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Booking Systems and Payment Systems Overview

The document provides an overview of booking and payment systems, highlighting their functions, advantages, and disadvantages. Booking systems automate reservations for services like transportation and accommodations, while payment systems facilitate digital money transfers. Both systems enhance user convenience but also pose risks such as technical failures and fraud.

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Ananth Kumar
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9 views

Booking Systems and Payment Systems Overview

The document provides an overview of booking and payment systems, highlighting their functions, advantages, and disadvantages. Booking systems automate reservations for services like transportation and accommodations, while payment systems facilitate digital money transfers. Both systems enhance user convenience but also pose risks such as technical failures and fraud.

Uploaded by

Ananth Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Booking Systems and Payment Systems Overview

Booking Systems:
• Automated process for reservations of services
like transportation, events, and accommodations.
• Common applications include travel,
entertainment, and education.
• Key functions include availability checking,
confirmation, cancellation/rescheduling, and
integration with payment systems.
• Advantages include 24/7 availability, ease of
access, speed, and reduced errors.
• Disadvantages include technical failures and
privacy concerns.

Online Booking System:


• User enters details, selects options, inputs
required information, checks availability, makes
payment, confirms, records booking, and allows
optional changes.

Payment Systems:
• Digital methods used to transfer money for goods
and services.
• Types include online payment systems, card
payments, mobile payment apps, and
cryptocurrency.
• Steps in payment processing include user input,
validation, processing, and confirmation.
• Advantages include speed, convenience,
security, and detailed transaction history.
• Disadvantages include internet dependency, risk
of fraud, and system downtime.

Online Payment System:


• Customer initiates purchase, enters payment
details, secures payment details, authorizes
payment, confirms or declines, sends confirmation,
generates receipt, and processes order for shipping
or digital delivery.

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