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"Electronic Microcontroller"
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01-Question
Like a written signature, the purpose of a digital signature is to guarantee that the individual sending the message really is who he or she claims to be. Digital signatures are especially important for electronic commerce and are a key component of most authentication schemes.
02-Question
E-checks and electronic payments typically take 24-48 hours to clear the payer's bank and for the funds to show up in the payee's bank account. This quick timing is beneficial for both parties to the transaction. They need to deposit the check to their bank and then the bank sends it through the check clearing process.
03-Question
Steps to accept electronic checks for small business -Set up a merchant account with an ACH provider.Get customer authorization via digital signature or recorded phone call.Enter payment details, including checking account numbers, routing details, billing amounts, and billing schedule.