Introduction Electronic payment system is a mode of payments over an electronic network such as the internet and information & communication technology. Moving ahead, we can say that e-payment is a method in which a person can make Online Payments for his purchase of goods and services without physical transfer of cash and cheques, irrespective of time and location. Electronic payment system is the basis of on-line payments and on-line payment system development is a higher form of electronic payments. An electronic payment is defined as a payment services that utilize information and communications technologies including integrated circuit (IC) card, cryptography, and telecommunications networks. The need for electronic payment technologies is to respond to fundamental changes in socio-economic trends. Electronic payment can be done using credit card, debit card or electronic checks (e-checks). It makes electronic payments at any time through the internet directly to manage th...