Internet Payment System

As the most important part of financial industry, banking sector firstly conducted its business electronically.As to the western countries, the use of computers in their banking sector is widespread and now they have reached a very high level in their financial computerizing.After some 20-year efforts in financial computerizing, we have Constructed the financial data network upon which china advanced payment system is based. In addition, various payment systems have been greatly developed for the purpose;for settlement between banks or banks with their customers.The widespread use of the Internet has altered the traditional way of doing business and brought the era of e-commerce. This also brings challenges and risks to financial institutions, especially in the area of payment services.We do research on the payment system on the Internet'for the purpose of finding out how financial institutions offer their services in an increasing networked economy, and therefore make preparations for these changes.E-commerce is the way of doing business in future and online bank is just the form taken by the e-commerce in the financial world. Banks have to move their business online for prosperity. Experiences around the world has conformed the belief that online banking will be banks' new way of delivering their services and the direction of future banking development.After wide research on the financial computerizing and payment system in our country, some customerized suggestions are given to our banks in improving their ability to compete in future.