This
paper explores the various
legacy purchase methods currently available which include
credit cards, checks and online purchasing, which have basically done away with the need for actual
cash. This paper details the various benefits to purchasing items and conducting business by way of a legacy
payment method. This paper examines the numerous types of transactions that can be done with the use of a credit card including renting a car, hotel reservations, online and phone
purchases. The writer of this paper also delves into the drawbacks of this particular payment method including the risk of exposing personal and financial information to third parties, when paying by credit card. This paper discusses the numerous problems that can arise when making purchases online where personal information is often vulnerable to exposure and unauthorized access. This paper also delves into the various technologies now available which help protect personal and sensitive information from being stolen which include the implementation of encrypted and secure websites. Table of Contents: Advantages Disadvantages Bibliography