Despite of these advantages that were mentioned, which creates the power to convince consumers and business owners to use and accept legacy payment methods in a networked environment, there are also a number of disadvantages why some people are hesitant to use such mode of payment. They are especially true when they are used in a networked environment particularly in the Internet.

Issues, Disadvantages, and Solutions in Legacy Payment Methods in a Networked Environment

One of the most critical issues that exist in the use of legacy payment methods in a networked environment, such as the credit card, is how secured are the financial and personal information of the credit card users. Especially when used online, where information is oftentimes vulnerable to threats and unauthorized access, there is a high possibility that credit card information may not be secured. This thus is causing great concerns for consumers.

One of the...
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