T2 BUS-340

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School

Grand Canyon University *

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-485

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Business

Date

Feb 20, 2024

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docx

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4

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1 1. Briefly explain electronic payment systems. Identify and explain an ethical dilemma with the use of electronic payment systems. 2. Should a person have a right to privacy in his/her personal identifying information and transaction history a business obtains from electronic payment systems? Should a person be able to restrict any or all sharing of his/her personal identifying information and transaction history with any the third-party entities, including the government and business partners? 3. From a Christian worldview, discuss biblical ethical principles regarding businesses' exploitation of customers' personal information and the sharing of that information with third-party entities.
2 Topic 2 Assignment 1 Braelyn Ayala BUS-340: Ethical and Legal Issues in Business Professor Raymond November February 5, 2023
3 When discussing uses off media and internet within a business or facility, there are many ways that the usage can become an issue. There are also many different forms of media that a business can use. These usages can range anywhere from social media platforms to banking apps, among many others. One of the ways in which media or the internet is used in the business environment is through electronic payment systems. Most people may overlook electronic payment systems as being an issue in a professional setting. However, some employers may catch that there are some ethical issues that may surface through that kind of media or electronic usage. Electronic payment systems are a way in which people or businesses may give money or funds to another person through phones or computers. It is a payment process between two parties. Electronic payments can also come in the form off online shopping. When running your card for a purchase on Amazon, you are using an electronic payment system. No physical cash or paper money is used for these kinds of purchases, (AvidXchange, 2023).
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4 Resources AvidXchange. (2023, January 23). Electronic Payment Systems . AvidXchange. Retrieved February 5, 2023, from https://www.avidxchange.com/blog/electronic-payment-systems- faqs-everything-you-need-to-know/