Electronic money, Other Subject

Electronic money

Electronic money (also identified as electronic cash, e-money, digital cash electronic currency, digital money, or digital currency) refers to money or scrip which is exchanged only by electronic means. Usually, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and straight deposit are cases of E- Money. As well, it is a collective expression for financial cryptography and technologies allowing it.

Though electronic money has been an attractive problem for cryptography (see for illustration the work of David Chaum and Markus Jakobsson), to date, use of digital cash has been quite low-scale. One rare achievement has been Hong Kong's Octopus card system, which in progress as a transfer payment system and has full-grown into a extensively used electronic cash system. Singapore also has an electronic money execution for its public transportation system (commuter trains, bus, etc), which is extremely related to Hong Kong's Octopus card and based on the similar sort of card (FeliCa). There are as well one completion is in the Netherlands, recognized as Chipknip.

Posted Date: 10/13/2012 3:18:58 AM | Location : United States







Related Discussions:- Electronic money, Assignment Help, Ask Question on Electronic money, Get Answer, Expert's Help, Electronic money Discussions

Write discussion on Electronic money
Your posts are moderated
Related Questions
Weber could see the advantages of industrial capitalism, and he was optimistic about the future. but he thought it would never actually develop. but he thought workers wou

The assessment provides the student with the opportunity to critically evaluate effectiveness of clinical nursing leadership (CNL) and discuss how they may apply effective CNL as a

Hi I would Like to know all external influences Of Interior Design- PESTEL Analysis?

Review the following scenario, and respond to the questions that follow: Kevin is a hardworking salesperson at a local department store in a small town. He is a great salesperson

Overtaking Maneuvers on Single Carriageway The study circle around the overtaking maneuvers on single carriageway road section. The condition of the road sections must fulfill

as a teacher how to overcome the factors of wastage and stagnation


how to write a news report ?

What is health care ethics? Patients, families, and health care professionals sometimes face difficult decisions about medical treatments that involve moral principles, religio

Question 1 Explain the socio-cultural changes that took place due to the process of Westernization Question 2 Explain Sociological perspectives on education Ques