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
Electronic Bill Presentment and Payment Electronic bill presentment and payment (EBPP) is a practically latest technique that allows consumers to view and pay bills electronica

Question 1 i) What is Statistical Process Control? Distinguish between Statistical Quality Control and Statistical Process Control ii) List out Dr. Edward Deming's contribution


What are the causes of Earthquake?

CARD BASED EFT EFT may be begun by a cardholder when a payment card for instance a credit card or debit card is used. This might take place at an automated teller machine (ATM)

how do campaigns affect liberal democracy?


QUESTION 1 (a) What are the benefits to Management for dealing with Trade Unions? (b) What measures can be taken to restrict workers in essential services to take industrial

role of school ,parents and peers imparting family life education

New Media: We define "new media" as interactive forms of communication that use the Internet, including podcasts, RSS feeds, social networks, text messaging, blogs, wikis, virtual