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Unformatted text preview: TRONIC COMMERCE PAYMENT SYSTEMS
5. DIGITAL CASH (E-Cash)
DIGITAL Digital Cash is currently represented in electronic form that
moves outside the normal network of money.
Digital Cash users are supplied with Client Software to exchange
money with another e-cash user over the Internet or with a
Digital Cash can be useful for people who do not have Credit
Cards and wish to make Web purchases as well as facilitating
e.g. ClearBIT is an Example of a Digital Cash service. ELECTRONIC COMMERCE PAYMENT SYSTEMS
6. PEER-TO-PEER PAYMENT SYSTEMS
Web-based Peer-to-Peer Payment Systems serve people who
want to send money to vendors or individuals, who are not set up
to accept Credit Card Payments.
The party sending money uses his Credit Card to create an
account with designated payment at a Web site dedicated to
The Recipient ‘’Picks up’’ the payment by visiting Web site and
supplying information about where to send the payment
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- Spring '11