《Chapter15GettingtheMoney.ppt

Electronic Cash One of the first forms of alternative payment systems E-cash is a general form that describe any value storage and exchange system created by private entity. Not really “cash” – rather, are forms of value storage and value exchange that have limited convertibility into other forms of value, and require intermediaries to convert Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Electronic Cash The difference between electronic cash and scrip: exchange convenience Electronic cash has another factor in its favor: children and teenagers; cash user; Electronic cash shows a particular promise in two application: the sale of goods and services priced less than $10; and the sale of all goods and services to those without credit cards. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Electronic Cash Micro-payment and small payment Micro-payment: from a few cents to 1 dollar Small payment: between 1 to 10 dollars Privacy and security of electronic cash Concerns are: privacy and security, independence, portability, and convenience Security problem: one time usage; anonymous as currency; Independent and portable; convenience Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Electronic Cash Holding electronic cash: online and offline Online cash storage: the consumer does not personally posses electronic cash. A third party (online bank) is involved in all transfers of e-cash. 在线存储 2. Offline cash storage: virtual equivalent of money kept in wallet. The consumer hold it, and no third party involved. 离线存储 Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile . Copyright 2004-2011 Aspose Pty Ltd. Electronic Cash Advantages of e-cash: Most efficient; Transferring e-cash on the Internet costs less that processing credit card transactions. Disadva