Electronic money, Other Subject

Assignment Help:

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.


Related Discussions:- Electronic money

The employment relations act 2008, QUESTION The Employment Relations Ac...

QUESTION The Employment Relations Act 2008 gives much prominence to the Collective bargaining process as a means to regulate jointly terms and conditions of employment. (a)

Statitics, mention the characteristics of statistics. explain two applicati...

mention the characteristics of statistics. explain two application of statistics?

Write a long note on restoration drama, Question 1 Write a critical apprec...

Question 1 Write a critical appreciation of John Donne's poem 'The Good Morrow' Question 2 Write a long note on the plot and dramatic structure which are two of the elements

Forms of art in america, Forms of Art in America: Forms of Art means the t...

Forms of Art in America: Forms of Art means the type of artwork such as drawing, painting, sculpture (carving, modeling, assemblage and construction) architecture, printmaking, el

Explain what is media imperialism, Question 1: A "Development Organizat...

Question 1: A "Development Organization" invites you to be its development communication consultant to promote the diffusion of a new idea into your community. Discuss the ste

Data encryption standard (des), Data Encryption Standard DES The Data E...

Data Encryption Standard DES The Data Encryption Standard (DES) specifies a FIPS accepted cryptographic algorithm as essential by FIPS 140-1. This publication provides a comple

How credit cards work?, How credit cards work? Credit cards are issued ...

How credit cards work? Credit cards are issued after an account has been accepted by the credit supplier, after which cardholders can use it to formulate purchases at merchants

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd