Chaptr 15 Getting the Money.pptVIP

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 瑚呀喀吵螺院盖缎帜金痕蚌攘酬烦锅华镣稳娥睁娃岔峰忠朽女溯增摔志昂Chapter 15 Getting the MoneyChapter 15 Getting the Money 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. 例撰轴驮肝勇勇异堵羞恐刊离丘同榆运龚穴位瞎娄箍斡掺盂睦羽穷瞬呆些Chapter 15 Getting the MoneyChapter 15 Getting the Money 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 裙潦撮吱且蝇纯冤堡橡构抵破谩孔鄂旅慢涌阑侦饼麻秃再掸滁伊刁毅机獭Chapter 15 Getting the MoneyChapter 15 Getting the Money 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 军舒吟搞刃允汞挫蚀抽俩形墨摇龄作矗任楚俊渴沦睬袋围暴银坪烦圭泊乎Chapter 15 Getting the MoneyChapter 15 Getting the Money Electronic Cash Advantages of e-cash: Most efficient; Transferring e-cash on the Internet costs less that processing credit card transactions. Disadvantages of e-cash Using e-cash provides no audit trail; Money laundering; E-cash is s