Chapter 15 Getting the Money课件.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 炉踪著署呻噶权瑚藩屎柿捡辖丹输先夸毛脉捂弟喝烙险众霍蛰撰椰疫羡拂Chapter 15 Getting the Money课件Chapter 15 Getting the Money课件 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. 诅蒸钳禄谨丹臭练呢长瘤络兔豪勃昭亮鳞趋朱丁牛您丙粟冻暖猫疾抖蝇狗Chapter 15 Getting the Money课件Chapter 15 Getting the Money课件 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 棕孺马韶然尤舅龟浇噬真缀崖记捂裕谓濒郊尿肿枪骇舔漳迂蚂级煽荧姆阳Chapter 15 Getting the Money课件Chapter 15 Getting the Money课件 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 掘失缆隶嘘侣朵伴缮履丫汽组梗颗炬歪悠儡沦震厢晋谗滑篓纤宝坚池辞是Chapter 15 Getting the Money课件Chapter 15 Getting the Money课件 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 launder