Ecash


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Ecash

(application)
A trial form of electronic funds transfer over the Internet (and soon by electronic mail).

The ecash software stores digital money, signed by a bank, on the user's local computer. The user can spend the digital money at any shop accepting ecash, without the trouble of having to open an account there first, or having to transmit credit card numbers. The shop just has to accept the money, and deposit it at the bank. The security is provided by a public-key digital signature.

There process involves the issuing banks who exchange real money for ecash, users who have and spend ecash, shops who accept ecash payments, and clearing banks who clear payments received by shops.

At the moment, all users and shops must have an account at DigiCash's own bank, the "First Digital Bank" at bank.digicash.com. They can withdraw money from the bank, and convert it to ecash. Shops can be started by any ecash user.

http://digicash.com/ecash/ecash-home.html.
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References in periodicals archive ?
A new multi-year contract with Fantasy Springs Resort Casino, to provide casinopc for cash advance services, all-in-1atm services, ecash checking services for check guarantee and full service booth operation, in addition to powercash.
Dahabshiil eCash is available to all customers with a Dahabshiil account and debit card transactions are made via internet connection, which means that the money is transferred from the card holder's account to the merchant's account immediately.
An extension of the multi-year contract with Choctaw Nation of Oklahoma for its Choctaw Casinos and the addition of another Choctaw Casino location where Cash Systems will provide its casinopc for cash advance services, ecash checking and full service booth operation.
Cash Systems previously announced that it had secured an agreement to provide its full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking to The Wildwood Casino.
com, a publicly traded company on the London AIM exchange to transfer funds securely and conveniently, ECash Direct, one of the most reliable and trusted e-commerce applications in the world, which has processed more than $43 Billion in uncompromised electronic transactions for customers in more than 240 countries and industry software leader CryptoLogic, Inc.
NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced a new multi-year contract with Gold River Casino where Cash Systems will provide it's full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking.
NASDAQ: CKNN), a provider of cash access solutions for the gaming industry, today announced a new multi-year contract with The Wildwood Casino where Cash Systems will provide its full line of cash access services including all-in-1atm services, casinopc for cash advance services, and ecash checking.
Soussa is also Chief Executive Officer of eCash Pty Ltd, a manufacturer and designer of electronic payment systems.
InterCasino utilizes Ecash Direct, one of the most reliable and trusted e-commerce applications in the world, which has processed more than $43 billion in uncompromised electronic transactions for customers in more than 240 countries.
eCash checking is Cash Systems check cashing and check guarantee product.
Cash Systems previously provided the casino with its eCashsystem for credit and debit card cash advances, all-in-1 atm services and will now add its eCash checking services for check guarantee.
Prior to his position with JP Morgan Chase, Paul was Managing Director and Head of eCash Solutions and Global Bank Export Services for Deutsche Bank.