digital money


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.
Related to digital money: Digital currency

digital money

Money stored and transferred in digital form. In the early days of the Internet, people were reluctant to use their credit cards online, and several payment systems were devised using a form of digital travelers checks (see digital coins and digital wallet).

After all was said and done, the traditional credit card systems became the primary form of online money transfer. Web browsers and Web servers support the SSL/TLS security protocols that encrypt connections between the user and the online merchant (see SSL). See Web payments service and mobile payments service.
References in periodicals archive ?
Users exchange cash for digital money using online exchanges, then store it in a wallet program in their computer.
He spent most of his time explaining the concept of peer-to-peer currency, which is emerging as the world's default platform for digital money, than he did describing his plans for the company itself.
Our partnership with Standard Bank is a great example of how organizations can harness the immense potential of digital money to extend banking reach and spark new growth opportunities.
The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.
Tokyo, Japan, Oct 5, 2006 - (JCN) - WebMoney Corporation announced that it has filed patent applications for its digital money in five countries including Japan, Singapore, Korea, Taiwan and the United States over the past year.
These realities shall prevail whether describing the stocks and flows of digital money through my local credit union, or the transfer of goods and services (and economic/political/military control) worldwide.
The service will be attached to a credit card that ANA and Suruga will issue combining three functions - cash card, mileage card and digital money.
Nagle said: "I think we have to be realistic because the year of this report represents a blip year, the year that we did receive the one year of ITV Digital money.
Grimsby were relegated from the First Division last season and the board, already under pressure after losing the ITV Digital money, made a number of job cuts to avoid a financial meltdown.
The last time I spoke to him on the phone, just a few weeks ago, he'd lost pounds 30million when his digital Money Channel collapsed.

Full browser ?