e-cash


Also found in: Dictionary, Acronyms, Wikipedia.
Related to e-cash: Digital cash

e-cash

(1) See digital coins.

(2) (eCash) An earlier Web payments service developed in the 1990s by Amsterdam-based DigiCash, Inc. It used a blind signature encryption method and required an active account from an eCash member bank. Digital coins were stored in the eCash Purse digital wallet on the customer's computer, and coins were deducted from the wallet when a purchase was made at eCash-compliant sites. The system was regulated by adding a serial number to each coin. When the merchant received the coins, they were sent to the customer's bank for verification. If a coin matched the serial number of a coin that had already been spent, fraudulent activity was detected.

Despite this innovative system, not enough banks participated for its success, and in 1999, eCash Technologies, Inc. acquired DigiCash. In turn, eCash was bought in 2002 by InfoSpace, Inc., Bellevue, WA and absorbed into its payment solutions unit. See Web payments service.
References in periodicals archive ?
Doing away the need to carry large amount of cash, corporates dealing with various government entities find the e-Cash card secure and convenient.
An e-cash system provides one way to make "micropayments" on the Internet, that is, to accommodate payments that are too small for credit card purchases.
Typical applications of e-cash are buying bus tickets, paying calls at public phones, and low-value payments over the Internet.
He said 250 companies are enlisting E-Cash to help process charges for visits to Web sites, a sixfold increase from the 50 firms now signed up.
E-cash could be more complicated, however, particularly if it bypasses depository institutions and allows direct transfers between individuals.
The e-cash card is a new sort of payment case available from QNB, which can be topped up and used to pay for government services.
It joins more than 300 games and almost all available payment options, including e-cash, kiosks, credit cards, prepaid cards and mobile payments.
The loyalty cards excepted at the Enoc stations are Select cards, Select plus, Cash plus and E-cash.
The focus then moves on to the ins and outs of conducting business over the Internet, including contracts and electronic signatures, transacting with credit cards and e-cash, copyright, designs, patents and trademarks, settling disputes and taxation issues.
com, creator of the web's currency beenz, and Mondex International have made a technical and marketing agreement to develop a smart card capable of carrying Mondex e-cash, beenz and complementary e-commerce services.
Rumor has it that e-cash wannabe DigiCash is in real trouble this time.
E-cash is nothing more than a digital representation of money.