digital coins

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digital coins

An earlier form of electronic travelers check. Called "e-money" and "e-cash," the concept is that digital coins are downloaded from a participating bank into the user's computer, or an account is set up within the bank. Either the coins or the transactions that debit the account are transmitted to the merchant for payment, and all transactions are encrypted.

Many believed that digital coins would fuel a new online information industry that would allow customers to pay in smaller increments, such as five cents a lookup or 10 cents per download; even a fraction of a cent for more trivial transactions. However, the digital coin concept never took off. See First Virtual, Open Market and smart card.
References in periodicals archive ?
sQuid provides the eMoney service for NEC smartcards and will do the same for the National Express Dundee travel purse.
The no-fee contributions can be sent at MoneyGram agent locations or on the Internet through the company's eMoney Transfer service through Nov.
Participating companies include ActiFi, AdvisoryWorld, cleverDome Solutions, eMoney Advisor, FinanceLogix, Gladstone Analytics, HiddenLevers, inStream Solutions, Laser App, MoneyGuidePro, Object Lateral, Redtail Technology, Riskalyze, Sagacious and Salentica.
sQuid have worked with leading smart card bureau Euclid to develop a personalised multi-function smart card which incorporates ID, access control, eMoney, Loyalty, and Library membership.
recently lowered fees for its standard same-day eMoney Transfer service, streamlined its Web site design making it easier to navigate, and introduced its new online economy service.
20, 2014 /PRNewswire/ -- eMoney Advisor("eMoney"), a leading provider of advanced wealth planning solutions for financial advisors, today announced that it has earned the top spot on the 2014 list of Best Places to Work San Diego in the Medium Employers category.
sQuid eMoney will be made available to all Plusnet staff on their staff card, enabling cashless purchases as well as ID and access control.
Or, make an on-line donation by going to the MoneyGram eMoney Transfer site at www.
July 2, 2014 /PRNewswire/ -- eMoney Advisor("eMoney"), a leading provider of advanced wealth planning solutions for financial advisors, today announced that it has been named to the 2014 list of Best Places to Work San Diego.
LONDON, August 3, 2010 /PRNewswire/ -- sQuid's eMoney cashless payments service is to be made available to 28,000 Secondary School children and potentially 117,000 Primary School children across Nottinghamshire and Nottingham City.
He also serves on the Board of Directors of eMoney Advisor Inc.
EDINBURGH, Scotland, June 24, 2010 /PRNewswire/ -- sQuidcard, the electronic money (eMoney) operator, today announces the addition of sQuid eMoney on the National Library of Scotland's (NLS) smartcards in Edinburgh.