A system that allows a person to pay for goods or services by transmitting a number from one computer to another. Like the serial numbers on real dollar bills, the digital cash numbers are unique. Each one is issued by a bank and represents a specified sum of real money. One of the key features of digital cash is that, like real cash, it is anonymous and reusable. That is, when a digital cash amount is sent from a buyer to a vendor, there is no way to obtain information about the buyer. This is one of the key differences between digital cash and credit card systems. Another key difference is that a digital cash certificate can be reused.
Digital cash transactions are expected to become commonplace by the year 2000. However, there a number of competing protocols, and it is unclear which ones will become dominant. Most digital cash systems start with a participating bank that issues cash numbers or other unique identifiers that carry a given value, such as five dollars. To obtain such a certificate, you must have an account at the bank; when you purchase digital cash certificates, the money is withdrawn from your account. You transfer the certificate to the vendor to pay for a product or service, and the vendor deposits the cash number in any participating bank or retransmits it to another vendor. For large purchases, the vendor can check the validity of a cash number by contacting the issuing bank.
ECommerce-Guide ECommerce-Guide is the source for e-commerce news, trends, product reviews, and how-tos for businesses running online or e-commerce sites and selling and marketing products and services.
Webopedia's "Did You Know...?" Section Use this Webopedia knowledge section for an in-depth overview of specific technologies and occurrences in the areas of Computer Science, The Internet, and Computer Hardware and Software.
Discount Office Items
288.64Digital cash counter counts up to 1200 bills per minute and can hold up to 300 bills. Ultraviolet (UV), Magnetic (MG), Dimension (DD) and Infrared (IR...
Instawares, LLC
328.22300 bill capacityCounts up to 1200 bills per minuteLED displayColor: Blue and grayDetects counterfeit bills through UV - MG - DD - IR detection
eCOST.com
360.99Royal Sovereign Digital Cash Counter - 300 Bill Capacity - Counts 1200 bills/min - Blue, Gray
Amazon Marketplace
239.9515 Departments 10 Cashiers 1000 Price Look Ups Front and rear displays Black color
Office Depot
199.99Simplified tax and department programming2000 PLUs (price lookups) supports a wide array of products. Cash register also supports up to 99 departments...
