Electronic Cheque And Electronic Cash 2g3233

An electronic cheque is an electronic copy (scanned image) of a real cheque, which is then transferred by email. In addition to the cheque's 'real' signature, the transfer must be digitally signed using the sender's private key to authenticate the transfer.

Electronic cash is centralized German debit card system for handling money withdrawals from cash machines. E-cash was developed to allow fully anonymous secure electronic cash to be used on the Internet to online trading between buyers and sellers.

Electronic cash examples include:prepaid cards, Payment cards, Special electronic checks from electronic bank s; Micro-payments,

Anonymous cash, also coupons, Scrip,

Smart cards as well as debit cards

Saved time: Reduce transaction process time Speed up transaction processes. Reduced costs: Reduce transaction costs Reduce cash distribution costs. Flexibility: Digital cash can take many forms, including prepaid cards Digital cash can be converted into different currencies.

Electronic cheques are an electronic funds transfer . a system that transfers money electronically from the buyer's current to the seller's bank Electronic cash is system for handling money withdrawals from cash machines. Since Electronic cheques use conventional encryption than Public and private keys as in e-Cash, Electronic cheques are much faster. Electronic cash included prepaid cards, payment cards, special electronic checks from electronic bank s; micro-payments etc,

REFERENCE:www.authorstream.com/.../sree6334-1142877-e-cash-payment-syste. www.slideshare.net/SumantDiwakar/e-cheques www.sqa.org.uk/e-learning/ECIntro02CD/page_14.htm

http://www.idoub.com/ en.wikipedia.org/wiki/Electronic cash www.itvdictionary.com/definitions/e-cash_definition.html homepages.inf.ed.ac.uk/dts/pm/practical/ecash.htm http://www.dmi.unipg.it/

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