electronic purse

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Wikipedia English The Free EncyclopediaDownload this dictionary
Electronic money
Electronic money (also known as electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systemsElectronic Funds Transfer (EFT) and direct deposit are examples of electronic money. Also, it is a collective term for financial cryptography and technologies enabling it.
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This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License

European Central Bank DictionaryDownload this dictionary
electronic purse
A reloadable multi-purpose prepaid card which may be used for small retail or other payments instead of banknotes and coins.
See also:
 multi-purpose prepaid card    

Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.

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