electronic purse
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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 systems
.
Electronic Funds Transfer (EFT)
and
direct deposit
are examples of electronic money. Also, it is a collective term for
financial cryptography
and technologies enabling it.
See more at Wikipedia.org...
This article uses material from
Wikipedia
®
and is licensed under the
GNU Free Documentation License
European Central Bank Dictionary
Download 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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