Electronic Money (also known as e-money, 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.Electronic money also encompasses payment systems that are analogous to traditional credit cards and checks. Here, cryptography protects conventional transaction data such as an account number and amount; a digital signature can replace a handwritten signature or a credit-card authorization, and public-key encryption can provide confidentiality.
ClickandBuy is one of the leading payment systems on the internet. More than 14,000 merchants benefit from this complete service in 26 countries, which includes 126 different currencies and 46 different payment methods. ClickandBuy is used by Apple iTunes, Skype, msn, T-Online, Electronic Arts, Meetic, Playboy, SanDisk, Yamaha, UNICEF and many more.
Payloadz offers secure digital goods e-commerce service for anyone who sell downloadable goods online. It provides a service to sell downloadable items such as:Software, eBooks, music, movies, digital art, manuals, articles, certificates, forms, files, and anything else that can be downloaded.
Paystone Technologies Corporation is a private Internet payment and money transfer company dedicated to providing secure, easy and real time Internet transactions. It is founded in year 2001; Paystone has operations in the United States, Canada and the Philippines with International cash out capabilities in many other countries.
Paystone provides an inexpensive online payment method without the risk of chargeback from fraudulent credit card use. Paystone can handle small financial transactions which we called micropayments as low as $0.25. The ability to process micropayments opens a whole new world for entrepreneurs of all sizes. Nowadays, a small business or an individual has a chance to generate revenue from their website quickly, easily and inexpensively. This makes a whole new range of content available to personal account holders. The large online merchant can also realize the full benefits of the Paystone in order to expand and increase the profitability of their business.
Digicash’s mission is to create a new personalized dimension to the shopping experience. It transform online incentives into powerful new tools, establishing a strong, high-value connection between consumers and ecommerce companies. The Digicash Wallet, gives merchants a revolutionary new approach for initiating real-time, value-creating coupons and promotions to increase sales, margins, and customer loyalty.Consumers are embracing the Digicash Wallet because it’s fun, easy, convenient and personalized to their shopping needs. Capture the benefit of rising coupon usage without sacrificing profits.
Peppercoin is a cryptographic system for processing micropayments. Peppercoin Inc. was a company that offers services based on the peppercoin method.
The peppercoin system was developed by Silvio Micali and Ron Rivest and first presented at the RSA Conference in 2002 (although it had not yet been named.) The core idea is to bill one randomly selected transaction a lump sum of money rather than bill each transaction a small amount. It uses "universal aggregation", which means that it aggregates transactions over users, merchants as well as payment service providers. The random selection is cryptographically secure -- it cannot be influenced by any of the parties. It is claimed to reduce the transaction cost per dollar from 27 cents to "well below 10 cents."
Peppercoin, Inc. was a privately held company founded in late 2001 by Micali and Rivest based in Waltham, MA. It has secured about $15M in venture capital in two rounds of funding.Its services have seen modest adoption.Peppercoin collects 5-9% of transaction cost from the merchant.Peppercoin, Inc. was bought out in 2007 by Chockstone for an undisclosed amount.
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