Electronic money designed to be used over a network or stored on cards similar to credit cards. Ecash is still more of an idea than a practical reality, largely due to security concerns.
Developed by DigiCash and the Mark Twain Bank, ecash is the ability to use real money in an electronic purchasing system over the World Wide Web. The process involves you sending a check to Mark Twain Bank which in turn sends you software that gives you access to the ecash Mint where you draw funds to your hard drive for use when purchasing goods and services on the Internet.
a proprietary online system of payment offered by the Mark Twain Bank where a user first deposits money with the bank and then, using software provided by Mark Twain, may make purchases online, debiting the account accordingly.
A proprietary online service (owned by Wagerlogic) and used by Crypto casinos to handle deposits and withdrawals. Only drawback is you can't withdraw from a casino until you have received a unique Ecash "PIN" which is sent regular mail and can take up to two days. Ecash issue a seperate PIN for each casino that uses them.
Cash that exists as information. It may be held in smart cards or on disk storage and can be traded through special terminals or over networks. At the moment several commercial variants are appearing e.g. Digicash, Mondex.
An electronic system that provides for deposits and withdrawals of digital money. It permits a payer using it to remain anonymous.
A service that allows the transfer of monetary value using electronic tokens.
Ecash (or e-cash), short for electronic cash, is an electronic payment option. Some implementations of ecash aim to be secure and untraceable, but there are several problems with security using ecash. A popular ecash provider is Pay Pal.