Electronic Cash over the Internet and Security Solutions

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Mohit Kumar Sharma


In Digital era, Electronic payment systems are becoming important to on-line shopping or business process to serve consumers faster and at very low cost. Electronic payment systems and Electronic commerce are linked together with each other that on-line consumers must pay for products and services. An important feature of electronic commerce is prompt and secure payment by security provisions and settlement of credit and debit claims. Electronic Cash is important concept in electronic payment systems through internet because it combines computerized convenience with security mechanisms. Electronic Cash can be used for making and receiving payments between consumer and merchant or for any money transaction. This paper includes different electronic payment systems, electronic cash, process, properties, components of electronic cash and security solutions provided through the internet.

Key words: Electronic payment systems, Electronic Cash, Components, Security solutions, Cryptography


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