What is digital cash (eCash)? - Definition from WhatIs.com

Definition

digital cash (eCash)

Part of the Computing fundamentals glossary:

Digital cash is a system of purchasing cash credits in relatively small amounts, storing the credits in your computer, and then spending them when making electronic purchases over the Internet. Theoretically, digital cash could be spent in very small increments, such as tenths of a cent (U.S.) or less. Most merchants accepting digital cash so far, however, use it as an alternative to other forms of payment for somewhat higher price purchases. There are several commercial approaches to digital cash on the Web. Among these are eCash from DigiCash and Cybercash.

Digital cash can also be stored on an electronically sensitive card. See smart card and micropayment .

This was last updated in May 2011
Posted by: Margaret Rouse

Related Terms

Definitions

  • unique identifier (UID)

    - A unique identifier (UID) is a numeric or alphanumeric string that is associated with a single entity within a given system. (WhatIs.com)

  • cache memory

    - Cache memory, also called CPU memory, is random access memory (RAM) that a computer microprocessor can access more quickly than it can access regular RAM. (SearchStorage.com)

  • service-oriented architecture (SOA)

    - Service oriented architecture (SOA) is a technique that involves the interaction between loosely coupled services that function independently. (SearchSOA.com)

Glossaries

  • Computing fundamentals

    - Terms related to computer fundamentals, including computer hardware definitions and words and phrases about software, operating systems, peripherals and troubleshooting.

  • Internet applications

    - This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Ask a Question About digital cash (eCash)Powered by ITKnowledgeExchange.com

Get answers from your peers on your most technical challenges

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.