An E-cash (electronic cash) payment system is based on e-payment protocol which authenticates a sequence of transaction payments using coins or electronic tokens by a third party. There are three kinds of users:-
Basic Prerequisites for E–Cash (Electronic) Payment Systems:-
Advantages of E-Cash Payment Systems:-
Transactions Types in E –Cash (Electronic) Payment Systems:-
There are three types of transactions:-
E Cash Protocol:-
E-cash was developed to permit the anonymous electronic cash (secure) to be used inturn over the internet in order to keep up to the online trading exchange between a buyer and a seller.
Other protocols of E-cash payment include Net cash and Mondex:-
The growth of E-cash is foreseeable, but further more improvements are required. Tackling anonymity, security, reliability will make E-cash more perfect for usage. In some developing countries where people hesitated in sticking to such methods, has now shown the tremendous usage of online payment and E-cash payment schemes. Its growth is clearly seen slowly and when it will be fully improved technologically, it will be more efficient and reliable for the customers to use it.