Transaction Processing White Papers
The Euro in the Electronic Purse: Interoperability Issues of Smartcard Based e-Payments in Europe
Overview Europe was the birthplace of the smartcard and leads in both its manufacture and its applications. Europe was also the birthplace of the World Wide Web, enabling new trading opportunities for buyers and sellers alike. Such electronic commerce (e-commerce) demands new concepts in how goods and services are paid for. Digital or electronic cash (e-cash) enables a purchaser to pay for goods over the Internet in a truly anonymous way. E-cash behaves just like real-world cash, except the 'cash' is in the form of tokens rather than coins and bank notes. As e-cash is cash in electronic form and does not exist physically, there is a need for a medium to make it portable - which is transferable between one entity and another. Two such media are already well established to support e-cash, the Internet and the smartcard. The Internet enables e-cash payment for on-line merchants, and the smartcard enables e-cash payments for merchants in the real world. However only smartcard based e-cash has the potential to enable payments in both worlds, the real and the virtual world.
| Publisher | European Smart Card Industry | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | April 2000 | Downloads | 6 |
| Format | White Papers | ||
| Topics | |||
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