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Electronic money
Electronic money (also known as e-money, electronic cash, electronic
currency, digital money, digital cash or digital currency) refers to
money or scrip which is exchanged only electronically. Typically, this
involves the use of computer networks, the internet and digital stored
value systems. Electronic Funds Transfer (EFT) and direct deposit are
all examples of electronic money. Also, it is a collective term for
financial cryptography and technologies enabling it.
Related links
E-commerce
Electronic money
Alternative systems
Merchant accounts
Merchant accounts fees and rates
Chargebacks on merchant accounts
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