Besides stealing electronic cash, a thief could exploit stored data for mischief - or blackmail.
An electronic cash register could, for instance, be programmed to bounce out digital receipts using Gogobeans.
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In fact, this was a key design consideration as resiliency has grown to become an imperative for privacy-enhancing electronic cash.
Bitcoin is a decentralized electronic cash system using digital signatures and cryptographic proof to enable irreversible payments between parties without relying on trust.
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But electronic cash, like paper cash, can be anonymous, untraceable and a good deal more convenient for money launderers than lugging a suitcase stuffed with notes around the world.
Japan's Finance Ministry plans to implement electronic cash by 1998.
With a value independent of any national legal tender, the electronic cash has cultivated a libertarian image over the years, while drawing the ire of law enforcement agencies who frequently condemn it publicly as an anonymous, untraceable criminal haven, inaccessible to police scrutiny.
Alec Shelbrooke was labelled by some as the ultimate Scrooge just before Christmas when he asked MPs to back his idea of making benefits payments through an electronic cash card which would not be valid for buying luxuries such as alcohol, tobacco or satellite TV subscriptions.
Within 18 months an electronic-cash system being tested in England will start pilot operations in Hong Kong and Singapore.
Electronic digital cash, for use on or off the Internet, may eventually provide some anonymity but, like today's physical cash, it will probably be used only for smaller purchases.
In some parts of the US it is easy to set up in business as a fee-charging ATM provider, all you need is a few hundred dollars for a second-hand cash machine and an electronic link to the cash machine network.
His latest venture, called PayNearMe, lets consumers without credit cards make electronic purchases using cash at their nearby 7-Eleven.
PayNearMe last year set up a service (story) with 6, 200 7-11 convenience stores that enabled people to make electronic payments with cash through 7-11 stores.
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Overall, the shift from cash to electronic payments is ongoing, especially among the younger generation, notes Banga.
The US Agency for International Development (USAID) will lead the way in transitioning from cash to electronic payments.
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Electronic signature technology increases cash flow.
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An Israeli citizen was allegedly involved in "identifying, recruiting and transporting victims" and "ensuring the delivery of cash payments by electronic bank transfer" prior to surgery.
The Payments Council, which oversees UK payments strategy, is seeking views for the blueprint on how cash, cards and electronic payments operate.
Richardson Electronics ( RELL), which makes electronic components, ranks first with net cash as a percentage of share price of 56%.
They combine the irreversibility of cash transactions with the convenience of electronic transactions.
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The euro was introduced at the start of this year for non-cash transactions only (such as electronic-funds transfers, and payments by cheque or credit card).
In these days of heavy use of electronic payment methods, the way our brains process cash may be less and less important.
The envelope division, while saddled with overcapacity and threatened by electronic bill payment, at least threw off gobs of cash.
The multiple advantages these electronic tender options offer versus traditional payment methods such as cash and checks including protection against theft and fraud, quicker transaction processing times, and reward programs that encourage use should continue to attract new users, especially in international markets such as Asia where cash remains the predominant payment method.
It's going to be particularly quick to catch on in those parts of the world where prepaid cell phone accounts are the norm and people are already comfortable with the notion of handing cash to a merchant and getting nothing but an electronic blip in return.
It delivers access to formal financial services and brings the security and convenience of electronic payments to millions of people in developing countries, breaking the cash economics that often locks them into poverty.
Among the picks the fund still holds are Concord EFS, which processes electronic transactions, and NCR, which makes bank teller machines, cash registers and computer systems for data warehouses (see story, p. 70).
Only about 30% of motorists pay with cash--the rest use EZPass, the region's electronic toll collection system.
The government has shut down electronic transfers and I would expect that the ATMs in Cyprus have had all their cash drained by now.
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But he records rap singles that groups like the Cash Money Millionaires can crank out in 20 minutes or less, using electronic rhythm sections.
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