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Encyclopedia—money

Electronic Money

Electronic payment systems, already in place for use by credit-card processors, were adapted in the 1990s for use in electronic commerce (e-commerce) on the Internet. Such “digital cash” payments allow customers to pay for on-line orders using secure accounts established with specialized financial institutions; related technology is used for on-line payment of bills.

Sections in this article:

Introduction
Evolution
The Monetary System of the United States
Electronic Money
Bibliography

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