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Web-Based Electronic Money for Online Banking

Web-Based Electronic Money for Online Banking
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Author(s): Raghvendra Kumar (LNCT Group of Colleges, India), Preeta Sharan (The Oxford College of Engineering, India) and Aruna Devi (Surabhi Software, India)
Copyright: 2019
Pages: 7
Source title: Digital Currency: Breakthroughs in Research and Practice
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-6201-6.ch004

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Abstract

Online transaction payment for the purpose of introducing web-based electronic money as an alternative way of online transaction payment, the main areas that cover in this chapter include research of current payment system, limitation of current payment, what are e-money and the current state of electronic money. It will discuss the proposed web-based electronic money as an alternative for online payment and the benefit of web-based e-money. Online payment transaction is a form of a financial exchange that takes place between the buyer and seller facilitated by means of electronic communications for conducting e-commerce and online purchasing. This chapter includes research of current payment system, limitation of current payment, what are e-money and the current state of electronic money.

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