1. Electronic cash

Electronic cash (eCash) is a computer-software generated system which allows items to be purchased by proprietary credits, credit card, ATM, debit card or cheque, providing secure online transactions and processing. Sometimes the term includes smart card technology, digital money (information with intrinsic value that is stored on an individual's personal computer), and electronic cheques which are tied to a demand deposit account and debited from the consumer's account when requested by the recipient. Many companies establish their own proprietary methods of allowing merchants to transact with eCash so if this area of ecommerce interests you, consider visiting their websites to determine which best suits your business.

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