Thursday, July 2, 2009

Electornic Currency

Electronic currency is also known as e-money, electronic cash, digital money or digital currency. It refers to money or script exchanged electronically through computer network, internet or digital stored valued system. The examples of electronic currency are Electronic Fund Transfer (EFT) and direct deposit. Besides that, also have some system involved the electronic currency system, which are:

1. ClickandBuy
ClickandBuy system is a full-service solution for e-payment and billing system. In 1999s, Norbert Stangl founded FIRSTGATE Internet AG which is the Internet payment system ClickandBuy and was launched in 2000. Nowadays, the ClickandBuy is available all over Europe, US and Asia, which include 126 different currencies and 46 different payment methods. ClickandBuy is used by Apple iTunes, Skype, msn, Playboy and so forth.

2. PayLoadz
The server host of PayLoadz.com is located in New York, United States. PayLoadz provided a secure Digital Goods E-Commerce service for everyone to sell downloadable good online. Such as Software, eBook, music, movies, articles, files, forms, and anything else that can be downloaded.

3. Paystone Technologies
Paystone Technologies is an online money transfer company that provided secure, convenient and quick money transfer and payments for its customers around the world. Paystone Technologies have offering 3 distinct services which are:
a) International money remittance and email money from North America to any bank account in 15 counties.
b) Payment gateway linking North American e-commerce merchant to Chinese online buyers.
c) GroupPay, is a mass payments system that allows you to pay many people at one time internationally via email.


4. Peppercoin
Peppercoin is a cryptographic system for processing micropayments and was developed by Silvio Micali and Ron Rivest. Peppercoin is a small payments technology company transforming routine card transactions into new revenue opportunities. Peppercoin provides a loyalty-ready PCI-complaint small payments suite for all payment models, including pre-paid, subscription and pay-as-you-go with Intelligent Aggregation.

5. DigiCash
DigiCash Inc. was a pioneering electronic currency corporation founded by David Chuam in 1990. DigiCash transactions were unique in that they were anonymous due to a number cryptographic protocols develop by its founder and it was declared bankruptcy in year 1998. Nowadays, DigiCash Inc provide the Digicash Wallet, which can gives merchants a revolutionary new approach for initiating real-time, value-creating coupons and promotion in increase sales, margin, and customers loyalty.

6. Beenz.com
Beenz.com was founded by Charles Cohen, from UK. Beenz.com was a website allowed consumers to earn beenz (is a type of online currency) for performing activities and the beenz e-currency could be spent with participating Web merchants around the world. Since Beenz illegally launching a new currency in many countries, therefore the finance ministers across Europe assure them that Beenz would be categorized as virtual points. After 9/11, Carlson’s business was struggled and the beenz concept was shelved. Therefore, the beenz.com was closed.

7. Flooz.com
Flooz.com was founded by Robert Levitan and promoted by comic actress Whoopi Goldberg in a series of television advertisements in February 1999. Flooz.com was a dot-com venture. The name of “flooz” means “money” in Arabic word. The company establishes a currency unique to internet merchants. Users can accumulate floodz credits to redeem for merchandise at a variety of participating online stores. The company was close on August 26, 2001.

References:
http://en.wikipedia.org/wiki/Electronic_money
http://clickandbuy.com/US/en/
https://www.payloadz.com/
http://www.techvibes.com/company-directory/paystone-technologies-corp
http://boston.bizjournals.com/gen/company.html?gcode=FF52DE71940147CC86BA8F120810453A
http://www.answers.com/topic/peppercoin
http://www.digicash.com/
http://www.answers.com/topic/beenz-com
http://www.ecommercetimes.com/story/12892.html?wlc=1246385546
http://www.answers.com/topic/flooz-com
http://en.wikipedia.org/wiki/DigiCash

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