In the emerging economy there is a new infrastructure, based on the internet, that is causing us to scrutinies most of our assumptions about the business. As a skin of networks - growing in ubiquity, robustness, bandwidth, and function - covers the skin of the planet, new models of how wealth is created are emerging.

Thursday, December 29, 2011

Micropayment System

Other electronic payments systems include micropayment systems like Cybergold and Qpass.

Some of these technologies create electronic scrip or digital cash, sometimes called e-cash, for making payments that are too small for credit card transactions.

Encryption and authentication techniques are used to generate strings of data that can handled like currency for making cash payments.

For example, websites like ESPNET SportZone, Discovery Online and The Wall Street Journal Interactive Edition let you chat with superstars, download video segments or pay for business reports by using digital cash micropayment systems.
Micropayment System

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