What properties of money are important for electronic commerce? We argue that both transactional and privacy properties distinguish electronic commerce systems. We provide a quick overview of the history of money. We then consider privacy provided by different forms of money, and socially desirable disclosure of information as specified by legal reporting requirements. We classify electronic an...

money laundering is a silent crime which crosses international boundaries. modern technology has led to new avenues to disguise the proceeds of crime. the advent of electronic money has meant that tracing the transfer of possibly illicit funds is an extremely difficult if not impossible task. therefore there is a need to take consistent measures against money laundering throughout the world esp...

Electronic commerce has attracted much attention with the development of security technology on the Internet. We established an electronic commerce system that is based on NTT electronic money technology and is connected with the Japanese banking system. It has been operated in the InternetCash trial step2 since April 1999. The aim of this trial is to evaluate the security features of NTT elect...

With the rapid development of the Internet and information technology, electronic commerce system is flourishing. In electronic commerce, customers use electronic money (e-money) instead of cash. E-money in wide use includes electronic cash, electronic checks, electronic coupons, and so on. E-money is fixed at face-value and is backed by banks. The fact that e-money is not issued in the actual ...

Anonymity features of electronic payment systems are important for protecting privacy in an electronic world. However, complete anonymity prevents monitoring financial transactions and following the money trail, which are important tools for fighting serious crimes. To solve these type of problems several “escrowed cash” systems, that allow a “Trustee” to trace electronic money, were suggested....