Virtual Money

Virtual Money

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The first book-length study of its kind explains the burgeoning use of electronic money, from credit cards to qcybermoneyq to the vast sums sent out by the Federal Reserve daily, and examines its advantages and possible abuses. UP.Originally established by the Federal Reserve Banks, ACHs now are also offered by a few private sellers, such as VISA and Chase. ... ACH thus becomes a mechanism for clearing all kinds of private electronic payments, such as debit cards for gas stations and supermarkets. ... It is also an important part of the complex electronic government food stamp program EBT (electronic benefits transfer) and ... You may pay your suppliers and in turn receive payment from your own customers.

Title:Virtual Money
Author: Elinor Harris Solomon
Publisher:Oxford University Press, USA - 1997

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