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Published in:
2003 | OriginalPaper | Chapter
Digital Checks
Author : Bo Yang
Published in: Payment Technologies for E-Commerce
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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In electronic commerce, there is a need for a check-like payment system where funds are transferred from the payer’s bank account to the payee’s bank account at the time the transaction takes place. From the bank’s point of view, it would be desirable to use existing interbank funds-transfer networks as much as possible. This chapter will introduce the foundational concept of digital check and two important electronic-check systems: NetBill and NetCheque.