ITM 350 Chapter Notes - Chapter 6: Debit Card, Mondex, Main Source

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 350
• Professor: Franklyn Prescod

Document Summary

Edi used van as platform for operation initially. Edi was mostly used in large companies & was expensive: edi has moved from vans to the web & web is a more cost-effective platform for edi transactions, this streamlined payment systems for b2b commerce. Cash is widely accepted by almost everyone: it is portable cuz it can be carried easily by a person, widely accepted by stores, other companies & other people. Electronic cash payment can be transported from one place to another over the internet: acceptance. Acceptance of cash depends on the strength of the economy, the stability of the currency & the extent to which it is used. On internet, acceptance of electronic cash has not been easy to achieve except in the form of prepaid money cards that can be loaded on the internet but are spent at retail stores: anonymity.