ITM 350 Chapter 6 Notes.docx

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Department
Information Technology Management
Course
ITM 350
Professor
Franklyn Prescod
Semester
Winter

Description
ITM 350 Chapter 6 Notes Billing and Payment Systems Characteristics of Traditional Payment Systems Electronic Data Interchange EDI EDI systems have made use of valueadded networks VANs as a platform for operation ValueAdded Networks VANs are privately owned networks that are rented to users along with a package of related services to operate their EDI systems by providing an environment within which they can work and by connecting them to their customers and suppliers Cash Cash is portable because it can be carried easily by a person Cash has the characteristics of portability acceptance anonymity not identification and instant transfer of value Digital Cash Based on public key cryptographyinvolving the use of private key to sign messages and a public key to verify signatures ECash has
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