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Electronic Money - Example Papers

Electronic Money


is quickly becoming mainstream for many households. takes several forms. It can range from using a debit card at Dillions to using electronic cash on the Internet. Many people use electronic cash and feel there are relative benefits, there are also people who find disadvantages to using electronic cash. Just like with anything, there are pros and cons to electronic cash
One form of electronic cash is debit cards. Debit cards are plastic cards electronically connected to a checking account. Debit cards can serve as checks and as ATM cards.
When using a debit card as a check, the card is simply given to the clerk and it is then treated as a credit card. Debit cards can only be used ...

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I feel Coastal Mart gains customers because of its convenience. I buy gas there and find this method of paying very convenient, especially if I am in a hurry. I also think debit cards are very convenient elsewhere as well as less expensive than writing checks for everything. Generally I only write checks for monthly bills. With the rise in technology I could opt for most of my monthly bills to be paid for through electronic transfer also. I am not sure why I have not chosen to reduce my check writing further, other than I am still a little leery of someone having access to my bank account.
When using the debit card at an ATM machine, money is attainable from a checking or savings account. It is also possible to transfer money between accounts, make payments, and check balances. I personally use the ATM machine more than the actual bank.
I found through reading an article in the magazine Money, that I am not among the minority of using the debit card. It is estimated that ...

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encounter with such cards was here at WSU. I also found out that these cards are sold by public transit systems in New York City, San Francisco and other cities. The cards are then used by users of the transit system to pay for the fare. On campus the Shocker Card can be used for vending machines, laundry machines, dining services, and copy machines. The Shocker Card is also a debit card, ATM card and calling card. This is made possible by using different magnetic strips for each function.
Stored valued cards can be very beneficial to many people. I do not use my card as a stored value card, but if I lived on campus I am sure that I would. Although such cards may be ...

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Electronic Money. (2004, December 21). Retrieved March 29, 2024, from http://www.essayworld.com/essays/Electronic-Money/19317
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"Electronic Money." Essayworld.com. December 21, 2004. Accessed March 29, 2024. http://www.essayworld.com/essays/Electronic-Money/19317.
"Electronic Money." Essayworld.com. December 21, 2004. Accessed March 29, 2024. http://www.essayworld.com/essays/Electronic-Money/19317.
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PAPER DETAILS
Added: 12/21/2004 02:14:21 PM
Category: Miscellaneous
Type: Premium Paper
Words: 2089
Pages: 8

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