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What is E-money

Encyclopedia of E-Commerce Development, Implementation, and Management
Originally referred to payment mechanisms that store value on a consumer’s personally held device. It now includes payment mechanism where value is stored on server that consumers can access remotely.
Published in Chapter:
Macroeconomics Aspects of E-Commerce
Daniel Heil (Hoover Institution, USA) and James E. Prieger (Pepperdine University, USA)
DOI: 10.4018/978-1-4666-9787-4.ch165
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E-Finance Services in Russia
The monetary value which is stored on electronic devices and which is acceptable as a means of payment by undertakings other than the issuers.
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The Macroeconomic Impacts of E-Business on the Economy
Electronic money. A class of prepaid, stored value retail payment mechanisms in which an electronic device in a consumer’s possession stores a record of the funds available to the consumer. Purchases the consumer makes with the device reduce the funds available. In some new forms of e-money, funds are stored centrally in a server, apart from any physical device in the consumer’s possession.
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Intermediaries in E-Commerce
The monetary value which is stored on electronic devices and which is acceptable as a means of payment by undertakings other than the issuers.
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