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Discusses “smart cards” as electronic cash carriers. Examines technological innovations such as the Mondex “electronic purse” in the UK, where card values can be topped up by telephone. Forecasts that in the next few years, physical cash will be replaced as a main medium for transactions by “e‐cash,” which is cheaper to manufacture, more portable, and more versatile.
Internet Research – Emerald Publishing
Published: Jun 1, 1997
Keywords: Cash flow; Electronic funds transfer; Smart cards
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