ONLINE PAYMENT MECHANISMS

Abstract

‘Imagine the situation where an electronic purse is built into your PC. At the instant you access an information resource you see in the corner of your screen “$0.75 fee: accept or reject?”: you hit the enter key and the 75 cents is instantly whisked from your electronic purse to the information producer's purse. In this scheme there are no publishers, no clearing houses, no settlements and no overheads.’

Citation

Hyams, P. (1995), "ONLINE PAYMENT MECHANISMS", Online and CD-Rom Review, Vol. 19 No. 3, pp. 168-170. https://doi.org/10.1108/eb024538