[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Online Spending with Smart Cards and E.Cash to To US$3.5bn by year 2000
--- begin forwarded text
Date: Fri, 24 Jan 97 00:04:40 +0100
To: [email protected]
Subject: Online Spending with Smart Cards and E.Cash to To US$3.5bn by year
2000
Cc: [email protected]@OpenMarket.com
From: [email protected] (Mike Alexander)
Sender: [email protected]
Precedence: bulk
Reply-To: [email protected] (Mike Alexander)
>>[some Fed reserve guy's] argument for stored value cards is that the
>>business costs of handling cash are so substantial that there is room
>>for merchants to discount purchases when made by a means that does
>>not require that handling cost.
>
>Does anyone know of a source for information on the overhead of
>accepting various forms of payment? I assume the cost of cash is
>smaller than credit cards for purchases under, say, $500. Any
>estimates on smart cards? On pure digital cash (delivered via a
>browser)?
>
>I'm particularly interested in micropayments, but the larger question
>is interesting as well.
I've worked on this topic extensively in the past months (writing a doctoral
thesis on efficiency and risk in the payment system). I can assure you this:
cash in is still and will remain one of the most efficient payment
instruments.
This holds looking at it from a private as well as social cost perspective
with
sufficient empirical support.
Best Regards,
Michael Alexander
Doctoral Student at the University of Vienna
-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: 2.6.3i
mQCNAzIhxYwAAAEEALtfkL/X6GuZpEECWnmkmbqqtGwNalb94Om82VUiBE8iU1OX
2e5WXQGsq1oManSqVQn3TpVo7VE9pMJr5vITAmkEA6szGRt5zbK5u/dIqhLnJnRE
sVpiY61Xw6RvQKoXX7LSqOYSCqvIiY8GJ5gRpiKQNPZVuJRqbLipmU0fPqylAAUR
tDFNaWNoYWVsIEYuIEFsZXhhbmRlciA8YTkwNTA3NTZAdW5ldC51bml2aWUuYWMu
YXQ+iQCVAwUQMiHFjbipmU0fPqylAQGy4QP+LjB6lZXVYFZDpoVB7j8AGvkghSsr
XicZapXPmsFX6xpt+S29EF4DGoDJIDq6VLJMZ2rQ1gFfEvvWzL7ekZ3orhLSpJoO
WWRZF1MNZVWBNhzxBcdK2T6yrx4cBwQX7t299Ho0y1Go69VE9e3LN8YInIXoQYp5
bc4M0u16GqmV5eI=
=5l49
-----END PGP PUBLIC KEY BLOCK-----
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
To unsubscribe from the dcsb list, send a letter to: [email protected]
In the body of the message, write: unsubscribe dcsb
Or, to subscribe, write: subscribe dcsb
If you have questions, write to me at [email protected]
--- end forwarded text
-----------------
Robert Hettinga ([email protected]), Philodox
e$, 44 Farquhar Street, Boston, MA 02131 USA
"The cost of anything is the foregone alternative" -- Walter Johnson
The e$ Home Page: http://www.shipwright.com/rah/
FC97: Anguilla, anyone? http://www.ai/fc97/
"If *you* don't go to FC97, *I* don't go to FC97"