Articulos En Ingles
Páginas: 4 (876 palabras)
Publicado: 20 de noviembre de 2012
INTERNET, CASH AND SECURITY | |
|
Sally Hawksmore |
| Is your money safe
on the Internet? |
Internet shops, banks and software companies are trying to find more ways to make you buy whenyou log on. Now they are offering electronic cash, and e-cash. What are they?
Credit cards and cheques, when used for Internet transactions, are sometimes called electronic cash. But real electroniccash – currency that has no representation in the real world – is a new development and is not yet widespread. How does it work?
You set up an account with a bank and then, when you buy somethingonline, you authorise the transfer of your money from the account to the store. With this method, you don’t have to use a credit card.
Pure e-cash is different to ‘electronic cash’ because you useit just like cash in the real world. You withdraw e-cash from a bank account to your computer, and it is then yours to spend when and how you want. When you use it, the vendor does not need yourcredit card or bank details. When the vendor receives your e-cash, they can put it in their own bank account, or spend it themselves.
Security is a growing worry for those buying over the internet. Willyour personal details be safe? Or will dishonest hackers steal your electronic information, and use it to spend thousands of pounds, dollars or yen at your expense?
It isn’t just the buyers whoneed to be cautious. An online music shop in London, UK, sent a rare and very expensive electric guitar to a Japanese buyer, only to realise too late that the buyer's credit card was stolen.
Manycompanies are working on ways to make internet transactions safer, and now Microsoft and IBM have announced with Visa and Mastercard a standard they call ‘Secure Electronic Transaction’. SET is meant toguarantee secure credit card transactions over the internet.
Some people wonder whether the same attention should be given to real world transactions. ‘You happily hand over your credit card to a...
|
Sally Hawksmore |
| Is your money safe
on the Internet? |
Internet shops, banks and software companies are trying to find more ways to make you buy whenyou log on. Now they are offering electronic cash, and e-cash. What are they?
Credit cards and cheques, when used for Internet transactions, are sometimes called electronic cash. But real electroniccash – currency that has no representation in the real world – is a new development and is not yet widespread. How does it work?
You set up an account with a bank and then, when you buy somethingonline, you authorise the transfer of your money from the account to the store. With this method, you don’t have to use a credit card.
Pure e-cash is different to ‘electronic cash’ because you useit just like cash in the real world. You withdraw e-cash from a bank account to your computer, and it is then yours to spend when and how you want. When you use it, the vendor does not need yourcredit card or bank details. When the vendor receives your e-cash, they can put it in their own bank account, or spend it themselves.
Security is a growing worry for those buying over the internet. Willyour personal details be safe? Or will dishonest hackers steal your electronic information, and use it to spend thousands of pounds, dollars or yen at your expense?
It isn’t just the buyers whoneed to be cautious. An online music shop in London, UK, sent a rare and very expensive electric guitar to a Japanese buyer, only to realise too late that the buyer's credit card was stolen.
Manycompanies are working on ways to make internet transactions safer, and now Microsoft and IBM have announced with Visa and Mastercard a standard they call ‘Secure Electronic Transaction’. SET is meant toguarantee secure credit card transactions over the internet.
Some people wonder whether the same attention should be given to real world transactions. ‘You happily hand over your credit card to a...
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