© 1996 by British Computer Society
E-cash: a true revolution in banking
Duncan Brown is the author of Electronic Cash: Opportunities for Banks and IT Suppliers. He is a Senior Consultant at Ovum, Europe's largest IT and telecommunications analyst group. He has wide experience in developing automated payment systems for the financial services industry
Technological revolutions in banking are promised with increasing frequency. The emergence of yet another technology may be dismissed by some as a transient fashion, rather than representing a fundamental shift in the way business is done. Electronic cash (e-cash) does indeed represent such a shift. And it will prove to be anything but transient