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Consequently, it isnot clear that their assurances should be legally credible. Notaries know whether that verifier's unidentified customer is engaged in transactions,and perhaps some information about those transactions. This time, she declares aspublic information that she is a software retailer, so she can avoid certain sales taxes. 4: System dependabilitythe system as a whole should be available to handle transactions at all times, even when there are a large number of customers.

The fact that there is a signature on a certificate should providesome confidence in the correctness of its content but this does not mean that thisinformation is invariably correct.

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A major role of the credit card company here is to provide guarantees for both theconsumer and the trader in respect of the financial obligations of the other. For example, there are notaries that establish the date of a transaction, but nonecan produce a list of all transactions notarized for a given vendor, which is essential.



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These selling web sites are created with a buy button feature to enable product and transaction information to be sent to the separate (but same environment) host merchant server. Some of those currencies will be created for a specific merchant or for groups of merchants to support a loyalty program, like those developed by airlines for frequent flyers. At the same time, smb clients typically cannot afford extensive custom services from the host. This blanket prohibition would denylaw-abiding citizens this convenience.

Unlike many payment systems, pay cash is designed to work if the device sending funds can connect with the recipient through any communications link, or the sender can connect with an agent of the payment system called a payment authorizer that operates on the internet. Table 1 explores the possible implementation scenarios that might be driven by these issues. Add to that the fact that this nascent technology has barely begun to show a profit for its practitioners, and it is clear that in the short term we will continue to see a variety of implementation models being tested and tweaked. The payment already includes a transaction record that has been digitally signed by the sender.


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