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shopping cart builder, and e-catalog information: An important benefit of internet payment systems like pay cash is that they make electronic commerce accessible to people who do not have credit cards. ) Moreover, when pure information such as text, software, or music is sold on-line, it can be sold many times, so inventory is meaningless. Off-site content and on-site transaction server—nondatabase storefronts are hosted outside the service provider–hosting environment. If a client seeks a credit card, he or she will expect the card issuer to undertake a numberof checks before they decide whether they will provide a card.

When a user adds or removes money from a pay cash account, she usually reveals personal information. With mail order, buyer and seller know each other's address, so tax jurisdictionsare clear, and perpetrators of fraud and sellers of illegal goods can be traced. Auditors can determine his identity if necessary, but software vendors know only his account number. It would hence bedigital signatures, certificates & electronic commerceversion 1.

To enable this, the customer sends the notary h(t), v, a, and h(t) encrypted with the private key that is associated with account [v,a].

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Moreover, if we are faced with akey of unknown ownership, we may have to access a certification infrastructure to findout more about its ownership. Others are likely to have confidence in a firm accredited by the government,which could further bolster e-commerce, but private companies would be free to useunaccredited firms. Although the consumer benefits from aguarantee against financial loss, they will often wish to trade with a known company andnot another masquerading in their place. At minimum, it would help if product categories were standardized; if twojurisdictions may tax food at different rates, but their definitions of food would be identical.



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