PRSENTATION ON

TOKEN BASED E-PAYMENT

GUIDED BY:- PRESENTED BY:

ANKITA MISHRA
MRS. VAISHALI MAHESHWARI
ANJALI MANTRI
MITESH JOSHI
 INTRODUCTION
Electronic tokens or digital tokens are
designed as electronic analogs of
various forms of payment backed by
a bank or financial institution . Simply
stated, electronic tokens are
equivalent cash backed by the bank.
TYPES OF TOKEN BASED
E-PAYMENT
Digital token based e-payments can be done
through following ways:-
1. Electronic cash (e.g. Digi cash)
2. Electronic cheque (e.g. Net cheque)
3. Smart cards or Debit cards (e.g. Mondex
electronic currency card)
1. ELECTRONIC CASH (DIGI CASH)

 Essentially, digital cash mimics the

functionality of the paper cash.
 Digital cash is payment message bearing a
digital signature which functions as a medium
of exchange or store of value.
 It combines computerized convenience with
security and privacy.
PROERTIES OF DIGITAL CASH

 Monetary value
 Security
 Anonymous
 Portable
 User Friendly
 HOW DOES DIGITAL CASH
WORKS?

ISS
BANK
D UE
IG O
CA ITA F
SH L

PA FO SK

NT
A
YM R
-E
PERSO PERSO
SEND DIGITAL N
NA
CASH B
 2.ELECTRONIC CHEQUE
 Electronic cheque are the electronic version
of paper cheque used to conduct transactions
over the internet.
 Electronic cheque are design to
accommodate the many individuals and
entities that might prefer to pay on credit or
through some mechanism other than cash.
 ADVANTAGE OF E-CHEQUE
 Reduce processing cost:- cost to process a cheque
electronically generally lower than credit cards.
 Reduce billing cost:- Less need for invoicing and
lower cost of account receivable administration.
 Receive deposits sooner:- Deposit funds nearly
twice as fast as paper-based cheque processing.
 Increase sales:- Convert sales that would otherwise
lost.
HOW DOES E-CHEQUE WORKS?

FORWARD CHEQUE
PAYER FOR PAYER ACCOUNTI

BAN
AUTHENTICATION
NG SERVER
TRANSFER
PAYE
ELECTRONIC
CHEQUE E
DEPOSIT
CHEQUE K
 3.SMART CARDS or DEBIT CARDS
(mondex electronic currency card)
• A smart card is small device which contains a
tiny integrated chip between layer of plastic.
• The chip can store significantly greater
amount of data, estimated to be 80 times
more than a magnetic stripe.
• Smart card forms the basis for the mondex
system.
ADVANTAGES OF MONDEX SYSTEM

• Mondex was developed to replicate the

physical cash and thus to constitute the
alternatives to notes and coins.
• It can provide portability and ease of access.
• It is programmable & can store frequently
changing data.
• They can resist to tampering.
• They can be reloaded with value.
 HOW DOES MONDEX SYSTEM
WORKS?

BANK CONSUM
E-CASH ER PURCHASE RETAILE
A UNIT
ISSUED
R

PAYMENT

BANK E-CASH EMPLOYE WHOL

B
REDEEMED
E
WAGES
E-
SALER
THANK YOU