FinanceAdvisor

Yang Cheng Tong, (Chinese) 羊城通 is a contactless rechargeable stored value smartcard designed for paying the travel fares in the bus, taxi, metro and ferry in Guangzhou, China and surrounding prefecture-level cities namely Foshan, Huadu, Zengcheng and Panyu. continued…

Wireless point of sale (wireless POS or WPOS) is the use of wireless devices to facilitate payment for products or services. As a rule, a wireless point of sale system consists of a base station directly connected to a central server computer and one or more handheld devices (PDAs) that communicate wirelessly. continued…

A wire transfer is an electronic transfer of funds. Wire transfers can be done by a simple bank account transfer, or by a transfer of cash at a cash office. continued…

White Label ATMs in Canada provides alternative source of cash depensing vis-à-vis traditional automatic teller machine (ATMs) from banks.

In Canada, the major financial instituitions have their own branded ATMs located throughout the country. These ATMs promimently display the logo of the banks. continued…

WebMoney is an electronic money and online payment system (transactions are conducted through WebMoney Transfer). It was founded in 1998 in Russia, and originally targeted mainly Russian clients, but is now used world-wide. The company claims to have more than 2 million users. continued…

VCL (Voluntary Collective Licensing) is a theoretical solution for the problem of software piracy that would harness the power of file sharing technologies. The idea is to make file sharing networks subscribe-only for a small fee and then distribute the collected money among the artists based on the popularity of their work. It is endorsed by the EFF and Downhill Battle. continued…

Visa Cash is a smart card electronic cash system owned by VISA.

Trialled in various locations Worldwide (including Leeds, UK in 1997), the system works via a ‘chip’ embedded in a bank card, and looks similar to the so-called ‘Chip and PIN’ cards issued in inter alia France and the UK. continued…

Upass is a pre-paid card for transportation system in Seoul and its suburbs. This card is issued by Seoul Metropolitan Bus Operater Association and eB Card. Its parent-generation card is Seoul Transportation Card, a world-first commercial-used pre-paid RF card for transportation (first used in June, continued…

Ukash is a payment system launched in the United Kingdom and other countries in Europe. People can pre-pay for items online using “Ukash” which can be purchased at many shops. continued…

A traveler’s cheque (also traveller’s cheque or traveler’s check) is a preprinted, fixed-amount cheque designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer (usually a bank) for that privilege. continued…