Internet cash solution
The e-lysium Internet cash solution is a payment system designed to support electronic cash payments over the Internet.
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Windows XP/2000/NT ,
AIX,
Linux,
Solaris/Sun OS
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info@e-lysium.com
(954)987-6900
Additional Product Information
The e-lysium Internet cash solution is a payment system designed to support electronic cash payments over the Internet.
;It allows online merchants to reach a new consumer demographic not accessible to credit card based payments, and will serve as an alternative payment method for emerging markets.
;How it works;A service provider using the e-lysium Internet cash solution creates and manages a partner network of online merchants to accept the issued electronic currency. The service provider can choose a financial institution to hold the consumer accounts and a business partner to process the transactions. The service provider may also develop business agreements with other service networks enabling their consumers to shop anywhere the Internet cash solution is accepted.
;The e-lysium payment solution for consumers is simple.;The consumer:
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- Gains access to the Internet via a browser.;
- Activates their account using a personal identification number (PIN). ;
- Transfers cash to their account and browses an online merchant site. ;
- Select items from the site's catalog or product/service offerings. These items can be:;;
- Pay-per-unit - goods that require shipping such as CD's, books and clothing ;
- Pay-per-view - digital content such as news, pictures, audio and video ;
- Pay-per-time - interactive games, chat and advisory services;;;
- Accesses the Payment Portal by clicking on a branded button.;
- The Payment Portal reveals the consumer's account balance, as well as transaction history, account status and sponsored worldwide web links.;
- The actual purchase process begins when the consumer selects electronic cash as the payment method on the web site shopping cart. ;
- The service provider or a selected business partner then performs the following: ;;
- Authorizes the consumer and debits the account ;
- Credits the merchant's account, and ;
- Distributes fees between partners. ;;;
- Meanwhile, the consumer receives acknowledgement and receipt of services ordered online and content delivery.;Service provider;A service provider is any organization that develops and manages the partner network for the Internet cash solution.;The service provider may be a telecommunications company, Internet service provider, financial institution, online merchant, Internet portal or online bank.;E-lysium is building relationships with service providers to develop and manage the partner networks using the Internet cash solution.
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