Digital Money: The New Era of Internet Commerce

by Daniel C. Lynch, Leslie Lundquist

Until now, commerce on the Internet has been shackled by the lack of secure transactions. This book offers an executive briefing on this vital topic. Exploring the technical underpinnings of what can and will be done on the Net, it explains the processes, issues and strategic considerations of a variety of approaches to secure transactions, including digital signatures. You'll learn about the pros and cons of each approach so you can decide which is best for your business.

Genres: Business

304 pages, Paperback

First published November 1, 1995

Reviews

[Pradit Pinyopasakul · Rating 4 out of 5]

I was one of the pioneer team who developed the first commercial Internet Service Provider (ISP) in Thailand namely KSC during 1995-2000. The book was first published in 1996 while the Internet was still young. I read this book and another book entitled Presenting Digital Cash and was very exciting with the concept. I led the team to partner with Krung Thai Bank to co-develop the first online credit card payment in Thailand for our first Internet Shopping Mall in Thailand namely GoldSite.com. We used Triple DES mechanism to encrypt our e-commerce transactions over the Internet. At that time, people still had questions about security, but today it has become normal to pay and transfer money over the Internet. I considered points collection and redemption that have been used as a Customer Relationship Management tool until today a kind of digital money as well.

[Nelson Minar · Rating 3 out of 5]

One of several books on how to make a buck on the Internet, focussed in particular on the new technology of digital commerce, what it enables. I think this book is probably better than most, although I haven't sampled the field. The exposition is correct (at least in what I can verify), and gets into enough detail that you can understand what the issues are without becoming overwhelming.
If you've read Schneier then the technical chapter will be too simplistic, but the chapters on economics, social influences, and business plans are great. Chapter 5, "New Business Concepts", was the most valuable for me: exploring what options new technologies make possible. I thought the technotopic vision in the final chapter was a bit facile, but that's just futurist writing. Mostly the book gives a responsible treatment of the implications of moving commerce online. Extra points for addressing concerns about privacy and social equality.

[Neil Dheer]

******