Due to advances in communication technologies, on-line businesses are growing exponentially. The introduction of E-cash has brought big changes to the way businesses are being conducted. Electronic payment systems are becoming important to serve consumers faster and at very low cost. In electronic payment systems on-line consumers pay for products and services. It is an anonymous secure electronic cash to be used on the Internet to support online trading between buyers and sellers. Electronic Cash is important concept in electronic payment systems through internet because it combines computerized convenience with security mechanisms. Electronic Cash can be used for making and receiving payments between consumer and merchant or for any money transaction. This paper gives an overview of electronic cash system, components involved in electronic cash system, electronic cash implementation and benefits of using electronic cash system.
