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ELECTRONIC CHECKING: Since eBay's inception, several companies have marketed a variety of electronic payment services.
"High-denomination notes are arguably an anachronism in a modern economy given the availability and effectiveness of electronic payment alternatives.
cases against China for duties it slapped on American steel and its discrimination against American suppliers of electronic payment services.
The wire fraud charge is related to the "receipt of electronic payment for inadequate and nonspecification work it knowingly performed on the contracts".
Most countries have regulations which require the storage of electronic payment information for a certain period of time as an anti-fraud measure.
In the United States, research suggests that the spread of electronic payment technologies is steadily reducing the share of payments made in cash.
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More businesses -- from cellphone services to newspapers to mortgage lenders -- are realizing the financial benefits of electronic payments.
Concord EFS said it would issue 24.8 million shares for Star Systems, based in Maitland, Fla., a processor of electronic payments.
Even the financial industry, which has promoted the spread of electronic payments, has moved away from grand predictions.
First Data Corp., Greenwood Village, Colo., a processor of electronic payments, to Ten United, Columbus, Ohio, as agency of record on its account, which had been handled by Eisner Communications, Baltimore.
But in an age of electronic payments and concern about the anonymity cash provides, many experts would like to see the notes scrapped.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com