• What is electronic cash?
• Contractual basis
  • Role model
    • Cardholder
    • Issuing bank
    • Merchant bank
    • Merchant
    • Network provider
    • Authorisation system
  • Contractual relationships
  • Payment system fees
  • Participation
  • Approval scheme (PDF)
• Technical characteristics
• Data & Facts
• Links
• Downloads

Contractual basis of the electronic cash system

Role model

The electronic cash system is based upon a role model, comprising the entire value chain of POS-transactions. Basically, the following roles can be distinguished:

• Cardholder
• Issuing bank
• Merchant bank
• Merchant
• Network provider (technical service provider for provision and operation of POS-terminals)
• Authorisation system (technical service provider of the issuing bank for authorisation services)