NetBill

NetBill: E-com

a micropayment system developed at Carnegie Mellon University for purchasing digital goods over the Internet. After the goods are delivered in encrypted form to the purchaser’s computer, the money is debited from the purchaser’s prefunded account and the goods are decrypted for the purchaser’s use.

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NetBill — Provides a means of payment based on using a server that contains both consumer and merchant accounts … IT glossary of terms, acronyms and abbreviations
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