Payment systems such as the Mondex electronic cash system need to overcome the following before being considered successful:

Question

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Payment systems such as the Mondex electronic cash system need to overcome all of the mentioned issues, including security issues, infrastructure issues, consumer acceptance, and business acceptance, to be considered successful. Security issues are a major concern as electronic cash systems deal with sensitive information and require encryption and authentication to avoid fraud and theft. Infrastructure issues are required to establish a network of electronic payment terminals, compatible devices, and communication channels. Consumer acceptance is crucial as users must understand and trust the system, while business acceptance is equally important as merchants must agree to accept the electronic cash and invest in the necessary equipment and training. Hence, all the above issues need to be addressed for an electronic cash system to be successful.

Payment Systems Such as the Mondex Electronic Cash System Need