Digital cash, an idea that helped focus bankers' and regulators' attention on the commercial possibilities of the Internet, has yet to answer many questions about its own viability, a bank technologist said last week.

With most on-line consumer transactions being done by credit card, electronic money alternatives like Mondex or Digicash Inc.'s eCash are "still struggling," Citibank vice president Dan Schutzer told the American Banker Future Money conference in Philadelphia.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.