A generic term used to describe the electronic cash or digital currency used in cyberspace. There are several companies working to develop solutions for online payment processes. For example, one such technology allows items to be purchased by credit card, debit card, or check, providing secure online transactions and processing. Another company is working to provide software solutions that extend physical-world payment methods into the virtual world, enabling businesses to offer a variety of secure, private, and easy-to-use electronic payment options. These solutions include person-to-person (P2P), business-to-consumer (B2C), business-to-business (B2B), debit, prepaid, and mobile payments. The software solutions also enable merchant-specific payment options, including electronic gift certificates and customer loyalty points. There is also the notion of sending a check to a bank that in turn sends you software for access to an online account. From there, you draw funds to your hard drive for use when purchasing goods and services on the Internet. By using public key cryptography, this scheme combines computerized convenience with security and privacy-improving on paper cash (which some pundits believe will eventually become obsolete).