contrat monétique

English translation: e-payment contract

French term or phrase:contrat monétique
English translation:e-payment contract
Entered by: Charlotte Allen

17:36 Apr 15, 2005
French to English translations [PRO]
Bus/Financial - Business/Commerce (general) / French Bank memo
French term or phrase: contrat monétique
"Avantages tarifaires

Exonération des frais de mise en opposition des moyens de paiement Banque ABC (cartes faisant partie du même contrat monétique que la carte rattachée à [product X]; chèques et avis de prélèvement adossés au compte courant support de la cotisation [product X]).

Réduction tarifaire de 8 EUR sur les cartes de paiement supplémentaires (autres que celle incluse dans [product X]) faisant partie du même contrat monétique que la carte rattachée à [product X]. Les cartes éligibles sont la Carte Bleue Nationale, la Carte Bleue VISA, la carte MasterCard, la Carte VISA PREMIER et la carte Gold MasterCard."

I have looked at previous KudoZ answers for 'monétique', which appears to mean e-money, e-banking or automated money transfers. However, what is the sense of it when combined with 'contrat'? Obviously French uses 'contrat' where we might use another word (e.g. insurance POLICY), so could that be the case here?

The context is obviously banking - this is discussing account 'packages', where the account holder signs up to a package of services (Product X) on his/her account, including a bank card, card and cheque book insurance, etc.

Any suggestions warmly welcomed. Especially as it's Friday night and any sane translator has clocked off for the weekend....
Charlotte Allen
United Kingdom
Local time: 19:25
payment contract
Explanation: the sense that "monetique" has to do with "paying the money" that the card holder has contracted to pay by using the card....
Selected response from:

Bruce Berger
Local time: 20:25
Grading comment
Colleague confirmed that 'e-payment contract' would be most appropriate here, and your answer is closest, so you can have the points.
4 KudoZ points were awarded for this answer

Summary of answers provided
5e-monetary contract
Lillian van den Broeck
4e-money contract
Jane Lamb-Ruiz (X)
3payment contract
Bruce Berger

Discussion entries: 1



34 mins   confidence: Answerer confidence 5/5
contrat monétique
e-monetary contract

just a possibility,
lucid regards from Mexico City noon-time!!!

Lillian van den Broeck
Native speaker of: Spanish
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51 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
contrat monétique
e-money contract

Rough Guide to E Money :: ... These have been developed by practices to make the contract easier to comply with and are copied onto the website for ... - 29k - Cached - Similar pages

1.1a2, Vereniging voor elektronisch geld instellingen in Nederland ...... Earthport wins Wanadoo e-money contract Finextra reports that Internet Service Provider Wanadoo is to use e-wallet software from Earthport to create a ... - 14k - Apr 14, 2005 - Cached - Similar pages

68Caliber.Com - E-Money back on the air?... Anyways, apparently E-Money has been busy in the off-season negotiating a new contract with a new radio station. The Talk of the Inland Empire, ... - 21k - Cached - Similar pages

eMoney Monthly Ezine Archives... bluster and posturing (on both sides)... the contract got signed. ... Copyright ©, 2003 eMoney Enterprises, LLC. All Rights Reserved. - 11k - Cached - Similar pages

National Writers Union on E-Money

Note added at 54 mins (2005-04-15 18:31:47 GMT)

AKA: Digital Cash...

How is electronic money (e-money) possible?
A: ***Public-key cryptography and digital signatures (both blind and non-blind signatures) make e-money possible. It would take too long to go into detail how public-key cryptography and digital signatures work. But the basic gist is that banks and customers would have public-key encryption keys. Public-key encryption keys come in pairs. A private key known only to the owner, and a public key, made available to everyone. Whatever the private key encrypts, the public key can decrypt, and vice verse. ****

Banks and customers use their keys to encrypt (for security) and sign (for identification) blocks of digital data that represent money orders. A bank \"signs\" money orders using its private key and customers and merchants verify the signed money orders using the bank\'s widely published public key. Customers sign deposits and withdraws using their private key and the bank uses the customer\'s public key to verify the signed withdraws and deposits.

Q: Are there different kinds of e-money?
A: Yes. In general, ***there are two distinct types of e-money: identified e-money and anonymous e-money (also known as digital cash)***. Identified e-money contains information revealing the identity of the person who originally withdrew the money from the bank. Also, in much the same manner as credit cards, identified e-money enables the bank to track the money as it moves through the economy. Anonymous e-money works just like real paper cash. Once anonymous e-money is withdrawn from an account, it can be spent or given away without leaving a transaction trail. You create anonymous e-money by using blind signatures rather than non-blind signatures.

[To better understand blind signatures and their use with e-money, I highly recommend reading chapters 1 - 6 of Bruce Schneier\'s book Applied Cryptography. It is quit e readable, even to the layman He doesn\'t get into the heavy-duty math until later in the book. Bruce does a very good job of describing the wide variety of interesting things you can do when you combine computers, networks, and cryptography.]

There are two varieties of each type of e-money: online e-money and offline e-money.

Online means you need to interact with a bank (via modem or network) to conduct a transaction with a third party. Offline means you can conduct a transaction without having to directly involve a bank. Offline anonymous e-money (true digital cash) is the most complex form of e-money because of the double-spending problem.

Q:What is the double-spending problem?
A: Since e-money is just a bunch of bits, a piece of e-money is very easy to duplicate. Since the copy is indistinguishable from the original you might think that counterfeiting would be impossible to detect. A trivial e-money system would allow me to copy of a piece of e-money and spend both copies. I could become a millionaire in a matter of a few minutes. Obviously, real e-money systems must be able to prevent or detect double spending.

Online e-money systems prevent double spending by requiring merchants to contact the bank\'s computer with every sale. The bank computer maintains a database of all the spent pieces of e-money and can easily indicate to the merchant if a given piece of e-money is still spendable. If the bank computer says the e-money has already been spent, the merchant refuses the sale. This is very similar to the way merchants currently verify credit cards at the point of sale.

Offline e-money systems detect double spending in a couple of different ways. One way is to create a special smart card containing a tamper-proof chip called an Observer (in some systems). Te Observer chip keeps a mini database of all the pieces of e-money spent by that smart card. If the owner of the smart card attempts to copy some e-money and spend it twice, the imbedded Observer chip would detect the attempt and would not allow the transaction. Since the Observer chip is tamper-proof, the owner cannot erase the mini-database without permanently damaging the smart card.

The other way offline e-money systems handle double spending is to structure the e-money and cryptographic protocols to reveal the identity of the double spender by the time the piece of e-money makes it back to the bank. If users of the offline e-money know they will get caught, the incidence of double spending will be minimized (in theory). The advantage of these kinds of offline systems is that they don\'t require special tamper-proof chips. The entire system can be written in software and can run on ordinary PCs or cheap smart cards.

It is easy to construct this kind of offline system for identified e-money. Identified offline e-money systems can accumulate the complete path the e-money made through the economy. The identified e-money \"grows\" each time it is spent. The particulars of each transaction are appended to the piece of e-money and travel with it as it moves from person to person, merchant to vender. When the e-money is finally deposited, the bank checks its database to see if the piece of e-money was double spent. If the e-money was copied and spent more than once, it will eventually appear twice in the \"spent\" database. The bank uses the transaction trails to identify the double spender.

Offline anonymous e-money (sans Observer chip) also grows with each transaction, but the information that is accumulated is of a different nature. The result is the same however. When the anonymous e-money reaches the bank, the bank will be able to examine it\'s database and determine if the e-money was double spent. The information accumulated along the way will identify the double spender.

The big difference between offline anonymous e-money and offline identified e-money is that the information accumulated with anonymous e-money will only reveal the transaction trail if the e-money is double spent. If the anonymous e-money is not double spent, the bank can not determine the identity of the original spender nor can it reconstruct the path the e-money took through the economy.

With identified e-money, both offline or online, the bank can always reconstruct the path the e-money took through the economy. The bank will know what everyone bought, where they bought it, when they bought it, and how much they paid. And what the bank knows, the IRS (Internal Revenue Service - the US tax agency) knows.

By the way, did you declare that $20 bill your Grandmother gave you for your birthday? You didn\'t? Well, you won\'t have to worry about forgetting those sorts of things when everybody is using fully identified e-money. As a matter of fact, you won\'t even have to worry about filing a tax return. The IRS will just send you a bill.

Q: Where can I learn more about electronic money?

The book Schneier, Bruce. Applied cryptography: protocols, algorithms, and source code. New York: Wiley, 1996 ISBN 0-471-12845-7 (hardback) or 0-471-11709-9 (paperback).

Jane Lamb-Ruiz (X)
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 441
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5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
contrat monétique
payment contract

Explanation: the sense that "monetique" has to do with "paying the money" that the card holder has contracted to pay by using the card....

Bruce Berger
Local time: 20:25
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 31
Grading comment
Colleague confirmed that 'e-payment contract' would be most appropriate here, and your answer is closest, so you can have the points.
Login to enter a peer comment (or grade)

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