Hashemzadeh is teaching RU students about the future of internet banking and commerce.
Anytime money travels over wire is called an electronic transfer.
This saves banks and companies money, since it costs banks 37 cents to process a check compared to 6 cents to make the transaction electronically. Hashemzadeh says one percent of the gross national product is spent on processing checks. This semester is the first time Hashemzadeh's class, Electronic Money, is being offered and he is not aware of any other class of this type being offered in Virginia. Students are required to learn a new e-commerce vocabulary and the language of electronic banking. Keeping with class themes, all of the materials are researched and offered on-line.