The present invention relates to an electronic purse data carrier for
performing monetary transactions and a method for managing electronic
payments with such a carrier. The purse stores one or more payment units
each having a respective monetary value, whereby each of said payment
units has a respective unique payment unit-ID and comprises an age
information evaluable for delimiting the use of it. In particular said
information defines a dynamically changing age level. This can be used to
force purse owners to return each electronic monetary unit back to the
issuing party after a specified cycle measured in time or transactions
has passed in order to validate the authenticy, and in particular in
order to test for possibly duplicated monetary units.