The Net, Cybermoney, and Credit Risks : New Technologiy, and Payment System Risks

Smart cards, electronic checks, and electronic money alternatives combined with broadly available communications facilities such as the Internet are rapidly increasing the choices for retail payments. They are also increasing the risks. The author...

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Bibliographic Details
Main Author: Minehan, Cathy E.
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/1996/04/441486/netcybermoney-credit-risks-new-technologiy-payment-system-risks
http://hdl.handle.net/10986/11628
Description
Summary:Smart cards, electronic checks, and electronic money alternatives combined with broadly available communications facilities such as the Internet are rapidly increasing the choices for retail payments. They are also increasing the risks. The author reviews the lessons for risk management from the earlier technological changes in the wholesale system.