Buy custom Electronic Money is Too Soon to Replace Cash
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| Topic: |
English
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| Number of pages / Number of words: |
5 / 1377 |
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1). E-money is stored in electronic form and exchanged electronically. It is stored in an electronic card or an electronic bank. This means that if people want to use E-money in transaction, they can only use electronic money products. For example, Octopus card, Montex and Visa Cash. As “electronic means of payment raise security … concerns†(Mishkin, 2007, p...
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56), when the transaction is made electronically, people will concern on the security of the E-money system. For instance, when inadequate controls occur, then hackers can attack the system successfully and could access, retrieve, and use the confidential information of the customers (Basle Committee on Banking Supervision, 1998, p...
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