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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.
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
BANKING SERVICES
BANKING SYSTEM
BANKS
CENTRAL BANKS
CLEARING SYSTEMS
CLEARINGHOUSES
COMMERCIAL BANKS
CREDIT RISK
DEBIT CARD
DEPOSITORY
DEPOSITORY INSTITUTIONS
DISINTERMEDIATION
DOMESTIC PAYMENT SYSTEMS
ECONOMIC GROWTH
ELECTRONIC MONEY
ELECTRONIC PAYMENT
ELECTRONICS
FEDERAL RESERVE SYSTEM
FINAL SETTLEMENT
FINANCIAL STABILITY
FOREIGN EXCHANGE
FOREIGN EXCHANGE MARKETS
GROSS SETTLEMENT
GROSS SETTLEMENT SYSTEMS
INFORMATION SERVICES
INFORMATION SYSTEMS
INTEREST RATES
LAWS
LIQUIDITY
MAC
MARKET PARTICIPANTS
MIGRATION
MONETARY POLICY
NET DEBIT CAPS
NET SETTLEMENT
NET SETTLEMENT SYSTEMS
NETTING
NETWORKS
NEW TECHNOLOGIES
NEW TECHNOLOGY
NONBANKS
PAYMENT INSTRUCTIONS
PAYMENT SYSTEMS
REGULATORY FRAMEWORK
RETAIL PAYMENTS
RISK MANAGEMENT
SECURITIES
SETTLEMENT ACCOUNTS
SMART CARD TECHNOLOGY
SMART CARDS MONETARY CIRCULATION
PAYMENTS SYSTEMS
BANKING SYSTEMS
ELECTRONIC INSTRUMENTS
ELECTRONIC FUNDS TRANSFER
RETAIL BANKING
CONSUMER CREDIT
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.

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