The Design of E-Traveler's Check with Efficiency and Mutual Authentication

[[abstract]]Nowadays, traveling has become a popular leisure activity in our daily lives. Travelers can either use cash or credit cards to pay their bills. However, there is risk of cash being robbed or credit cards being copied. The traveler's check, which is a third choice, comes in to get travelers around such risks and to protect their rights. Nevertheless, traditional travelers' checks cannot keep imposters from forging and cashing them illegally. Hence, we propose a new type of check, called the e-traveler's check, to preserve the rights of holders of e-traveler's check and to prevent the check-issuing banks from being damaged

Regulating Electronic Money in Small-Value Payment Systems: Telecommunications Law as a Regulatory Model

A smart card, or stored value card, is a credit card-sized payment mechanism with an embedded integrated circuit chip. Current technology allows value to be placed on the card through an ATM terminal, a telephone equipped with a card reader, or a personal computer equipped with a card reader. The suitability of the card for small-value, high-volume transactions indicates that stored value cards could, to a large extent, replace currency transactions. Existing laws are not tailored to deal with the nature of transactions involving stored value cards, nor do they address nonbank card issuers. The integration of telecommunications and financial services strains traditional regulatory practices in both areas. Regulation of electronic money should be structured to eliminate barriers to competition and allow for innovation while creating a level playing field for both financial and nonfinancial issuers

Study Of Electronic Cash: Its Impact On The Economy And Society, And Its Future

Technological advancement has introduced an electronic method for the payment for goods and services. With these advancements and the growth of the internet, the market-place of the world has become one universe without borders. This paper examines the various methods of electronic payment for goods and services and the domestic and international laws that govern their operations. The paper explores concerns about money laundering, counterfeiting, internet security, cyber scams in electronic cash as well as proffered security solutions to these problems. The paper concludes with the proposition that electronic cash in the form of cards (ATM) are more accessible to the masses as compared to electronic cash based on PCs and the Internet

Electronic Payment Systems Observatory (ePSO). Newsletter Issues 9-15

Abstract not availableJRC.J-Institute for Prospective Technological Studies (Seville