Comment on Alternative Monies and the Demand for Media of Exchange
Professors Santomero and Seater have put considerable energy into building and analyzing a carefully crafted mathematical model with a narrow microbanking focus. They explore the representative consumer's willingness to substitute electronic money (which they portray as plastic-based "smart cards" with no nontransactional informational processing or communications usages) for paper-based "traditional money." Their model concerns itself only with what we could call pocket money and "pocket electronic platforms." The question I wish to explore in my remarks is where can we go from here: How can this first-cut model be made to cast more light on the problem of persuading households to dive deeply into electronic banking?
INFLUENCIA DE LAS TARJETAS DE DEBITO SOBRE LA DEMANDA DE EFECTIVO
Within by the electronic money definition, the plastics have a significant place, both the debit cards and the new option, even in the experimental stage known as the electronic purse or prepayment. The advanced technological changes, especially the incor
Security of Electronic Money
The realisation of electronic commerce process is very difficult without appropriate system for electronic payment. Of course it is possible to use some of the conventional payment instruments (e.g. payment cards, bills, payment orders), but these instruments do not fit with requirements for improving the commerce process. The resulting electronic commerce system would have disadvantages inherited from these conventional payment instruments. New electronic payment systems should be developed to satisfy all requirements of electronic commerce. The main idea of most of these systems is to convert conventional money to its electronic equivalent - electronic money.