IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2011v5i2p161-168.html
   My bibliography  Save this article

Ensuring trust in electronic payment media

Author

Listed:
  • Heikkinen, Päivi
  • Iivarinen, Timo

Abstract

The currently dominant payment instruments do not meet the requirements of new technolo­gical environments such as the internet or mobile. Recognising the importance of efficient and safe electronic payments such as card payments, internet payments or e-banking, it is important that public trust in these payment instruments is retained. There is a lack of consistent data on electronic payments fraud, but already the reported losses are huge. This paper highlights the difference between the direct, indirect and social costs of payment fraud and calls for a more holistic approach to security in payment instrument design. The payment industry has done a lot, but it should do even better and make use of customer-specific parameters and take a stronger role in the whole payment processing chain.

Suggested Citation

  • Heikkinen, Päivi & Iivarinen, Timo, 2011. "Ensuring trust in electronic payment media," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 5(2), pages 161-168, June.
    • Handle: RePEc:aza:jpss00:y:2011:v:5:i:2:p:161-168
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/1298/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/1298/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    electronic payments; payment fraud;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2011:v:5:i:2:p:161-168. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.