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The electronic purse

Author

Listed:
  • John Wenninger
  • David S. Laster

Abstract

The electronic purse, a new payments instrument offering advantages to both consumers and merchants, may soon replace currency in many routine transactions. Widespread use of the electronic purse could, however, raise concerns about consumer protection and the safety and soundness of the instrument.

Suggested Citation

  • John Wenninger & David S. Laster, 1995. "The electronic purse," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 1(Apr).
  • Handle: RePEc:fip:fednci:y:1995:i:apr:n:v.1no.1
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    Citations

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    Cited by:

    1. Hancock, Diana & Humphrey, David B., 1997. "Payment transactions, instruments, and systems: A survey," Journal of Banking & Finance, Elsevier, vol. 21(11-12), pages 1573-1624, December.
    2. Santomero, Anthony M & Seater, John J, 1996. "Alternative Monies and the Demand for Media of Exchange," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(4), pages 942-960, November.
    3. Hervé Sitruk, 2008. "Monnaie électronique, monnaie fiduciaire et monnaie scripturale. Quelles substitutions ? Quelles stratégies ?," Revue d'Économie Financière, Programme National Persée, vol. 91(1), pages 37-51.
    4. Barbara A. Good, 1997. "Electronic money," Working Paper 9716, Federal Reserve Bank of Cleveland.
    5. Solomon, Elinor Harris, 1999. "What should regulators do about consolidation and electronic money?," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 645-653, February.

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