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Individual Risk Management for Digital Payment Systems

Author

Listed:
  • M. Reichenbach

    (Institute for Computer Sciences & Social Studies - Freiburg)

  • T. Grzebiela

    (Institute for Computer Sciences & Social Studies - Freiburg)

  • T. Koltzsch

    (Institute for Computer Sciences & Social Studies - Freiburg)

  • I. Pippow

    (Institute for Computer Sciences & Social Studies - Freiburg)

Abstract

Despite existing security standards and security technologies, such as secure hardware, gaps between users’ demand for security and the security offered by a payment system can still remain. These security gaps imply risks for users. In this paper, we introduce a framework for the management of those risks. As a result, we present an instrument enabling users to evaluate eventual risks related with digital payment systems and to handle these risks with technical and economic instruments.

Suggested Citation

  • M. Reichenbach & T. Grzebiela & T. Koltzsch & I. Pippow, 2002. "Individual Risk Management for Digital Payment Systems," Computational Economics 0204001, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpco:0204001
    Note: Type of Document - ; prepared on IBM PC ; to print on PDF;
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/comp/papers/0204/0204001.pdf
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    Cited by:

    1. Pippow Ingo & Schoder Detlef, 2002. "The Demand for Stored Value Payment Instruments," Microeconomics 0204002, University Library of Munich, Germany.

    More about this item

    Keywords

    Payment Systems; Digital Money;

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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