Changing Face of Money: Will Electric Money Be Adopted in the United States?

by Barbara Ann Good

Overview

Although the cashless society has been predicted for at least twenty years, the new forms of card-based and software based electronic money may prove to be a partial alternative to the current forms of payment. This study examines these emerging electronic money systems and their possible adoption, primarily in the United States.

Product Details

ISBN-13:	9781135717018
Publisher:	Taylor & Francis
Publication date:	01/21/2014
Series:	Financial Sector of the American Economy
Sold by:	Barnes & Noble
Format:	eBook
Pages:	144
File size:	3 MB

About the Author

Barbara Ann Good

Table of Contents

ContentsList of Figures; List of Tables; Preface; 1. Introduction; 2. Money: What it is and How it works; The Importance of Money; Other Views of Money; Is Electronic Money Really Different? Other New Payment Methods; 3. An Overview of Electronic Money-Its Forms and Functions, Standards and Design Issues; History of Smart Cards; Chips vs. Magstripe Cards; Software-based Electronic Money; Standards; Security Issues; The Need for a Dominant Design; Will a Dominant Design Emerge? Conclusions; 4. Innovation, Diffusion, and Electronic Money; Innovation and Diffusion; Rates of Adoption; Lessons to Be Learned; Network Economies; Conclusions; 5. Electronic Money Pilot Programs; The Mondex Pilots; The VisaCash Pilots; PROTON; Europay Clip; The Netherlands Program; Other Pilots and Programs; Closed Systems; Developing Countries; Lessons Learned from the Pilots; 6. Policy and Legal Issues of Electronic Money; Policy and Regulatory Issues; U.S. Current and Proposed Regulations; Basel Committee and theG-10 Proposals; Regulations in the G-10 Countries; Legal Framework Issues; Conclusions; 7. Final Thoughts and Conclusions; Are Americans Different? Payments in the U.S.; The Market for Electronic Money; Introduction of Other Payment Methods; Conclusions; Future Research Efforts; Bibliography; Index.

Editorial Reviews

First presents traditional economic views of money and its functions and examines views on money from disciplines including law, sociology, and anthropology, providing a framework for looking at electronic money based on the various definitions and functions used to study money and monetary systems. Examines the form and functions of both card-based and software-based systems, addressing the history and development of both systems, as well as standards and security issues. Looks at technologies of credit cards, cellular phones, and electronic money systems, and describes major pilots of electronic money systems. Discusses policy and regulatory issues in the US and in the G-10 countries. Author information is not given. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Booknews

"An ideal introduction to current research on "cashless payments"; an extensive bibliography makes the book valuable for researchers." — Choice

From the Publisher