Cash-like payments in electronic commerce and at the traditional point of sale are expected to be beneficial, e.g., because of privacy protection, low transaction costs, and irrevocability. Therefore, we discuss how to design electronic cash in a way that it both mirrors the most important characteristics of traditional cash, but also fulfils the expectations which arise towards electronic mean...

This research paper should not be reported as representing the views of the IMF. The views expressed in this paper are those of the author only and do not necessarily reflect those of the IMF or IMF policy. This study aims to contribute to providing guidance in the appropriate treatment of publicprivate partnership (PPP) assets within the Government Finance Statistics Manual (GFSM) 2001 framewo...

Online retail sites vary in terms of payment processes that consumers encounter. Little is known about how different implementations of payment processes affect consumers. Through the lens of mental accounting research, we theorize and empirically find that implementation characteristics of usability, feedback, and rehearsal affect consumer recall of past expenses and future impulse purchase de...

Along with the exponential increase in online business transactions, the online payment system has gained in popularity because vendors and creditors realize its growing importance as a foundation to improve their information infrastructure and to achieve “paperless” operating efficiency. However, due to per se different characteristics among customers and Web-systems, both sides’ perspectives ...

On June 18, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Electronic Commerce Payments Council (eCPC) of the Electronic Funds Transfer Association co-hosted a workshop forum to explore areas of mutual interest related to the proliferation of e-commerce payments. This was the second event jointly sponsored by the groups. The first forum, “The Future of e-Comm...

Digital content transactions through e-commerce will grow tremendous in the coming years. Welldesigned electronic payment schemes and high-quality digital contents are two critical successful factors. This paper proposes an incentive-based electronic payment scheme, which can ensure both important properties of fair exchange and customer anonymity in e-commerce transactions and enhance authors’...