The payment system is a mechanism which enables cash-transfer (electronically) from one account to another regardless the location of the holding branch of each account. An integrated payment system covers all the inter-banking payments in a synchronized and continuous structure, and includes Real Time Gross Settlement System (RTGS), Automatic Clearing House (ACH), and the Scrip less Securities...

This paper studies the role that market structure plays in affecting the diffusion of electronic banking. Electronic banking represents a process innovation since it reduces the cost of performing many types of transactions for banks. However, electronic banking (and electronic commerce more generally) is particular since the full benefits for firms from adoption only accrue once consumers begi...

Electronic commerce demands different security requirements for its many different applications. In the near future one smartcard may be used for many electronic commerce applications, such as payment systems, access to banking services and financial transactions over the Internet. A role and task based security model (R&T model) can ensure a secure access to many different services through an ...

Four major Swiss banks have recently introduced a new financial electronic data interchange (FEDI) service based on UN/EDIFACT and are now trying to convince their corporate customers to migrate from the Swiss banking standard DTA to EDIFACT. So far with little success. Along with the take-up of EDIFACT the banks have not only switched the message standard but also the governance form with resp...

money laundering is a silent crime which crosses international boundaries. modern technology has led to new avenues to disguise the proceeds of crime. the advent of electronic money has meant that tracing the transfer of possibly illicit funds is an extremely difficult if not impossible task. therefore there is a need to take consistent measures against money laundering throughout the world esp...

customers extend robust trust to a business when they believe the business puts their interests first. good experience of banking services and recommendations of other customers can increase trust. loyalty and word of mouth (wom) is accepted as key factors successes of marketing. this paper seeks to discover the affecting factors on positive word of mouth and loyalty based on trust enhancement ...