Current Issues in Economics and Finance
The Electronic Purse
April 1995 Volume 1, Number 1
JEL classification: G2, G21

Authors: John Wenninger and David Laster

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.

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