Individual Risk Management for Digital Payment Systems

M. Reichenbach, T. Grzebiela, T. Koltzsch and Ingo Pippow ()
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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

Computational Economics from EconWPA

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.

Keywords: Payment Systems; Digital Money (search for similar items in EconPapers)
JEL-codes: C8 (search for similar items in EconPapers)
Date: 2002-04-10
Note: Type of Document - ; prepared on IBM PC ; to print on PDF;
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpco:0204001

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