Security Issues of New Innovative Payments and Their Regulatory Challenges

Safari Kasiyanto
Additional contact information
Safari Kasiyanto: Tilburg University

Chapter 7 in Bitcoin and Mobile Payments, 2016, pp 145-179 from Palgrave Macmillan

Abstract: Abstract Kasiyanto discusses how the security issues of m-payments and Bitcoin as new forms of innovative payments challenge the existing EU regulatory frameworks, and whether the proposed regulatory frameworks suffice to address such challenges. The regulatory frameworks Kasiyanto discusses mainly focus on the EU Payment Services Directive and the proposed changes of the directive. To some extent, it also touches upon the proposed directive on network and information security. Firstly, security issues of both systems are scrutinized to highlight their vulnerabilities. Secondly, the existing regulatory frameworks are assessed as to whether they suffice to address the challenges brought by the security vulnerabilities of both systems. Lastly, a final assessment is conducted to seek whether the proposed changes to the frameworks are adequate to address such challenges.

Keywords: Mobile Device; Regulatory Framework; Security Issue; Payment System; European Central Bank (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-1-137-57512-8_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137575128

DOI: 10.1057/978-1-137-57512-8_7

Access Statistics for this chapter

More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().