Reengineering money: The Mondex stored value card and beyond

E. K. Clemons; D. C. Croson; B. W. Weber

doi:10.1109/HICSS.1996.495345

Reengineering money: The Mondex stored value card and beyond

E. K. Clemons, D. C. Croson, B. W. Weber

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

7 Scopus citations

Abstract

Electronic cash systems, such as Mondex, seek to re-engineer cash payments. While the use of cash imposes numerous invisible costs on the economy, numerous invisible security and consumer acceptance issues prevent its immediate replacement. After analyzing the economics of the proposed Mondex electronic cash system, including suggesting sources of gain for multiple channel members, we conclude that the major challenges in the global implementation of electronic currency will be establishing the proper incentives for channel members, regulatory barriers, and gaining critical mass of consumer and merchant acceptance rather than difficulties with technology or network security.

Original language	English (US)
Title of host publication	Information Systems - Organizational Systems and Technology
Publisher	IEEE Computer Society
Pages	254-261
Number of pages	8
ISBN (Electronic)	0818673249
DOIs	https://doi.org/10.1109/HICSS.1996.495345
State	Published - 1996
Externally published	Yes
Event	29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States Duration: Jan 3 1996 → Jan 6 1996

Publication series

Name	Proceedings of the Annual Hawaii International Conference on System Sciences
Volume	4
ISSN (Print)	1530-1605

Conference

Conference	29th Hawaii International Conference on System Sciences, HICSS 1996
Country/Territory	United States
City	Wailea
Period	1/3/96 → 1/6/96

Publisher link

10.1109/HICSS.1996.495345

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Reengineering money: The Mondex stored value card and beyond. / Clemons, E. K.; Croson, D. C.; Weber, B. W.
Information Systems - Organizational Systems and Technology. IEEE Computer Society, 1996. p. 254-261 495345 (Proceedings of the Annual Hawaii International Conference on System Sciences; Vol. 4).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Clemons, EK, Croson, DC & Weber, BW 1996, Reengineering money: The Mondex stored value card and beyond. in Information Systems - Organizational Systems and Technology., 495345, Proceedings of the Annual Hawaii International Conference on System Sciences, vol. 4, IEEE Computer Society, pp. 254-261, 29th Hawaii International Conference on System Sciences, HICSS 1996, Wailea, United States, 1/3/96. https://doi.org/10.1109/HICSS.1996.495345

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Reengineering money: The Mondex stored value card and beyond

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