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 proceedingConference 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 languageEnglish (US)
Title of host publicationInformation Systems - Organizational Systems and Technology
PublisherIEEE Computer Society
Pages254-261
Number of pages8
ISBN (Electronic)0818673249
DOIs
StatePublished - 1996
Externally publishedYes
Event29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States
Duration: Jan 3 1996Jan 6 1996

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume4
ISSN (Print)1530-1605

Conference

Conference29th Hawaii International Conference on System Sciences, HICSS 1996
CountryUnited States
CityWailea
Period1/3/961/6/96

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