Contents Introduction The new economy in the information society creates a new business environment. What is different is that more and more business gets transacted in a computer-mediated environment. Transactions, bill payments, purchasing, reservations (hotels, travel or cinema tickets) are done electronically. A Credit Card is an electronic payment system that is used more than two decades....

In recent years, topics such as fraud detection and fraud prevention have received a lot of attention on the research front, in particular from payment card issuers. The reason for this increase in research activity can be attributed to the huge annual financial losses incurred by card issuers due to fraudulent use of their card products. A successful strategy for dealing with fraud can quite l...

Original equipment manufacturers (OEMs) of retail systems, such as point-of-sale (POS), ATMs and self-service terminals, play a unique role in helping retailers understand and incorporate the latest security technologies. OEM product managers, in particular, are responsible for ensuring the systems they bring to market can protect against security threats and comply with standards bodies, such ...

This doctoral thesis studies consumer payment behavior. We examine what characteristics play a role in the choice of instrument. Besides, we intend to influence consumers’ choice by soft interventions. In a final part we investigate what reasons are of crucial importance for internet banking usage. The thesis consists of three parts, each addressing one of these questions. All data were obtaine...

Why have general-purpose stored-value cards been unsuccessful in penetrating the U.S. market? Three necessary conditions for a payment instrument to be successful are discussed: consumers and merchants need to be convinced of its advantages over existing payment alternatives for at least some types of transactions; payment providers must convince consumers and merchants simultaneously of its be...

This Article explores the relationship between consumer credit markets and bankruptcy policy. In general, I argue that the causative relationships running between borrowing and bankruptcy compel a new strategy for policing the conduct of lenders and borrowers in modern consumer credit markets. The strategy must be sensitive to the role of the credit card in lending markets and must recognize th...