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The Legal And Regulatory Issues Of Internet Banking And E-MoneyPublished by: ResearchLink Sdn Bhd Published: Feb. 1, 2002 - 61 Pages Table of ContentsNew Technology Requires New Law? Issues of Contract Law Evidence and Burden of Proof Security in Internet Banking Privacy and the Banker's Duty of Confidentiality Distribution of Liability The Basic Structure of E-Money Systems The Future of E-money The Legal Status of E-money and Its Effect on the Money Supply Differing Approaches: U.S vs. E.U The E.U. Electronic Money Institutions Directive AbstractInternet banking or Cyberbanking, while relatively new, promises to be the way consumers, will bank in this new millennium. According to the data by Cybercitizen Finance, of the 58 million Internet user populations in July 1998, some 35 million (60 percent) were conducting some form of financial service activity via the Internet. Of these, over 18.1 million were managing their investments on-line. That was in 1998; by 2005, it is estimated that the total online population will exceed 300 million. In the US as of June 1997, based on information from 185 banks surveyed, the United States General Accounting Office (GAO), "projected rapid growth in online banking over the next year and a half as the number of U.S. banks implementing online systems is expected to increase about fivefold nationwide.Get Full Details About This Report >> |
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