Enhancing Federal Oversight of Internet Banking Activities : Report to the Chairman, Committee on Banking and Financial Services, House of Representatives
Although the offering of financial products and services over the Internet by banks and financial institutions continues to spread, reports on Internet banking show that the adoption and usage of such services by consumers are low. Further, relatively little empirical research has been carried out to examine factors influencing users' adoption or use of Internet banking services, particularly in New Zealand. Hence, there is a need to identify relevant factors that influence New Zealand's bank customers' intentions to use Internet banking. This research used two commonly applied and empirically supported models of information technology adoption to achieve this objective. In this study, Davis's (1989) technology acceptance model (TAM) is extended by two external variables, namely risk and self-efficacy. The second model used is a reduced version of Moore and Benbasat's (1991) perceived characteristics of innovation (PCI) model, without the image and voluntariness constructs. A questionnaire was used to conducting a postal survey of 1000 individuals in Auckland, New Zealand. Out of 163 responses received 157(15.7%) were usable and with this data both research models were tested.
Although the offering of financial products and services over the Internet by banks and financial institutions continues to spread, reports on Internet banking show that the adoption and usage of such services by consumers are low.
Internet Banking: Law and Practice examines the legal and regulatory issues of Internet banking. Containing a critical analysis of the rules and regulations, it also assesses the practices of the banks providing internet banking services in several jurisdictions like the UK, Australia and Malaysia. For this purpose, the terms and conditions of the banks in those countries are thoroughly examined. The focus of the analysis is on the protection of consumers’ data and apportionment of liability in cases of fraud and systems failure.This work also discusses the very latest legislative developments, especially in the EU and Australia, affecting Internet banking in the UK, outlining such recently enacted law as the Distance Marketing of Consumer Financial Services Directive, Directive 2002/65/EC.
The focus of the analysis is on the protection of consumers' data and apportionment of liability in cases of fraud and systems failure.This work also discusses the very latest legislative developments, especially in the EU and Australia, ...
Hearing Before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, U.S. House of Representatives, One Hundred Sixth Congress, First Session, August 3, 1999
An Investigation of Austrian and Croatian Consumers
This research investigates the role of trust in using Internet banking for bank transfers of Austrian and Croatian consumers. The objective of the research is to provide a better understanding of trust and its influencing factors, but also to gain insights into the role of trust in the Internet and users' cultural background in the adoption of Internet banking for bank transfers. The research sample is consisted of 200 responses, 100 from Austria and 100 from Croatia. Data collection was done through a short survey positioned online through Qualtrics. Constructs used in the research and tested in the survey are Perceived Ease-of-Use, Perceived Usefulness, Customers' Attitude towards using Internet banking, Trust in the Internet, Perceived Security, Intention to use Internet Banking Services and Trust in Internet Banking. This study contributes to the literature by providing valuable information for bank management in communicating Internet banking marketing strategy for Austria and Croatia.
This numbering of accounts set the stage for dramatic changes at the dawn of the digital era . With such fundamental technological and regulatory changes removing barriers to competition , it is not surprising that the banking industry ...
"CBDCs should let central banks provide a universal means of payment for the digital era. At the same time, such currencies must safeguard consumer privacy and maintain the two-tier financial system. The authors set out the economic and operational requirements for a "minimally invasive" design – one that preserves the private sector's primary role in retail payments and financial intermediation – for CBDCs and discuss the implications for the underlying technology. Developments inspired by popular cryptocurrency systems do not meet these requirements. Instead, cash is the model for CBDC design. Showing particular promise are digital banknotes that run on "intermediated" or "hybrid" CBDC architectures, supported with technology to facilitate record-keeping of direct claims on the central bank by private sector entities. Their economic design should emphasise the use of the CBDC as medium of exchange but needs to limit its appeal as a savings vehicle. In the process, a novel trade-off for central banks emerges: they can operate either a complex technical infrastructure or a complex supervisory regime. There are many ways to proceed, but all require central banks to develop substantial technological expertise."--Abstract.
In the process, a novel trade-off for central banks emerges: they can operate either a complex technical infrastructure or a complex supervisory regime.
