Money and the Internet: a strange new relationship

Author

Anderson, Howard

Author_Institution

Yankee Group, Boston, MA, USA

Volume

34

Issue

2

fYear

1997

fDate

2/1/1997 12:00:00 AM

Firstpage

74

Lastpage

76

Abstract

Electronic wallets, Internet-driven mail and electronic cash, credit cards that are debit cards capable of being refilled with electronic money that is spendable like pocket change, banks that not only have no branches but exist solely in cyberspace...indeed, we are entering a strange new world. Discount brokers want you to power up your computer, access your portfolio and trade your stocks-all electronically. Brokerage houses want to be your banker and banks want to be your broker. The author sees the electronic money revolution as inevitable, with “e-mail for money” becoming as ubiquitous in the future as e-mail messages are already today

Keywords

EFTS; Internet; bank data processing; credit transactions; debit transactions; electronic mail; electronic trading; investment; technological forecasting; Internet; banks; brokerage houses; credit cards; cyberspace; debit cards; discount brokers; electronic cash; electronic mail; electronic money; electronic trading; electronic wallets; future; investment portfolios; stock trading; Credit cards; Forward contracts; Government; Home computing; Internet; Microcomputers; Online services; Portfolios; Postal services; Silver;

fLanguage

English

Journal_Title

Spectrum, IEEE

Publisher

ieee

ISSN

0018-9235

Type

jour

DOI

10.1109/6.570838

Filename

570838