Safeguarding Data in Global Electronic Financial Transactions

Assesses the state of play with respect to customer and business concerns for personal data and the response of intermediaries, politicians, and regulators. This title develops an analytical underpinning for potential policy response.

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Once all transactions involved physical assets and physical proximity. The introduction of money, credit, and noncash payment mechanisms allowed many more transactions to take place over time and space, with all types of goods and services exchanged and many more parties playing a role in consumating a transaction. Throughout the evolution of financial transactions, there has been a balancing of risk and convenience in which the collection and retention of personal information has played multiple roles. This important new book assesses the current state of play with respect to customer and business concerns for personal data and the response of intermediaries, politicians, and regulators. It develops an analytical underpinning for potential policy response and evaluates the potential costs and benefits of alternative policy and regulatory strategies to safeguard data in the global electronic financial environment.