By now, almost without exception, every business has an internet presence, and is likely engaged in e-commerce. What … models is presented. Next, is a discussion of risk factors: credit cards; U.S. state money transmission laws; online and … mobile growth; and reliance on internet access. International issues follow, with an examination of anti-money laundering …

This paper provides a new theory for two-sided payment card markets. Adopting payment cards requires consumers and … among heterogeneous consumers and merchants, our theory derives the equilibrium card adoption and usage pattern consistent …