Financial Privacy in a Cashless Society

2019 ◽  
Author(s):  
Stan Sater
Keyword(s):  
Financial Privacy

Payment Instruments, Financial Privacy and Online Purchases

2016 ◽  
Vol 15 (3) ◽  
Author(s):  
Yann Balgobin ◽  
David Bounie ◽  
Martin Quinn ◽  
Patrick Waelbroeck
Keyword(s):  
Monte Carlo ◽  
Markov Chain ◽  
Monte Carlo Model ◽  
Personal Data ◽  
Purchasing Decisions ◽  
Online Purchases ◽  
Econometric Methods ◽  
Internet Users ◽  
Payment Instruments ◽  
Financial Privacy

AbstractThe protection of financial personal data has become a major concern for Internet users in the digital economy. This paper investigates whether the consumers’ use of non-bank payment instruments that preserve financial privacy from banks and relatives may increase their online purchases. We analyze the purchasing decisions and the use of bank and non-bank payment instruments of a representative sample of French Internet consumers in 2015. Using two econometric methods, namely a two-step regression and a Bayesian Markov Chain Monte Carlo model to account for a potential endogeneity problem, we find evidence that the use of a non-bank payment instrument positively influences consumers’ online purchases.

The decline of financial privacy and its costs to society

2017 ◽  
Vol 23 (9) ◽  
pp. 944-954 ◽  
Author(s):  
Kathleen W. Lotmore
Keyword(s):  
Financial Privacy

Designing Evidence-based Disclosures: A Case Study of Financial Privacy Notices

2012 ◽  
Vol 46 (2) ◽  
pp. 204-234 ◽  
Author(s):  
LORETTA GARRISON ◽  
MANOJ HASTAK ◽  
JEANNE M. HOGARTH ◽  
SUSAN KLEIMANN ◽  
ALAN S. LEVY
Keyword(s):  
Evidence Based ◽  
Financial Privacy ◽  
Privacy Notices

Meeting Compliance Requirements While Using Cloud Services

2019 ◽  
pp. 1769-1786
Author(s):  
S. Srinivasan
Keyword(s):  
Health Insurance ◽  
Service Providers ◽  
Cloud Services ◽  
Federal Regulations ◽  
Information Security Management ◽  
Payment Card ◽  
Customer Data ◽  
Sarbanes Oxley ◽  
Compliance Requirements ◽  
Financial Privacy

Compliance with government and industry regulations is an essential part of conducting business in several sectors. Many of the requirements revolve around financial, privacy, or security aspects. Most of the requirements are due to federal regulations in USA while some are industry requirements that are applicable globally. Even some of the federal regulations in USA apply to service providers abroad when they are providing service to entities in USA. In that sense, all of the compliance requirements discussed here apply to a global audience. In this chapter, the authors discuss in detail the scope of the Health Insurance Portability and Accountability Act, Sarbanes-Oxley Act, Federal Information Security Management Act, Gramm-Leach-Bliley Act, Payment Card Industry Requirements, and the Statement on Auditing Standards 70. These compliance requirements concern protecting the customer data stored in the cloud with respect to confidentiality and integrity. Several of these requirements have significant enforcement powers associated with them, and businesses need to take these requirements seriously and comply. The compliance aspect involves gathering and reporting appropriate information on a regular basis. The authors present details on all these aspects in this chapter.

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