The impact of electronic financial payments on crime

Armey, Laura E.; Lipow, Jonathan; Webb, Natalie J.

doi:10.1016/j.infoecopol.2014.10.002

Cited by 42 publications

(15 citation statements)

References 13 publications

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“…Here, the study adopted another measure of performance (risk exposure to stock market); this practice is not peculiar to this study. The return on equity has been used as a measure of profit by previous studies [26,34,35,37,38]. From the result, the electronic payment platforms considered in this study are consistent to change in measure of dependent variable, as most coefficients for the regressors retained their respective signs (except for ATM which shows a slight reversal in sign in the interaction model).…”

Section: Robustness Checkssupporting

confidence: 52%

“…Meanwhile, the online method will produce more returns to banks and bank shareholders when used alongside all other e-payment platforms, as the coefficient of the interaction model is greater than that of the individual model. Studies with positive impact between the online platform and bank performance through profit include [26,33,37] and studies with negative findings include [35,38]. The reason offered by studies with negative effects is high rates of bank charges which discourage customers to use this method.…”

Section: Impact Assessment Of E-paymentmentioning

confidence: 99%

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E-Payment Technology Effect on Bank Performance in Emerging Economies–Evidence from Nigeria

Mustapha

2018

Journal of Open Innovation: Technology, Market, and Complexity

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The development of the financial sector has been a major growth driver in all economies, especially in emerging economies. Part of the financial innovations in the sector in recent times is the electronic payment system. Several studies in developed countries have substantiated the positive transformation of this financial innovation. This paper therefore contributes to this debate with three research innovations: first, it adopts a new measure of bank performance-the sortino index; second, it relates market risk exposure of banks to electronic payment technologies; and third, it controls for "without effects" of these innovations on bank performance using interacting dummies. Based on the time dimensional and panel least square models, it finds that bank performance increased after the adoption of electronic payment technologies. Finally, its findings show that bank performance contradicts autoregressive and random walk processes and thus implies that investors should not be disturbed about previous bank performances but concerned about current bank resources.

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Section: Robustness Checkssupporting

confidence: 52%

Section: Impact Assessment Of E-paymentmentioning

confidence: 99%

E-Payment Technology Effect on Bank Performance in Emerging Economies–Evidence from Nigeria

Mustapha

2018

Journal of Open Innovation: Technology, Market, and Complexity

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“…In a study conducted by Armey et al (2014) there was put into discussion the hypothesis that electronic payments can reduce crime. The results of the study showed that there is a negative and statistically significant relationship between access to electronic payments and the incidence of events such as robbery or burglary.…”

Section: Literature Reviewmentioning

confidence: 99%

New Tendency of Economic and Financial Crime in the Context of Digital Age. A Literature Review

Brici¹

2022

DIEM: Dubrovnik International Economic Meeting

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This paper wraps together two big concepts. First of them is the economic and financial crime and the second one is the digitalization. Each one of them has its own sub-components. The economic and financial crime can be split in: corruption, shadow economy, money laundering or cybercrime. Also, the digitalization can be explained as being related to smaller components, such as: connectivity, use of internet or digital public services. We tried to identify the relationship between these two concepts. As time goes on, we notice that the classical methods of economic and financial crime are at the same level as they were in the past, but digitalization is increasingly making itself comfortable in the field, which is why these types of crime methods are blooming. The subject provides a long-term research because of the technological development. This literature review study paves the way for more extensive research in the form of an empirical research, in order to statistically identify which phenomenon affects the other and how it is actually happening.

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“…In particular, Armey, Lipow and Webb (2014) investigated the effect of electronic financial payments on crime as a mechanism to increase the secrecy and fouling the trail, due to the electronic nature of means of payment. Cabrera (2015), Drozdov, Drozdova and Gerelyuk (2018) investigated the nature of Bitcoin as a means of crime, as well as the object to which criminal intent is directed.…”

Section: Literature Reviewmentioning

confidence: 99%

Electronic Money and Payments as Means of Committing Crimes

Вознюк

Савченко

Tarasevych

et al. 2020

AJIS

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The article deals with the main problems of criminal characteristics of electronic money and payments as instruments of crime. The article reveals the economic and legal nature of electronic money (e-money). The features of e-money and its relation to electronic payments are identified. It is proved that intensive development of the IT sector results in an increasing replacement of cash by cashless methods of payment, and e-money is required for making payments online. E-money is previously created in all cases where they are stored on an electronic device and are used as means of payment, therefore they significantly reduce the level of abuse against property. Criminals in the real estate leasing sector use it as a tool when they commit cybercrime - a new place that has been transformed into a powerful source using for crime. Particular attention in this article is paid to the criminal characteristics of electronic money as an instrument of crime. Electronic money has been updated to account for a significant number of offending characters, while these crimes operate in free currency from a non-supported market and move to electronic services, they are used, and may be joined by warehouse resources, which require a criminal law level. It also indicates that e-money is being received by its billing service, and then can be exploited by attackers to trick owners who have already participated in their work. Through this process, using e-money and electronic payment is almost legal and covers the concept of legality. It is disclosed that the main complexity in detecting malicious tools creates electronic money, which makes it difficult to track the traces of such crime, which uses its delays in cyber space. The author also reveals an accurate view of electronic money resources, such as what is more likely to be abused, which is an additional element of criminal execution qualification.

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The impact of electronic financial payments on crime

Cited by 42 publications

References 13 publications

E-Payment Technology Effect on Bank Performance in Emerging Economies–Evidence from Nigeria

E-Payment Technology Effect on Bank Performance in Emerging Economies–Evidence from Nigeria

New Tendency of Economic and Financial Crime in the Context of Digital Age. A Literature Review

Electronic Money and Payments as Means of Committing Crimes

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