There are high partitions
What it basically comes down to is what the central banks queue management system now own do in terms of the security of their banknotes against counterfeiting, the banks now must do when the editing by themselves of electronic banknotes, and that the central bank, from the overall responsibility for the safety and reliability of payments, to ensure there.
The foregoing applies both chip for money for Internet money. In practice, the Dutch Central Bank submits therefore all chip projects Netherlands to a review, at least if it is determined queue management system that it is something other than advance by providing the issuer goods or services. A parking ticket or a telephone is therefore not covered, but the smart card and the chipper though.
Involvement is in queue management
DNB then first checks whether it is a bank, and then or the entire system from organization to security meets high standards an aspect that I do not want to leave unmentioned here, just because it amply in previous lectures has been discussed, dealing with cards. Our principle only the payment function. If there are other features on the map are present identification, medical records, we would of course be sure have argued that between the payment function on the one hand and the other functions on the other hand. There too we key so on.
I had it before on chip card projects, queue management concept the same goes for purses or its similar projects. That have not yet arisen in the Netherlands, but it is in The reason that these are analyzed in the same way. We are, moreover, it aware, as in previous lectures already indicated ability in the case of Internet applications is more difficult than in chip queue management concept cards and international coordination. That international coordination applies in Increasingly, in all cases.
The movement across borders has such magnitude assumed that the borders as it were wearing away. It is partly for this reason that all in it was said by the joint European central bank governors chip money just by banks may be issued and that, furthermore, to the security aspect. For Internet or network money signs a similar position down. Also in G context, attention is paid to this topic from different angles in recent times there are very readable reports appeared.
Large attention should be paid
I close this part of my story with the observation that the rise of Electronic money queue management concept is something that clearly gets the attention of central banks. Attention is first and foremost motivated by the responsibility that the central banks traditionally have safety and reliability queue management system of payment systems. Long ago has that been as content that the central banks of the issue itself banknotes cared. Later went commercial banks with editing deal of money, which the responsibility of the central banks now also form had to get out of control in other settings.
When electronic money is not different, although the contents of the queue management control does now not only concentrates mainly on the solvency of the issuer liquidity and solvency, but also on the properties of the issued payment itself.
