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E-money: the ECB's perspective

E-money: the ECB's perspective

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The 'Electronic Money System Security Objectives' (EMSSO) report presents the expectations of the Eurosystem with regard to the technical security of e-money schemes.

The report contains a general description of e-money schemes, a comprehensive risk/threat analysis and a list of security objectives that should be met by digital cash operators in order to cover these risks/threats.
The EMSSO report is a follow-up to the ECB's 1998 'Report on Electronic Money' which defined a common policy with regard to electronic money and established a set of general requirements that electronic money schemes should fulfil.
The ECB says the security objectives set out in the EMSSO report will be used to assess the overall reliability and technical security of e-money schemes, and should increase public confidence in these systems.
It has been redrafted to accomodate comments received during a six-month public consultation between March and September 2002.

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