Ls. Adams et al., A COMMERCIAL LAWYERS TAKE ON THE ELECTRONIC PURSE - AN ANALYSIS OF COMMERCIAL-LAW ISSUES ASSOCIATED WITH STORED-VALUE CARDS AND ELECTRONIC MONEY, The Business lawyer, 52(2), 1997, pp. 653
The existing legal framework and regulatory apparatus for retail payme
nts seems ill-equipped to deal with an electronic future, if it unfold
s as anticipated. The primary objective of the Task Force's report is
to consider the commercial law that may govern new electronic retail p
ayment media such as stored-value cards and electronic money, and to s
ee whether some tried and true principles of our commercial law may pr
ovide useful building blocks which will facilitate development.