1. Impact of E-payment in Curtailing Fraud in Government Agencies
... as money (Sadeghi & Schneider, 2001). Ever since money was invented as an abstract way of representing value, system for making payments have been in place. In the course of time, new and increasingly abstract representations of value were introduced. A corresponding progression of value transfer systems, starting from barter, through bank notes, payment orders, cheques and later credit cards, has finally culminated in electronic payment systems. As ... the transition to electronic payment systems take place, the stock of currency held outside the banking system which constitutes a pote...
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- Grade Level: High School