Title: Curbing economic crime with RFID enabled currency

Authors: Lorne D. Booker, Nick Bontis

Addresses: DeGroote School of Business, McMaster University, Hamilton, Ontario L8S 4M4, Canada. ' DeGroote School of Business, McMaster University, Hamilton, Ontario L8S 4M4, Canada

Abstract: Information and Communication Technologies (ICTs) enable us to conduct business efficiently and effectively on a global scale. At the same time ICTs provide criminals with new capabilities with which to circumvent law enforcement efforts. Consequently, law enforcement agencies need new tools and new capabilities. RFID enabled money (r-money) is one such tool. R-money would make money visible to information systems. In this paper the potential benefits of r-money are presented and some of the societal, technical and governmental issues associated with r-money are discussed.

Keywords: RFID enabled money; radio frequency identification; r-money; currency; electronic money; electronic commerce; ICT; information technology; communications technology; business governance; business ethics; economic crime prevention.

DOI: 10.1504/IJBGE.2010.029553

International Journal of Business Governance and Ethics, 2010 Vol.5 No.1/2, pp.26 - 37

Available online: 30 Nov 2009 *

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