This portion of the project will focus directly on the jurisdictional issues that arise with respect to Banking and Payment Systems as a result of electronic commerce within “cyberspace.” Three foundation principles, which are employed generally throughout the work of the Project, are used for identifying the issues addressed in this section:
1. Does
the issue arise because of electronic commerce over the Internet?
2. Is
the issue solely a banking/payment systems issue?
3. Is
the issue a jurisdiction issue?
