Emerging Payments Occasional Papers Series2003, No. 1-F

Network Vulnerabilities and Risks in the Retail Payment System
Last Updated: 12/01/03

 Changes in retail payments technology will impact the operational risk of commercial banks. This study provides a more in-depth discussion of the ramifications these changes have for bank supervision and policy makers. In addition to operational risk concerns identified by previous researchers, this paper identifies network vulnerabilities as a potential resiliency concern..