| dc.description.abstract | Abstract
To cope with the development of electronic commerce, financial institutions are implementing e-payment and e-financing systems in order to facilitate the cash flows between trading businesses and their banks. As the domestic notes, including checks, promissory notes, and banker’s acceptances, and etc., serve as payment and credit instruments, to retain these characteristics, e-notes has to establish its legal base and authorities in the computerization decision- making and system design. The initiative of the e-notes is in charge of by the Central Bank of China, and Taiwan Clearing House is responsible for its planning and execution. To ensure its implementability, committees formed by representatives from related official institutions including Ministry of Finance, and financial institutions, business expertise are involved.
This study adopts the research methodology of case study. This paper elaborately describe the discussion, resolution processes of issues such as security and convenience, by means of participating and observing the committee meetings and collecting secondary sources such as meeting minutes. Using the qualitative research methodology, not only can we describe the process of decision-making, the potential implementation problems can also be identified. Our research findings show that the centralized registration and depository system and Electronic Signatures Law and Notes Law are used to ensure the security and the recipient’s rights. E-checks also retain the functions of payment, credit, and financing to provide the convenience anticipated by the potential users. Since there are various government-driven electronization initiatives, our research findings will be helpful for government’s dceision-making in the future, and also help the academics, practitioners, and potential users of e-notes understand the decision process and the rationales of these decisions so as to promote its adoption and execution. | en_US |