A dual consent approach for payments

R.J. Berndsen, D. Oudheusden

Research output: Contribution to journalArticleScientificpeer-review

Abstract

This paper looks at payments where, due to a lack of trust between buyer and seller, it is beneficial to involve a guarantor for payments. We argue that this guarantor should obtain consent from both the buyer and the bank of the buyer (a dual consent approach). We recommend that such a dual consent approach becomes a minimal regulatory requirement for a large variety of payment methods.
Original languageEnglish
Pages (from-to)45-61
JournalThe Journal of Financial Market Infrastructures
Volume1
Issue number2
Publication statusPublished - 2013

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