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?