The security of online payments through ecommerce services of the Republic of Moldova banks

Abstract

The Banking sector represents a vital component of our nation’s infrastructure. Financial Institutions provide a large scale of products form the large bank institutions to the smallest community banks and credit unions. The rise of financial institutions and its role in our daily life exposes banking sector to increasingly more crises. The banking sector as a part of financial sector is best path to economic prosperity, development, and sustained wealth of nation, this way the banking crises threat national security. E-commerce quickly becomes an instrument of strategic importance for companies. The efficient management of these changes is a condition for the success or failure of the e-commerce. Digitized banking system is a way for companies to survive and to be competitive in a modern economy. JEL: E580, K400, O320, O330