I would propose that we use a very broad definition. Thus, at one end I would include telephone banking, credit cards, ATMs, and direct deposit, all of which are fairly mature and familiar products, but ones that are certainly electronically based. At the other end are stored-value cards and Internet-based stored value products, products that are still mostly in the experimental stage.
For example, the US government’s efforts to implement a conservative policy agenda on immigration, offshoring/outsourcing, trade, tax reform, labor/immigration laws, and financial and business regulation, could potentially shrink external trade, and even derail the global economy’s path to recovery. Closer to home, it could dampen the country’s Overseas Filipino (OF) deployment and remittances. It can also significantly affect our exports, ultimately hurting domestic consumption.