scholarly journals Money Laundering Techniques with Electronic Payment Systems

2006 ◽  
Vol 18 ◽  
pp. 27-47 ◽  
Author(s):  
Krzysztof Woda
Keyword(s):  
Money Laundering ◽  
Electronic Payment ◽  
Payment Systems

scholarly journals Cashless Economy in India: Challenges Ahead

2020 ◽  
Vol 8 (1) ◽  
pp. 21-30
Author(s):  
Aslam Hasan ◽  
Mohammed Atif Aman ◽  
Mohd Ashraf Ali
Keyword(s):  
Money Laundering ◽  
Central Government ◽  
Online Banking ◽  
Electronic Payment ◽  
Payment Systems ◽  
New Era ◽  
Digital Money ◽  
The Way

In an attempt to curb-out black money, money laundering, and to have a sound economy, the central government of India has embarked on the cashless economy. It is the birth of a new era in the nation with life with digital money. This paper is going to conceptualize the meaning of a cashless system, explains online banking techniques in India, schemes by government to spread the cashless system in India and highlights the challenges of the cashless economy and electronic payment systems. The objective of this study is to examine the significant challenges that are faced by Indians on the way towards cashless. To achieve the objectives of this exploratory type of personal study, interviews will be conducted.

The Analysis of Money Laundering Techniq

2011 ◽  
pp. 138-145
Author(s):  
Krzysztof Woda
Keyword(s):  
Money Laundering ◽  
Single Phase ◽  
Mobile Payment ◽  
Electronic Payment ◽  
Multistage Process ◽  
Payment Systems ◽  
Terrorism Financing

There exist many connections between money laundering and terrorism financing concerning illicit practices for fundraising, transfer or withdrawal of funds. The characteristic multistage process of money laundering is also typical for the terrorism financing and often contains a series of transactions in order to conceal the origin or disposition of money. The purpose of this article is the analysis of the best suited techniques of money laundering for terrorism financing using electronic payment systems (like transfers, mobile payment systems or virtual gold currencies). Furthermore, the suitability of payment systems for conducting secret transactions for terrorism financing will be analyzed regarding the realization of a single phase of money laundering.

DEVELOPMENT OF ELECTRONIC PAYMENT SYSTEMS IN A PANDEMIC: ANALYSIS OF THE STATE AND FIRECASTING THE CONSEQUENCES

2021 ◽  
Vol 1 (5) ◽  
pp. 112-117
Author(s):  
V. V. TADTAEVA ◽  
◽  
B. E. BAGAEV ◽  
A. A. BESAEVA ◽  
A. E. KALMANOVA ◽  
...  
Keyword(s):  
The State ◽  
Economic Life ◽  
Modern World ◽  
Electronic Payment ◽  
Payment Systems ◽  
Electronic Money

Money is an integral part of the economic life of society. Payments are made both in cash and in non-cash form. During the COVID-19 epidemic, the use of electronic payment systems became the most profitable. The article examines the role of electronic money in the modern world in the context of a pandemic. Is given a rating of e-payment systems in Russia for 9 months. 2020.

scholarly journals CURRENT STATE OF THE UKRAINIAN MARKET OF ELECTRONIC PAYMENT SYSTEMS

2021 ◽  
pp. 118-128
Author(s):  
Tetiana ZATONATSKA ◽  
Olena VOLVACH
Keyword(s):  
Future Research ◽  
Electronic Payment ◽  
Payment Systems ◽  
Development Trends ◽  
Current State ◽  
The World ◽  
The Impact

Introduction. Today, almost the only industry in the country that Ukraine can really be proud of and which is considered one of the most technologically advanced in the world is the development of card technologies, payment technologies and card infrastructure. The purpose of the article is to analyze the current state of electronic payment systems in Ukraine and highlight development trends. Results. The modern fintech directions in Ukraine are analyzed and examples of the impact of COVID-19 on the market of electronic payment systems for the last period are given. A number of trends are highlighted for further research in the field of electronic payment systems, which are now quite promising. Perspectives. Given the significant increase in non-cash payments, the problem of developing financial technologies and spreading awareness among the population has become especially urgent. It is necessary to improve not only the financial technologies themselves, but also the ways of providing them to clients and promoting modern financial technologies. Electronic payment systems can still be considered one of the most promising areas for future research.

scholarly journals Liability in the field of digital payment systems and cryptocurrencies: mission is (im)possible?

2021 ◽  
Vol 10 (42) ◽  
pp. 186-195
Author(s):  
Liydmyla Panova ◽  
Siuzanna Tsurkanu ◽  
Oleh Synieokyi ◽  
Zoriana Dilna ◽  
Ivan Prymachenko
Keyword(s):  
Legal Status ◽  
Criminal Liability ◽  
Criminal Activity ◽  
Legal Regulation ◽  
Electronic Payment ◽  
Payment Systems ◽  
Legal Method ◽  
Internet Users ◽  
System Method ◽  
International Comparative

An electronic payment system is a system of settlements between different organizations and Internet users when buying or selling goods or services over the Internet. The relevance of the research topic is that electronic payment systems are used widely at the present stage of the development of society. This area has not escaped criminal activity. Penalties for digital payment systems and cryptocurrencies should be commensurate with the level of damage caused. The article analyzes the international legal establishing liability for this type of crime. At the instant, it remains an open question for further study of the legal status of cryptocurrency in different countries and the settlement of penalties for violations in the field of digital payment systems and cryptocurrency. Research methods: comparison, observation, analysis, synthesis, analogy, the system method, generalization method, and formal-legal method. According to the results of the study, the international comparative aspect of the types of liability for offenses in the field of digital payment systems was analyzed; the issue of criminal liability for offenses in the field of digital payment systems and cryptocurrencies, as a key punishment for these actions; identified means of protection of payment systems; the issue of legal regulation of cryptocurrency in different countries.

Electronic Payment

2011 ◽  
pp. 1341-1348 ◽  
Author(s):  
Marc Pasquet ◽  
Sylvain Vernois ◽  
Wilfried Aubry
Keyword(s):  
Specific Form ◽  
Historical Evolution ◽  
Future Trends ◽  
Electronic Payment ◽  
Payment Systems ◽  
Electronic Money ◽  
Main Thrust ◽  
General Overview ◽  
The World ◽  
General Architecture

Money has two main forms nowadays: the fiduciary money (coins, banknotes…) and the scriptural one (electronic or virtual). To pay goods, both are used. The electronic money, one specific form of the scripting money, is more and more used everywhere in the world. Electronic payment has many particularities: specific infrastructure, equipment, and software, new forms of regulations, technical agreements, normalizations, fraud limitations… The objective of this chapter is to present a general overview of electronic payment. The background section presents its historical evolution. In the main thrust, the chapter focuses first on the general architecture of electronic payment. Second, different authorization mechanisms for the processing of the banking transaction and for fraud prevention are detailed. Future trends stress the different research topics that should be investigated, especially concerning the SEPA program (Single Euro Payments Area), which will harmonize bank payment systems in Europe through 2012.

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