scholarly journals The Product Characteristic of Electronic Money from the Perspective of the Negotiable Instruments Law

FIAT JUSTISIA ◽  
2018 ◽  
Vol 11 (4) ◽  
pp. 328
Author(s):  
Geigiansyah Aulia Putra ◽  
Hilda Yunita Sabrie ◽  
Prawitra Thalib
Keyword(s):  
Credit Cards ◽  
Product Characteristic ◽  
Electronic Money ◽  
Payment Instruments ◽  
Commercial Code ◽  
Cash Payment ◽  
Debit Cards ◽  
Currency Trading

The development of currency trading is not only using the cash as a payment instrument for a transaction. For example is the emergence of non-cash payments such as negotiable instruments. That type of instrument offers a more effective and safer way than using the cash. Along with the development of the technology, a non-cash payment innovation emerged, which characteristics, at a glance, similar to negotiable instruments, such as credit cards, debit cards, and electronic money products which gives a safer and more efficient way than using the cash for a transaction. Based on this, led to the view that non-cash payment instruments such as credit cards, debit cards, and electronic money products can be classified as negotiable instruments. However, that classification must be done by reviewing the relevant regulations, such as Commercial Code and else and also observing the doctrines in the perspective of the science concerned, to state that the development of such instruments can be classified as negotiable instruments or not.Keywords:    Negotiable instruments, Letter of Value, Credit Cards, Debit Cards, Electronic Money Products, Classification.

EKSISTENSI KARTU KREDIT DENGAN ADANYA ELECTRONIC MONEY (E-MONEY) SEBAGAI ALAT PEMBAYARAN YANG SAH

2019 ◽  
Vol 7 (1) ◽  
pp. 31
Author(s):  
Sekar Salma Salsabila , ◽  
Pranoto ,
Keyword(s):  
Research Methods ◽  
Credit Cards ◽  
Legal Research ◽  
Electronic Money ◽  
Payment Instruments ◽  
Cash Payment ◽  
Legal Writing ◽  
Debit Cards ◽  
Money Circulation

<p>Abstract<br />This paper discusses about the existence of credit cards after electronic money (e-money) as a legitimate <br />payment instrument. This method of legal writing using normative legal research methods. Regulation <br />of Bank Indonesia Number 16/8/PBI/2014 about Amendment to Regulation of Bank Indonesia Number <br />11/12/PBI/2009 about Electronic Money raises non-cash payment instruments in addition to credit cards, <br />debit cards and ATM namely e-money as part of the legitimate payment instrument in Indonesia. This <br />causes the number of credit cards is less than the e-money circulation.<br />Keywords : E-money; credits card; non-cash payment instrumen.</p><p>Abstrak<br />Tulisan ini membahas tentang bagaimana eksistensi kartu kredit setelah munculnya uang elektronik <br />(e-money)  sebagai  alat  pembayaran  yang  sah.  Metode  penulisan  hukum  ini  menggunakan  metode <br />penelitian  hukum  normatif.  Peraturan  Bank  Indonesia  Nomor  16/08/PBI/2014  tentang  Perubahan <br />Atas  Peraturan  Bank  Indonesia  Nomor  11/12/PBI/2009  tentang  Uang  Elektronik  (Electronic  Money) <br />memunculkan alat pembayaran non tunai selain kartu kredit, kartu debit dan ATM yaitu e-money sebagai <br />bagian dari alat pembayaran yang sah di Indonesia. Hal ini menyebabkan jumlah kartu kredit yang beredar <br />menjadi lebih sedikit dibandingkan dengan peredaran e-money. <br />Kata Kunci : E-money; kartu kredit; alat pembayaran non tunai</p>

scholarly journals Analysis of the Use of Electronic Money in Efforts to Support the Less Cash Society

2016 ◽  
Vol 3 (1) ◽  
pp. 1 ◽  
Author(s):  
Dwi . Wulandari ◽  
Thomas Soseco ◽  
Bagus Shandy Narmaditya
Keyword(s):  
Economic Growth ◽  
Credit Cards ◽  
Qualitative Approach ◽  
State University ◽  
Payment Systems ◽  
Electronic Money ◽  
Cash Payment ◽  
Student Preference ◽  
Technological Developments ◽  
Debit Cards

Technological developments have had an impact on all aspects of life including changes to existing payment systems. Electronic money (E-Money) is a non cash payment instrument in addition to credit cards and debit cards. E-money offers advantages over debit cards and credit cards that give the ease, speed, and efficiency. The issue discussed in this research covers the intensity of the use of e-money, the volume of transactions, preferences, and perceptions about the use of e-money at the Faculty of Economics, State University of Malang. This study used a qualitative approach. The findings showed that only a small portion of the respondents (17.07%) has already been used BRIZZI card as a means of payment. Majority of students simply do as much as 3-5 times transaction per month. The volume of transactions in using E-money is still low. Student preference to use BRIZZI is relatively small. Most of the respondents supported less cash society because they believe it will promote economic growth and stability.

scholarly journals Indonesian Household Payment Choice: A Nested Logit Analysis

2020 ◽  
Vol 9 (s1) ◽  
pp. 291-313
Author(s):  
Nur Annisa Hasniawati ◽  
Eva R. Lase ◽  
Akhis R. Hutabarat
Keyword(s):  
Credit Cards ◽  
Nested Logit ◽  
Logit Analysis ◽  
Mobile Banking ◽  
Electronic Payment ◽  
Electronic Money ◽  
Substitution Pattern ◽  
Household Data ◽  
Payment Instruments ◽  
Cash Payment

AbstractWe examine the preferences of respondents for six types of payment instruments, namely cash, debit and credit cards, card and server-based electronic money, and internet or mobile banking. By applying a nested logit model to 500 household data covering six provincial capitals in Indonesia, we find that the decision to choose payment instruments is made sequentially. Socio-economic characteristics, including education, age, income, and transaction objectives or functionality have a significant effect on the probability of using non-cash electronic payment instruments. We find a substitution pattern between payment instruments, not only between cash and non-cash instruments but also between non-cash instruments. In light of these findings, appropriate payment system policies are in order to hasten the use of non-cash payment.

scholarly journals Payment System Competitiveness

Equilibrium ◽  
2010 ◽  
Vol 5 (2) ◽  
pp. 93-101
Author(s):  
Frantisek Bartes ◽  
Jitka Studenikova
Keyword(s):  
Credit Cards ◽  
Economic Systems ◽  
Supply Side ◽  
Payment Systems ◽  
Market System ◽  
Electronic Money ◽  
Demand And Supply ◽  
Common Life ◽  
Paper Money ◽  
Payment Instruments

Competitiveness is one of the key conditions of functional market system. With the time passing, people changed their understanding of economic systems, from barter to paper money. In nowadays world, when the IT becomes a big part of common life, the electronic money, e-purses, pay pall and other payment systems are more used and important. The payment systems differ one from each other and we can talk about payment instruments market. But what if this market does not work well. The aim of this article is to find out the rules, conditions on the market of payment instruments. The author tries to recognize the problems on the demand and supply side. The system of credit cards and direct debit system is involved the most, together with latest theory of Tourist Test. The Interchange Fee plays the key role.

Memperkuat Daya Saing Bank Syariah Dengan Meningkatkan Kemampuan Teknologi Informasi

Liquidity ◽  
2018 ◽  
Vol 1 (1) ◽  
pp. 32-41
Author(s):  
Amrizal Amrizal
Keyword(s):  
Information System ◽  
Credit Card ◽  
Banking Industry ◽  
Integrated System ◽  
Integrated Systems ◽  
Islamic Banks ◽  
Electronic Money ◽  
Electronic Transactions ◽  
Excellent Service ◽  
Debit Cards

Banking industry is very tight competition in all aspects. Results review from some literatures: journals and empirical data indicates that the banking industry has been applied information technology in order to provide excellent service to customers in the form of electronic transactions such as ATM, sms banking, e-commerce and so forth. Based on Bank Indonesia reports, the type of electronic transaction has been growing very rapidly between the transaction and Bilyetgiro Elekteronik Checks, ATM, Credit Card, Account Card Based (ATM and Debit Cards), Electronic Money, Delivery Chanel and RTGS. Those above transactions are relating to the Technology Information System and Integrated System. Integrated system is the combination of Hardskill which focus on knowledge and more to the integrity softskill (shidiq, trustworthy, tablig, fathonah). Islamic banks are ready to face competition both nationally and internationally, primarily face competition from the aspect of Integrated Systems. Bank Syariah Mandiri (BSM) developed e-banking features on an ongoing basis, among others

scholarly journals Neural mechanisms of credit card spending

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Sachin Banker ◽  
Derek Dunfield ◽  
Alex Huang ◽  
Drazen Prelec
Keyword(s):  
Credit Card ◽  
Credit Cards ◽  
Purchase Behavior ◽  
Facilitation Effect ◽  
Product Price ◽  
Personal Credit ◽  
Psychological Mechanisms ◽  
Network Activation ◽  
Payment Instruments ◽  
Reward Network

AbstractCredit cards have often been blamed for consumer overspending and for the growth in household debt. Indeed, laboratory studies of purchase behavior have shown that credit cards can facilitate spending in ways that are difficult to justify on purely financial grounds. However, the psychological mechanisms behind this spending facilitation effect remain conjectural. A leading hypothesis is that credit cards reduce the pain of payment and so ‘release the brakes’ that hold expenditures in check. Alternatively, credit cards could provide a ‘step on the gas,’ increasing motivation to spend. Here we present the first evidence of differences in brain activation in the presence of real credit and cash purchase opportunities. In an fMRI shopping task, participants purchased items tailored to their interests, either by using a personal credit card or their own cash. Credit card purchases were associated with strong activation in the striatum, which coincided with onset of the credit card cue and was not related to product price. In contrast, reward network activation weakly predicted cash purchases, and only among relatively cheaper items. The presence of reward network activation differences highlights the potential neural impact of novel payment instruments in stimulating spending—these fundamental reward mechanisms could be exploited by new payment methods as we transition to a purely cashless society.

scholarly journals PLASTIC MONEY: PROSPECTIVE AND CHALLENGES

2020 ◽  
Vol 5 (2) ◽  
pp. 117-125
Author(s):  
Bhawna Mukaria
Keyword(s):  
Developed Countries ◽  
Smart Phones ◽  
Future Prospects ◽  
Electronic Money ◽  
Electronic Payments ◽  
Building Recognition ◽  
Technology Applications ◽  
The Government ◽  
To Come ◽  
Debit Cards

In present era, it is impossible to imagine modern bank transactions, commercial transactions and other payments without using the plastic cards. Plastic currency is now gradually becoming a necessity across the globe as more and more developed countries are opting for plastic compared to paper as there are several inherent advantages. The growing involvement of smart phones has made technology applications much more accessible to users. The Government also move forward for a “Digital India” and its focus on growing electronic payments is significant drivers of growth in replacing physical payments with technologybacked solutions. India is at the stage of an amazing shift towards electronic money from traditional cash. For instance the Pradhan Mantri Jan Dhan Yojana (PMJDY), is slowly building recognition among people to move from paper to electronic money. The PMJDY alone has seeded over 150 million Rupay cards in the last year, in addition to the 400 million debit cards already in circulation. There is still emergence for significant increase in the usage of debit cards in the years to come as card. This paper focus on the challenges and future prospects of plastic money in India.

scholarly journals Analysis of Adi Soemarmo Solo Airport Parking Payment System

2021 ◽  
Vol 2 (1) ◽  
pp. 1-3
Author(s):  
Dwiyana Dwiyana ◽  
Muqorobin Muqorobin
Keyword(s):  
Payment System ◽  
Payment Systems ◽  
Electronic Money ◽  
Application System ◽  
Money Balance ◽  
Final Project ◽  
Cash Payment

The writing of the Semester Final Project with the title Analysis of the Parking Payment System for Adi Soemarmo Airport Solo was compiled based on the results of observations at the exit gate of Adi Soemarmo Airport Solo. Transactions on parking payments often cause problems due to several factors, especially the time or process is quite long because sometimes the money given is too large then the cashier takes too long to give change, besides that sometimes passengers do not prepare the money they want to pay in advance and often passengers pay in a situation of insufficient money and this causes queues or jams at the gate exit. The research objective given by the author later is to provide the best solution for airport parking payment systems. In addition to making it easier for passengers, this will greatly facilitate cashiers when carrying out work operations. This payment application system is called u-nik or electronic money. Where u-nik functions to transfer the money balance data contained in u-nik to a computer using a system called AINO. So that payments occur without spending additional cash. With the existence of non-cash payment transactions using the AINO system, it is hoped that it can facilitate and provide speed in making parking payment transactions without the need to carry cash.

On-Line Credit Card Payment Processing and Fraud Prevention for e-Business

2010 ◽  
pp. 455-473 ◽  
Author(s):  
James G. Williams ◽  
Wichian Premchaiswadi
Keyword(s):  
Credit Card ◽  
Preventive Measures ◽  
Personal Information ◽  
Credit Cards ◽  
The Internet ◽  
Payment Methods ◽  
On Line ◽  
Card Payment ◽  
Debit Cards ◽  
Cyber Criminals

As the volume of purchases for products and services on the Internet has increased and the chosen method of payment is a credit or debit card, e-commerce merchants must be capable of accepting such payment methods. Unfortunately, cyber-criminals have found ways to steal personal information found on credit cards and debit cards and fraudulently use this information to purchase products and services which costs merchants lost revenue and fees for chargebacks. This article discusses the process by which credit card payments are processed beginning with the e-commerce merchant’s web site to a credit card processor or service gateway to the credit card company’s network to the issuing bank’s network with an accept or decline response being returned to the merchant’s shopping cart system via the same networks. The article addresses the issue of credit card fraud in terms of how the cyber-criminals function and the potential solutions used to deter these attempts by the cybercriminals. A list of preventive measures that should be used by e-commerce merchants is provided.

17. Electronic payments and cryptocurrency

2019 ◽  
pp. 438-452
Author(s):  
Andrew Murray
Keyword(s):  
Electronic Commerce ◽  
Credit Cards ◽  
Legal Environment ◽  
Electronic Payment ◽  
Payment Systems ◽  
Considerable Time ◽  
Electronic Money ◽  
Electronic Payments ◽  
Payment Methods ◽  
Online Payment

This chapter examines online payment methods, including the use of tokens, in electronic commerce. It first provides an overview of token payments before looking at alternative electronic payment systems including debt substitution, payment by credit cards, and fund transfer. The chapter reviews the failure of the European Commission’s Electronic Money Directive 2000 and examines whether the current law, found in the 2009 Electronic Money Directive, is likely to provide a better legal environment for electronic money to flourish. It spends considerable time looking at the development of cryptocurrencies, including bitcoin and how blockchain is used to establish trust in cryptocurrency transactions, before concluding with an analysis of the law in relation to cryptocurrency.

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