scholarly journals ON THE ECONOMIC STUDIES CONNECTED WITH THE USE OF ELECTRONIC MONEY IN UKRAINE

2016 ◽  
Vol 15 ◽  
pp. 331-339
Author(s):  
T. V. Moroz
Keyword(s):  
Electronic Medium ◽  
Electronic Money ◽  
Bank Account ◽  
Electronic Form ◽  
Bank Accounts ◽  
Economic Studies

The article deals with peculiarities that must be taken into account while conducting forensic economic examinations connected with studying financial and credit transactions with the use of electronic money. Electronic money is a monetary obligation of the issuer in an electronic form that is stored on an electronic medium in the user’spossession. This medium can be a microprocessor card, the user’s computer, a server of the electronic money clearance system where the user’s electronic money is stored, etc. In the electronic money clearance systems bank accounts are used only when the money is debited or withdrawn from the system. At the same time these bank accounts are the issuer’s and not the user’s accounts. When electronic money is issued the user’s traditional money is debited to the issuer’s bank account. When the electronic money is used in payment, traditional money is written off the issuer S bank account and is paid to the bearer. The article provides a list of normative and legislative acts regulating the main aspects of conducting the studies.

scholarly journals Joint bank accounts and survivorship

2018 ◽  
Vol 47 (3) ◽  
pp. 162-166
Author(s):  
Keith Stanton
Keyword(s):  
Great Majority ◽  
Privy Council ◽  
The Bahamas ◽  
Bank Account ◽  
Bank Accounts ◽  
The Law ◽  
Court Of Appeal

Who is beneficially entitled to the money deposited in a joint bank account? In the great majority of cases, it is clear that the money is jointly owned and will pass on the death of one of the account holders to the survivor. However, things are not always simple and the law then has to decide as to the ownership of the money in a dispute between the surviving account holder and the estate of the deceased. The decision of the Judicial Committee of the Privy Council in Whitlock v Moree, a case on appeal from the Court of Appeal of the Bahamas is the latest decision on this topic.

Fallibilism, Objectivity, and the New Cynicism

Episteme ◽  
2004 ◽  
Vol 1 (1) ◽  
pp. 35-48
Author(s):  
Susan Haack
Keyword(s):  
Legal System ◽  
Expert Witness ◽  
Scientific Research ◽  
The State ◽  
Bank Account ◽  
Medical Treatments ◽  
Bank Accounts

Nobody seriously doubts the possibility, or the usefulness, of finding things out; that is something we all take for granted when we inquire about our plane schedule, the state of our bank account, the best treatment for our child's illness, and so forth – a presupposition of the most ordinary, everyday looking into things as well as of the most sophisticated scientific research, not to mention of the legal system. Of course, nobody seriously doubts, either, that sometimes, instead of really looking into things, people fake, fudge, and obfuscate to avoid discovering unpalatable truths or having to give up comfortable tenets; that is something we all take for granted when we ask who paid for a reassuring (or a damning) study, who stands to gain from an Official Inquiry, which party an expert witness works for, and so on.Of late, however, radical feminists, multiculturalists, sociologists and rhetoricians of science, and (I am embarrassed to say) a good many philosophers as well – though they look into questions about their plane schedules, bank accounts, medical treatments, etc., just like everyone else – profess to have seen through what the rest of us take for granted.

THEORISING THE TREASURY SINGLE ACCOUNT (TSA) IN NIGERIA

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Chinedu U. Okerekeoti ◽  
Emma I. Okoye
Keyword(s):  
Federal Republic ◽  
Financial Resources ◽  
Bank Account ◽  
Ministry Of Finance ◽  
Bank Accounts ◽  
The Government ◽  
Multiple Accounts ◽  
The Way

Successive governments in Nigeria have continued to operate multiple accounts for the collection and disbursing of government revenues in flagrant disregard to the provision of the constitution which requires that all government revenues be remitted into a single account. Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enlightenment about the importance of the policy at all levels. Also, government should adhere to the provisions of Section 162(1) of the Constitution of the Federal Republic of Nigeria (as amended) for the maintenance of Federation accounts and avoid using private contractors (SystemSpecs-Remita). Though Section 162(1) has made provisions for maintenance of Federation accounts, the legislature should look inwards and address the operational details. Furthermore, government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges associated with enforcement of the provisions of the TSA.

Case study India’s First Women’s Bank - Bharatiya Mahila Bank

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
Jitendra Ahirrao
Keyword(s):  
Public Sector ◽  
Rural Areas ◽  
Financial Services ◽  
Economic Empowerment ◽  
Women Empowerment ◽  
Bank Account ◽  
Safe Place ◽  
Job Opportunities ◽  
Bank Accounts

India launched the Bhartiya Mahila Bank (BMB), its first public sector bank for economically empowering millions of women across the country, in 2013. This bank is meant for those women who do not have access to basic financial services such as bank accounts or loans. Access to a bank account is essential for women's economic empowerment as it provides a safe place to save money and opens up a channel to credit which can be used for investing in education, property or in a business. BMB is a good beginning in the direction of women empowerment in India. Nevertheless, pro-active emphasis should be on rural areas and less-educated / illiterate women folk irrespective of their earnings. It will create more job opportunities for women and will pay special attention to the weaker and more neglected sections of women.

Der Zusammenhang von Kontrahierungszwang und Beschränkung der vertraglichen Inhaltsfreiheit am Beispiel von Entgeltregelungen für Basiskonten

2019 ◽  
Author(s):  
Marcus Liebetrau
Keyword(s):  
Daily Life ◽  
New Right ◽  
Political Discussion ◽  
Bank Account ◽  
General Significance ◽  
Eu Directive ◽  
Bank Accounts ◽  
The Moment ◽  
The Eu

This thesis investigates the interaction between the obligation to contract and the limitations to the free bargaining of the conditions of these contracts, in theory as well as in practice, focusing on the new right of consumers to open a basic bank account. It is the aim of the EU Directive and the German “Zahlungskontengesetz (ZKG)” to guarantee consumers’ access to a basic bank account in order to ensure that consumers may participate in non-cash payments. Yet, the effectivity of the ZKG’s obligation to contract is significantly impaired at the moment, resulting from the fact that the banks may charge an “appropriate” account fee for the opening and the account processing of the basic bank accounts. Hence, the thesis focuses on the problems related to the account fees, especially on the question which account fees are actually “appropriate”. Furthermore, the thesis investigates the general significance of bank accounts in daily life, the legal and political discussion which ultimately led to the enactment of the EU Directive and the German “Zahlungskontengesetz (ZKG)” and the new restrictions for the banks in connection with the dismissal of basic bank accounts.

scholarly journals Detecting Fraudulent Bank Account Based on Convolutional Neural Network with Heterogeneous Data

2019 ◽  
Vol 2019 ◽  
pp. 1-11
Author(s):  
Fang Lv ◽  
Wei Wang ◽  
Yuliang Wei ◽  
Yunxiao Sun ◽  
Junheng Huang ◽  
...  
Keyword(s):  
Neural Network ◽  
Convolutional Neural Network ◽  
Social Representations ◽  
Network Models ◽  
Heterogeneous Data ◽  
Model Structure ◽  
Topological Feature ◽  
Neural Network Models ◽  
Bank Account ◽  
Bank Accounts

Detecting fraudulent accounts by using their transaction networks is helpful for proactively preventing illegal transactions in financial scenarios. In this paper, three convolutional neural network models, i.e., NTD-CNN, TTD-CNN, and HDF-CNN, are created to identify whether a bank account is fraudulent. The three models, same in model structure, are different in types of the input features. Firstly, we embed the bank accounts’ historical trading records into a general directed and weighted transaction network. And then, a DirectedWalk algorithm is proposed for learning an account’s network vector. DirectedWalk learns social representations of a network’s vertices, by modeling a stream of directed and time-related trading paths. The local topological feature, generating by accounts’ network vector, is taken as input of NTD-CNN, and TTD-CNN takes time series transaction feature as input. Finally, the two kinds of heterogeneous data, being integrated into a novel feature matrix, are fed into HDF-CNN for classifying bank accounts. The experimental results, conducted on a real bank transaction dataset, show the advantage of HDF-CNN over the existing methods.

scholarly journals Does Access to Bank Accounts as a Minor Improve Financial Capability? Evidence from Minor Bank Account Laws

2021 ◽  
Vol 2021 (072) ◽  
pp. 1-33
Author(s):  
J. Michael Collins ◽  
◽  
Jeff Larrimore ◽  
Carly Urban ◽  
◽  
...  
Keyword(s):  
Financial Services ◽  
Negative Consequences ◽  
Policy Goal ◽  
Bank Account ◽  
State Laws ◽  
Alternative Financial Services ◽  
Short Run ◽  
Credit Scores ◽  
Bank Accounts ◽  
A Minor

Banking the unbanked is a common policy goal, but should this include access to bank accounts for minors? This study estimates how teenagers' access to bank accounts affects their financial development. Using variation in state laws, we show policies that permit access to independently-owned accounts increase account ownership at age 16 through age 19, although by age 24 those young adults are banked at similar rates to teens who grew up in states that do not allow minors to own accounts independently. Teens who had access to independently-owned accounts use fewer high-cost alternative financial services (like payday loans) through age 20—but are then more likely to use AFS, particularly check-cashing services, from age 21 through 24. Using credit records, we show that access to non-custodial accounts has no effects on credit scores in the short-run, but lower credit scores and more loan delinquencies at ages 21 through 24. While these state laws promote financial inclusion for teenagers, the young people who take on accounts may experience negative consequences in the longer run.

scholarly journals The implementation at the national level o the bank account information mechanism under the EAPO Regulation: a comparative analysis = La implementación del mecanismo de información sobre las cuentas bancarias de la orden europea de retención de cuentas: un análisis comparado

2020 ◽  
Vol 12 (1) ◽  
pp. 386
Author(s):  
Carlos Santaló Goris
Keyword(s):  
Comparative Analysis ◽  
National Level ◽  
Legal Systems ◽  
Bank Account ◽  
Member States ◽  
Wide Margin ◽  
Procedural Law ◽  
Account Information ◽  
Bank Accounts

Abstract: One the most praised aspects of the Regulation n° 655/2015 establishing a European Account Preservation Order is its mechanism to gather information about debtor’s bank accounts (Article 14). Situations in which creditors ignore the debtors’ banking details are not unusual. Through Article 14 tool creditors who have already obtained a title (enforceable or not) are entitled to request that information. However, the EAPO Regulation only lays down the skeleton and the main features of this instrument, conferring Member States a wide margin of manoeuvre to decide how to accommodate it in their respective domestic legal systems. Member States are allowed to select the authorities in charge of collecting the information and they can decide on how the information is gathered. This freedom is a source of divergence. The objective of this paper is to provide a comparative analysis on the information mechanism.Keywords: debtors, creditor, assets’ transparency, pecuniary claims, EAPO Regulation, bank accounts, European Civil Procedural Law .Resumen: Uno de los aspectos más alabados del reglamento n ° 655/2014 por el que se establece el procedimiento relativo a la orden europea de retención de cuentas, es su mecanismo para obtener información sobre las cuentas bancarias del deudor (artículo 14). No es inusual que los acreedores ignoren dicha información. A través de este nuevo mecanismo, aquellos acreedores que ya disponen de un título, pueden solicitar búsqueda de la información sobre las cuentas bancarias del deudor. Sin embargo, el reglamento únicamente establece las líneas generales del mecanismo, dejando a los estados miembros un amplio margen de maniobra para implementarlo en sus respectivos ordenamientos jurídicos. Cada estado puede elegir no solo las autoridades encargadas de realizar la búsqueda de información, también los medios a través de los que se obtiene la información. Esta libertad de la que disponen los estados miembros se ha convertido una fuente de divergencias a la hora de implementar el reglamento. El objetivo de este artículo es ofrecer un análisis comparado sobre el mecanismo de información.Palabras clave: deudores, creditors, transparencia patrimonial, crédito pecuniario, Reglamento OERC, cuentas bancarias, Derecho Procesal Civil Europeo.

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