Implementation of retail payments by QR-code in Russia as a driver for the development of national payment system (economic aspects)

2021 ◽  
Vol 21 (1) ◽  
pp. 168-188
Author(s):  
Yuriy Ezrokh
Keyword(s):  
Financial Literacy ◽  
Banking Sector ◽  
Payment System ◽  
State Regulation ◽  
Loyalty Programs ◽  
Qr Code ◽  
Infrastructure Development ◽  
Qr Codes ◽  
Macroeconomic Analysis ◽  
Retail Payments

Problem statement. Drawing on macroeconomic analysis (2011-2019), the author formulates the key problems in the functioning of retail segment of the national payment system: a) differentiation of regions according to the degree of payment infrastructure development; b) disproportion in the availability of trace elements of the payment infrastructure; c) high cost of acquiring services. The underlying scientific hypothesis is the possibility to overcome the above-mentioned problems by introducing retail payments using QR codes. The study examines economic relations arising in calculations using QR codes in Russia’s retail payment system. The methodological base of the study includes theoretical assumptions of banking management, as well as a problem-oriented approach. The study identifies a range of economic problems in the implementation of QR settlements in Russia which include: the need to upgrade mobile banking; banks’ lack of interest in promoting QR code settlements due to fears of lower transaction returns; a decrease in citizens’ interest in cashless payments caused by a contraction in bank loyalty programs; the inertia of entrepreneurs unwilling to switch from cash-based interaction with customers; the inertia of some customers and their lack of financial literacy; cyber threats; risks of unfair behavior of buyers. The author offers and justifies the ways to overcome them. The findings may help improve state regulation in Russia’s financial and banking sector.

scholarly journals Analysis of User Acceptance Factors of the QR Code as a Payment System in Mobile Banking using the Utaut Method: Simobiplus Mobile Banking

2020 ◽  
Vol 9 (5) ◽  
pp. 1725-1729
Keyword(s):  
Data Processing ◽  
Banking Sector ◽  
Payment System ◽  
Qr Code ◽  
Mobile Banking ◽  
Perceived Trust ◽  
Behavior Intention ◽  
Business Goals ◽  
Use Behavior ◽  
Transaction Services

In an increasingly modern era of globalization, people and technology are now starting to coexist, technology is always associated with various fields and activities of human activities with the aim of helping the work process to achieve maximum results, one area of business that feels its development is the Banking sector. Previously, services were traditionally provided through branch offices, but now banking services have begun to be done digitally using the Mobile Banking service so that transactions can be done anytime, anywhere. The banking industry is now competing to provide better transaction services, one of which is by providing QR Code transaction services on mobile banking, QR Code Transactions are payment methods that are run using QR Codes that are read using a Scanner through the Mobile banking application. Sinarmas Bank is one of the banks that provides QR Code transaction services for its customers. However, since the QR Code service was launched to customers, transactions have not grown significantly and have not been in line with the company's business goals. The methodology that will be used in this study is the modified UTAUT method, with this method it is expected to know what factors influence the acceptance of the QR Code payment system, research data obtained from the questionnaire, then the data will be processed with the PLS SMART application. From the results of data processing it is known that Performance Expectancy (PE), Expectancy expectation (EF), Perceived Trust (PT), Social influence (SI), moderation 1 (EF-EX) significantly influence Behavior Intention (BI) and Behavior Intention (BI) ) and Facilitating Conditions (FC) affect Use Behavior (UB). From the results of the data processing, Sinarmas Bank can further develop focused on variables that significantly influence the acceptance of QR Code services so that the services provided are better

scholarly journals Improving the Marketing Communications of Bank in the Context of Digital Transformation

2021 ◽  
Vol 3 (518) ◽  
pp. 242-247
Author(s):  
Y. Y. Mayovets ◽  
◽  
A. V. Sokhetska ◽  
Keyword(s):  
Financial Literacy ◽  
Information Technologies ◽  
Banking Sector ◽  
Online Communication ◽  
Communication Channels ◽  
Personal Data ◽  
Digital Transformation ◽  
Loyalty Programs ◽  
Marketing Communications ◽  
Digital Platforms

The article reflects the current trends of digital transformation in the banking sector of Ukraine, due to the introduction of new marketing channels. Banking services in Ukraine and around the world are rapidly changing under the influence of information technologies, which requires the introduction of new standards and communication channels. Traditional marketing communications in banking institutions were based on a number of marketing instruments, namely: advertising, direct marketing, branding, PR activities, publicity, stimulating the sales, loyalty programs, sponsorship, personal sales, presentations of products. Recognition of «digital transformation» by various analytical institutions reflects its role in scaling information processes, increasing economic efficiency and integrating the business processes of different participants on a single open platform. The digital transformation of organizations includes the following stages: digital beginners, digital subscribers, digital innovators, and digital leaders. In Ukraine, the evolution of digital transformation is based on the Fintech Development Strategy in Ukraine until 2025, developed by the NBU. The latter includes the expansion of digital technologies and their integration on open platforms, as well as the use of built-in financing. The article specifies that, despite all the advantages of digital transformation, the banking sector was one of the first to face financial fraud through online communication channels (Viber, WhatsApp, etc.), when the consumer is attacked in an aggressive manner, demanding personal data of bank cards. Such risks require receiving feedback from the client in order to promptly solve the problems of personal data leak and, if necessary, block the client’s card. In the process of evolution, new levels of digital platforms are being formed, which allow not only customers and staff of banks to connect to them, but also providers of various solutions through the BaaS model. Marketing communications provide for the education of financial literacy in customers and the formation of feedback by quickly responding to complaints.

Cyber crimes in the banking sector: Case study of Vietnam

2020 ◽  
Vol 6 (05) ◽  
Author(s):  
LE Thanh Tam ◽  
Nguyen Minh Chau ◽  
Pham Ngoc Mai ◽  
Ngo Ha Phuong ◽  
Vu Khanh Huyen Tran
Keyword(s):  
Financial Literacy ◽  
Commercial Banks ◽  
Banking Sector ◽  
Secondary Data ◽  
Legal Framework ◽  
Economic Sectors ◽  
Technological Revolution ◽  
Survey Results ◽  
Cyber Crimes

The technological revolution 4.0 brings great opportunities, but also cybercrimes to economic sectors, especially to banks. Using secondary data and survey results of 305 bank clients, the main findings of this paper are: (i) there are several types of cybercrimes in the banking sector; (ii) Vietnam is one of the top countries worldwide having hackers and being attacked by hackers, especially the banking sector. Three most common attacks are skimming, hacking and phishing. Number of cybercrime attacks in Vietnam are increasing rapidly over years; (iii) Vietnamese customers are very vulnerable to cybercrime in banking, as more than 58% seem to hear about cybercrimes, and how banks provide services to let them know about their transactions. However, more than 50% do not have any deep knowledge or any measures for preventing cybercrime; (iii) Customers believe in banks, but do not think that banks can deal with cybercrime issues well. They still feel traditional transactions are more secure than e-transactions; (iv) the reasons for high cybercrimes come from commercial banks (low management and human capacity), supporting environment (inadequate), legal framework (not yet strong and strict enough on cybercrimes), and clients (low level of financial literacy). Therefore, several solutions should be carried out, from all stakeholders, for improving the cybersecurity in Vietnamese banks. 

scholarly journals QR Code-based Learning Development: Accessing Math Game for Children Learning Enhancement

2019 ◽  
Vol 13 (11) ◽  
pp. 111 ◽  
Author(s):  
Widyasari Widyasari ◽  
Hadi Sutopo ◽  
Murniati Agustian
Keyword(s):  
Elementary School ◽  
Field Test ◽  
Mathematics Learning ◽  
Qr Code ◽  
Qr Codes ◽  
School Students ◽  
Learning Enhancement ◽  
Learning Mathematics ◽  
Learning Development ◽  
Math Game

Mathematics in elementary school is difficult to understand, boring, formal, theoretical, and book-based learning, which makes students tired of listening and paying attention. The purpose of this study is to create a learning prototype based on QR codes, especially mathematics learning in elementary schools. Using the QR code, students can access math games related to the course. This learning model could encourage students to learn mathematics. The research included seven steps in research and development named after Borg & Gall, such as need assessment, plan, early product development, first test, revise early product, field test and revise product. The object of the research is QR code-based learning, and the respondents are elementary school students and teachers. After analyzing data in the first and field test, researchers found the result. QR code-based learning could support children for learning mathematics.

scholarly journals ART-UP: A Novel Method for Generating Scanning-Robust Aesthetic QR Codes

2021 ◽  
Vol 17 (1) ◽  
pp. 1-23
Author(s):  
Mingliang Xu ◽  
Qingfeng Li ◽  
Jianwei Niu ◽  
Hao Su ◽  
Xiting Liu ◽  
...  
Keyword(s):  
State Of The Art ◽  
Visual Quality ◽  
Qr Code ◽  
Quick Response ◽  
Estimation Model ◽  
Qr Codes ◽  
Excellent Performance ◽  
Novel Method ◽  
Coarse To Fine

Quick response (QR) codes are usually scanned in different environments, so they must be robust to variations in illumination, scale, coverage, and camera angles. Aesthetic QR codes improve the visual quality, but subtle changes in their appearance may cause scanning failure. In this article, a new method to generate scanning-robust aesthetic QR codes is proposed, which is based on a module-based scanning probability estimation model that can effectively balance the tradeoff between visual quality and scanning robustness. Our method locally adjusts the luminance of each module by estimating the probability of successful sampling. The approach adopts the hierarchical, coarse-to-fine strategy to enhance the visual quality of aesthetic QR codes, which sequentially generate the following three codes: a binary aesthetic QR code, a grayscale aesthetic QR code, and the final color aesthetic QR code. Our approach also can be used to create QR codes with different visual styles by adjusting some initialization parameters. User surveys and decoding experiments were adopted for evaluating our method compared with state-of-the-art algorithms, which indicates that the proposed approach has excellent performance in terms of both visual quality and scanning robustness.

scholarly journals Implementation of Cryptographic Algorithm in Dynamic QR Code Payment System and Its Performance

IEEE Access ◽  
2021 ◽  
Vol 9 ◽  
pp. 122362-122372 ◽  
Author(s):  
Yukun Zhou ◽  
Baidong Hu ◽  
Yitao Zhang ◽  
Weiming Cai
Keyword(s):  
Payment System ◽  
Qr Code ◽  
Cryptographic Algorithm

scholarly journals Surgical navigation with QR codes

2016 ◽  
Vol 2 (1) ◽  
pp. 355-358
Author(s):  
Manuel Katanacho ◽  
Wladimir De la Cadena ◽  
Sebastian Engel
Keyword(s):  
Surgical Navigation ◽  
Video Camera ◽  
Surgical Instruments ◽  
Qr Code ◽  
Qr Codes ◽  
Measurement Systems

AbstractThe presented work is an alternative to established measurement systems in surgical navigation. The system is based on camera based tracking of QR code markers. The application uses a single video camera, integrated in a surgical lamp, that captures the QR markers attached to surgical instruments and to the patient.

scholarly journals Detection of Forgery and Fabrication in Passports and Visas using Cryptography and QR Codes

2021 ◽  
Vol 12 (1) ◽  
pp. 1-11
Author(s):  
Cheman Shaik
Keyword(s):  
Mobile App ◽  
Public Key ◽  
Qr Code ◽  
Clear Indication ◽  
Qr Codes ◽  
The Public ◽  
Private Key ◽  
The World ◽  
Cryptographic Key ◽  
Google Play

In this paper, we present a novel solution to detect forgery and fabrication in passports and visas using cryptography and QR codes. The solution requires that the passport and visa issuing authorities obtain a cryptographic key pair and publish their public key on their website. Further they are required to encrypt the passport or visa information with their private key, encode the ciphertext in a QR code and print it on the passport or visa they issue to the applicant. The issuing authorities are also required to create a mobile or desktop QR code scanning app and place it for download on their website or Google Play Store and iPhone App Store. Any individual or immigration uthority that needs to check the passport or visa for forgery and fabrication can scan its QR code, which will decrypt the ciphertext encoded in the QR code using the public key stored in the app memory and displays the passport or visa information on the app screen. The details on the app screen can be compared with the actual details printed on the passport or visa. Any mismatch between the two is a clear indication of forgery or fabrication. Discussed the need for a universal desktop and mobile app that can be used by immigration authorities and consulates all over the world to enable fast checking of passports and visas at ports of entry for forgery and fabrication

scholarly journals Implementation for Quick Response Code

2019 ◽  
pp. 249-252
Author(s):  
K. Ravikumar ◽  
R. Geetha
Keyword(s):  
Mobile Devices ◽  
Mobile Phones ◽  
Teaching And Learning ◽  
Qr Code ◽  
Quick Response ◽  
Qr Codes ◽  
Response Code ◽  
Quick Response Code ◽  
The People ◽  
Identity Card

Quick Response (QR) codes are versatile. a chunk of long trilingual text, a connected URL, an automatic SMS message, an identity card or simply regarding any data is embedded into the two-dimensional barcode. as well as moderate equipped mobile devices, QR Codes will connect the users to the data quickly and simply. The operations to retrieve or store QR codes are unbelievably easy and fast, and with mobile devices, build them the best academic tools for teaching and learning. QR codes are all over and most of the people have mobile phones equipped with QR code readers. though QR codes existed for over fifteen years, there arent such a lot of analysis applications during this space.

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