scholarly journals The Impact of Digital Technologies on the Development of Payment Services

2020 ◽  
pp. 51-57
Author(s):  
A. Y. Chentsov
Keyword(s):  
Data Privacy ◽  
Financial Institution ◽  
International Standards ◽  
Electronic Systems ◽  
Electronic Payment ◽  
Stage Of Development ◽  
Payment Services ◽  
The Impact ◽  
Electronic Payment System ◽  
High Share

The article reveals the system of functioning of payment services as a financial institution, the emergence and development of which is due to scientific and technical progress at the present stage of development and considering the impact of globalization. This tool occupies an increasingly high share of the financial sphere, but due to the novelty of electronic systems, this topic is currently little studied. The article considers the latest developments that allow you to make instant payments conveniently and safely. The problems and ways of protecting user identification, data privacy and money safety when using electronic payment services are investigated. The study revealed that, along with innovative global developments, to strengthen the electronic payment system, it is necessary to implement common international standards for combating cybercrime.

scholarly journals BUSINESS REPUTATION AND ITS IMPACT ON FINANCIAL STABILITY OF BANKS

2021 ◽  
Vol 1 (54) ◽  
Author(s):  
Victoria V. Kovalenko ◽  
Keyword(s):  
Financial Stability ◽  
Large Scale ◽  
Social Role ◽  
Financial Institution ◽  
Financial Instability ◽  
Financial Risks ◽  
Economic Relations ◽  
Stage Of Development ◽  
Banking Business ◽  
The Impact

In the article, the author considers the main aspects of the impact of goodwill on the financial stability of banks. It is substantiated that among the numerous threats that lead to financially unstable development of the banking business, a special place should be given to the support of banks’ business reputation. The main reasons are the phenomena of financial instability caused not only by the cyclical development of the economy, but also the ability to take into account a certain state in which the financial system is able to: effectively allocate resources, assess and manage financial risks, absorb shocks. It is proved that the relationship between business reputation and financial stability is determined by the characteristics of the conceptual apparatus; the system of risks to which they are exposed in the course of their activities; methodical approaches to assessing their level. The author concludes that the key challenges for the banking business in the context of digital transformation should be considered from the standpoint of customer interests, from the standpoint of investors (owners) of the banking business and from the standpoint of the regulator. In today’s realities, when the systemic banking crisis has imposed on a large-scale economic, the decisive factor for success and continued activity in the market is the quality of business reputation. The methods of quantitative assessment of the bank’s business reputation include balance-normative, methods of additional and excess profits, methods of royalties and residual value, the method of rating and comprehensive assessment. It is proved that the level of business reputation is related to the life cycle of banks, which includes the stages of formation, growth, maturity and decline. Measures to ensure business reputation depending on the stage of development of the bank are considered. Both the business reputation and financial stability are affected by the established image of the bank. The article states that a positive image is able to maintain the bank in times of financial instability. It is determined that depending on the group of users (non-financial corporations, households, government agencies or social organizations) the image of the bank should be different and meet all requirements.It is determined that a modern bank is not only an institution of the financial market, but also a financial institution for which social role and reputation in social and economic relations become the primary criteria for ensuring their competitive position.

Analyzing the impact of payments infrastructure on the efficiency of the national payment system functioning

2020 ◽  
Vol 19 (11) ◽  
pp. 2136-2153
Author(s):  
S.A. Varvus ◽  
A.P. Buevich
Keyword(s):  
Russian Federation ◽  
Systems Approach ◽  
Payment System ◽  
International Standards ◽  
Situational Factor ◽  
The Status ◽  
The Russian Federation ◽  
Payment Services ◽  
Business Entities ◽  
The Impact

Subject. We consider the status, problems, trends and prospects for the development of the national payment system of the Russian Federation. Objectives. We focus on disclosing the content and problems of the modern stage of operation of the national payment system of the Russian Federation, and the analysis of its possible prospects for development. Methods. The study employs the institutional and systems approach to scientific knowledge. On its basis, we apply the situational, factor, statistical and other methods of analysis. Results. The existing national payment system is a complex and not quite independent entity. It is demonstrated by the practice of numerous legislative and regulatory supporting mechanisms that need not only the perception and assimilation of international experience, but also the establishment of proper in-house practice. Regions of the country have significant differences in the quality of payment services provided. Conclusions. To solve the problems of prospective development of the national payment system of the Russian Federation, it is necessary to increase its centralization, create a mobile universal and internally consistent and receptive to innovation legal mechanism of functioning. The revival and growth of the country's economy, stimulating the demand and supply of payment services, will facilitate the solutions. Further development of the system depends on the increase in the scale of operation, alignment of regional and corporate levels of service for individuals and business entities, qualitative improvement, taking into account the international standards and the best foreign practices.

scholarly journals Pengaruh E-Payment Trust terhadap Minat Transaksi pada E-Marketplace Menggunakan Framework Technology Acceptance Model (TAM) 3

2021 ◽  
Vol 8 (5) ◽  
pp. 977
Author(s):  
Merryana Lestari ◽  
Hindriyanto Dwi Purnomo ◽  
Irwan Sembiring
Keyword(s):  
Technology Acceptance ◽  
Technology Acceptance Model ◽  
Data Security ◽  
Data Privacy ◽  
Customer Data ◽  
Framework Technology ◽  
Payment Services ◽  
Acceptance Model ◽  
The Impact ◽  
User Trust

<p class="Abstrak">Transaksi melalui <em>e-Marketplace</em> dilakukan menggunakan transaksi pembayaran secara <em>digital</em> yang disebut sebagai layanan <em>e-Payment</em>. Oleh karena itu, <em>e-Payment</em> memegang peranan penting dalam proses transaksi jual beli pada <em>e-Marketplace</em> khususnya dalam transaksi pembayaran. Seringkali pengguna memiliki kekhawatiran tersendiri dalam melakukan transaksi pembayaran menggunakan <em>e-Payment</em>, salah satu kekhawatiran paling mendasar adalah mengenai jaminan integritas keamanan data dan privasi data pelanggan. Kepercayaan pengguna dipandang menjadi suatu resiko besar yang dapat memberikan pengaruh terhadap minat pembelian pada <em>e-Marketplace</em>. Melalui penelitian ini, akan dianalisis bagaimana tingkat pengaruh kepercayaan pengguna pada <em>e-Payment</em> di Indonesia terhadap transaksi pada <em>e-Marketplace</em> memakai metode <em>Technology Acceptance Model </em>(TAM) versi 3. Hasil penelitian ini merupakan bahan evaluasi bagi <em>vendor</em> <em>e-Marketplace</em> guna melakukan analisis seberapa sering pengguna melakukan transaksi di dalam <em>e-Marketplace</em> sehingga semakin memberikan kepercayaan pengguna untuk melakukan transaksi menggunakan layanan <em>e-Payment</em>.</p><p class="Abstrak"> </p><p class="Abstrak"><em><strong>Abstract</strong></em></p><p class="Abstract"><em>Transactions through e-Marketplace are carried out using digital payment transactions or commonly referred to as e-Payments. Therefore, e-Payment plays an important role in the process of buying and selling transactions on the e-Marketplace, especially in payment transactions. Often users have their own concerns in making payment transactions using e-Payment, one of the most basic concerns is about guaranteeing data security integrity and customer data privacy. User trust is seen as a big risk that can have an influence on buying interest in the e-Marketplace. Through this research, it will be analyzed how the level of influence of user trust in e-Payment in Indonesia on the impact of purchases on e-Marketplace using the Technology Acceptance Model 3 (TAM 3) framework. The results of this study can be used as evaluation material for e-Marketplace vendors to analyze how often users make transactions in the e-Marketplace so that it gives more confidence to users to make transactions using e-Payment services.</em></p><p class="Abstrak"><em><strong><br /></strong></em></p>

scholarly journals On Pooled OLS and Panel Regression Models for Assessing the Contributions of Electronic Payment System on Commercial Banks Profitability

2021 ◽  
Vol 25 (2) ◽  
pp. 61-81
Author(s):  
Kayode S. Adekeye ◽  
◽  
Kelvin E. Igwe ◽  
Olaniyi M. Olayiwola ◽  
◽  
...  
Keyword(s):  
Commercial Banks ◽  
Regression Models ◽  
Payment System ◽  
Panel Regression ◽  
Electronic Payment ◽  
Payment Systems ◽  
Effect Model ◽  
The Impact ◽  
Electronic Payment System ◽  
Panel Regression Models

This study examined the impact of electronic payment system on the profitability of commercial banks in Nigeria. Pooled OLS and Panel regression models were fitted on the data extracted from the banks’ annual reports, Nigerian interbank settlement scheme, and central bank of Nigeria website. The assessment of the contribution of the various electronic payment systems considered were measured using Breusch and Pagan Lagrangian Multiplier (LM) Test, the Hausman Test, Stationarity Test, The Schwarz Criterion, and the Akaike Information Criterion. Results obtained showed that the random effect model was more appropriate than the fixed effect model for all the electronic payment systems considered in this study. Furthermore, it was discovered that there exists a positive relationship between the electronic payment systems and profitability of the commercial banks in Nigeria.

scholarly journals Digital Currency like Bitcoin within the International Monetary System Field

2019 ◽  
Vol 10 (20) ◽  
pp. 57
Author(s):  
Afrizal Fajri ◽  
Muhammad Yamin
Keyword(s):  
World Bank ◽  
International Monetary System ◽  
Internet Technology ◽  
Electronic Systems ◽  
Electronic Payment ◽  
Face To Face ◽  
Digital Currency ◽  
Monetary System ◽  
Traditional Patterns ◽  
Electronic Payment System

<p>Monetary transactions are no longer limited to traditional patterns as electronic systems using internet technology can facilitate whenever and wherever transactions without any face-to-face interaction.  In terms of payment methods, this technology is developing and known as digital currency. Bitcoin is the digital currency with the largest market value. It is an electronic payment system based on a mathematical systems. The idea is to produce an independent currency that is not tied to a particular central authority and has very low transaction costs. Digital currency uses the concept of cryptography to provide basic security functions, such as ensuring that Bitcoin can only be spent by those who have it and it cannot be duplicated. The emergence of this currency has caused controversy in many countries because of its unregulated nature. This study examines Bitcoin and whether it is categorized as money based on the concept of money and how the three main international monetary institutions (IMF, WTO, World Bank) respond to its presence with a basic analysis using the concept of cyberpolitics. This study concludes that Bitcoin has not fully met the criteria as a currency and there are no specific rules yet regarding the existence of digital currency. </p><p><strong>BAHASA INDONESIA ABSTRAK:</strong> Berbicara Transaksi, saat ini tidak lagi hanya terbatas pada pola tradisional, melainkan sudah berkembang menjadi lebih jauh ketika Transaksi difasilitasi oleh system elektronik dengan menggunakan teknologi intrenet, sehingga kapanpun dan dimana pun transaksi dapat dilakukan tanpa bertatap muka langsung. Dalam hal metode pembayaran, teknologi ini juga berkembang. Baru-baru ini dikenal juga istilah mata uang digital. Salah satunya adalah Bitcoin. Ini adalah mata uang digital dengan nilai pasar terbesar. Ini adalah sistem pembayaran elektronik yang didasarkan pada sistem matematika. Idenya adalah untuk menghasilkan mata uang independen yang tidak terikat pada otoritas pusat tertentu, dengan biaya transaksi yang sangat rendah. Mata uang digital menggunakan konsep kriptografi untuk menyediakan fungsi keamanan dasar, seperti memastikan bahwa Bitcoin hanya dapat digunakan oleh mereka yang memilikinya dan tidak dapat diduplikasi. Munculnya mata uang ini menimbulkan kontroversi di banyak negara karena sifatnya yang tidak diatur. Studi ini meneliti Bitcoin apakah dikategorikan sebagai uang berdasarkan konsep uang dan bagaimana tiga lembaga moneter internasional utama (<em>IMF</em>, <em>WTO</em>, Bank Dunia) merespons kehadirannya dengan analisis dasar menggunakan konsep cyberpolitik. Akhir dari penelitian ini menyimpulkan bahwa Bitcoin belum sepenuhnya memenuhi kriteria sebagai mata uang dan tidak ada aturan khusus mengenai keberadaan mata uang digital.</p>

scholarly journals A A Conceptual Framework Integration of UTAUT and HBM on Evaluating the Adoption of Electronic Payment System in Malaysia

2020 ◽  
Vol 7 (4) ◽  
pp. 1164-1176
Author(s):  
Ishaq Jaafar
Keyword(s):  
Health Risk ◽  
Conceptual Framework ◽  
Perceived Health ◽  
Payment System ◽  
Individual Behavior ◽  
Electronic Payment ◽  
Perceived Susceptibility ◽  
Perceived Severity ◽  
The Impact ◽  
Electronic Payment System

Given the ongoing epidemic coupled with low acceptance of electronic payment system, such could affect individual behavior. It is through the identification of this factors that affect individual behavior that aide toward overcoming the present challenges faced in influencing individual participation in electronic payment system. The main aim of this study is to propose a conceptual framework on the term of improving the adoption of electronic payment system. Through the incorporation of grounding theory of unified theory of acceptance model and health benefit model from both quantitative and qualitative studies, we select three influencing variables perceived susceptibility, perceived severity, perceived health risk which affect electronic payment adoption. This paper further explores the impact of identified variables perceived susceptibility, perceived severity the role of perceived health risk as mediator. Finally, this paper finalized a conceptual model after exploring previous studies and propose an empirical investigation for validation in future for researchers and practitioners.

The Fiscal Effects of Economic Immigration on Subnational Government Finance in Poland

e-Finanse ◽  
2019 ◽  
Vol 15 (1) ◽  
pp. 45-58
Author(s):  
Marzanna Poniatowicz ◽  
Agnieszka Piekutowska
Keyword(s):  
Social Policy ◽  
Income Tax ◽  
Research Question ◽  
Personal Income Tax ◽  
Government Finance ◽  
Subnational Government ◽  
Migration Research ◽  
The Impact ◽  
High Share

AbstractThe aim of the paper is to analyse the effects of economic immigration on subnational government finance (SNG) in Poland. The goal to achieve is to answer the following research question: what are the fiscal effects of immigration on SNG budget revenues and expenditures. To answer this question, logarithmic models were developed. The analysis refers to the years 2007-2016. In this respect, data from Statistics Poland - referring to budget revenues and expenditures of communes, cities of district status, districts and voivodeships - were used. As far as immigration statistics are concerned, data from the Ministry of Family, Labour and Social Policy were used. The results indicate an increase in both revenues and expenditures of SNG as a result of immigration. Such results can be explained inter alia by the nature of migration - research were focused on economic immigration. Results confirm that the level of employment of foreigners is one of the determinants shaping the fiscal effect of immigration. Moreover, the impact of economic immigration on SNG budget revenues and expenditures depends on the structure of this budget. This explains the differentiated results of the analysis of the impact of immigration on SNG in different countries. The positive correlation between immigration and SNG revenues in Poland can be associated with a high share of subnational governments in personal income tax revenues as this tax is one of the main categories of SNG revenues. Furthermore, results show that the impact of immigration on local government budgets in Poland is modest. This confirms the conclusions drawn by other authors (e.g. Auerbach and Oreopoulos), that in the long term, immigration cannot be considered as a potential instrument for resolving fiscal imbalances.

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