To see the other types of publications on this topic, follow the link: Payment channels.
Journal articles on the topic 'Payment channels'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Payment channels.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Guo, Yunwei, Haochen Liang, Liehuang Zhu, and Keke Gai. "Zk-SNARKs-Based Anonymous Payment Channel in Blockchain." Blockchains 2, no. 1 (February 5, 2024): 20–39. http://dx.doi.org/10.3390/blockchains2010002.
Full textAbstract:
Payment channels serve as an effective solution to the scalability problem of cryptocurrencies, which significantly increase transaction rates by allowing users to conduct large-scale offline transactions off-chain without posting everything to the blockchain. However, the existing payment channels lack privacy protection for the transaction amount and the linking relationship between the two parties to the transaction. Therefore, in order to address the scalability and privacy issues of cryptocurrencies such as Bitcoin, this paper proposes a zk-SNARKs-based anonymous payment channel (zk-APC), which supports an unlimited number of off-chain payments between the payer and the payee and protects the privacy of the participants. Specifically, the proposed scheme achieves relational anonymity and amount privacy for both on-chain and off-chain transactions in the payment channel through utilizing zero-knowledge proof (zk-SNARKs) and commitment schemes. This paper proves that the proposed method is more effective than similar schemes through a performance evaluation.
2
Sabara, Edi, and Heriyanto. "SISTEM INFORMASI PEMBAYARAN SPP MENGGUNAKAN VIRTUAL ACCOUNT BERBASIS WEBSITE PADA SEKOLAH IMAM MUSLIM BEKASI." INFOTECH journal 9, no. 1 (February 20, 2023): 62–68. http://dx.doi.org/10.31949/infotech.v9i1.4648.
Full textAbstract:
Currently, the Imam Muslim School located on Jalan Raya Kranggan Gg Elang IX, Rt 002/Rw 003 Jatiraden, Jatisampurna, Bekasi, is still using manual bookkeeping and payment systems. With payment using a manual system this can make it difficult for students who want to make tuition payments, therefore the author is trying to create an Educational Contribution Payment Information System (SPP) program using a website-based virtual account using the PHP and MySQL programming languages. This system can simplify the process of operational activities in schools in managing tuition payments, reporting and also make it easier for students to make payments. Because payments can be made online through bank channels or modern payment channels such as Indomaret and Alfamart
3
Qian, Hangguan, and Lin You. "A Multipath Payment Scheme Supporting Proof of Payment." Wireless Communications and Mobile Computing 2022 (January 4, 2022): 1–7. http://dx.doi.org/10.1155/2022/9911915.
Full textAbstract:
Blockchain technology has always been plagued by performance problems. Given this problem, many scaling schemes have been put forward. A layer 2 network is a technology that solves the performance problem of blockchain. Connected parties in this network can set up channels to send digital currency to each other. Since the interaction with the blockchain is only required when the channel is established and closed, a large number of transactions do not need to be recorded on the blockchain, thus reducing the blockchain capacity. Due to the special structure of the payment channel, the distribution of funds in the channel is often unbalanced, which limits the route payment to a certain extent. This paper improves the original payment method in the second layer network by introducing new scripts. The new payment scheme supports proof of payment which is integral to the nature of the lightning network and divides the payment into several subpayments, so the large payment can be divided into relatively small payments. Due to the capacity limitation of the payment channel, theoretically, the success rate of the micropayment route is higher. This paper tests the new payment scheme on the simulated network and validates the nature of this solution to have a high routing success rate while supporting proof of payment.
4
Gill, Atif Ali, Riaz Hussain Ansari, Zobia Malik, and Muhammad Waseem Tufail. "An Empirical Analysis to Understand Consumer Intention to Use Mobile Payment Platform: The Mediating Role of Trust." Journal of Business and Social Review in Emerging Economies 7, no. 1 (March 31, 2021): 209–17. http://dx.doi.org/10.26710/jbsee.v7i1.1610.
Full textAbstract:
Money transfer through third-party mobile payment platforms has become common nowadays in western countries. While in developing countries, the adoption of mobile payment channels still at the infancy stage. The current study based on diffusion of innovation theory investigates the antecedents of intention to use mobile payment channels through trust's mediating role. The survey method was used to collect data from the 250 consumers using the mobile payments services of JazzCash and Easypaisa in Pakistan. Partial least square structural equation modeling (PLS-SEM) technique employed to test the collected data statistically. Results found the significant impact of mobility, customization, and security on trust that intends to utilize mobile-payment channels. The current study's findings provide guidelines to the administration of mobile payment systems to improve security features, mobility, and customization that wins customers' trust and is inclined to use mobile payment platform.
5
Wu, Banggang, Xiaoyu Deng, and Xuebin Cui. "Cash on delivery or online payment: mobile channel, order size and payment methods." Journal of Contemporary Marketing Science 3, no. 2 (May 26, 2020): 225–42. http://dx.doi.org/10.1108/jcmars-12-2019-0048.
Full textAbstract:
PurposeThe existing research does not systematically explore customers' option about different payment methods, nor does it analyze how shopping channels and shopping scale affect customers' option about different payment methods. Furthermore, there is a lack of exploration on what the relationship is, and how they are adjusted by customer purchasing experience. The authors’ research questions are: (1) when using different shopping channels in online retailing, whether customers will choose different types of payment methods? (2) Does the purchase amounts affect customers' choice of different payment methods?Design/methodology/approachThis study takes 60,484 customers from JD.com, one of the largest B2C platforms in China, as the research object and collects the purchase data of these customers from October 01, 2012 to December 31, 2013, and analyzes them through panel data models.FindingsBased on their purchase data, the authors find the main results by using panel data model that (1) the use of mobile channel has a positive effect on cash on delivery (COD), implying that when consumers use mobile to purchase, they have a higher possibility to use COD, (2) the order size has a positive effects on COD, that is to say, when the purchase amount increases, the possibility of using COD also increases. (3) Furthermore, when consumers' purchase experience abound, mobile channel's positive effect on COD will be decreased, but it does not affect the positive effect between order size and COD.Originality/valueFrom the aspects of shopping channels, product attributes and customer purchase experience, it fills the gaps in the research on the preselection of payment methods and makes research of payment methods a complete research system. Secondly, this study adds COD to the options of payment method selection. Finally, the moderating effect of customer shopping experience from a dynamic perspective elaborates that customers can learn from multiple purchases and overcome the shopping risks brought by shopping channels, thereby reducing the probability of choosing a COD method.
6
Burchert, Conrad, Christian Decker, and Roger Wattenhofer. "Scalable funding of Bitcoin micropayment channel networks." Royal Society Open Science 5, no. 8 (August 2018): 180089. http://dx.doi.org/10.1098/rsos.180089.
Full textAbstract:
The Bitcoin network has scalability problems. To increase its transaction rate and speed, micropayment channel networks have been proposed; however, these require to lock funds into specific channels. Moreover, the available space in the blockchain does not allow scaling to a worldwide payment system. We propose a new layer that sits in between the blockchain and the payment channels. The new layer addresses the scalability problem by enabling trustless off-blockchain channel funding. It consists of shared accounts of groups of nodes that flexibly create one-to-one channels for the payment network. The new system allows rapid changes of the allocation of funds to channels and reduces the cost of opening new channels. Instead of one blockchain transaction per channel, each user only needs one transaction to enter a group of nodes—within the group the user can create arbitrarily many channels. For a group of 20 users with 100 intra-group channels, the cost of the blockchain transactions is reduced by 90% compared to 100 regular micropayment channels opened on the blockchain. This can be increased further to 96% if Bitcoin introduces Schnorr signatures with signature aggregation.
7
Kemal Akkaya, Suat Mercan, and Enes Erdin. "An evaluation of cryptocurrency payment channel networks and their privacy implications." ITU Journal on Future and Evolving Technologies 2, no. 1 (March 15, 2021): 35–44. http://dx.doi.org/10.52953/clbl7402.
Full textAbstract:
Cryptocurrencies redefined how money can be stored and transferred among users. However, public blockchain-based cryptocurrencies suffer from high transaction waiting times and fees. To address these challenges, the payment channel network concept is touted as the most viable solution to be used for micro-payments. The idea is exchanging the ownership of money by keeping the state of the accounts locally which provides transaction approvals in seconds. Such attention on payment channel networks has inspired many recent studies that focus on how to design them and allocate channels such that the transactions will be secure and efficient. However, as payment channel networks are emerging and reaching a large number of users, privacy issues are becoming more relevant, this raises concerns about exposing not only individual habits but also businesses' revenues. In this paper, we first propose a categorization of the existing payment networks formed on top of blockchain-backed cryptocurrencies. After discussing several emerging attacks on user/business privacy in these payment channel networks, we qualitatively evaluate them based on a number of privacy metrics that relate to our case. Based on the discussions on the strengths and weaknesses of the approaches, we offer possible directions for research for the future of privacy based payment channel networks.
8
Delgado-Téllez, Mar, Pablo Hernández de Cos, Samuel Hurtado, and Javier J. Pérez. "The Macroeconomic Impact of Delayed Government Payments: A Case Study." Public Finance and Management 17, no. 2 (June 2017): 152–69. http://dx.doi.org/10.1177/152397211701700203.
Full textAbstract:
We analyze the impact of a drastic reduction in delayed governments’ payments on private sector activity. We focus on the case of Spain, a country in which a number of policy reforms were implemented to cope with increasing regional and local government payment periods and trade debt. Most noticeably, over 2012–2014 the Spanish central government approved various extraordinary mechanisms for the payment of local and regional government suppliers which have significantly reduced the stock of trade debt and the average supplier payment period of these levels of government. Successive plans have made it possible to unblock payments and channel funds of close to 7% of GDP to the private sector in somewhat less than three years, in a period of economic weakness, fiscal consolidation and tight credit. We explore the variety of channels on which plans of this type may operate through the lens of a macroeconomic model, and present empirical estimates of a positive impact of such policy measures on economic activity.
9
Ahmet Kurt, Suat Mercan, Enes Erdin, and Kemal Akkaya. "3-of-3 multisignature approach for enabling lightning network micro-payments on IoT devices." ITU Journal on Future and Evolving Technologies 2, no. 5 (July 23, 2021): 53–67. http://dx.doi.org/10.52953/wzpc8083.
Full textAbstract:
Bitcoin's success as a cryptocurrency enabled it to penetrate into many daily life transactions. Its problems regarding the transaction fees and long validation times are addressed through an innovative concept called the Lightning Network (LN) which works on top of Bitcoin by leveraging off-chain transactions. This made Bitcoin an attractive micropayment solution that can also be used within certain IoT applications (e.g., toll payments) since it eliminates the need for traditional centralized payment systems. Nevertheless, it is not possible to run LN and Bitcoin on resource-constrained IoT devices due to their storage, memory, and processing requirements. Therefore, in this paper, we propose an efficient and secure protocol that enables an IoT device to use LN's functions through a gateway LN node even if it is not trusted. The idea is to involve the IoT device only in signing operations, which is possible by replacing LN's original 2-of-2 multisignature channels with 3-of-3 multisignature channels. Once the gateway is delegated to open a channel for the IoT device in a secure manner, our protocol enforces the gateway to request the IoT device's cryptographic signature for all further operations on the channel such as sending payments or closing the channel. LN's Bitcoin transactions are revised to incorporate the 3-of-3 multisignature channels. In addition, we propose other changes to protect the IoT device's funds from getting stolen in possible revoked state broadcast attempts. We evaluated the proposed protocol using a Raspberry Pi considering a toll payment scenario. Our results show that timely payments can be sent and the computational and communication delays associated with the protocol are negligible.
10
Sopingi, Ety Meikati, and Wijiyanto. "Application of the Rational Unified Process Method in Web Service Development Payment System Integration with Multibank Virtual Accounts." Jurnal E-Komtek (Elektro-Komputer-Teknik) 5, no. 1 (June 29, 2021): 75–88. http://dx.doi.org/10.37339/e-komtek.v5i1.565.
Full textAbstract:
The Payment System is a series of interconnected components consisting of rules, institutions, and procedures used for money transactions in fulfilling the obligations of economic activities. The Duta Bangsa University of Surakarta is a case study in this research where the student payment system is still a billing system. The faculty finance department gives bills tuition fees to students one by one. Moreover, it determines the bank used for payments. It resulted in quite many queues when filling out the study plan card (KRS) and exams. This research aims to produce a web service application and standardization with good performance in the payment process at Duta Bangsa University through virtual accounts from various banks and payment channels. The method used to achieve the authors' goals in this study is the Rational Unified Process (RUP) method. The research result is a web service application that can make invoices, inquiries, payments, and reversals of various bank payment channels. The User Acceptance Test results show a very agreeable value of 94.17%, so that the web service is feasible for the production version application. While testing the response time to measure performance for 7 (seven) days, the average response time was 0.49809 seconds.
11
Panggah Mulyo, Gagat, Marsella, Muhammad Fallas Taufiqurrohman, Vita Ditya Wardani, and Muhammad Zilal Hamzah. "Systematic Literature Review: The Role of Digital in the Management of Zakat." Proceeding of International Conference on Islamic Philantrophy 1 (July 8, 2023): 170–81. http://dx.doi.org/10.24090/icip.v1i1.403.
Full textAbstract:
The purpose of this study is to explain the role of digitalization in the development of zakat management in Indonesia. This research is motivated by the development of zakat collection systems such as the digital zakat financial system that utilizes digital platforms. The research method used is qualitative and based on a systematic literature review approach. Sources of data come from literary journals published by Scopus and Google Scholar indexed publishers (Sinta 2 and Sinta 3). Data was collected using the Publish or Perish (PoP) program. Selected articles are analyzed using the VOSviewer tool to submit article title, author name, country of origin, and trending keywords. The ease of paying zakat is a key factor that opens the way for Muzaki to pay zakat. The community's understanding of the channels that can be used to pay zakat will certainly provide a solution if the community has difficulty paying Amir Zakat directly. In general, organizations have three channels to manage zakat. That is, direct payment channels, payment channels through banks, payments through point of sale, or payments through electronic media (digital payments).
12
Shcherbina, E. S., and V. І. Mesiura. "Payment Channels in Stellar Blockchain." Visnyk of Vinnytsia Politechnical Institute 160, no. 1 (2022): 76–81. http://dx.doi.org/10.31649/1997-9266-2022-160-1-76-81.
Full text
13
van Dam, Gijs, and Rabiah Abdul Kadir. "Hiding payments in lightning network with approximate differentially private payment channels." Computers & Security 115 (April 2022): 102623. http://dx.doi.org/10.1016/j.cose.2022.102623.
Full text
14
Rojowski, Ryszard. "System Open Payment by R&G for MKS Mielec." AUTOBUSY – Technika, Eksploatacja, Systemy Transportowe 19, no. 12 (December 31, 2018): 16–21. http://dx.doi.org/10.24136/atest.2018.346.
Full textAbstract:
Open Payment System allows safe charging, management and monitoring of the payment through different channels. The system produced by R&G for MKS Mielec allows to introduce a modern additional channel of public transport ticket sale in Mielec. It has been created by R&G in cooperation with Ingenico, Bee-Tech and eService. System Open Payent solution allows wireless card payment for the ticket in R&G production ticket validator.
15
Kovács, Levente, and Sandor David. "Fraud risk in electronic payment transactions." Journal of Money Laundering Control 19, no. 2 (May 3, 2016): 148–57. http://dx.doi.org/10.1108/jmlc-09-2015-0039.
Full textAbstract:
Purpose The purpose of this paper is the timely review of regulations on the security of electronic payments, payment innovations and their vulnerabilities and discussing the recommendations elaborated by the European Forum on the Security of Retail Payments. Design/methodology/approach First, the article presents a serious fraud case which happened in the Hungarian banking system. This case demonstrates all risks associated with the security of payment channels being used. Next, the article examines those international SecuRe Pay Forum recommendations which target the elimination of such fraud risks. Finally, the article compares current domestic regulations with these recommendations. Findings The fraud incidents and the speed of penetration of new fraud techniques and methods caught the attention of payment service providers, customers, supervisors and overseers. The result of their cooperation is the European Forum on the Security of Retail Payments. The forum elaborated three sets of recommendations on security of Internet payments, payment account access services and mobile payments, which are missing elements of the present Hungarian and pan-European regulations. Both domestic and international regulators should build on the revised Payment Services Directive and the recommendations in question, to avoid fraud incidents like the one this article initially portrayed. Originality/value The article presents a specific, true case which took place in Hungary in 2014.
16
Cai, Xinyu, Marko Milojevic, Denis Syromyatnikov, Anastasia Kurilova, and Beata Ślusarczyk. "Mathematical Interpretation of Global Competition between Payment Systems." Mathematics 9, no. 17 (August 27, 2021): 2070. http://dx.doi.org/10.3390/math9172070.
Full textAbstract:
The present study seeks to present a mathematical interpretation of the perception of new entrants to the global payments market on whether FinTech’s innovations promote competitiveness in the market. The study also quantitatively evaluates the competitive trends observed in the global payments market. The sampling frame consists of 504 respondents across 28 countries. The study is based on the analysis of the survey results using SPSS Statistics and Stata. The survey addressed four groups of factors influencing the competitiveness of the payment system (i.e., ‘Costs’, ‘Service Channels’, ‘Privacy and Security’, ‘Quality and Efficiency’). The respondents believe that FinTech innovations have a strong positive effect on the payment system’s competitiveness (M = 4.32). The results of the present study may be of interest to specialists and researchers who deal with the competitive dynamics of the global payments business, with payment innovations, and with convergence and transformation of the payments industry.
17
Enukoha, Chidiebere U., Pius U. Angioha, Chioma Mba, and Abdulrasheed A. Abdulraheem. "ICT Revolutions in the Banking Sector of Nigeria: Determinants of E-Payment Channels By Customers." Quantitative Economics and Management Studies 3, no. 5 (September 13, 2022): 680–90. http://dx.doi.org/10.35877/454ri.qems1054.
Full textAbstract:
Over two decades, the banking industry in Nigeria has been experiencing unprecedented ICT revolutions. These dynamics are reshaping and remodeling the entire sector. It is revolutionizing traditional banking methods using e-banking as an excellent tool for driving fast financial transactions. E-banking offers tremendous transaction opportunities to customers. This study examined factors that determine customers' choice of e-banking platform in Nigeria. The predictors considered here are Usefulness, reliability, ease of use and security. The study used a survey method. The sample size was determined using Survey Monkey Sample Size Determinant Technique at 3.3 margin error with 95 per cent confidence level. Semi-structured interview and questionnaire to retrieve data from participants. Elucidated data was analyzed using descriptive and parametric statistics. Results revealed that 71.5 per cent of the participants reported that electronic payment channel was easy to use, 99.5 per cent reported the Usefulness of electronic payment channel. Only 27.9 said that electronic payment channels are secured and safe. Again, 47.7 per cent reported that the electronic payment channel was reliable. From the parametric statistics carried out, the result revealed that Usefulness, security, ease of use and reliability are significant drivers of e-payment channels. The study recommends a need for the banks, fintech, financial and regulatory agencies to put in place structures and resources that will help improve the safety of the platforms and their reliability.
18
Septech, Jassada, Motree Socatiyanurak, and Vorapol Socatiyanurak. "Cashless Economy: The Behavior of Using E-payment in Thailand." Parichart Journal, Thaksin University 36, no. 1 (January 5, 2023): 231–48. http://dx.doi.org/10.55164/pactj.v36i1.259344.
Full textAbstract:
This research article aims to study the behavior of using e-payment in Thailand, examining the financial factors of: 1) stepping into Thailand's cashless society, 2) people's perceptions of a cashless society, and 3) financial forecasting. In the research, Part 1 results indicate that Thailand is experiencing a growing behavior of using e-payment due to the continuous growth of payment channels through various payment systems and channels. According to the period from 2010 to 2021, a significant leap forward in this regard has been witnessed. Thus, Thailand is likely to transition from a cash-based society to a cashless society. This situation agrees with research by Thomas et al. [1]. In the current research, Part 2 results describe a study of 2,800 respondents from 2015 to 2019 and the effects of this behavior of using e-payments. Exchange and payment all come from consumer decision-making behavior. Since financial technology, or Fintech, is now part of the direction of the development of a cashless society in Thailand, the adoption and use of technology is, therefore, an important factor. The important internal factors include Performance Expectancy, Effort Expectancy, Social Influence, etc., which are consistent with and related to the behavior of using e-payment. From this research, it was concluded that the factors related to the transformation towards the behavior of e-payment in Thailand are the following: 1) personal factors, i.e. gender, age; 2) factors affecting decision-making; 3) factors of acceptance and use; and 4) technology adoption, all of which are factors that correlate with e-payment behavior.
19
Kim, Wooseong. "Coalition Formation Game for Cost-Efficient Multiparty Payment Channel in Payment Channel Networks." Sensors 23, no. 9 (May 6, 2023): 4524. http://dx.doi.org/10.3390/s23094524.
Full textAbstract:
Blockchain has introduced a new era for online payment services and its economy with tamper-proof cryptocurrencies. However, blockchain, which is based on global peer-to-peer networks, has its limitations due to payment delays from global consensus and transaction costs for maintenance. Thus, payment channel networks (PCN) have been proposed as one of the most promising off-chain solutions, allowing users to pay directly through payment channels (PC), with minimal blockchain involvement. However, payment delays and cost problems still exist, especially given the large size of the PCN. This study proposes a multiparty payment channel (MPC) that enables multiple users to join the same PC and exchange payment transactions, compared to the legacy PC. To avoid a consensus procedure among users in the PC, we introduce sequential and parallel updates for the PC status. Since increasing the MPC size limits the advantages in terms of the delay and cost, we propose a distributed coalition formation algorithm to form the MPC group, in which each user has the choice to join or leave the group. Simulations show that the proposed algorithm establishes MPCs successfully, considering the trade-off between the payoff gain and the MPC delay cost.
20
Kim, Sanghun, Taewoo Kim, Sujin Pae, and Sangphill Kim. "Audit fees via an indirect payment channel and professional skepticism." Managerial Auditing Journal 33, no. 5 (May 8, 2018): 517–34. http://dx.doi.org/10.1108/maj-12-2016-1490.
Full textAbstract:
Purpose This paper aims to examine the merit of an indirect payment system for audit fees, a system where an intermediary collects fees from the auditee and then pays this audit fee to the auditor. Design/methodology/approach Big 4 auditors and professional analysts in South Korea participated in an experiment and survey to investigate whether the change in the payment channel (from direct to indirect) of audit fees positively impacts auditors’ decision-making. Findings The authors find evidence that the indirect payment of audit fees is positively associated with professional skepticism. Research limitations/implications This paper, by highlighting the potential for alternate auditor payment channels to improve the quality of auditor judgments, motivates future research in this area. Practical implications Qualified by the need for further research, the potential merit in an indirect payment system may have implications for audit regulators. Social implications An indirect payment channel has the potential to improve public perceptions of the audit function, thereby elevating society’s confidence in auditor opinions and improving the effectiveness and efficiency with which scarce resources are distributed within society. Originality/value This study is one of the first that looks into a systematic change in audit fee payment channel and how an indirect payment system of audit fees impacts professional skepticism.
21
Nathan, Omubo Pepple Stella. "Monetary Policy Transmission Channels on the Performance of Nigerian Stock Market." INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT 8, no. 3 (September 4, 2023): 140–52. http://dx.doi.org/10.56201/ijefm.v8.no3.2023.pg140.152.
Full textAbstract:
This study examined the effect of electronic payment instruments and inflation rate in Nigeria. The objective was to study the effect of different electronic payment instruments on Nigeria inflation rate. Time series data were sourced from Central Bank of Nigeria Statistical Bulletin from 2012 to 2021. Nigeria inflation rate was model as the function of automated teller machine, point of sales, web payment, mobile payment, Nigeria interbank payment and cheque payment. Ordinary least square was used as data analysis methods. The study found that 77.4 and 62 percent variation in inflation rate in Nigeria was explained by variation in electronic payment instruments. From the findings, the study concludes that automated teller machine has positive and significant effect on inflation rate in Nigeria, point of sales has positive and significant effect on inflation rate in Nigeria, web payment has positive but no significant effect on inflation rate in Nigeria, mobile payment has positive but no significant effect on inflation rate in Nigeria, Nigeria inter-bank payment has positive and significant effect on inflation rate in Nigeria while cheque payment has positive but no significant effect on Nigeria inflation rate. the study therefore recommend that, the regulatory authorities should ensure that the application of electronic payment instruments such as Automated Teller machine and point of sales regulated to achieve price stability and low inflation and that the application of electronic payment statistics should be harmonized with the monetary policy objectives of achieving low inflation and policies should be guided to reduce the amount of electronic payment transactions.
22
Umare, Sanjana S., and Prof Ms Santoshi Pote. "Cryptocurrency based Payment channel for Edge/ IoT devices." International Journal for Research in Applied Science and Engineering Technology 10, no. 4 (April 30, 2022): 2865–69. http://dx.doi.org/10.22214/ijraset.2022.41787.
Full textAbstract:
Abstract: Due to the potential applications in a range of industries, blockchain-based cryptocurrencies have recently gained a lot of attention worldwide. One of these applications is in the domain of the Internet of Things. With B-IoT i.e. merging Blockchain with IoT, we aim to utilize the power of cryptocurrencies without jeopardising payment security, privacy, or long transaction period. On the other hand, traditional payment modes and methods are hampered by relatively lengthy complex process fees making them vulnerable to physical cash exchange thefts. This makes the process of transferring assets complex. By developing a payment channel network, we propose an entirely new and unique model to address these concerns by allowing nodes to build payment channels between themselves without needing to write to the network and benefit us from payment networks like blockchain. Payment channel networks have an exceptional set of characteristics regarding routing complexity. In this study, we describe a detailed analysis of a payment channel network design that will help us make the transaction process through the edge and IoT systems a lot faster and more accessible. Furthermore, there are various references which show that using edge-IoT devices to connect nodes greatly improves the success and efficiency rate. Index Terms: Cryptocurrency, Blockchain, Edge and IoT devices, Payment channel network, Security, Ethereum.
23
BAGUDU, Igbekele Gavine, and Ugo Chuks OKOLIE. "Analysis of Prospects and Challenges of E-Payment System in Nigeria." Journal of Business 11, no. 1 (June 21, 2022): 38–45. http://dx.doi.org/10.31578/job.v11i1.199.
Full textAbstract:
E-payment is an electronic transfer of cash via online transaction for business -to- consumer (B2C), business-to-business (B2B), person –to- person (P2P), and most recently administration -to- consumer (A2C) purposes. Nigeria payment system has been predominately cash – based. However the cost of cash to Nigeria financial system is high and increasing. It is in this respect that the Central Bank of Nigeria (CBN) introduced the cashless policy with the objective of promoting the use of e-payment channels instead of cash. E-payment system apart from convenience and safety also have a significant number benefits which include faster access to capital, reduced risk of cash-related crimes, access to credit, reduced cash handling costs, increased tax collections, reduced revenue leakage, greater financial inclusion, more service options, encouraged financial deepening and promotes savings, reduced risk in payments and settlements, increased economic development.
24
Falah hasan, Hasan, Mohd Najwadi Bin Yusoff, and Shams Mhmood Abd Ali. "Bitcoin Layer Two Scaling Solutions: Lightening Payment Channels Network Comprehensive Review, Mechanisms, Challenges, Open Issues and Future Research Directions." Iraqi Journal For Computer Science and Mathematics 5, no. 1 (January 2, 2024): 25–59. http://dx.doi.org/10.52866/ijcsm.2024.05.01.003.
Full textAbstract:
Blockchain technology era is triggered due to current advancement in the decentralized paradigms via facilitating secure collaboration among untrusted entities consequently superseding the necessity for the trusted third parties’ existence. Notwithstanding its potential, blockchain scalability faces severe limitations such as low throughput, high fees, and confirmation time latency. Several scaling solutions have been proposed, including layer one solutions that substantially require fundamentally amending blockchain underlying infrastructure resulted in further scalability complications. Layer two solutions, specifically Lightning Network, is a successful cryptographic layer built atop of the Bitcoin blockchain that aims to alleviate these implications by deporting transaction processing outside blockchain while ensuring security and consensus inherited from blockchain without compromising its infrastructure. Payment channels form the core of the lightning network, facilitating fast and secure transactions between participants. However, the network encounters substantial obstacles associated with transaction amounts that exceed the current channel capacity, leading to payment failures and limiting its effectiveness. Payment Channel Networks (PCN) have been risen as an evolved replacement that solves payment channel’s issues, seeking to enhance transaction throughput and reduce confirmation delays by solving limited capacities shortages. This paper thoroughly examines PCN efficiency impacting factors that hinder its current adoption growth and avoiding its widespread employment. Additionally, existing solutions are reviewed and categorized based on the PCN building architecture. The research concludes by outlining potential research avenues and future directions to improve the efficiency and practicality of the Lightning Network PCN. This research contribution aids the advent of blockchain layer two technology and participates in its integration into real-world applications.
25
Sunil, Shisode Vikas, and Dr Nidhi Nalwaya. "Digital Payment Systems – An Overview of Categories and Extant Opportunities and Challenges." International Journal for Research in Applied Science and Engineering Technology 11, no. 4 (April 30, 2023): 211–17. http://dx.doi.org/10.22214/ijraset.2023.50019.
Full textAbstract:
Abstract: The payments industry is changing as a result of mobile payments. These services give non-banking actors a way to break into the sector. Banks, who are already involved in the traditional payments sector, must provide mobile payments in order to meet this threat. Right now, we're in a digital era. India is about to see a significant digital revolution. The increasing connectivity that the Internet provides in today's society has altered the way that money is exchanged. The use of several technologies, including smartphones, computers, iPads, tablets, and the internet, has advanced dramatically in India. Smartphones and government initiatives like Digital India are acting as catalysts for the exponential growth in the use of digital payment as a result of the increase in internet users. In India, efforts are being made to switch to electronic payments. A digital payment system is one that processes payments through digital channels and an electronic network. Every transaction involving digital payments is completed online. It is a speedy and useful way to pay. With the aim of promoting cashless transactions and turning the Indian economy into a digital one, a number of digital payment options are available, including banking cards, USSD, UPI, AEPS, mobile wallets, POS terminals, Micro- ATMs, the internet, mobile banking, and BHIM.
26
Aryal, Sabina. "Factors Affecting Consumers' Perception on Electronic Payment System." Lumbini Journal of Business and Economics 9, no. 1-2 (June 30, 2021): 86–99. http://dx.doi.org/10.3126/ljbe.v9i1-2.45991.
Full textAbstract:
The recent growth and development of technologies has led to considerable improvement in internet technologies. Largely, electronic business services are fulfilling consumer’s requirements. Electronic payment (e-payment) systems are increasingly popular in Nepal, due to the widespread use of internet for shopping and banking services as well as COVID-19 have influence people in using e-payment channels. Nepal has established a different online payment platform with other online payment services to facilitate sending and/or receiving of services for individuals or corporations via electronic channels. This study has developed a conceptual model to examine the significant factors that influence consumers’ perception of e-payment in Nepal. The findings of a sample set of respondents (384) analyzed using multiple regression analysis indicate that benefit, ease of use, security and self-essence influence Nepal consumers’ perception of e-payment systems, while trust is not significantly associated with consumers’ perception of e-payment.
27
Victor Chukwunweike EHIEDU, Anastasia Chi-Chi ONUORAH, and Josephine Ofure, CHIEJINA. "E-PAYMENT SYSTEM (EPS) AND EFFICIENCY OF BANKS IN NIGERIA." International Journal of Applied Research in Social Sciences 5, no. 1 (February 5, 2023): 1–13. http://dx.doi.org/10.51594/ijarss.v5i1.440.
Full textAbstract:
This study examines the effect of e-payment system (EPS) on the efficiency of banks in Nigeria. Specific objectives are to determine the implication of mobile payment, Automated Teller Machine (ATM) and POS on the efficiency of Nigerian banks, by collating data Central Bank of Nigeria (CBN), from the year 2012 to 2016. A linear regression analysis was used via SPSS to carry out the analysis, at a significance level of 0.05. The result of the analysis obtained a P-Value significance of 0.333 which connotes that there is no discernible effect of EPS on the efficiency of banking in Nigeria. The study recommended that Banks and other financial institutions should intensity efforts in mounting other e-payment channels to promote trade and commerce in Nigeria and the CBN should embark on intensive campaign for complete adoption of e- payments products especially at the grassroots.
Keywords: Electronic, Payment, System, Mobile and Efficiency.
28
Dinh, Thien-Nam, Florentin Rochet, Olivier Pereira, and Dan S. Wallach. "Scaling Up Anonymous Communication with Efficient Nanopayment Channels." Proceedings on Privacy Enhancing Technologies 2020, no. 3 (July 1, 2020): 175–203. http://dx.doi.org/10.2478/popets-2020-0048.
Full textAbstract:
AbstractTor, the most widely used and well-studied traffic anonymization network in the world, suffers from limitations in its network diversity and performance. We propose to mitigate both problems simultaneously through the introduction of a premium bandwidth market between clients and relays. To this end, we present moneTor: incentivizing nodes to join and support Tor by giving them anonymous payments from Tor users. Our approach uses efficient cryptographic nanopayments delivered alongside regular Tor traffic. Our approach also gives a degree of centralized control, allowing Tor’s managers to shape the economy created by these payments. In this paper, we present a novel payment algorithm as well as a data-driven simulation and evaluation of its costs and benefits. The results show that moneTor is both feasible and flexible, offering upwards of 100% improvements in differentiated bandwidth for paying users with near-optimal throughput and latency overheads.
29
Marlina, Asti, and Nadia Maulida. "IMPLEMENTASI BSM PEMBAYARAN INSTITUSI MELALUI MANDIRI SYARIAH MOBILE DI UNIVERSITAS IBN KHALDUN BOGOR." Moneter: Jurnal Keuangan dan Perbankan 8, no. 1 (April 8, 2020): 14. http://dx.doi.org/10.32832/moneter.v8i1.3675.
Full textAbstract:
<p><em>The development of digital banking is expanding and developing at any time to facilitate community activities and make time efficient. In implementing this, Bank Syariah Mandiri is present by providing BSM Institutional Payment (BPI) operational services that function as an institutional bill payment system that can be done through Bank Mandiri Syariah e-channels including Mandiri Syariah Mobile. One institution that cooperates in institutional payment services is the University. During the admission of new school year students and the change of new semesters, as well as the increasing case of Covid-19, banks and universities worked together on this service to reduce physical contact with many people in receiving tuition payments. Before implementation, the University needs to submit an application to the nearest branch office which is then forwarded to the head office so that it can be immediately implemented. Implementation of BSM Institutional Payments at the University of Ibn Khaldun Bogor is arguably still small, because students are still accustomed to manually paying by cash deposit.</em></p>
30
Natthanit Siwasutham, Jintanee Ru-Zhue, and Somnuk Aujirapongpan. "Consumer purchase behavior on brand-name products through online channels: A study of consumers in Muang District, Nakhon Si Thammarat Province, Thailand." GSC Advanced Research and Reviews 15, no. 3 (June 30, 2023): 231–41. http://dx.doi.org/10.30574/gscarr.2023.15.3.0270.
Full textAbstract:
The objective of this research is to investigate consumer behavior and factors influencing the purchasing of brand-name products through online channels, specifically focusing on consumers in Mueang District, Nakhon Si Thammarat Provinceม. The study aims to gain insights into the behaviors and factors influencing consumer purchasing decisions in this specific region. The research will involve collecting data from a sample group of 400 participants. The statistical analysis will encompass descriptive statistics, such as frequency, mean, and standard deviation, as well as inferential statistics, including the chi-square test, multiple regression analysis, and logistic regression analysis. The study findings reveal the following key insights: Firstly, personal factors, such as gender, occupation, and income, significantly impact the choice of purchasing channels, types of products purchased, preferred payment methods, average expenditure per purchase, and recipients of the purchased products. Secondly, risk factors play a crucial role in determining the preferred purchasing channels and payment methods among consumers. Thirdly, the acceptance of technology significantly influences the choice of payment methods adopted by consumers. Finally, perceived value factors have a significant impact on the choice of purchasing channels, primary motivations for making purchases, and preferred payment methods.
31
Ahmad, Wahida, Nur Hazimah Amran, Noor Azillah Mohamad Ali, and Amir Alfatakh Yusuf. "A Blessing in Disguise: Covid-19 Pandemic and the Emergence of E-Payment." Information Management and Business Review 15, no. 1(I)SI (May 11, 2023): 27–36. http://dx.doi.org/10.22610/imbr.v15i1(i)si.3387.
Full textAbstract:
E-payment offers efficiency in terms of speed, security, convenience, and cost, especially during this pandemic. The study involves monthly data that spans from January 2016 to June 2021. This study aims to investigate selected payment channels and instruments' influence on retail e-payment transactions. The study is also interested to examine the interaction effects of Covid-19 on the relationship between credit card usage and retail e-payment transaction. The study employs Newey-West standard error regression in achieving the objectives. It is proven that traditional e-payment channels such as ATMs do not support the emergence of e-payment development in the country. The findings reveal Covid-19 significantly influences the emergence of e-payment in various ways. Unsurprisingly, internet banking usage showed great potential during the pandemic with a substantial increment since 2020. Oppositely, a credit card gives an adverse impact on the e-payment transaction and the impact is more apparent during the pandemic. In response to the new norm post-pandemic, the study suggests emphasis should be given to crucial e-payment infrastructures, particularly internet banking and debit card to foster the harmonization of the e-payment eco-system in Malaysia. Covid-19, despite its disastrous effect on society, blesses and supports the Financial Sector Blueprint 2022–2026.
32
Starova, Polina V., Daria A. Wijler, and Margarita O. Rusu. "Factors influencing the purchase decision through social commerce channels: the results of mixed research in Moscow." Russian Management Journal 18, no. 3 (2020): 335–62. http://dx.doi.org/10.21638/spbu18.2020.303.
Full textAbstract:
Companies view social commerce (s-commerce) as an additional online marketing sales channel of which the revenue-generating potential has substantially increased through the recent introduction of online payments within these channels in Russia. This paper examines which factors influence the consumer buying decision through s-commerce channels in Moscow. Through a rigorous process of expert interviews, we gain a first insight into the s-commerce market in Russia. Following this preliminary qualitative analysis, we collect survey data on purchase decisions among buyers on social media (stage 1: 303 respondents; stage 2: 252 respondents). An in-depth analysis via structural equation modelling reveals numerous factors that positively contribute to purchase intention. Among others, we find that the intensity of social interaction (e.g. frequency of updates and response time), quality of service (e.g. payment and delivery) and the availability of positive reviews are statistically significant determinants for a purchase decision. However, in line with expert feedback, we find that the significant influential factors differ across s-commerce channels. For example, in Инстаграм companies should emphasize platform convenience, content personalization and trust, with the latter factor significantly depending on security and the availability of reviews.
33
Rahim, Hainnuraqma, Hamidah Muhd Irpan, Nor Balkish Zakaria, Mohamed Fairooz Abdul Khir, and Sobhani Farid Ahammad. "PERCEIVED USEFULNESS AND ATTITUDE TOWARD INTENTION AND ACCEPTANCE OF E-PAYMENT ZAKAT." Journal of Nusantara Studies (JONUS) 9, no. 1 (February 29, 2024): 320–44. http://dx.doi.org/10.24200/jonus.vol9iss1pp320-344.
Full textAbstract:
Introduction and Background: As people's lifestyles and behaviour toward daily digital activities are changing, a suitable zakat payment option is required to encourage Muslims to fulfil their commitments. Zakat institutions use technology; as a result, to attract more people to pay zakat. The acceptance is, however, dubious due to data misuse and platform security worrisome. Hence, this study aims to investigate Malaysian Muslims’ acceptance of the e-payment zakat system.
Methodology: In this descriptive study, a survey was carried out on 170 zakat payers in Malaysia. Five constructs were examined in the survey, based on Technology Acceptance Model, which are Perceived Usefulness, Perceived Ease of Use, Attitude, Intention, and User Acceptability. Data were analysed in linear and logistic regression using the Statistical Package for Social Sciences (SPSS).
Findings: Results revealed that Perceived Usefulness and Perceived Ease of Use significantly impacted Attitude's decision to use electronic payment channels for zakat payments. The correlation between Attitude and Intention for online zakat payment was found to be positive. User acceptability was significantly influenced by the Perceived Usefulness of the e-payment platform and the Intention to pay zakat online.
Contribution: Understanding that User Acceptability is influenced by Perceived Usefulness and Intention would allow the zakat institution to comprehend the user requirement for zakat payment applications. The study findings have implications zakat authorities to enhance the digital platform for zakat payments to ease users by leveraging technology to streamline the donation process and make it more convenient, secure, and transparent.
Keywords: E-payment, zakat, acceptance, technology acceptance model, user acceptability.
Cite as: Hainnuraqma, R., Hamidah, M. I., Nor Balkish, Z., Mohamed Fairooz, A. K., & Sobhani, F. A. (2024). Perceived usefulness and attitude toward intention and acceptance of e-payment zakat. Journal of Nusantara Studies, 9(1), 320-344. http://dx.doi.org/10.24200/jonus.vol9iss1pp320-344
34
Lin, Changting, Ning Ma, Xun Wang, and Jianhai Chen. "Rapido: Scaling blockchain with multi-path payment channels." Neurocomputing 406 (September 2020): 322–32. http://dx.doi.org/10.1016/j.neucom.2019.09.114.
Full text
35
Chen, Jie, Haodi Zhang, Shuai Wang, and Huamin Jin. "A secure recharge scheme for blockchain payment channels." Journal of Information Security and Applications 78 (November 2023): 103603. http://dx.doi.org/10.1016/j.jisa.2023.103603.
Full text
36
Pinem, Nella Aginta, Fifi Sulistyawati, and Eirene Nifati Pangkey Gulo. "Analysis Of Business Implementation on Shopeepay Digital Wallet using Business Model Canvas (BMC) and Swot Analysis." Jurnal Impresi Indonesia 2, no. 1 (January 20, 2023): 71–82. http://dx.doi.org/10.58344/jii.v2i1.2042.
Full textAbstract:
Introduction: E-payment, or electronic payment, is a type of payment used when shopping. The financial industry has revolutionized and transformed into an ergonomic method of utility, accessibility, convenience and cost. E-Payment or Electronic payments include bank transfers, e-wallets, QR codes, Paypal and Credit Cards, but researchers examine more deeply electronic payments using e-wallets. Method: This research uses a qualitative descriptive method with a Business Model Canvas approach that uses secondary data, namely data collection through literature studies, journals, books, and websites that are trusted. Results: The first step in this research is to map the current ShopeePay canvas business model. In the business model canvas, observations and considerations are formulated to formulate a business strategy. From this research, several alternative BMC improvement strategies and operational development of the ShopeePay application have been obtained in each component of the canvas model activity block. Conclusion: The results of this study indicate that the ShopeePay business model needs to be improved. The company's business model must be evaluated and followed by technological developments; Fintech is a dynamic industry because it follows the evolution of technology. Therefore, it is necessary to change the elements contained in the nine elements of Canva's business model, such as key partners, key activities, value propositions, customer relationships, channels, customer segments, cost structure, and revenue stream elements.
37
Henderi, Qurotul Aini, Danny Manongga, Irwan Sembiring, and Dwi Apriliasari. "Transformation of Payment in Education Use Bitcoin with Reduced Confirmation Times." Aptisi Transactions on Technopreneurship (ATT) 5, no. 1 (December 8, 2022): 1–8. http://dx.doi.org/10.34306/att.v5i1.285.
Full textAbstract:
Significant changes in the financial system are prompted by the growth of the national economy, particularly as a form of payment. The means evolved from barter to things or commodities to metal and paper as the base materials for money before arriving at barter. With such significant changes, there is also a need for a transformation in the world of education in order to welcome technological advancements and one way to survive the changes in the increasingly rapid digital era. As the economic need increases, trade transaction methods shift from traditional to internet-based. One of the necessary international online payment options is bitcoin. For many applications where payments are modest and instantaneous approval is required, Bitcoin is inappropriate because of the high transaction fees and long confirmation periods. As a result, despite the introduction of numerous rival cryptocurrencies to address these problems, the Bitcoin network continues to be the most extensively used payment method. Unquestionably, new finding of this research that effectively address the problems of high transaction costs and transaction verification times are needed if the company is to benefit from its user network. The Lightning Network (LN), which makes use of off-chain bidirectional payment channels between participants, is one of the most recent payment network concepts to be proposed.
38
John, Nwani Jemima, Nwaimo Chilaka Emmanuel, Kanu Success Ikechi, and Chinonso Karen Eke. "Cashless Policy and the Nigerian Payment System." INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT 5, no. 6 (2020): 7–28. http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.56.2001.
Full textAbstract:
Before the introduction of the cashless policy by the Central Bank of Nigeria in 2011, the Nigerian economy was heavily cash-oriented in its transaction of goods and services contrary to the global trends. With the aid of paired data samples between 2007 and 2017, this study evaluates the impact of cashless policy on the Nigerian payment system. The operations of a cashless economy were assessed based on the use of Cheques, funds transfer channels and Automated Teller Machines (ATMs). Analysis of data showed that the volume and usage of cheques as a means of financial settlement has failed and was partially replaced by electronic payment systems. Banks are getting more involved in the use of interbank fund transfers rather than a cash settlement. It was also ascertained that the use of ATM’s as a means of financial intermediation is increasing. It is anticipated that the use of ATMs will become even more popular in Nigeria in the near future. To some extent, the outcome of the study has justified the implementation of the cashless policy initiative in Nigeria. However, the innovation and operations of the policy are not without its related limitations. There are various challenges associated with its practice, ranging from poor infrastructural facilities and difficulty in imbibing the e-payment culture due to illiteracy. Other socio-cultural factors that constitute an impediment include celebrations like weddings, birthdays and festivals. On such occasions, Nigerians prefer to ”display or spray raw cash’’ rather than issuing cheques. Thus, more effort needs to be put in place by the regulatory authority to re-orientate the masses and to encourage the use of E–payments channels, cheques, funds transfer options and, owning/ operating of bank accounts. This will give a further boost to the development of the Nigerian payment system.
39
Fan, Hehua, and Yongwei Zhou. "Pricing and Inventory Strategy of Dual-channel Supply Chain under Random Demand and Retailer's Capital Constraint." International Journal of Cognitive Informatics and Natural Intelligence 9, no. 1 (January 2015): 30–46. http://dx.doi.org/10.4018/ijcini.2015010103.
Full textAbstract:
A dual-channel supply chain system composed of one manufacturer and one retailer is considered in this paper, which existed uncertainty demands in both distribution channels and capital constraint on retailer. It set up the profit model of manufacturer dominated dual-channel supply chain system, studied to the optimal pricing and inventory strategies of decentralized and centralized supply chain, obtained the optimal pricing and inventory strategy of the two kinds of supply chain system. The analysis to the optimal solution indicated that the demand uncertainty of two distribution channels, deferred-payment rate etc, are all have certain influence relation on the pricing strategies of manufacturer and retailer. Numerical experiment has showed the effectiveness of the conclusions.
40
ANANDA, Rafly Prafsya, Rialdo Rezeky Manogari Lumban TORUAN, Citra Eka PUTRI, and Radja Erland HAMZAH. "THE EFFECT OF INSTAGRAM ON PRODUCT VIRALITY AND PRODUCT AWARENESS OF BANK INDONESIA." ICCD 5, no. 1 (November 27, 2023): 439–44. http://dx.doi.org/10.33068/iccd.v5i1.644.
Full textAbstract:
In accordance with the Vision of Bank Indonesia, which is to become the leading digital central bank that contributes significantly to the national economy, Bank Indonesia in this digital era that carries the current side (real time) has changed its communication approach, so that it does not only rely on conventional communication channels (mainstream media) as its communication channel, but also implements public communication through digital media. In accordance with BSPI 2025, Bank Indonesia, has a duty or obligation to educate and expand the acceptance of digital payments, namely QRIS. In order to expand the acceptance of non-cash payments to be more efficient in the future, Product Virality and Product Awareness are needed by Bank Indonesia to be one of the techniques in socializing the QRIS payment system to the Indonesian people. This study aims to determine the effect of the use of Instagram Social Media carried out by Bank Indonesia on Bank Indonesia's Product Virality and Product Awareness (QRIS).
41
Smith, Erika B., David M. Barbano, Joanna M. Lynch, and J. Richard Fleming. "A Quantitative Linearity Evaluation Method for Infrared Milk Analyzers." Journal of AOAC INTERNATIONAL 76, no. 6 (November 1, 1993): 1300–1308. http://dx.doi.org/10.1093/jaoac/76.6.1300.
Full textAbstract:
Abstract Nonlinearity in the uncorrected signal for any channel of the infrared milk analyzer can cause decreased accuracy of the final corrected result. A procedure quantifying the amount of residual nonlinearity in the uncorrected signal for each channel was developed for use in the range of milk component concentrations appropriate for producer payment testing. For the fat channels, a homogenized 6% fat milk is diluted with water to obtain a series of solutions from 0 to 6% fat. For the protein and lactose channels, evaporated skim milk is diluted with water to obtain linearity solutions from 2.8 to 3.9% true protein and 4.3 to 6.0% anhydrous lactose. The selection of dilution method (i.e., weight/weight or volume/volume) should be based on how the final calibrated instrument values are to be expressed (i.e., weight/weight or weight/volume). A non-zero forcing linear regression is conducted within a chemical range by using known component concentrations as the dependent variable (Y) and uncorrected infrared signals as the independent variable (X). Residual nonlinearity values are calculated. A channel possesses unacceptable nonlinearity if residual values are ≥±0.02% at any point within the component range normally encountered in producer payment testing. The linearity status of 18 instruments was determined.
42
Yang, Wei, Peng Yang, Huaiwang Shi, and Weizeng Sun. "Mobile Payment Application and Rural Household Consumption—Evidence from China Household Finance Survey." Sustainability 15, no. 1 (December 26, 2022): 341. http://dx.doi.org/10.3390/su15010341.
Full textAbstract:
How to release rural consumption potential is currently of great significance for the sustainable economic growth of the developing world. Using representative survey data from the China Household Finance Survey (CHFS), this paper studied the impacts of mobile payments on rural household consumption and its mechanisms. This study constructed instrumental variables from the perspective of induced demand for mobile payments to overcome the endogeneity problem and found that the application of mobile payments significantly promoted rural household consumption by 29.8–52.3%. Mechanism analysis indicated that mobile payments could ease liquidity constraints, enrich consumption choice, and improve payment convenience for rural households, which are the main channels behind the above finding. Heterogeneous analysis showed that the impact of mobile payments on household consumption of the elderly and less educated was relatively higher. Moreover, this study found that mobile payments are conducive to promoting the consumption upgrading of rural households by significantly improving their enjoyment consumption. In addition, although it encourages rural households to consume more online and mobile payment methods, it does not crowd out the effect of rural households’ offline consumption. The findings of this paper provide new insight into the role of technical progress in promoting total consumption and consumption upgrading in rural areas.
43
Zhao, Ruijuan, Yihan Guo, and Xiaolin Chu. "Manufacturer’s Incentive Strategies in a Dual-Channel Supply Chain with Moral Hazard: A Long-Term Perspective." Sustainability 14, no. 22 (November 10, 2022): 14856. http://dx.doi.org/10.3390/su142214856.
Full textAbstract:
Moral hazard have a non-negligible impact on supply chain sustainability, especially from a long-term perspective. This influence is more complicated in a dual-channel supply chain with free riding. Therefore, it is necessary to explore how manufacturers design multi-period incentive strategies in a dual-channel supply chain to deal with moral hazard problems from retailers. In this study, we built a game theory model that contains a retailer (she) who is delegated by a manufacturer (he) to sell products in her offline and online channels and to provide experience services in a physical store. The retailer has the option of exerting effort when providing experience services to boost demand. We explored and compared the manufacturer’s strategies that cover a time horizon of multiple periods under two circumstances: full information and repeated moral hazard. The following conclusions were drawn from this study. In the repeated moral hazard game, the incentive constraints of the retailer are only related to her current and the next-period profits and independent from the profits in other periods. Moreover, the incentive strategies in each period are affected by the historical information in the previous period, while the strategies under information symmetry are not affected by history. Specially, the manufacturer can induce effort by charging an up-front payment from the retailer in the previous period and then returning a utility based on the achieved demand. Therefore, the manufacturer can postpone the payment of incentive costs and shift the risk to the next period. Furthermore, the manufacturer’s incentive strategies are also affected by the free-riding effect between channels. That is, compared with the low-state transfer payment, the high-state transfer payment was found to be more sensitive to free riding.
44
Iglesias, Víctor, Rodolfo Vázquez, and Ignacio Rodríguez-del-Bosque. "Intra-brand differences in payment periods in marketing channels." International Journal of Research in Marketing 24, no. 1 (March 2007): 49–63. http://dx.doi.org/10.1016/j.ijresmar.2006.10.004.
Full text
45
Kim, Renee B., Takeshi Matsui, Y. J. Park, and Takashi Okutani. "Perceived Consumer Value of Omni-Channel Service Attributes in Japan and Korea." Engineering Economics 30, no. 5 (December 14, 2019): 621–30. http://dx.doi.org/10.5755/j01.ee.30.5.22820.
Full textAbstract:
Digitization of retail platform and integration of various retail channel is coupled with rapid change in consumer shopping behavior and their expectation for retail experience. Consumers expect retailers to be able to provide seamless, consistent and personalized service in which they also have enriched retail experience (Picot Coupey et al., 2016). Omni-channel retailing has emerged to provide integrated retail service of various channels which enable consumers to use various channels and touch points synergistically. In this study, we investigated the effect of perceived value of attributes of the OC service on consumers’ decision process for omni-channel usage in Japan and Korea. The AHP method is applied to assess hierarchical process of consumers’ decision making in using omni-channel service. In the AHP framework, consumers’ decision making is structured hierarchically, and framed to have three levels of process in which consumers make decision on omni-channel usage based on three constructs: ‘Customer Value (CV), ‘Touch Point (TP)’ and ‘Payment System (PS)’. The AHP survey was administered to individual shoppers in Japan and Korea, and 240 respondents and 229 respondents answered the AHP survey in Korea and Japan, respectively. Findings reveal that ‘Customer Value (CV)’ is perceived to be more important than ‘Touch Points (TP)’ and the ‘Payment System (PS)’, affecting consumers’ decision for using the omni-channel service. Furthermore, consumers in two countries show different preferences for specific aspects of the CV attributes. The authors also discuss the methodological and managerial implications of the findings.
46
Hariyati, Yuli, Rulita Irma Ristamaya, Rena Yunit R., Diana Fauziah, and Indah Ibanah. "Relational Behavior in Smallholder Cocoa Marketing Channels." E3S Web of Conferences 142 (2020): 06006. http://dx.doi.org/10.1051/e3sconf/202014206006.
Full textAbstract:
This research aimed to analyze the behavior in smallholder cocoa marketing agencies in Sempu Village Banyuwangi District. The choice of Jambewangi Village was intentional because there was lots of cocoa farming and known with good quality. Data were taken from 50 farmers of the group member who were chosen randomly. Data were analyzed using descriptive and analytic methods. The results showed that there were two marketing channels with a margin of USD 0.57 and USD 0.66. Channel I was more efficient because it had a small margin and more equal profit share and cost. The characteristic of each channel was different seen from the application of quality variance, pricing and payment system, marketing system.
47
Zverev, A., Viktoria Valerievna Mandron, and A. Sereda. "Functioning of the Fast Payment System in Russia." Scientific Research and Development. Economics 9, no. 4 (August 31, 2021): 23–28. http://dx.doi.org/10.12737/2587-9111-2021-9-4-23-28.
Full textAbstract:
Digital transformation is the main direction of development of the national financial industry. Traditional banking services are being transferred to online services, especially in the context of the rapid growth of e-commerce. The introduction of new information channels of remote interaction allows credit institutions to reduce their costs, improve the quality and speed of customer service, balance active and passive operations, expand the «line» of banking products and financial services, stabilize and expand the customer base. The development of the banking business based on the introduction of a fast payment system is becoming a necessity for all categories of retail and corporate clients. The creation and development of the infrastructure of the fast payment system is a priority project of the Bank of Russia for the development and expansion of non-cash payments. This project is aimed at developing the availability of financial services in remote regions of Russia and reduces the costs of market participants.
48
Xie, Han. "Research Progress On Precise Marketing Strategies for Different Customer Groups based on Mobile Banking Data in the Banking Industry." Advances in Economics, Management and Political Sciences 20, no. 1 (September 13, 2023): 354–62. http://dx.doi.org/10.54254/2754-1169/20/20230220.
Full textAbstract:
For precise marketing, this article takes the existing payment method data of a bank's mobile banking as the research object, analyses the current situation of mobile banking, and sums up the basic information of customers who currently use mobile banking. Then the basic information of customers is subdivided into customer groups by gender, age, bank product holdings, and payment means to study the use of mobile banking. Through the research on the customers' holding bank products and payment at the current stage, put forward marketing strategy optimization suggestions. First, improve the convenience of using mobile banking, enrich product functions, and create unique mobile banking; Second, in terms of channel strategy, strengthen cooperation with third parties to improve the convenience of channels; Then, in terms of a promotion strategy, it is mainly recommended to adopt record precision marketing based on customer's common bank products; Finally, in terms of process strategy, establish marketing service standards and tracking feedback mechanism.
49
Nowostawski, Mariusz, and Jardar Tøn. "Evaluating Methods for the Identification of Off-Chain Transactions in the Lightning Network." Applied Sciences 9, no. 12 (June 20, 2019): 2519. http://dx.doi.org/10.3390/app9122519.
Full textAbstract:
Payment channels and off-chain transactions are used to address blockchain scalability. Those mechanisms rely on the blockchain proper, as the resolution mechanism. They allow for high transaction throughput due to the pure peer-to-peer nature of the transaction exchange that happens directly between the peers, without the involvement of the blockchain transactions. The transactions are not mediated through the blockchain but happen off-chain. The transactions in such overlay networks are not included in the blockchain, they nevertheless leave some data traces in a public ledger. We have used the Bitcoin mainnet and testnet blockchains together with the Lightning network node to explore what can be inferred from the underlying blockchain in the context of Lightning transactions, channel setup, and channel teardown. The main purpose of this study is to identify what methods, transaction signatures, and data can be used to understand the non-visible publicly off-chain transactions. We have proposed heuristics for identifying the setup and teardown transactions, quantified and analyzed the effectiveness of our proposed methods. Using the data from the Bitcoin blockchain, as well as the data from the Lightning network to link related information we have found when parsing the blockchain, we generate network graph representations showing the relationships between the Lightning network channels identified on the blockchain. This study is significant from the personal data and privacy perspectives, as well as from forensics. We have established that at least 75% of all P2WSH transactions are Lightning transactions, and some of the channels can be deduced from the blockchain analysis. The synthesized results demonstrate that our methods are viable for identifying a subset of transactions and that only partial topology of the payment channels can be obtained from the data left in the blockchain.
50
Aguilar, Lord Eddie I. "Dimensions in the Adoption of Philippine Tax E-Payment Channels in Paying Income Taxes Among Individual Taxpayers." Ilomata International Journal of Tax and Accounting 4, no. 4 (October 26, 2023): 782–98. http://dx.doi.org/10.52728/ijtc.v4i4.796.
Full textAbstract:
Time has entered the digitized era where electronic systems have penetrated transactions, including taxation, simplifying processes among taxpayers for better revenue collection. With the aim of helping tax authorities in administering revenue collection, the study determines the factors influencing the adoption of the Philippines tax e-payment channels in paying income taxes among individual taxpayers and develop a research framework that illustrates the relevance and structure of the extracted factors. Using the Technology Acceptance Model (TAM) and the Unified Theory of Acceptance and Use of Technology (UTAUT) as a guide model, the study applies the quantitative research method as the research design. The assumption of the adoption of e-payment channels in paying income taxes among individual taxpayers is multifaceted that is based on the perception of the relative technology system. An Exploratory Factor Analysis (EFA) was employed to analyze a dataset of 110 respondents using random sampling collected through modified questionnaires. The study revealed that perceived usefulness, perceived benefit, perceived trust, social influence, facilitating conditions, and perceived cost influence the adoption of the BIR e-payment channels in paying income taxes among individual taxpayers in Davao City.