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Journal articles on the topic 'Payment methods'
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Borcuch, Artur. "The use of statistical methods in the analysis of mobile payment market in Poland." International Journal on Integrated Education 3, no. 2 (February 13, 2020): 45–50. http://dx.doi.org/10.31149/ijie.v3i2.324.
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Payments are an inherent element of economic activity (León and Ortega 2018). However, the evolution of payment instruments and the way individuals and businesses make daily payments has undergone enormous change in human history, particularly due to main innovations in payment systems in last decades (Gandhi 2016). The last innovation in payment system concerns mobile payment. The development of mobile payments market can have a positive impact on economic growth (Leon and Rodriguez 2012). Although the Polish market of mobile payments is in the initial phase of development, it is one of the pioneering and leading in Europe and globally. The main purpose of this article is to analyze, which feature (convenience, speed, availability, ease of use, safety) of mobile payments could be the most important for users from Poland.
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Fujiki, Hiroshi. "The use of noncash payment methods for regular payments and the household demand for cash: evidence from Japan." Japanese Economic Review 71, no. 4 (July 31, 2020): 719–65. http://dx.doi.org/10.1007/s42973-020-00049-5.
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Abstract Understanding the demand for cash and noncash payment methods is an important policy concern in Japan, as the Japanese government aims at a cashless economy. Previous studies show that the demand for specific payment methods depends not only on the motivations of the kind of transactions, such as day-to-day transactions or hoarding, but also on payment contexts, such as bill payments or online payments. However, a few studies have investigated the demand for payment methods by payment context in Japan. We fill this gap by examining Japanese family and single-person household data on the choice of cash and noncash payment methods for regular payments, including bill payments. We found a decreasing popularity of choices involving automatic withdrawals and an increasing popularity of choices involving credit cards in both data sets and that of choosing exclusively cash in the single-person households’ data. We also found that these changes are associated with a decreasing demand for cash in family households and, conversely, an increasing demand in single-person households, assuming that the current pace of gradual adoption of noncash payment methods continues. In promoting a cashless society, the Japanese government should pay attention to the finding that a more frequent use of credit cards for regular payments is not always associated with a decrease in the demand for cash.
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Тхаркахова, Ирина, Дана Понокова, and Марина Ордынская. "МЕСТО БЕЗНАЛИЧНЫХ РАСЧЕТОВ В БАНКОВСКОЙ СИСТЕМЕ РОССИИ." Научный взгляд в будущее, no. 21-01 (April 30, 2018): 115–19. http://dx.doi.org/10.30888/2415-7538.2021-21-01-009.
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The work is devoted to issues related to the current system of non-cash payments in Russia, including such elements as: principles of organization, forms of payment, payment methods, payment instruments. The features of the application of payments by paym
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Nazarova, Iryna. "Evolution of accounting and information systems cashless payments." Herald of Economics, no. 4 (March 16, 2022): 211. http://dx.doi.org/10.35774/visnyk2021.04.211.
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Introduction. Digitalization of the market economy creates conditions for minimizing cash payments. The abandonment from cash payments is justified by positive trends in: distancing e-commerce, the use of cashless payment systems and pandemic changes in socio-economic processes. Changes in the cash payments methods require the introduction of accounting and information systems for electronic recording of money operations, accounting and reporting of payment transactions, guarantees for the safety and control of cashless money.Purpose. The aim of the article is to research the evolution of accounting and information systems in the implementation of cashless payments in international and domestic markets for payment services, theoretical justification of the definition of «cashless payments» and develop proposals for their streamlining.Method. Methods of scientific research are: systematic approach to the study of economic processes, elements of the theory of scientific knowledge, dialectical method to determine the essence of cashless payments; historical - to research the evolution of cashless payments; analytical - to assess modern information systems for the organization and accounting of cashless payments.Results. The research of the cashless payments evolution shown the permanence changes in the methods of conducting money transactions. The accounting and information system of enterprises and corporations must timely respond on innovative transformations. The article improves and regulates the elements of the conceptual apparatus for cashless payments using bank payment cards, electronic money and other modern payment methods for the developing of their registration and reflection in accounting and reporting. Perspectives. Technological progress and the COVID-19 pandemic have become the driving force of society’s transition to expanding the cashless payment regime. Technologies for remote banking and non-banking payment systems are permanently improving. Accounting and information systems for providing complete and objective information to business and society should be in line with this progress.
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Zitha, Themba, and Darry Penceliah. "Perceptions Regarding Digital Payments in Online Shopping amongst Millennials in KwaZulu-Natal, South Africa." African Journal of Inter/Multidisciplinary Studies 4, no. 1 (2022): 338–49. http://dx.doi.org/10.51415/ajims.v4i1.1047.
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Contemporary business continues to leverage the opportunities of internet connectivity for marketing, sales, and visibility. Digital payment plays an imperative role in online shopping transactions. With the evolution of online shopping, there has been a paradigm shift from traditional payment methods to a faster digital payment method. This paper assesses millennials’ perceptions of digital payments for online shopping. A cross-sectional study was undertaken using a quantitative method. Three hundred and ninety-three millennials completed a self-administered questionnaire. Descriptive and inferential statistical methods were utilised to summarise and analyse the results. Respondents used different types of digital payments for online shopping, namely, credit card, debit card, micropayment, digital wallet, PayPal, Bitcoin, and in-app purchase. Some of the challenges pertaining to digital payment methods are security, privacy, and trust issues. There is a dire need to develop various interventions and strategies such as standardisation of the browser and device support to educate consumers, integrate more banks, develop synergy with credit card companies, reduce fees for low-risk transactions, make digital payment easier, and personalise the digital payment process and its value chain to make digital payments more secure and safe for effective transaction and online payments.
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Mushkudiani, Nino. "Development of Electronic Payments in Georgia." Economics and Culture 15, no. 2 (December 1, 2018): 64–74. http://dx.doi.org/10.2478/jec-2018-0021.
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Abstract Electronic payments are considered to be a fast and secure alternative for traditional payment methods. Today, it is impossible to imagine modern bank operations, commercial transactions and other payments without electronic payments. This article shows that electronic payments are not the only means for reducing costs with respect to other payment methods, such as cash, but can also generate significant benefits for increasing economic development and reducing shadow economy. The paper focuses on the development of electronic payments in Georgia and its impact on the economy of the country. Over the decades, the payment systems in Georgia have evolved significantly in line with the technological advancement. Significant progress has been achieved in improving the e-payment systems infrastructure. The evolution of e-payments in Georgia can be characterized by the following: debit (including prepaid) and credit cards, credit and debit transfers compose a core set of noncash payment types commonly used today by consumers and businesses. These core noncash payment types are used both in traditional ways, such as in-person purchases, payroll deposits, and bill payments, and in innovative ways, such as contactless and mobile payments, e-commerce and online bill payments. Using the economic-mathematical analyses of the information taken from the web-page of the National Bank of Georgia and commercial banks’ publications, a mathematical model was built, based on which the positive relationship between e-payments and economic growth in terms of real GDP was shown.
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Zakharchenko, Vitaliy, Mykola Merkulov, Olesya Balakhonova, Natalia Zakharchenko, and Viktoriia Laptieva. "The development of methods of calculating the concession fees." Problems and Perspectives in Management 15, no. 3 (December 11, 2017): 438–44. http://dx.doi.org/10.21511/ppm.15(3-2).2017.11.
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Developed and advanced way of calculation concession fee than provided by the Government Methodology from 04.02.2016. It based on the critical review of existing legal regulation in Ukraine, considering the inflation factor according to international requirements (UNIDO). This approach provides a reduced risk of members of concession agreement, protection of the project member’s interests and the financial viability of the project. Ukraine should follow international practice and rely on concession fee as an instrument of regulation, not only as a fiscal instrument. During the concession contest, where the criteria for selection of the winner is a concession fee, the Government should provide the object to concession if the amount of the payment will be higher than the maximum profit that can get a monopoly. Fee may take the form of a single or an annual payment. In the latter case, reasonable discount rate must be set to calculate the present value of the stream of payments. Confirmed: the need pre-planning examination of normative documents, the use of sentences of the international experience of evaluation of projects, the revised rate of interest a concession payment, the desirability of calculating asset values using their average annual cost, taking into account the special conditions of the project.
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Soratana, Teerachart, Yili Liu, and X. Jessie Yang. "Effect of Payment Methods in Crowdsourcing Platforms." Proceedings of the Human Factors and Ergonomics Society Annual Meeting 66, no. 1 (September 2022): 1627–31. http://dx.doi.org/10.1177/1071181322661135.
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The use of an online crowdsourcing platform makes it easier and quicker for researchers to recruit participants online. It also allows researchers to adopt another payment method traditionally used on crowdsourcing platforms: the piece-rate payment method. This paper investigated the effects of the participants’ location, the payment method, and the compensation rate on subjective experience, motivation, and perceived payment fairness. This paper extends last year’s paper, in which the participants’ location and the payment method were the focus of the investigation. Two additional studies have been conducted using piece-rate payment method. The data were analyzed using a 3-way ANOVA and a chi-square test of independence. The results showed that the piece-rate payment method was less likely to attract workers who were motivated to work for money than the quota payment method. There was no difference in perceived payment fairness between using a quota payment method and a piece-rate payment method.
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Gal, Jonathan S., Mahesh Vaidyanathan, and Gordon Morewood. "Anesthesiology payment methods: US perspective." International Anesthesiology Clinics 59, no. 4 (2021): 37–46. http://dx.doi.org/10.1097/aia.0000000000000334.
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Robben, Christine, and Cherié L. Weible. "International Payment: Methods to Consider." Journal of Interlibrary Loan, Document Delivery & Information Supply 12, no. 3 (July 10, 2002): 29–35. http://dx.doi.org/10.1300/j110v12n03_03.
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Moyo, Elmond, Trevor Makausi, Wellington S. Manjoro, Wellington Makondo, and Chiedza Hwata. "API Design Fostering Payment Methods." International Journal of Computer Science and Mobile Computing 9, no. 12 (December 15, 2020): 11–15. http://dx.doi.org/10.47760/ijcsmc.2020.v09i12.002.
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Barnum, Howard, Joseph Kutzin, and Helen Saxenian. "Incentives and provider payment methods." International Journal of Health Planning and Management 10, no. 1 (January 1995): 23–45. http://dx.doi.org/10.1002/hpm.4740100104.
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Kyrmizoglou, Pantelis, and Aikaterini Daoultzoglou. "Evolution of payment methods in Greece – Determinants of their use." Central European Review of Economics & Finance 31, no. 3 (June 30, 2019): 5–16. http://dx.doi.org/10.24136/ceref.2019.008.
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From society’s point of view and the exchange of products, metal and gold, till the digital era of cryptocurrencies mediated a lot of phases in payment methods that Greeks used. In this assignment, means of payment are presented and analyzed through the years, differentiations and trends are examined as well as Greek citizens’, and not only, choices are commented according to the means of payment they use via statistical reports conducted by related entities. The aim of this primary research that has been developed in Delta Municipality is the specifying of factors which have an impact on users’ payment choices and also the discovery of a relation probably between those choices and those of sex, age, level of income or level of education. Findings show the general dominations of debit cards in all ages and level of income, for each kind of transaction (natural or digital), confirming the raise of plastic money in Greece after capital controls’ arrival. Speed, directness and convenience are the characteristics which are necessary to be fulfilled by a means of payment, but also another modern reason and necessity of plastic money is the new tax-free builder regime. Furthermore, loyalty programs that cards provide most of the time are really tempting. There is no familiarization neither with cryptocurrencies nor the new contactless media, but only for the concept, independently of age. Finally, grey payments are still a concerning issue, which are preferred by everyone verifying the Greek reality.
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Zhao, Haidong, Lini Zhang, and Sophia Anong. "Financial Experiences, Beliefs, and Near Field Communication Based Mobile Payments Among Young Adults." Journal of Financial Counseling and Planning 31, no. 1 (March 30, 2020): 69–82. http://dx.doi.org/10.1891/jfcp-18-00077.
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This study examined a conceptual model on the intention to adopt NFC-based mobile payment that incorporates financial experiences and beliefs. NFC refers to Near Field Communication, a new technology in mobile payments. From an online experimental survey of 463 U.S. young adults, this research found consumers who used cards among their payment methods as opposed to cash-only were less likely to adopt NFC mobile payment. Previous experience in non-NFC mobile payments had a significant positive association with intention to adopt NFC mobile payment. Among the beliefs, consumers with higher trust and higher perceived usefulness about NFC mobile payment had greater intentions to adopt it. Moreover, trust was found to have a mediating effect between non-NFC mobile payment experience and the intention to adopt NFC mobile payment. This study not only provides mobile payment providers with effective marketing strategies to increase consumers' adoption of NFC mobile payment but also provides financial educators with important implications to develop targeted education programs.
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Suryawan, Mohamad Arif, and La Ode Muhammad Jihad Al Faris. "PENERAPAN QR-CODE DALAM PROSES PEMBAYARAN DIGITAL DI KAMPUS." JURNAL INFORMATIKA 11, no. 2 (December 29, 2022): 107. http://dx.doi.org/10.55340/jiu.v11i2.801.
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<p><em>The payment system at Dayanu Ikhsanuddin University (Unidayan) is done manually by taking a payment slip at the financial counter, then making payments at the designated bank, such as payment of tuition fees, KKN, graduation, PBL, PPL, and final project or thesis. Payment methods like this make students often experience difficulties in making payments, causing discomfort and tend to delay payments. This study aims to apply the QR Code system in the digital payment process on campus. The research method used is the waterfall model. The method implements a sequential software life flow, starting from analysis, design, coding, and testing. This research produces a digital payment application on the Unidayan campus by implementing a QR Code system which can later make it easier for students to make payments by making a top-up and then scanning the QR code. thus it can help the finance department get data on students who have or have not paid tuition fees, namely SPP, KKN, Graduation, PBL, and Final Projects or Thesis.</em></p>
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Walimuni, Piumi Chethana, Aparna Samaraweera, and Lalith De Silva. "Payment mechanisms for contractors for better environmental hazard controlling in road construction projects." Built Environment Project and Asset Management 7, no. 4 (September 14, 2017): 426–40. http://dx.doi.org/10.1108/bepam-11-2016-0069.
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Purpose There is a growing concern that contractors can be motivated for environmental protection through effective fund allocation and proper payment mechanisms. However, an in-depth analysis of environmental hazard-controlling methods and related payments to the contractor in road construction in Sri Lanka is not much popular among the extant literature. Thus, the purpose of this paper is to explore different payment mechanisms that are being used with environmental hazard-controlling methods, to achieve better control in such hazards in Sri Lankan road construction projects. Design/methodology/approach This research was approached through a mixed research method. Initially, hazard-controlling methods and relative payment mechanisms for the contractor were identified through three exploratory case studies using interviews, observations and document survey. Next, the relative effectiveness of payment mechanisms for contractors for better environmental hazard controlling was identified through a questionnaire survey with a sample of 45 professionals involved in 15 road construction projects. Findings Based on the findings, a comprehensive list of environmental hazard-controlling methods was derived. Furthermore, four types of payment mechanisms were identified: (A)-payments, where a unit price was assigned; (B)-payments, where a provisional sum was established in the contract; (C)-payments, where fixed amounts (lump sums) were assigned in the contract and (D)-payments made along with some main work item in the contract. Relative effectiveness of these four mechanisms for better control of environmental hazards was varied for each hazard-controlling method being practiced in a road construction project. Originality/value These findings would be more beneficial for consultants, project managers, bidders and estimators in the pre-contract stage. This is by identifying cost items for environmental hazard controlling and selecting relatively more effective payment mechanisms to motivate contractors for better control of environmental hazards during project execution.
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Pathak, Neil, Rance J. T. Fujiwara, and Saral Mehra. "Assessment of Nonresearch Industry Payments to Otolaryngologists in 2014 and 2015." Otolaryngology–Head and Neck Surgery 158, no. 6 (February 13, 2018): 1028–34. http://dx.doi.org/10.1177/0194599818758661.
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Objective To characterize, describe, and compare nonresearch industry payments made to otolaryngologists in 2014 and 2015. Additionally, to describe industry payment variation within otolaryngology and among other surgical specialties. Study Design Retrospective cross-sectional database analysis. Setting Open Payments Database. Subjects and Methods Nonresearch payments made to US otolaryngologists were characterized and compared by payment amount, nature of payment, sponsor, and census region between 2014 and 2015. Payments in otolaryngology were compared with those in other surgical specialties. Results From 2014 to 2015, there was an increase in the number of compensated otolaryngologists (7903 vs 7946) and in the mean payment per compensated otolaryngologist ($1096 vs $1242), as well as a decrease in the median payment per compensated otolaryngologist ($169 vs $165, P = .274). Approximately 90% of total payments made in both years were attributed to food and beverage. Northeast census region otolaryngologists received the highest median payment in 2014 and 2015. Compared with other surgical specialists, otolaryngologists received the lowest mean payment in 2014 and 2015 and the second-lowest and lowest median payment in 2014 and 2015, respectively. Conclusion The increase in the mean payment and number of compensated otolaryngologists can be explained by normal annual variation, stronger industry-otolaryngologist relationships, or improved reporting; additional years of data and improved public awareness of the Sunshine Act will facilitate determining long-term trends. The large change in disparity between the mean and median from 2014 to 2015 suggests greater payment variation. Otolaryngologists continue to demonstrate limited industry ties when compared with other surgical specialists.
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Botasheva, L. H., N. E. Ryzhenkova, and M. A. Tukhbatulina. "Analysis of the security system in the field of Internet - payments using payment cards." Voprosy regionalnoj ekonomiki 35, no. 4 (December 30, 2018): 127–32. http://dx.doi.org/10.21499/2078-4023-2018--4-127-132.
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The main ways to protect money held on bank payment cards when making Internet payment were analyzed. A number of certificates and licenses were also analyzed, providing guarantees to customers of sites from which purchases using payment cards are made; an assessment of the effectiveness of existing methods has been made and new ways of implementing bank card security in the process of Internet payments using payment cards have been proposed.
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Kara-ool, A. L., and A. I. Shmyreva. "Evaluating the development of electronic payment means in Russia." Finance and Credit 26, no. 6 (June 29, 2020): 1264–82. http://dx.doi.org/10.24891/fc.26.6.1264.
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Subject. The article presents the methodological approach to evaluating the development of electronic means of payment. Objectives. We formulate the methodological approach to evaluating the development of electronic means of payment. Methods. We apply methods of statistical analysis, abstraction, induction, analysis ans synthesis. The methodological and theoretical framework comprises proceedings of the Russian scholars on the theory and practice of cashless payments. Results. The article sets forth the methodological approach to evaluating the development of electronic payment means. We devised metrics describing the development of electronic payment means. The findings are applied by the Ministry of Finance of the Tyva Republic, and the Department of the National Bank for the Tyva Republic – the Central Department of the Central Bank of the Russian Federation. Conclusions and Relevance. The findings can serve for improving cashless payments at the regional level or nationwide. The conclusions and methodological approach are practicable for the theory of cashless payments and operations of national financial institutions.
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Trütsch, Tobias. "The impact of mobile payment on payment choice." Financial Markets and Portfolio Management 30, no. 3 (August 2016): 299–336. http://dx.doi.org/10.1007/s11408-016-0272-x.
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Abstract This paper investigates the effect of mobile payment on the adoption and use of traditional payment instruments such as cash, checks, and credit, debit and prepaid cards at the point of sale (POS). Data are from a 2012 representative survey on consumer payment choice in the United States. Using discrete-choice random utility models to simulate consumer behavior, the estimation provides two major findings. First, mobile payment does not replace physical payment cards, but is likely to substitute for paper-based payment methods such as cash and checks at the adoption stage. Second, mobile payment does not statistically significantly influence the choice of payment means at the POS in terms of usage. However, there is suggestive evidence that it is complementary to card payments and a substitute for paper-based payment instruments. The findings highlight the potential social welfare gains of mobile payment and provide key insights into challenging issues for the private industry sector. This paper furthermore offers novel evidence on the impact of mobile payment on the use and adoption of existing payment instruments and contributes to the literature on consumer payment choice.
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Khanin, I. H., and Y. O. Sopin. "Electronic Payment Systems: Operation Peculiarities and Economic Efficiency Assessment." PROBLEMS OF ECONOMY 4, no. 50 (2021): 173–80. http://dx.doi.org/10.32983/2222-0712-2021-4-173-180.
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The PayTech sector, which is transforming payment methods, has become one of FinTech's largest segments. Electronic payment systems (EPS) are developing actively and acquiring certain specific features, which are important for their creation and refinement. The achievement and maintenance of the EPS economic efficiency is the fundamental prerequisite for their sustainable development, which fact is especially important for payment services providers. The article is aimed at clarifying the nature and structure of EPS, and singling out the features of their functioning and the basis for assessing their economic efficiency. The impact of the electronic payment development on the quality of goods-money relations and economic exchange is analyzed, and the process of forming a new payment mechanism in the markets is described. The most common payment methods in the B2B and B2C segments are considered, namely the automated clearing house, cash, checks, credit card, debit card, commercial credit card, and contactless payments. The essence and features of the electronic payment systems classification are specified. It is substantiated that they form the development basis for various FinTech areas. The functions of electronic payment systems are analyzed, and based on these functions the systems are considered as part of the payment infrastructure (functions of service, transfer, information, control, information and protection, organization). The main elements of an electronic payment system, the main blocks responsible for its functional implementation, and services for non-cash electronic payments are analyzed. The emergence of the electronic payment services market is substantiated. The roles of the new participants in this market are defined, which are the payment processor and payment gateway. The technological model of an electronic payment transaction is presented, which is transaction data processing and subsequent data exchange between the participants of this transaction within the payment system. The necessity of creating a new legal framework on payment services provision is substantiated. The issues and bases of the economic efficiency assessment in the field of electronic payment services are considered.
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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.
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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.
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Thangamuthu, A. P. "A Survey on Various Online Payment and Billing Techniques." Shanlax International Journal of Arts, Science and Humanities 7, no. 3 (January 1, 2020): 86–91. http://dx.doi.org/10.34293/sijash.v7i3.1374.
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Over the past few decades, Internet technology has shaped almost everybody’s life. Business banks set up internet workstations and provide customer information requirements, internet payment fund diversion financial services, credit, investment, etc. An online payment system is a means for conducting economic transactions based on the Internet. This allows a seller to accept payments over the web or other internet connections, such as direct network connections between retail stores and their suppliers- a common way of keeping inventories just in time. Online payment systems are greatly expanding a company’s scope and selling potential. Usually, online payment services are operated by third-party firms like PayPal, Google, or Click2Pay. Such companies make a profit by taking a small portion of each transaction, or by signing contracts with institutions that require a large number of transactions. Without the ability to make online payments, a large Internet retailer, like Amazon.com, could not exist. Online payment systems have expanded the playing field between big and small companies, as each of them can adopt the same payment methods when they sign up with third-party payment processors.
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Kubiczek, Jakub. "Effects of COVID-19 on payment method preferences of Poles." Financial Internet Quarterly 18, no. 4 (December 1, 2022): 35–49. http://dx.doi.org/10.2478/fiqf-2022-0026.
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Abstract Repeated payments create a certain habit in terms of the preferred payment method. Its formation stems from the simultaneous effect of a variety of factors, while its persistent character implies a difficulty in its change. The outbreak of the COVID-19 pandemic has influenced the terms of how society functions, thus affecting multiple spheres of people’s lives, including making purchases and payments. The aim of this paper is to identify and present the multidimensional impact of the COVID-19 pandemic on payment method preferences of people in Poland. The results indicate that the COVID-19 pandemic has stimulated the shrinkage of cash exchanges while at the same time made the tendency to use cashless payment methods grow. Cash payments are a path for viral transmissions and, thus, a potential source of infection and viewing them as an unsafe payment method effected the turn to cashless forms of payment. It is important to note that this fact constitutes one of the most vital factors of the dynamic growth of the BLIK payment system - a multi-institutional cashless payment system, working independently of the present card-based systems in Poland. Based on the conducted study it can be stated that the COVID-19 pandemic significantly changed payment method preferences of the people in Poland, yet the permanence of those changes will only be possible to determine in a larger timeframe.
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Ramadhani, Annisa Nur, Muhammad Iqbal Fasa, and Suharto Suharto. "ANALISIS METODE PEMBAYARAN DALAM MENINGKATKAN MINAT BELI KONSUMEN PADA E-COMMERCE: TINJAUAN PERSPEKTIF EKONOMI ISLAM." Jurnal Bina Bangsa Ekonomika 15, no. 1 (February 22, 2022): 111–19. http://dx.doi.org/10.46306/jbbe.v15i1.127.
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In the world of e-commerce can not be separated from the name of the payment method. Currently, payment methods have been improved to make it easier for consumers. There are various payment methods, so consumers can choose which method to use. Broadly speaking, the payment methods are divided into two, namely cash and non-cash payments. Islam is also here to provide guidance for all aspects of our lives. One of them is buying and selling transactions which are included in the field of muamalah. The research method used is the Library Study Method. The author tries to collect information and data that are in accordance with the topic. The author collects and studies theoretical data sourced from reference books, scientific works, theses, and the internet and other sources. The purpose of this study was to find out the role of payment methods in increasing consumer interest in e-commerce in terms of Islamic economics
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Husanovich, Ruzimuradov Shuhrat. "Improving the Economic and Mathematical Methods for Analyzing and Reducing Current State of Debt Among the Entities." International Journal of Social Science Research and Review 4, no. 1 (March 9, 2021): 1–8. http://dx.doi.org/10.47814/ijssrr.v4i1.58.
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The collection of information on non-payments in the banking sector and their compact presentation in the matrix form in accordance with the required rules, the creation of various economic models (equities) of non-payments, elimination of different non-payment consequences and analysis are the intermediate scientific research goal of the article.
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Saydullaev, Shakhzod. "Improving the Economic and Mathematical Methods for Analyzing and Reducing Current State of Debt Among the Entities." International Journal of Multicultural and Multireligious Understanding 7, no. 11 (December 2, 2020): 166. http://dx.doi.org/10.18415/ijmmu.v7i11.2164.
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The collection of information on non-payments in the banking sector and their compact presentation in the matrix form in accordance with the required rules, the creation of various economic models (equities) of non-payments, elimination of different non-payment consequences and analysis are the intermediate scientific research goal of the article.
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Spinks, Tracy, Alexis Guzman, Beth M. Beadle, Seohyun Lee, Delrose Jones, Ron Walters, Jim Incalcaterra, et al. "Development and Feasibility of Bundled Payments for the Multidisciplinary Treatment of Head and Neck Cancer: A Pilot Program." Journal of Oncology Practice 14, no. 2 (February 2018): e103-e112. http://dx.doi.org/10.1200/jop.2017.027029.
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Purpose: Despite growing interest in bundled payments to reduce the costs of care, this payment method remains largely untested in cancer. This 3-year pilot tested the feasibility of a 1-year bundled payment for the multidisciplinary treatment of head and neck cancers. Methods: Four prospective treatment-based bundles were developed for patients with selected head and neck cancers. These risk-adjusted bundles covered 1 year of care that began with primary cancer treatment. Manual processes were developed for patient identification, enrollment, billing, and payment. Patients were prospectively identified and enrolled, and bundled payments were made at treatment start. Operational metrics tracked incremental effort for pilot processes and average payment cycle time compared with fee-for-service (FFS) payments. Results: This pilot confirmed the feasibility of a 1-year prospective bundled payment for head and neck cancers. Between November 2014 and October 2016, 88 patients were enrolled successfully with prospective bundled payments. Through September 2017, 94% of patients completed the pilot with 6% still enrolled. Manual pilot processes required more effort than anticipated; claims processing was the most time-consuming activity. The production of a bundle bill took an additional 15 minutes versus FFS billing. The average payment cycle time was 37 days (range, 15 to 141 days) compared with a 15-day average under FFS. Conclusion: Prospective bundled payments were successfully implemented in this pilot. Additional pilots should study this payment method in higher-volume cancers. Robust systems are needed to automate patient identification, enrollment, billing, and payment along with policies that reduce administrative burden and allow for the introduction of novel cancer therapies.
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Shy, Oz. "Consumer Use of Multiple Payment Methods." Review of Industrial Organization 58, no. 3 (January 15, 2021): 339–55. http://dx.doi.org/10.1007/s11151-020-09803-w.
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Korol, K. N. "Youth Preferences of Innovative Payment Methods." Vestnik Povolzhskogo instituta upravleniya 18, no. 2 (2018): 150–56. http://dx.doi.org/10.22394/1682-2358-2018-2-150-156.
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Boopathy, A. Venkatesh. "PAPERLESS AND CASHLESS DIGITAL PAYMENT METHODS." International Journal of Engineering Applied Sciences and Technology 04, no. 10 (February 28, 2020): 155–58. http://dx.doi.org/10.33564/ijeast.2020.v04i10.029.
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Susanto, Eko, Ikin Solikin, and Budi Supriatono Purnomo. "A REVIEW OF DIGITAL PAYMENT ADOPTION IN ASIA." Advanced International Journal of Business, Entrepreneurship and SMEs 4, no. 11 (March 1, 2022): 01–15. http://dx.doi.org/10.35631/aijbes.411001.
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Digital payments have changed people's financial behavior, particularly in Asian countries. The expansion of the internet network and the intensification of gadget functions have grown digital payment systems in mobile payments, internet banking, QR Codes, and electronic payments. Using a Systematic Literature Review, the study examined various Scopus articles from Asian countries to obtain an overview of the factors that influence the adoption of digital payments. We analyzed 597 digital, electronic, and mobile payment articles. TAM and UTAUT were found to be the most widely found theories to significantly affect user intent and even the continuity of digital payment use. While in the method, the structural equation model becomes the most widely used analytical method in various scientific publications related to this topic. This study has found internal and external factors from users in the adoption process of digital payments, including trust, perceived risk, satisfaction, security social influences, and facilitation conditions. Interestingly, some of these factors were insignificant in some studies due to differences in digital payment products that were the object of the study, respondents, and differences in research methods and approaches.
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Prasetya, Machmudin Eka, Intan Salwani Mohamed, Shuhaida Mohamed Shuhidan, and Gede Harja Wasistha. "The COVID-19 Pandemic as a Driving Force for E-Wallet Adoption in Indonesia." Business and Management Horizons 9, no. 2 (December 15, 2021): 40. http://dx.doi.org/10.5296/bmh.v9i2.19335.
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During the COVID-19 pandemic, e-payment systems, also known as cashless payment systems, have steadily evolved as a payment system instrument. Changes in payment methods, followed by a growth in digital payment systems, may be driving people to use e-wallets. The functions of an e-wallet are similar to those of an e-banking or mobile banking account, but an e-wallet gives greater convenience and simplicity of access while making payments. Because the use of e-wallets can help reduce the spread of COVID-19-causing coronaviruses, this study looks into the possibilities of increasing e-wallet usage while also increasing the use of digital payment and online transactions during the COVID-19 outbreak.
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Omelyanovskiy, V. V., N. N. Sisigina, V. K. Fedyaeva, and N. Z. Musina. "Evolution of healthcare provider payment mechanisms." FARMAKOEKONOMIKA. Modern Pharmacoeconomic and Pharmacoepidemiology 12, no. 4 (February 18, 2020): 318–26. http://dx.doi.org/10.17749/2070-4909.2019.12.4.318-326.
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Methods of payment to care providers constitute an essential part of the healthcare financing system; these mechanisms determine the motivation of service providers. Throughout the history of public health care, the payment methods have been gradually improved so to stimulate the providers to best match the societal demands (greater access to health services, cost reduction, and better quality) and prevent “moral hazards”. As a result, the most advanced healthcare systems have stopped paying simply for service volume and rigorously restraining the costs. Instead, the updated system is based on the integrated payments combining the elements of cost control with the stimuli that promote a high quality and better access to healthcare service. At present, the new payment mechanisms aiming at improving the long-term treatment outcomes (life expectancy and quality of life) are available. The care provider payment system existing in Russia, by large, corresponds to the best international practices as far as the hospital care is concerned. However, the payment arrangements in the primary care network still lag behind the international standards. To improve the situation, quality indicators should be included in payments for primary care services.
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Sankar, B. P. Bijay, and N. M. Leepsa. "Payment Methods in Mergers and Acquisitions: A Theoretical Framework." International Journal of Accounting and Financial Reporting 8, no. 1 (March 6, 2018): 170. http://dx.doi.org/10.5296/ijafr.v8i1.12354.
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Purpose: This paper aims to review the prior literature on payment methods in Mergers and Acquisitions (M&As) and summarizing its effects on the performance of companies involved in M&As. This study also attempts to find out various determinants of the payment methods of M&As that affects the decision of payment methods in M&As. Methodology: To carry out the analysis, this study focuses the past literature relating to payment methods in M&As and summarizes the positive and negative effects of different payment methods. The review is carried out by dividing into four parts (i) Literature studies on cash payment method (ii) Literature studies on stock payment method (iii) Literature studies on mixed payment and (iv) Determinants of payment methods. The paper investigates based on the findings of the major studies.Research limitations: The scope of the study is confined to the contemporary review of M&As literature than the empirical survey. The study is focused more on giving suggestions for future work on M&As than providing conclusion. Research Implications: The knowledge gained from this study will help managers from both acquirer and target companies for selection of appropriate payment methods and improve their investment mechanism and strengthen their finances by value creation in M&As. Originality: To the authors’ knowledge this paper is the first attempt to document for summarizing the impact of different payment methods and its determinants of performance of M&As deals.
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Rahma, Haliza Nur, Dwi Rahma Hanum, Adhe Vitha Noviyanti, and Nanik Kustiningsih. "F. PENGGUNAAN ELECTRONIC PAYMENT SEBAGAI SOLUSI PEMBAYARAN PADA UMKM SERENDIPITY SNACK DITENGAH PANDEMI COVID-19." Inovasi Manajemen dan Kebijakan Publik 4, no. 2 (December 6, 2021): 71. http://dx.doi.org/10.54980/imkp.v4i2.161.
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Abstrak : Perkembangan teknologi membuat semua hal menjadi lebih muda termasuk dalam hal bertransaksi. Salah satu inovasi baru yg muncul saat ini adalah digital payment. Digital payment termasuk salah satu cara pembayaran yang sangat praktis dan fleksibel, karena dilakukan via internet. Dengan adanya digital payment setiap orang bisa dengan mudah bertransaksi tanpa bersusah payah pergi ke ATM ataupun menemui penjual secara langsung untuk meminimalisir penyebaran virus covid-19. Serendipity snack yang baru memulai usaha juga menerapkan sistem digital payment sebagai inovasi baru dalam pembayaran produk. Penelitian ini bertujuan untuk mengetahui dampak optimalisasi digital payment, apakah efisien dan menguntungkan bagi pembeli dan penjual pada UMKM Serendipity Snack ditengah pandemi. Metode yang digunakan dalam penelitian ini menggunakan metode deskriptif kualitatif agar bisa memberikan pemahaman yang lebih mendetail serta dengan hasil yang diperoleh sangat efisien ketika transaksi. Hasil dari penelitian ini menyatakan bahwa digital payment dapat memberikan kemudahan bagi customer untuk melakukan pembayaran ditengah pandemi karena meminimalisir kontak fisik, selain itu penggunaan digital payment juga memudahkan penjual dalam bertransaksi karena penjual tidak lagi dipusingkan dengan uang kembalian sehingga lebih mudah dalam pembukuan transaksi.
Kata Kunci : Digital Payment, transaksi
Abstract : The development of technology makes all things easier, including in terms of transactions. One of the new innovations emerging today is digital payment. Digital payment is one of the most practical and flexible payment methods, because it is done via the internet. With digital payments, everyone can easily transact without bothering to go to ATMs or meet sellers directly to minimize the spread of the covid-19 virus. Serendipity Snack, which has just started a business, has also implemented a digital payment system as a new innovation in product payments. This study aims to determine the impact of optimizing digital payments, whether it is efficient and profitable for buyers and sellers on Serendipity Snack SMEs in the midst of a pandemic. The method used in this study uses a qualitative descriptive method in order to provide a more detailed understanding and the results obtained are very efficient during transactions. The results of this study state that digital payments can make it easier for customers to make payments in the midst of a pandemic because it minimizes physical contact, besides using digital payments also makes it easier for sellers to transact because sellers are no longer bothered with change so it's easier to book transactions.
Keywords: Digital Payment, transaction
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Deepa, M. "A Study on Consumer Awareness and Satisfaction towards Online Digital Payment - With Special Reference to Pollachi Taluk." ComFin Research 9, no. 3 (July 1, 2021): 25–29. http://dx.doi.org/10.34293/commerce.v9i3.4048.
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Digital payment a way to make payment that is made through digital modes. In digital payments the payer and payee or both can use the digital modes to send and receive money. It is also called electronic payment. There is no need for have hard cash for every transaction involved in the digital transactions. All the transactions are done only through online payments. It is convenient way to make payments. The objectives of the studies are: To identify the customer preference towards Digital payment and to measure the customer level of satisfaction about Digital payment services. This study is based on both primary data and secondary data which is collected from the consumers to find out awareness and satisfaction about digital payments. There are 100 respondents were taken for this study y using convenience sampling method. This study was conducted only in Pollachi taluk. The following statistical tools were used to analyze the data: Percentage analysis and Fried man rank test. Some of the findings of the studies are: majority 67% of the respondents are female, majority 69% of the respondents age group between 20-35 years, majority 70% of the respondents are unmarried. The consumers are satisfied with the following methods of digital payments. The first rank given to RTGS and followed by Phone pay, Paytm app, NEFT, RTGS, Net banking, Debit card, Digital wallet, Rupay card, Paypal, and Credit card. It is concluded that most of the respondents are having more awareness about digital payments and also satisfied with the online payment. The growth of users of Smartphone and internet penetration in such area also facilitated the adoption of digital payment.
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Nalleballe, Krishna, Sen Sheng, Chenghui Li, Ruchira Mahashabde, Amarnath R. Annapureddy, Kamran Mudassar, Krishna Pothineni, et al. "Industry Payment to Vascular Neurologists." Stroke 51, no. 4 (April 2020): 1339–43. http://dx.doi.org/10.1161/strokeaha.119.027967.
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Background and Purpose— Industry payments to physicians raise concerns regarding conflicts of interest that could impact patient care. We explored nonresearch and nonownership payments from industry to vascular neurologists to identify trends in compensation. Methods— Using Centers for Medicare and Medicaid Services and American Board of Psychiatry and Neurology data, we explored financial relationships between industry and US vascular neurologists from 2013 to 2018. We analyzed payment characteristics, including payment categories, payment distribution among physicians, regional trends, and biomedical manufacturers. Furthermore, we analyzed the top 1% (by compensation) of vascular neurologists with detailed payment categories, their position, and their contribution to stroke guidelines. Results— The number of board certified vascular neurologist increased from 1169 in 2013 to 1746 in 2018. The total payments to vascular neurologist increased from $99 749 in 2013 to $1 032 302 in 2018. During the study period, 16% to 17% of vascular neurologists received industry payments. Total payments from industry and mean physician payments increased yearly over this period, with consulting fee (31.1%) and compensation for services other than consulting (30.7%) being the highest paid categories. The top 10 manufacturers made the majority of the payments, and the top 10 products changed from drug or biological products to devices. Physicians from south region of the United States received the highest total payment (38.72%), which steadily increased. Payments to top 1% vascular neurologists increased from 64% to 79% over the period as payments became less evenly distributed. Among the top 1%, 42% specialized in neuro intervention, 11% contributed to American Heart Association/American Stroke Association guidelines, and around 75% were key leaders in the field. Conclusions— A small proportion of US vascular neurologists consistently received the majority of industry payments, the value of which grew over the study period. Only 11% of the top 1% receiving industry payments have authored American Heart Association/American Stroke Association guidelines, but ≈75% seem to be key leaders in the field. Whether this influences clinical practice and behavior requires further investigation.
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Stupin, Andrii, Liudmyla Hlynchuk, and Tetiana Hryshanovych. "ALGORITHM FOR CONNECTING ONLINE PAYMENT SERVICES FONDY, LIQPAY AND THEIR IMPLEMENTATION." Cybersecurity: Education, Science, Technique 1, no. 17 (2022): 65–75. http://dx.doi.org/10.28925/2663-4023.2022.17.6575.
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The work describes the algorithms for connecting the two most common payment services in Ukraine - Fondy and LiqPay - to software tools (websites, mobile applications with Internet connection). Currently, such a topic is quite relevant, since not only the domestic economy, but also the world economy is actively transitioning to cashless payments. And this, in turn, poses challenges not only to economists, but also to information technology specialists. Now it is difficult to imagine a catalog site or a service site without online payment for purchased goods. Using non-cash payments, it is possible to pay almost everything: from goods to utilities and administrative fines. The purpose of our research is the development of an algorithm for connecting online payment services to websites and mobile applications connected to the Internet, and the software implementation of such an algorithm. Each service for making online payments has documentation and a set of development tools, utilities and documentation that allows you to create applications based on a certain technology or for a certain platform (SDK). SDKs typically have test credentials and test keys to enable test payments. Analysis of the scheme by which funds are debited from the client shows that two main methods must be implemented for the site server. These methods are: creation of a web form to proceed to the next stage of filling in payment details and receiving webhooks (a mechanism for sending requests when events occur in the system) from the service server. In our work, we describe a method for generating a web payment form and a method for processing webhooks. The proposed software solution is only a wrapper that facilitates the interaction of the payment service with the code by providing the opportunity to connect several services and combine them under one interface. This in turn removes the direct dependency on a specific SDK implementation. It also makes sense to write a similar interface for sites with one payment service, as there are often customers who, for certain reasons, decide to replace the payment service on their site. If a similar interface is implemented there, then replacing the payment service practically boils down to the implementation of several methods from the interface with the new SDK. And this will not bring changes to the already working logic with orders.
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Hamukuaya, Nghililewanga. "The Development of Cryptocurrencies as a Payment Method in South Africa." Potchefstroom Electronic Law Journal 24 (June 17, 2021): 1–23. http://dx.doi.org/10.17159/1727-3781/2021/v24i0a9364.
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The use of currency as a medium of exchange for goods and services is essential in our daily lives. The concept of currency evolved from bartering to the use of coins and notes and now to the current digital age as the continuation of society's advancement has led to a new series of technological innovations with regard to payment methods around the world. Methods of payment are built on various platforms such as mobile phones, the internet, and digital storage cards. These payment systems have fostered the development and growth of fintech companies such as Paypal, Apple Pay, Samsung Pay, Alipay and others. The latest development is the use of blockchain to facilitate payments, more specifically the use of cryptocurrencies to facilitate transactions. The most popular cryptocurrency is bitcoin. Payments form part of commercial contracts which parties have a legal obligation to perform. South Africa has a legislative framework for payment systems wherein users have rights and obligations. This article will discuss the development of currency in South Africa and determine whether the current legislative framework for payment systems is applicable to cryptocurrencies such as bitcoin.
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Khudolii, Yuliia, and Bohdan Taranets. "CURRENT STATE AND INNOVATIVE DIRECTIONS OF PAYMENT SYSTEMS DEVELOPMENT IN UKRAINE." 62, no. 62 (December 31, 2021): 177–91. http://dx.doi.org/10.26565/2524-2547-2021-62-17.
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The rapid development of technologies, their impact on the speed of decision-making, and changes in communication methods have a significant impact on the financial sector, namely on payment systems. In addition to the technological transformation of the payment systems themselves, these changes are transforming the requirements of users who want transfers to be faster, safer, and more reliable. On the international market, the processes of change began several years ago, now they have begun to take place in Ukraine as well. This actualizes the need to assess the current state of the payment system in Ukraine, as well as to study those technologies that have the greatest prospects and significant impact on the payment space. For this purpose, in this study, we assessed the current state and trends in the functioning of the payment system of Ukraine. We investigated its main participants, such as the System of Electronic Payments of the National Bank of Ukraine (SEP), PROSTIR National Payment System, the dynamics of the main indicators. This made it possible to identify and substantiate the main problems and obstacles to the development of the payment system of Ukraine. Among the main ones, we attributed: monopolization of the payment market by international payment systems (IPS), insufficient level of consumer protection and shortcomings of legislation on market regulation, insufficient level of payment and financial literacy, especially of certain categories of the population (pensioners). An overview of the main trends in the development of payment systems under the influence of digitalization and innovation made it possible to identify the most significant technologies. Namely, real-time payments (RTP), SWIFT gpi, artificial intelligence, and machine learning, blockchain, and distributed ledger technology (DLT). In our opinion, these innovations themselves will make payment systems safer, more efficient, transparent, and cost-effective. But it is worth noting that the implementation of technologies is impossible without the complete digitalization of all payments and related services. Therefore, the main direction of increasing the efficiency of the functioning of the payment system of Ukraine is the transfer of the majority of payments to digital format. We believe this can be realized through high-quality coordination of all participants in the payment market, clear and timely implementation of the roadmap for changes, ensuring free and easy access to payment services for all users (financial inclusion), increasing the payment literacy of the population, creating conditions for expanding the payment infrastructure.
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Harasim, Janina, and Monika Klimontowicz. "Payment Habits as a Determinant of Retail Payment Innovations Diffusion: the Case of Poland." Journal of Innovation Management 1, no. 2 (December 31, 2013): 86–102. http://dx.doi.org/10.24840/2183-0606_001.002_0007.
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New and innovative methods for electronic funds transfer are emerging globally. These new payment tools include extensions of the established payment systems as well as new payment methods that are substantially different from traditional transactions. They have made the retail payments faster, cheaper, easier and more convenient for customers. Simultaneously, these payment innovations influence retail payment market around the world. During the last few decades it has changed remarkably and has become a very competitive one. Financial institutions are increasingly in competition with technology companies and other organizations to be the preferred providers of consumer payment services. There are huge differences between retail payment markets in developing countries and those in the mature markets. Payment habits are mostly influenced by local cultural drivers, so global trends are few and far between. Nevertheless, as consumer expectations and habits are becoming more homogenized and financial institutions start to be interested in new markets, the opportunities to learn from the experiences of other economies appear. The paper discusses theoretical and empirical foundation of retail payment innovations diffusion, presents the retail payment taxonomy and the results of a survey held in Poland in 2013. It is concluded that Polish experience can be assessed as a benchmark for searching determinants of retail payment markets development. However, copying success factors for sustainable market development is rather impossible with regard to payment culture, experiences and habits.
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Luong, Ha Thu, Khanh Mai Pham, Anh Hoai Thuc Nguyen, Ha Thi Thanh Nguyen, Thoa Thi Kim Dang, and Yen Thi Hoang Giao. "Payment Intermediary – Key Determinant Influencing Online Payment Intention on E-Commerce Platforms in Vietnam." International Journal of Management and Sustainability 11, no. 4 (December 5, 2022): 233–47. http://dx.doi.org/10.18488/11.v11i4.3216.
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E-commerce is a new, rising phenomenon in Southeast Asian countries, and online payment methods are becoming increasingly popular on e-commerce platforms. Despite increasing investments in e-commerce platforms' online payment systems, Vietnamese consumers are still doubtful about this innovative payment alternative. This research applied the Technology Acceptance Model (TAM) to analyze the variables affecting customers' intention to make online payments on e-commerce platforms in Vietnam, a potential Southeast Asian market. In addition, the research group expanded on the primary study by adding the variables of Subjective Norms, Trust, and Risk to validate the findings of the original work in the new context. A new factor suitable for Vietnamese conditions, Payment Intermediary, was included by the authors to better explain the consumers’ attitudes and intentions toward online payments. The surveys were carried out using two methods of basic random sampling: an offline approach at offices and schools, and an online approach using social media. 521 questionnaires were collected, and 448 were considered valid and met the requirements that were initially set. SPSS 26 was used to assess the consistency and validity of all variables and test the hypotheses using a regression model. The hypothesis model was verified. The results showed that the correlation between independent and dependent variables, namely Attitude toward Use and Intention to Use, is very clear. In consumers' use of e-commerce platforms, Payment Intermediary plays a crucial role in developing their online payment attitudes and intentions.
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Hassan, Md Arif, Zarina Shukur, Mohammad Kamrul Hasan, and Ahmed Salih Al-Khaleefa. "A Review on Electronic Payments Security." Symmetry 12, no. 8 (August 12, 2020): 1344. http://dx.doi.org/10.3390/sym12081344.
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Modern technology is turning into an essential element in the financial trade. We focus the emphasis of this review on the research on the E-wallet and online payment, which is an element of an electric payment system, to get the pattern of using this service. This research presents a review of 131 research articles published on electronic payment between 2010 and 2020 that uses a qualitative method of answering the research questions (RQ): RQ1: “What are the major security issues regarding using electronic payments”? and RQ2: “What security properties need to comply for secure electronic payments?” With the systematic literature review approach, the results show that interest in E-wallet and online payment has grown significantly during this period, and it was found that for the increasing uses of electronic payments, researchers are more focused on security issues. The results show that, to conquer the key gaps, electronic payment must have some protection properties, namely, availability, authorization, integrity, non-repudiation, authentication, and confidentiality. Nowadays, security problems in electronic payment are usually more demanding than the present security problems on the web. These findings can enable electric transaction providers to strengthen their security methods by boosting their security gaps, as required for relevant services.
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Zhong, Yongping, and Hee-Cheol Moon. "Investigating Customer Behavior of Using Contactless Payment in China: A Comparative Study of Facial Recognition Payment and Mobile QR-Code Payment." Sustainability 14, no. 12 (June 10, 2022): 7150. http://dx.doi.org/10.3390/su14127150.
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Emerging technologies have made tremendous changes in people’s daily lives, and they have profoundly influenced their economic and consumption activities. Recently, the COVID-19 pandemic has also drastically increased individuals’ usage of contactless payment technologies, such as mobile and facial recognition payments, which has accelerated the transformation of digital transaction services in China. In this study, the findings show that perceived usefulness, perceived ease of use, and service security can affect the perceived value and user satisfaction of using contactless payment. Moreover, a higher perceived value and satisfaction level may encourage more post-adoption behaviors, such as continuous and habitual usage of contactless payment methods or encouraging others to use contactless payment methods via word-of-mouth; however, perceived value did not have a direct effect on continuous usage. In addition, there are certain differences in user behavior depending on whether facial recognition payment or mobile QR-code payment is used. For QR-code payment users, overall, their satisfaction and post-adoption behaviors are more strongly bonded with each other compared with the behaviors of facial recognition payment users. This study has generated more information and insight into the transformation of digital payment and can help managers align their strategies more efficiently in the post-pandemic era.
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Ali, Mostafa A., Nazimah Hussin, and Ibtihal A. Abed. "Electronic Payment Systems: Architecture, Elements, Challenges and Security Concepts: An Overview." Journal of Computational and Theoretical Nanoscience 16, no. 11 (November 1, 2019): 4826–38. http://dx.doi.org/10.1166/jctn.2019.8395.
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In this paper, the major aim is to investigate the heightened awareness regarding various electronic payment systems-related concepts in terms of their advantages, problems, and security issues. The payment processing system providers use software as a service (SaaS) model and with this model, they form a single payment channel to numerous payment methods for their clients. Users often give away their personal information such as names, card details, and so on whenever they go online to make any firm of payment. An online payment system is referred to a system that facilitates electronic money exchange. This form of payment typically involves the deployment of the Internet, computer networks, and other digital stored value systems. Collecting any form of payment over the internet implies that the user has accepted an online payment and must have shared some confidential information with the service provider. This paper embarks on a thorough review of all aspects of online/electronic payment with emphasis on the analysis of numerous studies on electronic payment systems. The latest studies have been explored to gain insight on the electronic payments systems.
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Nitzan, Irit, and Danit Ein-Gar. "The “Commitment Projection” Effect: When Multiple Payments for a Product Affect Defection from a Service." Journal of Marketing Research 56, no. 5 (July 14, 2019): 842–61. http://dx.doi.org/10.1177/0022243719850504.
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Many service providers offer supplementary products related to their ongoing services (e.g., fitness centers offer fitness smartwatches). In seven studies, the authors show that the payment method for such supplementary products (multiple payments vs. a single lump sum) affects customers’ tendency to defect from the provider’s core service over time. Specifically, when customers pay for add-ons in multiple payments—provided that (1) they perceive the add-on as being bundled with the core service and (2) the payment period has an end point—they are initially less likely to defect from the service provider than when they pay in a single payment. Over time, however, as payments are made, this gap closes, such that defection intentions under the two payment methods eventually become similar. The authors propose that this phenomenon reflects “commitment projection,” wherein a decrease in customers’ commitment to the add-on product over time is projected onto their commitment to the service provider. These findings carry important managerial implications, given that many service providers offer add-on products in multiple-payment plans and that customers’ defection decisions substantially affect firms’ profitability.
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Kulumbegova, Lana V. "NATIONAL PAYMENT SYSTEM OF RUSSIA: ASSESSMENT OF THE STATE AND ANALYSIS OF THE USE OF PAYMENT INSTRUMENTS." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 4, no. 10 (2021): 135–40. http://dx.doi.org/10.36871/ek.up.p.r.2021.10.04.018.
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Modern economic reality draws attention to the need to ensure the uninterrupted and efficient operation of the national payment system. An increase in the share of non-cash payments, acceleration of operational processes, contactless payment methods, the use of mobile devices and plastic cards necessitate the compliance of the national payment system with the prevailing realities. Thus, there is a need for a con-stant comprehensive assessment of indicators characterizing the state and development of the national pay-ment system in Russia.
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Eugenia Fernandes Augusto, Eryka, Gabriela Conde Marcellino, Gilmara Lima de Elua Roble, Luis Fernando Pacheco Pereira, and Fábio Rogério de Morais. "EVOLUTION OF THE BRAZILIAN DIGITAL PAYMENT METHODS MARKET." Journal on Innovation and Sustainability RISUS 12, no. 4 (December 23, 2021): 77–90. http://dx.doi.org/10.23925/2179-3565.2021v12i4p77-90.
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This paper aims to understand the evolution of the Brazilian digital payment methods market. Thus, it is intended to present to the reader an overview of the characteristics and configurations of the payment arrangements sector, since the beginning of the popularization of cards, until the most recent movements, given the new retail configurations, which have been established in online environments, called e-commerce. Furthermore, it is intended in this work, using the qualitative research, to identify the main motivations that encourage consumers to choose the payment method used in online shopping. It was possible to conclude that credit card is the payment method that most motivates consumers in e-commerce.
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Efimova, L. G. "The mechanism of credit transfers via the Blockchain." International Accounting 23, no. 5 (May 15, 2020): 567–84. http://dx.doi.org/10.24891/ia.23.5.567.
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Subject. Money transfers via Blockchain-based banking and payment systems employ a procedure combining the traditional mechanism of gross settlements and P2P network, which is also run with the Blockchain. Therefore, the relationship between payment peers is mixed too. Objectives. The study aims to set up a legal mechanism of credit transfers which synergistically combines two payment procedures, i.e. traditional gross settlements via the national banking system and P2P payments based on the Blockchain. Methods. The study relies upon systemic-structural, dialectical, logic methods, induction, deduction, legal forecast, legal modeling and comparative method (legal comparison). Results. I examine how advantages of Blockchain-based payment systems and banking payment systems can be combined. This will streamline and smooth settlements, allowing to use the fiat currency in the beginning and at the end of credit transfers. The article highlights four phases of a mixed money transfer, i.e. the preliminary creation of a Blockchain-based node, accession to the protocol, opening of cryptocurrency accounts and e-wallets; the commencement of a money transfer under traditional rules of payment laws; interbanking settlements via the Blockchain and crediting of money under ordinary rules of the payment laws. Conclusions and Relevance. When credit transfers migrate from conventional bank accounts to the Blockchain, the fiat currency converts into the cryptocurrency and vice versa. I analyzed types of social relations emerging through the above phases and sources of legal regulations. The findings can be used in the theory of civil and banking laws, law making processes for the preparation of regulatory documents on cashless payments, and IT regulations.