Relevant bibliographies by topics / Risks of payment systems

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
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Academic literature on the topic 'Risks of payment systems'

Author: Grafiati
Published: 28 May 2022
Last updated: 18 July 2025

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Journal articles on the topic "Risks of payment systems"

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Аkhmetov, Zh, and A. Аzhmukhamedova. "Risks in payment systems." ECONOMIC Series of the Bulletin of the L.N. Gumilyov ENU, no. 3 (2019): 116–22. http://dx.doi.org/10.32523/2079-620x-2019-3-116-122.

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KVASNYTSKA, Raisa, Iryna FORKUN, and Tetyana GORDEEVA. "MODERN APPROACHES TO PROVIDING INFORMATION SECURITY OF PAYMENT SYSTEMS AND THEIR CYBER PROTECTION." Herald of Khmelnytskyi National University. Economic sciences 310, no. 5(1) (2022): 47–52. http://dx.doi.org/10.31891/2307-5740-2022-310-5(1)-8.

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The article analyzes the domestic and international approaches of scientists and financial institutions regarding the interpretation of the concept of payment systems and proposes the author’s interpretation of this category as “an organizationally formed set of system participants and the relations between them regarding the transfer of funds based on recognized legal norms at the level of sovereign countries or at the international level. The peculiarities of the payment systems’ functioning and the possibility of taking into account the international standards for the exchange of financial messages ISO 20022 in the payment infrastructure of Ukraine were analyzed, which will allow to harmonize the Ukrainian payment area with the world, to expand the details of payments with additional information, to increase the level of service and efficiency of payments, to enrich the functional content of payment instruments for the benefit of banks and their customers, increase the level of automation of payments. It was determined that the area of the payment systems’ functioning belongs to the risky spheres of activity. The typification of the payment systems’ risks of banking and non-banking institutions, determined by the regulations of the National Bank of Ukraine, defines such types of risks as legal, payment, operational, systemic and financial risks. It is substantiated that the basis of the effective functioning of banking institutions in conditions of uncertainty is the identification and management of risks inherent in banking activity. At the same time, the emphasis is on the fact that a component of operational risk is such a type of risk as cyber risk, which is considered as the risk of realizing cyber threats to information resources and/or information infrastructure, as well as the consequences of such events. Because modern payment systems are intermediaries in the movement of funds, and therefore are at risk of negative influences, challenges, threats and dangers, which can lead to damage to the national interests of states, it is proposed to consider cyber risk as a separate type of risks of the payment systems’ functioning. In order to prevent, detect, respond, absorb cyber risk, and ensure adaptability and the ability to restore the payment system, the central bank of the state should increase the level of information security and cyber protection in the field of funds transfer. The information security policy of banks must be constantly supplemented and changed in accordance with the specified set of criteria for assuring information security.
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Trusova, N. V., and I. O. Chkan. "Payment Systems in Ukraine and Risks of their Functioning." Business Inform 1, no. 516 (2021): 257–63. http://dx.doi.org/10.32983/2222-4459-2021-1-257-263.

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The article is aimed at defining the main aspects of the development of the current state of electronic payment systems in Ukraine and generalizing the main risks of violation of their functioning. The carried out research systematized information on the functioning of payment systems (both internal and international) and forms of payments in Ukraine (cash, non-cash – electronic). Among more than 80 domestic and international payment systems created by banks and non-bank institutions, the National Bank of Ukraine defines the following categories of importance of payment systems in Ukraine in order to ensure their continuous and stable functioning – systemically important, socially important and important. It is determined that in Ukraine at the legislative level, taking into account world trends, the payment infrastructure is being actively modernized, especially in the direction of protection of the rights of financial services consumers in the online space. Along with the advent of new technologies of electronic banking, opportunities to diversify the product range of remote services, atypical threats to traditional banking activities of both the internal and the external nature arise. The research systematizes the key risks inherent in functioning payment systems: legal, financial (total commercial risk, liquidity risk, commercial risk), settlement, operating, systemic. It is determined that the main risk in the banking and non-banking sectors is operational risk – the risk of loss of profit due to errors in the implementation of daily routine financial transactions. Prospects for further research in this direction are to find and implement effective mechanisms for minimizing or preventing risks of electronic payment systems.
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DUDIN, Mihail Nikolaevich, Vadim Nikolaevich ZASKO, Evgeniya Evgenevna FROLOVA, Natalya Georgievna PAVLOVA, and Ekaterina Petrovna RUSAKOVA. "Mitigation of Cyber Risks in the Field of Electronic Payments: Organizational and Legal Measures." Journal of Advanced Research in Law and Economics 9, no. 1 (2018): 78. http://dx.doi.org/10.14505//jarle.v9.1(31).11.

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The issues of ensuring the electronic payments’ security are currently in the limelight of participants in the monetary system and the scientific expert community. The goal of this paper is to develop organizational and legal measures aimed at improving the security of electronic payments in the Russian Federation.
 Research methods include the analysis of retrospective data describing the development of the payment system and electronic payments using bank cards, as well as the method of statistical observations and analysis of secondary data from surveys of Russian and foreign companies covering the information security.
 Through solving the research problems, the author managed to draw a number of conclusions:
 
 Dynamic development of the electronic payment system causes the growth of cybercrime and cyber risks in payment systems;
 Despite quite active actions of state bodies and the Bank of Russia, the legal framework and infrastructure for electronic payments are still in the development stage;
 Cyber attacks cause significant damage not only to financial institutions, but also to companies from a non-financial sector, as well as to ordinary citizens using electronic payment systems.
 
 In the opinion of the author, the key organizational and legal measures aimed at mitigating cyber risks in electronic payments may be measures to form the centralized payment infrastructure of the Bank of Russia, introduce the corporate cyber threat management systems, improve policies and procedures for the protection of personal data at the corporate level, as well as train the employees in the field of information security of electronic settlements.
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Soundararajan, Balaji. "Challenges and Checkpoints of Payment Systems Security." Journal of Software Engineering and Simulation 7, no. 9 (2021): 46–53. https://doi.org/10.35629/3795-07094653.

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The transition towards a cashless economy has amplified the importance of securing digital payment systems against evolving cyber threats. This study examines the vulnerabilities inherent in traditional and electronic payment systems, including credit cards, mobile payments, and RFID technologies, while addressing emerging risks such as data breaches, fraudulent activities, and network attacks. Through an analysis of case studies and current literature, the paper evaluates the efficacy of security measures like encryption, tokenization, multifactor authentication (MFA), and compliance frameworks. Findings reveal that while technological advancements offer convenience, they also introduce complex vulnerabilities requiring layered security strategies. The study underscores the necessity of aligning technical safeguards with international standards, fostering stakeholder collaboration, and adopting proactive fraud detection mechanisms. By highlighting successful implementations and lessons from security breaches, this work advocates for adaptive, user-centric approaches to mitigate risks and sustain trust in digital payment ecosystems.
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Mohinabonu, Agzamova. "THREAT MODEL FOR PAYMENT SYSTEMS." American Journal of Applied Science and Technology 4, no. 10 (2024): 87–94. http://dx.doi.org/10.37547/ajast/volume04issue10-13.

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Payment systems are the backbone of modern economies, and their security is a critical aspect of maintaining user trust and safeguarding financial data. In this context, the development of threat models plays a central role in ensuring the protection of these systems from attacks. One of the most effective methodologies for threat modeling is STRIDE, which helps to structure and systematize the analysis of risks and threats. By utilizing the STRIDE model and incorporating a customized threat model for payment systems, the security of authentication processes and transaction handling can be significantly enhanced.
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Marie Mezoh, Penn. "Exploring the Advantages of Cashless Payment Systems: A Comprehensive Review." International Journal of Research and Innovation in Social Science VIII, no. X (2024): 553–64. http://dx.doi.org/10.47772/ijriss.2024.8100047.

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Cashless payments are widely used for making payments between individuals and companies worldwide. Vendors have been drawn to these payment methods due to their perceived ease of use and low cost of transaction equipment. This study explores different payment methods and discusses the benefits of cashless payment, some drawbacks are mentioned for balance. The study systematically reviews several scholarly papers to assess non-cash payment methods and digital payment advantages. The method used in this study was based on secondary data that’s mainly a review of what other respected authors have published. No fieldwork was implemented aside from reading and comparing papers on cashless payment systems. The study discovered various digital payment approaches with advantages. Regardless of the difficulties encountered by users in the daily use of these e-money systems, the global trend is shifting towards a cashless economy. It is important to note that the cashless payment system is fast growing, and its benefits cannot be overlooked even though some downsides have also been recorded such as perceived risks, Insufficient security, the absence of government engagement in certain digital payment systems, such as Cryptocurrency, discourages financial institutions.
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Smith, Russell G. "Internet Payment Systems and their Security Risks." Journal of Financial Crime 7, no. 2 (1999): 155–60. http://dx.doi.org/10.1108/eb025933.

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Taghreed Beheri. "Consumer Trust in Digital Payment Systems." Journal of Information Systems Engineering and Management 10, no. 42s (2025): 721–30. https://doi.org/10.52783/jisem.v10i42s.8179.

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This study explores consumer trust in digital payment systems and its impact on adoption rates. Through qualitative interviews, it identifies key factors influencing trust, including security measures, user experience, transparency, and perceived risks. Recommendations focus on enhancing trust through robust security, transparent policies, and tailored support for diverse demographics, especially for the elderly. This study presents the results of five in-person interviews I conducted with Saudi Arabian respondents of various ages on their experiences with digital payment systems. According to the interview, the most significant aspects impacting digital payments are trust, security measures, demography, and reputation, while risk, transparency, and experience are critical for assessing service provider credibility. It sheds light on the crucial aspect of customer services that affects digital payment trust and ensures that the consumer will continue to use these services. Consumers desire transparency and robust security measures. Positive experiences with digital payments boost trust, while negative ones raise concerns. Trust in digital payment systems varies based on cultural attitudes, demographics, and age. Prioritizing security measures, transparent policies, and trustworthy customer service can enhance trust.
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Lisniak, Vladyslavа. "INTERNATIONAL EXPERIENCE OF ELECTRONIC PAYMENT SYSTEMS USING IN UKRAINE." Economic Analysis, no. 28(3) (2018): 149–53. http://dx.doi.org/10.35774/econa2018.03.149.

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Introduction. In the course of this research attention was paid to the study of theoretical and practical aspects of the development of electronic payment systems in the world and in Ukraine. The general scheme of electronic payment system work is considered. The dynamics of payments by means of electronic payment systems on the territory of Ukraine is determined. The basic principles of electronic payment systems activity are substantiated. The advantages and disadvantages of electronic payments are considered. The results of the study can be used as practical recommendations for improving the electronic payment activities in Ukraine. Purpose. The purpose of this article is to study the development and status of electronic payment systems and their development in Ukraine. Method (methodology). The main tasks of the research are to consider the general theme of the work of electronic payment systems on the territory of Ukraine; analyze the dynamics of electronic settlements in Ukraine; to substantiate the basic principles of the activity of electronic payment systems; to identify the advantages and disadvantages of electronic payments. Results. The use of electronic payment systems is an extremely positive step towards the economic development of the state. After all, the rapid and effective development of electronic payment systems in Ukraine with the use of international advanced information has a number of advantages for the state economy as a whole and for the individual user in particular: reduction of cash circulation, increase of credit resources, development and wide access to the financial system, etc. It should also be noted that one more important advantage of electronic payments is saving time and minimizing fraud risks.
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Dissertations / Theses on the topic "Risks of payment systems"

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Долгальова, М. О. "Сучасні аспекти управління ризиком платіжних систем банків". Thesis, Українська академія банківської справи Національного банку України, 2011. http://essuir.sumdu.edu.ua/handle/123456789/63270.

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Управління безпекою платіжної системи у банку є актуальним завданням кожного банку. Для створення захисту платіжних систем треба використовувати комплексний підхід, а саме: створення захищеного середовища для обробки платіжної та службової інформації в системі, яке об’єднує різноманітні (правові, організаційні, програмно-технічні) засоби для протидії будь-яким загрозам.
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Jivakanont, Vacharakoon. "Risk, risk management and settlement efficiency in securities settlement and payment systems in Thailand : A simulation approach." Thesis, University of Reading, 2010. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.529947.

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Hedberg, Peter. "Handeln och betalningarna mellan Sverige och Tyskland 1934-1945 : Den svensk-tyska clearingepoken ur ett kontraktsekonomiskt perspektiv." Doctoral thesis, Uppsala : Acta Universitatis Upsaliensis : Univ.-bibl. [distributör], 2003. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-3550.

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Юрчук, Г. В. "Розвиток фінансових послуг на основі систем електронного бізнесу". Thesis, Українська академія банківської справи Національного банку України, 2003. http://essuir.sumdu.edu.ua/handle/123456789/51772.

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В дисертації на основі аналізу та узагальнення тенденцій розвитку світового ринку фінансових послуг із застосуванням сучасних платіжних інструментів і систем електронного бізнесу (е-бізнесу) обґрунтовано методичні й практичні рекомендації щодо впровадження ефективних бізнес-моделей у практику фінансового обслуговування на ринку фінансових послуг в Україні. Проаналізовано роль фінансових послуг на фінансовому ринку, досліджено еволюцію сучасних бізнес-моделей, розкрито їх характер, обґрунтовано основні умови та особливості створення і функціонування вітчизняного ринку фінансових послуг. Запропоновано нові підходи до розвитку ринку фінансових послуг та інтеграції фінансово-банківської системи України у світовий ринок фінансових інтернет-послуг. Обґрунтовано об’єктивність пріоритетної участі банків у цих процесах, стратегію створення супермаркетів фінансових послуг та організацію кредитних інтернет-аукціонів. Розроблено засади створення комерційними банками інституціональних основ е-бізнесу у формі торгових домів і майданчиків, запропоновано основні принципи управління фінансовими потоками у цих системах, проведення взаєморозрахунків між учасниками і механізми гарантування виконання угод. Класифіковано специфічні фінансові ризики систем е-бізнесу, запропоновано методики їх оцінки та алгоритм ризик-менеджменту. Обґрунтовано методологічні основи створення нормативної бази з регулювання операцій е-бізнесу на вітчизняних ринках фінансових послуг.<br>On the basis of analysis and generalization of world financial services market development tendencies using up-to-date instruments of payment and electronic business (e-business) systems this dissertation offers scientifically-grounded methodical and practical recommendations on effective business models application into financial consumer service practice in Ukraine. The author analyses financial services’ role in the financial market, explores the evolution of contemporary business-models. These models’ nature is revealed and the main circumstances and peculiarities of creation and operation of financial services market on their basis are proved. New approaches to the development of contemporary financial services market and banking system integration into the world financial internet services market are offered. The work proves objectivity of banks’ priority participation in mentioned processes, market entry strategies and creation of financial services “supermarkets” as well as organization of credit internet-auctions. Fundamentals of building of e-business institutional foundations in the form of trade houses and trade areas by commercial banks are developed. Moreover, basic principles of financial flows management in these systems, carrying out of participants’ intercalculations and performance bond procedure are suggested. Financial risks specific for e-business systems are classified, their estimation methodology and risk-management algorithm are offered. The author studies some methodological principles of the normative base creation for regulation of e-business operations on domestic financial services markets.
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Stojanovic, Aleksandar. "Payment systems reforms." Thesis, City University London, 1999. http://openaccess.city.ac.uk/7781/.

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The nineties were a hectic period for many policy makers around the world in respect-of payment systems reforms. The increased attention to payment system issues was brought about by the following trends: (i) increased cross-border competition, innovations, and new communication and information technologies; (ii) the financial and political integration and changing processes in European Union and Countries in Transition. The purpose of this thesis is threefold. Firstly, it seeks to define and critically assess the major payment system developments and problems around the world with a view of advancing the understanding of the payment system matters. Secondly, it presents empirical evidence on payment systems similarities, and differences, across countries. This serves as a basis for recommendations about payment system reforms in Countries in Transition. Thirdly, it emphasises and investigates the institutional aspects of payment systems in different groups of countries. The research finds that payment systems around the world are different, but there are some universal themes and values that can serve as a basis for countries that are reforming their payment systems. The particular recommendations for public policy relate to need for greater: (i) payment system providers and instruments competition; (ii) payment system and monetary policy co-ordination; (iii) emphasis on financial stability.
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Baqer, Khaled. "Resilient payment systems." Thesis, University of Cambridge, 2018. https://www.repository.cam.ac.uk/handle/1810/285001.

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There have been decades of attempts to evolve or revolutionise the traditional financial system, but not all such efforts have been transformative or even successful. From Chaum's proposals in the 1980s for private payment systems to micropayments, previous attempts failed to take off for a variety of reasons, including non-existing markets, or issues pertaining to usability, scalability and performance, resilience against failure, and complexity of protocols. Towards creating more resilient payment systems, we investigated issues related to security engineering in general, and payment systems in particular. We identified that network coverage, central points of failure, and attacks may cripple system performance. The premise of our research is that offline capabilities are required to produce resilience in critical systems. We focus on issues related to network problems and attacks, system resilience, and scalability by introducing the ability to process payments offline without relying on the availability of network coverage; a lack of network coverage renders some payment services unusable for their customers. Decentralising payment verification, and outsourcing some operations to users, alleviates the burden of contacting centralised systems to process every transaction. Our secondary goal is to minimise the cost of providing payment systems, so providers can cut transaction fees. Moreover, by decentralising payment verification that can be performed offline, we increase system resilience, and seamlessly maintain offline operations until a system is back online. We also use tamper-resistant hardware to tackle usability issues, by minimising cognitive overhead and helping users to correctly handle critical data, minimising the risks of data theft and tampering. We apply our research towards extending financial inclusion efforts, since the issues discussed above must be solved to extend mobile payments to the poorest demographics. More research is needed to integrate online payments, offline payments, and delay-tolerant networking. This research extends and enhances not only payment systems, but other electronically-enabled services from pay-as-you-go solar panels to agricultural subsidies and payments from aid donors. We hope that this thesis is helpful for researchers, protocol designers, and policy makers interested in creating resilient payment systems by assisting them in financial inclusion efforts.
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Mráčková, Kateřina. "Návrh metodiky bezpečnosti informací v podniku provozující elektronický obchod." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2013. http://www.nusl.cz/ntk/nusl-224218.

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The work deals with the analysis of security management in company selling goods trought the stone shop and the electronic commerce. The assets and threats affecting them were identified and an analysis of risks and selected measures was evaluated. The work is based on the theoretical background from series of standards ISO/IEC 27000 given in the first part of it.
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Mamman, Aminu. "Employees' preferences for payment systems." Thesis, Cardiff University, 1989. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.248142.

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Althinayyan, Abdullah. "Rental Payment Solution Using HomeHey." Digital Commons at Loyola Marymount University and Loyola Law School, 2016. https://digitalcommons.lmu.edu/etd/368.

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Young, Linda. "The Impact of Payment Systems on Dentists." Thesis, University of Dundee, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.500643.

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Books on the topic "Risks of payment systems"

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B, Wunnicke Diane, ed. Managing the risks of payment systems. J. Wiley, 2003.

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Nihon Ginkō. Financial and Payment System Department., ed. Functions of and risks in payment and settlement systems in Japan. Bank of Japan, Financial and Payment System Department, 1992.

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Fund, International Monetary. Systemic financial risk in payment systems. International Monetary Fund, 1990.

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Pankki, Suomen, ed. Liquidity, risks and speed in payment and settlement systems: A simulation approach. Suomen Pankki, 2005.

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Timo, Iivarinen, and Suomen Pankki, eds. Regulation and control of payment system risks: A Finnish perspective. [Bank of Finland], 2003.

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Borio, C. E. V. The nature and management of payment system risks: An international perspective. Bank for International Settlements, Monetary and Economic Dept., 1993.

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McPhail, Kim. Managing operational risk in payment, clearing, and settlement systems. Bank of Canada, 2003.

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McPhail, Kim. Managing operational risk in payment, clearing, and settlement systems. Bank of Canada, 2003.

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Leinonen, Harry. Payment system risks in Finland and the need for regulation and supervision. Bank of Finland, 1998.

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Office, General Accounting. Payments, clearance, and settlement: A guide to the systems, risks, and issues : report to the Chairman, Committee on Banking and Financial Services, House of Representatives. The Office, 1997.

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Book chapters on the topic "Risks of payment systems"

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Rambure, Dominique, and Alec Nacamuli. "Risks in Payment Systems, Oversight and Security." In Payment Systems. Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230227217_4.

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Ndaw, Marie, Gervais Mendy, and Samuel Ouya. "Modeling the Effect of Security Measures on Electronic Payment Risks." In Advances in Intelligent Systems and Computing. Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-319-76354-5_23.

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Hanyu, Mao. "Central Bank Digital Currency Cross-Border Payment Model Based on Blockchain Technology." In Financial Mathematics and Fintech. Springer Nature Singapore, 2023. http://dx.doi.org/10.1007/978-981-99-2366-3_10.

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AbstractSince the turn of the twenty-first century, the growth of the globalized economy and trade has accelerated, and the cross-border payment system, which is an essential component of the international financial infrastructure, has played a significant role in the global economy and trade. However, traditional cross-border payments present risks and challenges, such as expensive processing fees, limited payment efficiency, information asymmetry in the trade process, and reliance on a highly centralized cross-border payment system. This chapter is based on consortium blockchain technology and utilizes Polkadot’s Parachain, Relay chain, and cross-chain technologies as references; a scalable, high-efficiency, high-security, and privacy-protecting central bank digital currency cross-border payment model is designed. Analyzed the usage of hash digest technology and CoinJoin technology to avoid the tracing of transactions in order to protect privacy. The issuance of multi-country central bank digital currency or stablecoin anchored to a basket of fiat currencies is discussed as the currency in circulation in the model. Finally, the central bank digital currency cross-border payment development trend is summarized and forecasted.
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Borio, Claudio E. V. "Comment: The Payment and Settlement Systems." In Coping with Financial Fragility and Systemic Risk. Springer US, 1995. http://dx.doi.org/10.1007/978-1-4757-2373-1_16.

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Rochet, Jean-Charles, and Jean Tirole. "Chapter Six Controlling Risk in Payment Systems." In Why Are There So Many Banking Crises? Princeton University Press, 2009. http://dx.doi.org/10.1515/9781400828319.159.

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Moliterni, Francesco. "IT Firms, Payment Systems, Systemic Risks and Art. 47 of Italian Constitution." In Encyclopedia of Contemporary Constitutionalism. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-319-31739-7_174-1.

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Russo, Daniela, and Pietro Stecconi. "Operational Risks in Payment and Securities Settlement Systems: A Challenge for Operators and Regulators." In Operational Risk toward Basel III. John Wiley & Sons, Inc., 2011. http://dx.doi.org/10.1002/9781118267066.ch19.

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Mengle, David L. "Regulatory Solutions to Payment System Risks: Lessons from Privately Negotiated Derivatives." In Coping with Financial Fragility and Systemic Risk. Springer US, 1995. http://dx.doi.org/10.1007/978-1-4757-2373-1_13.

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Winarko, Kensi, Carissa Valencia, Maria Pia Adiati, and Dendy Rosman. "Pay Now or Pay at the Hotel: The Impact of Payment Time Preference on Perceived Risks Moderated by Temporal Distance in Online Hotel Booking." In Studies in Systems, Decision and Control. Springer Nature Switzerland, 2024. http://dx.doi.org/10.1007/978-3-031-65203-5_68.

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Meier, Henri B., John E. Marthinsen, Pascal A. Gantenbein, and Samuel S. Weber. "Swiss National Bank and Swiss Franc’s Role in Global Financial Markets." In Swiss Finance. Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-23194-0_7.

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AbstractThe Swiss National Bank (SNB) is Switzerland’s reliable, conservative, and independent central bank. Its mandate is to ensure price stability with due consideration for the economy’s development. As the nation’s monetary authority, ultimate source of bank liquidity, and lender of last resort, the SNB has kept Switzerland’s inflation low relative to other countries, mitigated systemic financial risks, provided efficient payment services, participated in multilateral global organizations, and compiled useful statistical data. The SNB’s effectiveness, combined with Switzerland’s lack of commercial and financial restrictions, political neutrality, direct democracy, moderate taxes, and fiscally disciplined governments, have appreciated the Swiss franc’s value and made it a haven in times of international turmoil. Digitalization, cryptocurrencies, and central bank digital currencies are challenges the SNB faces.
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Conference papers on the topic "Risks of payment systems"

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Han, Juan, Limei Yu, Aiqing Li, Yuanmeng Jiang, Shuai Jiang, and Mengyu Tian. "Risk Identification Method for Power Payment Based on Joint Analysis of Multi-Source Data." In 2024 10th International Conference on Systems and Informatics (ICSAI). IEEE, 2024. https://doi.org/10.1109/icsai65059.2024.10893736.

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S, Sakthimurugan, K. Ragini, K. Priyadharsini, Varanasi Srinivas, Zaid Ajzan Alsalami, and Prashant Gupta. "Blockchain-Based Secure Payment Systems for E-Commerce." In 2025 International Conference on Intelligent Control, Computing and Communications (IC3). IEEE, 2025. https://doi.org/10.1109/ic363308.2025.10956192.

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Jain, Dr Richa, and Dr Durdana Ovais. "DIGITAL BANKING PRACTICES AND E-WALLETS – TRENDS AND CHALLENGES." In Transforming Knowledge: A Multidisciplinary Research on Integrative Learning Across Disciplines. The Bhopal School of Social Sciences, 2025. https://doi.org/10.51767/ic250102.

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Purpose: Payment system technology innovation is the financial system's backbone. The current research examines contemporary trends and issues in digital banking systems. The paper seeks to provide a comprehensive assessment of current digital payment technology and issues. Design/Methodology:The authors conducted a thorough literature analysis and mapped 33 papers retrieved from Google Scholar databases. The current study also helps to document research themes and thematic maps that examine the relationship between e-wallets and digital banking served as the foundation for this study. Findings: This study classifies digital payment technology trends by conducting a comprehensive review of available research. Furthermore, the paper presents key findings in digital payment technologies into broad themes: Digital Banking Trends and Challenges, EWallet Adoption and Consumer Behavior, Impact of Digital Banking on Business and Economy, Technological Innovations in Digital Payments, Systematic Reviews and Bibliometric Analyses on Digital Payments, and Security and Risks in Digital Transactions. Originality:The study is unusual since it examines current trends and difficulties in the digital world of banking. The research maps and discover the various challenges.
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Cai, Yuan-ping, and Yu-ying Wang. "Simple said about online payment risks and preventive measure." In 2011 China located International Conference on Information Systems for Crisis Response and Management (ISCRAM-CHINA). IEEE, 2011. http://dx.doi.org/10.1109/iscram.2011.6184112.

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Yashnarovna, Abdul-Azalova Makhina. "Assessment Features And Appearance Reasons Of Risks In E-payment Systems." In 2019 International Conference on Information Science and Communications Technologies (ICISCT). IEEE, 2019. http://dx.doi.org/10.1109/icisct47635.2019.9012024.

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Niriella, Adeesha, and Iresha Gamage. "Relationship between procurement systems and payment methods in assuring financial safety in Sri Lankan building projects." In The SLIIT International Conference on Engineering and Technology 2022. Faculty of Engineering, SLIIT, 2022. http://dx.doi.org/10.54389/izcf4906.

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The Construction industry is a place where the parties to a project frequently face various risks throughout the project life cycle. Financial risks are one of the aforementioned risks that have a significant impact on parties, and more studies should be conducted to investigate the possibility of minimizing these financial risks and assuring the financial safety of projects. Thus, this research aims at identifying the relationship between procurement systems and payment methods towards assuring the financial safety of construction projects. Researchers selected government funded building projects to limit the scope because such projects frequently deal with financial risks. Frequent financial risks in a Government Funded Building Projects (GFBP) were identified as material shortages, fluctuation of inflation rate, legislation changes. The study used a mixed method approach, and data was gathered through semi structured interviews and questionnaires. Data was analyzed using manual content analysis and basic statistics. Common procurement systems and payment methods available in a GFBP were identified through interviews. Accordingly traditional, design and build, management oriented and collaborative procurement systems were identified and lumpsum, measure and pay, Guaranteed Maximum Price (GMP) and cost reimbursement were identified as payment methods. Furthermore, findings revealed that there are six common combinations between procurement systems and payment methods in GFBP. The identified combinations were further tested for their ability to minimize financial risks of GFBP and it was revealed that the combination consisting of Lumpsum with Design and Build was the best combination to assure financial safety in GFBP. Other combinations are traditional with measure and pay, design and build with lumpsum, design and build with GMP, management oriented with lumpsum, management oriented with measure and pay. Ultimately, a framework has been developed by harmonizing all the research findings in which parties can select the most viable combination to assure the financial safety of their project. KEYWORDS: Financial safety, Government funded building projects, Procurement systems
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Deynekli, Adnan. "Payment against Documents in International Trade." In International Conference on Eurasian Economies. Eurasian Economists Association, 2014. http://dx.doi.org/10.36880/c05.01164.

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As compared to internal trade, international trade involves several risks, which can be specified as commercial, physical, political and legal risks. Cash against documents (documentary collection) is a type of payment method applied to reduce the legal risks in a transaction. This payment method is a reassuring way for the Importer, since he is not under any obligation to make a payment before examining the document and confirming its conformance to the terms of order. Cash against documents is more reliable than cash against goods (open account) on the one hand, but less reliable than letters of credit on the other hand. Cash against document is one of the most commonly used payment methods in international trade as it offers a cost-effective and simple system and processes faster than cash against goods. Rules regarding cash against documents are governed by International Commerce Chamber Brochure no. 522 (Uniform Rules for Collection-URC), which is a set of guiding principles with a non-statutory character. There is no specific regulation exists on cash against documents in Turkish Law. In order to apply the rules on cash against documents in a transaction, “documentary collection/cash against documents clause” should be incorporated into the text of contract. Parties to a documentary collection are the Principal (seller/exporter/drawer), the Remitting Bank, the Collecting Bank and the Drawee (buyer/importer).
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Saini, Mrs Jaya, and Dr Rasmeet Kaur Malhi. "PERCEIVED RISKS IN ONLINE APPAREL SHOPPING: A STUDY OF CONSUMER BEHAVIOR IN BHOPAL CITY." In Transforming Knowledge: A Multidisciplinary Research on Integrative Learning Across Disciplines. The Bhopal School of Social Sciences, 2025. https://doi.org/10.51767/ic250104.

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Purpose:The rapid growth of e-commerce has significantly transformed the landscape of online apparel shopping, providing consumers with the convenience of ease and a huge array of choices. However, perceived risks such as financial, product, privacy, and delivery concerns continue to affect consumer behaviour and limit full adoption. This study has aimed to identify the dimensions of perceived risk in online apparel shopping within the sociocultural and economic context of Bhopal city. The present research identifies the major risk factors and understand the influences that shape consumer perceptions and analyse strategies consumers use to mitigate those risks. Methodology:The study adopts a quantitative research approach using a structured questionnaire to gather data from 30 respondents residing in Bhopal city through convenience sampling. Data is analysed using descriptive statistics, chi-square tests, and graphical representation of trends and influences. Findings: Consumers are moderately to highly concern about product quality, privacy, and delivery risks. Financial risk is not a major concern due to improved secure payment systems. Gender, age, occupation, and income do not have significant influence on risk perception. Reading reviews, secure payment methods, trusted brands, and clear return policies are the most commonly adopted strategies. Perceived risks significantly influence purchase decisions and online shopping frequency. Consumers who are highly concerned about risks tend to shop less frequently. Originality Value: This study provides localized insights into consumer risk perceptions within a Tier-2 city and highlights the particular concerns and behaviour of online apparel shoppers in Bhopal. It provides practical recommendations for e-commerce businesses to address these barriers by enhancing trust, transparency, and service quality.
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Pan, Jingming, Jun Wang, and Xiaowo Tang. "Global ordering decision of the loss-averse retailer based on multiple risks and payment schemes." In 2013 10th International Conference on Service Systems and Service Management (ICSSSM). IEEE, 2013. http://dx.doi.org/10.1109/icsssm.2013.6602521.

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Mishchenko, Volodymyr. "MECHANISMS OF DIGITAL RISK MANAGEMENT OF PAYMENT SYSTEMS." In Current issues of economic development: problems, perspectives, international experiences. Publishing House “Baltija Publishing”, 2023. http://dx.doi.org/10.30525/978-9934-26-296-8-50.

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Reports on the topic "Risks of payment systems"

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León, Carlos, and Kimmo Soramäki. The Next Generation RTGS: Liquidity Saving Mechanisms as an Overlay Service. FNA, 2024. http://dx.doi.org/10.69701/cfcz133.

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Between 1985 and 2006, a total of 96 central banks implemented Real-time Gross Settlement (RTGS) systems. The adoption of this technology was driven to reduce risks inherent in the then-predominant Deferred Net Settlement (DNS) systems. However, because RTGS systems consume large amounts of liquidity when each payment is settled individually, many RTGS systems (e.g., CHAPS and Target2) implemented Liquidity-Saving Mechanisms (LSMs) of varying complexity, with most deploying variations of the algorithm presented by Morten Bech and Kimmo Soramäki (the co-author) in 2001. Many of these systems are now at the end of their investment cycle, and a conversation has begun on what technology the next generation of RTGS systems should employ. In this paper, we argue that the concept of an LSM Overlay Service that separates the functioning of the core central bank ledger, the RTGS system, and the LSMs has several benefits over existing system architectures. An LSM Overlay Service will rearrange how interbank payments are processed. This service overlays the RTGS system with LSMs that resequence (and in case of PvP or DvP synchronise) payment orders before they reach a "thin" RTGS system with very basic operational processing functionality. Introducing the LSM Overlay Service unlocks many benefits for financial institutions while preserving the central bank's mandate to guarantee the safe and efficient functioning of the payment system with a more resilient service at a lower cost.
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Loecker, Florian, Amanah Ramadiah, Kimmo Soramäki, and Will Towning. Building Robust Anti-Fraud & Scam Capabilities at the National Level. FNA, 2023. http://dx.doi.org/10.69701/ektb6000.

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The introduction of instant payment systems around the world has accelerated in recent years. There are now over 80 instant payment systems globally, with more than 35 being launched in the last five years and eight currently being built. These systems bring unprecedented speed and efficiency to payments markets, with greater convenience for consumers. However, faster payments also means faster fraud. For example, in Hong Kong, the volume of fraud cases more than doubled in the four years following the introduction of the Faster Payment Service in 2018. Authorized Push Payments (APP) fraud losses - a form of fraud in which victims are manipulated into making instant payments to fraudsters - are expected to climb to $5.25 billion across the US, UK, and India by 2026. Fraudsters use complex and sophisticated transaction schemes that span across banks to conceal the destination of fraudulently acquired funds. This means that no bank has full visibility of this network with their own payments data alone. It also means that standard rules and statistical approaches to fraud detection and prevention based on siloed bank-level data are limited in their effectiveness as they fail to fully capture the network dimension. We argue that the problem can only be efficiently addressed by capturing the full network, including cross-bank payment flows. This can be done by collating payments data into a central data hub that enables: The tracing and tracking of the fund movements in real time, allowing banks to recover funds for victims and identify new mule accounts and schemes faster, as well as reduce the cost of doing so. More accurate methods for fraud detection and risk scoring that employ graph features of the data. Risk scores and features to be provided to banks in real-time via APIs to improve their own fraud models and enable them to make more accurate and faster decisions on stopping fraudulent payments.
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Henriquez, Josefa, Richard van Kleef, Andrew Matthews, Thomas McGuire, and Francesco Paolucci. Combining Risk Adjustment with Risk Sharing in Health Plan Payment Systems: Private Health Insurance in Australia. National Bureau of Economic Research, 2023. http://dx.doi.org/10.3386/w31052.

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Isaacson, Ken. Introducing a Framework for Measuring the Quantitative Benefits of Privacy-Enhancing Technologies. Federal Reserve Bank of Cleveland, 2024. http://dx.doi.org/10.26509/frbc-wp-202416.

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This paper reviews privacy-enhancing technologies (PETs) and explores their benefits when used to make traditional payment processes more private. PETs can decrease privacy risk by reducing the amount of sensitive information accessible to payment-processing personnel and systems. This paper proposes a framework for quantifying the risk-reduction benefits of PETs. This method can be used to calculate the amount of privacy-risk exposure that may be created by a set of payment activities, estimate the amount by which PETs can decrease that exposure, and compare that quantified benefit against possible PET drawbacks. Assessing these drawbacks is outside the scope of this paper.
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Arewa, Moyo, Celeste Scarpini, Kelbesa Megersa, Barry Cooper, Antonia Esser, and Megan Campbell. How Will Central Bank Digital Currencies (CBDCs) Influence Tax Administration in Developing Countries? Institute of Development Studies, 2024. http://dx.doi.org/10.19088/ictd.2024.057.

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Developing countries are driving the emergence of central bank digital currencies (CBDCs) – digital versions of sovereign currencies issued by central banks. While CBDCs can potentially improve financial inclusion, improve payment systems, and increase tax collection in lower-income countries, they are also associated with a complex combination of operational and security risks. This research sheds light on the tax implications of CBDCs, including the potential risks and benefits of their implementation. It outlines some of their key features and considers challenges common to revenue authorities in developing countries. Ultimately, the paper argues that a) governments adopting CBDCs must ensure that the currencies are developed and implemented transparently, fairly, and consistently with broader public policy goals while attending to context-specific challenges, and b) tax authorities should exercise more influence on CBDC design and implementation to maximise tax system benefits and reduce the possibility of worsening current challenges and inequities. Summary of ICTD Working Paper 189.
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Arewa, Moyo. How Will Central Bank Digital Currencies (CBDCs) Influence Tax Administration in Developing Countries? Institute of Development Studies, 2024. http://dx.doi.org/10.19088/ictd.2024.026.

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This paper explores the potential benefits and risks to tax administrations of implementing central bank digital currencies (CBDCs), a digital version of national currencies that is gaining momentum worldwide. It outlines some of the key features of CBDCs and then considers their implications for tax administration in low- and middle-income countries (LMICs) generally. The emergence of CBDCs provides LMICs with a significant opportunity to improve financial inclusion, improve payment systems and increase tax collection. CBDCs provide greater transparency, security and traceability, which could help tax authorities track income and net worth, detect tax evasion and increase tax revenue. However, there are also complex combinations of risks associated with deploying CBDCs. The revenue authorities need to thoroughly assess how they should adapt to these challenges. Governments must also ensure that CBDCs are developed and implemented transparently, fairly and consistently with broader public policy goals. This will help maximise the potential benefits of CBDC adoption while mitigating the risks – which may be particularly significant in LMICs.
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Barrett, Raphael D., and Stanley Lalta. Health Financing Innovations in the Caribbean: EHPO© and the National Health Fund of Jamaica. Inter-American Development Bank, 2004. http://dx.doi.org/10.18235/0008954.

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This paper describes the conceptualization, development and implementation of the National Health Fund in Jamaica. Established in 2003, the NHF provides direct assistance to patients for drug purchases and funding support to private and public organizations for approved projects. The NHF marks a new strategic approach to the introduction of national health financing schemes utilizing the EHPO© analytical model. EHPO© (Evaluating Health Policy Options) helps policymakers develop strategies and options and includes an interactive, dynamic computer model that is used to evaluate benefit coverage options and their financial risks. The paper examines the desirable features of national health financing systems, the Jamaica public policy context and the role of EHPO© in analyzing health benefits and coverage, financial risk and liability. It suggests lessons to other countries for the design of healthcare benefits coverage, financing, provider payment mechanisms and public policy implementation.
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Melad, Kris Ann. From Complaints to Opportunities: Analyzing Grievance Trends and Responsiveness in the 4Ps. Philippine Institute for Development Studies, 2023. http://dx.doi.org/10.62986/dp2023.25.

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The 4Ps grievance redress system (GRS) is designed to facilitate due process in resolving the concerns and complaints about the program of beneficiary households, program stakeholders, and the general public. As with other social programs globally, the 4Ps GRS serves as a social accountability measure in response to risks of error, fraud, corruption, and leakages due to the intensive requirements and complexity of its operations. This study investigates the 4Ps GRS by analyzing grievance case data from 2010 to 2022. Key patterns and challenges emerged, with a notable increase in grievance volume following procedural guideline upgrades and calamitous events, while cases declined due to malfunctioning Management Information Systems (MIS). Payment-related issues topped grievances in terms of volume, reflecting challenges in cash transfer distribution as expected since the payment of grants is a key feature of a conditional cash transfer. In-person modes dominated grievance filing, emphasizing the importance of direct interaction and capacity building of staff to manage grievances effectively. Grievance resolution rates were generally high, but a decline in 2021-2022 highlighted a need to review procedures. Regression analysis indicated factors influencing timely resolution, including mode of submission and regional disparities. Interviews from previous studies revealed limited beneficiary awareness, cases of delayed resolutions, and a need for better access to case updates. Recommendations include strengthening data management, improving staff capabilities, promoting beneficiary awareness, and implementing regular evaluation and monitoring. These findings underscore the necessity of targeted approaches for grievance resolution in the 4Ps program.
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Alonso, Daniel. Stabilisation properties of a sure-like European unemployment insurance. Banco de España, 2024. http://dx.doi.org/10.53479/36654.

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To moderate the falls in production and income that affect certain states or regions, countries and monetary unions have risk-sharing mechanisms. These mechanisms work by stabilising household incomes such that fluctuations in production do not filter through to consumption. Almost all existing monetary unions are true insurance unions, except for the euro area. This entails lower resilience to economic shocks and, as demonstrated during the COVID-19 crisis, implies that the ability to respond to different shocks may differ between countries and, therefore, hinder economic convergence and homogeneous operation of the euro area. In this regard, the creation of a European Unemployment Insurance (EUI) scheme is often cited as an important step towards macroeconomic smoothing within the euro area that could help mitigate the economic and social impact of large economic shocks. In this paper, I propose an EUI scheme, with partial coverage, calibrated to the characteristics of the Temporary Support to Mitigate Unemployment Risks in an Emergency (SURE scheme) introduced during the COVID-19 crisis, and test its cyclical properties through simulation exercises, based on the payment and contribution flows in each country. This paper shows that such a transfer system with a relatively limited size could make a significant contribution to stabilising economic developments, cushioning part of the disruptions in times of crisis.
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Vargas-Herrera, Hernando, Pamela Andrea Cardozo-Ortiz, Clara Lía Machado-Franco, et al. Payment Systems Report - 2019. Banco de la República de Colombia, 2021. http://dx.doi.org/10.32468/rept-sist-pag.eng.2019.

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