Classification of Payment Systems Based on Their Oversight
Journal Title: Бізнес Інформ - Year 2014, Vol 9, Issue 0
Abstract
The question of payment systems classification is studied due to the increase in their economic weight and the necessity of ensuring their safety and effectiveness through oversight of their operations by the central bank. Characteristic features of each type of payment systems are established which in the aggregate determine special properties associated with realization of their oversight. Classification criteria are grouped into those pointing out the distinctions and special properties of the organizational and legal form of the payment organization of the payment system and those concerning settlement within the payment system. Depending on the organizational and legal form, payment systems are classified by the form of ownership and proprietor type, participant residence and participation structures. Depending on the settlement characteristics, the following classification criteria are identified: the form and time frame of settlement, the scale of activities, the credit mechanism, the funds reservation procedure, an average payment sum and service segment, performance of settlement by the payment organization. Besides, the author proposes a classification of payment systems based on their role (or importance) in the economy.
Authors and Affiliations
Iuliia Balakina
Keywords
Related Articles
- EP ID EP105897
- DOI -
- Views 129
- Downloads 0
The Theoretical Foundations of the International Transport Corridors and their Role in the Economy of Ukraine
The analysis of the theoretical foundations of the international transport corridors is discussed. Particular attention is given to transit opportunities of Ukraine, their current shortcomings, possible ways of improveme...
Financial Mechanism of the Financial Security of Machine-Building Enterprises
The article suggests the financial mechanism of the financial security of economic entities in the system of financial relations, which is a holistic system of individual interconnected components of financial security a...
Formation of the Innovation Component of Marketing Technologies of Enterprises That Produce Mineral Waters
The article considers main marketing technologies of building competitive advantages by enterprises that produce Ukrainian mineral waters. It considers individual innovations of the conceptual (eco-marketing) and applied...
Analysis of the Expediency of Formation of Material Circulating Assets of Enterprise
The article is aimed at developing methods for analysis of expediency of formation of material circulating assets of an production-trade enterprise. The actuality of analyzing the expediency of formation of reserves at t...
Methods of Identification of Efficiency of Action of the System of Mandatory Social Medical Insurance in Ukraine
The article develops and offers the author's vision of methods of analysis of efficiency of action of the system of mandatory social medical insurance by categories and indicators. These methods are required for being us...