Why Are E Payment Systems Important For Us

Author : Henrik Fürst
Publisher : GRIN Verlag
Page : 20 pages
File Size : 43,8 Mb
Release : 2017-02-15
Category : Business & Economics
ISBN : 9783668397880

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Why are E-payment systems important for us? by Henrik Fürst Pdf

Seminar paper from the year 2014 in the subject Business economics - Trade and Distribution, grade: 07, University of Southern Denmark, language: English, abstract: During its more than 20 years of existence, the internet has become an essential "thing" in the society and daily life. The number of people worldwide using the internet has more than doubled from 2007 to 2013. While it was ca 1,3 billion people in 2009, it was ca 2,7 billion in 2013. Not only the access to internet got very easy, but also the demand for internet has increased a lot. Over the time as well e-payment systems has developed and are today a solid component of the Business-to-consumer sector. They can be found in many different trends. Google, MasterCard, Ebay are all well known names who all made their part to bring e-payment to its present place. But how do they function? How important are they? And furthermore, why should they be important since the world kept on spinning before there invention? This paper will analyze the importance of e-payment systems in the daily life for individuals such as for the business sector. The main point and also the research question for this paper will be to find out "Why are e-payment systems important for us?". For a better overview and understanding firstly the classic and modern payment systems are shortly presented and later shortly compared. Followed by description of how e-payment does influence the daily life of individuals in the society, such as the business/political area. It continuous with the analytical part, where the research question is tried to be answered by analyzing the findings. It ends with the conclusion, where the findings of the analysis are finally presented.

Author : Margaret Tan
Publisher : NUS Press
Page : 244 pages
File Size : 42,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 9971692856

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E-payment by Margaret Tan Pdf

The volume of payments handled electronically has increased dramatically in recent years, as have liquidity, volatility and the amount of money flows across borders. This important global trend works together with a growing integration in corporate business processes, and a convergence in network architecture as e-payment of all kinds moves to Internet protocol systems. The net result is a new e-payment landscape that presents daunting challenges on many levels, as well as exciting opportunities, for banks, businesses and governments. Consumer and citizen interests are also at stake. This book takes a unique, wholly integrated look at the e-payment landscape, understanding the way that existing systems are being stretched and challenged. Credit card systems are extended to facilitate Internet-based eCommerce. Consumers are becoming accustomed to using their stored-value mass transit cards to make payments for goods and services. Corporations put pressure on banks to integrate business information into their electronic payment processes. New non-financial players emerge holding important floats and many of these players are challenging for key parts of the banking franchise. This bo

Author : Dennis Abrazhevich
Publisher : Dennis Abrazhevich
Page : 202 pages
File Size : 51,6 Mb
Release : 2004
Category : Electronic
ISBN : 9789038619484

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Electronic Payment Systems: a User-Centered Perspective and Interaction Design by Dennis Abrazhevich Pdf

Author : David B. Humphrey
Publisher : Springer Science & Business Media
Page : 301 pages
File Size : 40,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400925106

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The U.S. Payment System: Efficiency, Risk and the Role of the Federal Reserve by David B. Humphrey Pdf

The U.S. payment system is in the midst of a significant transition. Some of the changes to our payment system, involving its efficiency, the risks inherent in the payment process, and the role of the private and public sectors in the payment mechanism, are the subject of considerable debate and controversy. In recent years, the Federal Reserve Bank of Richmond has played an active part in the development and implementation of policies to improve the payment process. The Bank's operations staff has represented the Federal Reserve System in work with the banking industry to help shape and implement programs to increase efficiency and reduce payment risk. Further, our Research Department has made payment system research an important part of its agenda. The mix of practical experience and research has resulted in a unique perspective on payment system issues that led us to organize a symposium on the U.S. payment system, held on May 25-26, 1988, in Williamsburg, Virginia. Reflecting our belief in the importance of combining both practical experience and theory in addressing payment issues, we invited practi tioners, scholars, and policymakers to share their ideas. The symposium provided an opportunity for those researchers who are studying p- xi PREFACE xii ment issues to present their ideas and to have these ideas evaluated by experienced practitioners.

Author : David B. Humphrey
Publisher : World Bank Publications
Page : 114 pages
File Size : 41,9 Mb
Release : 1995
Category : Business & Economics
ISBN : 0821331116

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Payment Systems by David B. Humphrey Pdf

World Bank Technical Paper No. 260. An efficient payment system is a necessary precondition for business development. This study outlines the basic operating principles of a payment system and reviews its benefits, costs, risks, and problems. It examines in detail the systems currently in place in the developed economies of Europe and the United States and draws from the analyses to support recommendations for restructuring those systems in developing countries. The study reviews the various types of payment practices that exist in mature systems including cash, check, GIRO, debit and credit card, direct debit, and large-value wire transfers. A range of short- and long-term improvements in payment systems are recommended for developing countries. There is a special focus on the Russian payment system and the problems it faces in transition from a centrally planned to an market economy.

Author : Liébana-Cabanillas, Francisco
Publisher : IGI Global
Page : 393 pages
File Size : 46,8 Mb
Release : 2014-02-28
Category : Business & Economics
ISBN : 9781466651913

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Electronic Payment Systems for Competitive Advantage in E-Commerce by Liébana-Cabanillas, Francisco Pdf

Recent innovations in the field of information technology and communications are radically changing the way international organizations conduct business. In this competitive environment, having the necessary tools to streamline business transactions and secure digital payments is crucial to business success. Electronic Payment Systems for Competitive Advantage in E-Commerce provides relevant theoretical frameworks and the latest empirical findings on electronic payment systems in the digital marketplace. Focusing on the importance of e-commerce in business development, including the advantages and disadvantages of e-payments, this book is an essential resource for business professionals who want to improve their understanding of the strategic role of e-commerce in all dimensions, as well as for both researchers and students.

Author : Anonim
Publisher : Unknown
Page : 373 pages
File Size : 46,5 Mb
Release : 2014
Category : Electronic commerce
ISBN : 1466651938

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Electronic Payment Systems for Competitive Advantage in E-commerce by Anonim Pdf

This book provides relevant theoretical frameworks and the latest empirical findings on electronic payment systems in the digital marketplace, focusing on the importance of e-commerce in business development, including the advantages and disadvantages of e-payments

Author : Anonim
Publisher : Unknown
Page : 540 pages
File Size : 48,8 Mb
Release : 2003
Category : Banks and banking
ISBN : IND:30000100488414

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Payment and Settlement Systems in Selected Countries by Anonim Pdf

Author : Edward A. Morse
Publisher : American Bar Association
Page : 0 pages
File Size : 50,9 Mb
Release : 2018
Category : Business & Economics
ISBN : 1634259629

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Electronic Payment Systems by Edward A. Morse Pdf

This guide explores innovations and the legal and technological questions presented in the banking and payment systems industry. Written by experts in the field, this book provides a topical discussion of the principal electronic payment systems utilized today and how they are ever changing to keep current with changes in technology.

Author : Andreas Furche,Graham Wrightson
Publisher : Morgan Kaufmann Pub
Page : 108 pages
File Size : 53,5 Mb
Release : 1996
Category : Data encryption (Computer science)
ISBN : 3920993543

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Computer Money by Andreas Furche,Graham Wrightson Pdf

New electronic payment mechanisms together with an emerging global information economy on the Internet are set to change the way we do business. In the centre of all these developments are new electronic payment mechanisms, the financial infrastructure needed to open the electronic marketplace. This book gives a structured overview of these new payment mechanisms by first describing what exactly is possible today, what is currently existing or being developed, and how these systems work. It gives the essential background needed for informed decisions and discussions in the areas of electronic payment systems and electronic commerce.

Author : Mark Zandi
Publisher : FT Press
Page : 243 pages
File Size : 54,9 Mb
Release : 2012-09-04
Category : Business & Economics
ISBN : 9780132180191

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Paying the Price by Mark Zandi Pdf

Only a few years ago, the U.S. financial system and economy were near collapse. Global financial institutions teetered and fell, while at once-mighty U.S. companies, panicked CEOs slashed jobs. The financial chaos inflicted catastrophic damage: double-digit unemployment; crashing house and stock prices; federal budget deficits in the trillions, and a wider gap between the country’s haves and have-nots. Today many Americans still feel shell-shocked. But while there remains much to be nervous and frustrated about, it is impressive how much progress has been made in righting the wrongs that got us into this mess. The economy is growing and steadily creating jobs; house prices are stable and stock prices are up; debt burdens have eased for most households and the financial system has shored up its foundations to an impressive degree. American companies are as competitive globally as they have been in a half century. This dramatic turn in the economy’s fortunes occurred because of what government did to stem the financial panic and combat the effects of Great Recession. Policymakers’ unprecedented actions – from Congress’ auto and bank bailouts and fiscal stimulus, to the Federal Reserve’s zero interest rates and quantitative easing – remain intensely controversial, but ultimately they will be judged a success. Serious problems remain, including the government’s mounting debt load and a burgeoning number of disenfranchised workers, but we are on our way to addressing them. Our economic future has arguably never been brighter.

Author : Mr.Bruce J. Summers
Publisher : International Monetary Fund
Page : 232 pages
File Size : 44,8 Mb
Release : 1994-12-15
Category : Business & Economics
ISBN : 1557753865

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The Payment System by Mr.Bruce J. Summers Pdf

This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 46,9 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

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The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author : David L. Stearns
Publisher : Springer Science & Business Media
Page : 261 pages
File Size : 47,9 Mb
Release : 2011-01-04
Category : Computers
ISBN : 9781849961394

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Electronic Value Exchange by David L. Stearns Pdf

Electronic Value Exchange examines in detail the transformation of the VISA electronic payment system from a collection of non-integrated, localized, paper-based bank credit card programs into the cooperative, global, electronic value exchange network it is today. Topics and features: provides a history of the VISA system from the mid-1960s to the early 1980s; presents a historical narrative based on research gathered from personal documents and interviews with key actors; investigates, for the first time, both the technological and social infrastructures necessary for the VISA system to operate; supplies a detailed case study, highlighting the mutual shaping of technology and social relations, and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications; examines how “gateways” in transactional networks can reinforce or undermine established social boundaries, and reviews the establishment of trust in new payment devices.

Author : Tom Kokkola
Publisher : Unknown
Page : 369 pages
File Size : 42,9 Mb
Release : 2010
Category : Banks and banking, Central
ISBN : 9289906332

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The Payment System by Tom Kokkola Pdf

"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).