I n a modern economy, a large fraction of payments for goods and services involve the services of one or more banks. The provision of payment services is, in fact, one of the distinguishing characteristics of banks. A bank-intermediated payment instrument, such as a check, typically communicates instructions to the buyer’s bank to make payment to the seller or the seller’s bank. Often, then, we...

Individuals across the world often use high-transaction-cost savings devices, even when lower-cost technologies are available. I study this phenomenon via a field experiment where access to ATM cards was randomly assigned to 1,100 newly opened bank accounts in rural Kenya. These cards reduced withdrawal fees by over 50 percent. While the cards increased overall account use, the positive treatme...

Nowadays, Bank Cards have become of great importance in our lives, especially after the Spread Covid-19 Epidemic, which has almost minimized utilization Cash Money, relying instead on using Cards. As a matter fact, they are considered backbone life, and Islamic Law stipulated special provisions for these The Current Research shall attempt to address several issues related Cards, including defin...

Credit scoring models, or score cards, can contribute to bank safety and soundness as long as bank management actively participates in the development, implementation, monitoring, and validation of the model. Operational factors, such as accurate implementation of the credit scoring model and adequate training of data input staff, also can have an impact on the effectiveness of models. Changes ...

Despite that existence of variety of electronic payment systems is among critical success factors of ecommerce, it is surprising to note that few studies were carried about the preferences of customers to these alternatives. This study evaluates the degree of current use, satisfaction, intention to adopt and perceived obstacles toward existing electronic payment systems. Data were collected fro...

Today, prepaid cards are used in dozens of payment applications. To examine the most recent developments, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop on August 22, 2011. Leading the workshop was Tim Walsh, president and chief executive officer of Ready Credit Corporation, a firm that developed network-branded prepaid cards for use in transit-fare syste...

The aim of this paper is to detect bank credit cards related frauds. The large amount of data and their similarity lead to a time consuming and low accurate separation of healthy and unhealthy samples behavior, by using traditional classifications. Therefore in this study, the Adaptive Neuro-Fuzzy Inference System (ANFIS) is used in order to reach a more efficient and accurate algorithm. By com...