The article deals with the prospects for Development of the market of electronic payment systems in the context of accession of the Russian Federation to the WTO. The authors investigate the benefits of electronic payment systems for the national economy in the context of accession of the Russian Federation to the WTO, evaluate the competitiveness of the russian market of electronic payment sys...

Modeling the demand for cash and deposits is a primary concern for central banks. Within a wide range of academic contributions, payment choice models based on transaction sizes (TS models) have been promoted. However, TS models induce strong predictions about the use of payment instruments. In particular, all equal-sized transactions are supposed to be paid with the same payment instrument. We...

We use logit analysis to exploit a self-collected dataset on the payment and delivery options offered by the vast majority of B2C websites in 5 Central Asian transition economies. Specifically, we conduct a supply-side test of the Transaction Context Model, which highlights the role of perceived risk. Our results confirm that higher product risk increases the probability that e-retailers adopt ...

The micro-payment system is an important technique in electronic commerce. The high-value payment system is not suitable for a micro-payment system because the requirements are di€erent. To meet sucient security for all participants in electronic commerce, a micro-payment system makes it possible to make small payment through electronic communication networks. In this paper, we propose a simpl...

Credit-based electronic payment systems are considered to play important roles in future automated payment systems. Like most other types of payment systems, however, credit-based systems proposed so far generally involve computationally expensive cryptographic operations. Such a relatively heavy computational load is preventing credit-based systems from being used in applications which require...

Electronic payment systems have gradually become an important issue nowadays because of the popularity and importance of electronic commerce on the Internet. Security and convenience related topics are the most important issues that concern people. The electronic micropayment is one of the most popular research topics on electronic commerce. Recently, many efficient micropayment schemes, based ...

Development of e-banking has empirically modified the structure and characters of banks’ performance, efficiency, risk and challenges which have also been articulately recognized based on the international best practices. E-banking brazenly accelerates and restructures financial transactions via enhancing technology and expanding the banking services in comparison with conventional banking. Acc...

The growth of electronic commerce is dependent upon the emergence of effective electronic payment systems. Whilst payments for large purchases can be made relatively easily using credit/debit cards, small-scale electronic commerce is constrained by the limited nature of existing e-cash (or ‘micropayments’) systems. This paper outlines the evolution of electronic payment systems, leading to an a...

The number of payment transactions in Hungary has increased by almost one and a half times over ten years. use electronic instruments grown dynamically, while only moderate increase cash was observed. analysis shows the evolution payments market quantifies social costs attached to instruments. value latter HUF 832 billion 2019, representing real growth 20 per cent 10 years, mainly due developin...

Some retail payment systems can be modelled as two-sided markets, where a payment system facilitates money exchanges between consumers on one side and merchants on the other. The system sets rules and standards, to ensure usage and acceptance of its payment instruments by consumers and merchants respectively. Some retail payment systems exhibit indirect network externalities, which is one of th...