E ven though predictions about a cashless and checkless society have been made for many years, retail payment transactions made with electronic payment instruments still constitute only a small fraction of all payments made in the United States. 1 The rate of growth of electronic payments is estimated to exceed that of paper checks, but the number of checks written still increases each year, an...

electronic cheque (check) is one of the electronic commercial instruments, which could be transferred in two ways, full electronic (original) check and substituted electronic check. principally, electronic original checks cannot be issued without sufficient funds at the bank and in case of insufficient fund or its the system automatically block it. this type of checks has special legal regulati...

The Bank of Finland’s Finnish Payment Habits 2010 project predicts that Finnish payment habits will face substantial changes. The causes for these changes include: the standardisation and integration of European payment systems, development of payment services-related legislation and regulation at EU level, changes in payment services-related cost factors and pricing, and new opportunities offe...

In today's world, most financial transactions are carried out using done through electronic instruments and in the context of the Information Technology and Internet. Disregarding the application of new technologies at this field and sufficing to traditional ways, will result in financial loss and customer dissatisfaction. The aim of the present study is surveying and analyzing the use of elect...

Innovations in electronic banking in Iran have led to the development in capacities such as payment instruments and transactions by cards, which are known as electronic payment equipment in the Iranian banking network. Financial supervision is required to be increasingly based on reporting and regulatory processes to efficiently and proactively monitor risk and compliance at banks and financial...

Global competitiveness has recently become the biggest concern of both manufacturing and service companies. Electronic commerce, as a key technology enables the firms to reach all the potential consumers from all over the world. In this study, we have presented commonly used electronic payment systems, and then we have shown the evaluation of these systems in respect to different criteria. The ...

introduction payment system is any organized arrangement for transferring monetary value leading to discharge and settlement of obligation. negotiable instruments in their special meaning are tradable documents that can be used as means of payment in commercial and consuming trades and are considered as non-cash payment system among the monetary transferring systems. the negotiable instruments ...