BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Payment Systems in Ukraine and Risks of their Functioning
Trusova N. V., Chkan I. O.

Trusova, Natalia V., and Chkan, Iryna O. (2021) “Payment Systems in Ukraine and Risks of their Functioning.” Business Inform 1:257–263.
https://doi.org/10.32983/2222-4459-2021-1-257-263

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 2

Download article (pdf) -

UDC 336.71

Abstract:
The article is aimed at defining the main aspects of the development of the current state of electronic payment systems in Ukraine and generalizing the main risks of violation of their functioning. The carried out research systematized information on the functioning of payment systems (both internal and international) and forms of payments in Ukraine (cash, non-cash – electronic). Among more than 80 domestic and international payment systems created by banks and non-bank institutions, the National Bank of Ukraine defines the following categories of importance of payment systems in Ukraine in order to ensure their continuous and stable functioning – systemically important, socially important and important. It is determined that in Ukraine at the legislative level, taking into account world trends, the payment infrastructure is being actively modernized, especially in the direction of protection of the rights of financial services consumers in the online space. Along with the advent of new technologies of electronic banking, opportunities to diversify the product range of remote services, atypical threats to traditional banking activities of both the internal and the external nature arise. The research systematizes the key risks inherent in functioning payment systems: legal, financial (total commercial risk, liquidity risk, commercial risk), settlement, operating, systemic. It is determined that the main risk in the banking and non-banking sectors is operational risk – the risk of loss of profit due to errors in the implementation of daily routine financial transactions. Prospects for further research in this direction are to find and implement effective mechanisms for minimizing or preventing risks of electronic payment systems.

Keywords: payment system, electronic banking, banking system, remote servicing, security of payment systems.

Tabl.: 2. Bibl.: 11.

Trusova Natalia V. – Doctor of Sciences (Economics), Professor, Professor, Department of Finance, Accounting and Taxation, Dmytro Motornyi Tavria State Agrotechnological University (66 Zhukovskoho Str., Zaporizhzhia, 69600, Ukraine)
Email: [email protected]
Chkan Iryna O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Accounting and Taxation, Dmytro Motornyi Tavria State Agrotechnological University (66 Zhukovskoho Str., Zaporizhzhia, 69600, Ukraine)
Email: [email protected]

List of references in article

Adamyk, B., and Tkachuk, V. “Platizhni systemy: fundamentalni zasady ta perspektyvy transformatsii“ [Payment Systems: Fundamental Principles and Prospects of Transformation]. Ekonomichnyi analiz, vol. 29, no. 3 (2019): 63-73. DOI: https://doi.org/10.35774/econa2019.03.063
[Legal Act of Ukraine] (2001). https://zakon.rada.gov.ua/laws/show/2346-14#Text
“Oversait infrastruktur finansovoho rynku“ [Oversight of Financial Market Infrastructures]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/ua/payments/oversite
“Bezhotivkovi rozrakhunky“ [Cashless Payments]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/ua/payments/nocash
“Kliientooriientovanist ta pidvyshchennia yakosti platizhnykh posluh - u Verkhovnii Radi zareiestrovano zakonoproiekt pro platizhni posluhy“ [Customer Orientation and Improving the Quality of Payment Services - a Bill on Payment Services Has Been Registered in the Verkhovna Rada]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/ua/news/all/kliyentooriyentovanist-ta-pidvischennya-yakosti-platijnih-poslug--u-verhovniy-radi-zareyestrovano-zakonoproyekt-pro-platijni-poslugi
Karcheva, H. “Teoretychni ta praktychni aspekty upravlinnia ryzykamy elektronnoho bankinhu“ [Theoretical and Practical Aspects of Electronic Banking Risk Management]. Naukovyi visnyk Polissia, vol. 2, no. 2 (2015): 121-126.
“Hlobalne doslidzhennia z pytan shakhraistva u bankivskii sferi“ [Global Study on Banking Fraud]. KPMG International, 2019. https://assets.kpmg/content/dam/kpmg/ua/pdf/2019/11/Global_Banking_Fraud_Survey.pdf
Dominova, I. “Teoretychni aspekty upravlinnia ryzykamy elektronnoho bankinhu“ [Theoretical Aspects of Electronic Banking Risk Management]. Prychornomorski ekonomichni studii. 2017. http://bses.in.ua/journals/2017/18_2017/34.pdf
“Metodychni rekomendatsii z upravlinnia ryzykamy v platizhnykh systemakh“ [Methodical Recommendations on Risk Management in Payment Systems]. https://bank.gov.ua/admin_uploads/article/Guidelines_risk_management_ps.pdf?v=4
Dominova, I. “Upravlinnia ryzykamy elektronnoho bankinhu“ [E-banking Risk Management]: dys. …kand. ekon. nauk : 08.00.08, 2018.
[Legal Act of Ukraine] (2021). https://zakon.rada.gov.ua/laws/show/v0004500-21#Text

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster