Electronic Payment Systems Research Articles

Computational solution of advanced stochastic time-delay differential equations using hybrid block extended Adams Moulton methods for customer’s satisfaction when using electronic payment systems in Nigerian banks

This study examined the implementation of Hybrid Block Extended Adams Moulton Methods (HBEAMM) for the computational solution of Advanced Stochastic Time-Delay Differential Equations (ASTDDEs) through the use of various electronic payment systems such as ATM, POS and internet banking offered by the Nigerian banks. This work attempts to proffer solution to customer challenges in using the ATM of most banks in Nigeria. The challenges are considered in this work as capable of resulting to advanced time-delay and volatility noise. It is therefore modeled as advanced stochastic time-delay differential equation (ASTDDE) and solved using Hybrid Extended Block Adams Moulton Methods (HEBAMMs). The discrete schemes of the proposed method (HBEAMM) were obtained by continuous formulations of multistep collocation method by matrix inversion approach. The necessary and sufficient conditions for convergence and stability of the method were analyzed and proved satisfactory. The discrete schemes obtained were applied in solving some advanced stochastic time-delay differential equations and the results obtained revealed the degree of customers’ satisfaction in the use of e-payment systems. The accuracy of the method is compared with other existing methods and presented graphically to prove its superiority.

The development fit index of digital currency electronic payment between China and the one belt one road countries

Central bank digital currency is one of the most important financial innovations in the global economy. However, the understanding of its cross-border application is insufficient. This study analyses the driving and supporting factors that affect the application of China’s digital currency electronic payment system in One Belt One Road countries. Using country-level data for 2019, this study proposes a systematic development fit index, consisting of six first-level indicators and 41 proxy variables. The index value shows that fit is determined by bilateral investment, bilateral trade, level of financial development, geopolitics, economic foundation and infrastructure development. Among the sample One Belt One Road countries (average index value 56.39), Malaysia (83.98), Singapore (80.5), Thailand (78.76), Russia (76.25) and the United Arab Emirates (75.48) have the most potential to participate in the new monetary system launched by China. The results provide practical implications for Chinese and OBOR governments in making related strategies.

Design and develop authentication in electronic payment systems based on IoT and biometric

Biometrics is a highly reliable technology where it has become possible to use the characteristics of a person or user (biometrics) along with traditional passwords, and we can even say that it has become an indispensable complement in modern authentication systems today, especially with regard to bank accounts, banks, financial technology (FinTech) internet of things (IoT) devices and all a process related to money and privacy, and biometric methods are multiple and increasing day by day, the most famous of which is (iris, face chart, palm, fingerprint, and others). Biometric systems are immune and immune from modern electronic attacks, such as plagiarism or electronic theft, because the authentication here takes place when all conditions are met. Then the authentication is done and the process is completed, and the aim is to reach the highest levels of accuracy and security and to make the user more comfortable to deal with these modern systems that provide him with many advantages and high privacy.

Influence of Electronic Payment Systems on Revenue Collection Performance in Trans Nzoia County Government Kenya

Trans Nzoia County, like other county governments in Kenya, has consistently failed to collect targeted revenue for the past three financial years, hence the need to evaluate factors affecting revenue collection efficiency. This study aimed to analyze electronic payment systems' influence on revenue collection performance in Trans-Nzoia County, Kenya. The specific objectives were: To determine the influence of electronic fund transfer payment systems, To investigate the influence of mobile payment systems, To establish the influence of electronic billing machines, and To identify the influence of online banking on revenue collection performance in Trans-Nzoia County Revenue Diversification and Resource Based View Theory guided the study. This study adopted a descriptive survey research design. The study utilized the census technique to come up with a sample size of 57 respondents. A questionnaire was the main tool for data collection. Research experts ensured that the content, especially the questionnaire was relevant and appropriate for the study. The study used Cronbach's alpha coefficient to determine the questionnaire's reliability coefficient. The study findings were that: Electronic fund transfer payment systems had a positive and significant effect on revenue collection performance (β=0.170, P = .05), Mobile payment systems had a positive and significant effect on revenue collection performance (β=0.263, P = .05), Electronic billing machines had a positive and significant effect on revenue collection performance (β=0.231, P = .05), and Online banking had a positive and significant effect on revenue collection performance (β=0.213, P = .05) This study concluded that electronic fund transfer payment systems, mobile payment systems, electronic billing machines, and online banking had a positive significant effect on revenue collection performance. Therefore, the study recommended that management should make more attempts to carry out electronic fund transfer payment systems, mobile payment systems, electronic billing machines, and online banking to enhance revenue collection performance.

ПРАВОВИЙ РЕЖИМ «ДІЯ СІТІ» У СФЕРІ ЦИФРОВОЇ ЕКОНОМІКИ

The scientific article is devoted to the peculiarities of the legislative consolidation and functioning of the legal regime of Diya City for technology companies. The article reveals the features of the concepts «legal regime», «special tax regime». It is revealed that there is no legal definition of the digital economy, despite such a necessity. Consequently, the author singles out the following characteristics of this concept: 1) the implementation of business activities in the global telecommunication networks; 2) e-commerce as a trading activity aimed at making a profit based on a complex automation of the commercial cycle through the global network; 3) various business models and means: electronic store; electronic reference book; electronic money; electronic payment systems; electronic auction; electronic shopping center; electronic dealers; virtual communities, etc.; 4) electronic data exchange (exchange of business data in a standardized format on a computer-computer basis between trading partners and other participants in relations in the field of the digital economy). The peculiarities of concluding a gig contract with performers as an alternative to labor relations with a Diya City resident are determined. The risks of applying this type of contract are given, in particular, the civil-law nature of such contracts, which puts the executors in a threatening position, does not allow such persons to be considered participants in labor relations, and removes them from the scope of regulation by the norms of labor legislation; significant risks of imbalance in labor relations; concluding a gig contract for an indefinite period carries the risk of an uncontrolled establishment of short-term labor relations and contradicts the recommendations of the ILO; part 5 of Art. 18 of the Law establishes discriminatory norms in relation to the persons working for a short period of time: «during the first three months of the gig contract, any party has the right to notify the other party of a unilateral rejection of the gig contract in a written (electronic) form not later than three calendar days before the scheduled termination date, if a longer notice period is not established by the gig contract»; potential violation of the employee's fundamental personal rights: «the resident of Diya City and his representatives can monitor the performance of work (providing services) by the gig specialist using monitoring tools, video surveillance tools in common areas and other means provided for by the gig contract.» However, the second paragraph partially eliminates such a risk, prohibiting the use of means of control in the event that it leads to interference in the personal and family life of the gig specialist.

The Influence of Socialization on Usefulness: Antecedent and Moderation Effect

A technology is said to be useful when the user decides to use it. In order for taxpayers to pay taxes easily and efficiently, the tax authorities need to introduce an electronic payment system by conducting outreach activities to PBB P2 taxpayers in order to increase their knowledge. convenience and self-efficacy. This type of research is quantitative research using primary data and sample determination using quota sampling with a total of 200 respondents. Data analysis using SEM-PLS assisted by SmartPLS Version 3.2.9 program. The results of this study obtained empirical evidence that: (1) internal education has a positive and significant effect on socialization; (2) socialization has a positive and significant effect on usefulness; (3) the ease of weakening the relationship between socialization and usefulness; (4) self-efficacy is not able to moderate the relationship between socialization and usefulness. This study also produces new findings, there is an effect of internal education antecedents that have a large enough influence before socializing

Determinants of Behavioral Interest in the use of Electronic Money (E-Money): Decomposed Theory of Planned Behavior Model Approach

The Purpose of this study is to test and to analyze the effect of perceived usefulness, perceived ease-of-use. interpersonal influence, external influences, facility conditions, attitudes, subjective norms and perceived behavioural control on interest in using E-money with modifications of Decomposed Theory of Planned Behavior (DTPB) based on accounting system information. The sampling method used is a non-probability sampling method in the form of convenience sampling. This research was conducted on the behavioral interest in using e-money in Batu City with the determinants of the Decomposed theory of Planned Behavior (DTPB) model in 2022. Data was obtained through online questionnaires filled out by 100 active users of electronic money systems. The analysis method used is a Structural Equation Modeling/SEM with a Partial Least Square/PLS test tool. Empirical evidence shows that perceived usefulness has no significant effect on the attitude, perceived ease-of-use, interpersonal influence, external influence, facilitating condition, attitude, norm subjective, perceived control behaviour has significant effects on intention electronic money. E-money is a prepaid product or stored value where consumers can store funds or monetary value in an electronic device. E-money is recommended to provide an electronic payment system that can be used easily and usefully while at the same time being able to use these results as a reference on customer behaviour in using electronic money accounting-based payment systems. This study uses DTPB, which is modelled directly on actual use. Keywords: Accounting; System; Electronic Money; DTPB; and intention.

Utilization of Standard Electronic Payment System among Private Higher Education Institutions in the Province of Albay

Electronic Payment Systems, the transfer of funds through electronic or digital mediums. Several electronic payment options are available, including mobile wallets, bank cards, and mobile banking. Electronic payments are quick and efficient, and the fund transfer occurs instantly. Electronic payments are quickly gaining popularity in the Philippines, giving students a secure and practical means to pay for enrolment fees and other educational costs as schools adopt alternative learning techniques. The purpose of this research is to determine the status of electronic payment in the selected Private Higher Education Institutions (PHEIs) in the second district of Albay and propose a systematic model that HEIs can adopt to lessen the costs and risks of handling cash transactions. The study used a mixed method, the qualitative and quantitative research design, to analyze and hence boost the validity of the data. According to the data presented, the GCASH application is one of the most used applications when paying online. It is more accessible and less hassle to use. Furthermore, using the Kendall Coefficient of Concordance, the perception of the selected private HEIs has shown a significant correlation to each other, resulting in a rare use based on the data analysis. The selected private institutions currently take electronic payments. Still, they have not yet thought about giving students and parents the most control over those payments online, and schools are still adapting electronic payment systems.

Intention to Use E-Payments from the Perspective of the Unified Theory of Acceptance and Use of Technology (UTAUT): Evidence from Yemen

This study explores the challenges facing the current e-payment systems and investigates the main factors that support using the e-payment system. This study used a cross-sectional approach. An online survey was conducted on Yemeni consumers as part of the collection of data. The data from 486 questionnaires were analyzed using smartPLS4 and Jamovi software for structural model analysis and statistical analysis. According to the PLS-SEM results, the structural model shows that R2 is 0.757, which explains the variances in behavioral intention via all the constructs. Statistically, the intention to use e-payment systems is significantly and positively influenced by performance and effort expectancies and social influence. In contrast, facilitation conditions are significantly and negatively correlated with behavioral intention. This is attributed to consumers’ view of the infrastructure of Internet services, which does not contribute to the behavioral intention and acceptance of using electronic payment in Yemen. Contrary to expectations, age does not moderate the relationship between performance expectancy, social influence, and intention to use e-payment systems; hence, the related hypothesis was not supported. This study provides valuable suggestions for policymakers, designers, developers, and researchers, enabling them to better understand the critical aspects of using the electronic payment system. This study developed a model for predicting the likelihood of acceptance of electronic payments in a country that has not given adequate attention to this issue. An application and evaluation of the UTAUT model in Yemen are presented in this study.

Perception of e-wallets as the mode of payment for online enrollment in Marinduque State College

The advancement of finance and technology in what is commonly referred to as Fintech has introduced an opportunity for many business models in the new normal which provides ease of conducting money-related transactions amongst consumers, retailers, suppliers, and society as a whole. One of the most commonly used FinTech is the electronic wallets (e-wallets); a cashless electronic payment system. E-wallets provide the user the services and access to accomplish financial transactions and digital payments quickly that only require the application of smartphones and Internet connectivity. However, there are many perceptions about the application of e-wallets, particularly in e-money-related transactions such as in school enrolment, and would still prefer the use of money in physical form. Therefore, this paper aims to analyze the perceptions among the students from Marinduque State College that contributes to the use of e-wallet as the mode of payment for school enrolment and transactions through the Technology Acceptance Model (TAM) using Perceived Ease of Use (PEU), Perceived Usefulness (PU) Perceived Convenience (PC), Willingness (W) and Behavioral Intention (BI) as the main variables. To reach the objective, a sample size of at least 267 respondents was identified. The questionnaires were sent to 600 students to accommodate possible non-response which are students from the Institute of Information Systems and Technology (IIST) Marinduque State College, and a quantitative approach was applied to examine and test the hypothesis. The study finding shows that Perceived Usefulness (PU) and Willingness (W) have a positive significant effect on the Behavioral Intention (BI) to use an e-wallet as the mode of payment. In contrast, Perceived Convenience (PC) and Perceived Ease of Use (PEU) have no positive significant effect on the Behavioral Intention (BI) to use an e-wallet.

Effect of the Covid-19 Pandemic on Electronic Payment Systems in Turkey

In 2019, the COVID-19 pandemic started in China, and the number of people infected with the disease worldwide, including those in our country, increased significantly between 2019 and 2021; in this context, many economic and social problems were encountered that the whole world was not prepared for it. In 2022, social and economic issues will continue because of the fact that the disease continues and the world as a whole is unprepared for the disease. The pandemic has brought new rules, such as wearing masks, social distancing, hygiene, etc., because of the disease’s rapid transmission capacity. Governments have taken many measures, including curfews, and tried to prevent the spread of the epidemic during the pandemic period. With the pandemic, people’s payment methods to buy their needs necessary to continue their lives have been the subject of our study. New payment technology was created in shopping points because people cannot go out on the streets and do not want to touch payment devices. This study mentions the developments and changes in payment technologies during the pandemic, our usage habits, and our adaptations to new technologies. When it comes to 2022, along with the pandemic period, it is seen that the habits gained in payment technologies continue.

Scoping the Potential for a Digital Led Recovery from COVID-19 in Africa

In this paper, we analyse the implications of the COVID-19 pandemic for Africa's trade in digitizable products, digitally deliverable services (DDSs), and e-commerce, and we outline the challenges of a digitally led recovery from the pandemic for African countries. The analysis is based on macro- and micro-level data and a review of extant literature. We find that almost 60% of the global exports of digital products in 2020 originated from the EU, with another 16% from North America. Africa's share in global exports of digital products, by contrast, was less than 1%. In the case of intra-Africa trade, exports of digital products are concentrated in just a few countries. Online supply in services is found to be more resilient to negative shocks from the pandemic compared to other modes of supply. We also find that e-commerce has important potential for economic recovery, but that its impact in Africa is constrained by high internet costs, weaknesses in postal services and capacities, cross-border trade costs, and lags in electronic infrastructure and digital payment systems. Based on the results of the study, we propose policies at the national, regional, and international levels to leverage digital trade for post-COVID recovery in Africa.

FAKTOR-FAKTOR YANG MEMENGARUHI PENGGUNAAN PEMBAYARAN ELEKTRONIK NON-BANK

Transformation of payment systems triggered by advances in information technology and development of electronic gadgets have provided easier ways to conduct payments, starting from sales transaction to bill settlements. This research aims to seek what factors determine the choice to use non-bank electronic payment system and its impact on personal accountability and financial planning. User opinion on factors that comes into consideration in selecting non-bank electronic payment system is gathered through questions based on the criteria set by Theory of Planned Behavior. From 316 questionaires submitted by GoogleForm, it can be concluded that the three main factors that are considered in using non-bank electronic payment system are ease of payment process, transaction speed, and personal data security. Accuracy and accountability reflected from the availability of transaction history within the payment application only ranked fifth in the factors that influence the decision to select and use non-bank electronic payment system.

International Experience in the Development of Electronic Commerce and Its Application in the Republic of Belarus

The article considers e-commerce as a new segment of world trade, its current state and place in the global economy. It has been revealed that facilitating the acceleration of information exchange and the growth of world trade, e-commerce is one of the main global trends in economic development. Economic effect from the use of e-commerce technologies has a positive growth, and this sphere of activity has already become an integral part of society. The article identifies the competitive advantages of e-commerce as well as the opportunities and challenges of development in the Republic of Belarus. The main ways of e-commerce development in the Republic of Belarus have been identified, based on the analysis of international e-commerce practices. In particular, the following measures are proposed: liberalization of doing business in the Internet environment; development of commercial courier services; creation of specialized centers; promotion of electronic payment systems and Internet banking; stimulation of development of online business applications.

Faktor-Faktor Yang Mempengaruhi Minat Menggunakan E- Money Flazz BCA di Kabupaten Tangerang

ABSTRACTTechnological support for innovation brings changes in people's needs for a payment instrument that can meet speed, accuracy, and security in every electronic transaction. The electronic payment system or payment with electronic money (e-money) is influenced by advances in technological developments and changes in people's lifestyles. This study aims to determine the trust, social influence, and perceived benefits of the interest in using BCA E-Money Flazz in Tangerang City. Methods of data collection using questionnaires. The data of this research are primary, the determination of the sample uses a purposive sampling technique, and the respondents are consumers of e-money Flazz BCA in Tangerang City. The analytical tools in this study consist of; validity test, reliability test, classical assumption tests, multiple linear regression, t test, F test, and determination test. Processing the results of the questionnaire in this study using SPSS (Statistical Product and Service Solutions). The results showed that trust, social influence, and perceived benefits influenced the interest in using partially and simultaneously on the interest in using e-money.Keywords: Trust, Social Influence, Perception of Benefits, Interest in Using.

Development of an electronic payment system using the Internet of things

<span lang="EN-US">Smartphone has become more widely used than ever and become necessary to develop electronic payment systems using the internet of things (IoT) techniques with the smartphone. Payment solution is one of the most important issues in the IoT. It is the future to make life easier and better through the new relationships will be commercial, requiring payment for services and products. This paper develops a prototype of a payment system consisting of a network from several interconnecting devices such as radio frequency identification (RFID) reader, RFID card tag, equipped with microprocessors NodeMCU, and corresponding software represented by an interactive website for making process of purchase, a database (MySQL) for store data of payments. Focusing on the side of protecting the payment system, a security model for a simplistic payment system based on the IoT is represented by using biometric authentication in the sensor of smartphones like fingerprint authentication and face detection to make sure the identification of the user before making the payment process in the system.</span>

The Implementation and Adoption of Electronic Payment System by Hospitals in Nigeria: A Case Study of Good Shepherd Clinic

Information Communication Technology play a major role in the implementation and adoption of electronic payment systems in Nigeria. The rapid growth of the internet has facilitated the exponential growth in the electronic payment systems (EPS) as a result business transaction is constantly moving from cash-based to electronic-based hence leading to economic growth in Nigeria. This study examines the implementation and adoption of Electronic Payment System by Hospitals in Nigeria. A case study of Good Shepherd Clinic. A random sampling of 150 patients of the clinic was carried out and the data gathered through structured questionnaire consistent with the Technology Acceptance Model (TAM). Based on the findings, it revealed that most of the clients preferred to use the electronic payment system (EPS) or has intention to use the EPS method. It is also seen that economic growth has a significant positive effect on the implementation of electronic payment system in the hospital. To continuously promote the adoption of EPS in Nigeria, it is necessary to address the barriers identified and encourage clients to use the services of the bank where the money is kept for easy usage. Keyword: Cash-based, Electronic Payment System, Information Communication Technology, Questionnaire, Random Sampling, Technology Acceptance Model.

Electronic payment system and financial sustainability of tertiary institutions in Nigeria

PurposeAddressing the challenges of financial sustainability in tertiary institutions through the adoption of technology was the central motivation of this study. Hence, the authors assessed the direct effect of the adoption of electronic payment system (EPS) on financial sustainability and the indirect mediating influence of technological capabilities on this relation.Design/methodology/approachSample of 223 non-academic employees in twelve higher institutions were selected. The authors used primary data through the use of a questionnaire for data collection. Partial least square structural equation model (SmartPLSv3) was used for the analysis of the study.FindingsThe adoption of electronic payment system was shown to have a significantly positive effect on financial sustainability of tertiary institutions. It was also found that technological capabilities affect financial sustainability of tertiary institutions and technological capabilities mediate the relationship between the adoption of electronic payment solution and financial sustainability of tertiary institutions.Practical implicationsThe study advances the need for incorporating technology as a measure in advancing the internal financial management practices of tertiary institutions in developing economies.Originality/valueThe authors developed a model that advances a new perspective to higher education financial sustainability through advocating for technological capabilities development as a channel to ensure liquidity and solvency of higher education, most especially in developing economies.

Revenue Generation Program of Cities: Implementation, Effectiveness, Challenges, and Best Practices

Tax revenue from local sources constitutes a major source of income for local government units. In the ASEAN, revenues suffered a sharp downturn, due to the pandemic. In the Philippines, the slowdown in economic activities increased unemployment and decreased local revenues. This study determined the extent of implementation of revenue generation programs in cities for the fiscal years 2019-2020 as assessed by 312 implementers and 411 stakeholders. It also assessed the effectiveness of the collection strategies employed and investigated the challenges encountered as well as best practices in implementing revenue generation programs. Using descriptive analysis, the results revealed that the implementation of the revenue generation program is to a great extent. Collection strategies employed were found effective. Three groups of challenges emerged; challenges common to treasurers and assessors, for assessors and challenges for treasurers. The best practice recommended is adopting the electronic payment system. Implementation of revenue-generation programs using effective collection strategies results in self-reliant cities.

The Russian market of international money transfers and payment systems in March-April 2022

The defi ning trend in the development of the global economy of the XXI century has become an increase in the intensity of money transfers. Today, international transfers are one of the dynamically developing segments of the fi nancial market, which determines the key trends in cooperation between countries. In about 30 countries of the world in 2014, transfers of citizens abroad (both in developed and developing countries) amounted to more than 10 % of gross domestic product (GDP) or were approaching this threshold. The subject of the author’s scientific interest was the mechanism of international money transfers from Russia abroad in the conditions of sanctions restrictions in 2022. Using the methods of observation and evaluation of expert opinions, the author analyzed the ways of money transfers by Russian banks and electronic payment systems. The material can be useful to fi nanciers, bankers, users who send transfers from and to Russia to relatives, employees, contractors. The author recognizes the need to promptly search for legal ways to implement international transfers for Russian users.