Non-cash Transactions Research Articles

ANALISIS FAKTOR PENDUKUNG IMPLEMENTASI TRANSAKSI NON TUNAI DENGAN PENDEKATAN ANALYTICAL HIERARCHY PROCESS (AHP)

Non-cash transactions in Indonesia are still low, one of which is triggered by the low involvement of small and medium enterprises (SMEs) retail in Indonesia who have not implemented non-cash transactions in their business environment. This study aims to analyze factors supporting the implementation of non-cash transactions in retail SMEs. The method used in this research is by Analytical Hierarchy Process (AHP) approach. The results of the study found that non-cash transactions implementation can be improved by maximizing potential carrying capacity: (1) Speed, (2) Security, (3) Efficiency / Practice, (4) Value of money, and (5) Government program. The main supporting factor that gets the highest priority is efficiency or practicality of 23%. Key word :Non-Cash Transactions, AHP, SMEs

DETERMINAN TRANSAKSI NONTUNAI DI INDONESIA DENGAN PENDEKATAN ERROR CORRECTION MECHANISM (ECM) MODEL

Consumption is an activity that must be done by everyone. In order to consume something, a transaction is needed to get the goods or services desired. One kind of transaction that is used by many people nowadays is non-cash transaction. Since Bank Indonesia established Gerakan Nasional Non Tunai (GNNT) in August 2014, the value of non-cash transactions exceeds the value of cash transactions. It happenned because people prefer non-cash to cash transaction which is easier, safer, more practical, and more economical. Besides, an increase in non-cash transactions can also be influenced by other factors. Therefore, a study is conducted to analyze the determinants of non-cash transactions from the macro side by using Error Correction Mechanism (ECM). The data used in this study are secondary data from Bank Indonesia and Badan Pusat Statistik with monthly period from January 2010 until December 2017. The results showed that in the long run, private savings and BI rate have positive effect on non-cash transactions. In the short run, private savings and money supply have positive effect on non-cash transactions. While inflation does not affect non-cash transactions, both in the short and long run.

Sustainability of Small Merchants Through Digital Technologies

In the last two years, there has been an attempt to move towards a cashless society and create a Digital India. The Government of India is encouraging use of a variety of payment systems post demonetization in November 2016. The focus of this paper was to understand the use of point-of-sale (POS) systems installed by merchants and service providers for receiving payments from customers for transactions involving sale of goods and services to the public. The primary focus of the paper was to understand the adaptability, affordability, and sustainability of the payments system as seen from the point of view of small merchants. The paper is based on a study conducted in 2017, aimed at understanding the different types of payment systems that are available to the small merchants. It also looked at the difficulties faced by them and their effect on their businesses. A total of 221 responses were collected in Chennai, capital city of Tamil Nadu in South India. The results showed that cash remained the most preferred mode for business. Cash was required for working capital, payment of employee remuneration, wages, and others. With regards to the use of payment systems like POS, more awareness needs to be created about the benefits in having non-cash transactions. It seemed that the merchants would be convinced if it could improve credit worthiness and eligibility to receive loans from banks.

FACTORS AFFECTING ELECTRONIC MONEY (E-MONEY) SALES CASE STUDY IN BANKING ENTITIES IN INDONESIA

Electronic money instruments with non-cash transactions continue to increase positively from year to year. This is also due to the launch of the national non-cash or cashless movement which has been widely applied, especially in Indonesia. This study aims to find out what factors influence e-money sales, especially in banking entities in Indonesia. This study uses multiple linear regression analysis method using SPSS 22, which aims to examine the relationship or effect of the dependent variable with the independent variable. The results of the study have found that in the partial sale of electronic money is only influenced by e-money marketing channels / partnerships. While ease of transaction, ease of top up, and type of design do not have an impact on e-money sales. Meanwhile, simultaneously, these factors have an impact on E-Money sales.

ANALISIS PENERAPAN SISTEM TRANSAKSI NON TUNAI DALAM PENGELOLAAN KEUANGAN DAERAH PADA DINAS LINGKUNGAN HIDUP KOTA BITUNG

In an effort to improve an efficient regional financial management system, the government issued the Minister of Home Affairs Circular No. 910/1866 / SJ concerning the Implementation of Non-Cash Transactions on April 17, 2017, which is in accordance with the Provisions of Article 283 paragraph (2) of Act Number 23 of 2014 and in accordance with Presidential Instruction Number 10 of 2016 concerning Prevention and Eradication of Corruption. Non-cash transactions are transactions that do not make payments in cash but by way of transfer or transfer between accounts from one party to another. The purpose of this study is to determine the readiness of the process of implementing a non-cash transaction system in the management of regional finances in the Bitung City Environment Agency and to find out what obstacles occur in the process of implementing non-cash transactions in regional financial management in the Bitung City Environmental Service. The research method used is qualitative descriptive. The results of the research, namely the Environmental Office of the city of Bitung has implemented a system of non-cash transactions in stages in the APBD based on Circular of the Minister of Home Affairs No. 910/1866 / SJ. The constraints faced are the administrative process sometimes hampered, the socialization process, its application to the receipt of levies with a small nominal value.Keywords: Analysis, Implementation of Non-Cash Transaction System, Regional Financial Management

Peningkatan Minat Penggunaan Kartu Kredit Syariah Melalui Pendekatan Kepercayaan, Sikap, dan Pendapatan

Sharia credits card has become a lifestyle of modern economy society in non-cash transactions. The use of sharia credit cards always raising period to period with various factors. These factors include trust, attitude, and income. The purpose of this study wants to determine the effects of trust, attitude, and income on interested in using sharia credit card. The study uses primary data from interviews with 38 lecturers of FEBI IAIN Surakarta which selected by boring sampling technique. The data had been analyzed by multiple linear regression. The result shows that each is of trust, attitude, and income affect positively and significantly to interested in using sharia credit card. The research gives a contribution to (a) academician; as an evidence of theory, (b) Sharia Bank; information to analyze the factors that affect to interested in using sharia credits.

The Digitization Wave in India: A SWOC Analysis with Special Reference to the Demonetization and a Leap towards Cashless Economy

The recent demonetisation has pushed up the volume of digital payments and efforts to a cashless economy. According to the World Payment Report 2017, the Government of India has set a target to achieve 25 billion non-cash transactions by 2017-18 commencing a roadmap towards a full-fledged digital economy. Nevertheless, the situation of India with this regard is critical as there are numerous setbacks ranging from socio-economic to geo-political dimensions that has and will have an effect on the digital transition. The changing market scenario and the technological advancements of smartphones and internet have opened up a Pandora’s Box. This served as other drivers to the development of digital banking, e-wallets, e-commerce, green banking, mobile banking and so forth. This paper is focused on understanding the prospects and challenges of cashless economy in India. As a corollary to this the paper also tries to identify various loopholes in the system which might hinder the growth of digitisation process in the country. The analysis suggests how digital illiteracy, digital divide, lack of infrastructure, cyber security and so forth affects the transition of a cashless society in a developing country like India. The challenges are immense; however a thorough planning and implementation of policies to tackle them would smoothen out the transition process and work to the benefit of the nation.

Payment trends and developments in the Western Balkan countries: An interview with Aleksandar Birovljev

The Western Balkan region — comprising Albania and five former Yugoslav republics — represents an emerging market for payments. Current cashless payments volumes are low and there is significant potential for the development of electronic payments. Although the six different economic and administrative areas have different potential for growth, there are many similarities between these markets, as well as a historic interconnection between their economies and business. Once businesses start to grow beyond their national borders, their expansion into neighbouring countries will be facilitated by the similar language and the interconnectivity of these markets. Cash is still king in the Western Balkans. However, the number of non-cash transactions is slowly growing. A major challenge for online payments in the Western Balkan countries relates to the high costs for processing transactions — card assessment fees are up to four times higher than in the EU. Central banks have announced plans to align domestic policies with EU regulations, such as the Interchange Regulation and PDS2, which could lead to market liberalisation and lower transaction costs.

A Review of P2P Financial Research

Since 2007, people's spending habits began to change: from cash to the bank card, from mobile phone to non-cash transactions, from traditional finance to network finance. And the rapid rise of emerging industries results in many of the P2P Financial Corporation established, it makes the P2P platform trading volume continue to rise at an alarming rate. In this context, the industry self-discipline environment is like the mining of good and evil. The atmosphere was foul, bad phenomenon, investors difficult activist phenomenon, the phenomenon of credit default as one falls, another rises to a series of problems, such as serious absence of P2P financial supervision to promote the healthy and sustainable development, is a major problem for all participants, which must to be solved.Firstly, P2P development of management mode in the current situation in our country is discussed, and then it analyzes the P2P network of financial management platform , finally it proposes the existing problems in the relative countermeasures and suggestions of effective P2P financing mode, hoping to promote its advantages, overcoming the disadvantages of P2P.Â

Płatności bezgotówkowe w jednostkach administracji publicznej

Non-cash trade is an important indicator of the level of economic development in a country. Non-cash payments in the last years have gained significant social acceptance, and at the same time are developing intensively. Among the benefits of non-cash transactions for the economy and public administration and citizens, we can distinguish: greater convenience of citizens, more friendly citizen service, lower costs and time savings, transaction and citizen security, crime reduction, higher revenues to the state budget and local budgets, positive impact of the development of local investments, improvement of the office’s work, positive impact on the perception of the office by citizens. Among the types of non-cash payments, we distinguish direct payments (eg at the office) and remote payments (eg electronic transfer, payment by card, payment by mobile application). Ministry of Development in cooperation with Krajowa Izba Rozliczeniowa S.A. (KIR) since 2017, has been carrying out work within the framework of the Program for the promotion of non-cash payments in public administration units. The program applies to voivodship offices, marshal offices, city and commune offices, poviat starosts and the Police. As part of the Program, a model for acceptance of non-cash payments has been prepared using POS terminals and using WebPOS Paybynet in public administration units, which is free both for the office and payers. By the end of the first quarter of 2018, over 1.4 thousand offices had joined the “Program” – more than 50 percent all offices in Poland. Contracts for the installation of POS terminals or WebPOS Paybynet were concluded with 1165 offices.

Tradycyjne i nowoczesne formy budowania sieci bankowej w Polsce

The article analyses trends and the level of traditional and modern methods of building a banking network in Poland. The development of technologies, modern access channels to banking services, as well as the promotion of non-cash transactions in Poland favours the development of not only the infrastructure of a banking system focused on reducing operating costs, but also financial innovations (FinTech). Banks both in Poland and globally are waiting for a change in banking market strategy, especially as regards sales of banking services. The changing preferences of bank customers have been brought about by adaptation processes that have a significant impact on the organisation of the banking network. In the near future, the number of bank branches and ATMs will be limited, mainly due to the response to market demand (consumers) as well as the falling costs of banking. The development of the payment card market and modern forms of payment allows banks to diversify the distribution channels of banking services. Changing regulations (including the PSDII directive) also creates broad possibilities for the development of financial innovations offered by the FinTech market. That market will go a long way to expanding the banking network in Poland in the near future.

Penerapan Transaksi Non Tunai dalam Praktek Notaris Terhadap Akad Mudharabah di Perbankan Syariah

Abstract Non-cash transactions in Mudharabah contract is one of several types of contract in Islamic banking. Mudaraba is a contract based on revenue sharing, in which Islamic banks bear the full needs of venture capital / investment. This study focused on the problem of how the application of non-cash transactions in mudharabah in Islamic banking and whether the scheme of non-cash transactions in Islamic banking mudharabah in accordance with Shari'a principles truth. This study is a juridical-empirical research using primary data, secondary and tertiary. The results showed the first application of non-cash transactions in Islamic banking in Indonesia, many of which deviated from the terms of the principle, tend to be mere labeling (labeling). Due Both mudaraba product does not comply with the principle of mudaraba beginning itself so judged only in the form of labeling (labeling) only from the bank and the necessity to not give a guarantee that is incompatible with God's word QS. Al-Baqarah (2) paragraph 282-283. Keywords: Islamic banking, mudaraba, deed, security (collateral)

PEMBAYARAN NON TUNAI: PERSEPSI CIVITAS AKADEMIKA FITK UIN MAULANA MALIK IBRAHIM MALANG

<p>Non-cash payment has been promoted by Bank Indonesia since 2006 but, until now many people are still reluctant to use such facilities. This research uses descriptive quantitative research which aims to know the perception of the academic community of the Fakultas Tarbiyah dan Keguruan (FITK) UIN Maulana Malik Ibrahim Malang on usability, convenience, security and risks of non-cash transaction. The results showed that the respondents had a good perception on usability, convenience, security and risks of non-cash transactions. This research also finds that the student group is still using a single type of instrument ie. ATM transaction, while the lecturer-employees group is already using the ATM, SMS banking and Internet banking. Bank Indonesia is expected to educate the public continuously, so people have well financial literacy that would boost the success of non-cash transactions movement in Indonesia.</p><p><strong>Keywords</strong>: perception, payment, non cash</p>

Sample Selection Approaches to Estimating House Price Cash Differentials

We extend the literature on house price cash differentials in important ways. First, our paper is the first to employ methods to correct for sample selection bias, using both switching regression and propensity score matching of cash vs. non-cash transactions. We use selection models to produce price counterfactuals for cash and noncash buyers. We also include both average treatment effect and a propensity score weighted selection models. From the selection models, we find that previous studies likely overstate the cash discount. Results from counterfactual tests examining cash discounts suggest amplified cash discounts in areas with close proximity to an environmental hazard; and also a pricing differential based on CBG level income, with purchasers in high income areas more likely to pay a cash premium compared to market participants in areas with comparably lower income, where a cash discount is detected. These results provide useful insights for market participants including real estate appraisers, brokers, and buyers and sellers of real estate.

Recognizing Check Magnetic Code Based on Peak-Valley Code and Distance

The check is a popular form for the non-cash payment and accounts for more than 50% of the non-cash transactions. Magnetic ink character recognition system can recognize the check magnetic code automatically and get the information of the bank and account. In magnetic ink character recognition system, the recognizing algorithm is mostly based on correlation coefficient. The computational cost of this algorithm is very high. This paper has proposed a new algorithm based on the peak-valley code and peak-valley distance after analyzing the characteristics of magnetic code signals in E-13B standards to simplify the calculations and system design. Firstly, the magnetic code signal is normalized and separated into magnetic character signals by the thresholds of peak and valley. Secondly, the features of the peak-valley code and peak-valley distance of each magnetic character signal are extracted, then the recognition based on peak-valley code and the nearest neighbor recognition algorithm based on peak-valley distance are utilized to recognize the magnetic code. The recognition results and statistical parameters from a large number of experiments show that the new method has high recognition rate, good robustness and low computational cost.

What determines the value and volume of noncash transactions? Evidence from a panel of European and North American countries

Using data from a panel of 15 countries over the period 1990–1998, the determinants of the use of non cash payment instruments are analysed. The estimation results highlight the importance of distinguishing between the determinants of the value and volume of noncash transactions. It is found in fact that the volume of these transactions is generally affected by changes in the determinants more strongly than their value, and that variables such as the interest rate have a different impact on the volume and the value of the transactions. The findings also suggest that past habits play a dominant role in the intensity of use of noncash payment instruments.

Transition Economies: How Appropriate is the Size and Scope of Government?

This paper assesses changes in the size and scope of government in 24 transition economies. While these governments have reduced public expenditures in relation to GDP, and public employment as a share of population, some indicators suggest that the size remains high (eg, rising indebtedness, a heavy regulatory burden, arrears, and the prevalence of noncash transactions). At the same time, the scope of government activities – although evolving – has not necessarily become appropriate. This paper provides some recommendations for aligning the scope of government with the increasing market orientation of these economies.

CEO/CFO Certification and Emerging Needs to Separate Facts and Forecasts: Exploring 'Intertemporal Financial Statements' with Two Time-Phases

The Sarbanes-Oxley Act of 2002 created mandatory certification of financial reports by chief executive officers and chief financial officers, possibly exposing them to forecast risks. This is because accounting standards have moved to include more and more while the public expects financial statement figures to be much more solid than they actually are. Presenting forecasts separately from facts seems most important now and also to qualify them for the SEC's Safe Harbor protection. Intertemporal financial are explored here. Their amounts are presented in three columns, facts, forecasts, and total, where the total column is exactly the same as those in conventional statements. All completed transactions and all cash transactions appear in the fact column and all non-cash transactions awaiting terminating transactions appear in the forecast column. Each column is like pre-consolidation statements for a subsidiary and balances on its own in all statements. Investors and regulators will welcome this added breakdown of conventional numbers since hard and soft numbers are clearly separated for a better assessment of corporate financial positions and performances. We also present a principal-agent setting in which it is optimal to remove contractual pressure from forecasts when the environment is unknown or subject to rapid change.

Trust versus illusion: What is driving demonetization in the former Soviet Union?

The virtual economy argument for Russia suggests that barter allows the parties to pretend that the manufacturing sector is producing value added by enabling this sector to sell its output at a higher price than its market value. We confront this prediction with the actual pricing behaviour of industrial sectors in Ukraine in 1997. Based on the pricing data of 165 barter deals we find no systematic difference in the pricing behaviour in non‐cash transactions across sectors. What appears to matter for the pricing behaviour is whether the firm is on the selling or buying end of the barter transaction. We offer a model that sees this pricing behaviour as a mechanism to deal with the absence of trust and liquidity in the economy.JEL classification: D20, G30, O10, P30.

Price dynamics when there are alternatives to cash payment

Empirical evidence from the 1980s and 1990s indicates that cash use in the U.S. remains high even though there has been a proliferation of alternatives to cash. This paper examines the dynamics of inflation and asset prices in response to innovations in the efficiency of processing noncash transactions. The quantitative results suggest that inflation is more sensitive than nominal interest rates or real equity prices to innovations in the efficiency of non-cash payments processing. Thus, as alternatives to cash payment become more prominent, the volatility of real interest rates may increase.(JELE31, E41, G12)