THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS
The article is devoted to basics and the regulation problems of the modern payment cards market. In particular, it addresses the key participants in a payment system, which include the Central Bank, credit organizations, settlement and clearing centers. The paper explores the basic functions of the...
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| Format: | Article |
| Language: | Russian |
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Novosibirsk State University Press
2017-06-01
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| Series: | Mir Èkonomiki i Upravleniâ |
| Subjects: | |
| Online Access: | https://nsu.ru/ef/vestnik_ngu_ef/2017_2_5 |
| _version_ | 1811238376878112768 |
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| author | Khetagurov G. V. |
| author_facet | Khetagurov G. V. |
| author_sort | Khetagurov G. V. |
| collection | DOAJ |
| description | The article is devoted to basics and the regulation problems of the modern payment cards market. In particular, it addresses the key participants in a payment system, which include the Central Bank, credit organizations, settlement and clearing centers. The paper explores the basic functions of the participants. The author analyzes approaches of card payment systems to development and implementation monitoring of standards and regulations relative to the technology: hardware and software, communication channels, etc. The article contains analysis of information exchange in the framework of payment cards market and specific features of the design and development of a payment infrastructure. It discusses the economic model of the payment cards market, which is based on commission payments. The paper describes the key fees. At the final stage of the study, the author examines the role of different global regulators in the payment card market, conducts an analysis of the foundations of the Russian legislation regulating this market. |
| first_indexed | 2024-04-12T12:40:41Z |
| format | Article |
| id | doaj.art-92cf063497734928a9d69564e954a959 |
| institution | Directory Open Access Journal |
| issn | 2542-0429 2542-0429 |
| language | Russian |
| last_indexed | 2024-04-12T12:40:41Z |
| publishDate | 2017-06-01 |
| publisher | Novosibirsk State University Press |
| record_format | Article |
| series | Mir Èkonomiki i Upravleniâ |
| spelling | doaj.art-92cf063497734928a9d69564e954a9592022-12-22T03:32:47ZrusNovosibirsk State University PressMir Èkonomiki i Upravleniâ2542-04292542-04292017-06-0117 (2)485510.25205/2542-0429-2017-17-2-48-55THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDSKhetagurov G. V.0North Caucasian Institute of Mining and Metallurgy (State Technological University)The article is devoted to basics and the regulation problems of the modern payment cards market. In particular, it addresses the key participants in a payment system, which include the Central Bank, credit organizations, settlement and clearing centers. The paper explores the basic functions of the participants. The author analyzes approaches of card payment systems to development and implementation monitoring of standards and regulations relative to the technology: hardware and software, communication channels, etc. The article contains analysis of information exchange in the framework of payment cards market and specific features of the design and development of a payment infrastructure. It discusses the economic model of the payment cards market, which is based on commission payments. The paper describes the key fees. At the final stage of the study, the author examines the role of different global regulators in the payment card market, conducts an analysis of the foundations of the Russian legislation regulating this market.https://nsu.ru/ef/vestnik_ngu_ef/2017_2_5платежная картапластиковая картакарточная платежная системарынок платежных картVisaMasterCardAmerican ExpressJCBDiscover CardЦентральный Банккредитные организациирасчетные центрыклиринговые центрыэмитентэквайерEMVISOBINPCI DSSdebit cardplastic cardcard payment systemthe payment card marketVisaMasterCardAmerican ExpressJCBDiscover CardCentral Bankcredit organizationssettlement centersclearing centersIssueracquirerEMVISOBINPCI DSS |
| spellingShingle | Khetagurov G. V. THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS Mir Èkonomiki i Upravleniâ платежная карта пластиковая карта карточная платежная система рынок платежных карт Visa MasterCard American Express JCB Discover Card Центральный Банк кредитные организации расчетные центры клиринговые центры эмитент эквайер EMV ISO BIN PCI DSS debit card plastic card card payment system the payment card market Visa MasterCard American Express JCB Discover Card Central Bank credit organizations settlement centers clearing centers Issuer acquirer EMV ISO BIN PCI DSS |
| title | THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS |
| title_full | THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS |
| title_fullStr | THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS |
| title_full_unstemmed | THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS |
| title_short | THE BASIS OF THE MARKET REGULATION OF PAYMENT CARDS |
| title_sort | basis of the market regulation of payment cards |
| topic | платежная карта пластиковая карта карточная платежная система рынок платежных карт Visa MasterCard American Express JCB Discover Card Центральный Банк кредитные организации расчетные центры клиринговые центры эмитент эквайер EMV ISO BIN PCI DSS debit card plastic card card payment system the payment card market Visa MasterCard American Express JCB Discover Card Central Bank credit organizations settlement centers clearing centers Issuer acquirer EMV ISO BIN PCI DSS |
| url | https://nsu.ru/ef/vestnik_ngu_ef/2017_2_5 |
| work_keys_str_mv | AT khetagurovgv thebasisofthemarketregulationofpaymentcards AT khetagurovgv basisofthemarketregulationofpaymentcards |