Electronic banking : pre-authorised payment systems
The introduction of GIRO in Singapore is effectively a stepping stone to move Singapore into a cashless society. Although GIRO promises many benefits to both the payers and payees, it is still not widely accepted as a payment system. Criticisms of this payment system are few yet significant and h...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/63655 |
| _version_ | 1826128759150870528 |
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| author | Lau, Kian Lee Wong, Liang Pin Wong, Siaw Lie |
| author2 | Liu Ming Hua |
| author_facet | Liu Ming Hua Lau, Kian Lee Wong, Liang Pin Wong, Siaw Lie |
| author_sort | Lau, Kian Lee |
| collection | NTU |
| description | The introduction of GIRO in Singapore is effectively a stepping stone to move
Singapore into a cashless society. Although GIRO promises many benefits to both the
payers and payees, it is still not widely accepted as a payment system. Criticisms of
this payment system are few yet significant and hence the purpose of this study is to
provide a more detailed insight to the problems faced by consumers. Despite
measures taken to improve the features of GIRO, surprisingly, many consumers are
either still unaware of such measures taken or feel that they are inadequate. In order
to achieve a higher level of GIRO use, several new features will be proposed.
The study can be divided into three main sections. The first part gives a
literature review of the various pre-authorised payment systems pertaining to GIRO.
A brief discussion of the legal rights of users of these systems will also be included.
The second part examines the level of utilisation of GIRO in the local context. In
addition, grievances of this payment system discovered through a survey will be
discussed. Finally, solutions to these problems and incentives to promote wider use
of GIRO will be suggested. |
| first_indexed | 2024-10-01T07:29:47Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/63655 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:29:47Z |
| publishDate | 2015 |
| record_format | dspace |
| spelling | ntu-10356/636552023-05-19T05:41:36Z Electronic banking : pre-authorised payment systems Lau, Kian Lee Wong, Liang Pin Wong, Siaw Lie Liu Ming Hua Nanyang Business School DRNTU::Business::Information technology The introduction of GIRO in Singapore is effectively a stepping stone to move Singapore into a cashless society. Although GIRO promises many benefits to both the payers and payees, it is still not widely accepted as a payment system. Criticisms of this payment system are few yet significant and hence the purpose of this study is to provide a more detailed insight to the problems faced by consumers. Despite measures taken to improve the features of GIRO, surprisingly, many consumers are either still unaware of such measures taken or feel that they are inadequate. In order to achieve a higher level of GIRO use, several new features will be proposed. The study can be divided into three main sections. The first part gives a literature review of the various pre-authorised payment systems pertaining to GIRO. A brief discussion of the legal rights of users of these systems will also be included. The second part examines the level of utilisation of GIRO in the local context. In addition, grievances of this payment system discovered through a survey will be discussed. Finally, solutions to these problems and incentives to promote wider use of GIRO will be suggested. BUSINESS 2015-05-18T03:38:36Z 2015-05-18T03:38:36Z 1994 1994 Final Year Project (FYP) http://hdl.handle.net/10356/63655 en Nanyang Technological University 46 p. application/pdf |
| spellingShingle | DRNTU::Business::Information technology Lau, Kian Lee Wong, Liang Pin Wong, Siaw Lie Electronic banking : pre-authorised payment systems |
| title | Electronic banking : pre-authorised payment systems |
| title_full | Electronic banking : pre-authorised payment systems |
| title_fullStr | Electronic banking : pre-authorised payment systems |
| title_full_unstemmed | Electronic banking : pre-authorised payment systems |
| title_short | Electronic banking : pre-authorised payment systems |
| title_sort | electronic banking pre authorised payment systems |
| topic | DRNTU::Business::Information technology |
| url | http://hdl.handle.net/10356/63655 |
| work_keys_str_mv | AT laukianlee electronicbankingpreauthorisedpaymentsystems AT wongliangpin electronicbankingpreauthorisedpaymentsystems AT wongsiawlie electronicbankingpreauthorisedpaymentsystems |