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The Global ETD Search service is a free service for researchers
to find electronic theses and dissertations. This service is
provided by the
Networked Digital Library of Theses and Dissertations.
Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
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Showing 1 to 7 of 7 (0.102 seconds)| 1 |
Užití směnek v praxi / Bills of exchange and promissory notes in practicePrůchová, Vlasta January 2009 (has links)
The graduation thesis deals with bills of exchange/promissory notes with the focus on their present possibilities of use. Thus, the thesis combines the legal point of view with the practical point of view. First part of the thesis provides basic information about bills of exchange/promissory notes and their specific qualities. Furthermore, this part concerns about declarations made on them such as acceptance, aval and endorsement. The second part focuses on economic importance of bills of exchange/promissory notes and reveals different functions bills of exchange/promissory notes can have. At the end there is an overview summing up both parts.
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Právní regulace platebního styku / Legal regulation of paymentsHovorková, Nikola January 2020 (has links)
1 Abstract Legal regulation of payments The thesis deals with the topic of legal regulation of the payment transactions, which is an indispensable part of the economic life of each of us today. The right setting of the operation of the payment system ensures and directly influences the efficiency of economic exchange, whether at the national or international level, in cash or non-cash forms. Not only because of the importance of economic exchange, the thesis pays the main attention to the regulation of funds, i.e. of banknotes and coins, scriptural money as well as electronic money. The thesis aims to introduce the legal regulation of funds and the related use of modern electronic payment instruments, such as payment cards, internet banking, mobile banking and electronic wallets. In order to achieve the defined objective, the thesis discusses the amendment to Act No. 370/2017 Coll., On Payments, and the PSD2 Directive in the context of other legal regulations and financial market rules. The thesis is divided into four chapters that present the issues in question and whose subsequent outputs are summarized in the conclusion. The first chapter acquaints the reader with the definition of the payments, its historical development in the Czech Republic and its typology according to the basic distinguishing...
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Inovações na intermediação financeira: determinantes dos instrumentos de pagamentos móveis / Innovations in financial intermediation: determinants of mobile payment instrumentsKawamoto, Carlos Tadao 19 March 2019 (has links)
Um fato relacionado ao uso de telefones celulares para realizar transferência de recursos e pagamento de obrigações é o seu crescimento acelerado ao redor do mundo, com potencial econômico inquestionável. Projeções otimistas sugerem a substituição de instrumentos de pagamentos tradicionais como os cheques de papel e os cartões de plástico pelos instrumentos de pagamentos móveis. A despeito da relevância das organizações e setores envolvidos, poucos trabalhos teóricos e empíricos focaram no tema, especialmente para o Brasil, onde a referida inovação ainda não atingiu patamar de penetração equivalente a de outros países. Com esse baixo desempenho como cenário, quais os fatores internos às organizações ou ambientais seriam mais importantes ao desenvolvimento dessas inovações? Objetivando responder essa pergunta, este trabalho realizou um estudo de caso com três iniciativas de inovação em instrumentos de pagamentos móveis tipificadas como de sucesso em seus países, i.e., Alipay da China, M-Pesa do Quênia e Nubank do Brasil. Com base em determinantes potenciais selecionados na literatura, as informações e dados das empresas e de seus ambientes foram capturados, selecionados e analisados. De maneira complementar, realizou-se a triangulação das informações dos casos com os resultados de um questionário enviado a 43 especialistas de organizações privadas e públicas, com dados analisados pelo modelo de equações estruturais. Os resultados obtidos sugerem que, embebidos em um ambiente regulatório não restritivo, três fatores se associaram ao desenvolvimento de instrumentos de pagamentos móveis, todos relacionados a qualidades dos recursos e da gestão das organizações. O primeiro é o de que organizações com características orgânicas, com comunicação aberta e poder descentralizado, em oposição a organizações de estrutura mecanicista, fechadas e burocráticas, estão associadas ao desenvolvimento da oferta de instrumentos de pagamentos móveis. O segundo fator está integrado à oferta de serviços múltiplos e complementares em um mesmo sistema e sugere a disponibilidade conjunta tanto de serviços de pagamentos móveis como os típicos de mobile banking. O terceiro sugere a adoção de rede antecedente como estratégia para entrada e obtenção de massa crítica mínima, em alternativa ao crescimento vegetativo adotado por algumas fintechs. Como contribuição, apesar de os fatores selecionados não serem inéditos e já terem sido discutidos na literatura, eles usualmente são avaliados de maneira individualizada. Nesse sentido, este estudo sugere que os fatores em conjunto e seus inter-relacionamentos se mostraram como relevantes e devem guiar pesquisas futuras. Para pesquisadores e analistas, os fatores selecionados podem servir como guias em avaliações sobre o setor. Para executivos e gestores, os resultados geraram subsídios para suas tomadas de decisões. / One fact related to the use of mobile phones to carry out resource transfer and payment is its accelerated growth around the world, with unquestionable economic potential. Optimistic projections suggest replacing traditional payment instruments such as paper checks and plastic cards with mobile payment instruments. In spite of the relevance of the organizations and sectors involved, few theoretical and empirical studies focused on the theme, especially for Brazil, where the innovation has not yet reached the level of penetration equivalent to that of other countries. With such a low performance scenario, which internal or organizational factors would be most important to the development of these innovations? In order to answer this question, this paper carried out a case study with three innovation initiatives in mobile payment instruments typified as successful in their countries, i.e. Alipay of China, M-Pesa of Kenya and Nubank of Brazil. Based on potential determinants selected in the literature, the information and data of companies and their environments were captured, selected and analyzed. In a complementary way, the triangulation of the information of the cases was carried out with the results of a questionnaire sent to 43 specialists from private and public organizations, with data analyzed by the structural equations model. The results suggest that, embedded in a non-restrictive regulatory environment, three factors were associated with the development of mobile payment instruments, all related to the qualities of resources and the management of organizations. The first is that organizations with organic characteristics, with open communication and decentralized, as opposed to mechanistic, closed and bureaucratic organizations, are associated with the development of mobile payment instruments\' supply. The second factor is integrated with the supply of multiple and complementary services in the same system and suggests the joint availability of both mobile payment and mobile banking services. The third one suggests the adoption of antecedent network as a strategy for entry and obtaining minimum critical mass, as an alternative to the vegetative growth adopted by some fintechs. As a contribution, although the selected factors are not unpublished and have already been discussed in the literature, they are usually evaluated in an individualized way. In this sense, this study suggests that the factors together and their interrelationships have proved to be relevant and should guide future research. For researchers and analysts, the selected factors can serve as guides in industry assessments. For executives and managers, the results generated support for their decisions.
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European payment instrumentsPietrowiak, Annett 15 August 2014 (has links) (PDF)
This thesis sheds light on the functioning and characteristics of payment systems to serve as a foundation for understanding the drivers for higher payment system efficiency. Its central goal is to develop insights into the determinants of collective payment choice suitable to lower payment costs to society. So far, the institutional environment, as potential important influence on the payment instrument mix, has not been focused on in the literature. Therefore, particular emphasis is laid on the empirical analysis of the impact of institutional factors on the share of card payments on consumer spending at the point of sale (POS). For this, a unique panel data set is constructed covering the eight most important European payment markets ranked by non-cash transaction volumes. The empirical results allow formulating conditions necessary to achieve a more efficient payment mix. They also form a basis for the assessment of related policy measures with a focus on the SEPA project in terms of their efficiency enhancing effect. Future research could possibly build upon the panel data collected.
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European payment instruments: Institutional determinants of an efficient POS payment mixPietrowiak, Annett 14 April 2014 (has links)
This thesis sheds light on the functioning and characteristics of payment systems to serve as a foundation for understanding the drivers for higher payment system efficiency. Its central goal is to develop insights into the determinants of collective payment choice suitable to lower payment costs to society. So far, the institutional environment, as potential important influence on the payment instrument mix, has not been focused on in the literature. Therefore, particular emphasis is laid on the empirical analysis of the impact of institutional factors on the share of card payments on consumer spending at the point of sale (POS). For this, a unique panel data set is constructed covering the eight most important European payment markets ranked by non-cash transaction volumes. The empirical results allow formulating conditions necessary to achieve a more efficient payment mix. They also form a basis for the assessment of related policy measures with a focus on the SEPA project in terms of their efficiency enhancing effect. Future research could possibly build upon the panel data collected.:1 Introduction
1.1 Payment behaviour in selected European countries
1.2 Research question and approach
2 Foundations: Payment systems and markets
2.1 Functioning of payment systems
2.1.1 Payments, market participants and payment system
2.1.2 Payment instruments and methods
2.1.3 Clearing and settlement arrangements
2.1.4 First observations on obstacles to payment systems development
2.2 Network character of payment markets
2.2.1 Theories of networks
2.2.2 Demand-side network effects in payment markets
2.2.3 Two-sided markets and payment cards
2.2.4 Supply-side economies of scale and open access to infrastructure
2.2.5 Obstacles to payment system development
3 Efficiency of payment systems
3.1 Research on payment infrastructure costs
3.1.1 Efficiency of interbank retail payment systems
3.1.2 Efficiency of intrabank payment processing
3.1.3 Factors influencing infrastructure efficiency
3.2 Research on payment instrument costs at the POS
3.2.1 Methodology and classification of the literature
3.2.2 Estimates of payment costs at the POS
3.2.3 Indicative efficiency ranking of payment instruments
4 Research on payment instrument choice at the POS
4.1 Data sources and categorisation of payment choice determinants
4.2 Price characteristics of payment instruments
4.3 Non-price characteristics of payment instruments
4.4 Transaction attributes
4.5 Constraints on payment choice
4.6 Developing an institutional view of payment choice
5 Empirical analysis: Institutional determinants shaping the POS payment mix
5.1 Two-step modelling approach
5.2 Panel construction and exploration of key data series
5.2.1 Panel data collection and overview of variables
5.2.2 Card usage and cash holding
5.2.3 Payment card diffusion and POS terminal density
5.3 European card schemes and markets
5.3.1 Institutional data collection
5.3.2 Description of European card markets
5.3.3 Overview of institutional data series
5.4 Payment decision
5.4.1 Development of the model and possible extensions
5.4.2 Discussion of the regression results
5.4.3 Diagnostic tests
5.5 Sourcing decision
5.5.1 Diffusion of payment cards
5.5.2 Density of POS terminals
5.5.3 Cash holding and availability at ATMs
5.6 Conclusions: Institutional determinants of payment choice
5.6.1 Linking empirical and theoretical analysis
5.6.2 Route for further research
6 Prospects for an efficient European payment mix
6.1 Objectives for establishing a European payment markets
6.2 SEPA for cards regulatory framework
6.2.1 Regulatory ecosystem
6.2.2 Regulatory framework set by European authorities
6.2.3 Standardization industry initiatives
6.3 Remaining obstacles for an efficient payment mix and outlook
Appendix
6.3.1 A–1: Credit- and debit-based payment mechanism
6.3.2 A–2: Multilateral settlement: Access, settlement assets and methods
6.3.3 A–3: Statistical properties of variables
6.3.4 A-4: Unit root tests
References
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Legal and regulatory aspects of mobile financial servicesPerlman, Leon Joseph 11 1900 (has links)
The thesis deals with the emergence of bank and non-bank entities that provide a range of unique
transaction-based payment services broadly called Mobile Financial Services (MFS) to unbanked,
underserved and underbanked persons via mobile phones.
Models of MFS from Mobile Network Operators (MNOs), banks, combinations of MNOs and banks, and
independent Mobile Financial Services Providers are covered. Provision by non-banks of ‘bank-type’
services via mobile phones has been termed ‘transformational banking’ versus the ‘additive banking’
services from banks. All involve the concept of ‘branchless banking’ whereby ‘cash-in/cash out’ services
are provided through ‘agents.’
Funds for MFS payments may available through a Stored Value Product (SVP), particularly through a
Stored Value Account SVP variant offered by MNOs where value is stored as a redeemable fiat- or mobile
‘airtime’-based Store of Value.
The competitive, legal, technical and regulatory nature of non-bank versus bank MFS models is discussed,
in particular the impact of banking, payments, money laundering, telecommunications, e-commerce and
consumer protection laws. Whether funding mechanisms for SVPs may amount to deposit-taking such that
entities could be engaged in the ‘business of banking’ is discussed. The continued use of ‘deposit’ as the
traditional trigger for the ‘business of banking’ is investigated, alongside whether transaction and paymentcentric
MFS rises to the ‘business of banking.’
An extensive evaluation of ‘money’ based on the Orthodox and Claim School economic theories is
undertaken in relation to SVPs used in MFS, their legal associations and import, and whether they may be
deemed ‘money’ in law.
Consumer protection for MFS and payments generally through current statute, contract, and payment law
and common law condictiones are found to be wanting. Possible regulatory arbitrage in relation to MFS in
South African law is discussed.
The legal and regulatory regimes in the European Union, Kenya and the United States of America are
compared with South Africa. The need for a coordinated payments-specific law that has consumer
protections, enables proportional risk-based licensing of new non-bank providers of MFS, and allows for a
regulator for retail payments is recommended. The use of trust companies and trust accounts is
recommended for protection of user funds.
| vi / Public, Constitutional and International Law / LLD
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Legal and regulatory aspects of mobile financial servicesPerlman, Leon Joseph 11 1900 (has links)
The thesis deals with the emergence of bank and non-bank entities that provide a range of unique
transaction-based payment services broadly called Mobile Financial Services (MFS) to unbanked,
underserved and underbanked persons via mobile phones.
Models of MFS from Mobile Network Operators (MNOs), banks, combinations of MNOs and banks, and
independent Mobile Financial Services Providers are covered. Provision by non-banks of ‘bank-type’
services via mobile phones has been termed ‘transformational banking’ versus the ‘additive banking’
services from banks. All involve the concept of ‘branchless banking’ whereby ‘cash-in/cash out’ services
are provided through ‘agents.’
Funds for MFS payments may available through a Stored Value Product (SVP), particularly through a
Stored Value Account SVP variant offered by MNOs where value is stored as a redeemable fiat- or mobile
‘airtime’-based Store of Value.
The competitive, legal, technical and regulatory nature of non-bank versus bank MFS models is discussed,
in particular the impact of banking, payments, money laundering, telecommunications, e-commerce and
consumer protection laws. Whether funding mechanisms for SVPs may amount to deposit-taking such that
entities could be engaged in the ‘business of banking’ is discussed. The continued use of ‘deposit’ as the
traditional trigger for the ‘business of banking’ is investigated, alongside whether transaction and paymentcentric
MFS rises to the ‘business of banking.’
An extensive evaluation of ‘money’ based on the Orthodox and Claim School economic theories is
undertaken in relation to SVPs used in MFS, their legal associations and import, and whether they may be
deemed ‘money’ in law.
Consumer protection for MFS and payments generally through current statute, contract, and payment law
and common law condictiones are found to be wanting. Possible regulatory arbitrage in relation to MFS in
South African law is discussed.
The legal and regulatory regimes in the European Union, Kenya and the United States of America are
compared with South Africa. The need for a coordinated payments-specific law that has consumer
protections, enables proportional risk-based licensing of new non-bank providers of MFS, and allows for a
regulator for retail payments is recommended. The use of trust companies and trust accounts is
recommended for protection of user funds.
| vi / Public, Constitutional and International Law / LL. D.
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