Search results for "payment service"
showing 10 items of 10 documents
New Frontiers in Payment Services: The Payment Initiation Service in the Directive 2015/2366/EU
2022
The chapter will explore issues related to the Payment Initiation Service, currently subject to Directive 2015/2366/EU (Payment Services Directive II, PSD2) and, in Italy, to the Law Decree n. 11 of January 27th, 2010. It plays a relevant part in e-commerce payments establishing a software bridge between the website of the merchant and the online banking platform of the payer's account servicing payment service provider in order to initiate internet payments on the basis of a credit transfer. The transaction involves many actors, including some new entrants into the payment service market, such as third-party providers (TTPs). The chapter will deal with the nature of relations between payme…
Consumer Awareness and the Use of Payment Media: Evidence from Young Finnish Consumers
2008
In the market for payment media, some consumers use only one medium when paying for their point-of-sale transactions, while others use many. This pattern reflects the diffusion of new payment media, because a payment method innovation is typically first used simultaneously with the established methods. We study the use of multiple payment media by employing data on young Finnish consumers. We find that the use of multiple payment media is directly related to consumer awareness and that not controlling for the endogeneity of awareness can bias its effect downwards. These results suggest that increasing consumer awareness may have been underlying the rise of debit card use around the world. I…
Multihoming in the Market for Payment Media: Evidence from Young Finnish Consumers
2004
Tassa tutkimuksessa tarkastellaan sita, miksi jotkut kuluttajista kayttavat vain yhta maksuvalinetta ja toiset kuluttajat monia maksuvalineita maksaessaan paivittaisia ostoksiaan. Kayttamalla aineistoa nuorista suomalaisista kuluttajista loydamme, etta yksi tarkeimmista maksuvalineiden kayttoon vaikuttavista tekijoista on kuluttajien yleinen tietoisuus maksamiseen liittyvista kysymyksista. Instrumenttimuuttujaestimoinnit osoittavat, etta paremmin tietoiset kuluttajat kayttavat 1.2-1.3 kertaa useampaa maksuvalinetta kuin vahemman tietoiset kuluttajat. Koska monia uusia maksuvalineita kaytetaan usein aluksi olemassa olevien maksuvalineiden rinnalla, tuloksemme tukevat nakemysta, etta kuluttaj…
Effects of PSD2 on security architecture of mobile banking : a review of literature
2017
This thesis aims to find out the changes that the Payment Service Directive (PSD2) will bring to the security architecture of mobile banking. PSD2 will create a situation where security mechanisms are separated from the actual banking application. Payment service providers must provide their Application Programming Interface for third party developers to give them access to authentication of payment transactions. PSD2 requires payments service providers to offer strong customer authentication with separate authentication mechanism from the banking application. This thesis found that academic literature about the security architecture of mobile banking does not provide a model where a separa…
Carte di pagamento con funzione contactless, uso non autorizzato e responsabilità dei prestatori di servizi di pagamento
2021
The essay addresses the topic of technological evolution in the payment system, focusing on the figure of contactless payment cards and the issue of unauthorized use by the holder. Having defined the discipline of payment instruments and the liability regime of payment service providers under the PSD2, the contribution examines the decision of the ECJ in the Deniz Bank case. It makes some critical remarks with respect to the methodological approach of the Court, marked by an unjustified interpretative formalism and li le inclined to an exegesis based on the parameter of efficiency, according to the models offered by Economic Analysis of Law.
Mobile Banking and Payment System : A Conceptual Standpoint
2017
This study conceptualizes and proposes a well-regulated and designated mobile banking and payment system (MBPS) with the potential to strengthen the banking system, foster the regulatory framework, and to be integrated across various platforms and mobile devices. Unlike other mobile payment systems that lack convenience, scalability, and usability, the proposed MBPS contains several important functionalities and it has the potential to bring together hitherto unconnected industries—banking, Fintech and telecoms—to offer value-added services to their existing and potential customers. The ownership of the MBPS shall remain with the financial services sector including the banking and microfina…
Naruszenie bezpieczeństwa stosowania elektronicznych instrumentów płatniczych w świetle prawa karnego - zagadnienia wybrane
2018
Elektroniczne instrumenty płatnicze znajdują swój początek w powstaniu handlu elektronicznego. Jednak nieustanne poszerzanie sposobów dostępu do środków zgromadzonych na rachunku powoduje, iż zakres elektronicznych instrumentów płatniczych nieustannie się zmienia. Uniwersalność elektronicznych instrumentów płatniczych oraz szeroki zakres sposobów dostępu do środków pieniężnych wpływają na niespotykaną rozpiętość przestępstw – od blokowania kasetki do wydawania pieniędzy w bankomacie, a kończąc na zaawansowanych technologicznie przestępstwach internetowych. Zagrożenie stanowi także szybkość wymiany oraz dostępność informacji dotyczących sposobów popełniania przestępstw, wykorzystywanie luk t…
IL PAGAMENTO “NECESSARIAMENTE INTERMEDIATO” DELL’OBBLIGAZIONE PECUNIARIA NELLA LEGISLAZIONE DI DERIVAZIONE EUROPEA: VERSO IL SUPERAMENTO DELL’UNICITÀ…
2015
Il lavoro muove dall’idea di analizzare il sistema delle regole che definiscono, sul piano dell’an, del quando e del quomodo, l’esattezza dell’adempimento che può definirsi (necessariamente) intermediato dell’obbligazione pecuniaria: nella vicenda solutoria della quale, cioè, risulti indefettibile, per volontà della legge o per scelta dei privati, l’interposizione di uno o più soggetti, altri rispetto al debitore e al creditore parti originarie del rapporto obbligatorio, con funzioni ausiliarie. Ciò al fine di saggiare la bontà della ipotesi ricostruttiva in base alla quale l’adempimento dell’obbligazione pecuniaria per mezzo di operazioni di pagamento intermediato non sia governato dalla l…
PSD2 ja sen vaikutukset verkkomaksamisen tietoturvaan ja liiketoimintamalleihin
2016
Web payments have created a whole industry around them in the last decade where sensitive data is moved around and where security is one of the key concepts. On top of internal facilities, members of the EU are regulated by EU directives of which the second will be taken to legislation by the start of year 2017. It forces the banks to open interfaces that allow third parties to use web shop customers banking credentials in order to initiate payments. Second directive on payment services brings up a set of web security hazards that have yet to be studied. In this thesis a literature review is made on web payment security. I will also study the second directive on payment services and its eff…
Examining Consumers’ Usage Intention of Contactless Payment Systems
2019
Purpose The purpose of this paper is to develop and test a conceptual model that combines the modified Unified Theory of Acceptance and Use of Technology (UTAUT2) with a consumer brand engagement (CBE) model to predict consumers’ usage intentions toward contactless payment systems in a developed country. Design/methodology/approach The authors cooperated with a contactless payment service provider in Finland and reached out to 22,000 customers, resulting in 1,165 usable responses. The collected data were analyzed using structural equation modeling. Findings The study shows that the UTAUT2 and the CBE model together explain approximately 70 percent of the variance in usage intention. Of the…