BUSINESS INFORM №9-2014

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Section: Finance, Money Circulation and Credit
UDC 336.711.65
Balakina I. S.
Classification of Payment Systems Based on Their Oversight (p. 286 - 291)
The question of payment systems classification is studied due to the increase in their economic weight and the necessity of ensuring their safety and effectiveness through oversight of their operations by the central bank. Characteristic features of each type of payment systems are established which in the aggregate determine special properties associated with realization of their oversight. Classification criteria are grouped into those pointing out the distinctions and special properties of the organizational and legal form of the payment organization of the payment system and those concerning settlement within the payment system. Depending on the organizational and legal form, payment systems are classified by the form of ownership and proprietor type, participant residence and participation structures. Depending on the settlement characteristics, the following classification criteria are identified: the form and time frame of settlement, the scale of activities, the credit mechanism, the funds reservation procedure, an average payment sum and service segment, performance of settlement by the payment organization. Besides, the author proposes a classification of payment systems based on their role (or importance) in the economy.
Keywords: classification, payment systems classification, payment systems oversight, payment system, settlement, systemically important payment system
Tabl.: 2. Bibl.: 16.

Balakina Iuliia S. – Postgraduate Student, University of Banking (1 Andrіivska Str., Kyiv, 04070, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Balakina, Iuliia S. (2014) “Classification of Payment Systems Based on Their Oversight.” Business Inform 9:286–291.

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