Developed Countries of the World the Process of Carrying out Calculations in the US and Japan through Non - Cash Plastic Cards
Keywords:
banking system, Retail Banking Services, Banking Client, SMS banking, debit card, credit cards, digital technologyAbstract
The article discusses a number of opinions on the analysis of the introduction of cashless payments in the United States and Japan.
References
Consumer Payment Systems, Nilson rep., Dec. 2000 (issue 729) [data of the US payment systems since 1999 year], in 1, 6. I U. C rely on during this paper in Nilson's report for statistics related to.card industry. Although the source of Statistics published in the Nilson Report is rarely accurate, I think it is. s follow the lead. government agencies and previous academics, which have generally accepted them prestigious.
Generally speaking, a debit card is a card that pays for transactions by withdrawing funds from the bank account established during the transaction. In the US market, the functional difference between a debit card and a credit card is that the funds for the debit card operation are automatically withdrawn from the bank account a few days after the transaction, while the credit card is only at the end of the month (if) the cardholder pays the promissory note. For a general introductory discussion of debit cards, see RONALD J. MANN, PAYMENT SYSTEMS AND OTHER FINANCIAL OPERATIONS 141-46 (1999).
Debit cards at the point of sale in the United States 2000, Nilson rep., Apr. 2001 (issue 737), at 1, 6 [in the text since 2000 he. S. Debit card data] (report 8.3 billion it. S. debit card purchase operations 2000, up 30 percent from last year, US$318 billion total); 1999 he. S. payment systems data, supra note 1, at 1, 6 (reports that debit cards were used for 6.1 percent of 1999 consumer purchases, representing 4.7 u. s percent. the amount of dollars in consumer purchases); See also Visa and MasterCard—USA 1998, Nilson rep., annual. 1999 (issue 689), at 1, 5-7 (showing growth in Visa and MasterCard debit transactions from 400 million in 1994 to 2.9 billion in 1998).
International Settlements bank, payment and settlement systems qo'mitasi, retail payments in selected countries: a comparative study 23 Table 5 (September. 1999), available bis.org [further study the comparative payments of bis
Teresa A. Sullivan, ELIZABETH Warren and Jay Lawrence Westbrake, fragile middle class: Americans in debt ch. 4 (2000) (a detailed study and analysis of the relationship between credit card industry and consumer banking in the United States). This view is also supported by the analysis of government experts. See also Diane Ellis, the impact of consumer interest rate regulation on the volume of credit cards, payments and personal bankrolling rates, banking trends 98-05 (FDIS, Department of insurance, March 1998).
