Cash-out in trade and service networks: advantages and prospects in Russia

DOI

10.2991/iscde-19.2019.78How to use a DOI?

Keywords

trade and service enterprises; cashless payments; "cash purchase", payment system; acquiring interchange; ATM network

Abstract

It is no secret that banks incur serious costs for maintaining cash flow. Several bank services are involved in this at once: cash desk, collection, bookkeeping. Some Russian banks have already begun testing a new service. In Russia, a new Cash-out service (purchase with cash) has appeared, which allows you to receive cash directly at the cash desk at trade and service enterprises. There are several stakeholders in the development of this project: banks, trade and service enterprises (TSE), as well as customers. The article discusses the advantages of this project for each of its participants, the problems of its introduction from a technological and legal point of view. The economic effect of introducing a pilot project for trade and service enterprises and banks is substantiated. The whole system of banking acquiring, the charging of all operations is considered.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - V.V. Kremleva
AU  - O.I. Dudina
AU  - N.S. Necheukhina
PY  - 2019/12
DA  - 2019/12
TI  - Cash-out in trade and service networks: advantages and prospects in Russia
BT  - Proceedings of the International Scientific and Practical Conference on Digital Economy (ISCDE 2019)
PB  - Atlantis Press
SP  - 128
EP  - 131
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscde-19.2019.78
DO  - 10.2991/iscde-19.2019.78
ID  - Kremleva2019/12
ER  -