Research Article Open Access

THEORETICAL AND PRACTICAL QUESTIONS OF THE PAYMENT CARD'S USE AS A PAYMENT METHOD IS RUSSIA AND ABROAD

Alexander A. Galushkin1, Valeriy V. Grebennikov1, Dmitriy A. Pashentsev2, Igor M. Potashnik1, Marat S. Shaykhullin3, Elena V. Maystrovich1 and Anastasiya S. Zhykovec1
  • 1 Department of Judicial Authority, Law-Enforcement and Human Rights Activity, Peoples’ Friendship University of Russia, Moscow, Russia
  • 2 Department of Civil Law, Financial University under the Government of the Russian Federation, Moscow, Russia
  • 3 Department of State and Legal Disciplines, International Institute of Informatization and Public Administration named in the honor of P.A. Stolypin, Moscow Region, Russia

Abstract

In the present article authors analyze theoretical and practical questions of payment cards use in Russian Federation and abroad. Authors discuss historical and practical reasons for choosing payment cards as payment method, as well as reasons for different kinds of cards use. Authors pay discuss questions of payment card use in Russian Federation at the present time and analyze questions of such payment method use after the collapse of the Union of Soviet Socialist Republics (USSR). Author's discussion is based on the analyses of the current state of the Russian Federation banking system, its development and current state. During discussion authors use statistical data, including data on the largest banks in Russian Federation at the present time. In conclusion authors present ideas on possible ways of Russian Federation banking system future development in regard to payment cards (both debit and credit) use as a method of the non-cash payment implementation.

American Journal of Applied Sciences
Volume 11 No. 10, 2014, 1757-1760

DOI: https://doi.org/10.3844/ajassp.2014.1757.1760

Submitted On: 4 August 2014 Published On: 1 December 2014

How to Cite: Galushkin, A. A., Grebennikov, V. V., Pashentsev, D. A., Potashnik, I. M., Shaykhullin, M. S., Maystrovich, E. V. & Zhykovec, A. S. (2014). THEORETICAL AND PRACTICAL QUESTIONS OF THE PAYMENT CARD'S USE AS A PAYMENT METHOD IS RUSSIA AND ABROAD. American Journal of Applied Sciences, 11(10), 1757-1760. https://doi.org/10.3844/ajassp.2014.1757.1760

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Keywords

  • Payment Cards
  • Credit Cards
  • Debit Cards
  • Payment
  • Purchase
  • Organization
  • Regulation