American Journal of Applied Sciences

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

Alexander A. Galushkin, Valeriy V. Grebennikov, Dmitriy A. Pashentsev, Igor M. Potashnik, Marat S. Shaykhullin, Elena V. Maystrovich and Anastasiya S. Zhykovec

DOI : 10.3844/ajassp.2014.1757.1760

American Journal of Applied Sciences

Volume 11, Issue 10

Pages 1757-1760

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.

Copyright

© 2014 Alexander A. Galushkin, Valeriy V. Grebennikov, Dmitriy A. Pashentsev, Igor M. Potashnik, Marat S. Shaykhullin, Elena V. Maystrovich and Anastasiya S. Zhykovec. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.