European Cooperation (Aug 2016)
THEORY OF DEVELOPMENT AND PRACTICAL ISSUES OF INFORMATION SUPPORT OF OPERATIONS WITH ELECTRONIC MONEY
Abstract
In this article, the author has examined the scope of use of electronic money and appropriate information security. The efficiency of development of this sector depends on the mutual consistency of external and internal information support. The banking system is a powerful computer technology environment that enables the implementation of large-scale innovations in the structure of payments. But this is where the information is of great value.For the wide use of electronic money, as a payment instrument of enterprises, trade and services should have reliable information on banks' electronic money, the state of their liquidity and solvency. This confirms that all the innovations in the banking business need constant updating volume of publication of information. For the development of banking technologies the need for compiling each time of new type of information increases. Accordingly, each of the economic relationship forms a relatively closed system with its own management information resource.It is important for banks, as their settlement activities through relationships are involved in almost all entities. Regarding new payment instrument of electronic money - this is especially urgent. This is about information providing procedures for their issuance and subsequent use. This requires the building of effective methods of accounting for electronic money and the introduction of effective tools for monitoring the process of implementation.
