Brief overview of payment systems operating on the territory of Romania

  • Radoslav Nikolov VUZF University
Keywords: payment systems, payment services, settlement, payments, transactions, bank transfers, banking

Abstract

The article analyses the payment systems in Romania, the purpose of which is to examine the features and the actual application of payment services in this country. The analyse covers: Introduction, Brief Overview of Payment Systems, Legal Framework. Attention is drawn at the payment resources only within the country. The focus and analytic part of the article falls mainly on to payment systems in Romania, for this purpose, graphs of individual systems are presented and subsystems to illustrate the study.

Author Biography

Radoslav Nikolov, VUZF University

PhD Student

References

Стефанова, П. (2000). Банки. Вътрешни и международни плащания. София: Тракия - М.

Nita, Georgian (2011). Banking System in Romania and Implementation of Electronic Payment, Journal of Knowledge Management, Economics and Information Technology, vol. 1, issue 2, 9.

(2001). The CPSS report titled Core Principles for Systemically Important Payment Systems. The Bank for International Settlements, January.

(2005). National Bank of Romania, Regulation no. 1 of February 3, 2005 on payment systems ensuring funds clearing and Regulation no3/23.02.2005 on direct debiting made through automated clearing house, Official Monitor no. 265/31.03.2005.

(2005). Automated Clearing House (ACH) system regulations, version 5, TransFonD, July 7, Bucharest.

Liviu Voinea, (2017). Deputy Governor. Romania: Financial sector, Bucharest, 15 March 2017.

Laurentiu D. ANDREI (2010). General Deputy Manager, Ministry of Public Finance, Romania 2010.

(2012). National Bank of Romania, SWIFT Business Forum Romania - 3rd Edition. “20 Years of SWIFT in Romania”, Bucharest, 11 October 2012.


Abstract views: 43
PDF Downloads: 40
Published
2019-10-30
How to Cite
Nikolov, R. (2019). Brief overview of payment systems operating on the territory of Romania. VUZF Review, (3), 97-110. Retrieved from http://papersvuzf.net/index.php/VUZF/article/view/92
Section
Articles