Faculty of Economics, University of Nish, Serbia
Faculty of Tourism and Business Logistics, Goce Delcev University – Shtip, Macedonia
4th International Conference – ERAZ 2018 – KNOWLEDGE BASED SUSTAINABLE ECONOMIC DEVELOPMENT, Sofia- Bulgaria, June 7, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Business Studies, Mediterranean University – Podgorica, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia, ISBN 978-86-80194-12-7
Banks play a crucial role in promoting online businesses. Banks are trustworthy intermediaries in the online transactions and they provide a bold opening in the online business. Banks have e-payment systems like Internet banking, electronic fund transfers, plastic money (credit card & debit card) and mobile banking. These systems provide payment to online transactions. For the real working of these e-services, the need of e-banking platform development is an inevitable feature.
This paper examines the efficient utilization of developing e-banking platform which have all the infrastructures for availing the same. For this reason we explore the impact of systems factors for E- banking platform development (scalability, interoperability, fast server response, user-friendliness ect.), Organizational factors for E- banking platform development (multistakeholders perspective, bank image and resource allocation)and Economic factors (operational efficiency, administration costs, innovation diffusion, financial information assistance). The change of economy from a traditional way to the recently demanded form needs a huge technological support and effort, better planning and efficiency in implementation thus pushing the banks to design various electronic money products
e-money, e-banking, platform, software alternatives.
- Baddeley, M., 2004. ‘Using E-Cash in the New Economy: An Economic Analysis of Micropayment Systems’ [online]. Journal of electronic commerce, 5 (4), 239-253.
- Bounie, D. and Abel, F., 2006. “Les déterminants de la détention et de l’usage des instruments de paiement: éléments théoriques et empiriques”. Revue d’Economie Finan-cière, 174.
- Chakravorti, S. and Victor, L., 2006. “Payment instrument choice: The case of pre-paid cards”. Economic Perspectives, 2Q, 29-44.
- European Central Bank, 2005. The Blue Book. Bucharest: European Central Bank.
- Goodhart, C. A. E. and Krueger, M., 2001. “The Impact of Technology on Cash Usage”. The magazine of De La Rue, (4), 9-11.
- Hayek, F. von., 1976. Denationalisation of Money: An Analysis of the Theory and Practice of Concurrent Currencies. Londres: Institute of Economic Affairs.
- Menger, C., 1892. “On the origin of money”. Economic Journal, 2 (83), 239-55.
- Schmitz, S. W., 2001. “The Institutional Character of Electronic Money Schemes: Redeemability and the Unit of Account” in M. Latzer and S. W. Schmitz, eds. Carl Men-ger and the Evolution of Payment Systems: From Barter to Electronic Money. Chelten-ham, UK and Northampton, MA: Edward Elgar.
- White, L. H, 1996. “The Technology Revolution and Monetary Evolution” in J. A. Dorn, ed. The Future of Money in the Information Age. Washington, D.C.: CATO Institute