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Scientific journal “Vestnik NSUEM”

2017 year, number 1

SPECIFICS OF FUNCTIONING OF CARD PAYMENT SYSTEMS IN CONDITIONS OF MODERN GLOBAL ECONOMY

G.V. Khetagurov
North-Caucasian Mining and Metallurgical Institute, Str. Nikolaeva, 44, Vladikavkaz, Republic of North Ossetia-Alania, 362021, Russia
Keywords: платежная карта, карточная платежная система, платежные операции, Visa, MasterCard, правила обслуживания карт, процессинговый центр, эмитент, эквайер, payment card, payment system, payment transactions, Visa, MasterCard, card servicing rules, processing center, issuer, acquirer

Abstract

The article studies the basics of functioning of modern card payment systems. In particular, the basis notions connected with the payment cards market are revealed, the reasons of the dynamic development of the market are analyzed, the roles and functions of the participants of the card payment systems are considered, the analysis of the specifics of infrastructure and technological support of the systems under examination is carried out, the forecast of the development of the card payment systems is made.