Template-Type: ReDIF-Article 1.0
Author-Name: Alexey V. Maslov
Author-Email: alexey.v.maslov@icloud.com
Author-Workplace-Name: Association of Banks of Russia, Moscow 119180, Russian Federation
Author-Name: Yulia A. Maklakova
Author-Email: yulalmaklakova@yandex.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russian Federation
Title: Merchant Acquiring Technology and Problems of Its Regulation in Russia
Abstract: This paper examines the evolution of merchant acquiring in Russia. Initially, the term was purely professional and meant the involvement of “service points” in accepting cards. Today it denotes the whole range of business for the creation and development of the infrastructure of non-cash settlement and cash services in trade and service enterprises using payment cards. Technological innovation has spurred the development of acquiring tools. However, today, when the number of non-cash transactions is steadily growing and has almost reached the number of transactions using cash, the issue of acquiring fees is still a burning issue between retail and banks. The authors consider the positions of the two parties to the dispute, and also draw conclusions about the possible consequences if the requirements of retail or banks are satisfied.
Classification-JEL: G21, G23
Keywords: acquiring, acquiring fees, infrastructure of non-cash settlement and cash services, plastic cards, non-cash payment
Journal: Finansovyj žhurnal — Financial Journal
Pages: 75-85
Issue: 5
Year: 2020
Month: October
DOI: 10.31107/2075-1990-2020-5-75-85
File-URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2020/5/statii/05_5_2020_v12.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:200505:p:75-85