|PDF:||Author(s):||Yudaev A. Sh.,|
|Number of journal:||1(18)||Date:||February 2012|
The issues of well-established money settlements are especially important in the market conditions because the stage of the funds turnover has the most important role for the companies of any type of ownership. Qualitative change of the Russian payment system has required the changes of the cashless settlements scheme, and the use of innovative trends of payments. The payment system refers to a bunch of companies and institutions, as well as the set of methods and tools necessary for implementation of the monetary settlements between the participant of the payment relations arising in the course of production, as well as in the process of rendering services and selling goods. The idea of formation of a new payment system meeting the requirements of the market is multidirectional and difficult, and its implementation will require a lot of time.
payment system, concept of payment system, nature of payment system, essence of payment system, national payment system, bill, economic integration, financial institutions, interbank settlements, cashless payments, turnover of money