LEGAL SUPPORT OF CASHLESS PAYMENTS IN ECONOMIC ACTIVITY
Article Sidebar
Section
This work is licensed under a Creative Commons Attribution 4.0 International License.
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution 4.0 International (CC BY 4.0) license, which permits unrestricted use, distribution, and reproduction of the content in any medium, providing that the original author and source are credited.
Main Article Content
Abstract
The key areas of legal regulation of non-cash settlements in financial and economic activity are investigated. It was proved that calculations in financial and economic activity are certain relations which appear in connection with the fulfillment of monetary obligations arising from the law or the contract. As a result they are part of the monetary circulation that is regulated by the state purpose, ensuring the redistribution of financial resources of the state and control of their use. It was also established that the subject of regulation of the cashless settlement institution is not only the economic civil-legal relations that arise between customers and the bank, but also administrative-financial and information relations that are related to the circulation of documents in paper and electronic form. It was researched that during the execution of non-cash payments, documents are created by normative legal acts of the Ukrainian National Bank and in most cases there is an exchange of information between banks and cash flow systems which are kept on payers’ accounts. It was noted that the issue of calculation genesis as well as identification of the relationship between the legal regulation of primary forms and modern legal framework will give the opportunity to set specifics and identify features for the development of legal regulation of cashless settlements. In addition, it will help to determine the right ways for improvement the economic and legal regulation of non-cash payments in modern conditions. It is proved that in the conditions of active introduction of modern information and telecommunication technologies in the activity of financial institutions, the emergence of e-commerce, the emergence of new financial instruments and the spread of electronic banking systems, the development of the payment services market is characterized by increasing customer demand for non-cash payments. Therefore, the development of recommendations for improving the legal regulation of non-cash payments in economic activities should be based on a comprehensive analysis of the interests of both market participants and the state.
Article Details
How to Cite
References
Pravlinnia Natsionalnoho banku Ukrainy. (2004). Instruktsiia pro bezghotivkovi rozrakhunky v Ukraini v natsionalnii valiuti: Postanova No 22. vid 21.01.2004 [Instruction on non-cash payments in Ukraine in national currency: Resolution dated 21.01.2004 No 22]. Retrieved from https://zakon.rada.gov.ua/laws/show/z0377-04 [in Ukrainian].
Dzera, O. V. (Ed.). (2009). Dohovirne pravo Ukrainy. Zahalna chastyna [Contract law of Ukraine. The general part]. Kyiv: Yurinkom Inter [in Ukrainian].
Bezklubyi, I. A. (2005). Bankivski pravochyny: tsyvilno-pravovi problemy [Banking transactions: civil law problems]. Kyiv: Kyivskyi natsionalnyi universytet imeni Tarasa Shevchenka [in Ukrainian].
Tsyvilnyi kodeks Ukrainy: vid 16 sichnia 2003 r. No 435-IV [Civil Code of Ukraine: from January 16 2003 No 435-IV]. (2003). Retrieved from https://zakon.rada.gov.ua/laws/show/435-15 [in Ukrainian].
Domanetska, I. M., Petrushenko, M. S., Fedusenko, O. V., & Fedusenko, A. O. (2012). Imitatsiina model funktsionuvannia vuzla pirynhovoi merezhi [Simulation model of peering network node functioning]. Upravlinnia rozvytkom skladnykh system — Managing the Development of Complex Systems, 12, 124—132. Retrieved from http://nbuv.gov.ua/UJRN/Urss_2012_12_27 [in Ukrainian].
Kuzmin, V. F. (1971). Raschyotnye pravootnosheniya v novyh usloviyah hozyajstvovaniya [Settlement legal relationships in the new economic conditions]. Extended abstract of candidate’s thesis. Moscow [in Russian].
Verkhovna Rada Ukrainy. (2014). Pro zapobihannia ta protydiiu lehalizatsii (vidmyvanniu) dokhodiv, oderzhanykh zlochynnym shliakhom, finansuvanniu teroryzmu ta finansuvanniu rozpovsiudzhennia zbroi masovoho znyshchennia: Zakon Ukrainy vid 14 zhovtnia 2014 r. No 1702-VII [On prevention and counteraction to legalization (laundering) of proceeds from crime, financing of terrorism and financing of proliferation of weapons of mass destruction: Law of Ukraine of October 14, 2014 No 1702-VII]. Vidomosti Verkhovnoi Rady Ukrainy — Bulletin of the Verkhovna Rada of Ukraine, 50—51. Retrieved from https://zakon.rada.gov.ua/laws/show/1702-18 [in Ukrainian].
Bohdanovych, A. S. (2013). Bezghotivkovi rozrakhunky iz vykorystanniam elektronnykh platizhnykh zasobiv yak kompleksnyi pravovyi subinstytut [Cashless settlements using electronic means of payment as a complex legal sub-institution]. Chasopys Kyivskoho universytetu prava — Magazine of Kyiv University of Law, 4, 391—394 [in Ukrainian].
Novoselova, L. A. (1996). Raschyotnye pravootnosheniya v novyh usloviyah hozyajstvovaniya [Cash settlements in business]. Moscow: YurInfoR [in Russian].
Borysova, A. M. (2014). Napriamky ta perspektyvy vdoskonalennia informatsiinykh bankivskykh pravovidnosyn [Directions and prospects for improving information banking relations]. Molodyi vchenyi — Young Scientist, 1, 75—78 [in Ukrainian].