Naslov
Model payment order in the SEPA system

Autori
Sretenović Miodrag ; Kovačić Božidar

Izvornik
International Journal of Business Information Systems (1746-0972) 33 (2020), 4; 531-548

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Single Euro Payment Area ; SEPA ; e-business ; payment system ; payment order ; data modelling ; model payment order

Sažetak
The process of modernisation, rationalisation and automation aimed at increasing productivity and cost-efficiency is not feasible without the continuous investment and application of modern information technology. Single Euro Payment Area (SEPA) is a single payment system in EUR, within and between the European Union (EU) member states and the European Economic Community (EEC). Performing payment transactions by manual or semi-automatic input (template) is time-consuming and includes a high probability of error. Development of a model for automating the execution of a payment order enables faster and errorless execution of payment transactions. This paper describes a platform for the exchange of digitised contents for payment orders in the SEPA system and methods used in the development of an automated system for the exchange of data with business banks. The paper presents the improvement in the execution of payment orders using the SEPA system and also offers directions for further development.

Izvorni jezik
Engleski

Znanstvena područja
Informacijske i komunikacijske znanosti

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