Payment Policy and Payment Services
- Credits: 3
- Ending: Examination
- Range: 2C
- Semester: summer
- Year: 2
- Faculty of Business Management
Teachers
Included in study programs
Teaching results
Knowledge:
• Knowledges extension in the sphere of non-financial business payment policy definition and creation, processes and trend of cash management modernization, selection possibilities of payment realizing and cash flow make the best of innovative payment services, electronic banking and payment products. Knowedge acquisition about the actual trend in settlement system and balanced trade with a financial instruments, payments, collectoin of money, credit cards and electronic money in compliance with European payment system standard. Theoretical knowledge and actual legislative arrangement keep improve the quality of obligation under contract in trade agreement, payment and delivery terms application and practicall using payment tools to elimination business financial risks.
Competence:
• specify non-financial business payment policy,
• determine processes and binding decision making methods and lead up to achieve the objective of failure free and error free payment transaction processing,
• orientate oneself in the sphere of updated law making in european payment system,
• optimised the payment tools application by reason of elimination risk factors in business transactions,
• get a view of electronic money and tools in electronic fund transfer, data protection and resolution of disputes.
Skill:
• analyse the process of corporate cash management,
• evaluate corporate payment policy effectiveness and performance of procedures,
• quantify payment services charges, analyse commercial conditions and selection institution providing a payment services,
• draft payment conditions in business contract, analyzing business partner, costs and risk of payment transactions,
• define and make proposal of processes within the context of participatory in payment services legal duty.
Indicative content
Thematic definition of seminars:
1. Interaction of corporate financial management and payment policy
2. Trade and payment relations in enterprising
3. Possibilities of effective utilization trade instruments of financing in payment system
4. Processes of businesses administered cash forecast in the bank
5. Payment systems and common payment services policy
6. Legal duties and delivering or using payment services rights for corporate customers and consumers
7. Categories of payment service providers in SR payment systems
8. Relevance of general business conditions on the payment services market
9. Legal obligation measure for payment services participants
10. Electronic instruments in payment services
11. Risk situation solution
12. Presentations of student projects I.
13. Presentations of student projects II.
Support literature
Basic literature:
1. KUBRANOVÁ, Magdaléna. Platobná politika a platobné služby [online]. Bratislava: Vydavateľstvo EKONÓM, 2017, e-kniha [112 s., 8,22 AH]. ISBN 978-80-225-4476-4.
2. KUBRANOVÁ, Magdaléna. Cash manažment podniku. Bratislava: Vydavateľstvo EKONÓM, 2012, 107 s. [7,597 AH]. ISBN 978-80-225-3420-8.
3. MARKOVIČ, Peter, TÓTHOVÁ, Alena a KUBRANOVÁ, Magdaléna. Finančný manažment na prahu 21. storočia. Bratislava: Vydavateľstvo EKONÓM, 2013, 267 s. [18,47 AH]. ISBN 978-80-225-3721-6.
4. MACHKOVÁ, Hana, ČERNOHLÁVKOVÁ, Eva a SATO, Alexej. Mezinárodní obchodní operace. 6. aktualizované a doplněné vydání. Praha: GRADA Publishing, 2014, 256 s. ISBN 978-80-247-4874-0.
5. SCHLOSSBERGER, Otakar. Platební služby. Praha: Management Press,s.r.o, 2012, 325 s. ISBN 978-80-7261-238-3.
Supplementary literature:
1. BRAGG, Steven M. Corporate Cash Management. Second Edition. Colorado: Published by AccountingTools, Inc.,Centennial, 2014, 245 s. ISBN-13: 978-1-938910-37-1.
2. JÍLEK, Josef. Finance v globální ekonomice I: peníze a platební styk. Praha: Grada Publishing, 2013, 660 s. ISBN 978-80-247-3893-2.
3. PENNING, Aubrey, FARDON, Michael. Cash management.Worcester: Published by Osborne Books Limited, 2010, p. 190. ISBN 978-1905777-303.
4. MADURA, Jeff, FOX, Roland. International Financial Management.Second Edition. Hampshire UK: Published by Centage Learning EMEA, 2011, p. 680. ISBN 978-1-4080-3229-9.
5. TENNENT, John. Guide to Cash Management. London: Publishshed by Profile Books Ltd., 2012, p. 211. ISBN 978-1-84668-597-2.
Syllabus
Thematic definition of seminars: 1. Interaction of corporate financial management and payment policy in market environment Payment policy and treasury activities role in corporate financial management. Theoretical aspects of corporate cash management and make a decision on short-term realizable assets in praktice. 2. Trade and payment relations in enterprising. Regulating atribute in terms of trade, delivery and payment terms in trade greement. The international rules of indication delivery terms and payment methods.Identification the risk factors in trade and payment operations. 3. Possibilities of effective utilization trade instruments of financing in payment system. Bank instruments of trade financing application, impact on elimination of payment risks and failure free payment relations securing and incidence on the business financial charges. 4. Processes of businesses administered cash forecast in the bank, cash concentration system optimalization cash cycle. Using the bank services in management and optimalization cash position in bussiness concern through the cash pooling. Implementation cash pooling in businesses and basic decision measure about centralized cash management. 5. Payment systems and common payment services policy in connexion with european regulation and legislation. Payment systems operators and participants in member state of European Union.Rules of payment system and payment settlement principles. TARGET2 TARGET2-Securities, SIPS. Oversight support safe and smooth functioning of European payment systems. 6. Legal duties and delivering or using payment services rights for corporate customers and consumers, charges comparability conditions, payment account movement conditions, structure of payment transaction, payment services user authentification, sensitive payment data. 7. Categories of payment service providers in SR payment systems.Competency of banks, payment institutions subject, electronic money institutions, Eximbank, Post Office, NBS, ECB, National Treasury, payment service providers with bank access permission in the sphere of information about payment account and settlement. 8. Relevance of general business conditions on the payment services market. Terms of single use payment service rendered. Function of payment initiatory service provider. Standard of basic contract between payment service provider and user. 9. Legal obligation measure for payment services participants. Protection against legalization of criminal proceeds. Identification noncurrent commercial operations and obliged person assignment in financial institutions and non-financial businesses. Restriction of cash in hand payments act. Measure of bank deposits protection in EU. 10. Electronic instruments in payment services, electronic money, conditions for electronic money issue and services processing in electronic money institutions.Responsible electronic transactiopn services act. Security and electronic processing and data holding supervision. 11. Risk situation solution, reclaiming and decide disputes between user and payment services provider through alternative disputes between user and payment services provider through alternative dispute resolution. Data protection, information and identification papers of payment services users and theirs commercial and payment transactions.
Requirements to complete the course
40 % continuous seminar work on the assigned topic, 60 % written exam
Student workload
78 h ( attendance at seminars 26 h, processing of a seminar paper presentation 26 h, preparation for written tests 26 h)
Language whose command is required to complete the course
Slovak
Date of approval: 09.02.2023
Date of the latest change: 14.05.2022