Home  Journals  Financial Analytics: Science and Experience  14(296) - 2016 April

The development of the system of payments for housing and utility services as a banking advancement trend

Vol. 9, Iss. 14, APRIL 2016

Article PDF Version

Received: 11 March 2016

Accepted: 17 March 2016

Available online: 15 April 2016

Subject Heading: Economic policy

JEL Classification: E41, G21, G31

Pages: 49-62

Importance Housing and utilities significantly absorb financial resources, with housing and utilities payments accounting for most of retail transactions. It becomes an important premise for banks to develop the system for payment of the services. This aspect intensifies under the current circumstances.
Objectives The research analyzes the arrangement of the system of payments for housing and utilities, billing technologies and determines banking advancement scenarios, considering the current changes in housing and utilities.
Methods Having conducted a comparative analysis, I presented the key strengths and weaknesses of the housing and utilities payment system. I also used the simple interest method to substantiate the return on the regional provider's involvement for payment processing.
Results I systematize and analyze approaches to payments for housing and utilities services, propose various areas to build payment infrastructure in commercial banks, and indicate options to increase funding and profitability of banking.
Conclusions and Relevance The housing and utilities payment system and its remote formats become feasible only if internal billing technologies are implemented. I also emphasize capabilities of this banking segment. The capabilities determine opportunities for higher funding of banks, their credit potential by involving regional service providers and opening special accounts to accumulate overhaul funds and promote other banking transactions (lending, etc.).

Keywords: cashless payments, housing and utilities, billing

References:

1. Belyaev V.I. Lokal'nye rynki: ikh rol', mesto i znachenie v razvitii vosproizvodstvennykh protsessov v regionakh [Local markets: their role, place, and value in the development of reproduction processes in regions]. Izvestiya Altaiskogo gosudarstvennogo universiteta = The News of Altai State University, 2012, no. 2-1, pp. 247–252.
2. Koreshkov V.G. Otsenka poter' obshchestva ot rentoorientirovannogo povedeniya kommercheskikh bankov [Assessing social losses from rent-oriented tendencies of commercial banks]. Problemy ucheta i finansov = Problems of Accounting and Finance, 2013, no. 4, pp. 57–60.
3. Kirkorova N.P. Predostavlenie uslugi po sboru platezhei: perspektiva razvitiya [Delivery of payment collection service: development prospects]. Mekhanizatsiya stroitel'stva = Machines in Construction, 2012, no. 2, pp. 43–47.
4. Fedosin A.S. Primenenie metodov lineinoi optimizatsii dlya vyravnivaniya ostatkov denezhnykh sredstv na litsevykh schetakh v protsesse osushchestvleniya nachisleniya platy za ZhKU [Application of linear optimization methods to align cash balances in personal accounts when accruing payments for housing and utilities services]. Prikaspiiskii zhurnal: upravlenie i vysokie tekhnologii = CASPIAN JOURNAL. Management and High Technologies, 2015, no. 1, pp. 155–166.
5. Vostrukhina T.Yu. Distantsionnoe bankovskoe obsluzhivanie kak odno iz perspektivnykh napravlenii razvitiya bankovskikh uslug [Remote banking service as one of the promising areas for banking development]. Rossiiskoe predprinimatel’stvo = Russian Journal of Entrepreneurship, 2011, no. 11, pp. 128–133.
6. Sidorova K.I. Kak zabivayut gvozdi skripkoi: o stoimosti vladeniya sistemami DBO [A violin to hammer a nail. On the value of holding online banking systems]. Bankovskoe delo = Banking, 2015, no. 1, pp. 56–57.
7. Khavanova N.V., Litvinova E.V. [Ways for higher efficiency of collecting debts from citizens for housing and utilities services]. Servis v Rossii i zarubezhom, 2015, vol. 9, no. 3, pp. 181–194. (In Russ.) Available at: Link.
8. Koroleva E.L. Ugrozy ekonomicheskoi bezopasnosti zhilishchno-kommunal'nogo khozyaistva: otlichitel'nye priznaki i tipologiya [Threats to economic security of housing and utilities: salience and typology]. Izvestiya vysshykh uchebnykh zavedenii. Ser. Ekonomika, finansy i upravlenie proizvodstvom = News of Higher Educational Institutional. Series Economy, Finance and Production Management, 2015, no. 2, pp. 168–173.
9. Matys E.G. Mery po snizheniyu zadolzhennosti naseleniya za zhilishchno-kommunal'nye uslugi [Measures to reduce the debt of the population for housing and utilities services]. Vestnik Omskogo universiteta. Seriya Ekonomika = Herald of Omsk University. Series Economics, 2014, no. 3, pp. 85–91.
10. Morozova Yu.V. Razvitie distantsionnogo obsluzhivaniya klientov rossiiskimi bankami [Development of remote client service in the Russian banks]. Nauka i obshchestvo = Science and Society, 2013, no. 2, pp. 137–140.
11. Kirichenko L.P., Bulavenko O.A. Sistema internet-bankinga v Rossii [Internet banking in Russia]. Fundamental’nye issledovaniya = Fundamental Research, 2013, no. 11-5, pp. 991–995.
12. Makarova I., Maksimov A. Billing zhilishchno-kommunal'nykh uslug: problemy i resheniya [Billing for housing and utilities services: issues and solutions]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2012, no. 9, pp. 110–112.
13. Nefedov V.A. Nekotorye aspekty sovershenstvovaniya mekhanizma finansirovaniya, kontrolya i upravleniya denezhnymi potokami v zhilishchno-kommunal'noi sfere [Some aspects of improving the mechanism for finance, control and management of cash flows in housing and utilities]. Vestnik Tomskogo gosudarstvennogo universiteta = Tomsk State University Journal, 2009, no. 326, pp. 140–146.
14. Shunina O.A. Regional'naya politika formirovaniya i vosproizvodstva zhilishchnogo fonda [Regional policies of forming and reproducing available housing resources]. Vestnik Altaiskoy Nauki, 2014, no. 4, pp. 120–125.
15. Gazizov R.M. Gosudarstvennaya politika po sozdaniyu fondov kapital'nogo remonta mnogokvartirnykh domov [State policies for accumulating funds for overhaul of multifamily residential buildings]. Problemy ucheta i finansov = Problems of Accounting and Finance, 2014, no. 1, pp. 49–51.
16. Rau E.I. Kak zashchishcheny vkladchiki kommercheskikh bankov [The way commercial banks' depositors are protected]. Vestnik Altaiskoy Nauki, 2015, no. 2, pp. 235–238.
17. Patrakeev A. Rol' bankov v reshenii problem formirovaniya regional'nykh system kapital'nogo remonta [The role of banks in forming regional systems for overhaul and addressing respective issues]. Upravlenie mogokvartirnym domom = Multifamily Residential Building Management, 2014, no. 3, pp. 19–25.
18. Sharapova A.V., Smorodinova N.I. Sovershenstvovanie mekhanizma finansirovaniya kapital'nogo remonta zhilishchnogo fonda v Rossiiskoi Federatsii [Improving the mechanism for finance of housing resources overhaul in the Russian Federation]. Sovremennye problemy ekonomicheskogo i sotsial'nogo razvitiya = Contemporary Issues of Economic and Social Development, 2014, no. 10, pp. 53–56.
19. Gentsler I.V. Model' finansirovaniya kapital'nogo remonta mnogokvartirnogo doma [A model for finance of multifamily residential building overhaul]. Imushchestvennye otnosheniya v RF = Property Relations in the Russian Federation, 2012, no. 8, pp. 27–38.
20. Shvakov E.E., Lazareva Zh.V., Chistyakova I.S. Programma razvitiya investitsionnogo potentsiala promyshlennogo predpriyatiya kak instrument realizatsii gosudarstvenno-chastnogo partnerstva v investitsionnoi sfere [The program for developing the investment potential of the industrial enterprise as a tool to implement public-private partnership in investment]. Fundamental'nye issledovaniya = Fundamental Research, 2015, no. 9-3, pp. 609–613.
21. Sharapova A.V., Smorodinova N.I. Mezhdunarodnyi opyt finansirovaniya kapital'nogo remonta zhilishchnogo fonda [International experience in finance of overhaul of housing resources]. Sovremennye problemy ekonomicheskogo i sotsial’nogo razvitiya = Contemporary Issues of Economic and Social Development, 2013, no. 9, pp. 128–129.

View all articles of issue

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1 March 2024

Archive