Our survey found that the Hungarian public considers bank cards to be the most secure electronic payment instrument. The positive perception of the bank card ranks immediately behind the perceived security of traditional payment instruments: the yellow cheque and cash. Nevertheless, one of the...

In Hungary, the overwhelming majority of credit transfers have been executed in the course of the day since July 2012. In the past half year, the new system operated reliably, without any trouble. The central clearing of transactions is typically performed within 10 minutes, and almost all...

Recently, there have been several government initiatives pointing to the electronisation of the voucher market, some of which have already reached the phase of implementation. In the interests of implementation at the society level which is efficient from technical as well as ‘business’...

Payment service providers passed the transaction tax on to their clients in several steps and to a significant degree, both in the spring, upon introduction of the tax, and in the autumn, when the rates of tax were raised. For cash withdrawals and bank transfers, the tax was typically passed on...

In 2001, a study was conducted for the European Commission looking at the intra-Community cross-border credit transfers of 40 private individuals. The equivalent of EUR 100 was transferred in each transaction. The 1473 credit transfers examined took 3 business days on average to reach the payee....

Starting from October 2009, redemption of government securities was transferred to the real-time gross settlement system (VIBER) developed for the settlement of time-critical transfers and operated by MNB. This step ensures that the settlement of redemption is performed in the clearing system...

There is a lot of debate currently about local monies: the “soproni kékfrankos” (Sopron blue franc), the “rábaközi tallér” (Rába District thaler), the “pécsi korona” (Pécs crown), the “debreceni fantallér” (Debrecen fanthaler) and the “veszprémi korona” (Veszprém...