A Comparative Study of Electronic Checks and Other Electronic Payment Instruments

Authors

    Amir Khajehzadeh * Department of Private Law, Da.C, Islamic Azad University, Damghan, Iran. 4579491777@iau.ir

Keywords:

electronic check, digital rial, digital transfer, modern banking, financial technology (FinTech)

Abstract

With the expansion of modern technologies in the banking sector, numerous electronic payment instruments have been developed, among which the electronic check has been introduced as one of the most recent tools. This article aims to conduct a comparative analysis of electronic checks with other payment instruments such as bank cards, electronic transfers, the digital rial, and others. This study is theoretical in nature, employing a descriptive-analytical research method, and data collection has been conducted through library research by consulting documents, books, and articles. The electronic check, with its legal backing and high technical security, is a reliable tool in the digital payment system; however, in terms of public acceptance, it still lags behind bank cards and the digital rial. By integrating traditional legal structures with modern technology, the electronic check can serve as an appropriate substitute for paper checks. Nevertheless, in order to compete effectively with other digital payment instruments, it requires further development of infrastructure, cultural promotion, and legislative support.

References

Abbasi, F. (2022). A Legal Comparison Between Electronic Cheques and Bank Transfers. Journal of Law and Technology.

Alkhowaiter, W. A. (2020). Digital Payment and Banking Adoption Research in Gulf Countries. International Journal of Information Management, 6. https://doi.org/10.1016/j.ijinfomgt.2020.102102

Bank for International Settlements. (2020). Trends in Retail Payments.

Cheque Issuance Law, Islamic Republic of Iran (2018).

Diallo, A., & Shy, O. (2021). Use of Checks in Selected Countries. 1-23.

Greene, C. (2023). Global Data Tracks Decade-Long Decline in Check Payments. 12.

International Monetary Fund. (2019). Fintech and Financial Services: Initial Considerations.

Khaleghi, A. (2021). Special Criminal Law (Crimes Against Property and Ownership).

Mohammadi, N. (2023). A Study of the Legal Status of the Electronic Cheque in Iran's Payment System. Journal of Financial Research.

Nasiri, H. (2022). Electronic Payment Law. Jangal Publications.

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Published

2024-11-25

Submitted

2024-09-12

Revised

2024-09-29

Accepted

2024-10-13

How to Cite

Khajehzadeh, A. (2024). A Comparative Study of Electronic Checks and Other Electronic Payment Instruments. Legal Studies in Digital Age, 3(4), 124-134. https://www.jlsda.com/index.php/lsda/article/view/107

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