THE ROLE OF DIGITAL INFORMATION TECHNOLOGIES IN THE IMPLEMENTATION OF CASHLESS PLASTIC CARDS IN BANKS

Lapasova is the daughter of Marguba Zakir
Student of the Jizzakh branch of the National University of Uzbekistan
lapasovamarguba04@gmail.com 
Phone: (90)-488-76-70

Abstract: The article contains a number of points regarding the analysis of the implementation of cashless settlements in commercial banks of Uzbekistan. 
Keywords: Plastic cards, digital technologies, mobile banking, SMS-banking, Bank-Client, retail banking services, banking system.
Enter. Currently, the process of opening plastic cards to customers is quickly prepared by commercial banks in our country through modern (EISA) programs.

The main part. In the conditions of financial globalization, the competition between banks to attract large corporate clients has increased, and the market of banking services in Uzbekistan is becoming one of the promising areas of ensuring bank income and competitiveness. At the moment, retail services occupy a special place in the market of banking services, and they are mainly aimed at satisfying the population's demand for financial and banking services. It is known that retail banking services are distinguished by a number of features, in particular, individuals are the main consumers, although the volume of transactions is small, the costs are higher compared to corporate banking services, and the services are aimed at meeting personal requirements. The President of the Republic of Uzbekistan Shavkat Mirziyoyev Miromonovich stated in his address to the Oliy Majlis that "wide implementation of digital technologies in the activities of banks will be in the center of our attention." The volume of retail banking services provided by commercial banks of our Republic is increasing year by year. The number of deposits intended for the population is increasing, the volume of operations with plastic cards is increasing, the practice of issuing consumer and mortgage loans is improving.

Resolution 2751 of the President of the Republic of Uzbekistan dated February 2, 2017 "to further encourage the development of the cashless settlement system, to meet the demands for plastic cards, terminals and related equipment, as well as non-bank transfer of funds special attention is focused on reducing turnover
of the President of the Republic of Uzbekistan " On additional measures for the further development of the cashless payment system based on plastic cards " No. PQ-433 of August 3, 2006 is provided at the beginning of the second letter of paragraph 1 to extend the period of validity of customs privileges until January 1, 2020.

Bank microprocessor plastic cards, manufacturers of payment terminals, processing centers of retail payment systems are effective from imported raw materials, consumables and components, software tools and licenses for the production of plastic cards, terminals, ATMs, infokiosks and other equipment. and ensure strictly targeted use and calculations by means of these, and in the future their production should be localized.

Also, the regulations on non-cash payments in the Republic of Uzbekistan, the Civil Code of the Republic of Uzbekistan, "On the Central Bank of the Republic of Uzbekistan", "On Banks and Banking Activities" and in accordance with the laws "On Payments and Payment Systems" in the Republic of Uzbekistan, the procedure for making cashless settlements of legal entities and individuals using payment documents is established. One of the most widely used types of retail banking services today is plastic card services. Plastic cards have their advantages for banks and citizens. Also, today, making payments for various products and services through the Internet and electronic systems is becoming more and more sophisticated. The widespread use of plastic cards and mobile communication is creating the basis for the development of the sector. In particular, the use of information and communication technologies in areas such as consumer credit, remittances, and deposit operations is at an initial stage. It is also important to study foreign experience in further expansion of plastic card services. Looking at the foreign experience of plastic card services. This type of payment has been used in the Australian banking and financial system for more than twenty years. 

Over the past years, a lot of experience has been accumulated in this regard. Innovative ideas were introduced to the industry. As of today, the number of plastic cards in circulation is 6 per person. 6 issued plastic cards for each working population corresponds to ta. Credit cards are used within the specified limit, and the debt incurred through the plastic card is returned to the customer within a convenient time. International "Visa", "MasterCard" and "American Express" bank credit cards are mainly used in Australia. In recent years, as a result of the decrease in the demand for cash and the expansion of cashless payments, the number of payment terminals installed in sales and service outlets in the country is increasing significantly. In our country, as a result of the development of the settlement system through plastic cards, the demand for cash is decreasing year by year. In particular, in comparison to 2018-2019, there is an increase in the number of people carrying out operations and sales through bank plastic cards.

Summary. The development of bank card transactions, the possibility of introducing a scoring credit system, the gradual development of services such as "internet-banking", "mobile-banking", "SMS-banking", and the improvement of services such as money transfers and electronic payment in our republic determines the prospects for the development of retail banking services.

Useful literature:
1. "Economy and innovative technologies" scientific electronic magazine. No. 1, January-February , 2014
2. Decree of the President of the Republic of Uzbekistan on the strategy of actions for the development of the Republic of Uzbekistan in 2017-2021
3. Bekchanov M., Abdurakhmanov R. Plastic card - a modern means of settlement. // Market, Money and Credit. No. 9. 2012.B.14
4. Abduvakhidov F. Accounting in commercial banks./ Study manual. - T.: "ECONOMY-FINANCE", 2012 - y.