The system of payment development in context of attachment the Czech Republic to the European Union

The diploma thesis is focused on the analysis of the system of payment in the Czech Republic and in the whole European Union. The theoretical part defines system of payment generally, its organization, the telecommunication network SWIFT and also describes the electronic payments. The following chapter deals with the legislation of this area in our country. There have been made a lot of changes untill these days because of the strong effort to harmonize legal form of payment system with the regulations of European Union. The next part of this study is dedicated to individual payment system especially the CERTIS which is the unique but highly efficient system in the Czech Republic. The practical part obtained the comparison of the payment system which are using in the European Union. For better lucidity the systems are devided into the wholesale payments and the retail payments. The trends and the prognosis of the interbank payment system development are identified in the conclusion of this study