Essays on Credit Cards

Capstone Project [Phase]

Computer and Information Science Sharjah Higher Colleges of Technology Literature Review Introduction The project aims to create a website for a restaurant that is yet to incorporate online applications into its functional operations. It is imperative for the restaurant to have a website for allowing customers to see all the foods and drinks on offer without necessarily going to the stores and also for allowing them to pay for their orders on online platforms using their credit cards. Additional advantages the ability to view pricing of varied items alongside the delivery times and pictures of the varied food items ...

ABSTRACT

Cloud computing employs the use of parallel and highly computed processors to virtually and remotely deliver services. This is an important factor forenterprises whose processing resources are limited and who suffer limitations on the manpower and data storage. This notwithstanding, cloud computing faces a serious threat in the area of data security. This is because the attackers have become very opportunistic and look for any slight loophole that will enable them to bypass the server securities within the cloud computing environment. It is thus important to come up with a systematic approach that can help in identifying the vulnerabilities ...

Payment methods and technologies have shifted a great deal over the years. Gone are the days where cash and check transactions make up the bulk of the give and take that occurs when people engage in commerce, travel and otherwise spend their money. Credit and debit cards have ruled the roost for a while but some new contenders are starting to emerge. The first major alternative to the conventional credit cards and other more traditional methods was PayPal (PayPal, 2017). However, smartphone-enabled technologies such as Apple Pay, Samsung Pay and Android Pay are starting to dominate the commerce and ...

Police officers are responsible for keeping peace in the country. They apprehend and pursue individual who breaks the law, solve issues of the community, enforce traffic law, arrest suspected criminal, investigate crimes and respond to emergencies. They are usually assigned to patrol particular areas to be familiar when inspecting suspicious circumstances. Training is significant before one becomes a police officer as it will expose him or her to a new situation to handle challenging tasks during the career life. I think the best education level of the police should be college degree level. The college degree level is ideal ...

Stevey is very opinionated, honest and open-minded about legalizing marijuana. As he gives his opinion as to whether or not marijuana should be legalized, he confesses to having been a user at some point in his life. He continues by saying that even as a user, marijuana did not affect him and he is one of the smartest people. Credit cards are issued by the bank to enable an individual to buy goods or pay for services. They make life easier but if they are wrongly used they can make one to be in a massive financial debt. However, ...

Budgeting is the process of calculating monthly expenses from one’s income. Developing budgets allows individuals to know in advance, whether they would have enough money after paying for all expenses to spend on the things that they want to do like going to the movies or going on holidays. Budgeting helps individuals to keep their priorities straight. With budgeting, they can focus on and prioritize the list of things to do and spend their available budget accordingly. In lament terms, budgeting stop individuals from wasting their money on unnecessary things that they do not need. Keeping a monthly ...

Terrorism and cyber terrorism become one of the main global threats to the humanity of XXI century. Nowadays cyber terrorism is the inherent part of the modern terrorism. So we can not discuss the question of terrorism without taking into account the cyber terrorism. Both terrorism and cyber terrorism carry a threat to various states, organizations, groups of people and etc., but when the terrorism uses as a battle-field all accessible variants, cyber terrorism is only in the network. There is no doubt that cyber terrorism and terrorism have similarities but it also has a lot of differences. The ...

The informatics solutions help the organizations to manage data of the process, clients, providers, payment methods, and supply chain. The informatics solutions work as networks from centralized data centers in several countries in the world as United States of America, Canada, Ireland and Iceland. There are companies that store their data centers in their warehouses under their maintenance and surveillance, but most of the corporations of the world give that responsibility to a third company that provides the hardware, maintenance, and security service. The data centers while they are connected 24 hours and 365 days a year to the ...

Articles Summary

The main point in the current article is to develop an attitude towards the savings at the early age. The sources of finance at the early age are very limited and it is very important that the individuals must plan their important needs accordingly. According to the article, the important needs such as higher studies, important assets and the good credit history must have a proper financial plan. The planning must cover all risks, including recessions, inflation and the time value of money. The idea of savings from the early life can help anyone in achieving the goals such ...

The chapter under consideration is the Chapter 5, Financial Services: Savings Plans and Payment Accounts. The chapter gives to the reader five important aspects that contribute to the understanding of the personal finances. 1. The first aspect is the selection and use of the available financial services in the market and the factors that influence the decision to select a specific financial service. The selection of the financial service depends on of the needs of the client and the convenience of fees and conditions. One of the financial services is the availability of cash. The cash is the most ...

Analysis2

E-Commerce in Retail Sector.3 Customer Information..4

Improved Marketing Techniques5

Security Issues7 Conclusion8 References..10 E-Commerce & Retail The emergence of the internet and of computing technology in general over the last generation or so has had drastic and dramatic effects on all of society including both the personal and business realm. Indeed, these new technology has made it easier to spend money, work and so forth in a way that makes one’s home life and work life blend together in many ways. However, this report will focus more on how e-commerce has come into its own as part of this new technology and ...

Statement of the Research Problem

Currently, there are a vast number of reported cases of online fraudsters who tend to break into people's systems without their consent. The threat of online fraud has an impact on operations of business in the hospitality sector. The adoption of technological advancements improves the efficiency of firms such as the hospitality industry that can guarantee them more advanced customer service and consequently tremendous profits. However, the increased use of the internet makes the hospitality industry prone to fraudsters. For instance, the Marriot Milwaukee Downtown which is a major hotel in Milwaukee, Wisconsin, faces the threat of fraudsters mainly ...

Summary of the Decision Situation

Just like any other company venturing into a new business, Uber is facing both marketing and pricing challenges. Uber has placed various services into use to ensure that it beats its competitors in providing ride-sharing services in the United States and other parts of the world, such as Europe, Asia, and Africa. Lyft is the main competitor Uber is facing in most of the United States cities. In the international platform, Uber faces a bigger competitive challenge more so in the Chinese market from companies such as Didi Kuaidi. Some of Uber’s services include charging their customers based ...

Personal Financial Planning

Personal Financial Planning

Develop a workable operational budget Make payment to credit cards Formulate a savings plan Long Term Financial Goals for John and Beth Formulate and implement an investment plan Make payments to an investment plan Complete loan repayment Time Frame for Accomplishing Long-term and Short-term Goals Many economists believe that the time frame for accomplishing long-term and short-term goals should be between one and two years (Kaplan & Atkinson, 2015). In the case of John and Beth, the adequate amount of time that shall be required to formulate a workable financial operational budget shall be 2 weeks, while ...

During this week, I was posted back to the customer service section where I worked in week one. However, besides the normal duties that I performed in regards to customer service, I was allocated other new duties. Since I had already worked in this section, I did not encounter any difficulties because I was already familiar with staff members in this section. Furthermore, I would easily apply the knowledge that I acquired in the first week of my training.

Training Completed This Week;

Filing; during this week, I was given the duty to handle customer information files (CIF). CIF contained personal and account ...

Progress Report of Research Paper on Credit Card Payments

The aim of this online credit card payment systems in modern times study is to review challenges of credit cards as a means of payments in online shopping. This study appreciates the overall online websites as well as shopper’s perceptions that drive the use of credit cards as an electronic payment method that is secure, can be trusted, convenient, cost effective and anonymous just like traditional methods of payment. This paper is a progress report that details the main activities and findings that were made in the literature review chapter of the study as well as detailing the ...

Introduction – History & Background3

Operations in the Emerging Markets4 International Strategy7 Acquisition of Household International7 Expansion of Financial Services in Rural China8 Challenges Affecting HSBCs operations in China11 Conclusion13 References14 Globalization is a process of interaction and integration among the people, companies and governments of different nations. It is a process that is driven by international trade and investment and aided by information technology. This process has effects on the environment, culture, prosperity, human well-being and economic development all across the world. The global strategy covers three important areas of global, international and multinational strategies that are specifically designed to enable a particular ...

Introduction

Customers and businesses have realized that flexibility in communication is among the best ways of reaching out to each other. The need for improved relations has contributed to organizations changing the way they do business in efforts to accommodate interactive platforms for responding to customer inquiries in real time. Online marketing is key to promoting effectiveness and efficiencies of how goods and services are offered to customers in ways to improve brand and customer loyalty. Among the major benefits offered by online marketing is the ability to easily reach out to global markets without incurring many costs in advertisements ...

Check Your Understanding

What is Buy Nothing Day trying to change about society? The main purpose of the Buy Nothing Day is to change the culture of consumerism. The day is marked as the day where people cut out their credit cards to promote anti-materialism. Why have some people proposed changes to Buy Nothing Day? What are the changes, and which ones do you think would be more effective? They feel that it does not do enough to change the consumer habits of people. As a result, they are proposing for a longer span of “Buy Nothing” such as Buy Nothing Christmas. ...

Who are we? The National Bank of Canada is an incorporated group that offers an inclusive financial service to clients. Its customers are small, medium-sized firms and big corporations that are in the major market of the bank while providing special services elsewhere around the globe. The NBC offers a full range of services such as corporate, and investment banking in this sector. Moreover, it is considered as an active player on the world markets. What do we do? The bank participates in the brokerage of securities, management of wealth, the mutual fund and the retirement plan arrangements as ...

Government regulations and rules in the Chinese online market

The fact that the Chinese market is a key market for global firms provided a chance for eBay to begin its operations in China. The rapidly expanding middle class and the fact that the economy was booming suggested that eBay could gain from the higher purchasing power of the consumers. However, the case was not to be as eBay withdrew its online auctions business from the China market. The Chinese market is massive but without a strategic plan, it is impossible to make a significant and sustainable presence in such markets. The Chinese culture is diversified when it comes ...

Introduction

Specific Information and communication technologies including the internet has significantly changed the way economic transactions occur (Niranjanamurthy, 2014, p. 670). Online shopping has become a modern day concept for customers all over the world. It has made shopping more effortless; prices can be compared and customers can review products and services before a purchase decision is reached (ALraja and Aref, 2015, p. 913). The online consumer behavior has now become a major research area for both psychologists and information technology scholars with most research areas being an analysis of how consumers become adopted to the use of online stores. ...

Essay # 1

When companies have to deal with data breaches it is financially devastating. The financial devastation is a result of money being stolen from the company and potentially clients. Therefore, clients may want to sue due to trusting the company with the data. Some lawsuits may materialize and this can indeed put a financial dent in the company’s profits. Furthermore, the company will have to hire lawyers to investigate and figure out who actually breached and hacked the data. This can cost a lot of money as well. According to research “These costs include revenue lost due to the ...

The American Express is a global financial company that dominates the credit card segment. The company generates revenue by interest charges and other fee. It issues cards independently and not as intermediaries; thereby bearing the total financial risk. The main competitors of AmEx in the Credit Card Processing & Money Transferring industry are Visa Inc., MasterCard, PayPal and KKR & Co. Visa and MasterCard are main arch rivals of AmEx in the “Credit Card Processing & Money Transferring” industry. Each of them has its credit card network; however, they use different ways to issue cards. Visa and MasterCard are not financiers which ...

Personal Finance

Personal Finance

Introduction

The economy of the United States impacts personal finance either directly or indirectly. Importantly, the government regulates personal finance through interest rates and taxes. Most taxes are directed to social programs to help the needy. Due to income disparities, citizens opt to acquire credit cards from local banks or other lenders. The credit card allows consumers to spend in advance and keep track of their expenditure. However, those who settle their credit card balance late, pay high-interest rates. The purpose of this paper is to address the role of government in the personal finance. Also, the paper ...

Executive Travel Report

Tel Aviv Tel Aviv (Israel) Fast Facts Status Financial center of Israel and 2nd most populous city Time zone UCT/GMT +3 hours

Political system Democracy

Main religion Judaism Language(s) Hebrew, Arabic, English Currency exchange rate 1 ILS = 0.26 USD; Inverse 3.76 USD

Arriving to Ben-Gurion International Airport (Tel Aviv)

The airport is located 20 km (12.5 miles) outside the city. Equipped with 3 terminals, the airport is designed to service approximately 16 million travelers a year. You will arrive to Terminal 3 that accepts international flights. Inside the terminal you will find an emergency clinic, post office, currency exchange centers, 24 hour banks and a number and of ...

Identity Theft

(Name of author)

Introduction

Identity theft is a type of scam where malicious attackers steal financial and personal information of their victims, assuming their identity and using it to hide from law enforcement and perform illegal financial activities. Identity theft was the most reported crime by consumers to the Federal Trade Commission (FTC). In 2014, over 12 million cases of identity theft cases were reported in the United Sates, costing the victims over $16 billion . Although this was a decrease from the previous year and issues of identity theft have been on declining since then, citizens are still advised to ...

Credit Risk in Retail Banking

Credit risk is defined as the probability that borrowers will not be able to make payments on borrowed funds. Credit risk combines both the uncertainty regarding the failure of a borrower to make the payments, as well as the expected time taken to make the payments . Retail Banking, more commonly known as Consumer Banking, is offering banking and financial products and services to individual investors or customers. Consequently, there are different types of credit risks involved that these institutions have to deal with. This includes cases in which a customer is unable to make the due payments at a ...

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Summary

Cyber laws are established to ensure safe, fair and responsible use of the internet by all the users whether they are common internet using citizens or law enforcement agencies. These laws have been designed and have been evolving ever since because of the ever expanding canvas of the ethical considerations involved in the use of the internet. The law is confined to logic and debate, and anything that has not been debated on or legislated cannot be made a law and is hence the responsibility of the user as their ethical and moral duty. The common internet ...

Executive summary

For convenience of analysis, this paper has been organised under three parts. The first part of the paper discusses about the global payments industry in general. The global payments industry has been growing at a tremendous pace over the last decades and the development of internet technologies greatly contributed to the growth of this industry. The Porter’s five forces analysis of the global payments industry reflects that it maintains a favourable business environment for business houses. In the analysis, it appears that all the five forces of the industry are in favour of the Visa that enjoys massive ...

Data Mining has created a great deal of controversy in the business world due to the fact that it violates many principles of privacy. Where we run into issues with protecting privacy is a result of the strict confidentiality laws that exist in the United States. Consumers ideally do not want companies having access to information about their purchasing patterns. Essentially, customers do not want the hassle of receiving more advertisements than they already do. Data Mining has been seen as the enemy to the consumer because in the modern age that we live in, there is not a ...

Business with online customers and intellectual properties are using cyber forensic investigators to deal with electronic crimes and employee’s wrongdoing. PayPal scam is one of the cyber crimes that required the knowledge of forensic scientists. Database and Internet investigators played a tremendous role in discovering credit card thieves. PayPal merchants reported being redirected to mock PayPal site. Forensic investigators discovered that the PayPal accounts were opened using the same IP address. The team used Sam Spade, trace route, and freeware network discovery to investigate the matter. Based on the investigation, there is evidence that could be used in ...

In the materialistic world that we live in today, money has become the center of our lives focus. It has become hard to ignore this commodity because everything comes with a price tag. Consequently, it has evolved throughout history and the paper money we use today is the modern day method of buying and selling. However, paper money is not the only means to make purchases. Ways to purchase items can further be classified into three categories; debit, credit, and cash. As a result to make lives even more convenient for the modern day customer the idea of plastic ...

Question 1: Ensuring compliant coding and billing

Adhering to accurate coding and billing processes is one of the most important elements in ensuring RCM coding and billing compliance. A critical process that can be used to ensure RCM practices comply with coding and billing regulatory guidance and industry standards is regular monitoring and auditing of medical claims before submission for payments such as the ICD-10 standards (CureMD, 2016; Kochhar, n.d.). Frequent request follow-up and verification activities improve and strengthen the overall coding and billing processes of a firm by helping ensure that all the necessary right safeguards are in place to avoid errors (MetricStream Inc., 2016). ...

Introduction

Using credit cards has many negative effects on the financial prosperity of a student. Students having access to a credit card, fail to control their spending habit and showcase increase in financial consumption habits. Credit cards provide simple and convenient services, making students feel that they have access to free cash that can be used to purchase products they like. This feeling stimulates impulsiveness among students and influences their financial condition in a negative way. Using credit cards causes serious troubles for students as they develop huge credit card payments and end up in a financial crisis where they ...

Introduction:

Foreign bank auxiliaries and full-benefit banks are the main two sorts of foreign bank foundations in Canada that accept savings and investments from Canadian citizens and entities. This paper will attempt a thorough review of the existing foreign banks in operation in Canada, obstacles to their progress, their relative market shares and the general future outlook. Foreign bank auxiliaries are fully registered banks in Canada that are wholly owned by foreign individuals and entities, who are not citizens of or based in Canada. Foreign banks have been allowed to operate in Canada since 1999, before that the Canadian banking ...

Savings defines the part of income which is not spent. Savings which is economic variable defines quantifies a person’s physical quality of life and standards of living. Proper banking is effective to improve one’s standards of living. It is the obligations of banks to become creative and create an efficient banking environment in the financial market. Implementing saving habits during the earlier days assist a person and family to attain a more stable life than a person who has no savings (Cummings 2). Embracing norms of saving money is a mode of safeguarding one from protecting someone ...