Stored-value cards are access devices used to deduct money from a nonbank, nonchecking account. These cards are funded through checking accounts, ACH funds transfers, credit cards, debit cards or cash. 1. Which promulgated accounting standards did the company need to consider prior to implementing the initiative? Explain your answer. Credit card companies need to consider prior to implementing this initiative would be the proposed guidance of FASB’s Emerging Issues Task Force (EITF Issue No. 15-B)
one supplier of electronic cash card and related services to the over-the-road trucking industry. Comdata's proprietary credit and debit card is a multi-service card, which allows payment for a range of personal and company related expenditures through a single card. Comdata serves over one million truckers in the United States with its proprietary card for over-the-road truck carriers and with a co-branded Comdata MasterCard® for local fleets. This is the credit card of choice for large local fleet
1.Decompose ‘Australia Post’ into a set of business processes and services to an appropriate level of granularity that will enable a clear understanding of the diverse services that Australia Post provides. The 'Australian Post' spreads a substantial measure of administrations in diverse trains. It might need enormous measure of sub-methodologies and sub-errands to be performed to achieve the focused on business legitimacy. These set of administrations and forms directed by Australian posts comprised
Payment Systems & Security From PayPal to Debit cards, from EFT to Credit cards, this modern world has been inundated with new ways of making business transactions. Instead of the conventional use of dollars and nickels, now there are electronic payment systems. These types of systems allow for better trust and acceptance between consumer and businesses. In the traditional way of buying a product, one would see a product in person, and pay for it with cash or credit. In e-commerce, the business
ELECTRONIC CASH AND SMART CARDS Introduction When you go into a store to make a purchase a monetary transaction takes place between a merchant, the provider and the consumer, which is you. Typically you would either use cash, check or credit card. If you are making a purchase less than five dollars it doesn’t seem reasonable to pay with a credit card or write a check. Electronic cash is the solution to this problem regardless how big or small the transaction is electronic cash is a viable alternative
shopping online for consumers. These online transactions now encompass much more than the traditional online banking. They represent the billions of merchants and consumers whom take part in online transactions twenty-four hours a day. With this, credit cards and online transactions are quickly becoming an important legal issue. The different areas include: types of payment methods and their components, legislation, and online security such as encryption software. All parties must understand this complex
into their bank account. Using their home computer, that person can pay their monthly bills electronically by using a third-party bill paying system authorized by their bank. Credit cards, once reserved for major purchases, are now accepted at grocery stores, fast food restaurants, pay phones, and coffee shops. Debit cards are quickly replacing checks for many of our day-to-day purchases. There are quite a few transactions that cannot be completed with cash, including renting cars, many mail order purchases
area of customer satisfaction. Starbucks has to come up with an action plan to address this issue, considering its significant correlation and impact to sales and profitability. SITUATION ANALYSIS Company Starbucks is acclaimed for its superior value proposition in the early 1990’s by creating an experience around the consumption of coffee, a ‘third place’. The brand is positioned to offer the highest quality coffee, close customer intimacy, and warm atmosphere or ambience. Customers However
the Difference Engine. Within ten years, the Analytical Engine was produced. This machine could perform several tasks. These tasks would be givin to the machine and could figure out values of almost any algebraic equation. Soon, a silk weaver wanted to make very intricate designs. The designs were stored on punch-cards which could be fed into the loom in order to produce the designs requested. This is an odd beginning for the most powerful invention in the world. In the 1930's, a man named Konrad
many aspects of our lives are being transferred to the digital world. The internet has changed the lives of many, giving them a new way to communicate, learn, shop, and more recently, make online transactions without physical cash, checks or credit cards. In 2009, the world of digital currency was altered forever when Satoshi Nakamoto introduced bitcoin, a crypto-currency. It has shown an immense growth in popularity within just six years, offering consumers less fees, more safety, and no physical
History of Computers Historically, the most important early computing instrument is the abacus, which has been known and widely used for more than 2,000 years. Another computing instrument, the astrolabe, was also in use about 2,000 years ago for navigation. Blaise Pascal is widely credited with building the first "digital calculating machine" in 1642. It performed only additions of numbers entered by means of dials and was intended to help Pascal's father, who was a tax collector. In 1671
take place in terminal device such as workstations, smartphones, tablets. However, information analysis, processing, storage, management and distribution of operations takes place in the third space called the cloud. Software and data are typically stored on the server in the cloud. However, the users only have their device as temporary storage for the duration of use. Most users can use the cloud service over the internet using the browser such as Internet Explorer, Chrome, Firefox, and Safari without
Debit Card A debit card (also known as a bank card or check card) is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money comes directly from the user's bank account when performing a transaction. Some cards may bear a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account. In some cases, the primary account
victims of consumer information hacking. In each of the cases, millions of consumers’ personal information has been breached. In the article “Home Depot 's 56 Million Card Breach Bigger Than Target 's” on September 18, 2014, 56 million cards were breached due to cyber attackers. Before the Home Depot attack, Target had 40 million cards breached. Company’s information is constantly being breached and the consumers’ are the ones who end up having to pay the price. If a company cannot protect the information
for bigger marketing . It means analyzed, competent, variety of huge data that has been stored for implying it for bigger decisions in the market. The Marketing companies which are achieved to collect large amount of data they used to go into a deeper analysis of that data in a more richer way to represent and inputting unstructured to structured one and used it as strategic decisions for bigger market value.
Introduction Cybercrime refer to illegal activities conducted through computer. It is a growing area of crime. More criminals are utilizing the speed and anonymity of the internet to commit various crimes. Cybercrime can be broken down into two main types of internet related crimes which are advanced cybercrime and cyber enabled crime. Advanced cybercrime are sophisticated attacks against computer hardware and software. Cyber enabled crime are increasing crimes that exploit advances of internet such
1. WHAT IS SMART CARD? The wallet-sized medical smart card, embedded with a programmable computer chip, stores and transmits a cardholder's clinical, insurance coverage and biographical information. Smart cards differ along four main dimensions: 1. Memory: from 1 to 16 kb (there are currently prototypes with 64 kb); 2. Processor speed: from 4 to 16 MHz; 3. Interaction: physical contact, proximity (near-contact, but no wearout), and radio; 4. Software: card operating system and installed applications
commerce. As explained by González (2001) , ...a smart card can generally be defined as a plastic card with dimensions similar to traditional credit/debit cards, into which an electronic device has been incorporated to allow information storage. Frequently, it also has an integrated circuit with data processing capacity. Smart cards are normally separated into two categories: memory cards and microprocessor cards, commonly named smart cards for their capability to do data processing and the sophisticated
A. Select three examples of where a company’s data security was breached from the outside. 1. Company: TJX Companies Inc, Date: December 2006 Impact: 94 Million Credit Cards exposed Details: Hackers stole credit card data during wireless transfers, they took advantage of weak data encryption system and stole credit card data. This was possible because the company's network had no firewalls. (Armerding, 2012) 2.