Electronic Forms Of Payment Cards - 1742 Words

PAYMENT CARDS INTRODUCTION Payments system all over the world has experienced a period of dramatic change. Consumers, businesses, and government are moving away from paper checks and towards electronic forms of payment. Technological advances and competitive forces are fundamentally altering the payments landscape, with important implications for efficiency, safety, and access. A payment card is a device (embossed plastics) that enables its owner (the cardholder) to make a payment by electronic funds transfer. This is the technology reduced the use of cash to purchase goods and services. Payment card allows the cardholder to pay for goods and services based on the holder s promise to pay for them. The most common types of payment cards are credit card and debit cards. Payment cards are usually 85.60 Ãâ€" 53.98 mm in size, which complies with the ISO/IEC 7810 ID-1 standard. They usually also have an embossed card number conforming to the ISO/IEC 7812 numbering standard. A payment card is mostly electronically linked to an account or accounts belonging to the cardholder. These accounts could be deposited accounts, loan or credit accounts, and the card is a means of authenticating the cardholder. The Wal-Mart–Visa/MasterCard â€Å"honor-all-cards† settlement and the proposed First Data– Concord EFS merger is just two examples of the dynamic forces at work in this industry. There are different types of payment cards. These are a credit card, debit card, charge card, ATM card,Show MoreRelatedElectronic Commerce And Its Impact On The Internet And Cloud Computing Technologies1627 Words   |  7 Pagescomputing technologies, electronic commerce is becoming more and more popular. Many people and businesses deal with their payment transactions via the Internet. In a conventional payment system, buyers and sellers transfer cash or payment information through credit cards and checks, however in early electronic payment systems, online payment services must add capabilities to process orders, accounts and receipts. As e-commerce has gradually grown, digital currency payment have become popularizedRead MoreEssay on Electronic Payment System1391 Words   |  6 PagesElectronic Payment System I. Introduction With the continuing rapid growth of E-commerce, transactions on the Internet have been increasing exponentially. And such transactions require some reliable and secure payment systems. In fact, one of the key factors in the success of E-commerce is the development of convenient, reliable and secure electronic payment system. To understand the issues and current activities regarding the developmentRead MoreLouis Wynn D2 Comparing different payment systems I’m going to write a report on different payment1100 Words   |  5 PagesWynn D2 Comparing different payment systems I’m going to write a report on different payment systems used. This will include the advantages, disadvantages, comparison and I will conclude which payment system I would recommend for cuckoo. Payment systems are used by customers and businesses to transfers funds from one account to another account. Advantages of a payment system The advantage of cuckoo having a payment system would be that you easilyRead MoreElectronic Cash and Smart Cards Essay1344 Words   |  6 PagesELECTRONIC 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 alternativeRead MoreElectronic Commerce1202 Words   |  5 PagesElectronic Wallets are Secure Introduction The idea for paying for goods and services electronically is not a new one. The search for more efficient ways of doing business is now driving another revolution in the conduct of business and in our concept of money. This revolution is known as electronic commerce, which is the symbiotic integration of communications, data management, and security capabilities to allow business applications within different organizations to automatically exchangeRead MoreImportance of E-commerce in Modern Business1176 Words   |  5 Pagesof E-commerce 3 E-commerce payment systems 3-4 Importance of E-commerce in modern business 3 Conclusion 7 Recommendation 7 References 8 E-Commerce refers to the buying and selling of products and services over electronic systems like the internet and other computer networks. This system depends on technologies like electronic funds transfer, supply chain management, internet marketing, online transactions, electronic data interchange and automatedRead MoreDexit Analysis1125 Words   |  5 Pagesto launch a wireless payment system as the standard payment method for small dollar amount retail transactions in the Canadian Market. †¢ Company has strong investment financing behind it in the form of two large Canadian banking firms. †¢ Fast 3 second transactions via RFID would create simple convenient transactions that could be tracked easily by consumers. Environment: †¢ â€Å"Big 6† Banks controlled the Canadian industry Current market via issuing Credit and Debit cards and the correspondingRead MoreEcommerce Essay1375 Words   |  6 Pagesabout electronic payments and the risk of on-line fraud and what it could mean for your business. To finish off this report I will be giving my recommendation, but by then I think you will have already made your mind up whether you want expand your business into the area of ecommerce or not. In the benefits of ecommerce section I will be explaining to you the potential benefits that the world of on-line shopping have to offer to you. Then I will explain to you the many benefits of electronic paymentsRead MoreHow Payment System All Over The World Has Experienced A Period Of Dramatic Change Essay882 Words   |  4 PagesINTRODUCTION Payments system all over the world has experienced a period of dramatic change. Consumers, businesses, and government are moving away from paper checks and towards electronic forms of payment. Technological advances and competitive forces are fundamentally altering the payments landscape, with important implications for efficiency, safety, and access. A payment card is a device (embossed plastics) that enables its owner (the cardholder) to make a payment by electronic funds transferRead MoreThe Value Delivery Network For Apple Pay Essay1328 Words   |  6 Pagesvalue delivery network is 1st that it is convenient. The same way credit cards and bank cards changed how we carry money and pay for things, Apple Pay wants to take the next step forward. Apple wants to make it so we have one less thing to carry and be more customer friendly. If Apple could have it their way, we wouldn’t be carrying wallets at all and all payments would be made through our mobile devices, rather than by card or dollars. Apple is trying to bring this convenience to their consumers

Machiavellian Perception of Reality Essay examples

Machiavellian Perception of Reality Introduction Written almost five centuries ago during Italy’s era of fractious chaos, Niccolo Machiavelli’s, The Prince became the â€Å"How-To† book for the effective acquisition, governance, and retainment of power over principalities. Within the pages of this political treatise, Machiavelli duly explains the qualities of a successful prince. However, he also explains how the importance of these very qualities affect the prince’s public image and reputation and how these play a vital role in the retention of power while keeping others from conspiring and rising against him. The ideal prince should be virtuous in that in that he should be â€Å"merciful, faithful, humane, religious and upright†Ã¢â‚¬ ¦show more content†¦A respectable reputation is necessary since it parallels public image. The people will judge everything the prince publically says and does, which will then become his perceived reputation by those very people. â€Å"For this reason a prince ought to take care that he never lets anything slip from his lips that is not replete with the above-named five qualities, that he may appear to him who see and hears him altogether merciful, faithful, humane, upright, and religious. There is nothing more necessary to appear to have than this last quality, inasmuch as men judge generally more by the eye than by the hand, because it belongs to everybody to see you, to few to come in touch with you. Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them; and in the actions of all men, and especially of princes, which it is not prudent to challenge, one judges by the result† (Machiavelli, Chapter XVIII, 2012). Machiavelli also confronts the reputational risks and concern of liberality and meanness. With liberality, the prince generally leaves the people alone mostly tax-free. Unfortunately, the more generously the prince gives, the poorer he will inevitably become. Thus, he creates the necessity of taxing the people, which fosters resentment among the people. However, Machiavelli states that it is better for the prince to be considered a miserShow MoreRelatedNiccolo Machiavelli s The Prince1699 Words   |  7 PagesFrom describing world leaders to political antiheroes in television dramas, characterizing someone as a â€Å"Machiavellian figure† is perceived more as derisive description than an accurate representation of that person’s philosophical views of power. This popular depiction is due to Niccolo Machiavelli’s harsh portrayal of the interlaced relationship between power and politics in his treatise, The Prince. Machiavelli begins his work by contending that it is â€Å"more effective† to reveal the â€Å"practicalRead MoreEssay about Machiavellian Concepts on the Use of Fear 1059 Words   |  5 Pagesfea r is the prince’s tool and his alone. â€Å"†¦men love at their own free will but fear at the will of the prince†¦Ã¢â‚¬  Politicians throughout history have used fear tactics with varying degrees of success. For the purpose of my argument I will compare Machiavellian concepts on the use of fear with contemporary examples to prove its benefits particularly in the consolidation of power and promotion of obedience. Machiavelli went to great lengths in his writing to outline rules governing the use of fear.Read MoreArgument Favor Of Establishing A Positive Culture1408 Words   |  6 Pagesindividual is only ever recognized for their mistakes, then it will not take long for that individual to see themselves as only making a negative contribution. They may begin to perceive themselves as a failure. In the world we live in your perception is your reality. If you perceive yourself as a failure you tend to behave as such to meet the expectation set of you. When managers create a negative culture they are effectively setting up their subordinates for failure. In contrast, when managers makeRead MoreClassical Realism Vs. Marxism1544 Words   |  7 Pagesowing Realism its theoretical endurance. Thucydides imparted the standard to which centuries of emerging Realists would adhere: write â€Å"not to win the applause of the moment, but as a possession for all time† (1972, p. 21). The Classical Realist perception of human nature finds its roots in and is perhaps best illustrated by its Renaissance pioneers – Thomas Hobbes and Niccolà ² Machiavelli. Machiavelli held that humans, in their natural state, were guided by a combination of wealth and free will (2000Read MoreMy Leadership Skills At An Early Age2824 Words   |  12 Pagesaligns with their goals. Self-Identity: A Parent, or a Person who Parents Nothing forces someone towards introspection more than countless nights spent trying to no avail to comfort a crying baby while the rest of world is happily sleeping. The reality that I was not a natural born mother and also that I didn’t particularly enjoy every moment of it was not only a surprise, but was deeply disturbing to me. Societal pressures around the meaning of motherhood that came from my parents, my spouse, theRead MoreSemiotics And Semiology : Semiotics1601 Words   |  7 Pagesdifferentiate between one’s own reality (dream or non-dream) and another person’s dream world . Its essence as a signifier of the mental construct of reality and illusion (the signified) plays a vital role in communication in the film. Similar to the examples provided before, totems are viable due to the mutual agreement formed regarding its functionality – its physical characteristics are designed by the owner to discretely behave abnormally in their own reality (dream or non-dream). Cobb possessesRead MoreAnalysis Of The Movie House Of Cards 1448 Words   |  6 Pagesseason 2. The show itself represents a critical and cynical look at US politics. This is further proven by the fact that Frank Underwood thrives in this system. The main critiques of the system come from the importance of the media and how public perception is a driving force in influencing politics, with many scandals making or breaking various politicians throughout the show. Another criticism is how modern politics has turned into its own version of Theater. Also, the show criticizes the lack ofRead MoreMacbeth As A Tyrant Essay1281 Words   |  6 Pagesby Lady Macbeth’s devious manipulations. Macbeth’s wife is more ruthless and ambitious than her husband. Her Machiavellian approach kept Macbeth on track towards the ultimate goal to the throne. Over and over again she questioned his manhood as if bravery has a direct link to murder. She even stated that she was willing to kill he r own baby to get what she wants. Such a graphic perception of the extent to which she would go was enough to push through all of Macbeth’s moral red lines. The manipulativeRead MoreNiccolo Machiavelli s The Prince Of Princes During The Florentine Republic1733 Words   |  7 Pages Machiavellian, nowadays, is a synonym for someone that is cruel and self-interested. While in reality, Niccolà ² Machiavelli, a counsellor of Princes during the Florentine Republic, was one of the greatest defenders of people’s liberty and political self-determination. He is depicted in such erroneous ways because his amoral and realist point of view was extremely controversial during the time he lived. Yet, the writer always defended the people and their interests as a whole. As mentioned beforeRead MoreNiccolà ² Machiavellis Acquisition of Power Essay1327 Words   |  6 Pagesrepresentative of Renaissance thinkers in his perception of government. No longer was government seen as an institution granted by God but rather governments were largely becoming arrangements or contracts between those that govern and the governed. Thinkers from Aristotle to Francis Bacon would expound on this idea of a social contract, but none would exemplify the realism and ruthlessness of modern politics like Machiavelli. While the word Machiavellian has become part of our lexicon as a term

Gulf Integration Industry Consulting Project for Saudi Business

Question: Discuss about theGulf Integration Industry Consulting Project for Saudi Business. Answer: Overview Founded in the year 2012 by one of the most prominent Saudi Business Groups, Gulf integration is a multinational business heavily invested in the Gulf regions energy sector (Gulfintegration.com. 2017). The company is headquartered in Riyadh, Saudi Arabia with 6 key branches in different parts of the Kingdom (Gulfintegration.com. 2017). The organization operates under a diversified business model with 6 independent business units that are seamlessly integrated together to ensure that the company is able to achieve its objective of obtaining unrivalled success in its areas of operations (Gulfintegration.com. 2017). The 6 key business units under the companys umbrella are power and energy, sports accessories, Telecom and IT services, Management Consulting, Electro mechanical solution, Management consulting and Pharmaceutical. This paper seeks to provide a pictured organizational chart describing Gulf Integration modus operandi, the industry context under which it operates and the compan ys nature. The paper will also highlight the connection between the author and the company. Industry Context in which Gulf Integration Operates Unlike most companies in the Saudi Kingdom which focus primarily on the construction and energy sectors, Gulf Integration has effectively diversified its product portfolio. Due to its diversification, the company operates in 6 different industries representing its key business units. The company has significant interest in the Oil and Gas sector where it is investing in the production of alternative forms of energy. The company also has interest in the Telecommunications and IT industry where it deals in the design, sales, implementation and maintenance of data and communication solutions. Another industry in which the business operates in is the sporting industry where through it provides quality solutions for sporting fields. Other industries where the company has interests in include the pharmaceutical industry, ISO compliant Industries, Construction industry, Health and Education Industry and Power and Energy Industry. Gulf Integration Modus Oparandi Connection with Industry Gulf Integrations main responsibility is the coordination of its different business units to ensure that they operate effectively. As a result of this, Gulf Integration operates more like a coordinator of its 6 key business units. The company seeks to ensure that its global network is able to operate effectively with little complication and that its clients obtain the best of services that are in the market (Koch et al., 2015). As a citizen of Saudi Arabia, I greatly admire the company because of its desire to integrate the different key sectors in the countrys economy. Through its actions the company demonstrates how the different aspect of Saudi Arabias economy can coordinate with each other to ensure economic progress (Wright 2016). I got the opportunity to work in the company through its internship program and through this opportunity I was able to learn of how the various sectors of the countrys economy interrelate with each other. The business model employed by the company is quite important as it helps to ensure continued operations and survivability of a country even when one sector of the economy experiences a downfall. This is currently being witnessed in the oil and gas industry which has been struck by a significant decline in prices due to global over production (Baumeister, and Kilian 2016). Bibliography Gulfintegration.com. (2017). Gulf Integration | Integrating Diversity. [online] Available at: https://gulfintegration.com/ [Accessed 6 Oct. 2017]. Baumeister, C. and Kilian, L., 2016. Understanding the Decline in the Price of Oil since June 2014.Journal of the Association of Environmental and Resource Economists,3(1), pp.131-158. Koch, C., Mathiasen, J.B., Nyffeler, N. and Schorderet, A., 2015, August. Mechatronics: From systems combination to business integration. In Management of Engineering and Technology (PICMET), 2015 Portland International Conference on(pp. 1576-1584). IEEE. Wright Jr, J.W. ed., 2016.Business and economic development in Saudi Arabia. Springer.

On Friday May 30th 1845, the F... free essay sample

On Friday May 30th 1845, the Fath al Razack arrived in Trinidad with approximately 225 Indians, after sailing for 98 days from the port of Calcutta. This marked the beginning of a system of immigration that was to continue, until it became illegal in 1917, to ship Indians under the indentureship scheme. Due to bankruptcy of the Trinidad Government, there was a break from 1848 to 1851. The colony received a guaranteed loan from Britain. Then there was a steady flow of immigrants every year, until all contracts were completely abolished on January 01, 1920. During its existence, approximately 147,600 labourers arrived in Trinidad. The majority of them were employed in the sugar cane estates, while a very small number was employed on cocoa, coconut and rubber plantations. Trinidad became a British colony in 1797, after it was captured from the Spanish. Its potential as a sugar colony had long been recognized with the ongoing competition for supremacy in the world sugar market between Britain and France. We will write a custom essay sample on On Friday May 30th 1845, the F or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The demand for indentured labour came, in the aftermath of the abolition of African slavery in the British West Indies, in 1838. After emancipation, the sugar cane plantations in Trinidad were faced with a shortage of a regular and relatively cheap labour supply. As a result, various attempts were made to find an alternative source of labour. The Indian indentureship scheme had already been implemented in Mauritius (1834) and British Guiana (1838) and the Trinidadian planter class saw the system as an opportunity to procure an immediate labour force. The influx of a large amount of Indian labourers would flood the labour markets and keep wages depressed, while decreasing the bargaining power of the Afro-Trinidadians. When Indian immigration to Trinidad commenced in 1845 it was regulated by Act XXII of 1844, passed by the Government of India on 20 November 1837, to control the movement of labourers from British India to various parts of the world.The Trinidad planters would submit their requests for labourers to the Governor of Trinidad. This information was then forwarded to the Colonial Office / India Office in Britain. From there it was dispatched to India and official licences were given out to recruiters who went into the districts and villages. The Trinidad Emigration depot was located at Garden Reach Calcutta and the Protector of Emigrant was responsible for overlooking the logistics of the system on the Indian side. Recruiters were paid per head for every Indian they recruited for the labour system 35 rupees for a female labourer and 25 rupees for a male labourer. The contract for the transportation of Indian labourers to the Caribbean was awarded to the James Nourse Shipping Company in 1875. The ships used were usually three-masted schooners around 500 tons. The stipulated length of time of the journey was 20 weeks for a sailing ship and 13 weeks for a steamer. The Nourse shipping line was paid  £11 12s. 6d. per statute adult. From 1845 to 1865, the ships en route for Trinidad docked at Port of Spain where the Trinidad Immigration depot or the Coolie depot was located. Upon arrival and disembarkation the Indians were taken to the depot where they were accommodated until they were distributed to individual plantations. In 1865 however, another depot was established at Nelson Island, a very small island located North West of Port of Spain, in the Gulf of Paria. On Nelson Island the immigrants as well as the ship, food and stores were inspected by the Protector of Immigrants and their bundles and blankets were cleaned. The immigrants were to be examined by a medical doctor and those who only needed rest were kept at the Depot. Once the Indians were physically stable they were transported by small boats to Port of Spain and distributed to the islands plantations. In Trinidad, the law stipulated that Indian indentured labourer would be engaged in the cultivation of the soil or the manufacture of produce on any plantation, every day except Sundays and authorized holidays. They was required to work for nine hours in each working day and was attached to the specific plantation for five years from the date of allotment. At the end of the five years the labourers were to be given a certificate of exemption from labour and were permitted to return to India at their own cost after ten years residence in the colony. According to the contract, which the labourers signed prior to embarkation at the port of Calcutta, an able-bodied adult labourer over sixteen years of age was to be paid twelve annas or sixteen pies for each days work, while a minor (between ten years and twelve years old) would receive eight annas per day. All wages would be paid fortnightly. Also included in the package were the provision of medical and maintenance during sickness free of charge; rent-free dwelling houses (to be kept in good repair by the employer, at his own cost) and full rations. These were provided for adults and minors by the employer according to the scale authorized by the government, at a cost of three annas daily. An infant under the age of ten years was to receive one third of the ration free of cost. Labourers could not move out of the plantations unless they had obtained a pass from the owner/manager. While theoretically they were allowed to practice their culture, the colonial .authorities would step in and stop any cultural activities which were seen as a threat to the peace of the colony, as occurred in 1884, with the Mohurrum (Hosay) celebrations in Trinidad. Educational opportunities for the children of indentured labourers were provided within a controlled environment where schools were built for Indians only, or were located within a certain distance from the estates. By 1900, only 28 per cent of the total Indian population (both free and indentured) was attending schools. Under the commutation grant in 1859, Indians who had completed their five years contracts and seven years residence in the colony, opted for ten acres of land in lieu of a return passage. This scheme was modified in 1873, to offer a choice between ten acres of land or five acres of land and  £5 in cash. A total of 11,933 persons commuted their return passages. In total, about 25% of all those who came, returned to India while the majority settled here. While most of them may have opted to stay because the economic situation in Trinidad was seen as much better than what they had experienced in India, large numbers were forced to stay since they could not afford the return passage or ships were not readily available to take them back to their motherland. The shipping of Indian labourers under the indentureship scheme ceased in 1917, and on January 1st 1920 the system was abolished completely. Those Indians who chose to remain in Trinidad made the island their home. By the 1930s they had begun to organize themselves politically. Economically, there was a movement away from agriculture and into the professions. This moved was stimulated by the prevalence of educational opportunities. Today almost half the population of Trinidad and Tobago is of Indian ancestry and Indo-Trinbagonians participate in, and have impacted on all aspects of national life. The Indians were one of the most capable workers and were of great benefit. However, they were mistreated and taking advantage of. They were short paid for work which required a lot more than what they were given. Their living conditions were terrible, they were forced to live under the most unsanitary conditions which made them prone to a number of life threatening diseases and sickness, they received no form of medical care or treatment and in most cases were left to die. Indentureship was exploited in the Caribbean so the indentured people were treated like they had no contribution to the economy.