TERM PROJECT REPORT SUBJECT: NEXTAP WIRELESS PAYMENTS “White Chocolate” ..................................................... 1. EXECUTIVE SUMMARY The Nextap Wireless Payments project dubbed “White Chocolate” is a mobile commerce solution that provides a comprehensive mobile payment system for commercial laundry services. It is a white label system involving three components: the White Chocolate App for Smartphones made for the paying
Premium Credit card Electronic commerce Text messaging
file or database. Correct Answer: A buffer Question 11 The free payment clearing service that PayPal provides to individuals is called a ____ payment system. Correct Answer: peer-to-peer Question 12 A ____ is a stored-value card that is a plastic card with an embedded microchip that can store information. Correct Answer: smart card Question 13 Some companies have begun to offer small payment and micropayment services through ____ telephone carriers. Correct Answer:
Premium Electronic commerce Payment systems
ATM transactions are ideal for money laundering because launderers can use an account in the U.S. to deposit funds within the U.S. and have another person withdraw (i.e. domestic terrorist) them outside the country. Risk with ATMs involves verifying the identity of an individual for customer that may be out of the financial institutions targeted area. Transactions are usually instantaneous and the destination of cash is difficult to trace‚ especially for individuals smuggling funds to offshore
Premium Automated teller machine Debit card Cheque
7.224.000.000 $ based on the fact that the onliners population is 86M • € 60.200.000‚00 (70% of “online consumers”) use electronic bill payment • less then 20% use e-billing to watch bills (€ 17.200.000‚00) • frequency (recive bill): 10 times a month MARKET POTENTIAL AS A WHOLE è OUR FUTURE GOAL: Growth scenario: comparison between electronic payment systems and e-billing penetration. Trends assumptions according to first possible scenario after the new customization strategy. 120% 100% e-billing
Premium Marketing Electronic commerce Payment systems
Electronic Money 2.3 Electronic Money Payments 2.3.1 Automated Teller Machine 2.3.2 Credit Cards 2.3.3 Debit Cards 2.3.4 Stored Value Instruments 2.3.5 Smart Card 2.3.6 Micropayments and E-Checks 2.4 Wire Transfer and ACH 2.5 Benefits of Electronic Money Chapter Three System Analysis and Design 3.1 Analysis of Existing System 3.2 Design Approach 3.3 System Design 3.4 System Operation Chapter Four Implementation and Documentation 4.1 System Requirement 4.2 Programming Language
Premium Money Computer Payment systems
CREDIT ANALY TICS The Impact of Electronic Payments on Economic Growth January 2013 Prepared By Mark Zandi Chief Economist Mark.Zandi@moodys.com Virendra Singh Director Virendra.Singh@moodys.com Justin Irving Associate Economist Justin.Irving@moodys.com Table of Contents Executive Summary 3 » » » » » » » » Rising Card Payments Drive Economic Growth Study Methodology 4-6 The Macroeconomic Impact of Card Usage Card Payments‚ Private Consumption and GDP Results Differ for
Premium Economic growth Emerging markets Gross domestic product
prepaid card – Cncard. It will demonstrate the impact of Cncard on the Chinese electronic payment system and online game industry. Design/Methodology/Approach – The paper takes the form of a case study. Findings – To do online business in China‚ firms need to consider the payment problem because current e-payment system is not reliable and widely applicable. In this paper‚ Junnet.net‚ a Chinese online payment company specialized in online game industry‚ introduced a collective prepaid card Cncard
Free Payment systems Electronic commerce Massively multiplayer online game
3. SWOT Analysis Strengths Visa inc. operates as the world’s largest consumer payment system and boasts more than 2 billion credit and other payment cards. Besides‚ it also offers the services such as debit cards‚ Internet payment systems‚ value-storing smart cards‚ and traveller’s check. It had been known as the network which connects thousands of financial institutions worldwide. Generally‚ Visa act as a global market leader which brings a lot of benefits over many companies. For instance‚
Premium Debit card Electronic commerce Payment systems
Summary Dexit is a new electronic payment system that designs for low-value transactions. Based on Radio Frequency Identification (RFID) technology‚ customers can use a small electronic tag to pay for goods and services without entering password on a specialized reader at the retail stores‚ which is obviously faster than any other payment methods‚ such as cash‚ debit cards and credit cards. With this high reliable and convenient payment system‚ customers can save much time on waiting queues and
Premium Payment systems Electronic commerce Debit card
BACKGROUND Company: Dexit Inc. is a privately owned company formed in Toronto in 2001. The company’s goal is to provide customers with convenient and easy-to-use electronic payment system that would be an alternative cash for low-value transactions. Product and service: Product/service 1 On registration by filling a form at the Dexit enabled merchant locations‚ on the Dexit website‚ or by calling the Dexit call center‚ customers will receive a Dexit Radio Frequency Identification (RFID)
Premium Marketing Payment systems Credit card