2.4 Advantage and Disadvantage of E-Banking:- The electronic banking has various advantages than the traditional banking system which is simple and convenient for the users. The advantages are- (i) Electronic banking is easy to open and operate by general people. (ii) One can easily pay their bills and transfer their money without any problem. Because of this people don’t have to stand in long queue and keep their receipt safely as transactions are viewed by the person at anytime
However, it does more than that, because you can now use it as a wallet. Yes, for the benefit of the doubt, smartphones now have a feature wherein you could connect to your bank and access your money so that you would be able to use it to buy something online or at stores who accepts mobile wallet. But then again, just like everything else in this world, no man-made object is perfect, so that
Contents Introduction 2 History of the On-line Payment System 2 Payment Service Providers 3 Credit cards 3 E-wallet 3 Online Bill Payments 4 Online Bank Transfers 4 PayPal 4 Benefits of using E-Payment: 6 Customer confidence in Payment systems 6 Reliable protection when using Payment Systems 7 How do customers benefit? 8 Drawbacks of On-line Payment Systems 10 Card Holder Based On Biometrics: 11 ONLINE BANKING SERVICES 12 Disadvantages of Banking Services 12 Small and Big companies
services on credit. They are one of the most popular online payment methods as they are so easy and convenient. Credit cards electronic nature allows customers and e-commerce stores to pay and receive payment immediately.
CIA Consulting proposes the Target Wallet as a way to improve Target’s sale throughout all sections, especially in home goods. This chart shows the sales by product category in 2013 for Target. https://corporate.target.com/annual-reports/2013/financials/financial-highlights Target Wallet aims to achieve three key objectives: Make guests more loyal. Make guests safer. Make guests save more. In order to make guests more loyal, Target Wallet will provide an easier way for guests
national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. Demonetization refers to an economic policy where a certain currency unit ceases to be recognized or used as a form of legal tender. In other words, a currency unit still loses its legal tender status as a new one comes into circulation. OBJECTIVES To study the advantages of demonetization To know the disadvantages
Card Wants To Replace All the Plastic in Your Wallet We live in an era where everything we want should be compact and easy. No one wants to work extra by carrying anything that’s big when you can just carry something compact, which is simpler. Wallets were made, so that money (cash) can be kept together instead of just keeping it in pocket. The payment card is a huge invention instead of carrying cash in your wallet for payment. Why carry fat wallets with all your cards and mule about it? Imagine
history. 2) Checkout Increase online sales using Google Wallet New! Google Checkout is now Google Wallet for buyers. Google Wallet is a fast, secure checkout process that helps increase sales by bringing you more customers and allowing them to buy from you quickly and easily with a single account, online or in-store. Sell worldwide. Attract buyers in over 140 countries to purchase your goods and services online using their Google Wallet. Convert more sales. A fast, convenient checkout process
Advantages of Cashless Transactions There are several advantages of cashless transaction given by Olusola et. al., 2013 are discussed in detail as follows: a. A lot has been said about the convenience of electronic cash, the time it saves for individuals, and the ease of access resulting in money being instantly available without having to be carried around while currency exchange will be largely unnecessary. b. A cashless society will experience a high degree of control as the move from cash to
Staple’s competitive advantage in the online marketplace? The critique team agrees that Staples.com’s competitive advantage in the online marketplace is Staples’ brand name. The analysis team correctly points out that 75% of the market is being served by generic retailers, so that Staples.com can use Staples’ brand name to better reach into that portion of the market. Staples has an established customer network under its brand name from which Staples.com can gain wallet share. Staples.com also