The G.A.O.S. reviewed First Data business solutions value chain of products and services, and the main segment of the company offers their merchants, financial institutions, government itineraries and small to large businesses in quality credit card processing services. The International businesses expectation of First Data to provide core competencies to develop strong profitable customer relationships in a steadfast market as well as incorporating their technology, allowing clients to pay for goods and services through electronic online payment processing system that is quick and consistent. We reviewed First Data collection of value added solutions offered to it consumers around the world and how the company established confidence among …show more content…
First Data utilize spending patterns as a metric to measure the success or failure of a product or service. G.A.O.S. recommends First Data continue utilizing these trends as a leading force to produce new projects to improve existing product or discontinued it altogether if it causes a financial hardship. In a consultation, John stated projects are created daily around the concept of how can we make First Data products and services stand out among its competitors and how to maintain customer retention. We reviewed several global segments (Global Business Solution, Global Financial Solution, and Network & Security solutions) of business that First Data has invested in to fit their consumers’ needs. Within these three global segments, we studied the company’s best-specialized Clover POS products with an open source of service Clover features: Rewards, Insights, and Online and Security solutions to complement their electronic card processing system. Processes G.A.O.S. reviewed the company electronic payment processing units for functionality and how it is beneficial to consumers growing businesses. Upon our evaluation, we understanding what each payment POS processing units produces and what the company offers to its consumers is an effective product to address the business solution to meet its consumer’s needs. The recommendation, in order for the company to maintain its strategic alliance, is to build an impeccable merchant
Up until this point, Third Star Financial Services has operated via a succession of mergers and acquisitions where systems were inherited but never integrated into the network. Its data management has been virtually non-existent and entirely ineffective. Evidence of this can be found in the absence of an enterprise-wide data management solution and the presence of several disparate systems operating independently with no measurable benefit to the company. Due to a lack of actionable data, management makes decisions based on instinct rather than through analysis. A direct consequence of this is a steadily declining market share and loss of high-level employees to competing companies. Fortunately, this discrepancy has been identified and Third Star executives have established the new goal of modernizing and streamlining operations. Using concepts outlined by the Data Management Association (DAMA), this proposed enterprise architecture will allow Third Star to transform their data from a liability to an asset.
Technology and Information Systems- the Company will continue to expand its e-commerce business in the future. Its e-commerce sales today gross over one billion. Its plan is to focus on continued profitability with online sales. Part of the plan included a full assessment of the online business to analyze the main areas of functionality and online improvements. It will also continue its Omni channel capabilities, which includes shipping to store and in-store pickup exclusively during the holidays. Due to the rapid growth of mobility, over 50% of its e-commerce sales
This memo will discuss ways that technology can be used to improve this organization’s performance. Additionally, it will consider the optimal methods for expanding the business’s online presence to include online sales. This will include information on how to incorporate intelligent systems and security features to guarantee that customers’ interaction with the new system will be positive. This memo will also analyze this business’s current and anticipated technology and information systems and provide option for other technologies or information systems that will be beneficial for the company. In discussing these options, information will be included to show how the options will advance or improve the business and enhance our customers’ experience.
We are heavily invested, both financially and from a human capital perspective, in creating a customer experience that matches our industry-leading products. In recent years, we have implemented new systems to empower our customer account executives to satisfy customer needs. New options allow customers to contact us via web, smart phone, and through their set-top cable boxes to get answers to questions, troubleshoot problems, and pay their
The rates and fees First Data charges are higher than most other payment processing companies. You also have to be diligent about reading the fine print so you don't end up stuck with non-cancellable leases for POS equipment or receiving the proper disclosure for important terms and conditions, etc. First Data is a popular card processing company and certainly worth a consideration, especially if you are a high volume business that can afford to pay for all the high quality bells and whistles they have to offer. However, they may not be ideal for some smaller
With a modest beginning in 2000, we are now a reputed service provider in several associated sectors/communities of the banking and telecommunication industries. We work closely with our clients to help them realize goals and cater to the growing market demands. We believe in "Delivering results more than expected". We have a great client portolio of prestigious global leaders in the relative industries on our sleeves and we look forward to building lasting/ long-term relationships founded on trust.
Business correspondents are the key players in Microfinance sector with technology-based transactions they are provided Point of Sale (POS) devices and doing EKYC through the finger print technology. They use Micro-ATM (POS) handheld device to perform basic financial transactions like Deposit, Withdrawal, Funds Transfer, Balance Enquiry, Mini Statement and other remittance. The below table depicts the POS based transactions during last five year across various
The adoption of Electronic Point of Sale (EPoS), Electronic Funds Transfer Systems (EFTPoS) and electronic scanners have greatly improved the efficiency of distribution and stocking activities, with needs being communicated almost in real time to the supplier (Finch, 2004).
For the reasons of this report, the ecommerce base comprises of the processing assets (i.e., servers, stockpiling, system and capacity switches, firewalls, physical racks containing these, and related programming) that process, transmit, or store installment card information, or can straightforwardly get to such assets. Servers that are a piece of the ecommerce foundation and any frameworks that can generally specifically get to processing assets that contain installment cardholder information must be enlisted as directed machines.
Initiated in 1971, the Federal Express company has been transforming and/or evolving and thus at the moment, it is not just an express delivery company but it has widened its scope from that to being a globally recognized logistics and supply chain management company. (Hill & Jones, 2013), noted that the company, since the launching of the internet in 1994 has largely invested in information technology systems, thus integrating their systems in order to provide services throughout its customers’ supply chains. Federal Express has also built a powerful technical architecture, pioneering it into e-commerce with the investment in the system’s infrastructure throughout the years and
In today’s environment, it is extremely essential for retailers to embrace technology in the course of their businesses. This is mainly because a significant number of consumers can be attracted and accessed through technological measures. It is essential to appreciate the fact that data, infrastructure and e-commerce software form the basis of United Parcel Service’s technological superiority. All these tools play a pivotal role in supporting the company’s e-commerce strategy and the company’s business strategy as a whole. One of the key attributes of United Parcel Service is its commitment to investing in researching emerging technologies. This gives it an exceptionally competitive advantage. United Parcel Service (UPS) consistently seeks to embrace technologies that that enhance the company’s efficiency (Russell Baker, 2008). The company’s commitment to technological advancement made the company appear in InternetWeek’s top 100 companies in 2004 (Russell Baker, 2008). On the other hand, InfoWorld ranked the company as the seventh company with the most significant contribution to technological infrastructure.
The continuous development of Internet leads to the growth of e-commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e-commerce as their feasible alternative in the purchase of goods and
The online payment marketplace is experiencing an explosion of innovative ideas, plans, and announcements, which one commentator has likened to a “goat rodeo”, a chaotic situation in which powerful players with different agendas compete with one another for public acceptance, and above all, huge potential revenues. Others liken the payment marketplace to a battle among the four platform titans Apple, Google, Facebook, and Amazon. Each of these titans have their own versions of a future payment system that challenges the other players. And let’s not forget PayPal, the reigning power in alternative online payment, or the credit card companies who process over 70% of online payments, or the
An online payment processing solution greatly improves the ease of payment via credit cards. Customers will no longer have to make the long drive to brick-and-mortar stores to make their purchases. Instead being able to perform transactions by using any computer connected to the internet from the comfort of their homes.
Diageo’s code for business value creation does involve their tangible assets, however other organizations can easily buy them, so these are rarely the source of competitive advantage. The greatest tangible source that is not easily obtainable by other companies is their own resource to produce raw and unique materials to their own products. Diageo has competitors purchase materials from their owned and operated distilleries and land to make their own product. Intangible assets are difficult to measure and can’t be touched or seen. These assets drive innovation and contribute to Diageo’s success and competitive edge in the market place. Above, examining Diageo’s unique mix of resources explores how Diageo develops certain resources necessary to support corporate strategy. As we have reviewed, Diageo has a purpose, vision, mission and objective, and has strategically implemented internal assets and has the capability and resources to deliver their strategy.