Essay On Smartcard System

The admission accumulation framework is a key interface between a travel office and its travelers. It straightforwardly influences the manner by which travelers encounter and see the travel organization and its administrations. By and large, the travel traveler expects an admission framework that:

The emergence of low cost airlines and their business models have fostered several changes within the tourism and travel industry as well as are having a tremendous impact on travellers’ behaviour. This increase in the travelling has a positive impact on the growth of various airlines. The development in the tourism industry especially in Europe over the past few years reflects this fact. Cultural changes towards travelling will benefit

Technology innovations and breakthroughs have forced businesses to adapt or risk losing customers to the more agile and flexible competitors. According to Dulipovici & Vieru (2015) new technologies are moving businesses into the virtual realm. Customers are able to use a smartphone to make a purchase with a credit card and have it shipped to a location anywhere in the world. Technology has allowed hotels and airlines to install do-it-yourself kiosks to expedite reservations. This has helped these two critical service industries to streamline operations while improving service to consumers.

Travel started to develop as a business many years ago. This industry began, when the ancient and rich inhabitants of Phoenicia, Rome, Egypt, Greece, and China; out of curiosity and a sense of adventure, about their surroundings, began to travel. Today tourism is a billionaire industry that serves the needs and wants of millions of domestic and international tourists. There is no doubt, that capitalism has played an active role in the developing of this powerful enterprise. However, when this business began, only the rich populations were able to enjoy their summers on the coasts and countryside. As these powerful people continue traveling, their servants have to cater for their patrons travel and accommodations needs and wants. As the Roman Empire decline, this business endured a backlash. In Central America the Incas had to travel to trade with the different racial groups, which were part of their empires to trade and collect taxes from their peasants.

Cubic Transportation Systems (CTS) is a company that integrates payment information and related services for public transportation systems around the world. Cubic has designed and engineered the smartcard technology used for some of the world’s largest public transport systems including London, Vancouver, Sydney, Chicago and New York. The company’s primary products are ticket machines, smartcard readers, fare-collection gates, transit customer support, real-time passenger information and predictive analytics. Recently, CTS has also made the move into the electronic tolling industry.

Smart Card LLC did not specify its pricing strategy. A comparison of price strategies with the competition was not discussed either. One aspect not considered is that smart card users will need to update their current technology in order to benefit from the company’s product. This could require significant capital which only specific company’s would be willing to pay. This severely limits the potential market size and must be factored into its pricing plan.

There are many recommendations that it has to consider for the next three years. For instance, it has to reduce its cost to the customers. This will facilitate in ensuring satisfaction of customers as a result of affordable prices. Second it should establish other travel branches in different parts of the world the organization may use $3000 for the expansion. This will facilitate in attraction of a large market share which will result to increased profit. The organization should also ensure that it advertise all its services through various media services that will meet many customers with an aim of convincing them to prefer their services as compared to those if other organizations.

This report will discuss what technology and innovation is and how important it is for firms to manage their technology to expand their growth potential. In addition to this, I am the current technology analyst at the Hunzal Logistics and Supply chain Management Company. The current technology we use to handle our logistics and flow of goods in our supply chain is the traditional barcode reader technology. This technology has been used for over 15 years now in Hunzal. The current CEO of Hunzal has seen discussion in the logistics and supply chain industry of this new radical technology known as the Radio Frequency Identification Device (RFID) and how it has benefited companies in significant ways. The CEO of Hunzal has given me the task to update him on the RFID technology. This report will investigate and propose how RFID is more beneficial than the traditional barcode reader system.

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With the implementation and adaptation of EMV card payment transaction protocol in October 2015, liability rests firmly on the shoulders of the responsible party in the transaction change with the

After review of the customer’s website, services offered, and over goal, the Market feasibility does not make sense. The market is saturated with competition such as Visa, MasterCard, Discover, AMEX, Rush Card, and many more. The company does not appear to have done the necessary research to determine the whether there is a need for this service in the market. In addition, this would hint to the fact a proper business plane was not completed and reviewed. Their validity of market acceptance appears to be assumed versus researched and studies.

Companies must have the resources and dedication to maintain their customer base while finding ways to increase it. Several investments should be considered to achieve this goal. Industry leaders such as MasterCard International, Visa Inc., and American Express are considered leaders in the payment sector. According to figures from 2014, American Express, Visa, and MasterCard made approximately $58 billion dollars combined [1]. What are some steps taken to achieve these results? MasterCard International has achieved this status by investing in analytical tools, mobile applications, and other wireless programs. This paper examines some of these standards set by MasterCard. The purpose of this study is to analyze existing standards and propose additional methods to increase revenue.

Magnetic secure transmission employs the technology of electromagnetism to transmit payment card data to payment terminals that are equipped with traditional magnetic stripe readers. This essentially turns every traditional point of sale terminal that’s used for swipe card transactions into a potential contactless payment system without the need to modify or upgrade the hardware. The MST technology was developed by LoopPay, a small development company that was acquired by Samsung in February 2015 and is the driver behind Samsung Pay. Electricity is passed through a small metal coil inside the smartphone which generates a magnetic field that can now communicate with standard magnetic payment card readers. The phone can now emulate the physical process of swiping a card through the point of sale terminal allowing for the same familiar transaction process without the need to produce and swipe the actual card. The

Research Statement Due to the barriers of smart cards usage including, the high cost value, the

Globetrotting Hotels is an example of a Virtual (pure-play) organization i.e. organizations that conduct their business solely online (Turban E. , Lee, King, McKay, & Marshall, 2008), and for this reason e-payment is assumed to be the sole means of payment.