Money Is The Main Way We Measure The Value Of A Company Or Item

I am always interested in relationships between human and objects, especially psychological relationship. Why memento is thought so precious? Would people see same value in between their favorite watch they have keep using for many years and same products that is in the shop?

There is nothing as influential and powerful as the concept of money. As a medium for exchange, money is value given or received in exchange for anything of value. Because money stands in place for value, why is it that gold has been the scale for evaluating money throughout history? Ted Cruz, in a Republican Presidential Debate, answered a question regarding monetary policy. He thinks “the Fed should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold” (Cruz 2015). Cruz aligns “sound money” to gold because gold stabilizes pricing and reduces inflation percentages over the long run. The problem with

An example of this would be the Apple Pay technology. Apple Pay is a mobile payments service and digital wallet application that utilizes Near Field Communication (NFC) to initiate secure payment transactions between contactless payment terminals and devices like the iPhone 6, iPhone 6 Plus and Apple Watch (Webopedia). Apple Pay allows owners of Apple devices the opportunity to add multiple credit or debit cards onto that device and instantly pay at a location by simply placing their device over the scanner. This technology could be implemented into Howard University’s Bison One Card by adding Dining Dollars or Bison Bucks into the application software, thus eliminating the need to always swipe your card at various locations around campus. This would also eliminate the struggle some students encounter of not being able to eat or swipe into the café because they have lost or misplaced their card. The biggest problem Howard University faces with implementing this new technology is the substantial cost. Blue Pay breaks down the Apple Pay implementation costs with prices of the NFC terminals in range from $300 to $500, excluding the cost of additional software upgrades if needed. Depending on which locations, if not all, across campus will support this technology, this cost will surely add up. Merchants must also weigh in the cost of employee training. Employees must understand how to properly use NFC contactless readers to process payments. The training should also include refunds, chargebacks, and cancellations. This cost can vary, depending on the size of the staff. Blue Pay ultimately estimates the total cost ranging anywhere from $1000 to $2000 per unit after factoring in hardware, software and wages (Blue

Apple Inc. has hardware and software products which provide omnichannel devices for other retailers. Apple Inc (2015) shows that the company developed Apple pay which allows

Money can be used to buy food to feed oneself and/or others.People use money to buy take-out food,such as,cheeseburgers from Burger King,pizza from Pizza Hut,Mcnuggets from McDonalds,and much more.Money

Tap your phone to pay and redeem offers, using NFC (near-field communication). NFC payments are currently only available in the United States.

In this paper the idea of ​​being based on human dignity, that is, the value that is given is analyzed, looking at what we conceive as moral and immoral.

Money. What is it? On the surface, the answer to this question may seem awfully simple; money is what we use to get things we need and want. Yes, it is true that money is used to buy things, yet, upon closer examination it becomes clear that this answer is insufficient in providing us with a comprehensive definition. For example, what exactly about money makes it a valuable commodity that can be exchanged for goods and services? This query alone demonstrates just how obscure the essence of money really is. Considering how ubiquitous money has always been within civilized societies, it seems rather odd that its true nature still remains so enigmatic. Furthermore, how very peculiar it is that this social form which has undoubtedly led us to remarkable advances in technology, medicine, architecture, and many more facets of human life, may also be one of our most self-defeating behaviors as well.

Abstract— Near Field Communication (NFC) is a set of protocols and specifications for the wireless exchange of information over a short range and is the next technological stepping towards ubiquitous computing. It builds upon the existing RFID technology. NFC is a set of technical specifications and standards for transferring information between two proximate objects via the inductive coupling of radio frequency fields at 13.56 MHz. This technology will save the time. NFC technology allows people to integrate their daily-use loyalty cards, credit cards etc. into their mobile phones. In addition to integrating those cards into mobile devices, NFC technology brings innovation opportunities to mobile communications. It enables two users to easily communicate and exchange data simply by touching two two NFC enabled devices to each other.

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

Starting now there are NFC chipped cards (e.g. Barclays/Shellfish and Stadium Cards) which can get ready little portions with a 'touch and go ' recognition structure. More credit and check cards will become chipped and fit for using NFC based portion schemas. More shops, excursion goals and portion spots should apply RFID/NFC card portion wanders. This could moreover be joined in cell phones – joining as a Mastercard. These could then moreover become modified, evacuating all physical operations (no convincing motivation to touch and go, basically enter).

In contrast to the use and operation of Bluetooth, NFC does not require two devices to be paired prior to the exchange of information. So, NFC-enabled tags are used in conjunction with NFC-equipped devices. The tags are inexpensive and forward out encoded data wirelessly. After an NFC tag has been encoded with the desired data or action, the tag is ready to be used. Users simply touch the back of their NFC-equipped device against the tag and the device will proceed to launch the specified action (such as a URL, application, or service). NFC tags are usually found in the form of a sticker and roughly the size of the average postage stamp. When

Near Field Communications (NFC) is a set of standards for smartphones and similar devices to establish short range wireless communications. It allows the transfer of information such as wireless truncations using a bank card or sharing photos or videos between devices. Connection can also be possible between a NFC device and an unpowered NFC “tag” which allows users to use a smartphone that is directed to a website or other promotion.

With the advent of smart phones featuring Near Field Communications (NFC) technology, the same device used to make calls and access email can also be used to open office and residential doors, and to even check in to a hotel and go directly to the room without first having to visit the front desk. This capability was first demonstrated by Clarion Hotel Stockholm whose goal was to solicit feedback from guests and employees regarding the use of NFC phones for a variety of services [38].

As shown in the figure 5.2.1, it is the general structure of the token based mobile pay. Users should register their card details at first. These personal account number will be sent to the issuing bank first, the bank will provide the tokenization service and send the token back to the devices. The devices will store these tokens and encrypt it for security. Later, if user wants to do a transaction, at the POS reader part, it will use the NFC technique to read information first. And then, the tokens will be sent to the token server to verify its transaction validity by re-locating the relationship between tokens and PAN and finish the transaction authorization.