Whether it be using cash or a credit/debit card, we spend thousands of dollars each year on various items. Similar to individuals, companies squander up plenty of money as well. However, companies typically primarily on the usage credit cards. Credit cards have developed into a necessity for the majority as it is easier than having to reimburse employees if they pay with cash. Unfortunately, credit cards are a means we should avoid due to the concept that payments are commonly not made punctually…

Mobile payments in Asia Pacific i n f o r m at i o n , c o m m u n i c at i o n s & e nt e rta i n m e nt Mobile payments in Asia Pacific  Contents 2 Introduction from Sean Choi and David Collins 3 Introduction from John Ure and Peter Lovelock 4 Introduction 6 Business models and the m-payments value chain – Business models behind different transaction types – Emerging business models by country – Industry perspectives on m-payments 22 Case…

There Should Be No Credit Cards Introduction Today many people blame their credit card debt on the economy. With their being so little employment with very little income; we are forced to live under our means. Credit is usually misused and accumulates large amounts of debt. Many people use credit cards for daily expenses or to buy their wants rather their needs. Often times, credit cards are used to pay rent, utilities and other daily expenses due to people living off of paycheck to paycheck…

Abstract: In a field experiment, we measure the impact of payment with credit card as compared with cash on insurance company employees’ spending on lunch in a cafeteria. We exogenously changed some diners’ payment medium from cash to a credit card by giving them an incentive to pay with a credit card. Surprisingly, we find that credit cards do not increase spending. However, the use of credit cards has a differential impact on spending for revolvers (who carry debt) and convenience users (who do…

Three Why should payment card security be an important issue for Tom? Restaurants have a tendency to be targets for cyber criminals. These criminals steal and reconfigure the payment card data for their own purposes. At the Heartland Cafe, Tom has a chance to be a target for a cyber attack by being in a high-traffic area. If the customer is compromised, Heartland Cafe will quickly lose public trust and perhaps Tom will lose the business altogether. Extra measures toward risk management should be taken…

know. This is especially true when it comes to accepting credit card payments. As a merchant who is running a business, the last thing you want to hear about is more rules and regulations, but considering the recent EMV Credit Card Liability Shift, there is no time better than now for finally going over some of the basic Guidelines for accepting credit cards. There are a huge number of network guidelines issued for accepting card payments, and merchants are expected to understand them all. Yet,…

Businesses that offer multiple payment options reap the rewards of increased sales and larger profit margins1. Williams Arena, the home of University of Minnesota Gopher Basketball, currently accepts only cash at their concession stands during events. This proposal aims to encourage you to introduce credit card payment options at Williams Arena for the upcoming seasons. Doing this would benefit both the Gopher Athletics’ sales department and the patrons of the arena. After the problem is described…

resolutions! Why You Should Outlaw Credit and Debit Cards We are lucky to live in a society with easy and secure access to our money through the use of credit and debit cards. We 're even given register books to manage the amount of money that goes in and out of our accounts on a daily basis. However, most people are forgoing the hour long process of jotting down every receipt in their wallet in favor of online transaction summaries that most banks provide. Debit and Credit cards are great things, don…

goods or services with a plastic card, there has been complications. Credit cards have a few positives, but the risks heavily outweigh the good. Americans owe a combined 12 trillion dollars’ worth of credit card debt (John Oliver, 2016). The average household in the United Sates owes around $5,700 (valuepenguin.com). Debt should not be something new for American consumers since they already deal with student loan, automobile, and mortgage debt. Since credit card debt is so prevalent, debt buyers…

Credit cards are found in the pockets and wallets of millions of people everywhere, including in those of college students. Credit cards make the need to carry cash or check a bank account irrelevant. All people need to do is swipe their card, and then they will get a bill in the mail in a few weeks. However, if the user does not pay the bill on time, the balance collects interest. Credit cards have become a normality in America and will stay that way because they are so easy to get and simple to…