Essays on Payment

Mobile Payment: An Introduction

The mobile payment consists of all modern electronic technologies that are present to the customers in addition to all the payment transaction carried out by the payment service provider. According to Kruger (2001), the mobile-based payment systems are meant for various business transactions that are performed through the cellular phones (Kruger, 2001). It is also called as a mobile payment system (MPS), as “any conventional or new payment system which enables financial transactions to be made securely from one organisation or individual to another over a mobile network” (Shon & Swatman, 1997).
In view of the large number of cellular Continue reading...

Introduction

Disputes in the construction industry or in the process of honoring roles in a construction contract are not uncommon in many countries, a good of example which would be the United Arab Emirates (UAE) wherein the construction industry has been in a stage of boom for the past several years . Some of the world’s Mega structures and other fascinating architectural works are located in this Middle Eastern country. It is one of the largest exporters of oil and petroleum products and this country’s largest city, Dubai, is home to a range of spectacular and grand architectural works. Continue reading...

Management of Payment Systems in a Healthcare Facility

There exist several systems of paying medical bills. The type of payment systems employed in any healthcare facility largely depend on its operational strategies. Moreover, it depends on the financial capability of the hospital and its general customers. In this essay, the main type of payment system that will occur includes insurance. Several individuals tend to apply for medical insurance coverage for their medical needs. This step occurs fundamental in the payment of hospital bills during emergencies. However, the payment claims may get rejected in the process of submitting payments to the healthcare facility after services have been rendered Continue reading...

Avnet INC.

History
The Avnet INC. is a Distributor Company founded by a Russian immigrant called Charles Avnet. Charles started by purchasing parts of the radio and selling the parts to different individuals, especially in the port cities of the United States. With time, he transformed his distribution platform by selling the surplus parts to dealers and manufacturers. Charles Avnet shifted his operations during the Great depression by focusing more on wholesaling. Between 1920 and 1930, Avnet transformed his business by branching out and diversifying by dealing with radio kits in cars and assembly kits in the automobiles.
The incorporation of Continue reading...

Contactless payments such as the use of near field communication (NFL) have been developing over the last few years and have evolved into reliable and secure methods of payment which are gaining acceptance from both buyers and vendors. The contactless mode of payment uses a short range frequency identification chip (RFID) to transfer data embedded electronically in microchips attached to a mobile device such as a mobile phone or a personal digital assistant or a credit or a debit card. The major difference with the contact based mode of Continue reading...

Business

Introduction 3
Literature Review 3
Analysis and Discussion 4
Would you relate the payment to the demands of the job or to the relative performance of individuals doing the job? You should justify your decision and include the following; 4

Discuss the links between strategic reward and organisational strategies, link to total and strategic reward practices and the role of PRP 5

What impact would markets and legislation have on the system 6

Conclusions 8
Recommendations 8

Reference List 9

Introduction
Pay and reward of employees are two inclusive aspects within the operational facet of an organization. Thus, organizational investment into a pay and reward system (PRP) is crucial towards sustenance of performance Continue reading...

- Activity diagram
- Sequence diagram

What are the different Vulnerable Points in an E-commerce Environment?

An e-commerce environment has many vulnerable points that attackers can get to the system. One of the points of attack is the channel of connection between the client and the ISP provider. The attacker can tap this point and make an attack on the connection. The attacker can intercept the communication between the user and the Internet Service Provider (ISP) and use security threats like spoofing to get data from the client. The client will lose money in the process. Another point of vulnerability is the ISP networks. There could be sniffer programs Continue reading...

I have reviewed your memo regarding our client Howdy Brewster which describes his business activities and the recent events which may impact his 2011 Federal Tax Return. Here is a review of the factual information about Brewster which pertains to the income tax questions. His business is an eight hundred fifty acre farm and dairy operation. About 150 Holstein milk cows are part of the dairy operation. Approximately 150 Black Angus steers are raised to sell. Brewster has one part-time employee. He employs his two teen-age sons for the daily farm work. The land has been in the family Continue reading...

As the global economy deteriorates, the median family wealth falls dramatically, and the cost of raising children becomes more and more expensive. Parents are forced to plan their families and have only the children whom they can care for. The cost of bringing up a child stretches beyond food, shelter, clothing, education, health care, and transport. With the increase in the cost of food, gas, health care, education, and so on, child rearing becomes even more expensive. The overall impact is a decrease in family size. This paper analyzes the family size in two countries, Australia and Saudi Arabia. Continue reading...

I have reviewed your memo regarding our client Howdy Brewster describing his business activities and the recent events which have occurred that could have an impact on his 2011 tax returns. His business is a farm and dairy operation on 850 acres of land. The land has been in the family for close to 125 years. There are three existing houses on his property.

Mr. Brewster recently signed a contract with Aztec Oil and Gas Pipeline to allow the company to lease a portion of his land in order to run a pipeline; Aztec will need access to maintain Continue reading...

AN EXPLORATORY ANALYSIS OF SENATE BILL 863

Requirements for the Masters in
Public Policy and Administration
Degree
The thesis of
is approved by
__________________________________

Chairperson

ABSTRACT
California’s (CA) legislature has passed a series of Workers Compensation (WC) reforms during the past 15 years; the most recent, Senate Bill (SB) 863 passed on August 21, 2012. SB 863 was introduced and presented to the California public as a reform bill that would ensure better coverage and easier medical access for workers injured on the job. SB 899 passed during the early 2000s was shown to be better for California’s workers, than SB863. The most vulnerable workers, Continue reading...

With the aid and use of robotics in the mechanical department, the company was in a position to implement and take ideas from conceptual phases to full production in a short period. That meant that the company was ready to not only expand, but also compete for government contracts for exceptional products they would implement. However, for the companies make that a reality, it had to implement and adopt various contracting financing techniques (Newell, 2008). To start with, contract financing, well-defined as the funds transfer from a company that was awarded a contract to the contractor who is the Continue reading...

Law

A credit card agreement is a legal contract between a bank or financial institution that issues the credit card and the consumer who uses the credit card. On the one hand the banks want “freedom of contract,” while on the other hand the consumer wants transparency from the banks and the right to negotiate terms. (Talking, 2009, thecitizens.blogspot.gr) From the banks point of view consumers have the option to accept or to not accept the terms of the agreement. This is true because consumers can theoretically choose to never use credit cards. But from the consumers’ point of view Continue reading...

The Return of Depression Economics and the Crisis of 2008

The Return of Depression Economics and the Crisis of 2008 is an economics book that was written by Paul Krugman. The book is an analysis of the 2008 financial crisis that followed an economic downturn amid huge economic activity in the financial sector of many economies including that of the United States of America. The book further follows and traces integration of the unfavorable economic conditions into the financial crisis experienced in the year 2008. In addition, Paul Krugman considers the parameters that characterize a relationship in Continue reading...

INTRODUCTION

Wireless Communication is a much discussed science in the recent times. A lot of research activities have been carried out in this field due to high demand of low-power & interference free communication technologies. Secondly, the humongous developments in VLSI technologies have enabled low-power & low-area implementation of unique DSP algorithms. Many low-end communication technologies have been introduced so far to cater the requirement of short range & secure communication between endpoints for communication, data exchange and automated commands execution .
Near-field Communication (NFC) is basically a Bluetooth-like short-range wireless communication technology for smartphones and other mobile devices to communicate with each other Continue reading...

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Introduction
A credit card (BC, BCard, Bank Card) is a plastic card that is tied to one or more accounts with banks. Used to pay for goods and services, including through the Internet, as well as cash withdrawal. Cards are debit and credit. Debit cards are used for the disposal of his own money, located in the current account in the bank. Credit cards are used for the disposal of the bank's money, that when making the payment automatically taken from the bank on credit (which is required to repay the Continue reading...

Analysis of Credit Card Debt

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Abstract

Credit card is a bank payment card used for transactions, the settlement of which is derived solely from funds provided by the bank to the customer within the set limit, in accordance with the terms of the loan agreement. The bank sets a limit based on the customer's creditworthiness.
Debit card with overdraft differs from a credit card that requires the use, in the event of a shortfall client money bank.
A credit card can replace personal loans and loans for urgent needs. The main advantage of credit card loans is the ability Continue reading...

Management

Question # 1
10 Different Types of APCs under OPPS
The unit of payment under OPPS in most of the cases is APC. CMS allocates each services of Hospital a common procedure code to APC based on similar clinical feature and cost. The rate of payment and co-payment is calculated for an APC that is applied to each service within in APC. Sometimes newly introduced services are assigned to new technology of APC, which are depend on similarity of resource used, until cost of data are available to permit assignment to APC clinical .
Packaging is the critical feature of Outpatient Continue reading...

Introduction

Business banking refers to any form of financial dealings with a commercial institution those grands loans business entities, credit and saving accounts, and checking accounts for companies that exclude individuals. Another term for business banking is commercial banking.

The commercial banking defines the division of a bank that only deals with businesses. In comparison, a bank that details with individuals is called retail banking. Similarly, a bank that trades in capital markets is called in an investment bank. In Australia, the Banking Act of 1959 did not provide a clear a definition of the word bank (Wentworth, 2003). The Continue reading...

International Finance

A floating currency refers to a system of currency valuation where by the exchange rate of a country’s currency depends on the supply and demand of that currency relative to foreign currencies. Floating rates of exchange usually vary freely because they are determined by trade activities in the forex market. A floating system of currency valuation is the complete opposite of the fixed rate of exchange. The fixed rate of exchange regime is where by the rate of exchanging the currency in relation to other foreign currencies is set at a constant rate.
Countries can either choose the Continue reading...

1.1 Introduction
Construction forms are necessary since they provide a detailed history of the construction process from the planning stage up to the completion stage. The contents of these documents highlight the decisions and activities that together comprised the construction process. Therefore, when properly prepared, these documents provide an accurate history of construction projects. In essence therefore, construction documents facilitate monitoring and evaluation of construction projects. In addition, they can be used as evidence when disputes and litigations arise (Hyland, 2005, p.68).
2.1 Application for payment
2.1.1 Explanation of the Form
Once in the construction phase, contractors can request for payment from the owner by preparing the application for payment form (Demkin, 2008, pp.588-589). Continue reading...

Mobile payment took the center position immediately the banking institutions realized it. Its discovery emerged a few years ago when smartphones we innovated into the markets. Nowadays anyone who owns a smartphone has access to mobile payment transactions. Mobile transactions keep increasing by day due to move of people from desktops to tablets and smartphones. Everyone want go mobile where one can access all his financial services and other benefits through a hand gadget called a smartphone.
With mobile payment, people can buy and sell anything anywhere as far as one has access to smartphones, tablets and laptops. Businesses Continue reading...

Third-party bill payment services, such as BPay of Australia, provide people with a secure, fast, and convenient way of paying their bills through various financial institutions, such as credit unions and banks (BPay 2013).
This type of technology offers many opportunities from the business perspective. Due to the convenience and ease provided by this technology, there is no doubt that most people would want to pay their bills through it, which can be considered a “one-stop shop” for all of their bill payment needs. Aside from the convenience it provides, this type of technology will also enable people to Continue reading...

As a business owner, if I had limited resources in e-commerce, I would focus on payment processing. Payment processing has to do with the service and process that facilitates payment transactions in a business. These payment transactions can be between the shoppers and business or the business and its suppliers. Payment processing usually involves a system of computer applications and processes that authenticate and approve payment transactions between all the parties involved in a business transaction. I would focus on payment processing because payments are crucial for the success of any business. Payment transactions ensure that a business remains Continue reading...

Query 1. In most major contracts, contractors negotiate for advance payments, which ordinarily range from thirty to fifty per cent of the contract value. This poses the risk for the buyer. To address this risk on advance payment to supplier, RTE should ask for repayment or advance payment guarantee assuring the repayment of the down-payment in the vent of non-performance. They are issued for the full amount of advances. The specific risk covered by repayment guarantee is ordinarily described in general terms, namely non-performance. Accordingly, the text of most repayment guarantees does not indicate whether the beneficiary can only Continue reading...

Introduction

Critics of executive compensation have brought up several controversies. Any individual involved with regular executive compensation such as CEOs and human resource heads should be in a position of answering any controversy-related questions, thoughtfully and knowledgeably. Organizations approach the executive compensation decisions in their own ways, in relation to the organization’s circumstances, beliefs and values. CEOs and trustees make decisions that they think are most appropriate for their organizations (Fuchita; et al. 2010). Trustees have the onus of governing executive compensation with the aim of making sure the decisions made are wise through community leaders that are well Continue reading...

The formula for calculation of payment per month is PMT = P X (APR/n)/ [1-
(1+APR/n)^ (-ny), where p is loan taken, APR is rate of interest is always equivalent to 1

Payment in two different cases, first one normally and then consolidating all the loan

Amounts together and calculating the effective payment required to be done along with
Proper comparison between the two kinds. The objective of doing that is to hold a picture
About pros and cons of consolidation and why someone should go forward with
Consolidation. The situation is:
$15,000 with an APR of 8% for 15 years
$10,000 with and APR of 7.5% for 20 years
$ Continue reading...

Introduction: Dividend Policy

In the business platform of today, there is very stiff competition between companies. This is because of the increased number of organizations coming up every day making it difficult to survive in the market. In order to survive in the market, organizations need a strong financial background so that they can gain a competitive edge over their rivals. In a bid to achieve this, organizations go public and sell shares to them at a cost. In lieu of their investment in the company, the shareholders of the company are then paid a share from the annual profits of the Continue reading...

Introduction

This paper entails a business plan outline for an e-commerce business which will operate under the name Decca Galleria. The business entails the sale of various forms of artwork which include paintings, assorted furniture, and many other similar antique products. This entity will operate entirely as an online business, which will target both local and international customers in its operations. The business plan for this entity is highlighted in this paper, and it includes an in –depth analysis of the various components that will influence directly the success of the venture.
According to Laudon and Carol (67), the e-commerce Continue reading...

Law governs many different areas of business. The study of business law also involves acquainting oneself in ethics applied in decision making. Moral minimum is standard for ethical business behaviour and means compliance with the stipulated law. The law does not evolve simultaneously with global advancement and for these reasons; we have grey areas in the law. This area is when the law is quiet on the legality of an action. Many diverse laws affect a single business transaction. Organizations and service providers owe a set of ethical duties to shareholders, suppliers, community, employees and most importantly its customers. Continue reading...

THE HEALTH CARE MARKET

Qn 1
Access to health care services varies from state to state. In the U.S, healthcare services have tremendously evolved from a predominantly volunteer or charitable system where patients paid little or no money at all to business entities (Ameringer, 2008). The healthcare industry is now one of the largest industry employing over 13 million workers with a projection to increase by 5 million by 2015. According to Ameringer, its very unfortunate that the health system problems lie with delivery system that drives low quality and inefficient care in a country filled with latest technological advancements and skilled health Continue reading...

Introduction

The legal system is present in all aspects of our lives to ensure that everything in life is fair and is done with a particular protocol. The labour market is not exempt from laws. It is an area that especially needs legality for it to function properly. Employees are otherwise powerless in determining their wages and treatment. Laws ensure that they have power and a voice. Without legality, the labour market will be a flood of unfair payment under unscrupulous employers.

Law in remuneration

Laws directly affects remuneration of employees in both public and privates sector. Laws stipulate how employees ought to Continue reading...

Accounts Payable and Receivable for HealthCare Finance

In healthcare, most of the services are paid for after they have been provided. This makes it necessary for healthcare providers to establish a reimbursement system that fits their individualized operational needs. Various reimbursement methods have developed. Examples are the Prospective-payment systems, Cost-reimbursement systems, Discounted-charge systems, and Flat-rate reimbursement system (Abbey, 2009, p. 3).
a) Prospective-payment systems
This payment mechanism was created by the Centers for Medicare and Medicaid Services. The payment mechanism bases most of the hospital bills on the diagnosis of the patient at the time when they are being admitted. Payments are based on predetermined fixed Continue reading...

Introduction

Analytically, Softwood Ltd has been experiencing growth in the recent years thanks to its large client base. In its effort to expand, the business should make sound financial decisions to avoid a possible decline of its current position.

In their endeavor to expand, Softwood Ltd has various sources of finance to rely.

1. Internal sources
Internal sources encompass all sources of finances within the company. These could be retained profits, proceeds from sale of furniture of the company’s property and personal savings by the owners of the venture (Dlabay, 2008).Examples of internal sources are;
- Retained profits
- Tighter credit control
- Reduce inventories
- Delay paying trade payables
2. External Continue reading...

Introduction

Analytically, Softwood Ltd has been experiencing growth in the recent years thanks to its large client base. In its effort to expand, the business should make sound financial decisions to avoid a possible decline of its current position.

In their endeavor to expand, Softwood Ltd has various sources of finance to rely.

These sources can be divided into two
1. Internal sources
Internal sources encompass all sources of finances within the company. These could be retained profits, proceeds from sale of furniture of the company’s property and personal savings by the owners of the venture (Dlabay, 2008).
2. External sources
External sources ,on the other hand, encompass all sources from outside the Continue reading...

Question 1

Workings:
Beach Director
Annual salary = 47,000
- Social security payment

Payable up to $45,000

First 3 months = 312 × 45,000 × 7.51% = 844.875
Last 9 months from 1 January = 912 × 45,000 × 8% = 2,700.00

Total social security payment 3,544.875

- Health insurance = 1,250. Beach Director is entitled to full health insurance since the FTE is 1.
- Life insurance benefits
0.85% of annual salary
0.85% × 47,000 = 399.50

Assistant Beach Director

Annual salary = 35,000
- Social security payment
Payable up to $45,000
First 3 months = 312 × 35,000 × 7.51% = 657.125
Last 9 months from 1 January = 912 × 35,000 × 8% = 2,100.00

Total social security payment 2,757.125

- Health insurance = 1,250. Continue reading...

This is a bilateral agreement entered into betweenandas of today The seller referred to hereby is a business person operating a business retailing in mobile phone accessories in the state of California. The buyer hereby referred to is a student at the University of California. The contract regards the sale of a mobile phone.

With regard to this mutual covenant, the parties agree as follows:

The seller agrees to transfer to the buyer, possession of a mobile phone, Nokia Lumia 520, on hire purchase terms, at a hire purchase price of $190, upon payment of a deposit amounting to $85.

Terms of installment payment:

After payment of the aforementioned deposit, the buyer agrees to Continue reading...

Bitcoin is purely peer-peer electronic cash that makes it possible for online money payments to be remitted directly from one party to the other without having to go through financial institutions. With bitcoin, digital signatures are considered part of the solution but the problem arises when the trusted third party is needed to curtail any form of double spending. The solution to this double spending lies in bitcoin; this is because it timestamps transactions by hashing them into a hash-based work proof. This makes it form a network that will not be altered unless the proof-of work is redone. Continue reading...

The term mortgage is a French word meaning death contract. Be not fooled into thinking that it is a contract of the dead. This means that the contract only expires when it is repaid in full or when the property is taken away. The loans are suitable for individuals who wish to own property that they may be unable to afford. In this case a home. The details usually put down by the mortgage loan provider as below.

Extra costs to maintain the house

The extra stuff that the buyer would have to offset include: electricity, maintenance costs, security and lastly water bills. These are Continue reading...

Answer 1(a):

CREDIT CARD MARKET STRUCTURE
The functionality of a credit card revolves around a well managed system. It is a mode of payment based on a promise between the bank and the holder of the card that he / she will make the payment in the future.
In the highly competitive market of today the bank intends to maximize its customer share by promoting the use of credit cards more and more. They do this by minimizing the limits off the card to ensure maximum usage. The more customers purchase using credit cards the more beneficial it is for the Continue reading...