Why it can be risky to provide credit card information over email/internet? Do you think, using a credit card of local business is risky? Why? Why not?
Q: Overall, do you believe that extending credit to customers is a good business practice? Why or why…
A: Credit policy: It is the policy of the business to provide goods and services on credit to its…
Q: if you are unable to pay your credit card bills what can you do?
A: Aside from the amount owed and the specifics of the current month's expenditures, the credit card…
Q: similar vein you could study how cash restrictions affect practices of individual bank customers.…
A: when talking about restrictions imposed by they bank on the customers they are various difficulty…
Q: Comment on how to prevent cashier fraud in retail chain stores in the future.
A: Fraud: Fraud is gaining unfair benefits by doing something illegally such as "fake statement",…
Q: Why is it important to choose checking and savings account that suits you best?
A: A checking account is that account which is for day to day spending. This is the account where the…
Q: As a helpful amenity for customers making electronic payments, certain credit card issuers provide…
A: Virtual credit cards or credit card numbers that can be used only once are increasingly becoming…
Q: Is it ethical to use a company credit card to make an online Internet purchase if you will reimburse…
A: Companies provide corporate credit card facilities to the employees to facilitate the payment for…
Q: True or false: An example of a soft inquiry would be a credit card company looking into your credit…
A:
Q: 16) Which of the following is a reason that financial institutions want consumers to use de cards?…
A: A debit card is a electronic card that deducts money directly from a consumer's account to pay for…
Q: You decide to start a business selling covers for smart phones in a mall kiosk. To buy inventory,…
A: A bond is an instrument that represents the loan that is made by the investor to the company and…
Q: What is the relationship between data, information and an information system? How is a credit check…
A: Requirement 1: What is the relationship between data, information and an information system?…
Q: What is a wholesale bank? How does it differ from a retail bank? Also, provide 2 examples of…
A:
Q: Which of the following facility a Mobile Banking customer cannot use?
A: Mobile banking service is a service which is provided by a bank to its customers. This service…
Q: Paying bills through online banking on their due dates is an acceptable way to maintain excellent…
A: By paying the bills on time ensures that an excellent credit rating is maintained. Any delay in…
Q: How can bankers be spotting potential fraud among the loan granted
A: Bank loan means the loan given by the bank to the borrower. This loan can be provided for short term…
Q: it important to keep a record of credit card numbers separate from the cards?
A: Step 1 Information can be stolen, and usually, almost anywhere you do business. Most people are…
Q: How is a credit check in the advanced technology system fundamentally different from a credit…
A: Definition: Credit check: Credit check is defined as the process of examining the financial…
Q: Which is a disadvantage of using an ATM in place of a bank? O limitation on withdrawal amounts O…
A: ATM has played an important role in the lives of the people in terms of banking function. ATM…
Q: Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would…
A: A credit card refers to a short-term financial product. It provides the short-term debt funds at a…
Q: Which of the following describes one of the differences between a debit card and a prepaid card? O…
A: Debit Card It is a payment card issued by the bank that deducts money directly from the consumer's…
Q: Which of the following is not a reason for the Jones Hardware Store to accept credit cards from…
A: the benefits of credit cards payments are : 1. faster payments 2. attractive offers 3. default in…
Q: Internet banking, also known as online banking or e-banking or Net Banking is a facility offered by…
A: Corporate banking is referred to as the subset of the business banking, which helps in involving the…
Q: If you look, usually at the door as well as maybe the teller stands, when you go into your bank, you…
A: The question is based on regulation of banking insurance.
Q: Hello, I having difficulty in writing on the topic below. Need some pointers, please. "Describe…
A: The customers are the main asset or the vital factor for the existence of a bank or lending…
Q: What bank regulations are designed to reduce moral hazard problems created by deposit insurance?…
A: Bank regulation is defined as the government regulation form that is subjected to requirements,…
Q: Which is a disadvantage to using an ATM? Select all that apply. V Banks may charge processing fees.…
A: ATM stands for automated teller machine which is allow bank customers to make transaction like mini…
Q: Why it can be dangerous to provide credit card information over the internet? Does it stop the risk…
A: Credit card : In simple words, credit card refers to a modern currency medium under which the…
Q: Critically elaborate on any four (4) implications of credit card fraud?
A: Credit card fraud refers to the unofficial or unapproved use of the card individual or person in…
Q: Online Banking is a product that becomes increasingly important with the increase in online…
A: Online banking also known as internet banking is used by corporates and also by individuals to…
Q: Which of the following is a benefit of online banking a business can reconcile to the banks balance…
A: The company's aim will be to increase the profitability of the company. The profits can be arrived…
Q: Typically, you will receive a very low-interest rate on money you deposit in a bank. Interest rates…
A: A business loans are loans that is intended primarily for business reasons. As with all loans, it…
Q: Which of the following credit checks would be considered a soft check? A. Vehicle loan application…
A: The soft check would take place when there is a credit report is required as well as it also checks…
Q: overdrafts and overdraft fees
A: A bank is a type of financial institution which is licensed for the purpose of receiving deposits…
Q: Why might it be shortsighted to bluntly refuse lending money or issue credit cards to people without…
A: Less-than-stellar credit: It is the credit information of the borrower that is incomplete or very…
Q: BigBank is a new online banking system that aims to provide customers with easy to use accounts and…
A: Answer: The correct option to this answer is option (a) Normal
Q: What is a key prerequisite for using electronic bank account management (eBAM) to reduce paperwork?…
A: Electronic Bank Account Management (eBAM): When banks use an automation system to open, maintain and…
Q: scenario for which you, a high school senior might use a certificate of deposit (CD)
A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…
Q: Bank can be a source of short-term funding in terms of credit card applications. These fundings on…
A: Credit cards are issued by banks to individuals with good credit score. The individual to whom the…
Why it can be risky to provide credit card information over email/internet? Do you think, using a credit card of local business is risky? Why? Why not?
Step by step
Solved in 2 steps
- Why it can be dangerous to provide credit card information over the internet? Does it stop the risk if you only use credit card at local business?What are the advantages and disadvantages of using a credit card?How do sellers benefit from allowing their customers to use credit cards? Do sellers bear any risk if their customer does not pay their credit card bill?
- Many people are still afraid and hesitant to utilize online payment systems or digital banking to pay for their bills, exchange money for their desired goods and services, and rely on the manual, face-to-face payment system. How would the banks encourage more people to lessen their doubt about these methods and utilize the modern payment system for safer, faster, and more efficient transactions? Support your answer using at least two concrete examples.Advantages and disadvantages of accepting debit and credit card transactions as opposed to accepting personal Cheques from customers? (Consider both internal control and business reasons)What are some benefits to a business in accepting credit cards and debit cards?
- DQ 1: Electronic Payment Systems: What are the differences, and the benefits and the risks, of payment systems that are designed for cyberspace? Which requirements of negotiability seem unnecessary for an online transaction? Is there any part of the HDC (holder in due course) concept that would need to be changed to adapt it to an electronic payment system? DQ2: Electronic Transactions: Should only banks and regulated financial institutions be allowed to issue ATM cards? Why or why not? How else might the government regulate digital funds to reduce the potential for cyber laundering? Is private electronic "cash" legal? To what extent should private authorities be liable when a fraud is perpetrated in the context of an electronic transfer of funds via the Internet? Is the current law sufficient in this regard? If not, what changes need to be made? DQ3: Reorganization: What can a small business do to prepare for a reorganization or business restructering? DQ4: The…What should you do if your Debit/Credit is lost or stolen? Why?Banks? Banking Online? Is Banking Safe?
