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Essay On Patient Billing
It is important for billers and coders to be familiar with software programs because the healthcare
industry is switching over to computerized patient documentation (EHR and EMR) and
computerized insurance carrier billing for services and equipment, as well as computerized benefit
and coverage verification. These types of healthcare facility specific software programs fall under
the generic heading Medical Practice Management Software. Obviously some medical facilities are
further along in the actual use of all the medical practice management software that is available, the
financial incentives from Medicare and other insurance carriers for implementing such software and
the long–term advantages that come with its use pretty well ... Show more content on
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This system allows patients the ability to schedule appointments themselves online, or have a
telemedicine encounter. It also will email and/or text them appointment reminders and send consent
forms through the patient portal and store them in the EHR. Next–day appointments automatically
have insurance eligibility and benefits run with alerts for any issues. This system is iPhone and iPad
compatible, is accessible via the cloud, and boasts that it has "the highest levels of data security
available" (Software Advice, Inc., 2017). AdvancedMD is browser agnostic, can run on Mac and
Windows, and also runs on almost any device. PROS: User–friendly software; video training library
for each software function; adds new functions regularly; easy to use, well–organized billing
program; payment posting feature integrates EOB info; customizable to individual practice/user;
meets Meaningful Use requirements; automated insurance eligibility verification. CONS: Does not
automatically upload or update the DMEPOS Medicare price list; high cost; many users complain of
poor tech support; occasional slow–downs processing; does not work well with Google; one user
complained that the regular upgrades freeze the system for extended periods of time and that
affected timely claim submissions; encounter notes open in Word documents, not in the software
program; software cannot prompt prescription refills.
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A Report On Management Information System
Management Information system is an online database of financial informational organized and
programmed that works to produces regular reports on operations for different level of management
in a company. It can also be used and developed special reports for daily operations. Another
purpose of MIS is to give feedback to the managers about their performance; and give the top
manger oversight to monitor the whole company. Information shown by MIS shows the actual data
over and against planned results from a year ago to manage the progress and goals. MIS use routine
reports that are programmed and ran in intervals or on demand while others are obtained using
built–in demand languages; displayed functions built into the system used for the ... Show more
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Other airlines followed suit, creating their own systems. For example, Delta Air Lines launched the
Delta Automated Travel Account System (DATAS) in 1968. United Airlines and Trans World
Airlines followed them after in 1971, with the Apollo Reservation System and Programmed Airline
Reservation System (PARS).
The problem following these systems being developed is that travel agents begun to push for a
system that would automate their side of the process. Fearing this would place too much power in
the agent's hand. American Airlines executive Robert Crandall proposed creating and industry–wide
computer reservation system to be a central clearing house for U.S Travel. In 1976, United began to
offer their system APOLLO to travel agents so it wouldn't let them book tickets to United's
competitors. After this, other companies started following suit and release their systems to travel
agents. If we fast–forward to today, the systems that were developed by the airline companies have
been crashing. One story recently showed in November of 2016, "Airlines report problems as
booking system goes down", the computer booking system used by major American Airlines had a
malfunctioned back in November. The system, known as Sabre said the outage happened in the
middle of the day. It wasn't immediately clear how widespread the outage was. It seemed that only
passengers at John F. Kennedy International Airport in New
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How Digital Bangladesh Must Be Jointly With A Coherent...
 Digital Bangladesh must be activated by 2021 to develop the intensive technology based banking
system to move forward modern banking sector in Bangladesh.  Successful team building with a
coherent manner for developing human ware, hardware, software and web ware are required to
increase e–banking in a systematic way.  Greater emphasis should be put on security system and
on preventing fraud so that any sort of financial transactions including on–line banking payment or
any other electronic fund transfer can be properly handled.  Banks in Bangladesh should review
their business strategy and create the required space for adopting technology driven banking. 
Fortify ICT department through providing training to IT employees and procuring essential
hardware and software.  Career path of hardware and software engineers should be properly
designed. Otherwise professionals will be de–motivated and they won't work with job satisfaction in
modern banking sector.  The management of the private commercial banks and nationalized
commercial banks might allocate a part of their yearly profit for ICT penetration in banking
activities and human resources development. They may also extend those services to the rural
people of Bangladesh so that the rural people can also get the benefit of technology driven banking.
 Create separate unit in each branch for rendering ICT related operational activities under the
supervision of the ICT department.  To increase awareness of the
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Impact of Industrial Development on Nigeria Stock Market
Impact of Industrial development on Nigeria stock market.
The potentials of capital market in Nigeria as a catalyst to economic and industrial development
cannot be over emphasized. The capital market as an internal part of a country's financial system
operates at the long end of the system to mobilize resources for long term development and growth.
Basically, the capital market accelerates growth by providing ,relatively long term capital – debt and
equity finance – for government and corporate sector. Several factors are said to contribute towards
economic and industrial development of a country. These factors includes the availability of human
(skilled and unskilled labor and material, land ,capital and technology) resources ... Show more
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For example,the South African stock market has about 650 listed companies while South Korea
market has been traced to apathy of Nigerian entrepreneurs to go public due to the fear of losing
control of their businesses. Another factor is the weak private sectors which is a serious constraint
militating against healthy growth of the stock market.
11. The problem of stock market relates to the degree of access,which investors have in buying ,and
selling of stocks in such a market. The more liquid in the stock market is the more the investors will
be interested in trading in the market. The lack of adequate number of investors in the Nigerian
stock market is a reflection of problem of liquidity in the market. At an average ratio of 2 percent
per year,the turn–over ration, a measure of the value of share traded relative to local market
capitalization is very low in Nigeria compared with 100 percent,9.0 percent and 4.6 percent in
Botswana,Zimbabwe, and Mauritania respectively. The low trading activities are also a result of the
ownership structure. Until 1995, when the Nigerian investment Promotion Commission Decree 16
and the Foreign Exchange ( Monitoring and Miscellaneous) provisions Decree 17 were promulgated
to replace the Nigerian Enterprises Promotion Decree of 1989 and Exchange Control Act of
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Electronic Payment of Salaries of Staff to Nigerian Civil...
ELECTRONIC PAYMENT OF SALARIES OF STAFF TO NIGERIAN CIVIL SERVANTS
PROBLEMS AND PROSPECTS
T. A. NGEREBO–A,Ph.D
DEPARTMENT OF BANKING AND FINANCE,
RIVERS STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY,
PORT HARCOURT,
E–MAIL: oniminp2002@yahoo.com
AND
SUNDAY C. NWITE
DEPARTMENT OF BANKING AND FINANCE
EBONYI STATE UNIVERSITY – ABAKALIKI
E–mail: nwitewhite2006@yahoo.com
ABSTRACT
Electronic payment of salaries to staff is a new development in the country. Electronic payment is a
process of making payments online through the use of ATM, Debit cards, credit cards, electronic
cheque conversion. Electronic payment of salaries was introduced so as to monitor ghost workers
among the civil servants, to prevent unnecessary expenses ... Show more content on Helpwriting.net
...
This has been due to four related factors:–
1. Proprietary closed network were developed by banks to handle large and increasingly
internationally based payment system.
2. Large value payment are increasingly associated with foreign exchange and global security
transactions thereby becoming divorced from underlying world trade.
3. Large value payment system were not designed nor are they cost effective for small value
payments.
4. Paper – base–non–automated payment systems remain an established part of accepted business
practice for varying institutional reasons thereby remaining in grained in economic system.
REASONS FOR ELECTRONIC PAYMENT
The reasons for making use of electronic payment to pay staff are:–
1. It helps in reducing the traffic in banking halls:– This is one of the reasons for introducing E–
payments because it helps in reducing corruption and misconduct in the civil service world e.g.
workers bribing accountants because they want to collect their salaries. (Nwite; 2000).
2. It also makes the work easier and relieves the banking staff of much work to be done since people
can now withdraw their money through other means e.g. ATM, Debit card etc. (Jhingan 2004).
3. It saves time: Instead of queuing up in the bank to check account balance and to withdraw money,
an SMS alert would have been sent and the customer can make withdrawal anywhere. (Becks;
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Jaguar Logistics Is Responsible For Providing Excellent...
Jaguar Logistics is committed to providing excellent customer service, while providing great
employment to a diverse workforce. Our goal is to lead the 3PL industry through innovation and
implementing environmentally friendly processes that protect the world we live in. We offer
exceptional transportation and warehousing services while passionately leading the 3PL world in
ethics and professionalism.
Jaguar logistics is a 3PL company that handles cycle inventories of finished goods from domestic
customers in the southeastern region. We are a distribution warehouse that specializes in breadth
logistics services such as warehousing, inventory management and shipper–carrier relationships. We
are located on the Northside of Jacksonville equal distances from Jacksonville International Airport
and JAX Port/Blount Island. The warehouse itself has a layout 100,000 (see layout below) square
feet consisting of a floor storage area, receiving and shipping area. We utilize RFID technology to
assist with our inventory management. Our warehouse is setup with four receiving and four shipping
bays. We utilize electric floor jacks and forklifts to minimize our environmental footprint.
Jaguar Logistics provides best–in–class supply chain visibility through our proprietary warehouse
management system. Jaguar's warehouse systems integrate directly with asset tracking and
inventory management programs, allowing you to coordinate and manage your entire supply chain
from a single interface.
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Advantages And Disadvantages Of Electronic Payment System
Payments are always an important of any business, whether it is traditional or online. In online
business cash cannot be used as there is no direct contact between buyer and seller, therefore we use
electronic payment systems. There are several methods using which one can pay for goods and
services bought by buyer.
Some methods are:
Electronic funds transfer
Electronic checks
Electronic credit cards
Purchasing E–cards
E–cash smart cards
Pay at ATMs
B2B special methods
Electronic bill presentment and payments
The most common methods used are electronic funds transfer and electronic credit cards.
Electronic Funds Transfer:
Electronic funds transfer is the method where money is transferred from one bank account to
another through ... Show more content on Helpwriting.net ...
The entire amount due is to be aid at end of billing period eg: American Express
The second most used payment method is Electronic bill payment. In this there are three methods,
they are:
Online banking
Biller direct
Bill consolidator
ONLINE BANKING:
In this the user has a account in any bank and registers for online bill pay service and pays all his
bills using banks websites. The user is given user id and password by which he logins into bank's
payment website and then he will be asked to type his transaction password. After which bank will
deduct amount from his account and pay to seller with help of payment gateways. Payment
gateways act as bridge between user's bank and seller. Eg.: CC Avenue
BILER DIRECT:
In this the consumer makes payments at biller's website by using credit card or debit card. The biller
makes the billing information available to customer on website after which consumer initiates
payment using Automated Clearing House transfer system. This method is also known as electronic
bill presentment and payments. Eg: yahoo bill
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Account Transfers And Uses Of A Fraud System
o Account Transfers– movement of funds between internal accounts o ACH (Automated Clearing
House) o Approval and Authentication– wire and ACH payments are programmed to require one or
more approval to maximize fraud protection o Balance Reporting– displays both prior and current
day balances and activities o Business Dashboard– provides a financial snapshot of the user account
o Check Service– check inquiries and stop payment orders o Controlled Disbursement Reporting–
beginning of the day notification of total require funds for the day o Import and Export– companies
are enabled to add payment information to the system by importing files from local or network
drive. They can also export ACH and wire information in several formats o System ... Show more
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Get their first and last name, email and phone number. If TMO could not receive much information,
let the potential customer know TMA will send the client a questionnaire. o Prepare a proposal/ pro
forma cost analysis and discuss with RM on alternative pricing scenarios o After determining the
client is suitable for Treasury Internet Banking, determine the CSA (Company System
Administrator). There needs to be at least 2 CSA for security reason. CSAs can add/remove user and
determine who has access to which feature. o Prepare package for implementation and archive client
executed documents submitted with enrollment forms. 3.4.2 Documentation Package: TMO/TMA
will receive complete the Treasury Internet Banking package and will compile all required
documents for implementation. Document packages may vary based upon the of enrollment but
should generally include: o ACH Origination Specification (if applicable) o Addendum to Treasury
Management Master Services Agreement: Third Party ACH Sender (if applicable) o ACH Due
Diligence Worksheet (if applicable) o ACH Maintenance Coversheet (if applicable) o E–Statement
Enrollment: Alternative Delivery
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Technology And The Implementation Of Innovative Technology
Besides these, major impediments and risks associated with the implementation of innovative
technology are:  Data being stored in the computers is now being displayed when required on
through internet banking, mobile banking, ATM etc. All these are threats for confidentiality of data.
 Cost associated with adoption of new technology might not bring cash flows required to cover
that cost. So banks could face cost overrun or cost control problem.  Another problem banks face
with implementation of latest technology is integration of existing system with the new one.  In
the field of IT, new technology is coming every day. The one which is very popular today might get
obsolete tomorrow. So to have a competitive edge over the competitors the banks must always
update their services.  The movement towards technology driven banking might marginalize the
customers who do not have internet access or who are not technologically sound (Khalil, Ahmed &
Khan).  The coverage of the private commercial banks and foreign commercial banks is
concentrated mainly in urban and semi–urban areas. The rural parts of Bangladesh still remain
outside of their services. In addition, modern banking involves some financial risks as well though it
has bright prospects. According to Ali (2010), the major risk of modern banking includes operational
risks (e.g. security risks, system design, implementation and maintenance risks); customer misuse of
products and services risks; legal risks (e.g. without
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The Information Systems Used by Comerica Bank
Multiple aspects can make up an information system such as hardware, software, connections, and
users. All of these aspects allow for the dissemination of information within a company. Many of the
leading companies find information systems to be imperative assets to the success of their
businesses and organizations. In a business setting, information systems are used daily in order to
handle task associated with accounting, marketing, management and other related fields.
Information technology is expanding and so have its roles, from data processing to business
intelligence and everything in between. For decades it has even been known to make companies
more efficient and also more effective. Fortunately, we were given the opportunity to discuss the
information systems of a national company with some of its current employees . The employees we
have chosen to interview are directly involved with at least one of their company's information
systems which have further allowed us to gain a better insight on its procedures and also have a few
questions answered. The company at the forefront of this report is none other than Comerica Bank.
The interview we conducted was extensive and thorough, we examined several findings. First, we
were able to examine the type of information system used, the type of organization it is implemented
in, the major business process that the system supports, the systems inputs and outputs along with
the major hardware and
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Security Threats That Bank Of America Faces Today
Common Information Security Threats In this paper, I will identify security threats that Bank of
America faces today. In addition, I will describe the techniques and processes used to identify the
vulnerabilities and threats, describe risks to the information and related vulnerabilities within Bank
of America when utilizing components of the web. Discussions on BoA safeguard against legal
issues will be addressed followed by the types of social data that potentially cause problems for this
bank institute. In conclusion, I will explain the legal, ethical, and regulatory requirements Bank of
America utilize for the protection of the organization. Bank of America is a multinational banking
institute and one of the most trusted in the banking industry. This organizations sole purpose is to
protect the customer's confidentiality and assets by ensuring that data protection is the number one
priority; however any organization when holding personal information can be a victim of data
breach and BoA is not exempt. One of the largest risks BoA faces today is Mobile Banking. This
consumer convenience is used by fifty percent of smart phone owners (Finney, 2014). Phishing is
also threat to the banking industry; this strategy by hackers allows the extraction of consumer
passwords and other sensitive information. Hackers targeting banking institution employees with
convincing e–mails that fool them into clicking on malicious links–which ultimately compromise
their credentials or
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Lo Loan For Salt Production Essay
Loan to Diagnostic Centers
Loan to Travel Agencies
Loan for Salt Production
3.0 Services
3.1 Financial Services (Inland Remittance)
Demand Draft (DD)
Telephonic Transfer (T.T )
Mail Transfer (M.T )
JB remittance payment system (Deposit/ withdrawal from any branch)
3.2 Financial Services (Foreign Remittance)
Online Speedy Remittance
Maintaining NRT Account
Foreign M.T.
Foreign Remittance
Foreign Demand Draft
Collection of Draft, Cheque, TC
Foreign Currency Endorsement
3.3 Other Financial Services
Pay Order
Pay Slip
Security Deposit Receipt (SDR)
4.1 Utility Services
Gas Bills Collection
Electricity Bills Collection
Telephone Bills Collection
Water/Sewerage Bills Collection
Municipal Holding Tax Collection
Port Bill Collection
Land Rent Collection
4.2 ATM Service
Cash withdrawal
Balance inquiry
Mini statement of accounts
Point of Sale (POS
Welfare Service
Payment of Non– Govt. Teachers' Salaries
Payment of Primary and Secondary Girl
Students Stipend
Payment of Army pension/Civil Pension
Payment of Widows, Divorcees and Destitute
Women Allowances Payment of Old–age/ Disabled Allowances
Food procurement Bills
Issuance of Television License
4.4 Service to the Government
Sale of Prize Bond
Sale of Wage Earners Bond (W.E.B)
Sale of SanchayPatra (S.P)
VAT collection
Tax collection
Excise duty collection
4.5 Other Service
Locker Service
SMS banking
Sale of Lottery
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Fringe Benefit Management Project
DC Water's third party consultant L. S. Caldwell & Associates was contracted to monitor all
compliance, Davis Bacon Related Acts, Department of Labor and Fair Labor Standard Act activities
for the Filtrate Treatment Facility project. As a part of this task, L. S. Caldwell & Associates
received numerous certified payrolls from PC and their subcontractors. During the review of these
documents the compliance officer noticed that the detailed hourly rate for the fringe benefits was not
listed on the certified payrolls. At times during the project PC listed the fringe benefits, however the
payroll administrator did not provide a detailed breakdown of the hourly rate. In addition, the
compliance team discovered there were some misclassification of ... Show more content on
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This audit required PC to submit 1) names of employees that were actually receiving fringe benefits
and 2) the detailed hourly fringe rate used from the wage decision established for this project. The
initial audit started in March 2017, this review included identifying the employee's classification
with site interviews conducted and cross referencing their title indicated on certified payrolls with
the wage determination the project. During this process it was discovered that the fringe benefits
hourly rate and employee misclassification restitution calculated to be $72,000.00. In order to
confirm this amount without the specific details of the fringe benefit program, the compliance
officer requested additional information to confirm this amount. In August 2017 when PC submitted
the breakdown of the fringe benefits and made corrections to the misclassifications of several
employees the compliance team concluded that only $6897.67 was owed in restitutions to 42
individuals. The audit was completed September 2017. Upon completion, PC was made aware of
these issues and provided documentation to support this review. Part II. PC
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Duty Payment Pros And Cons
Duties must be paid for all imported merchandise that is entering the United States. Duty payments
must be made in U.S. currency, certified checks, cashier's checks, or automatic bank drafts such as
ACH. Goods that are produced in Mexico or Canada may be duty–free under NAFTA. It is the
responsibility of the importer to correctly classify the items in order to determine the proper duty
payment. The importer must exercise the Harmonized Tariff Schedule to establish the appropriate
"rate of duty of all imported articles" (NCBFAA Educational Institute, 2017). Additionally, the
obligation for the duty payment is established and sequentially filed at the time that the entry is
submitted to CBP. The individual who is listed on the filed ... Show more content on Helpwriting.net
...
Once the payment has been satisfied, CBP then sends a final statement to the individual through the
ABI. Finally, the final statement is recognized as the payment receipt. CBP then conveys the
information regarding the payment to the ACH processor to debit the filer's account, which is
usually two business days. Minimizes the collection and approval processing time of the entry
summaries Diminishes the risks and expenses associated with the managing of paper checks
Reduces costs related to administrative processing Increases the effective control of duty payments
and summary filings Filers that utilize statement processing are able to partake in Automated
Clearing House (ACH) practices According to the CBP website, importers can "obtain up to an
additional 10 days to pay duties, taxes, and fees on quota and other special merchandise classes" by
utilizing the ACH system (Customs Now, 2017). ACH debit saves the importer, broker, and
government costs and lessens the turn around payment time. According to the CBP website, "with
ACH debit, the payer transmits payment authorization to CBP, and CBP send the payment
information through the network to the payer's financial institution" (U.S. Customs and Border
Protection, 2017). As previously mentioned, all statements in the Automated Broker Interface (ABI)
can be paid in a central site. Each payer (importer or broker) is assigned a unique number that will
be used for all ACH transactions. Once the total of
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Clearing
PERFORMANCE OF CLEARING FUNCTION
MEANING OF CLEARING:
The word clearing has been derived from the word "clear" and is defined as:
CLEARING HOUSE:
Initially state bank of Pakistan provides the facility of clearing in its clearing house where
representatives of all banks sit together and interchange their claims against each other. But now
state bank of Pakistan has assigned this responsibility to National Institute of Facilitation
Technologies (NIFT).
It is one of the services provided by NIFT to other commercial banks. NIFT acts as a clearinghouse.
Different banks are the members of the clearinghouse. A representative of each bank represents his
bank in the clearinghouse.
Each bank has collected cheques as behalf of their customer but ... Show more content on
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As of May 2009, 40 commercial banks and their 5571 branches in 185 major cities, 20 data centers
utilize NIFT's services.
NIFT has setup elaborate data centers geared to provide automated services for document processing
particularly in the payment arena. Modern image based facilities have been established at Karachi,
Lahore, Islamabad, Peshawar, Rawalpindi, Hyderabad, Multan, Faisalabad, Quetta, D.I.Khan,
Sialkot, Gujranwala, Sukkur, Bahawalpur, Muzaffarabad, Jhelum, Abottabad, Mirpur, Sahiwal and
Sargodha. The services include cheques clearing, reconciliation, 'return' (unpaid) cheques
processing, same day clearing (express – 2 hrs. clearing service), intercity clearing and inter branch
& inter bank settlement. Services are provided at individual branch level to over 5571 branches in
184 major cities and smaller cities.
VI. SEND REPORT TO THE BANK:–
After delivering the cheques to different banks NIFT send report to Habib Bank Limited Mall
branch Lahore, then the bank's staff tally the amount of that report for its own record.
VII. DELIVERED CHEQUES TO RESPECTIVE BANKS:–
Next morning, these cheques are delivered to the respective banks between 9:00 to 9:30AM. In the
same manner, other banks present their clearing drawn on Habib Bank. Total number of cheques and
their amount delivered to other banks and received from them are written on the Clearing House
schedule branch for their payment. After proper scrutiny of cheques,
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Report on Investments of Export Import Bank Bangladesh...
1. Background of the report
After completing two semesters at University of Dhaka, under the Master of Business
Administration Curriculum, Mohammad Maruf Islam, author of this report was placed in Export
Import Bank of Bangladesh Limited, Shimrail Branch, Shiddirgonj, Narayangonj by the Human
Resources Division of EXIM Bank Ltd. as part of the internship program requirement. This report is
prepared for the internship program consisting of a major in depth study of the "General Banking
Activities of EXIM Bank Limited".
The internship program exercises a significant importance as it enables a student to familiar with the
practical business activities. The students work closing with the people of an organization and learn
about the function ... Show more content on Helpwriting.net ...
Hence it was little bit difficult for them to help within their high schedule. Time is an important
issue in report writing. As I have been given a specific dead Line for submission, observation and
learning all the banking operation within three month and also to prepare the report all along which
is really tough. Relevant data and document collection were difficult due to the organization
confidentiality. Non availability of data in a systematic way. Not enough data of year 2006 was
available as the bank's annual report of 2006 was not published at the time of preparing this report
Lack of fund – A study for any purpose requires a minimum amount to the investigator or the
researcher. But in this case the student had to pay for almost all expenses starting from stationary
transportation communication to the printing of the paper. Shortage of written material
In spite of all these limitations I have tried to put the best effort as far as possible.
1. Variables Covered
To complete this report I have followed a systematic study which include working, inspecting and
talking to the executives at different levels of the organization to know the present scenario of the
banking practice. Population: All the branches of EXIM Bank Limited in Bangladesh have been
taken into consideration as the population of this report. Sample: EXIM Bank limited; Shimrail
Branch has been selected as a sample of
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Roches Acquisition of Genentech
February 11, 2011 Dear Valued Scotiabank Customer, In an effort to keep our customers informed,
we would like to update you on the Payments Systems Reform process being implemented by the
Bank of Jamaica (BOJ). e BOJ implemented a Real Time Gross Settlement (RTGS) system in
February 2009. e RTGS is an on–line funds transfer system where the transfer of money is effected
from one bank to another in "real time". e BOJ has indicated that effective March 31, 2011, financial
transactions with a large value (i.e. $5,000,000 and above) are to be cleared via the RTGS system
instead of the "regular clearing" system (Automated Clearing House/ACH), where all cheques are
now cleared. Consequently, the BOJ will impose a penalty of $5,000 on any ... Show more content
on Helpwriting.net ...
Another option, providing you have signed our fax and email indemnity form, would be to email or
fax your instructions with the necessary details to your branch. Q – Will I still be able to write
cheques valued at J$5,000,000 or more? You can still write cheques valued at JMD $5million or
above, however if these items are presented at another Bank, it will incur the deferred penalty fee of
$5,000 per item as imposed by the BOJ, and this fee (plus GCT) will be subsequently charged to
your account. Please be reminded that should the BOJ determine that the volume of large value
transactions has decreased by 50% then your account will be credited the penalty fee at that time. Q
– When will I know whether the volume of large value transactions has met the BOJ's target of 50%
and thus know whether my account will be reimbursed? It is expected that BOJ will advise
Scotiabank about this at the beginning of 2012. As soon as we are notified we will pass this
information to our customers and reimburse your account at this time (assuming the 50% or greater
reduction in volume was achieved). Q – I don't have a chequing account but from time to time I
would request a Manager's Cheque. Will this fee also affect me? Because this fee applies to all
cheques, including Managers Cheques and corporate cheques issued for JMD$5 million or more,
Scotiabank will no longer be issuing Manager's Cheques valued at JMD$5 million or over. However
you will be able to electronically
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Business Sector : Problems And Prospects Of Modern Banking...
Innovations in Banking Sector: Problems and Prospects of Modern Banking in Bangladesh
Introduction: The innovation in banking is applied with a sensitivity to all concerned ~ the bankers
using the modern banking instruments, customers enjoying seamless modernized service and
stakeholders receiving improved earnings due to the tech savvy banking. In the lights of automation
in banking, it is felt that a whole new world of convenience has opened up for customers and the
banks themselves have become more efficient in service provision. It is very much true in the
modern day that, technology is inseparable from the processes of economic growth and development
of any developing country, and for the collection of capital. Given this fact and the significant role
of commercial banks adapting modern technology and contributing in the development process,
there is obvious scope for an investigation of the impact of modern technology in the banking
system. The rapid advancement in information and communication technology (ICT) has
extensively swayed the banking industry. Banks and other financial institutions have improved their
services as financial intermediary through adopting various Information Technologies (IT).
Technology has become a tool that facilitates banks ' organizational structures, business strategies,
customer services and related functions. The recent "Information Technology (IT) revolution" has
exerted far–reaching impact on economics, in general, and the financial
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Analysis Of Computerized Banking System- Hdfc Bank
Project report submitted in partial fulfillment of the requirement for the award of degree of
POST GRADUATE
DIPLOMA IN MANAGEMENT
SUBMITTED BY
Ashish Puri
(Roll Number: 1321001578)
SUPERVISED BY
Mr. Lalit Taneja
(Project Lead at Syntel Ltd.)
CERTIFICATE
This is to certify that the project study entitled "Analysis of computerized banking system– HDFC
Bank" is a bonafide work done by and submitted in partial fulfilment of the award of degree in Post
Graduate Diploma in Management.
Mr. N.M. Mishra
Faculty Guide
DECLARATION
I hereby declare that the project "Analysis of computerized banking system– HDFC Bank"
submitted in partial fulfilment of the award of the Post Graduate Diploma in Management of the
IMT University, Noida, has been carried out by me under the guidance and supervision of Mr. Lalit
Taneja during the academic semester 2014–15.
It has also not being submitted by me or any body for the award of any other degree or diploma of
this or any other institution earlier.
Date: 20–May–2015
ACKNOWLEGEMENT
I would like to express my deepest gratitude to my supervisor, Mr. Lalit Taneja , for his excellent
guidance, caring, patience, and providing me with an excellent atmosphere for doing research.
I would like to thank Mr. Nikhil Deshmukh of HDFC Bank Magarpatta City
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Modern Changes in International Equity Markets Essay
Modern Changes in International Equity Markets Few things, you might think, are as enduring as a
national stock exchange. From pillared entrance to pulsating floor, they display an institutional
solidarity that can surely defy forces for change. And yet most of the world's bourses are now in
turmoil, as they scrabble to be seen making alliances or mergers, to fend off electronic competitors,
or simply to survive. Even New York, the biggest of the lot, is worried: while London, the biggest in
Europe, seems to lurch from one misstep to another. (The Economist, 17th June 2000). These
missteps have come about from a number of structural changes that have, and are still occurring
within national, and global economic environments. A ... Show more content on Helpwriting.net ...
(Bank Of England, 1999). Exchanges such as Brussels, Luxemburg and Amsterdam stock
exchanges, all have cross–membership agreements, where under these agreements exchange
members have access to products from each of the other exchanges respectively. The Europe's
biggest exchange, the London Stock Exchange (LSE), and the German Deutsche Borse have
recently announced a merger in a number of steps are able to electronically access both trading–
platforms. (The Economist, 2000) There is also a tie between the New York Stock Exchange
(NYSE) and LSE. The tie is not in a traditional sense, but Clementi (2001) has shown that the UK
and the US both have large Cross–border investment, with the UK holding $110billion or 8% of UK
GDP in us markets. Clementi (2001) suggests that these unofficial ties, make the UK dependant on
the US economy, an therefore making it vulnerably to any economic downturn, as seen at the
moment with the speculate US recession. (Bank Of England, 2001:131). The third major change that
has been seen is that of exchange ownership is being separated from the members. This has been
done in Amsterdam, Stockholm, Milan and Australia, to name just a few. Yet the worlds largest
stock exchanges are all still owned by it's members, and the largest of these, the NYSE, is still run in
the traditional floor trading style, while most other world markets are completely automated. There
are many pro's and con's of a floor trading system, but
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Trading & Settlement Process
UNDERSTANDING THE TRADING AND SETTLEMENT PROCESS AND OTHER
DOCUMENTORY REQUIREMENTS AT BROKERS' OFFICE TO OPEN THE TRADING
ACCOUNT
Understanding Trading and Settlement of Equities
Stock market is a trading platform which provides an opportunity to buyers and sellers of securities
to do transactions. As of now there are 23 recognised stock exchanges in India and 24th is likely to
get functional soon. However the majority of transactions in securities happen only on the National
Stock Exchange. The Bombay stock Exchange is the second largest contributor in the overall pie of
total transactions. However it 's contribution is ... Show more content on Helpwriting.net ...
Trading of securities happen on the first day while settlement of the same happens two days after.
This means that a security bought on Monday will be received by the client earliest on Wednesday
which is called pay out day by the exchange. However there is provision which allows a broker to
transfer securities till 24 hours after pay out receipt. Hence the broker may transfer shares latest by
Thursday for a security bought on Monday. Any transfer after Thursday would invite penalty for the
broker. If a person has bought security then he is supposed to pay money to the broker before pay in
deadline which is two days after trading day but the second day is considered till 10:30 a.m.
Only.Hence the client must pay money to the broker before 10:30 a.m. On T+2 day.
Settlement of securities is done by the clearing corporation of the exchange. Settlement of funds is
done by a panel of banks registered with the exchange. Clearing corporation identifies payable/
receivable position of brokers based on which obligation report for brokers are created. On T+2 days
all the brokers who has transacted two days before receive shares or give shares to the clearing
corporation of exchange. This all is done through automated set up Depository which involves
NSDL and CDSL.
One of the most noticeable achievements of Indian securities market have been reduction in the
settlement cycle which has brought it at par with
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Global Business Is Especially Complex Due To The The...
Global business is especially complex due to the the globalization of markets. There are significant
cultural differences between countries and regions, sometimes there are even multiple cultures in a
single country. However, businesses must learn new innovative ways to transcend distance and
culture because if they do not their corporations will never grow. Expanding to foreign countries can
provide a business with millions of new customers. In order to increase business, businesses must
globalize. Luckily enough, this is becoming easier since trade barriers are starting to dissolve and
communication to most parts of the world today are basically instantaneous. There are many ways a
company can decide to expand internationally. One of ... Show more content on Helpwriting.net ...
Cayan provides affordable credit card processing services to all types of businesses with a goal of
connecting those businesses to new payment technologies. Furthermore, they work to utilize the
power of technology to engage additional customers. The CEO and founder of this company
realized there was a need for simplified credit processing, as a result, they developed Cayan.
Initially they restructured the equipment buying process, while maintaining affordability for small
businesses. In addition to that, the company grew and developed due to Cayan's constantly updating
and creating new products in order to grow with the ever–changing needs of customers, further
communicating their mission and vision. According to their website, Cayan is using our mobile
devices in more and innovative ways. They have developed an application that accepts credit cards.
This is the first application to ensure point to point encryption, which is a security measure that
automatically encrypts confidential credit card information. This protects the card from fraud or
being hacked. They also developed their Genius platform, allowing the user a variety of payment
options such as gift card programs and loyalty solutions. These solutions have made businesses
more successful by making it easier for customers to perform transactions. Cayan is still providing
affordable services to all kinds of businesses and keeping
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Small Business: Lefra Transportation, Inc. Essays
Lefra Transportation, Inc.
Lefra Transportation, Inc. is an established privately owned and operated small business ambulatory
organization located in Brooklyn, New York. The primary focus of this organization is to provide
transport services to clients who are in need of dialysis treatment. The main duties are carried out by
ambulatory drivers and other working colleagues who assist clients from their place of residence to
dialysis centers and returns them to their abodes. The state of New York has 5 boroughs, Brooklyn,
Queens, Bronx, Manhattan, and Staten Island. According to the statistic figure from the United
States census bureau, "the population estimate of New York for 2013 is 19,651,127" (United States
Census Bureau, 2013). ... Show more content on Helpwriting.net ...
For unknown reasons, patients were eligible for treatment in the current week, but would be out of
coverage for the following three weeks for the month. This circumstance created several serious
issues, firstly, it delayed the distribution of payments to treatments centers and transportation
providers. Secondly, transportation providers were not receiving their full amount for which they
billed, and also depending on the size of the transportation provider, ambulatory drivers were
sometimes not paid for weeks. Factoring other major company expenses such as insurance, vehicle
maintenance, and safety; other prominent reasons for the change was because there were no
automated recording of patient eligibility, and the lack of a computerized recording system that
would record the days of treatment of a patient on the part of transportation providers. Henceforth, a
change needed to be made speedily to rectify the the impending issue. According to Daft, "managers
communicate to provide effective change in an organization through planning, leading, and
organizing; thus, there are control functions analyzing performance in comparison to plans and
standards" (Daft, 2012, pg.482). The coalition of transportation providers along with state
authorities moved to implement a mechanism that would resolve the issue quickly. The type of
Change Needed. Lefra Transportation, Inc. and other transportation
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Advantages And Disadvantages Of E Banking
2.4 Advantage and Disadvantage of E–Banking:–
The electronic banking has various advantages than the traditional banking system which is simple
and convenient for the users. The advantages are– (i) Electronic banking is easy to open and operate
by general people. (ii) One can easily pay their bills and transfer their money without any problem.
Because of this people don't have to stand in long queue and keep their receipt safely as transactions
are viewed by the person at anytime. (iii) The electronic banking is available at anytime because it is
open 24 hrs. People can access their account from anywhere and the night time and holidays also.
(iv) The e–banking is fast and efficient and people ... Show more content on Helpwriting.net ...
In this system security parameters were embedded to ensure that credit card numbers are replaced
with other numbers termed First Virtual Personal Identification Number. A person's account was not
charged till e–mail verification was obtained from the person confirming the purchase.
Cyber Cash:– Cyber cash is a payment method that makes use of encryption technology in
transferring credit card information. It uses unique programmes called as a "cyber cash wallet
software programme." A customer would register with cyber cash and be allotted a wallet ID and a
password connected with one credit card. E–merchant sets up an account with the bank that accept a
payment transaction using cyber cash and the bank approves or denies a transaction in an encrypted
from the merchant.
Digi Cash:– The Digi Cash system is generally used for micro payments. Digi cash provides for safe
account system to avoid misuse of sensitive data of customer when they make payments online. This
system is no more being used.
Mondex:– Mondex initially applied to the offline world and slowly shifted its base to online
transactions. It is a chip card based system that applies to card transfers of money and invalidates
spoofing request to transfer money. This system is similar to the e–cash system wherein funds are
stored in the
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The Importance Of Harvesting Personal Identity
"Clearly, even smart kids can be street (internet highway) thugs! Unfortunately, no police force
seems smart enough to halt this sinister revenge of the nerds...." (Hall, 2005). For many of us, we do
not realize how easy it is for a person to harvest the personal data of someone and never even break
into a person's home. When we talk about harvesting personal data, the image of a huge combine
rolling through the fields extracting the crops come to mind. For identity thieves, this harvesting
may not be so obvious but can be that simple. Some of the means that have been used to harvest
these stolen identities can be in public places where there is "shoulder surfing" which is simply
looking over someone's shoulder in a public place as they to ... Show more content on
Helpwriting.net ...
The next steps in this process are the added touches of concealment for their evil deeds. They
immediately change the address for mailing to a new address so that the original owner does not get
any items that are ordered delivered to them or notifications of the profile changes. Then they
change the method of billing from paper to email with a factious email address. Now that they have
completely altered everything on the profile page, the new profile in your account has been created
and they have free access to shop on line. In a more devious act, lets add an extra step to this
process. The criminal will first make a small purchase to test the waters to see if the transaction will
go through. If so, the criminal will follow through with a much larger purchase that in some cases
will max out the credit limit for this holder. The more advanced criminals who know how Company
X's credit program works, will make an online payment using an Automated Clearing House (ACH)
process to pay the card off in full using fraudulent bank information. With the ACH, the credit line is
tricked in assuming a payment has been made and opens up the full line of credit for additional
purchases. In the next few days this process will continue and in about 48 hours when the ACH is
declined due to an invalid account, the charges are reversed back to Company X. By this time, the
credit limit has been cleared and maxed three or four times and the victim is unaware of all of this
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Essay On Electronic Funds Transfer
2.13
THE HISTORY OF ELECTRONIC FUND TRANSFER
The history of electronic fund transfer and electronic banking are to a large extent ,closely
interrelated with that of the automated banking systems and also the growth of the consumer
financial service market now widely offered by banks.
The global advent of electronic fund transfer was first marked in the 1950s when there began a
major shift in focus of commercial banks to provide services for smaller businesses and individual
consumers rather mainly big businesses or organisations.This major shift marked the beginning of
"retail" and "full–service" banking.It was the enhanced and growing attractiveness of consumer
deposits at a period of rising loan rates and a desire to be part of the ... Show more content on
Helpwriting.net ...
Congress passed the Electronic Funds Transfer Act to establish the rights and liabilities of
consumers as well as the responsibilities of all participants in EFT activities in the United States.
Electronic Funds Transfers
This Agreement and Disclosure is made in compliance with federal law regulating electronic funds
transfers (EFT) services. Electronic funds transfers are electronically initiated transfers of money
involving an account at the Financial Institution. The following disclosures set forth your and our
rights and responsibilities concerning the electronic funds transfer. In this Agreement, the word
"you" and "your" mean those who sign as applicants or any authorized user(s). The words "we",
"us", and "our" mean the Financial Institution.
Online Banking
Types of Transactions: You may access certain account(s) you maintain with us by computer using
your assigned user ID and password by accessing the online banking services. You may use the
online banking service to perform the following functions:
Transfer funds between eligible accounts.
Obtain balance information on eligible accounts.
Review transactions on eligible accounts.
Make loan payments.
Limitations on Frequency and
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Patient Billing And Meaningful Use Of Computers In Medical...
The first software I looked into is called AvancedMD. According to the review I read on
softwareadvice.com this system incorporates many very useful features for a busy medical practice.
These include Electronic Health Records, a patient portal for patient engagement, telemedicine
capability, and patient point of care documentation. On the billing and coding side of things, it offers
financial analytics, business intelligence reporting, and automated charge capture (billing and
coding) occurs during the process of patient data being charted. This system allows patients the
ability to schedule appointments themselves online, or have a telemedicine encounter. It also will
email and/or text them appointment reminders and send ... Show more content on Helpwriting.net ...
The second software program I researched is athenahealth EHR Software. The review I read about
this software program lists many abilities that would be desirable in a busy medical practice. Among
these attributes are an ability provide cloud–based EHR, revenue cycle management, medical
billing, patient portal, coordination of care, population health management, and Epocrates, a point of
care mobile app. A network of over 99,000 providers is using this software at this time. Users can
look over the daily schedule, patient information, look at incoming lab results and review current
orders. This is done via a home page on the EHR. There is a billing function that can be used within
the EHR or on its own. The rules engine is constantly updated. Included in the medical practice
management functions are daily responsibility visibility, custom benchmarking, and proactive trends
analysis. The Patient Portal allows patients to make payments, review their history, sign forms, and
schedule appointments. The system sends patients reminders via email, text, or phone messages, as
well as alerts when they have lab results waiting to be reviewed. I was pretty impressed with this
system until I read the reviews posted by actual users and purchasers of this system. PROS: The
ability to incorporate assessments and plans from previous encounter notes; the EMR software
itself; accessible from anywhere; EHR/PMS system can serve the practice needs of many specialties
and
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Management And Leadership Experience At Wells Fargo As A...
 Sixteen years' financial service industry experience with Treasury Management tools, Trust
Portfolio Reporting, and Automated Clearing House (ACH) systems; Currently with Institutional
Retirement and Trust providing system support and implementation of Retirement Services. In
addition managed marketing development with Harvest Consulting Group focusing on consumer
campaign projects with insurance, banks, and associations; most notable the West Virginia Bankers
Association and One Valley Bank.
 Five years' management and leadership experience, with teams ranging in size from 3 to 9 direct
reports. Duties involved staff resource planning, maintaining a budget, interviewing potential
employment candidates, conducting formal performance evaluations, performance tracking, and
mentoring. Adept at establishing and maintaining business customer relations; organize and
prioritize key issues from a strategic and tactical position. This is in addition to the six years'
experience at Wells Fargo as a technical team lead within web application development and system
support groups.
 Seven years' business experience coordinating marketing initiatives from concept to completion,
product management, directing resources, and maintaining relationships. Responsibilities include
developing business requirements, identifying key performance indicators (KPI), presentation
delivery, analysis of website statistics, developing customer relationship management (CRM) tools,
market research,
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Gun Violence : The Pros And Cons Of Gun Control
I choose to talk on a topic that most people is clearly not comfortable talking about until something
major happens. I chose to talk on gun control, not that this is an easy subject to focus on but one that
is seeking the attention all around the world. The one thing I do not like when it comes to any law is
that religion and politics is always brought into anything when someone wants to make and prove a
point. "The second amendment protects an individual's right to own guns; that guns are needed for
self–defense from threats ranging from local criminals to foreign invaders; and that gun ownership
deters crime rather than causes more crime" (Procon.org., 2017). One thing I find interesting for the
argument is that guns are rarely used in self–defense. This is true most of the crimes that is being
committed are most of the victims are not allowed to defend oneself making the crime seem very
senseless. Another pro is guns that are owned legally will likely get stolen and used by someone
with a criminal background. More gun controls lead to fewer suicides. Most adults, including gun
owners, support common sense gun control such as background checks, bans on assault weapons,
and bans on high–capacity magazine. Enacting gun control laws such as mandatory safety features
would reduce the number of accidental gun deaths. Now thinking about the cons of the gun control,
I hear more about gun related offenses then being able to defend why it happened. There is so much
crime that I literally think people shot just to be shooting. Plus there is no way of stopping a criminal
from obtaining a gun think about it a gun can be brought illegally. " In addition to federal gun laws,
each state has its own set of gun laws ranging from California with the most restrictive gun laws in
the country to Arizona with the most lenient, according to the Law Center to Prevent Gun Violence"
(Procon.org., 2013). Guns can be stolen and used to create more crime. Suicides are on the rides but
would there be fewer suicides if a gun was not involved. People use guns to commit suicides
because it is probably the quickest way to end a life but is it always efficient. Being a licensed gun
holder I do not advertise that I am certified to own and
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How Money Changes Hands : A Small Window Into The Federal...
Professor Cadena
Principles of Macroeconomics
15 April 2016
How Money Changes Hands – A Small Window into the Federal Reserve Many people give no
thought as to the daily operations of the Federal Reserve. It has a shocking amount of impact on the
daily lives of every American. Without its influence, I believe it is safe to say our lives as we know
them would come to a screeching halt. Everything from the value of our currency (therefore the
prices we pay) and ensuring banks are not ripping off its customers, to completing digital
transactions within tenths of seconds is regulated for the stability of the people, the nation, and the
world. The responsibility for oversight of trillions of dollars on a daily basis falls to them.
The ... Show more content on Helpwriting.net ...
As easily seen in the graph from the Federal Reserve's Study (Reserve, Gerdes and Liu), the number
of noncash transactions has greatly increased. Although the number of checks used has decreased
greatly, Automated Clearing House transactions – which pass through the Federal Reserve's control
– are still a major player in the number of transactions.
All transaction types are broken down very specifically in order to identify trends. It is noteworthy
that the report states that even though the number of ACH transactions is on the rise at a much
slower rate the value per transaction is drastically increasing. At first glance, you might think that
this is due to the relatively new implementation of the use of "offset entries". Offset entries bundle
payments to a single payee from multiple payers. For example, when you pay a bill your bank will
not immediately send the money to your creditor's bank. It will wait until there are a large number of
payments to that bank and combine them. They may do this even if you and your creditor have the
same bank. This lowers the number of transactions and increases their value. However, they only do
this about 8% of the time. The reason the value is on the rise so dramatically is due to the increase of
corporate cash concentration and disbursement entries (CCDs) and prearranged payment and deposit
entries (PPDs). PPDs are transactions like payroll payouts, many of which now make use of direct
deposit. The
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Bank Accounting Information System and Electronic Banking
Introduction Information technology has had as much impact on our society as the industrial
revolution. In the information age, companies are finding that success or failure is increasingly
dependent on their management and use of information. Therefore, companies need a good
information system that enabled an efficient and effective use of information to give them more
competitive advantage (Moscove, Simkin, & Bagranoff, 1999).
An information system is a set of interrelated subsystems that work together to collect, process,
store, transform, and distribute information for planning, decisions making, and control. An
information system need not be a computerized system, but the use of computer in information
systems can improve the ... Show more content on Helpwriting.net ...
Electronic technology spreads from this central point through the whole process of bank funds
transmissions, finally reaching outside the banks direct to retail customers and corporate treasuries.
Electronic banking started in the United States because the clearing arrangements between the large
numbers of geographically dispersed US banks was extremely inefficient. Corporate customer
pressure for improvements was becoming irresistible. In addition, the early availability of cheap
computing power encouraged pioneering work in the United States to achieve savings from more
efficient use of the banking system. The creative use of the emerging technology, which had been
developed for other purposes, and paid for by other industries' research budgets, was fundamental to
the progress of electronic banking and the significant savings achieved thereby. The American banks
did not have it all their own way. The first ATMs in the world were introduced to the public in the
United Kingdom by Barclays Bank in 1969. Once customers became familiar with them, they
spread rapidly. By 1985, 160,000 units were run by banks worldwide, with about 9,000 in the
United Kingdom (Deakin, Goddard & Welch, 1999).
By 1990, the pace of change had started to accelerate – electronic banking had become the norm in
corporate treasuries with electronic links between balance reporting systems and second–generation
treasury management system or spreadsheets and from treasury systems to
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Elaborate and Explain the Organizational Structure, Powers...
Introduction Aside from the Companies Act 1965, the primary laws governing the regulation of
securities and futures in Malaysia are the Securities Industry Act 1983, the Securities Commission
Act 1993 and the Futures Industry Act 1993. The term 'securities laws' is defined in the Securities
Commission Act as meaning these Acts as well as the Securities Industry (Central Depositories) Act
1991: section 2. References to these laws also include references to any regulations, rules, orders,
notifications and other subsidiary legislation made under them: section 2A, Securities Commission
Act. The Securities Industry Act , which is formed on the provisions and structure of the Australian
Corporations Law and the Hong Kong Securities and ... Show more content on Helpwriting.net ...
The Securities Industry Development Corporation is linked and reports directly to the Chairman.
Other than that, there are four other departments directly linked to the Chairman as well, which are:
a) Office of the Chairman; b) General Counsel; c) Corporate and International Affairs; and d)
Investor Affairs and Complaints. As stated in the organization chart from its website , the Deputy
Chief Executive is also directly under the Chairman, with two Managing Directors reporting to it.
Under these two Managing Directors are branches of five departments which are: a) Strategy and
Development; b) Issues and Investments; c) Market Supervision; d) Enforcement; and e) Corporate
Resources. By virtue of section 5 of the SCA, no member of the Securities Commission shall hold
full time office in any public listed company. In an effort to dispel even the remotest appearance of
lack of impartiality or risk of conflict of interests, a member of the Securities Commission or any
committee who has or acquires a direct or indirect interest in relation to any matter under discussion
by the Securities Commission or any committee is required to disclose the existence of his interest
and the nature hereof. Failure to disclose may render the affected member guilty of an offence and
shall on conviction be liable to a fine not exceeding RM250,000 or imprisonment not exceeding five
years or both. Functions of the Securities Commission
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Payment System
BANCO DE GUATEMALA
PAYMENT SYSTEM OF GUATEMALA: EVALUATION AND MODERNIZATION PROPOSAL
Guatemala, October 2004
I N D EX
INTRODUCTION............................................................................. I.
1
CONCEPTUAL AND PHILOSOPHICAL ASPECTS OF A PAYMENT
SYSTEM....................................................................................... 2
1. 1.1 1.2 1.3 1.4 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 2. 2.1 2.2 3. 3.1 3.2 4. 5. 6. 7.
Generalities.........................................................................
Definition...............................................................................
Importance............................................................................ Characteristics
...................................................................... Components of a modern payment
system............................ Real Time Gross Settlement Systems –LBTR– ................... Banking
Clearing Houses ......................................... Automated Clearing Houses –ACHs– ......................
Cross–border ... Show more content on Helpwriting.net ...
Also the current operation of the Guatemalan payment system is described, emphasizing the
operational and legal aspects, in national and foreign currency, as well as in the settlement of
security titles; in inter–bank transfers and of the public sector. Later, regarding the international
experience in matters of payment systems, there appears a description of cases such as Chile,
Mexico, Costa Rica and Colombia, which are in the process of modernizing their payment systems,
and for the effect, the structure, payment instruments and achievement of reform projects in said
countries is mentioned. Finally, taking as a reference the vision of a modern payment system and the
experience of other central banks regarding the implementation of real time gross settlement
systems, the integral modernization strategy of the country's payment system is described; therefore,
the present document includes a modernization matrix of said system, which contains the activities
to be carried out, which are contracted to the strengthening of the normative frame of the payment
system, to the implementation and modernization of the payment system and to the institutional
cooperation that said modernization requires.
The Payment System of Guatemala: Evaluation and modernization proposal
I. CONCEPTUAL AND PHILOSPHICAL ASPECTS OF A PAYMENT SYSTEM
c) 1.1
1.
Generalities
Definition The Bank of International Settlements
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Overview Of The Digital Satellite System Essay
OVERVIEW SUMMARY OF QUALIFICATIONS
 Five years' within the direct broadcast Industry. Liaison with manufacturers distributers, and
retailers of the DirecTV Digital Satellite System. Involved with the initial product launch in 1994
until USSB was acquired by DirecTV for $1.3 billion in 1999.
 Five years' direct management, with teams ranging in size from 3 to 9 direct reports. Duties
involved staff resource planning, maintaining a budget, interviewing potential employment
candidates, conducting formal performance evaluations, performance tracking, and mentoring.
Adept at establishing and maintaining business customer relations; organize and prioritize key issues
from a strategic and tactical position. This is in addition to eleven years' leadership experience.
Including Wells Fargo as a technical team lead within application development and system support
groups. Awarded Wells Fargo Corporate Title of Officer in 2010.  Seven years' business experience
coordinating marketing initiatives from concept to completion, product management, directing
resources, and maintaining relationships. Responsibilities include developing business requirements,
identifying key performance indicators (KPI), presentation delivery, analysis of website statistics,
developing customer relationship management (CRM) tools, market research, website user interface
(UI) design, quality assurance (QA), and user experience (UX) testing.
 Fifteen years' of Information Technology experience with a solid
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European Influences On Canada's Culture
Canada's culture
Canada's culture over the years has been influenced by the European culture, especially British and
French traditions, USA (it's neighbouring country) and its own indigenous culture. Canada has a
very welcoming attitude towards other cultures and religions.
Canadian Clothing
Canadian clothing is very much influenced by the United States and other western countries and
though it gets really cold in Canada, mode of dressing tends to differ from each season and region.
Canadian Religion
Since most of the settlers and immigrants that colonized Canada came from Europe, christianity has
been the most prevalent religion in Canada and most of the christians are Catholic. Atheism has
increased to 24% of Canada's religion. While ... Show more content on Helpwriting.net ...
It is currently the best communications technology to deliver mobile financial services to low–
income customers out there. It allows customers manage their bank accounts on a mobile device
without requiring data. USSD is convenient, mobile and easily accessible which would make
banking for Canadians easier by using short codes instead of ATM card numbers.
Why choose USSD?
It can run without both mobile softwares and SIMs.
Customers are not charged for the service which is being used through USSD unlike SMS where the
customer will be charged as per the SMS type of tariff plan of the telecom operator.
GPRS (General Packet Radio Service), that allows you transfer data over cellular networks like 2G
and 3G, is not required because USSD works on voice connectivity.
It is more secure than SMS as USSD data is encrypted and not stored.
It is a GSM service that provides interactive communication at high speed between its subscribers
and applications (making use of a GSM network) .
No installations of any application is
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Cooperative Bank Case
Title of the Report:
Case Analysis of 'The Cooperative Bank'
The Purpose:
The purpose of the report is to submit the analysis of The Cooperative Bank based on the Activity
Based Costing methodology
To whom it is submitted (Name of the instructor):
Prof. Sandhya Bhatia,
Professor, Managerial Accounting,
Indian Institute of Management, Udaipur
Name of the Author:
Abhishek Sengupta
Anubhav Nigam
Ravindran Damodaran
Saurabh Srivastava
Date of Submission:
24 February 2013
Organization/Institute's name (and logo):
Indian Institute of Management, Udaipur
TABLE OF CONTENTS
Situation ... Show more content on Helpwriting.net ...
2. Clear Debit Items ($1022140) – The process of clearing Debit Items can be majorly automated
through Automated Clearing Houses (ACH). The manual clearing facility may still be made
available only on the basis of need and customer profitability.
3. Customer Inquiries ($850569) – This process/activity can be automated through Point of Sales
(POS). The strategy can reduce the associated overheads and at the same time improve customer
experience.
VISAAccounts: The VISA account is the second highest revenue generating stream. The revenue is
contributed by the three products viz. VISA Classic, VISAAffinities and VISA Gold. Activity costs
account to 40 % ($3385954) of the product revenue. The target cost reduction activities in this case
are –
1. Process VISA Transactions ($917056) – These transaction activities can be automated through
computer processing and this reduces the associated overheads.
2. Marketing and Sales Activity ($453886) – These costs can be reduced by having cross–sales of
Credit cards with the current Account customers
Personal Loans: The product gives the highest net profit among the range of available products. The
Marketing and Sales Activity ($815211) and Computer Processing activity ($113403) can be
reduced by the deploying of strategies as for Visa Accounts and Current Account respectively.
CUSTOMER EXPERIENECE AND PROFITABILITY
The improvement in Customer Experience and Profitability was
... Get more on HelpWriting.net ...
Goal Cash Management
)
The of goal cash management is to minimize the amount of cash the business must hold to conduct
its normal activities while having sufficient cash on hand to support operations (Gapenski, L. C.,
Reiter, K. L., 2016, p 601). Short term investments may offer minimal returns but cash offers zero.
The point is to get the most return on funds and have only the minimum cash on hand.
Float is the difference between the balance sheet on a business's checkbook and the balance shown
on the bank's books (p 602). This difference is due to the delay in processing of the checks written
or the checks received. Receipt accelerations are processes to increase the speed of processing check
payments. Two examples are lockboxes and automated clearing houses (p 603). Lockboxes are
regional post office boxes where payments are sent and geographically processed to decrease delays
in transit. Lockboxes can increase the availability of funds by 1–3 days. Automated clearing house is
a communication network that send data from one bank to another. This allows immediate electronic
transfer of funds instead of paper checks (p 604).
Distribution control is controlling the outflow of cash.This control is limited by ethical issues in the
delay of payments and the potential loss of timely payment discounts. One method to control
distribution is a zero–balance account. A zero–balance account is a bank account have a zero
balance. Funds are transferred from a master account as needed to cover checks
... Get more on HelpWriting.net ...
A Sample Resume Essay
Renu P
Brampton, Ontario
E–mail: renuhp17@gmail.com
Phone No: 647–331–5195
SUMMARY
5+ years of extensive IT experience in software Development and Implementation including
1+Years of experience in big data and Hadoop technology stack.
Constructive experience in installing, configuring and using ecosystem components like Hadoop
Map Reduce, HDFS, HBase, Zoo Keeper, Oozie, Hive, Cassandra, Sqoop, Pig, Flume, Avro,
Chukwa, Whirr, and Cloudera.
Excellent Understanding and Hands on experience with Hadoop stacks Technology like Map
Reduce, HDFS, Hive, Pig, Sqoop, Impala, Oozie, Scala and Spark.
Extensive experience working with SQL, Core Java and Linux.
Having experience on importing and exporting data from different systems like RDBMS ... Show
more content on Helpwriting.net ...
Effective in handling multiple synchronized prioritized tasks with critical thinking, decision–making
and problem–solving abilities.
Excellent analytical, problem solving, communication and interpersonal skills with ability to interact
with individuals at all levels and able to work independently or collaboratively.
EXPERIENCE
Hadoop Developer April 2016 to Present
TELUS – Scarborough, ON
Project:
The project aims to move all data from different sources or log data from individual servers to
HDFS as per the management system and then perform analysis on these HDFS data sets. Once the
data set is inside HDFS, then pig, hive and map reduce are used to perform various analysis.
Used Pig and hive as ETL tool to do transformations, joins and aggregations before storing the data
into HDFS.
Created Hive tables and loaded data in from Relational Database Management system using Sqoop.
Extensively worked on creating Hive tables, partitions and buckets for analyzing large volumes of
data.
Creating Partitions and buckets hive tables in Parquet File Format with snappy compression and
then loaded data into Parquet hive tables from Avro hive tables.
Scheduling and managing the Hive, pig and map reduce jobs on Hadoop cluster by using Oozie and
Falcon process files.
For implement business logic to transform the
... Get more on HelpWriting.net ...
Risk Management through Derivatives in India
Evolution:
With the globalization of trade and free movement of financial assets, risk management through
derivatives became a necessity in India. In the early nineties in India the economic liberalization
provided the economic rationale for the introduction of forex derivatives. Many business houses
actively approached foreign markets not only with their products but also as a source of capital and
direct investment opportunities. In 1993 there was limited convertibility on the trade account so the
environment became more conducive for the introduction of these hedge products. The development
in the forex derivative market was carried parallel along with the steps taken to reform the Indian
financial market. In 1992 FII's were allowed to invest in Indian equity and debt markets and in the
following year foreign brokerage firms were allowed to operate in India. NRIs (non–resident
Indians) and OCBs (Overseas Corporate Bodies) were allowed to hold together around 24% of the
paid–up capital of the Indian companies and it was further raised to 40% in 1998. The Indian
companies were encouraged to issue ADRs/GDRs in 1992 to raise foreign equity. An Indian entity
was allowed to make investments in overseas joint ventures and wholly owned subsidiaries to a
limit of US$ 100 million during one financial year. Investments in Nepal and Bhutan were allowed
to a limit of INR 3.5 billion in one financial year. Companies located in Special Economic Zones
can invest out of their balances
... Get more on HelpWriting.net ...

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Essay On Patient Billing

  • 1. Essay On Patient Billing It is important for billers and coders to be familiar with software programs because the healthcare industry is switching over to computerized patient documentation (EHR and EMR) and computerized insurance carrier billing for services and equipment, as well as computerized benefit and coverage verification. These types of healthcare facility specific software programs fall under the generic heading Medical Practice Management Software. Obviously some medical facilities are further along in the actual use of all the medical practice management software that is available, the financial incentives from Medicare and other insurance carriers for implementing such software and the long–term advantages that come with its use pretty well ... Show more content on Helpwriting.net ... This system allows patients the ability to schedule appointments themselves online, or have a telemedicine encounter. It also will email and/or text them appointment reminders and send consent forms through the patient portal and store them in the EHR. Next–day appointments automatically have insurance eligibility and benefits run with alerts for any issues. This system is iPhone and iPad compatible, is accessible via the cloud, and boasts that it has "the highest levels of data security available" (Software Advice, Inc., 2017). AdvancedMD is browser agnostic, can run on Mac and Windows, and also runs on almost any device. PROS: User–friendly software; video training library for each software function; adds new functions regularly; easy to use, well–organized billing program; payment posting feature integrates EOB info; customizable to individual practice/user; meets Meaningful Use requirements; automated insurance eligibility verification. CONS: Does not automatically upload or update the DMEPOS Medicare price list; high cost; many users complain of poor tech support; occasional slow–downs processing; does not work well with Google; one user complained that the regular upgrades freeze the system for extended periods of time and that affected timely claim submissions; encounter notes open in Word documents, not in the software program; software cannot prompt prescription refills. ... Get more on HelpWriting.net ...
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  • 3. A Report On Management Information System Management Information system is an online database of financial informational organized and programmed that works to produces regular reports on operations for different level of management in a company. It can also be used and developed special reports for daily operations. Another purpose of MIS is to give feedback to the managers about their performance; and give the top manger oversight to monitor the whole company. Information shown by MIS shows the actual data over and against planned results from a year ago to manage the progress and goals. MIS use routine reports that are programmed and ran in intervals or on demand while others are obtained using built–in demand languages; displayed functions built into the system used for the ... Show more content on Helpwriting.net ... Other airlines followed suit, creating their own systems. For example, Delta Air Lines launched the Delta Automated Travel Account System (DATAS) in 1968. United Airlines and Trans World Airlines followed them after in 1971, with the Apollo Reservation System and Programmed Airline Reservation System (PARS). The problem following these systems being developed is that travel agents begun to push for a system that would automate their side of the process. Fearing this would place too much power in the agent's hand. American Airlines executive Robert Crandall proposed creating and industry–wide computer reservation system to be a central clearing house for U.S Travel. In 1976, United began to offer their system APOLLO to travel agents so it wouldn't let them book tickets to United's competitors. After this, other companies started following suit and release their systems to travel agents. If we fast–forward to today, the systems that were developed by the airline companies have been crashing. One story recently showed in November of 2016, "Airlines report problems as booking system goes down", the computer booking system used by major American Airlines had a malfunctioned back in November. The system, known as Sabre said the outage happened in the middle of the day. It wasn't immediately clear how widespread the outage was. It seemed that only passengers at John F. Kennedy International Airport in New ... Get more on HelpWriting.net ...
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  • 5. How Digital Bangladesh Must Be Jointly With A Coherent...  Digital Bangladesh must be activated by 2021 to develop the intensive technology based banking system to move forward modern banking sector in Bangladesh.  Successful team building with a coherent manner for developing human ware, hardware, software and web ware are required to increase e–banking in a systematic way.  Greater emphasis should be put on security system and on preventing fraud so that any sort of financial transactions including on–line banking payment or any other electronic fund transfer can be properly handled.  Banks in Bangladesh should review their business strategy and create the required space for adopting technology driven banking.  Fortify ICT department through providing training to IT employees and procuring essential hardware and software.  Career path of hardware and software engineers should be properly designed. Otherwise professionals will be de–motivated and they won't work with job satisfaction in modern banking sector.  The management of the private commercial banks and nationalized commercial banks might allocate a part of their yearly profit for ICT penetration in banking activities and human resources development. They may also extend those services to the rural people of Bangladesh so that the rural people can also get the benefit of technology driven banking.  Create separate unit in each branch for rendering ICT related operational activities under the supervision of the ICT department.  To increase awareness of the ... Get more on HelpWriting.net ...
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  • 7. Impact of Industrial Development on Nigeria Stock Market Impact of Industrial development on Nigeria stock market. The potentials of capital market in Nigeria as a catalyst to economic and industrial development cannot be over emphasized. The capital market as an internal part of a country's financial system operates at the long end of the system to mobilize resources for long term development and growth. Basically, the capital market accelerates growth by providing ,relatively long term capital – debt and equity finance – for government and corporate sector. Several factors are said to contribute towards economic and industrial development of a country. These factors includes the availability of human (skilled and unskilled labor and material, land ,capital and technology) resources ... Show more content on Helpwriting.net ... For example,the South African stock market has about 650 listed companies while South Korea market has been traced to apathy of Nigerian entrepreneurs to go public due to the fear of losing control of their businesses. Another factor is the weak private sectors which is a serious constraint militating against healthy growth of the stock market. 11. The problem of stock market relates to the degree of access,which investors have in buying ,and selling of stocks in such a market. The more liquid in the stock market is the more the investors will be interested in trading in the market. The lack of adequate number of investors in the Nigerian stock market is a reflection of problem of liquidity in the market. At an average ratio of 2 percent per year,the turn–over ration, a measure of the value of share traded relative to local market capitalization is very low in Nigeria compared with 100 percent,9.0 percent and 4.6 percent in Botswana,Zimbabwe, and Mauritania respectively. The low trading activities are also a result of the ownership structure. Until 1995, when the Nigerian investment Promotion Commission Decree 16 and the Foreign Exchange ( Monitoring and Miscellaneous) provisions Decree 17 were promulgated to replace the Nigerian Enterprises Promotion Decree of 1989 and Exchange Control Act of ... Get more on HelpWriting.net ...
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  • 9. Electronic Payment of Salaries of Staff to Nigerian Civil... ELECTRONIC PAYMENT OF SALARIES OF STAFF TO NIGERIAN CIVIL SERVANTS PROBLEMS AND PROSPECTS T. A. NGEREBO–A,Ph.D DEPARTMENT OF BANKING AND FINANCE, RIVERS STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY, PORT HARCOURT, E–MAIL: oniminp2002@yahoo.com AND SUNDAY C. NWITE DEPARTMENT OF BANKING AND FINANCE EBONYI STATE UNIVERSITY – ABAKALIKI E–mail: nwitewhite2006@yahoo.com ABSTRACT Electronic payment of salaries to staff is a new development in the country. Electronic payment is a process of making payments online through the use of ATM, Debit cards, credit cards, electronic cheque conversion. Electronic payment of salaries was introduced so as to monitor ghost workers among the civil servants, to prevent unnecessary expenses ... Show more content on Helpwriting.net ... This has been due to four related factors:– 1. Proprietary closed network were developed by banks to handle large and increasingly internationally based payment system. 2. Large value payment are increasingly associated with foreign exchange and global security transactions thereby becoming divorced from underlying world trade. 3. Large value payment system were not designed nor are they cost effective for small value payments. 4. Paper – base–non–automated payment systems remain an established part of accepted business practice for varying institutional reasons thereby remaining in grained in economic system. REASONS FOR ELECTRONIC PAYMENT The reasons for making use of electronic payment to pay staff are:–
  • 10. 1. It helps in reducing the traffic in banking halls:– This is one of the reasons for introducing E– payments because it helps in reducing corruption and misconduct in the civil service world e.g. workers bribing accountants because they want to collect their salaries. (Nwite; 2000). 2. It also makes the work easier and relieves the banking staff of much work to be done since people can now withdraw their money through other means e.g. ATM, Debit card etc. (Jhingan 2004). 3. It saves time: Instead of queuing up in the bank to check account balance and to withdraw money, an SMS alert would have been sent and the customer can make withdrawal anywhere. (Becks; ... Get more on HelpWriting.net ...
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  • 12. Jaguar Logistics Is Responsible For Providing Excellent... Jaguar Logistics is committed to providing excellent customer service, while providing great employment to a diverse workforce. Our goal is to lead the 3PL industry through innovation and implementing environmentally friendly processes that protect the world we live in. We offer exceptional transportation and warehousing services while passionately leading the 3PL world in ethics and professionalism. Jaguar logistics is a 3PL company that handles cycle inventories of finished goods from domestic customers in the southeastern region. We are a distribution warehouse that specializes in breadth logistics services such as warehousing, inventory management and shipper–carrier relationships. We are located on the Northside of Jacksonville equal distances from Jacksonville International Airport and JAX Port/Blount Island. The warehouse itself has a layout 100,000 (see layout below) square feet consisting of a floor storage area, receiving and shipping area. We utilize RFID technology to assist with our inventory management. Our warehouse is setup with four receiving and four shipping bays. We utilize electric floor jacks and forklifts to minimize our environmental footprint. Jaguar Logistics provides best–in–class supply chain visibility through our proprietary warehouse management system. Jaguar's warehouse systems integrate directly with asset tracking and inventory management programs, allowing you to coordinate and manage your entire supply chain from a single interface. ... Get more on HelpWriting.net ...
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  • 14. Advantages And Disadvantages Of Electronic Payment System Payments are always an important of any business, whether it is traditional or online. In online business cash cannot be used as there is no direct contact between buyer and seller, therefore we use electronic payment systems. There are several methods using which one can pay for goods and services bought by buyer. Some methods are: Electronic funds transfer Electronic checks Electronic credit cards Purchasing E–cards E–cash smart cards Pay at ATMs B2B special methods Electronic bill presentment and payments The most common methods used are electronic funds transfer and electronic credit cards. Electronic Funds Transfer: Electronic funds transfer is the method where money is transferred from one bank account to another through ... Show more content on Helpwriting.net ... The entire amount due is to be aid at end of billing period eg: American Express The second most used payment method is Electronic bill payment. In this there are three methods, they are: Online banking Biller direct Bill consolidator ONLINE BANKING: In this the user has a account in any bank and registers for online bill pay service and pays all his bills using banks websites. The user is given user id and password by which he logins into bank's payment website and then he will be asked to type his transaction password. After which bank will deduct amount from his account and pay to seller with help of payment gateways. Payment gateways act as bridge between user's bank and seller. Eg.: CC Avenue BILER DIRECT: In this the consumer makes payments at biller's website by using credit card or debit card. The biller makes the billing information available to customer on website after which consumer initiates
  • 15. payment using Automated Clearing House transfer system. This method is also known as electronic bill presentment and payments. Eg: yahoo bill ... Get more on HelpWriting.net ...
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  • 17. Account Transfers And Uses Of A Fraud System o Account Transfers– movement of funds between internal accounts o ACH (Automated Clearing House) o Approval and Authentication– wire and ACH payments are programmed to require one or more approval to maximize fraud protection o Balance Reporting– displays both prior and current day balances and activities o Business Dashboard– provides a financial snapshot of the user account o Check Service– check inquiries and stop payment orders o Controlled Disbursement Reporting– beginning of the day notification of total require funds for the day o Import and Export– companies are enabled to add payment information to the system by importing files from local or network drive. They can also export ACH and wire information in several formats o System ... Show more content on Helpwriting.net ... Get their first and last name, email and phone number. If TMO could not receive much information, let the potential customer know TMA will send the client a questionnaire. o Prepare a proposal/ pro forma cost analysis and discuss with RM on alternative pricing scenarios o After determining the client is suitable for Treasury Internet Banking, determine the CSA (Company System Administrator). There needs to be at least 2 CSA for security reason. CSAs can add/remove user and determine who has access to which feature. o Prepare package for implementation and archive client executed documents submitted with enrollment forms. 3.4.2 Documentation Package: TMO/TMA will receive complete the Treasury Internet Banking package and will compile all required documents for implementation. Document packages may vary based upon the of enrollment but should generally include: o ACH Origination Specification (if applicable) o Addendum to Treasury Management Master Services Agreement: Third Party ACH Sender (if applicable) o ACH Due Diligence Worksheet (if applicable) o ACH Maintenance Coversheet (if applicable) o E–Statement Enrollment: Alternative Delivery ... Get more on HelpWriting.net ...
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  • 19. Technology And The Implementation Of Innovative Technology Besides these, major impediments and risks associated with the implementation of innovative technology are:  Data being stored in the computers is now being displayed when required on through internet banking, mobile banking, ATM etc. All these are threats for confidentiality of data.  Cost associated with adoption of new technology might not bring cash flows required to cover that cost. So banks could face cost overrun or cost control problem.  Another problem banks face with implementation of latest technology is integration of existing system with the new one.  In the field of IT, new technology is coming every day. The one which is very popular today might get obsolete tomorrow. So to have a competitive edge over the competitors the banks must always update their services.  The movement towards technology driven banking might marginalize the customers who do not have internet access or who are not technologically sound (Khalil, Ahmed & Khan).  The coverage of the private commercial banks and foreign commercial banks is concentrated mainly in urban and semi–urban areas. The rural parts of Bangladesh still remain outside of their services. In addition, modern banking involves some financial risks as well though it has bright prospects. According to Ali (2010), the major risk of modern banking includes operational risks (e.g. security risks, system design, implementation and maintenance risks); customer misuse of products and services risks; legal risks (e.g. without ... Get more on HelpWriting.net ...
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  • 21. The Information Systems Used by Comerica Bank Multiple aspects can make up an information system such as hardware, software, connections, and users. All of these aspects allow for the dissemination of information within a company. Many of the leading companies find information systems to be imperative assets to the success of their businesses and organizations. In a business setting, information systems are used daily in order to handle task associated with accounting, marketing, management and other related fields. Information technology is expanding and so have its roles, from data processing to business intelligence and everything in between. For decades it has even been known to make companies more efficient and also more effective. Fortunately, we were given the opportunity to discuss the information systems of a national company with some of its current employees . The employees we have chosen to interview are directly involved with at least one of their company's information systems which have further allowed us to gain a better insight on its procedures and also have a few questions answered. The company at the forefront of this report is none other than Comerica Bank. The interview we conducted was extensive and thorough, we examined several findings. First, we were able to examine the type of information system used, the type of organization it is implemented in, the major business process that the system supports, the systems inputs and outputs along with the major hardware and ... Get more on HelpWriting.net ...
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  • 23. Security Threats That Bank Of America Faces Today Common Information Security Threats In this paper, I will identify security threats that Bank of America faces today. In addition, I will describe the techniques and processes used to identify the vulnerabilities and threats, describe risks to the information and related vulnerabilities within Bank of America when utilizing components of the web. Discussions on BoA safeguard against legal issues will be addressed followed by the types of social data that potentially cause problems for this bank institute. In conclusion, I will explain the legal, ethical, and regulatory requirements Bank of America utilize for the protection of the organization. Bank of America is a multinational banking institute and one of the most trusted in the banking industry. This organizations sole purpose is to protect the customer's confidentiality and assets by ensuring that data protection is the number one priority; however any organization when holding personal information can be a victim of data breach and BoA is not exempt. One of the largest risks BoA faces today is Mobile Banking. This consumer convenience is used by fifty percent of smart phone owners (Finney, 2014). Phishing is also threat to the banking industry; this strategy by hackers allows the extraction of consumer passwords and other sensitive information. Hackers targeting banking institution employees with convincing e–mails that fool them into clicking on malicious links–which ultimately compromise their credentials or ... Get more on HelpWriting.net ...
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  • 25. Lo Loan For Salt Production Essay Loan to Diagnostic Centers Loan to Travel Agencies Loan for Salt Production 3.0 Services 3.1 Financial Services (Inland Remittance) Demand Draft (DD) Telephonic Transfer (T.T ) Mail Transfer (M.T ) JB remittance payment system (Deposit/ withdrawal from any branch) 3.2 Financial Services (Foreign Remittance) Online Speedy Remittance Maintaining NRT Account Foreign M.T. Foreign Remittance Foreign Demand Draft Collection of Draft, Cheque, TC Foreign Currency Endorsement 3.3 Other Financial Services Pay Order Pay Slip Security Deposit Receipt (SDR) 4.1 Utility Services Gas Bills Collection Electricity Bills Collection Telephone Bills Collection Water/Sewerage Bills Collection Municipal Holding Tax Collection Port Bill Collection Land Rent Collection
  • 26. 4.2 ATM Service Cash withdrawal Balance inquiry Mini statement of accounts Point of Sale (POS Welfare Service Payment of Non– Govt. Teachers' Salaries Payment of Primary and Secondary Girl Students Stipend Payment of Army pension/Civil Pension Payment of Widows, Divorcees and Destitute Women Allowances Payment of Old–age/ Disabled Allowances Food procurement Bills Issuance of Television License 4.4 Service to the Government Sale of Prize Bond Sale of Wage Earners Bond (W.E.B) Sale of SanchayPatra (S.P) VAT collection Tax collection Excise duty collection 4.5 Other Service Locker Service SMS banking Sale of Lottery ... Get more on HelpWriting.net ...
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  • 28. Fringe Benefit Management Project DC Water's third party consultant L. S. Caldwell & Associates was contracted to monitor all compliance, Davis Bacon Related Acts, Department of Labor and Fair Labor Standard Act activities for the Filtrate Treatment Facility project. As a part of this task, L. S. Caldwell & Associates received numerous certified payrolls from PC and their subcontractors. During the review of these documents the compliance officer noticed that the detailed hourly rate for the fringe benefits was not listed on the certified payrolls. At times during the project PC listed the fringe benefits, however the payroll administrator did not provide a detailed breakdown of the hourly rate. In addition, the compliance team discovered there were some misclassification of ... Show more content on Helpwriting.net ... This audit required PC to submit 1) names of employees that were actually receiving fringe benefits and 2) the detailed hourly fringe rate used from the wage decision established for this project. The initial audit started in March 2017, this review included identifying the employee's classification with site interviews conducted and cross referencing their title indicated on certified payrolls with the wage determination the project. During this process it was discovered that the fringe benefits hourly rate and employee misclassification restitution calculated to be $72,000.00. In order to confirm this amount without the specific details of the fringe benefit program, the compliance officer requested additional information to confirm this amount. In August 2017 when PC submitted the breakdown of the fringe benefits and made corrections to the misclassifications of several employees the compliance team concluded that only $6897.67 was owed in restitutions to 42 individuals. The audit was completed September 2017. Upon completion, PC was made aware of these issues and provided documentation to support this review. Part II. PC ... Get more on HelpWriting.net ...
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  • 30. Duty Payment Pros And Cons Duties must be paid for all imported merchandise that is entering the United States. Duty payments must be made in U.S. currency, certified checks, cashier's checks, or automatic bank drafts such as ACH. Goods that are produced in Mexico or Canada may be duty–free under NAFTA. It is the responsibility of the importer to correctly classify the items in order to determine the proper duty payment. The importer must exercise the Harmonized Tariff Schedule to establish the appropriate "rate of duty of all imported articles" (NCBFAA Educational Institute, 2017). Additionally, the obligation for the duty payment is established and sequentially filed at the time that the entry is submitted to CBP. The individual who is listed on the filed ... Show more content on Helpwriting.net ... Once the payment has been satisfied, CBP then sends a final statement to the individual through the ABI. Finally, the final statement is recognized as the payment receipt. CBP then conveys the information regarding the payment to the ACH processor to debit the filer's account, which is usually two business days. Minimizes the collection and approval processing time of the entry summaries Diminishes the risks and expenses associated with the managing of paper checks Reduces costs related to administrative processing Increases the effective control of duty payments and summary filings Filers that utilize statement processing are able to partake in Automated Clearing House (ACH) practices According to the CBP website, importers can "obtain up to an additional 10 days to pay duties, taxes, and fees on quota and other special merchandise classes" by utilizing the ACH system (Customs Now, 2017). ACH debit saves the importer, broker, and government costs and lessens the turn around payment time. According to the CBP website, "with ACH debit, the payer transmits payment authorization to CBP, and CBP send the payment information through the network to the payer's financial institution" (U.S. Customs and Border Protection, 2017). As previously mentioned, all statements in the Automated Broker Interface (ABI) can be paid in a central site. Each payer (importer or broker) is assigned a unique number that will be used for all ACH transactions. Once the total of ... Get more on HelpWriting.net ...
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  • 32. Clearing PERFORMANCE OF CLEARING FUNCTION MEANING OF CLEARING: The word clearing has been derived from the word "clear" and is defined as: CLEARING HOUSE: Initially state bank of Pakistan provides the facility of clearing in its clearing house where representatives of all banks sit together and interchange their claims against each other. But now state bank of Pakistan has assigned this responsibility to National Institute of Facilitation Technologies (NIFT). It is one of the services provided by NIFT to other commercial banks. NIFT acts as a clearinghouse. Different banks are the members of the clearinghouse. A representative of each bank represents his bank in the clearinghouse. Each bank has collected cheques as behalf of their customer but ... Show more content on Helpwriting.net ... As of May 2009, 40 commercial banks and their 5571 branches in 185 major cities, 20 data centers utilize NIFT's services. NIFT has setup elaborate data centers geared to provide automated services for document processing particularly in the payment arena. Modern image based facilities have been established at Karachi, Lahore, Islamabad, Peshawar, Rawalpindi, Hyderabad, Multan, Faisalabad, Quetta, D.I.Khan, Sialkot, Gujranwala, Sukkur, Bahawalpur, Muzaffarabad, Jhelum, Abottabad, Mirpur, Sahiwal and Sargodha. The services include cheques clearing, reconciliation, 'return' (unpaid) cheques processing, same day clearing (express – 2 hrs. clearing service), intercity clearing and inter branch & inter bank settlement. Services are provided at individual branch level to over 5571 branches in 184 major cities and smaller cities. VI. SEND REPORT TO THE BANK:– After delivering the cheques to different banks NIFT send report to Habib Bank Limited Mall branch Lahore, then the bank's staff tally the amount of that report for its own record. VII. DELIVERED CHEQUES TO RESPECTIVE BANKS:– Next morning, these cheques are delivered to the respective banks between 9:00 to 9:30AM. In the same manner, other banks present their clearing drawn on Habib Bank. Total number of cheques and their amount delivered to other banks and received from them are written on the Clearing House schedule branch for their payment. After proper scrutiny of cheques, ... Get more on HelpWriting.net ...
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  • 34. Report on Investments of Export Import Bank Bangladesh... 1. Background of the report After completing two semesters at University of Dhaka, under the Master of Business Administration Curriculum, Mohammad Maruf Islam, author of this report was placed in Export Import Bank of Bangladesh Limited, Shimrail Branch, Shiddirgonj, Narayangonj by the Human Resources Division of EXIM Bank Ltd. as part of the internship program requirement. This report is prepared for the internship program consisting of a major in depth study of the "General Banking Activities of EXIM Bank Limited". The internship program exercises a significant importance as it enables a student to familiar with the practical business activities. The students work closing with the people of an organization and learn about the function ... Show more content on Helpwriting.net ... Hence it was little bit difficult for them to help within their high schedule. Time is an important issue in report writing. As I have been given a specific dead Line for submission, observation and learning all the banking operation within three month and also to prepare the report all along which is really tough. Relevant data and document collection were difficult due to the organization confidentiality. Non availability of data in a systematic way. Not enough data of year 2006 was available as the bank's annual report of 2006 was not published at the time of preparing this report Lack of fund – A study for any purpose requires a minimum amount to the investigator or the researcher. But in this case the student had to pay for almost all expenses starting from stationary transportation communication to the printing of the paper. Shortage of written material In spite of all these limitations I have tried to put the best effort as far as possible. 1. Variables Covered To complete this report I have followed a systematic study which include working, inspecting and talking to the executives at different levels of the organization to know the present scenario of the banking practice. Population: All the branches of EXIM Bank Limited in Bangladesh have been taken into consideration as the population of this report. Sample: EXIM Bank limited; Shimrail Branch has been selected as a sample of ... Get more on HelpWriting.net ...
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  • 36. Roches Acquisition of Genentech February 11, 2011 Dear Valued Scotiabank Customer, In an effort to keep our customers informed, we would like to update you on the Payments Systems Reform process being implemented by the Bank of Jamaica (BOJ). e BOJ implemented a Real Time Gross Settlement (RTGS) system in February 2009. e RTGS is an on–line funds transfer system where the transfer of money is effected from one bank to another in "real time". e BOJ has indicated that effective March 31, 2011, financial transactions with a large value (i.e. $5,000,000 and above) are to be cleared via the RTGS system instead of the "regular clearing" system (Automated Clearing House/ACH), where all cheques are now cleared. Consequently, the BOJ will impose a penalty of $5,000 on any ... Show more content on Helpwriting.net ... Another option, providing you have signed our fax and email indemnity form, would be to email or fax your instructions with the necessary details to your branch. Q – Will I still be able to write cheques valued at J$5,000,000 or more? You can still write cheques valued at JMD $5million or above, however if these items are presented at another Bank, it will incur the deferred penalty fee of $5,000 per item as imposed by the BOJ, and this fee (plus GCT) will be subsequently charged to your account. Please be reminded that should the BOJ determine that the volume of large value transactions has decreased by 50% then your account will be credited the penalty fee at that time. Q – When will I know whether the volume of large value transactions has met the BOJ's target of 50% and thus know whether my account will be reimbursed? It is expected that BOJ will advise Scotiabank about this at the beginning of 2012. As soon as we are notified we will pass this information to our customers and reimburse your account at this time (assuming the 50% or greater reduction in volume was achieved). Q – I don't have a chequing account but from time to time I would request a Manager's Cheque. Will this fee also affect me? Because this fee applies to all cheques, including Managers Cheques and corporate cheques issued for JMD$5 million or more, Scotiabank will no longer be issuing Manager's Cheques valued at JMD$5 million or over. However you will be able to electronically ... Get more on HelpWriting.net ...
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  • 38. Business Sector : Problems And Prospects Of Modern Banking... Innovations in Banking Sector: Problems and Prospects of Modern Banking in Bangladesh Introduction: The innovation in banking is applied with a sensitivity to all concerned ~ the bankers using the modern banking instruments, customers enjoying seamless modernized service and stakeholders receiving improved earnings due to the tech savvy banking. In the lights of automation in banking, it is felt that a whole new world of convenience has opened up for customers and the banks themselves have become more efficient in service provision. It is very much true in the modern day that, technology is inseparable from the processes of economic growth and development of any developing country, and for the collection of capital. Given this fact and the significant role of commercial banks adapting modern technology and contributing in the development process, there is obvious scope for an investigation of the impact of modern technology in the banking system. The rapid advancement in information and communication technology (ICT) has extensively swayed the banking industry. Banks and other financial institutions have improved their services as financial intermediary through adopting various Information Technologies (IT). Technology has become a tool that facilitates banks ' organizational structures, business strategies, customer services and related functions. The recent "Information Technology (IT) revolution" has exerted far–reaching impact on economics, in general, and the financial ... Get more on HelpWriting.net ...
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  • 40. Analysis Of Computerized Banking System- Hdfc Bank Project report submitted in partial fulfillment of the requirement for the award of degree of POST GRADUATE DIPLOMA IN MANAGEMENT SUBMITTED BY Ashish Puri (Roll Number: 1321001578) SUPERVISED BY Mr. Lalit Taneja (Project Lead at Syntel Ltd.) CERTIFICATE This is to certify that the project study entitled "Analysis of computerized banking system– HDFC Bank" is a bonafide work done by and submitted in partial fulfilment of the award of degree in Post Graduate Diploma in Management. Mr. N.M. Mishra Faculty Guide DECLARATION I hereby declare that the project "Analysis of computerized banking system– HDFC Bank" submitted in partial fulfilment of the award of the Post Graduate Diploma in Management of the IMT University, Noida, has been carried out by me under the guidance and supervision of Mr. Lalit Taneja during the academic semester 2014–15. It has also not being submitted by me or any body for the award of any other degree or diploma of this or any other institution earlier. Date: 20–May–2015
  • 41. ACKNOWLEGEMENT I would like to express my deepest gratitude to my supervisor, Mr. Lalit Taneja , for his excellent guidance, caring, patience, and providing me with an excellent atmosphere for doing research. I would like to thank Mr. Nikhil Deshmukh of HDFC Bank Magarpatta City ... Get more on HelpWriting.net ...
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  • 43. Modern Changes in International Equity Markets Essay Modern Changes in International Equity Markets Few things, you might think, are as enduring as a national stock exchange. From pillared entrance to pulsating floor, they display an institutional solidarity that can surely defy forces for change. And yet most of the world's bourses are now in turmoil, as they scrabble to be seen making alliances or mergers, to fend off electronic competitors, or simply to survive. Even New York, the biggest of the lot, is worried: while London, the biggest in Europe, seems to lurch from one misstep to another. (The Economist, 17th June 2000). These missteps have come about from a number of structural changes that have, and are still occurring within national, and global economic environments. A ... Show more content on Helpwriting.net ... (Bank Of England, 1999). Exchanges such as Brussels, Luxemburg and Amsterdam stock exchanges, all have cross–membership agreements, where under these agreements exchange members have access to products from each of the other exchanges respectively. The Europe's biggest exchange, the London Stock Exchange (LSE), and the German Deutsche Borse have recently announced a merger in a number of steps are able to electronically access both trading– platforms. (The Economist, 2000) There is also a tie between the New York Stock Exchange (NYSE) and LSE. The tie is not in a traditional sense, but Clementi (2001) has shown that the UK and the US both have large Cross–border investment, with the UK holding $110billion or 8% of UK GDP in us markets. Clementi (2001) suggests that these unofficial ties, make the UK dependant on the US economy, an therefore making it vulnerably to any economic downturn, as seen at the moment with the speculate US recession. (Bank Of England, 2001:131). The third major change that has been seen is that of exchange ownership is being separated from the members. This has been done in Amsterdam, Stockholm, Milan and Australia, to name just a few. Yet the worlds largest stock exchanges are all still owned by it's members, and the largest of these, the NYSE, is still run in the traditional floor trading style, while most other world markets are completely automated. There are many pro's and con's of a floor trading system, but ... Get more on HelpWriting.net ...
  • 44.
  • 45. Trading & Settlement Process UNDERSTANDING THE TRADING AND SETTLEMENT PROCESS AND OTHER DOCUMENTORY REQUIREMENTS AT BROKERS' OFFICE TO OPEN THE TRADING ACCOUNT Understanding Trading and Settlement of Equities Stock market is a trading platform which provides an opportunity to buyers and sellers of securities to do transactions. As of now there are 23 recognised stock exchanges in India and 24th is likely to get functional soon. However the majority of transactions in securities happen only on the National Stock Exchange. The Bombay stock Exchange is the second largest contributor in the overall pie of total transactions. However it 's contribution is ... Show more content on Helpwriting.net ... Trading of securities happen on the first day while settlement of the same happens two days after. This means that a security bought on Monday will be received by the client earliest on Wednesday which is called pay out day by the exchange. However there is provision which allows a broker to transfer securities till 24 hours after pay out receipt. Hence the broker may transfer shares latest by Thursday for a security bought on Monday. Any transfer after Thursday would invite penalty for the broker. If a person has bought security then he is supposed to pay money to the broker before pay in deadline which is two days after trading day but the second day is considered till 10:30 a.m. Only.Hence the client must pay money to the broker before 10:30 a.m. On T+2 day. Settlement of securities is done by the clearing corporation of the exchange. Settlement of funds is done by a panel of banks registered with the exchange. Clearing corporation identifies payable/ receivable position of brokers based on which obligation report for brokers are created. On T+2 days all the brokers who has transacted two days before receive shares or give shares to the clearing corporation of exchange. This all is done through automated set up Depository which involves NSDL and CDSL. One of the most noticeable achievements of Indian securities market have been reduction in the settlement cycle which has brought it at par with ... Get more on HelpWriting.net ...
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  • 47. Global Business Is Especially Complex Due To The The... Global business is especially complex due to the the globalization of markets. There are significant cultural differences between countries and regions, sometimes there are even multiple cultures in a single country. However, businesses must learn new innovative ways to transcend distance and culture because if they do not their corporations will never grow. Expanding to foreign countries can provide a business with millions of new customers. In order to increase business, businesses must globalize. Luckily enough, this is becoming easier since trade barriers are starting to dissolve and communication to most parts of the world today are basically instantaneous. There are many ways a company can decide to expand internationally. One of ... Show more content on Helpwriting.net ... Cayan provides affordable credit card processing services to all types of businesses with a goal of connecting those businesses to new payment technologies. Furthermore, they work to utilize the power of technology to engage additional customers. The CEO and founder of this company realized there was a need for simplified credit processing, as a result, they developed Cayan. Initially they restructured the equipment buying process, while maintaining affordability for small businesses. In addition to that, the company grew and developed due to Cayan's constantly updating and creating new products in order to grow with the ever–changing needs of customers, further communicating their mission and vision. According to their website, Cayan is using our mobile devices in more and innovative ways. They have developed an application that accepts credit cards. This is the first application to ensure point to point encryption, which is a security measure that automatically encrypts confidential credit card information. This protects the card from fraud or being hacked. They also developed their Genius platform, allowing the user a variety of payment options such as gift card programs and loyalty solutions. These solutions have made businesses more successful by making it easier for customers to perform transactions. Cayan is still providing affordable services to all kinds of businesses and keeping ... Get more on HelpWriting.net ...
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  • 49. Small Business: Lefra Transportation, Inc. Essays Lefra Transportation, Inc. Lefra Transportation, Inc. is an established privately owned and operated small business ambulatory organization located in Brooklyn, New York. The primary focus of this organization is to provide transport services to clients who are in need of dialysis treatment. The main duties are carried out by ambulatory drivers and other working colleagues who assist clients from their place of residence to dialysis centers and returns them to their abodes. The state of New York has 5 boroughs, Brooklyn, Queens, Bronx, Manhattan, and Staten Island. According to the statistic figure from the United States census bureau, "the population estimate of New York for 2013 is 19,651,127" (United States Census Bureau, 2013). ... Show more content on Helpwriting.net ... For unknown reasons, patients were eligible for treatment in the current week, but would be out of coverage for the following three weeks for the month. This circumstance created several serious issues, firstly, it delayed the distribution of payments to treatments centers and transportation providers. Secondly, transportation providers were not receiving their full amount for which they billed, and also depending on the size of the transportation provider, ambulatory drivers were sometimes not paid for weeks. Factoring other major company expenses such as insurance, vehicle maintenance, and safety; other prominent reasons for the change was because there were no automated recording of patient eligibility, and the lack of a computerized recording system that would record the days of treatment of a patient on the part of transportation providers. Henceforth, a change needed to be made speedily to rectify the the impending issue. According to Daft, "managers communicate to provide effective change in an organization through planning, leading, and organizing; thus, there are control functions analyzing performance in comparison to plans and standards" (Daft, 2012, pg.482). The coalition of transportation providers along with state authorities moved to implement a mechanism that would resolve the issue quickly. The type of Change Needed. Lefra Transportation, Inc. and other transportation ... Get more on HelpWriting.net ...
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  • 51. Advantages And Disadvantages Of E Banking 2.4 Advantage and Disadvantage of E–Banking:– The electronic banking has various advantages than the traditional banking system which is simple and convenient for the users. The advantages are– (i) Electronic banking is easy to open and operate by general people. (ii) One can easily pay their bills and transfer their money without any problem. Because of this people don't have to stand in long queue and keep their receipt safely as transactions are viewed by the person at anytime. (iii) The electronic banking is available at anytime because it is open 24 hrs. People can access their account from anywhere and the night time and holidays also. (iv) The e–banking is fast and efficient and people ... Show more content on Helpwriting.net ... In this system security parameters were embedded to ensure that credit card numbers are replaced with other numbers termed First Virtual Personal Identification Number. A person's account was not charged till e–mail verification was obtained from the person confirming the purchase. Cyber Cash:– Cyber cash is a payment method that makes use of encryption technology in transferring credit card information. It uses unique programmes called as a "cyber cash wallet software programme." A customer would register with cyber cash and be allotted a wallet ID and a password connected with one credit card. E–merchant sets up an account with the bank that accept a payment transaction using cyber cash and the bank approves or denies a transaction in an encrypted from the merchant. Digi Cash:– The Digi Cash system is generally used for micro payments. Digi cash provides for safe account system to avoid misuse of sensitive data of customer when they make payments online. This system is no more being used. Mondex:– Mondex initially applied to the offline world and slowly shifted its base to online transactions. It is a chip card based system that applies to card transfers of money and invalidates spoofing request to transfer money. This system is similar to the e–cash system wherein funds are stored in the ... Get more on HelpWriting.net ...
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  • 53. The Importance Of Harvesting Personal Identity "Clearly, even smart kids can be street (internet highway) thugs! Unfortunately, no police force seems smart enough to halt this sinister revenge of the nerds...." (Hall, 2005). For many of us, we do not realize how easy it is for a person to harvest the personal data of someone and never even break into a person's home. When we talk about harvesting personal data, the image of a huge combine rolling through the fields extracting the crops come to mind. For identity thieves, this harvesting may not be so obvious but can be that simple. Some of the means that have been used to harvest these stolen identities can be in public places where there is "shoulder surfing" which is simply looking over someone's shoulder in a public place as they to ... Show more content on Helpwriting.net ... The next steps in this process are the added touches of concealment for their evil deeds. They immediately change the address for mailing to a new address so that the original owner does not get any items that are ordered delivered to them or notifications of the profile changes. Then they change the method of billing from paper to email with a factious email address. Now that they have completely altered everything on the profile page, the new profile in your account has been created and they have free access to shop on line. In a more devious act, lets add an extra step to this process. The criminal will first make a small purchase to test the waters to see if the transaction will go through. If so, the criminal will follow through with a much larger purchase that in some cases will max out the credit limit for this holder. The more advanced criminals who know how Company X's credit program works, will make an online payment using an Automated Clearing House (ACH) process to pay the card off in full using fraudulent bank information. With the ACH, the credit line is tricked in assuming a payment has been made and opens up the full line of credit for additional purchases. In the next few days this process will continue and in about 48 hours when the ACH is declined due to an invalid account, the charges are reversed back to Company X. By this time, the credit limit has been cleared and maxed three or four times and the victim is unaware of all of this ... Get more on HelpWriting.net ...
  • 54.
  • 55. Essay On Electronic Funds Transfer 2.13 THE HISTORY OF ELECTRONIC FUND TRANSFER The history of electronic fund transfer and electronic banking are to a large extent ,closely interrelated with that of the automated banking systems and also the growth of the consumer financial service market now widely offered by banks. The global advent of electronic fund transfer was first marked in the 1950s when there began a major shift in focus of commercial banks to provide services for smaller businesses and individual consumers rather mainly big businesses or organisations.This major shift marked the beginning of "retail" and "full–service" banking.It was the enhanced and growing attractiveness of consumer deposits at a period of rising loan rates and a desire to be part of the ... Show more content on Helpwriting.net ... Congress passed the Electronic Funds Transfer Act to establish the rights and liabilities of consumers as well as the responsibilities of all participants in EFT activities in the United States. Electronic Funds Transfers This Agreement and Disclosure is made in compliance with federal law regulating electronic funds transfers (EFT) services. Electronic funds transfers are electronically initiated transfers of money involving an account at the Financial Institution. The following disclosures set forth your and our rights and responsibilities concerning the electronic funds transfer. In this Agreement, the word "you" and "your" mean those who sign as applicants or any authorized user(s). The words "we", "us", and "our" mean the Financial Institution. Online Banking Types of Transactions: You may access certain account(s) you maintain with us by computer using your assigned user ID and password by accessing the online banking services. You may use the online banking service to perform the following functions: Transfer funds between eligible accounts. Obtain balance information on eligible accounts. Review transactions on eligible accounts. Make loan payments. Limitations on Frequency and
  • 56. ... Get more on HelpWriting.net ...
  • 57.
  • 58. Patient Billing And Meaningful Use Of Computers In Medical... The first software I looked into is called AvancedMD. According to the review I read on softwareadvice.com this system incorporates many very useful features for a busy medical practice. These include Electronic Health Records, a patient portal for patient engagement, telemedicine capability, and patient point of care documentation. On the billing and coding side of things, it offers financial analytics, business intelligence reporting, and automated charge capture (billing and coding) occurs during the process of patient data being charted. This system allows patients the ability to schedule appointments themselves online, or have a telemedicine encounter. It also will email and/or text them appointment reminders and send ... Show more content on Helpwriting.net ... The second software program I researched is athenahealth EHR Software. The review I read about this software program lists many abilities that would be desirable in a busy medical practice. Among these attributes are an ability provide cloud–based EHR, revenue cycle management, medical billing, patient portal, coordination of care, population health management, and Epocrates, a point of care mobile app. A network of over 99,000 providers is using this software at this time. Users can look over the daily schedule, patient information, look at incoming lab results and review current orders. This is done via a home page on the EHR. There is a billing function that can be used within the EHR or on its own. The rules engine is constantly updated. Included in the medical practice management functions are daily responsibility visibility, custom benchmarking, and proactive trends analysis. The Patient Portal allows patients to make payments, review their history, sign forms, and schedule appointments. The system sends patients reminders via email, text, or phone messages, as well as alerts when they have lab results waiting to be reviewed. I was pretty impressed with this system until I read the reviews posted by actual users and purchasers of this system. PROS: The ability to incorporate assessments and plans from previous encounter notes; the EMR software itself; accessible from anywhere; EHR/PMS system can serve the practice needs of many specialties and ... Get more on HelpWriting.net ...
  • 59.
  • 60. Management And Leadership Experience At Wells Fargo As A...  Sixteen years' financial service industry experience with Treasury Management tools, Trust Portfolio Reporting, and Automated Clearing House (ACH) systems; Currently with Institutional Retirement and Trust providing system support and implementation of Retirement Services. In addition managed marketing development with Harvest Consulting Group focusing on consumer campaign projects with insurance, banks, and associations; most notable the West Virginia Bankers Association and One Valley Bank.  Five years' management and leadership experience, with teams ranging in size from 3 to 9 direct reports. Duties involved staff resource planning, maintaining a budget, interviewing potential employment candidates, conducting formal performance evaluations, performance tracking, and mentoring. Adept at establishing and maintaining business customer relations; organize and prioritize key issues from a strategic and tactical position. This is in addition to the six years' experience at Wells Fargo as a technical team lead within web application development and system support groups.  Seven years' business experience coordinating marketing initiatives from concept to completion, product management, directing resources, and maintaining relationships. Responsibilities include developing business requirements, identifying key performance indicators (KPI), presentation delivery, analysis of website statistics, developing customer relationship management (CRM) tools, market research, ... Get more on HelpWriting.net ...
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  • 62. Gun Violence : The Pros And Cons Of Gun Control I choose to talk on a topic that most people is clearly not comfortable talking about until something major happens. I chose to talk on gun control, not that this is an easy subject to focus on but one that is seeking the attention all around the world. The one thing I do not like when it comes to any law is that religion and politics is always brought into anything when someone wants to make and prove a point. "The second amendment protects an individual's right to own guns; that guns are needed for self–defense from threats ranging from local criminals to foreign invaders; and that gun ownership deters crime rather than causes more crime" (Procon.org., 2017). One thing I find interesting for the argument is that guns are rarely used in self–defense. This is true most of the crimes that is being committed are most of the victims are not allowed to defend oneself making the crime seem very senseless. Another pro is guns that are owned legally will likely get stolen and used by someone with a criminal background. More gun controls lead to fewer suicides. Most adults, including gun owners, support common sense gun control such as background checks, bans on assault weapons, and bans on high–capacity magazine. Enacting gun control laws such as mandatory safety features would reduce the number of accidental gun deaths. Now thinking about the cons of the gun control, I hear more about gun related offenses then being able to defend why it happened. There is so much crime that I literally think people shot just to be shooting. Plus there is no way of stopping a criminal from obtaining a gun think about it a gun can be brought illegally. " In addition to federal gun laws, each state has its own set of gun laws ranging from California with the most restrictive gun laws in the country to Arizona with the most lenient, according to the Law Center to Prevent Gun Violence" (Procon.org., 2013). Guns can be stolen and used to create more crime. Suicides are on the rides but would there be fewer suicides if a gun was not involved. People use guns to commit suicides because it is probably the quickest way to end a life but is it always efficient. Being a licensed gun holder I do not advertise that I am certified to own and ... Get more on HelpWriting.net ...
  • 63.
  • 64. How Money Changes Hands : A Small Window Into The Federal... Professor Cadena Principles of Macroeconomics 15 April 2016 How Money Changes Hands – A Small Window into the Federal Reserve Many people give no thought as to the daily operations of the Federal Reserve. It has a shocking amount of impact on the daily lives of every American. Without its influence, I believe it is safe to say our lives as we know them would come to a screeching halt. Everything from the value of our currency (therefore the prices we pay) and ensuring banks are not ripping off its customers, to completing digital transactions within tenths of seconds is regulated for the stability of the people, the nation, and the world. The responsibility for oversight of trillions of dollars on a daily basis falls to them. The ... Show more content on Helpwriting.net ... As easily seen in the graph from the Federal Reserve's Study (Reserve, Gerdes and Liu), the number of noncash transactions has greatly increased. Although the number of checks used has decreased greatly, Automated Clearing House transactions – which pass through the Federal Reserve's control – are still a major player in the number of transactions. All transaction types are broken down very specifically in order to identify trends. It is noteworthy that the report states that even though the number of ACH transactions is on the rise at a much slower rate the value per transaction is drastically increasing. At first glance, you might think that this is due to the relatively new implementation of the use of "offset entries". Offset entries bundle payments to a single payee from multiple payers. For example, when you pay a bill your bank will not immediately send the money to your creditor's bank. It will wait until there are a large number of payments to that bank and combine them. They may do this even if you and your creditor have the same bank. This lowers the number of transactions and increases their value. However, they only do this about 8% of the time. The reason the value is on the rise so dramatically is due to the increase of corporate cash concentration and disbursement entries (CCDs) and prearranged payment and deposit entries (PPDs). PPDs are transactions like payroll payouts, many of which now make use of direct deposit. The ... Get more on HelpWriting.net ...
  • 65.
  • 66. Bank Accounting Information System and Electronic Banking Introduction Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999). An information system is a set of interrelated subsystems that work together to collect, process, store, transform, and distribute information for planning, decisions making, and control. An information system need not be a computerized system, but the use of computer in information systems can improve the ... Show more content on Helpwriting.net ... Electronic technology spreads from this central point through the whole process of bank funds transmissions, finally reaching outside the banks direct to retail customers and corporate treasuries. Electronic banking started in the United States because the clearing arrangements between the large numbers of geographically dispersed US banks was extremely inefficient. Corporate customer pressure for improvements was becoming irresistible. In addition, the early availability of cheap computing power encouraged pioneering work in the United States to achieve savings from more efficient use of the banking system. The creative use of the emerging technology, which had been developed for other purposes, and paid for by other industries' research budgets, was fundamental to the progress of electronic banking and the significant savings achieved thereby. The American banks did not have it all their own way. The first ATMs in the world were introduced to the public in the United Kingdom by Barclays Bank in 1969. Once customers became familiar with them, they spread rapidly. By 1985, 160,000 units were run by banks worldwide, with about 9,000 in the United Kingdom (Deakin, Goddard & Welch, 1999). By 1990, the pace of change had started to accelerate – electronic banking had become the norm in corporate treasuries with electronic links between balance reporting systems and second–generation treasury management system or spreadsheets and from treasury systems to ... Get more on HelpWriting.net ...
  • 67.
  • 68. Elaborate and Explain the Organizational Structure, Powers... Introduction Aside from the Companies Act 1965, the primary laws governing the regulation of securities and futures in Malaysia are the Securities Industry Act 1983, the Securities Commission Act 1993 and the Futures Industry Act 1993. The term 'securities laws' is defined in the Securities Commission Act as meaning these Acts as well as the Securities Industry (Central Depositories) Act 1991: section 2. References to these laws also include references to any regulations, rules, orders, notifications and other subsidiary legislation made under them: section 2A, Securities Commission Act. The Securities Industry Act , which is formed on the provisions and structure of the Australian Corporations Law and the Hong Kong Securities and ... Show more content on Helpwriting.net ... The Securities Industry Development Corporation is linked and reports directly to the Chairman. Other than that, there are four other departments directly linked to the Chairman as well, which are: a) Office of the Chairman; b) General Counsel; c) Corporate and International Affairs; and d) Investor Affairs and Complaints. As stated in the organization chart from its website , the Deputy Chief Executive is also directly under the Chairman, with two Managing Directors reporting to it. Under these two Managing Directors are branches of five departments which are: a) Strategy and Development; b) Issues and Investments; c) Market Supervision; d) Enforcement; and e) Corporate Resources. By virtue of section 5 of the SCA, no member of the Securities Commission shall hold full time office in any public listed company. In an effort to dispel even the remotest appearance of lack of impartiality or risk of conflict of interests, a member of the Securities Commission or any committee who has or acquires a direct or indirect interest in relation to any matter under discussion by the Securities Commission or any committee is required to disclose the existence of his interest and the nature hereof. Failure to disclose may render the affected member guilty of an offence and shall on conviction be liable to a fine not exceeding RM250,000 or imprisonment not exceeding five years or both. Functions of the Securities Commission ... Get more on HelpWriting.net ...
  • 69.
  • 70. Payment System BANCO DE GUATEMALA PAYMENT SYSTEM OF GUATEMALA: EVALUATION AND MODERNIZATION PROPOSAL Guatemala, October 2004 I N D EX INTRODUCTION............................................................................. I. 1 CONCEPTUAL AND PHILOSOPHICAL ASPECTS OF A PAYMENT SYSTEM....................................................................................... 2 1. 1.1 1.2 1.3 1.4 1.4.1 1.4.2 1.4.3 1.4.4 1.4.5 2. 2.1 2.2 3. 3.1 3.2 4. 5. 6. 7. Generalities......................................................................... Definition............................................................................... Importance............................................................................ Characteristics ...................................................................... Components of a modern payment system............................ Real Time Gross Settlement Systems –LBTR– ................... Banking Clearing Houses ......................................... Automated Clearing Houses –ACHs– ...................... Cross–border ... Show more content on Helpwriting.net ... Also the current operation of the Guatemalan payment system is described, emphasizing the operational and legal aspects, in national and foreign currency, as well as in the settlement of security titles; in inter–bank transfers and of the public sector. Later, regarding the international experience in matters of payment systems, there appears a description of cases such as Chile, Mexico, Costa Rica and Colombia, which are in the process of modernizing their payment systems, and for the effect, the structure, payment instruments and achievement of reform projects in said countries is mentioned. Finally, taking as a reference the vision of a modern payment system and the experience of other central banks regarding the implementation of real time gross settlement systems, the integral modernization strategy of the country's payment system is described; therefore, the present document includes a modernization matrix of said system, which contains the activities to be carried out, which are contracted to the strengthening of the normative frame of the payment system, to the implementation and modernization of the payment system and to the institutional cooperation that said modernization requires. The Payment System of Guatemala: Evaluation and modernization proposal
  • 71. I. CONCEPTUAL AND PHILOSPHICAL ASPECTS OF A PAYMENT SYSTEM c) 1.1 1. Generalities Definition The Bank of International Settlements ... Get more on HelpWriting.net ...
  • 72.
  • 73. Overview Of The Digital Satellite System Essay OVERVIEW SUMMARY OF QUALIFICATIONS  Five years' within the direct broadcast Industry. Liaison with manufacturers distributers, and retailers of the DirecTV Digital Satellite System. Involved with the initial product launch in 1994 until USSB was acquired by DirecTV for $1.3 billion in 1999.  Five years' direct management, with teams ranging in size from 3 to 9 direct reports. Duties involved staff resource planning, maintaining a budget, interviewing potential employment candidates, conducting formal performance evaluations, performance tracking, and mentoring. Adept at establishing and maintaining business customer relations; organize and prioritize key issues from a strategic and tactical position. This is in addition to eleven years' leadership experience. Including Wells Fargo as a technical team lead within application development and system support groups. Awarded Wells Fargo Corporate Title of Officer in 2010.  Seven years' business experience coordinating marketing initiatives from concept to completion, product management, directing resources, and maintaining relationships. Responsibilities include developing business requirements, identifying key performance indicators (KPI), presentation delivery, analysis of website statistics, developing customer relationship management (CRM) tools, market research, website user interface (UI) design, quality assurance (QA), and user experience (UX) testing.  Fifteen years' of Information Technology experience with a solid ... Get more on HelpWriting.net ...
  • 74.
  • 75. European Influences On Canada's Culture Canada's culture Canada's culture over the years has been influenced by the European culture, especially British and French traditions, USA (it's neighbouring country) and its own indigenous culture. Canada has a very welcoming attitude towards other cultures and religions. Canadian Clothing Canadian clothing is very much influenced by the United States and other western countries and though it gets really cold in Canada, mode of dressing tends to differ from each season and region. Canadian Religion Since most of the settlers and immigrants that colonized Canada came from Europe, christianity has been the most prevalent religion in Canada and most of the christians are Catholic. Atheism has increased to 24% of Canada's religion. While ... Show more content on Helpwriting.net ... It is currently the best communications technology to deliver mobile financial services to low– income customers out there. It allows customers manage their bank accounts on a mobile device without requiring data. USSD is convenient, mobile and easily accessible which would make banking for Canadians easier by using short codes instead of ATM card numbers. Why choose USSD? It can run without both mobile softwares and SIMs. Customers are not charged for the service which is being used through USSD unlike SMS where the customer will be charged as per the SMS type of tariff plan of the telecom operator. GPRS (General Packet Radio Service), that allows you transfer data over cellular networks like 2G and 3G, is not required because USSD works on voice connectivity. It is more secure than SMS as USSD data is encrypted and not stored. It is a GSM service that provides interactive communication at high speed between its subscribers and applications (making use of a GSM network) . No installations of any application is ... Get more on HelpWriting.net ...
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  • 77. Cooperative Bank Case Title of the Report: Case Analysis of 'The Cooperative Bank' The Purpose: The purpose of the report is to submit the analysis of The Cooperative Bank based on the Activity Based Costing methodology To whom it is submitted (Name of the instructor): Prof. Sandhya Bhatia, Professor, Managerial Accounting, Indian Institute of Management, Udaipur Name of the Author: Abhishek Sengupta Anubhav Nigam Ravindran Damodaran Saurabh Srivastava Date of Submission: 24 February 2013 Organization/Institute's name (and logo): Indian Institute of Management, Udaipur TABLE OF CONTENTS Situation ... Show more content on Helpwriting.net ... 2. Clear Debit Items ($1022140) – The process of clearing Debit Items can be majorly automated through Automated Clearing Houses (ACH). The manual clearing facility may still be made available only on the basis of need and customer profitability. 3. Customer Inquiries ($850569) – This process/activity can be automated through Point of Sales (POS). The strategy can reduce the associated overheads and at the same time improve customer experience. VISAAccounts: The VISA account is the second highest revenue generating stream. The revenue is
  • 78. contributed by the three products viz. VISA Classic, VISAAffinities and VISA Gold. Activity costs account to 40 % ($3385954) of the product revenue. The target cost reduction activities in this case are – 1. Process VISA Transactions ($917056) – These transaction activities can be automated through computer processing and this reduces the associated overheads. 2. Marketing and Sales Activity ($453886) – These costs can be reduced by having cross–sales of Credit cards with the current Account customers Personal Loans: The product gives the highest net profit among the range of available products. The Marketing and Sales Activity ($815211) and Computer Processing activity ($113403) can be reduced by the deploying of strategies as for Visa Accounts and Current Account respectively. CUSTOMER EXPERIENECE AND PROFITABILITY The improvement in Customer Experience and Profitability was ... Get more on HelpWriting.net ...
  • 79.
  • 80. Goal Cash Management ) The of goal cash management is to minimize the amount of cash the business must hold to conduct its normal activities while having sufficient cash on hand to support operations (Gapenski, L. C., Reiter, K. L., 2016, p 601). Short term investments may offer minimal returns but cash offers zero. The point is to get the most return on funds and have only the minimum cash on hand. Float is the difference between the balance sheet on a business's checkbook and the balance shown on the bank's books (p 602). This difference is due to the delay in processing of the checks written or the checks received. Receipt accelerations are processes to increase the speed of processing check payments. Two examples are lockboxes and automated clearing houses (p 603). Lockboxes are regional post office boxes where payments are sent and geographically processed to decrease delays in transit. Lockboxes can increase the availability of funds by 1–3 days. Automated clearing house is a communication network that send data from one bank to another. This allows immediate electronic transfer of funds instead of paper checks (p 604). Distribution control is controlling the outflow of cash.This control is limited by ethical issues in the delay of payments and the potential loss of timely payment discounts. One method to control distribution is a zero–balance account. A zero–balance account is a bank account have a zero balance. Funds are transferred from a master account as needed to cover checks ... Get more on HelpWriting.net ...
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  • 82. A Sample Resume Essay Renu P Brampton, Ontario E–mail: renuhp17@gmail.com Phone No: 647–331–5195 SUMMARY 5+ years of extensive IT experience in software Development and Implementation including 1+Years of experience in big data and Hadoop technology stack. Constructive experience in installing, configuring and using ecosystem components like Hadoop Map Reduce, HDFS, HBase, Zoo Keeper, Oozie, Hive, Cassandra, Sqoop, Pig, Flume, Avro, Chukwa, Whirr, and Cloudera. Excellent Understanding and Hands on experience with Hadoop stacks Technology like Map Reduce, HDFS, Hive, Pig, Sqoop, Impala, Oozie, Scala and Spark. Extensive experience working with SQL, Core Java and Linux. Having experience on importing and exporting data from different systems like RDBMS ... Show more content on Helpwriting.net ... Effective in handling multiple synchronized prioritized tasks with critical thinking, decision–making and problem–solving abilities. Excellent analytical, problem solving, communication and interpersonal skills with ability to interact with individuals at all levels and able to work independently or collaboratively. EXPERIENCE Hadoop Developer April 2016 to Present TELUS – Scarborough, ON Project: The project aims to move all data from different sources or log data from individual servers to HDFS as per the management system and then perform analysis on these HDFS data sets. Once the data set is inside HDFS, then pig, hive and map reduce are used to perform various analysis. Used Pig and hive as ETL tool to do transformations, joins and aggregations before storing the data into HDFS. Created Hive tables and loaded data in from Relational Database Management system using Sqoop. Extensively worked on creating Hive tables, partitions and buckets for analyzing large volumes of data. Creating Partitions and buckets hive tables in Parquet File Format with snappy compression and then loaded data into Parquet hive tables from Avro hive tables.
  • 83. Scheduling and managing the Hive, pig and map reduce jobs on Hadoop cluster by using Oozie and Falcon process files. For implement business logic to transform the ... Get more on HelpWriting.net ...
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  • 85. Risk Management through Derivatives in India Evolution: With the globalization of trade and free movement of financial assets, risk management through derivatives became a necessity in India. In the early nineties in India the economic liberalization provided the economic rationale for the introduction of forex derivatives. Many business houses actively approached foreign markets not only with their products but also as a source of capital and direct investment opportunities. In 1993 there was limited convertibility on the trade account so the environment became more conducive for the introduction of these hedge products. The development in the forex derivative market was carried parallel along with the steps taken to reform the Indian financial market. In 1992 FII's were allowed to invest in Indian equity and debt markets and in the following year foreign brokerage firms were allowed to operate in India. NRIs (non–resident Indians) and OCBs (Overseas Corporate Bodies) were allowed to hold together around 24% of the paid–up capital of the Indian companies and it was further raised to 40% in 1998. The Indian companies were encouraged to issue ADRs/GDRs in 1992 to raise foreign equity. An Indian entity was allowed to make investments in overseas joint ventures and wholly owned subsidiaries to a limit of US$ 100 million during one financial year. Investments in Nepal and Bhutan were allowed to a limit of INR 3.5 billion in one financial year. Companies located in Special Economic Zones can invest out of their balances ... Get more on HelpWriting.net ...