...You Decide E-payment system and securing their database Report Prepared for: Book Bunker By: Your Name Ideas and Strategies for utilizing e-payment system and securing their database February 12, 2014 David E-marketing and E-commerce Consultancy Executive Summary (Situational Analysis) What constitutes business success? Is it your skills in terms of product innovation, your ability to deliver in terms of products and services demanded by your customers? Yes, these are what constitute business success. However, what happens if you have the best products, the best initiatives in terms of what customers want but you are not known? How then can you say you have a successful business? The solution to this is an e-payment system (this is a way customers can pay for your products and services from a mobile device and or using your website). People today live with the use of all technology, they carry their mobile devices everywhere they go whether going to work, the store, or even when they are just sitting at home watching TV. With this much technology that people carry with them you can utilize an e-payment system to the full advantage. E-payment is a way customers can pay for your service or pay for and purchase products from you from their mobile device or from their computer from the comfort of their own home. Ideas and Strategies for utilizing e-payment system and securing their database Now days, life has become very fast. Most of the people do not prefer going...
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...Ray F, Maryana K, Kangi J, Brittany M 10/2/14 Management Information Systems Jia Shen Peer to Peer Online Shopping Peer to Peer online shopping is a high tech version of old fashioned bartering systems. Peer to Peer online shopping connects people all over the world by facilitating online sharing. Typically, an online peer-to-peer marketplace brings people and/or businesses together online to deal with each other directly without having to go through a slow, expensive middle man. Peer to Peer online shopping can be convenient, it can save time by having everything in one place, and save money by cutting out the middle man which will reduce the overall cost for the consumer and increases the profits for the provider/business. Peer to Peer online shopping can also be fun, and highly specialized. During the recession people had less money which caused them to spend less which eventually led to Collaborative consumption. Collaborative consumption which is consumers selling or renting to each other is encouraged by all of the Peer to Peer online sights. For example E Bay is a online auction and shopping website that provides peer to peer and business to consumer sales service via internet. According to our text book "one of the most surprising benefits of collaborative consumption however, turns out to be social. This is true because it allows for sharing between strangers and allows us to make meaningful connections. "Collaborative consumption is an economic model based on...
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...Logistics - (business definition) Logistics is defined as a business planning framework for the management of material, service, information and capital flows. It includes the increasingly complex information, communication and control systems required in today's business environment. Can eBay Continue Growing? 1. What is eBay’s business model and business strategy? How successful has it been? According to the course textbook there is several internet business models found on page 444. The internet business model that best describes eBay is an “online marketplace”. As it says in the case itself, “eBay is an online auction service…who stores no inventory and ships no products. Instead, it derives its revenue from the movement of information”. This is essentially what an online marketplace does. It provides a digital environment where buyers and sellers can meet. From there, they can exchange products. This is done by displaying and searching for products and then setting the prices at which the transaction will occur. EBay’s business strategy is to generate revenue from the fees and commissions charged to the customers who use the site to exchange products. The commission scale is somewhat complicated, but seems to be successful. The revenue is generated by the people who use the site. However, the interesting part of this business strategy is that none of these people actually work for the company. EBay is very successful. According to the case, the company has been profitable...
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...and Financial Intermediation Term Paper 16th October 2015 Authors: Aatman Ajmera- 40743, Abhilash Badami-40744, Lampros Baltas-40757 New Business Models: Peer-to-Peer (P2P) Lending Abstract: This paper evaluates the efficacy of the peer-to-peer lending model. While we primarily discuss the consumer loan market, the structure, principles and associated risks are fairly similar for other end markets as well. Contrary to popular opinion, empirical evidence from the limited available market data proves that P2P platforms do not have a lower cost as a percentage of loan receivables at this point compared to traditional banks. As these higher costs are primarily due to marketing activities, going forward, with scalability, they are poised to generate significant cost savings. Through our research, we conclude that P2P lending has a strong value proposition and the potential to disrupt the existing lending market, however, data quality, regulation and investor confidence will play a monumental role in determining the speed and magnitude of its success. What is peer-to-peer lending? Technological evolution, along with changing consumer behaviour, has led to a new era of innovation in financial services and subsequently more transparent and easy-to-use platforms. One of the new business models that has evolved, is peer-to-peer (P2P) lending. In essence, P2P lending is a form of debt financing which allows borrowers and lenders to bypass traditional banks. P2P platforms...
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... Business to Consumer (B2C) – The B2C model is one of the widely used tools in the e-commerce industry. The pattern is very simple and easy. The marketers sell their products to the retailers who in turn sell them to the consumers. The B2C which was started around 15 years back wasn’t looked upon as a very efficient system for boosting commercial sales, but over a period of time the popularity and efficiency has been recognized by most business merchants and it has also been looked upon as time and cost saving factor. Business to Business (B2B) – B2B is one of the high level businesses involving heavy capital and transactions worth trillions of dollars. Under this form of e-commerce the buying and selling takes place only between two businesses without the involvement of the consumer. The end product is purchased by one business from another and then sold to the consumer under their brand name. A watch manufacturing company might just purchase accessories from a manufacturer and sell them under her name. Major companies, which already have a global name, purchase manufactured products and then sell them to the retailers under their brand name. Consumer to Consumer (C2C) – The C2C format is a very simple transaction which takes place between two consumers. They’re many online sites, which have made such transactions easy and possible. Consumers can directly make a purchase on any online site and have the product shipped directly to another consumer. Peer-to-Peer (P2P) –...
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...issue. The accepted characteristics of present day use money are included a store of value, a unit of account, and a medium of exchange. However, the supplies of currencies are governed and authorized by the central bank on behalf of the government. However, after the mortgage crisis in 2008 the money supply increased sharply therefore the confidence in the government issued currency declined among the people. At this point, the paper by Satoshi Nakamoto was published online describing the “Bitcoin” for the first time. In the opinion of Nakamoto, the major problem with conventional currency today and discussed the easiness of bitcoins.1 In a nutshell, Bitcoin is an electronic cash system started in 2009. Therefore, it is new to the market. Still most of the countries have been studying the system and how it operates. But it is not fully accepted in a lot of countries as a legal tender. There are more than hundred thousand vendors in the market today who accepts bitcoins as a currency. There are more than sixty thousand in the USA.2 However, until March, 2014 IRS notice 2014-21 came into operation; the bitcoin was treated as currency in the USA for tax purposes. But thereafter, bitcoin is considered as a property, and gain and losses generate from bitcoins are considered as a capital gain or loss.3 However, existing tax laws provide a measure of guidance as to reporting and tax treatment for bitcoin transactions but still there are doubts among the users of bitcoin for proper...
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...surrounding it 6 2.3 Availability of the resources required to start the business 6 2.4 Business goals and objectives 7 2.5 History of the project 7 2.6 Motivation to start business 7 3. Market Description 8 3.1 Target market 8 3.2 Entering the market 8 4. Product description 9 4.1 Services: 10 4.2 Product selection: 10 4.3 Price & determination: 11 4.4 Competitive edge: 11 5. Organization Plan 12 6. Marketing Plan 15 6.1 Market Research 15 6.2 Market Segmentation 15 6.3 Target Market Segment Strategy 15 6.4 Competitive Strategy 16 6.5 Promotion Strategy 16 6.5.1 Publicity: 16 6.5.2 Advertisement 17 6.5.3 Internet and Social media 17 7. Financial Plan 18 7.1 Cost of the product 18 7.2 Advertisement cost 19 7.3 Salary 20 Conclusion 22 Reference: 23 1.Executive summary: University students and staff averagely spend their most valuable time nearly 45 minutes in a day to mark attendance, borrow a book from the library, or to take a token for dining. In many instances time is more valuable than anything on this living planet. Here comes to play we had a different view on this and we come up with a new technology, NFC. Near field communications (NFC) are a technology that authorizes communications in between student ID cards and NFC devices or smart phones and NFC devices. This technology reduces the student or staff interaction time with library books issuing, payments, dining and attendance. The communications between them, is completely...
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...demand and facilitate easy access. In this case, it is no doubt that Business Intelligence systems (BIS) are excellent for the modern business. There have many reasons that Business Intelligence systems play an essential role in the success of an organization. First of all, it has the capacity to ensure smooth, incessant flow of information without negotiating on security. Secondly the Business Intelligence Systems duty is to ensure that correct decision is taken with the available data at the appreciate time and this is done basically on the information provided. Business Intelligence systems are used to enrich the timeliness of information necessary for the company, to allow access to all the information wherever it is stored and offer the information in business terminologies. It reduces the distribution costs spent on the information as well as the handling time, helping planning and forecasting. Understanding of its important role, eBay – the largest and most popular marketplace on Internet has applied and used IS in their business and become very successful company. Launched in 1995, eBay started as a place to trade collectables and hard-to-find items, after just few years eBay become more and more popular, known as a global marketplace where business and individuals can buy and sell practically anything. eBay is a highly visible company that has been immensely successful in their implementation of a business strategy that incorporates their information strategy. By remaining...
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...economy? SHARING CORPS SHOULD COMPANIES build a new competitive advantage BY embracing the SHARING ECONOMY? ECOVALA - December 2013 1 Sharing corps: Should company build competitive advantage by embracing the sharing economy? Ecovala © 2013 This report was produced by the Ecovala in December 2013. If no other source is specified, the contents of this report are under a Creative Commons Attribution – Non-Commercial - Share Alike 3.0 Unported License. You can find the full text of the license in this website. Ecovala Ecovala provides innovative solutions to private and public organisations to accelerate their transition towards sustainability. The organisation offers a wide range of services around sustainability and system innovation: from companies’ environmental assessment to sustainable strategic design, from new green services definition to effective implementation of CSR management. Based in Finland, the organisation is active throughout Europe, relying on an extensive network of like-minded organisations and sustainability experts. www.ecovala.eu Author Erwan Mouazan is director and founder of Ecovala. He develops and implements innovative sustainability solutions both at private and public level. Erwan owns a Master's degree in economics, with a specialization in international management. In the last 9 years, he has worked at international level in environmental NGOS and sustainable development / CSR consultancies. He is currently completing...
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...Business Research Business Research with Bitcoin In this paper I want to talk about Business research and how it applies to my area of business Crytocurrency, more specifically Bitcoin. So what is Business Research? The book says it is a systematic inquiry that provides information to guide managerial decisions. Or a process of planning, acquiring, analyzing, and disseminating relevant data, information, and insights to the decision makers in the ways that mobilize the organization to take appropriate actions, that maximize performance. The way that my business uses research currently is to find new technologies that are better than the current, new announcements for Bitcoin such as features, competition, or issues (Cooper & Schindler, 2011). A good example of how research can save my business is in early 2014 the price of Bitcoin went from $1200 to around 650 in one day. If I had not sold at the start of the dump at 1150 the day before, we would have lost half of our equity in one day. However due to research that my company had done, we saw the day before that a Japanese Bitcoin exchange MT GOX had been hacked, and around 1 million Bitcoin was stolen. Considering that there are only 21 million Bitcoins that can ever be in existence, which was a huge hit at almost 5% of the total. To understand how and why we do research thee way we do, you have to understand our product. So what is Bitcoin? Bitcoin has occupied front pages and preoccupied media for many weeks now...
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...4.1 ELECTRONİC PAYMENT SYSTEMS (EPS) Issues of trust and acceptance play a more significant role in the e-commerce world than in traditional businesses as far as payment systems are concerned. Traditionally, a customer sees a product, examines it, and then pays for it by cash, check, or credit card (Figure 4.1). In the e-commerce world, in most cases the customer does not actually see the concrete product at the time of transaction, and the method of payment is performed electronically. Figure 4.1 Traditional payment scheme EPSs enable a customer to pay for the goods and services online by using integrated hardware and software systems. The main objectives of EPS are to increase efficiency, improve security, and enhance customer convenience and ease of use. Although these systems are in their immaturity, some significant development has been made. There are several methods and tools that can be used to enable EPS implementation (Figure 4.2) Figure 4.2 Electronic payment scheme While customers pay for goods/services by cash, check, or credit cards in conventional businesses, online buyers may use one of the following EPSs to pay for products/services purchased online: • • • • • • • • • Electronic funds transfer (EFT): EFT involves electronic transfer of money by financial institutions. Payment cards : They contain stored financial value that can be transferred from the customer's computer to the businessman's computer. Credit cards : They are the most popular...
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...On Exploiting Agent Technology in the design of Peer-to-Peer Applications Steven Willmott, Josep M. Pujol and Ulises Cort´s e Universitat Polit`cnica de Catalunya e a Llenguatges i Sistemes Inform`tics Campus Nord, M´dul C5-C6, C/Jordi Girona 1-3, Barcelona (08034), Spain o {steve, jmpujol, ia}@lsi.upc.es Abstract. Peer-to-peer (P2P) architectures exhibit attractive properties for a wide range of real world systems. As a result they are increasingly being applied in the design of applications ranging from highcapacity file sharing and global scale distributed computing to business team-ware. The objective of this paper is to outline a number of areas in which Agent techniques for the management of social problems such as decision making or fair trading amongst autonomous agents could be used to help structure P2P actions. In particular we focus on approaches from mechanism design, argumentation theory and norms / rules and electronic institutions. 1 Introduction Peer-to-peer (P2P) architectures exhibit attractive properties for a wide range of real world systems. As a result they are increasingly being applied in the design of applications ranging from high-capacity file sharing and global scale distributed computing to business team-ware. In addition their benefits however, P2P systems also fundamentally change the networking paradigm used in an application often causing tensions with other application goals such as security, predictability, performance guarantees...
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...their online base system. Founded in December1998, Paypal became one of the world’s largest internet based payment system. It is an online electronic payment system where consumers can use to buy and sell goods and services online and making payments. Users can set up an account with just an email address. With this, a user is able to transfer cash from peer to peer without using any credit cards; just bank transfer. A notification will be issued once transaction is done. Firm Infrastructure As part of global expansion, Paypal entered NASDAQ to attract investors priced at $13 per share. With this, it had attracted bigger companies and soon a giant company, Ebay, acquired Paypal for $1.5 billion in 2002. This move increases the level of confidence where Ebay consumers could use Paypal for making their transaction. Soon after, it acquire Verisign in 2005 and generated a revenue close to $1.8 billion. However, Paypal can be a threat to banks. Although Paypal does not function like a bank, users can store their cash in Paypal with a minimum balance of $70 (Meola, 2016) Technology Development Database Management System As the world keeps on changing their technology, Paypal ensures that their own technology is also up to date. Being one of the first and largest company to use the Cloud technology, it has created multi layers of applications to ensure that the system is compatible to suit their needs which runs on their private cloud. With this complex technology, they are able...
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...Abstract This study focuses on demand of P2P market among SMEs and consumer market. The researcher has developed a framework based on how peer to peer lending platforms are important for SME’s and what are the governmental regulations to promote online lending platforms, how SMEs play an important role in the development of economy, how important is the peer to peer platform to them and the future position of peer to peer market in Singapore. The focal point lies on the demand of peer to peer lending platforms among small and medium enterprises and consumer market. The study illustrates a high demand of peer to peer lending among small and medium enterprises regardless of less security of investment. This study also includes risk and regulations associated with peer to peer lending and the impact of social behaviours and social connections on the decision of investors related to investment in online platforms. Acknowledgement I owe a debt of gratitude for working adults and SMEs for providing me accurate data and their feedback regarding their loan preferences. I would like to thank all for their precious time and respond. As this work would not be possible without their time and effort. Tables of Contents 1.0. Introduction 4 1.1. Peer to peer lending platform 5 1.2. Background of the research 7 1.3. Objectives 8 1.4. Research Rationale 9 2.0. Literature Review 9 3.0. Research Methodology 19 4.0. Data analysis 21 5.0. Results and Finding...
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...I. Definition Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence. II. Do you think Bitcoin is money? 1. Advantages of Bitcoin Payment freedom - It is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money. Very low fees - Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks. Fewer risks for merchants - Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there...
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