...Global Payment Inc. Security Breach Case Study Lovepreet Dhaliwal DeVry University Accounting Information System Professor Douglas Letsch Douglas The case study I choose to look at was the one that happened to be just recently that occurred March of last year 2012, where a company by the name of Global Payments Inc., whom is a processor company for credit and debit card for Visa and MasterCard’s, and according to the wall street journal it was hit by a security breach. In the article it acknowledges that Brian Krebs, who runs a security site www.kerbsonsecurity.com, reported that his sources in the financial said the breach might involve more than 10 million compromised card numbers. Master card said in a statement they have alerted payment card issuers regarding certain MasterCard accounts that were potentially at risk, and they have also hired an independent data security organization, which is conducting a forensic review of the situation. MasterCard had also implied that it wasn’t there own system that been damaged by the security breach but it was the third party, which is Global Payment system that had been hit by it. One of Visa’s spokeswoman stated in an email “that there is no issue or impact to Visa’s systems or our processing network VisaNet. This is an issue with a third-party”. As MasterCard and Visa sent alerts to banks, Krebs reported, the card processor...
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...Running Head: ECONOMICS FOR THE GLOBAL MANAGER Economics for the Global Manager BUS610 AIU Abstract This paper will discuss a U.S. multinational company named Time Warner that has revenues and cost. It will also discuss two operations under Time Warner operations that contribute to the profits. It will also discuss the means that the company uses to hedge against exchange rate risk. The paper will discuss the effectiveness of increase or decreasing the dollar’s exchange value on the company’s profitability. Economics for the Global Manager Introduction A global leader in media and entertainment, Time Warner Inc. has businesses in television networks, film, and TV entertainment and publishing. Time Warner Inc. uses its industry-leading operating scale and brand to create, package, and deliver high-quality content worldwide through multiple distribution outlets. The operating divisions of Time Warner Inc. are at the top of their categories including Warner Bros. Entertainment and Turner Broadcasting System which are measured by quality, popularity, and financial results. The union on Time Warner Inc. business and employees is based on the passion for storytelling and the commitment to gaining the competitive advantage (About Us, 2013). Revenues The programming services that are provided by Time Warner Inc. are subscription revenues based on contractual programming rates that are negotiated. The advertisements aired in a period are recognized...
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...© CSI GLOBAL EDUCATION INC. (2011) 7•1 Chapter 7 Fixed-Income Securities: Pricing and Trading © CSI GLOBAL 7•2 EDUCATION INC. (2011) 7 Fixed-Income Securities: Pricing and Trading CHAPTER OUTLINE How are Price and Yield of a Bond Calculated? • Calculating the Fair Price of a Bond • Calculating the Yield on a Treasury Bill • Calculating the Current Yield on a Bond • Calculating the Yield to Maturity on a Bond What is the Term Structure of Interest Rates? • The Real Rate of Return • The Yield Curve What are the Fundamental Bond Pricing Properties? • The Relationship Between Bond Prices and Interest Rates • The Impact of Maturity • The Impact of the Coupon • The Impact of Yield Changes • Duration as a Measure of Bond Price Volatility What are Bond-Switching Strategies? How does Bond Market Trading Work? • Clearing and Settlement • Calculating Accrued Interest © CSI GLOBAL EDUCATION INC. (2011) 7•3 What are Bond Indexes? • Canadian Bond Market Indexes • Global Indexes Summary LEARNING OBJECTIVES By the end of this chapter, you should be able to: 1. Defi ne present value and the discount rate, and perform calculations relating to the time value of money, bond pricing and yield. 2. Defi ne a real rate of return and a yield curve, and evaluate three theories of interest rate determination. 3. Analyze the impact of fi xed-income pricing properties on bond prices. 4. Explain the rationale for bond switching and describe bond-switching strategies. ...
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...human resource management, or any other major business function. Hence, information systems and technologies are the important contributing factors that drive businesses and organizations to success. Besides that, many businesses today are using Internet technologies to Web-enable their business processes and create e-business applications. One of the influential e-business application information systems that support every real world business system is the E-payment system. The payment system is a functioning network that links bank accounts and provides the functionality for monetary interchange which governed by laws, rules and regulations.1 Electronic payment systems (EPSs) are also known as e-commerce payment systems, involving an electronic payment transactions for buying and selling goods or services via internet.1 In other words, the payment process in the e-commerce world can be described as, in most case the customer does not actually see the concrete product at the time of transaction, and the method of payment is performed electronically. Moreover, customers are able to pay for the goods and services online by using integrated hardware and software systems via EPSs. As information technology getting in advance each day, the range of devices and processes to transact electronically continues to grow. In fact, it is predicted that everyone will use the form of E Commerce in near future even though many businesses and consumers are still...
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...07-61053-RBK Doc#: 476-2 Filed: 07/13/09 Entered: 07/13/09 15:19:28 Page 1 of 2 Amway ~ GLOBAL TN 7575 Fulton Street East, Ada, Michigan 49355·0001 June 25, 2009 Sarshela, Inc. Attn: Greg Duncan P.O. Box 141540 Spokane, WA 99214 Case No. 07-61053-7 Exhibit 2 Dear Mr. Duncan: This letter outlines proposed terms under which Amway Corp. d/b/a Amway Global ("Amway") would provide a loan as you have requested. This letter is not binding on Amway or any other party, and no binding obligations will exist on Amway or any other party until definitive loan documentation has been prepared and signed by Amway and all other parties. However, this letter is intended to express Amway's interest in possibly pursuing a loan transaction under the terms and conditions of this letter. The proposed loan terms currently under consideration are the following: 1. Borrower. The Borrower would be Sarshela, Inc., XS Energy, LLC, Seife, Inc. and World Wide Trust Company, jointly and severally. 2. Loan. Amway would extend a term loan in the principal amount of $1,000,000. The loan would be disbursed at dates to be mutually agreed upon in the loan documentation and upon the conditions stated in the loan documentation. 3. Interest Rate. The loan would bear interest at the rate of 3% per annum until maturity and 5% per annum after maturity. 4. Amortization. The loan would be repaid as follows: (a) Beginning on August 1, 2009, or on such other date as may be specified in the loan documents, and continuing...
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...Visa, Inc. Marketing Audit Approach for Digital Global Payments Technology Visa, Inc. Marketing Audit Approach for Digital Global Payments Technology Introduction Visa, Inc. (Visa) is one of the leading global payments technology companies that operates as the middle-man in connecting consumers, banks, businesses, and the government in the use of digital currency transactions. Compared to its competitors (MasterCard, Discover, and American Express), Visa is able to manage more than 10,000 transactions per second with high-level security and convenience to all of its customers. Visa has offices around the world and employs approximately 5,500 people with three data centers in different continents. In this day and age, most people utilize credit cards and debit cards for purchases and bank transactions. Checks are out-dated and are not accepted by most merchants. Around the world, transactions in every form are becoming paperless. What people do not realize is that Visa does not issue credit/debit cards nor extends credit to customers, Visa simply provides away for its customers, as stated above, to offer digital payments at the time of the transaction. The ability of a business to sustain a profitable existence in any industry can be an extreme challenge. Learning how to survive in the industry as a business for longevity relies on the decision-makers in the business in which, various techniques are considered in order to maintain a marketable competitive edge within...
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...MasterCard Incorporated Company Profile Publication Date: 17 Jun 2011 www.datamonitor.com Europe, Middle East & Africa 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7551 9090 e: euroinfo@datamonitor.com Americas 245 5th Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Asia Pacific Level 46 2 Park Street Sydney, NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8088 7405 e: apinfo@datamonitor.com MasterCard Incorporated ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and pricing, competitors and products. Our experts then interpret this data to produce detailed forecasts and actionable recommendations, helping you create new business opportunities...
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...Prepared by : ID : Company Background Name | eBay Inc. | Logo | | Industries served | Internet, Online retailing | Geographic areas served | Worldwide | Headquarters | U.S. | Current CEO | John Donahoe | Revenue | $ 14.07 billion (2012) | Profit | $ 2.60 billion (2012) | Employees | 27,770 (2012) | Main Competitors | Amazon.com, Craigslist, Ubid, eBid Auctions, Google, Overstock.com and many others. | eBay is an international online marketplace with a global customer base of 233 million. It is a multibillion business operating in 37 countries. There are millions of items listed on eBay across thousands of categories, including antiques, toys, books, computers, sports and electronics, amongst many others. Strengths 1. World’s largest internet marketplace. eBay has more than 150 million live listings and more than 105 million active users globally in 37 countries. That makes eBay the largest marketplace online, having a great power over other online retailers. 2. Business model. eBay only acts as a middleman between sellers and buyers, who bid and sell items in eBay’s marketplace. Being a pioneer in online auctions, eBay had no competition and currently has only few strong direct competitors. Thus, company’s business model is a competitive advantage over such giant retailers as Amazon. 3. Economies of scale. In the beginning, eBay had to invest heavily to gain IT and customer relationship management (CRM) knowledge and skills, but...
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...MasterCard Inc. Stock Evaluation Carlos Davila Devry University Abstract MasterCard Inc. has enjoyed a healthy introduction and life in the New York Stock Exchange since its initial public offering in 2006. This survey examines the likelihood of future success, as well as the healthy measurements in equity returns, CAPM measurements and stock prices. MasterCard stockholders have continually been encouraged to purchase stocks with great incentives like stock splits, and increasing dividends. By comparison to competition from Visa, American Express and Discover, MasterCard has remained a top contender with annual revenues in the tens of billions of dollars, and is projected to exceed all credit processing firms in 2014. MasterCard Inc. Stock Evaluation MasterCard Worldwide (NYSE symbol MA) is an American and multinational financial service provider in New York. The Global Operations Headquarters is located in O'Fallon, Missouri. Across the globe, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers (buyers) who use the "MasterCard" brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006 on the New York Stock Exchange. Prior to its initial public offering, MasterCard Worldwide was a cooperative unit owned over 25,000 financial institutions that issued its branded cards to their members. MasterCard was originally known as Interbank/Master...
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...eBay Inc. Corporate Culture EBay Inc. is a multinational Internet consumer-to-consumer corporation, founded by Pierre Omidyar in the midst nineties during the dot-com bubble. The company runs and manages eBay.com as well as several other acquisitions including Stubhub, Craigslist, and PayPal. EBay is more than just an online auction website, it is an online community marketplace. This, and the many diversified acquisitions, are the reason Ebay has such an interesting and complex company culture and organizational structure. EBay is a leader in the tech, e-commerce, and payment industries, causing it to require a unique organizational structure which optimizes all its employees ideas and talents. Corporate culture is the moral, social, and behavioral norms of an organization based on the beliefs, attitudes, and priorities of its internal community. In a big organization such as eBay, there are many sub-cultures running from division to division, even office to office. However, across all these sub-cultures, eBay strives to be a diverse and socially responsible company, encouraging creativity and group efforts. EBay focusses on the belief that the ability to empower their business starts with individual ideas, and that these ideas are meant to be shared, creating collaboration, communication, and new ideas. EBay is all about “cultivating ideas that will create new opportunities for customers.” Although this culture is spread throughout all of eBay’s workforce, many employees...
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...the U.S. last year” (Scrapmonster, 2011). Larson Inc, will have to project their future economic status over the next few years with this in mind. In addition with the understanding that the economy itself is faced with various challenges such as unemployment, financing (interests rates and accessibility in getting loans) and changes in technology. It is vital to Larson Inc. future for them to understand the direction of the economy and make various changes to stay competitive and profitable. To achieve this goal, Larson Inc, will need to prepare for credit markets and global conditions. In this memo we will present recommendations for Larson Inc, so they can create profitable outcomes over the next few years. Credit Markets: The leaders of the Larson Inc must understand what the current and projected credit markets. The credit market is a broad market that encompasses investment-grade and junk bonds as well as short-term commercial paper. Commercial paper generally is not back by collateral, meaning that companies with higher debt rates will qualify. The current state of the economy reveals that the credit markets are showing life to the small businesses. The Federal Reserve also influences interest rates to help the economy. By controlling inflation or deflation by raising or lower the interest rates that affect business (Bofah, 2010). Currently the state for the economy is in a sluggish recovery phase, Larson Inc will have to be creative for the next year. To...
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...big-ticket items such as cars and real estate. EBay is not so much an e-commerce site as it is a trading community, where buyers are sellers find one another and conduct transactions. It currently has approximately 88 million active users around the world. The company has since expanded by acquiring innovative businesses, such as Shopping.com, Stub Hub, Bill Me Later and others, which have positioned the company as the global leader in e-commerce and payments. They introduced PayPal which makes it easy and quick to send and receive payments online. They have also acquired Skype, Rent.com, and Half.com. Throughout the years, eBay has accomplished many things. In 1998, the eBay Foundation was established. It engages eBay employees through charitable giving and volunteerism. The eBay community has raised more than $165 million for charity and more than 18,000 nonprofit organizations benefit from the generosity of the eBay community each year. EBay remains the number one online auction site in the nation. EBay’s Mission Statement: “EBay's mission is to provide a global trading platform where practically anyone can trade practically anything." History EBay was founded in Pierre Omidyar's San Jose living room back in September 1995. It...
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...Chapter 25 Canadian Taxation © CSI GLOBAL EDUCATION INC. (2013) 25•1 25 Canadian Taxation CHAPTER OUTLINE How does the Canadian Taxation System Work? • The Income Tax System in Canada • Types of Income • Calculating Income Tax Payable • Taxation of Investment Income • Tax-Deductible Items Related to Investment Income How are Investment Gains and Losses Calculated? • Disposition of Shares • Disposition of Debt Securities • Capital Losses • Tax Loss Selling What are Tax Deferral Plans? • Registered Pension Plans (RPPs) • Registered Retirement Savings Plans (RRSPs) • Registered Retirement Income Funds (RRIFs) • Deferred Annuities • Tax-Free Savings Accounts (TFSA) • Registered Education Savings Plans (RESPs) • Pooled Registered Pension Plans (PRPPs) What are Tax Planning Strategies? Summary 25•2 © CSI GLOBAL EDUCATION INC. (2013) LEARNING OBJECTIVES By the end of this chapter, you should be able to: 1. Describe the features of the Canadian income tax system, calculate income tax payable, and differentiate the tax treatment of interest, dividends and capital gains (and losses). 2. Calculate capital gains and capital losses and assess strategies for minimizing tax liability. 3. Describe and differentiate the different tax deferral plans and their uses. 4. Identify basic tax planning strategies and discuss their advantages. TAXES AND INVESTMENTS It is often said that there are only two certainties in life: death and taxes. Taxes are a reality of life...
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...FOSSIL INC. FINANCIAL STATEMENT ANALYSIS PART 1 10/16/2011 Table of Contents6 Introduction 1 Chosen Policies and Quality of Numbers 1 Part 1: Overview of Balance Sheet 1 1.1 Major types of assets and unusual amounts of components 1 1.2 Major types of liabilities and unusual amounts of components 2 1.3 Major types of Equities and unusual amounts of components 2 Part 2: Overview of the Income Statement 3 2.1 Major sources of revenues, expenses, gains and losses 3 2.2 Unique Items for Income Statement for recreational goods 3 2.3 Unusual amounts changes in the Income Statement 3 Part 3: Overview of Statement of Cash Flow 4 3.1 Analysis for operating cash flows 4 3.2 Analysis for investing cash flows 4 3.3 Analysis for financing cash flows 4 3.4 Direct method of statement of cash flow 5 3.5 Noncash investing and financing activities 6 Part 4: Discussion of CPA’s audit report 6 4.1 Auditor 6 4.2 Type of Audit opinion 6 4.3 Meaning of the Audit Report 7 Part 5: Revenue Recognition and Matching Principles 7 5.1 Types of Revenue Transactions 7 5.2 Revenue Recognition 7 5.3 Concentration of Revenues of Receivables 8 Part 6: Ratio analysis 8 6.1 required Ratios 8 6.2 Ratio analysis 9 Summary 10 Introduction Fossil is a Delaware corporation formed in 1991 which succeeded to a Texas corporation formed in 1984. Fossil specializes in consumer fashion accessories and offers an extensive line...
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...remote likelihood of an unfavorable ruling. This contingency: Should be disclosed in a footnote. ERRADO, DEVE SER OUTRA Should be disclosed as a parenthetical comment in the balance sheet. Need not to be disclosed. Should be disclosed by an appropriation of retained earnings. 3. The ABC Company operates a catering service specializing in business luncheons for large corporations. ABC requires customers to place their orders 2 weeks in advance of the scheduled events. ABC bills its customers on the tenth day of the month following the date of service and requires that payment be made within 30 days of the billing date. Collections from customers have never been an issue in the past. ABC should recognize revenue from its catering services at the date when a: Customer places an order. Luncheon is served. Billing is mailed. Customer's payment is received. 4. On June 30, 2001, Cole Inc., exchanged 3,000 shares of Stone Corp. $30 par value common stock for a patent owned by Gore Co.. The Stone stock was acquired in 1999 at a cost of $80,000. At the exchange date, Stone common stock had a fair value of $45 per share, and...
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