...ways in which payments can be done in Zimbabwe and globally. Your organization which is into Financial Services Advisory has a clientele that is very ICT savvy yet at the same time economic conscious. Thus your clientele requires a quick and easy to reference guide with regards the alternative payment services. METHODS OF PAYMENT THAT IS AVAILABLE TO ZIMBABWEANS The internet is transforming the banking and financial industry in terms of the nature of core products /services and the way these are packaged, proposed, delivered and consumed (Sathye, 1999). Banks and other businesses alike are turning to Information Technology (IT) to improve business efficiency, service quality and attract new customers, (Nath et al, 2001) and (Kannabiran and Narayan, 2005). However, development and innovation in Zimbabwe over the years has been slow as clients would have resolved to use other payment methods than visiting the bank each time they need cash to settle payments. Explained below are some methods of payments that can be used in Zimbabwe to ease the problems of cash shortages. E-MICRO PAYMENTS: These are usually online payments of amounts less than $10.00. Debit and credit cards are not ideal for such payments in view of the associated bank charges. These can be used to buy items such as smartphone applications or podcasts costing $ 0.99. They are designed to capture mainly the youths who do not have Debit/Credit cards. These can be direct payments where the micro payments are added to...
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...Toyota Payment Options Toyota Financial Services offers you the following payment methods. Pay Online This flexible, free and convenient service allows you to schedule payments online using your bank account. You can schedule a one-time or recurring payment. To use Pay Online, you'll need your full bank account number, including your bank's routing number. To start using Pay Online, follow these steps: 1. Log in to your TFS Account. 2. Click "Payments" at the top and then on "Enroll in Online Payments". If you have not already signed up for a TFS Account, Register Now . Automatic Payments Sign up for the TFS AutoCheque Program, and your monthly vehicle payment is automatically deducted from the bank account you designate. Just fill out an application and we'll get you started. Download an AutoCheque Form in PDF format. To view PDF files you will need Adobe Acrobat ReaderTM Payment by Mail Mail your check along with your statement to the payment address listed on the monthly statement. If your statement is not available and you are not sure where to send your vehicle payment, see Where to Mail Your Payment for address details. Payment by Phone Our automated phone payment system will walk you through the steps needed to make a payment. You can make a payment 24 hours a day by calling (800) 874-8822. There may be a convenience fee associated with phone payments. For further details and program Terms and Conditions, consult the Toyota...
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...3 TRADE FINANCE GUIDE Chapter 1 Methods of Payment in International Trade T o succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by appropriate payment methods. Because getting paid in full and on time is the ultimate goal for each export sale, an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the buyer. As shown in figure 1.1, there are four primary methods of payment for international transactions. During or before contract negotiations, you should consider which method in the figure is mutually desirable for both you and your customer. Figure 1.1. Payment Risk Diagram Key Points • To succeed in today’s global marketplace and win sales against International trade presents a spectrum of risk, which causes uncertainty over the timing of payments between the exporter (seller) and importer (foreign buyer). • For exporters, any sale is a gift until payment is received. • T herefore, exporters want to receive payment as soon as possible, preferably as soon as an order is placed or before the goods are sent to the importer. • For importers, any payment is a donation until the goods are received. • Therefore, importers want to receive the goods as soon as possible but to delay payment as long as possible, preferably until after the goods are resold to generate enough income to pay the exporter. 4 Cash-in-Advance ...
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...Sample Final: International Payments I, MCQ 1, A shipping document indicating the details of the shipment and delivery of the goods and their ownership is a A, B/L (True: This is the most important transport document) B, Sight draft (False: This is a type of B/E) C, Time draft (False: This is a type of B/E) D, L/C (False: this is a method of payment) 2, A written statement by the exporter ordering the importer to pay a specific amount of money upon presentation to drawee to whom it is addressed is known as a A, B/L (False: This is a transport document) B, Sight draft (True: This is the type of B/E that requires payment upon presentation) C, Time draft (False: This is the type of B/E that requires payment at a future date after presentation) D, L/C (False: this is a method of payment) 3, L/C may be payable at all but one of the following locations: A, Confirming Bank’s counters (False: Confirming Bank has irrevocable undertaking to Beneficiary) B, Nominated Bank’s counters, or at the counters of any bank if L/C is freely negotiable (False: Nominated Bank pays Beneficiary on behalf of Issuing Bank (Confirming Bank)) C, Issuing Bank’s counters (False: Confirming Bank has irrevocable undertaking to Beneficiary) D, Reimbursing Bank’s counters (True: Reimbursing Bank has no undertaking towards Beneficiary. It only functions to reimburse other banks with authorization of Issuing Bank) 4, Which of the following can be combined under a...
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...Running head: BUYING A HOUSE Buying a House Mildene Faulkner MAT 104 Edmund Ford, Jr. August 7, 2012 Buying a House Five years ago, I bought a house for 151,000, with a down payment of 30,000. I took a loan for 121,000. The interest rate on the house was a fixed 5.75%. I am paying more on my loan, so I can pay it off in 20 years instead of 25. I am currently paying $211.13 in Escrow payments and $706.12 in principal and interest payments. My current loan balance is $112,242.47. I am going to explain how much money I will need to pay off my loan in 20 years instead of 25. I am currently paying $917.25 in monthly payments on my house. I would like to see how much money I would have to add to my monthly payments, if I want to pay off my house in 20 years. By using the monthly payment method and the table provided to me by my realtor, I see that if I take the loan amount and divide it by 1000, and then multiply by the tablet entry of 7.0208, I would get $788.03. Then to figure out the amount of money I need to add to my monthly payment to pay of my loan in 20 years, I have to subtract $706.12, which is my monthly principle and interest from $788.03. That would give a total of $81.91. This is the amount of money I need to add to my current monthly payment in order to pay off my loan in 20 years instead of 25. I think that I would be reasonable to try to pay off the loan in 20 years versus 25 years. I think I can maintain a comfortable lifestyle doing this as long...
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...that actually happened in the company: * the company’s General Manager, Encik Selamat has close relationship with one of the executive directors of Cold Gold Sdn. Bhd., Encik Azman. This relationship has enabled Cold Gold to extend its credit limit with authorization from Encik Selamat and not the Credit Controller (Ms. Choy) | The company should avoid personal conflict of interest that will caused ineffectiveness in operating the business. | 3 | * The company faced tight cash flow as the collection method was inefficient. * Monthly repayment schedule was not sent to customers to confirm the payment made. * Aging list not produced by the credit controller section to identify non-payment clients and follow up with further actions. * Not properly recorded the document, payment by Mr. Siva was not recorded even though receipt was issued as proof of payment made. | * Improve on collection method by sending statement of account to the customer and encourage early payment by provide discount. This statement of account is important...
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...HQ for equipment 10. Suppliers send equipment to warehouses 11. HQ pays suppliers 12. Warehouse distributes equipment to stores and customers that made orders 2. A. List the specific items of information that are usually gathered at the POS (Point of Sale terminal or cash register) and recorded when a customer checks out (excluding obtaining the identity of the customer which is covered in Q3)? Staff Information | * Staff name * Staff position * Staff ID | Buying Product (s) | * Date and time * Transaction # * # of items sold | Cash Register Information | * Register # * Register model | Product Information | * Product barcode * Price of item * Color/style of item | Payment Information | * Payment method * Credit/debit card # * Total amount paid * Promotion code * Discount code | Store Information | * Store name * Store address | B. What are three important uses of this information at the store by the store manager and by management at the headquarters– a total of six uses? | Information Elements...
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...students by CDU will be sent to the student’s official CDU email address. CONDITIONS OF REFUND Please read the following Conditions carefully before applying for a student refund. A B Once the cashiers have received correctly completed documents your refund will be processed within 30 days. Refunds are processed in the same method of payment that they were originally received in. Refund cost and payment methods: • • • • • • Electronic Funds reansfer (EFT). Once the university has processed the refund, access to these funds will show within three (3) business days. Chq only change 3 business days. Credit cards 7-10 working days Cheque refunds in Australian Dollars are only processed on Thursdays and may take at least three (3) business days before you can access the funds once you have deposited the cheque into your bank account. Credit card refunds are only processed back on to a card if the original payment was made by credit card. Once the University has processed the refund, it may take up to seven (7) working days before the credit appears on your account due to bank processing practices. Under banking regulations, if a student has made a payment with a credit card any refund must be credited to the original card. Charles Darwin University will refund to the original credit card...
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...M3/D3: Guidance Document A customer receiving a request for payment Speed Both an invoice and phone call can be sent relatively quickly. When requesting payment a company would aim to obtain any money owed by a customer as promptly as possible. Therefore a phone call would be the better choice since a customer can be contacted immediately. In contrast when an invoice is sent it will take at least 24 hours via post. If it was sent by email however, then this could also be sent instantly. Audience A customer is external and therefore any communication should be formal. This can be achieved by both an invoice and a phone call. The individual making the phone call can control what language they use. Equally an invoice can be designed to use formal language. Clarity of language An invoice has clear sections which are labelled. These are used to make it obvious to the customer what they have been charged for. For example the heading item description will be used in order to mark the section where product details will be given to the customer. A phone call can be used to clearly explain what has been purchased but cannot be referred to at a later date. Therefore should the customer not fully understand what they are being charged for at the first attempt, they will not have any support. Based on this an invoice would be more suitable for this task. Confidentiality Both as phone call and an invoice can be kept relatively confidential. When making a phone call the sales representative...
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...activities in an organization that are intentional and goal-oriented (Nameer, 2008). Proposed Change Brownstone Square is an owner run Homeowners Association in Phoenix, AZ. The association manages paperwork for sales, the grounds, owner complaints, and accounts receivables and payables. Owners make a monthly payment of $125.00 to the association for the services provided to them as outlined in the associations’ contracts with each of them when they joined the community. Overall the association provides services as promised in a timely manner consistently. The homeowners on the other hand do not always make their monthly payments on time, consistently. The association faces the problem of missed payments and homeowners who are frustrated with the very antiquated system of having to “snail mail” a monthly check to the association. Homeowners have approached the elected board members to make changes to this payment system to assure an easier means of making the payment each month. The homeowners have communicated to the board at the last 3 board meetings and recently an email was received with a suggested payment company that could handle the payments and make the necessary deposits to the associations bank account, there are fees associated with this...
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...processes and information do you feel will improve the payment processing system at RFC? For RFC to improve the payment processing system they must make a few changes. First, I suggest that RFC take the existing data they have obtained from current and previous customers and compile a process in which to weed out potential delinquent customers. They must take this information and data and set a guideline that the application acceptance personnel must follow in order to grant a loan to a customer. They must become stricter and more organized to improve all aspect of the business and other processes in the company. Once they have created a system of weeding out potential delinquents from receiving loans they will need to add a centralized database that is updated daily through both the home office and the branch offices. The methods of payment; pay in branch by cash, check or money order, mail to branch, and direct payment to home office are still important variables that the company must keep in order to keep the customer happy. When a customer has setup a loan, RFC needs set up a payment process in which each individual customer will follow. For example if the customer wishes to keep a credit card on file and the payment is automatically taken out of the account each month or RFC sends a prepaid envelope to the customers house a week prior to payment for them to mail the payment in or if they wish to bring the payment into the branch then RFC needs to have an automated...
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...Healthcare Information That Helps to Reinforce Career Experience Jennifer A. Dresen Lakeland College Healthcare Information That Helps to Reinforce Career Experience There are a lot of different aspects to look at in the healthcare industry, which can make it feel a little overwhelming at times. The more that I continue to learn, the more comfortable I feel working within this ever changing industry. I currently work for Rehab Management Solutions, which is a practice management company for multiple physical therapy clinics across the United States. In our office we provide services such as; Managed Care, Preliminary Systems, Billing & AR Management, Marketing, and Clinical Growth & Development. A lot of the topics that we have discussed in the course so far I have heard of, but I did not have extensive knowledge of many of them. Below are a few of the topics that I found most interesting and beneficial to my current position and daily activities. Regulation in the healthcare industry There is very heavy regulation for entry into all areas of the healthcare industry. States have set requirements on the licensure of healthcare facilities as well as providers. These mandatory licensures have been set to try and protect the public’s safety, welfare, and health. The provider licensing procedures were put in place to create the minimum accepted standards to be able to practice. Providers such as nurses, doctors, physical therapists, and dentists;...
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...Balance Details Statement Date 23 Dec 2012 Payment Due Date 07 Jan 2013 Card Account Number Current Balance 23,421.29 Minimum Amount Due 1,172.00 Statement of Account MR MOSTAFIZUR RAHMAN APMO STANDARD CHARTERED BANK 12 WATER WORKS ROAD CHAWKBAZAR OLD TOWN DHAKA BANGLADESH 4321 5500 8135 0504 Total 23,421.29 1,172.00 Settle your credit Card outstanding using any of the following methods: • Payment through Online Banking (http://www.standardchartered.com/bd/en/) • Fund Transfer through our 24-hour ATMs • Cash payment at our 24-hour deposit machines • Cheque payment at our 24-hour deposite machines. Please issue the cheque in favor of 'Standard Chartered Bank' and mention your Credit Card number on the back of the cheque • Fund Transfer through our 24-hour contact centre • Direct Debit or Standing Instruction from any Standard Chartered Account NAME Cards Services 67, Gulshan Avenue,Dhaka - 1212 Statement Date 23 Dec 2012 MR MOSTAFIZUR RAHMAN Credit Limit ( BDT) 25,000.00 Available Credit Limit (BDT)* 1,578.71 Available Cash Limit (BDT)* 1,578.71 Payment Due Date Minimum Amount Due 07 Jan 2013 1,172.00 Current Bal 23,421.29 Amount (BDT) Prevoius Balance+ Purchases+ Cash Advances+ Interest/Charges2,070.19 Date Payments700.00 Credits 0.00 Currency Amount = 21,230.00 Description 0.00 821.10 Visa Classic - Global 23 23 29 29 29 01 08 08 08 13 23 NOV NOV NOV NOV NOV...
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...Rough Draft Kathleen Jacobie COM170 10/27/2014 Laura L. Dorsey Online vs. Brick-and-Mortar Shopping One of the opportunities we have in today’s world is whether to buy online or go to a brick and mortar store to do our purchasing. The two offer great sales and promotions along with selections from which we can choose. As online shopping and brick and mortar may seem similar; however, both differ in pricing, convenience and selection. Discounts are offered both online and in store which makes it easy for the purchaser to products at lower prices. The user that chooses to buy in-store may have special shopping times in order to receive a discount or closeout price. The online customer needs to have a promotional code, or an online store offers free shipping to get the customer to buy online. The customer will save money no matter how they decide to buy because both options offer ways to save money. The downfall with shopping online is the consumer has to wait for the product to arrive and to pay the shipping costs. The customer pays for shipping in the form of filling up their gas tank to drive to the store. The shipping cost is about the same if not more than if the shopper drove themselves to the store to purchase the product. If consumers discover that the item, they have already purchased is offered at a lower price later on they will return it and repurchase it. Whether you prefer to buy online or in-store, they both offer the consumer many great promotions...
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...found.” “Create new record?” | 3 | Service(s) requested. | Locate service(s), calculate cost and time needed for the service or services. | Display cost of service(s) and length of appointment time. | 4 | Stylist name. Customer requested dates and times. | Checks stylist schedule and availability. | Days and times that stylist is available to perform requested service. | 5 | Customer name, phone number, service to be provided. | Record customer information in stylist’s appointment/schedule. | Display of appointment confirmation. | 6 | Customer name, stylist name, service provided. | Calculate cost. Totals bill. Prepares to receive payment. | Customer payment screen showing amount due. | 7 | Customer payment amount and method. Customer feedback indicator (y/n). | Locate customer record. Validates credit card information. Process payment. Prepare receipt. Locate customer survey. | Print receipts for customer and UMUC Haircuts. Customer feedback questions. | 8 | Customer feedback responses. | Locate customer record. Store feedback responses. Generate...
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