StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Frankfurt School of Finance and Management - Thesis Example

Cite this document
Summary
This thesis "Frankfurt School of Finance and Management" analyzes the problem areas and the recent developments in the online payment system, with special reference to European Union. The study also covers the online payment mechanisms and the usage of these mechanisms in society…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Frankfurt School of Finance and Management
Read Text Preview

Extract of sample "Frankfurt School of Finance and Management"

Download file to see previous pages

CHAPTER 1
1.1 Background
There are many types of payment systems in the world now, but the doubt lies in matters of security. It is very important to identify a secure way of online payment mode. In e-commerce, the transaction usually takes place between the client, the trader, and the bank. The client transfers the money to the seller through the web with the help of online banking services and the desired product is delivered to the buyer at his/ her doorstep (Abrazhevich 1-3).

An electronic payment system must have the following characteristics:
Security: The most important thing in an online payment system is the security of transactions. Unfortunately, electronic money is considered a simple file like the other files, which can be copied. So the problem of copying or double-spending the money should be avoided.

Transferability: This deals with the transfer of funds from one account to another without a bank intermediary.

Flexibility: The payment gateway must give enough flexibility to the buyers and sellers to make payments from alternative forms of payment options.

Reliability: The payment system must be available to eliminate system errors (Bhasker 357-358).

It has been studied that in the year 2010, the market share for credit card payments increased by about 40 percent in North America. Due to this reason, American Express launched digital payment systems in the year 2011. This would offer different forms of payment systems to the customers. In Latin America, about 70 percent of the customers prefer online payment systems to traditional payment methods. In Brazil systems like SafetyPay, and BrasPag is working together to bring about a revolution in the online payment market. Another online payment service provider PayPal is also used and considered by many people around the world as a safe source of money transfer online (Gardner “What Happens When You Don’t Future Proof”).

It has also been studied that in 2010, online payment systems through credit cards are the most popular in Europe.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Innovations in on-line payment systems for retail customers Thesis”, n.d.)
Retrieved from https://studentshare.org/e-commerce/1399572-innovations-in-on-line-payement-systems-for-retail
(Innovations in on-Line Payment Systems for Retail Customers Thesis)
https://studentshare.org/e-commerce/1399572-innovations-in-on-line-payement-systems-for-retail.
“Innovations in on-Line Payment Systems for Retail Customers Thesis”, n.d. https://studentshare.org/e-commerce/1399572-innovations-in-on-line-payement-systems-for-retail.
  • Cited: 0 times

CHECK THESE SAMPLES OF Frankfurt School of Finance and Management

Letter of motivation - business school

In my zeal to start on an executive career, I feel that enrolling in frankfurt school of finance & Management is the only logical step.... With a Masters from frankfurt school of finance & Management, I will be ready to take on the business world, with better skill sets and financial craftsmanship.... I find Frankfurt School's mission to "advance and disseminate sustainable international business practices in finance and management" very appealing, as it reflects my own goals....
3 Pages (750 words) Essay

Principles Of Finance: Enhancing Shareholder Value

This essay "Principles of finance: Enhancing Shareholder Value" prompted me to explore a number of issues pertaining to enhancing Shareholder Value.... Another school of thought believes that dividends are adverse for the average shareholder as they attract taxes and cause fiscal disadvantages....
8 Pages (2000 words) Essay

EU institutional law and policy

In economics, the term 'monetary union' refers to a situation wherein, several countries agree to share a single currency among them.... The European Economic and Monetary Union (EMU) is an example of this treaty.... The treaty consists of three stages, starting with the coordination of each member state's economic policy, and culminating with the adoption of a single currency....
14 Pages (3500 words) Essay

The Significance of Dividend Policies

Another school of thought believes that dividends are adverse for the average shareholder as they attract taxes and cause fiscal disadvantages.... Frankfurter 2002 )Another school of thought contends that prices are negatively correlated with dividend payout levels.... Academics and theorists like (Adam Smith 1937) have recognized that there will always be agency costs related to taking care of shareholder priorities and controlling unruly management staff....
13 Pages (3250 words) Term Paper

Measuring the releationship between employees and patients satisfaction

Measuring the relationship between employee and patient satisfaction and discuss the strategic impact in management at King Faisal Specialist Hospital & Research Centre in the Kingdom of Saudi Arabia, is the interest of this study.... It will also look into the effects of probable enhanced employees' satisfaction on the level of patient or client satisfaction and the strategic impact for management to improving patient satisfaction. ... Customer Satisfaction and Strategic management....
60 Pages (15000 words) Essay

Corporate finance 2

Another school of thought Last but not the least the third group lauds large dividends as positive signal to shareholders that all is well.... Frankfurter 2002 )Another school of thought contends that prices are negatively correlated with dividend payout levels.... irstly if we look at Dividend policy it was well put by Black 1976 (cited by Frankfurter 2002), “That the nearly universal policy of paying substantial dividends is the primary puzzle in the economics of corporate finance....
23 Pages (5750 words) Essay

Capital Structure Decisions

Frankfurter 2002 )Another school of thought contends that prices are negatively correlated with dividend payout levels.... Over the last half a century academics have spoken in great depth over the issue of corporate and personal taxes affecting a company's dividend policy and have suggested conflicting theoretical frameworks to explain their point of view....
13 Pages (3250 words) Essay

Corporate financial management

To what extent is the dividend policy of ONE FTSE 100 non-financial company of your choice consistent with the theoretical and empirical evidence you have analysed.... ... ... ... Probably the most popular investment vehicle for individual and corporate investors is equities.... Gains are realized in the stock market through two mechanisms – through the cash dividends issued by the firm, or by an appreciation in Investors are attracted to invest in a stock depending on the company's dividend policy, which is defined as “the proportion of after tax earnings paid out in cash to the shareholders by a company” (lecture notes)....
10 Pages (2500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us