to apply for credit each time new credit is desired. Common examples of open-end credit are credit cards‚ both general purpose cards (e.g.‚ Visa‚ MasterCard‚ Discover and American Express) and retail store credit cards. II. WHAT IS A CREDIT CARD A credit card is pre-approved credit which can be used for the purchase of goods and services now and payment of them later. In the case of credit cards‚ individuals may continue to borrow as long as they do not exceed the credit limit‚ which is the maximum
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Mirlena Stefani FASTIP June 2012 Mirlena Stefani FASTIP June 2012 Payment Instruments in European Area Payment Instruments in European Area Contents Introduction 1 1. Chapter I - Key Concepts - Payments 2 1.1 Paymants and the payment system 2 1.2 Types of Payment 3 1.3 Payment Instruments 4 2. Chapter II - The Payment Market Landscape in the Euro Area 6 2.1 Introduction 6 2.2 Payment instruments 7 2.2.2 Non-cash payment instruments 7 2.3 Large-value payment system operating
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BACKGROUND MONEY & ITS PURCHASING POWER M oney has entered into almost all our discussion. Economy evolved from barter to indirect exchange… indirect exchange to monetary economy… ultimately to a developed economy. Money is a commodity that serves as a general medium of exchange; its exchanges therefore permeate the economic system. Like all commodities‚ it has a market demand and a market supply‚ although its special situation lends it many unique features. “Price” has no unique expression
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CHAPTER-1 INTRODUCTION 1.0 Introduction: * 1979 Motorola developed first single chip Microcontroller for French Banking * 1982 World ’s first major IC card testing * 1992 Nationwide prepaid card project started in Denmark * 1999 Federal Government began a Federal employee smart card identification Smart Card or Chip card technology is fast becoming commonplace in our culture and daily lives. We hope that this site will bring you a little closer in your understanding of this exciting
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apply for Current Account For Individual‚ Joint: Following papers / documents are to be required for opening an account in the Individual / Joint name:- • 2 (Two) passport size photographs duly attested by the introducer • Passport / Identify card / Employer’s certificate / Word commissioner certificate • Introducer For Proprietorship: Following papers / documents are to be required for opening an account in the Proprietorship name:-
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dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd- dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd- ddddOfficers hauled Christian to the local precinct‚ where he showed police his identification‚ as well as his debit card and the receipt for the belt‚ the lawsuit says. Police still believed Christian’s identification was fake‚ and eventually called his bank‚ which verified it was his‚ according to the complaint. Christian‚ who has no prior arrests‚ was released. He
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AMERICAN EXPRESS INTRODUCTION In the middle of 1996‚ American Express (AMEX) Travel Related Services (TRS)‚ India was concerned about the course of action it should follow to protect and consolidate its card business in India. The heat from the fiercely competitive card market had finally begun to tell on American Express. Since its entry into the Indian market in 1973‚ American Express had carefully shielded itself from the battle by nurturing a small niche at the top-end of the market
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the Credit Card in Romania Written Analysis of Case Presented to: Miss Tania Hassan Presented by: * Case Overview: Alpen bank has to make a crucial decision whether or not they should launch the credit card business in Romania. The bank had to come up with a market strategy that can generate at least €5 million in profit within 2 years. Prior to introduction of the credit card in the market
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Smart card is one of the greatest achievements in the world of information technology. Similar in size to today ’s plastic payment card‚ the smart card has a microprocessor or memory chip embedded in it that‚ when coupled with a reader‚ has the processing power to serve many different applications. As an access-control device‚ smart cards can be used to access server remotely over the Internet and they can make personal and business data available only to the appropriate users. Smart cards provide
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over 160 branches in Nigeria and runs nationwide more than 230 ATMs. As one of the first banks in Nigeria‚ they introduced online banking and first sms banking and as very first naira denominated mastercard as well as the platinum and World signia cards and GTB on wheels‚ the only existing mobile branches. GT bank has already expanded to Cote d’ivoire‚ Gambia‚ Ghana‚ Liberia‚ and Sierra Leone. These countries belong to the ’Ecozone’. It has also expanded to the United Kingdom and future plans include
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