Introduction Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. Citibank is one of the world’s largest retail banks. Citibank is the consumer division of financial services multinational Citigroup and is a global bank with 3,777 branch locations in 36 countries. The United States is the largest single market with approximately 26% of branches which generating 51% of revenues. Citibank's 983 North American branches are concentrated in major…
In America, there is a growing problem that exists with money fraud, laundering and sly scams. “Americans are criminally defrauded of $12.76 billion annually,” (Kita) a number that will continue to rise with the prevalence of technology being used in the work space and also in the common day household. People can be tricked into giving their money away in a variety of ways. In “The Canon’s Yeoman’s Tale” in The Canterbury Tales by Geoffrey Chaucer, he elaborates on this idea, and allows us to…
denied? I know I have enough for this item I’ve been tracking my pay cheque for months. After some time-consuming effort, I realised the only explanation for the insufficient funds is that I have been a victim of identity theft. Identity theft and fraud both interchangeable terms refer to the crime in which someone…
Approximately 65% of identity thefts are attributed to the misuse of credit cards (Identity Theft). When someone steals your credit card it is referred to as credit card fraud. The person behind the theft can use the information on your card to make unauthorized purchases and, even more seriously, open accounts and take out loans in your name. Having your checkbook stolen is also a way to have your identity…
stealing in the cybercrimes. The thief uses the computer and the internet networks to take advantage of the victim by making a number of transactions either on their credit cards or any other card in use of the victim. (Richason) OVERVIEW: The occurrence is considered as unlawful when a person uses another’s personal information to commit fraud and even “theft”. In the year “1998” a law was passed in the Congress against the crime of identity “theft” and an act of Assumption Deterrence that…
effecting more and more people every year, a report released by Michael Keenan shows that an average Australian household is 16 times more likely to be effected by identity fraud then it is to be effected by a robbery, this same report also indicates that people are becoming less concerned about identity crime, however with fraud incidents increasing by 30,000 from 2014 to 2015 and misuse of identity increasing by almost 20,000 from 2014 to 2015 it is best to bring about concern to the ever…
Microchips are smaller than regular sized chips and typically can do the same amount of work, if not more. According to the Merriam-Webster dictionary, a regular chip is “a small wafer of semiconductor material that forms the base for an integrated circuit.” (dictionary) Although microchips seem like a better way to go, there are a few minor complications in this idea, such as the complexity of the circuits, the cost of the materials to make produce it and the function that is required of this…
Having grown up in a family that was torn by divorce, the crippling changes in the economic situation in my home country and eventually immigration, my only financial goal is to be without a lack of assets. Having to pay my own way through undergrad, as well as providing for my personal needs such as clothing, technology and transportation and almost all of my own groceries since I was old enough to work, at no point in my life thus far have I been able to save any of my income for long periods…
Significant new investments should be made only if the return based on replacement cost is greater than the firm’s cost of capital. So, what cash flow, when divided $100,000, gives 6%. A. $4,800 B. $6,000 C. $6,600 D. $8,000 6. Beverly Enterprises owns a nursing home that is currently earning $2.0 million in cash flow on an annual basis, but this amount is expected to drop in the future. The nursing home has a book value of $20 million, a replacement cost of $40 million, and a current…
can communicate with multiple tags at the same time. However, there are three major differences between NFC and RFID. 1. NFC makes it possible for two active devices to communicate in a double way mode such as the Peer-to-Peer (P2P) mode and the card emulation mode. 2. The distance between two devices in NFC is limited at close proximity, usually 5cm or less. Studies have been taken to investigate how far different brands of smartphones can read NFC tags. The result shows that…