Credit cards

Throughout grade school it was drilled into us the importance in learning how to save and the need to create a budget to assure one’s future. Like, most teenagers we discarded the idea of needing a budget and spent as much as possible on unnecessary luxuries. They say knowledge is power, so that means that budgeting can help assist in creating that knowledge. When your able to create a true budget, you are able to force yourself to see what your expenses are. Creating a budget line allows one…

information obtained by the other can be Social Security number or Driver’s license number which is used to use your identity as their own, also known as identity fraud. The fraud committed can involve making purchases using the victim’s credit card details, opening bank accounts using the victim’s name, conducting illegal businesses or take loans (USA.gov, 2015). Identity theft can be prevented by securing your Social Security Number, making sure you’re on top of your billing cycles,…

withdraw money or do any types of transactions in their respective account. The third disadvantages is that if an individual enters the wrong pins codes three times the card will be swallowed down the machine and it takes quite some time to retrieve it whereas you will need to confront the employees of the bank to retrieve your card back. Fourthly, An ATM is not available in remote places. And lastly, in regards to the Fees, banks and machine owners draw huge lump source of revenue from the…

Introduction “We started with a simple idea… That everyone should be able to accept credit cards—and we‘ve been rethinking buying and selling ever since” ("About Square."). This is the mission statement found on Square’s website. Back in 2009 Jack Dorsey, CEO and co-founder of Square, came up with an idea to make payments simpler; thus, Square was created and launched in May 2010. Square has opened a new way of paying for small businesses with three choices to choose from: Magstripe Reader, the…

stores have assessed the hacker breach and have provided a new, more secure form of payment, which provides enhanced encryption of payment data. With this new security system in motion, customer’s card data is fully protected and less vulnerable to hackers. This system jumbles up and locks all the card information making it impossible to read and copy, therefore being useless to the hackers. The breach at Home Depot was first reported on September 2, 2014 by Bran Krebs (D’Innocenzio). It is…

What fundamentals of capitalism are relevant to this case? Essentials of entrepreneurship which seems important for this case comprises of consumer sovereignty and profits. The application of fundamentals of profit in this situation is on the basis that the short term loan advancing companies like payday industry make huge revenue annually, which means billion dollars across number of branches in any given country. Numerous customers see the substantial earnings to be unethical which these…

“Plastic 101” Do you like spending money? I prefer cash, but today I will tell you about three different cards that can change your life forever. Credit cards, “ You can use a credit card to buy things and pay for them over time” unlike charged and debit cards (“Credit, Debit, Charged Cards”). If you do not understand that then something 's wrong, but who knows maybe you’ll figure it out one day when you have kids. The worst thing that could happen…

The paper that I am using for this report is titled “Chip and Skim: cloning EMV cards with the pre-play attack”. This paper is written by Mike Bond, Omar Choudary, Steven J. Murdoch, Sergei Skorobogatov, and Ross Anderson of the University of Cambridge. The purpose of the paper is to point out the flaws with EMV technology. The paper starts out by giving a brief historical overview of EMV. They then discuss the technical details of how EMV works and how it can be exploited. This discussion is…

Drugs I’ve never done drugs and so far no one at Appalachian has ever pressured me to do them. Though after reading the Naked Roommate I learned that if I have friends who do drugs I will eventually start doing them myself. Drugs are something I don’t want in my life, so while in college I have to be smart about who I chose to hang out. I have to keep myself from situations were drugs might pop up. Another lesson I learned about drugs is that if I’m ever going to do them it should be in a safe…

company to know how much money you take home every payday, and how often you get paid. Many people are tied up and need money fast, so they become loan companies, to generate money fast. The fees are around $ 15.00 to $ 30.00 per $ 100.00, and no credit check, the types of instant payday loans are not secure and you do not have to wait long to get the approval for the money. In fact, in most cases, you can get approval and have your money in a few hours.…