Debits and credits

Introduction According to http://searchsecurity.techtarget.com/definition/data-breach , “A data breach is an incident in which sensitive, protected or confidential data has potentially been viewed, stolen or used by an individual unauthorized to do so. Data breaches may involve personal health information (PHI), personally identifiable information (PII), trade secrets or intellectual property.” Many people experienced a data breach if they shopped in Target stores between November 27 and…

example is the debit card. A debit card is a plastic payment card that can be used instead of cash when buying goods or services. The checking account of the debit holder is automatically debited when a transaction has occurred. Safety measures such as entering a personal identification number (PIN) to verify a customers’ identity are part of the operating procedures when transacting with debit cards. A debit card is normally linked to one’s account and it can be accessed electronically. Debit…

smart phone providing it 's at your local shop where they accept Bitcoins. It works just as well as a debit card, if not improved. In the case of Bitcoin, the debit or credit card numbers are eliminated, therefore a dishonest person cannot trace particular…

Some people are still carrying their wallet and credit cards every day and hate to do that, a lot of people does not like to enter their PIN (Personal Identification Number) or sign every single time after their purchase? Today everything is changed. They only need to learn how to use Apply Pay and phones would become their new wallets. They will pay with their iPhones, easy, fast and secure. Apply Pay is simple to use and works with many credits card in the world. Customer simply link their…

You may have noticed ads for pre-paid bank cards that function a bit like a debit card, a bit like a gift card and a bit like a credit card. Banks claim these cards are ideal for the 17 million Americans who don’t have traditional checking accounts because they allow you to deposit money, make purchases anywhere Visa and/or Mastercard is accepted, pay bills, access your cash from an ATM, track spending online and more. You can even set up direct deposit through the card, so you can access your…

One of the most convenient ways to plan your savings is by using your smart phone. There is an app called Qapital that allows you to link your debit card and bank account to essentially keep a portion of what you spend. Instead of only keeping the leftover change the app allows you to set up what amount you would like to save and you can even split the portions into different savings funds whether…

Information Technology Sector: In recent years, the Information technology sector has really taken-off and boomed up due to various factors such as enormous funding, alliance activities, revolutionarising technology and a rapid increasing domestic market. As the startups in IT sector need low initial investment and get funding from the investors if their business model is good. Also due to the increasing number of good software engineers and interest in computer science field . Also due to the…

only what is available in the account. The process of creating an EcoCard account is simple; the user needs to simply enter all the basic information requested, including his or her name and valid password. Once this is done, a player can link the credit card immediately with an Eco account. In terms of fees and limits, every transaction that takes place thoroughly the account, including the daily and monthly limits are thoroughly explained. EcoCard offers customers 5 account levels, each with…

debt because of a credit card? Do you ever find yourself thinking that the credit card is evil or out to get you? Why have one then? Because you can pay for things online or over the telephone with a credit card, but guess what, you can do all those things with a debit card. A huge target for credit cards are teens, because they don't know how to really deal with money, and that's when a lot of mistakes happen. If credit cards are so bad, why do people use them? Then again credit cards are…

Consumer credit is considered an important part of modern society. List and explain TWO types of consumer credit. What are some examples of each? The TWO types of consumer credit are Closed-end and Open-end credit. Closed-end credit A one time loan that is repaid in equal payments by the end of the term. The loan is repaid in full amount by the end of the term, by a specific date. Interest is charged on the amount borrowed and it usually is a specific amount that remains the same for the term…