The Card

for the bank to see how much money the applicant has in their savings account. • Credit Score: The credit score is the loan repayment history of the individual. It shows how effective the applicant has been in repaying their previous loans and credit card bills. Applicants with a poor credit score will find it difficult a loan. • Job Stability: It is important that the loan applicant be working in the same job for past 3 years. An applicant with a stable job is considered to be a safe bet when…

many people are affected by it and also to notify the reader on how to prevent identity fraud. Identity fraud can be defined as a crime where an individual stole someone else’s personal information like a credit card and also use it to buy merchandises charging that specific credit card. Basically, identity fraud is a deceptive maneuver where someone else’s account is hijacked and used for personal needs. It is important for the reader to understand the scope of a White-Collar crime like…

1. Explain credit card balance transfer. Is it available in India? Mention three advantages and three disadvantages of credit card balance transfer. How is it different from EMI on credit card? Credit card balance transfer refers to the process of transferring the outstanding credit balance of one credit card to another. This facilitates the convenience where you can pay the dues at a minimum interest of 0-2% for a specific period. The advantage of transferring these dues, even if limited,…

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…

The Bank of America (BofA) is one of the leading national banks in the United States. Founded as the Bank of Italy in 1904, then later renamed as BankAmerica Corp. They merged with a company called the NationsBank in 1988 and in 1990 renamed the bank to Bank of America. In recent years BofA has grown into a leading company. They were able to acquire 5 different companies to expand their business model, allowing them to have over 82% of the U.S. population market by 2009. They held leadership…

Reading Assignment 1 1) The three major types of individual level pay for performance plans are traditional incentive systems, variable pay configurations, and merit pay plans. Traditional incentive systems include plans called piece-rate plans that provide payment for each unit produced or each service provided. It also includes the well-known traditional incentive plan called sales commission, that’s offers a percentage of sales dollars or gross profit margin. The second major type of…

2 INTRODUCTION AND TERMINOLOGY 2.1 Business Introduction PayPort is a managed service payments gateway to FPS and it is intended to provide more financial institution to offer real-time payments 24/7. It is highly resilient and low risk service, it manages the sending and receiving of a single payment either through a member or through direct agency (at the moment there is no provisioning for an indirect agency). PayPort is one of the very first platform to be accredited under the FPSL (Faster…

Cash flow is very easy to meet in our ordinary life. Whenever you pay bills or deposit cash or cheques it called cash flow. Simply can say cash flow is money comes in, money goes out. When applied this concept in business, cash flow is getting incomes and paying expenses. However, there are risks in cash flow. For example, when you deposited cash cheques into your bank, it does not deposit into your account directly. It probably takes more than couple of days to see the money deposit in your…

Who are lifestyle managers and why are they needed? Who are lifestyle managers and why are they needed? Many banks have already promised to supplement their service packs private banking (service for VIP clients) with offers that are far from being of a banking nature. It's about the services of concierges and lifestyle managers. Accordingly, the market of these specialists, which in recent years has begun to develop timidly, will grow many times in the coming months. However, this does not mean…

Everywhere they turn, it is there. It is in their house, it is in their car, and it is even in their pocket. It can be a used for good or it could be used to bring their jobs to and end. It is technology and it is growing faster than anyone can imagine. It seems to be the fastest growing thing around and it is starting to interfere with life. Some people say that technology is the future but what does that mean for their future? Although technology can be used for good, it can also be used to…