Forms And Modern Manifestations Of Racism Social Work Essay

Forms And Modern Manifestations Of Racism Social Work Essay Racism embodies the ideology or practice via demonstrated power of perceiving the dominance of one group over others by on the grounds of color, race, ethnicity, or cultural heritage, whereby ethnic minorities might be perceived as being biologically (intrinsically) inferior and, thus, practices detailing their domination and exploitation are justified. In many places across the world, racism is manifested at individual, group, or institutional level. Individual racism comprising of overt acts perpetuated by individuals that injure another or their property; institutional racism, which details processes that, deliberately, or not, yield to the prolonged exclusion of a subordinate group and activities and practices that are fashioned to safeguard the advantages of the superior group and/or sustain or broaden the uneven position of a subordinate group. Racism has over the years been institutionalized and sustained via educational, economic, religious, political, social, and cultural po licies and activities. Racism is functional in that it is employed to sustain structural inequalities within the society that are skewed against individuals of color or minority groups. Systematic discrimination against certain members of visibly identifiable racial and ethnic groups has continued to pervade most aspects of peoples lives inclusive of education, politics, economics, religion, social relationships, housing, and employment. Sources and causes of racism and deeply embedded throughout major aspects of many societies. The sources and causes of racism can be delineated as colonialism whereby the intrinsically racist process of colonialisation availed the basis and continued presence of systematic racism within most societies. Other causes of racism include pervasive ignorance, fear and lack of appreciation of cultural diversity, power and privilege. One of the outstanding impacts of racism in disadvantaging the minorities details the invisibility of the achievement of minorities over the centuries. Since capitalist societies mainly recognize achievements that can be translated into monetary terms, the portrayal of minority groups as criminals or poverty stricken serves to paint them as burdens of history. As a result, racism leads to entrenching of disadvantaged position of ethnic minorities. Historically, racism has been employed to validate the conquering of ethnic minorities to obtain key resources such as land, strategic military outposts, or forced cheap labour. In most societies diverse racial and ethnic groups possess unequal access to power, prestige, presumed worth, and resources whereby individuals possessing superior power, majority group, develop a system of inequality by controlling the less-powerful groups. The resultant system of inequality is then sustained and perpetuated via social forces. The impact of racism within the society are widely manifested in poor health and health services, low wages, inadequate access to mental health services, substandard housing, high incidences of school dropouts, high unemployment and under-employment, and reduced access t higher education opportunities, as well as other institution maladies. It is ironical that the lack of jobs, housing, or other resources has led to minority scapegoating whereby ethnic minorities are increasingly becoming a scapegoat for prevalent social problems within the society. Forms and modern manifestations of racism In equality in access to critical resources within the society such as health across ethnic groups may not be necessarily reducible to socioeconomic arrangement. Indeed, the relative deprivation encountered by ethnic minorities within the society is highly likely to involve more than mere material disadvantage as ethnic minorities face significant alienation and racial harassment. Research indicates that racial harassment and perceptions of prejudice possess significant impact in disadvantaging ethnic minorities within the society. Political sphere In the contemporary society, there is an increase and support gained by political parties and entities that that openly express racist, bigoted, and xenophobic views. This has placed ethnic minorities, who are marginally represented, at a disadvantage mainly through exclusion policies. Minorities are also underrepresented in decision-making and administrative positions and the instituted affirmative programs have only yielded conflict and polarity among the employees. Employment, Racism has been widely reported in the arena of employment, which leads to economic depression for members of the oppressed racial and ethnic groups. The experience of majority of ethnic minority within the job market has not been always pleasant or positive with some individuals from minority groups and recent immigrants earning relatively lower pay than their white counterparts despite being sometimes well qualified and highly educated. In some cases, racial discrimination is reported within the workplace centring on an individuals appearance, denial of career advancement opportunities, and ascription of cultural stereotypes to individuals. There is a continued absence of employment opportunities for ethnic minorities, although the general agreement cited mainly details lack of skills on the part of the ethnic minorities. Nevertheless, in most cases structural barriers hamper access to the labour market, plus other economic opportunities. Similarly, the unemployment rate for adolescents from ethnic minorities is in many instances disproportionately distributed with higher percentages reported among people from ethnic minorities compared to their white counterparts. Education Individuals from minority groups often have lower education attainment. The persistent low levels of educational and occupational outcomes attained by ethnic minorities can be cited, in part, as resulting from structural discrimination within the education sector. This can be regarded as systemic racism and the reluctance education authorities and the government to introduce various cultural models of learning and teaching within the curricula, which in turn leads to a disproportionate access of education. The education system in some societies systematically denies similar access and prospect to children from ethnic minorities, especially where the minorities are poor. Accommodation Some minority groups encounter challenges in gaining accommodation whereby minorities (people of different race or color) are expected to reside in separate districts. This represents a microcosm mirroring all the major facets at all levels of society. Ethnic minorities are often denied accommodation based on race manifested in numerous cases where individuals from the ethnic minorities are informed of availability of accommodation, but later informed of non-availability after their race or ethnic background became known. Similarly, individuals from ethnic minorities are sometimes issued with inadequate and inappropriate public housing stock. In many instances, ethnic minorities have minimal choice as to places that they reside and often end up paying higher rent for less adequate housing. It is documented that mortgage and lending institutions within the U.S. have on several occasions perpetuated the illegal practice of redlining mortgages in minority neighborhoods. Studies in this area have unearthed consistent discrimination against ethnic minorities by financial institutions, real estate agencies, and landlords. Service provision Individuals from ethnic minorities often face discrimination in the day-to-day provision of goods and services manifested by the lack of services availed by majority of Councils. Social service mainly masks symptoms of larger problems such as racism, illiteracy, unemployment, and poverty. The need for social service stem from economic policies and practices and in many cases, the society puts the blame on minority groups and constantly adjust the individuals to suit the existing societal conditions. Criminal justice The pervasive disproportionate high rates of incarceration of individuals from ethnic minorities are frequently cited as mirroring the systemic discrimination within the society. Individuals from ethnic minorities often, especially males, often complain of over-policing. There are numerous claims of individuals from ethnic minorities being searched by security personnel devoid of reasonable justification. The ethnic descriptors employed by the police, politicians, and the media yields criminalization of ethnic minorities. As a result, Ethnic minorities sometimes are unwilling to report incidences of racist crime to law enforcement authorities in the belief that their report will not be acted upon. Minority ethnic groups often possess disproportionately high incidences of criminal offending and victimization. This is largely driven by factors such as persistent racial inequality and concentrated poverty that culminate into frustration, which, in turn, heightens delinquency and possible aggression. Ethnic minorities who are racially segregated and who manifest high rates of poverty, family disruption, social isolation, and unemployment experience high levels of crime and violence. High concentrations of poverty and high levels of racial segregation have interacted to create social conditions that disadvantage ethnic minorities. Healthcare The core factor influencing health inequality within the UK centres on the social class. A significant section of ethnic minorities are frequently located within the lowest social classes, which renders them vulnerable to diseases of poverty and deprivation. Healthcare systems in societies where racism is rife do not meet the needs of people of ethnic minorities whereby healthcare costs continue to increase while the quality and accessibility of services decrease. Moreover, too many health care facilities tend to be established in places that are inaccessible to low-income urban neighborhoods where most ethnic minorities reside. Public welfare The welfare system has in instances been exploited to keep wages low and sustain a pool of people available undertake menial, unskilled jobs. Public welfare services in most instances fail to include services such as educational, child care, family planning, job training, or unemployment insurance services that will contribute to the empowerment of individuals to gain from the economic system. The disregard for individual rights and human dignity, incoherent policies, and contravention of regulations has frequently typified the administration and delivery of public assistance, which, in turn, places minority groups who apply for assistance at a disadvantage. Conclusion Racism significantly restrains and minimizes the contributions that ethnic minorities deliver in any society. Racism is pervasive within majority of societies and continues to be silent code that methodically constrains the opportunities for most minority groups. The consequent discrimination and social exclusion of ethnic minorities can yield to a disadvantaged socioeconomic position and poor health of ethnic minorities within the society. Similarly, racism may disadvantage ethnic minorities as a result of the psychological processes that might stem from the direct experience of racism, or perceptions regarding living in a racist society. It is apparent that members of racial and ethnic dominated groups persist to struggle for equal access and opportunity, especially during moments of widespread, unemployment, and inflation.

Electronic Payment System

UNIT – 3 Electronic Payment System Contents †¢ What is E-payment? †¢ Types of E-payment Systems †¢ Digital Token-based Electronic Payment Systems †¢ Smart Cards & Electronic Payment Systems †¢ Credit Card-based Electronic Payment Systems †¢ Risk & Electronic Payment Systems †¢ Designing Electronic Payment System What is E-payment ? †¢ E-payment systems is the mechanism of transferring money over the Internet and technology used in this transfer is called as EFT. EFT defined as â€Å" any transfer of fund initiated through an e-terminal, telephonic instrument, or computer or magnetic tape to order, instruct or authorize a financial institution to debit or credit an account. It is mostly used for Business to business (B2B) commerce where companies doing business together tend to use electronic data interchange (EDI) system to send each other bills and notices of payment. E-Payment †¢ Information online offline $Products/services Adva ntages of E-Payment †¢ †¢ †¢ Increase payment efficiency – Reduce transaction costs – Enable trade in goods and services of very low value Increase convenience of making payments – Payment can be made swiftly and remotely using various devices Can be used for – e-commerce / e-Trade – For other purposes like paying bills, taxes, etc MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 1Categories of EFT Banking and financial payments * Large-scale or wholesale payment * Small scale or retail payment * Home banking Retailing payments * Credit cards * Debit cards On-line electronic commerce payments * Token-based payment system ~ Electronic cash ~ Electronic checks ~ Smart cards or debit cards * Credit card-based payment systems ~ Encrypted credit cards ~ Third-party authorization numbers Main factors when selecting e-payment method †¢ Availability (bank system, laws and regulations) †¢ The consideration of size and type of business, type of a target group of consumers, types of products and services. The ability to provide security against fraudulent activity †¢ Being cost effective for low value transaction fees †¢ Being protective of the privacy of the users †¢ Easy to use, and being convenient for purchasing on the web based e-business Token-based E-Payment Systems Electronic tokens are the new financial instruments which are in the form of electronic cash/money or checks.Electronic tokens are same as cash that is backed by bank. They are of three types: 1. Cash or real-time ( e-cash) 2. Debit or Prepaid (smart cards, e-purses) 3. Credit or Postpaid (credit/debit cards, e-checks) E-cash Electronic cash is a consumer-oriented electronic payment. Though it replaces the cash but still cash is quite dominant form of payment for three reasons: 1. Lack of trust in banking system 2.Inefficient clearing and settlement of non-cash transaction 3. Negativ e real interest rates paid on bank deposit Advantages of cash over credit cards †¢ It is negotiable †¢ Cash is a legal tender †¢ Cash is a bearer instrument †¢ It need require bank account to operate †¢ No risk on the part of acceptor that the medium of exchange may not be good MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 2Properties of e-cash E-cash must have following four properties: Monetary values: Interoperability Retrievability Security E-cash in Action †¢ E-cash based on cryptographic systems called â€Å"digital signature† †¢ †¢ †¢ This method involves pair of two numeric keys (very large number or integer) that work in tandem (cycle): one for encoding and another for decoding. Message encoded with one numeric key can only be decoded with other numeric key and none other. The encoding key is kept private while the decoding key is made public. E-checks †¢ E-checks are a nother form of electronic tokens. †¢ †¢ A new electronic version of paper check. E-check is an instruction to a financial institution to pay a given amount of money to the payee. It is a specially formatted email message sent over the Internet. It contains as the same information as on paper based check. Check service providers PayByCheck (http://www. paybycheck. com) CyberSource (http://cybersource. com) Transaction Payment Sequence in E-check system Payer Transfer e-check Payee Deposit e-check Forward e-check for payer authentication Bank Accounting Server MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof.Vanita Joshi, SOM, SIMS, Indore 3 Transaction Payment Sequence in E-check system †¢ Buyer must register with third party account server using electronic check. †¢ On receiving the check, the seller presents it to accounting server for verification and payment. †¢ The accounting system verifies the digital signature on the check. †¢ Proper ly signed and endorsed checks can be electronically exchanged between financial institutions through electronic clearing house. Advantages of E-Check †¢ They work in the same way as traditional checks. †¢ E-checks are suited for micro payments. Eliminate the need for expensive process reengineering and taking advantage of the banking industry. †¢ Financial risk is assumed by accounting server. †¢ E-checks create a float through third-party accounting server. They make money out of buyers and sellers transaction by providing deposit account. Difference b/w EFT and E-check †¢ In E-Cheque, electronic versions of the cheque are issued, received & processed. So, payee issues an E-Cheque for each payment. †¢ In EFT transfer automatic withdrawals are made for monthly bills or other fixed payments; no cheques are issued.Smart cards †¢ A smart card is a plastic card with an embedded microchip containing information about you. †¢ A smart card can store about 100 times the amount of information that a magnetic strip plastic card can store. †¢ A smart card contains private user information, such as financial facts, private encryption keys, account information, credit card numbers, health insurance information, etc. †¢ So far not successful in U. S. , but popular in Europe, Germany, Singapore and Japan to pay for public phone call, transportation.Mondex Smart Card †¢ Holds and dispenses electronic cash (Smart-card based, stored-value card) †¢ Developed by MasterCard International †¢ Requires specific card reader, called Mondex terminal, for merchant or customer to use card over Internet †¢ Supports micropayments and works both online and off-line at stores or over the telephone †¢ Secret chip-to-chip transfer protocol †¢ Loaded through ATM – ATM does not know transfer protocol; connects with secure device at bank MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi , SOM, SIMS, Indore Mondex Smart Card Processing Mondex Smart Card †¢ Disadvantages – Card carries real cash in electronic form, creating the possibility of theft – No deferred (overdue) payment as with credit cards – cash is dispensed immediately Types of Smart cards Smart cards are basically of two types: 1. Relationship-based Smart Cards 2. Electronic Purses and Debit Cards Relationship-based Smart Cards It is the enhancement of existing card services that offer customers far better options like: 1. Access to multiple accounts (debit, credit, e-cash) on one card. 2.Offer various functions ( cash access, bill payment, balance inquiry, fund transfer) 3. Multiple access options at multiple location using multiple access device (ATM, PC, PDA or screenphone etc) Electronic Purses and Debit Cards Electronic Purses or E- wallet are the smart cards embedded with programmable microchip that store sum of money instead of cash. Once a purse is loaded with money it require card reader vending machine which verifies its authenticity . Then after amount is deducted from balance. It shows the remaining balance on the card hence eliminate the small bill in busy stores.E-wallets when depleted can be recharged with money . MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 5 Credit cards-based e-payment system Credit Cards †¢ A credit card is a small plastic card issued to users dealing in e-commerce. Most credit cards are the same shape and size, as specified by the ISO 7810 standard. †¢ A credit card is different to a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant.Credit cards-based e-payment system Customers who purchase any goods send their credit card details to the service provider involved and the credit card organization will handle thi s payment. Online credit card payment has following categories: 1. Payment using plain credit card details 2. Payments using encrypted credit card details 3. Payment using third-party verification Entities involved in Credit card Transaction Consumer (Buyer or Card holder) Merchant (Seller) Card Issuer (Consumers’ Bank) Acquirer or Principal (Merchant’s Bank) Card Association (Visa, Master Card etc) Third party processor How an Online Credit Transaction WorksEncryption and Credit cards Encryption process starts when credit card information is entered into a browser and sent securely over network between buyer to seller. Encryption process includes following steps: 1. Customer presents his credit card information securely to merchant. 2. Merchant validates the authenticity of card holder 3. Merchant relays this information to its bank or on-line card processor. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 6 4. The bank r elays the information to customer’s bank for authorization approval 5.The customer’s bank returns the credit card , charge authentication and authorization to the merchant Processing Payment with Encrypted Third-party authorization and Credit cards In third party processing, consumer register with third party on the internet to verify emicrotransaction. The companies providing third party payment service on internet are: ( First Virtual) †¢ http://www. fv. com †¢ http://www. openmarket. com †¢ http://www. 2checkout. com/ †¢ http://www. paypal. com/ Payment can be made by credit card via clearing house.Online Third-Party Processor (OTPPs) has following steps for buying information online. 1. Consumer registers for an OTPP a/c that is backed by credit card. 2. To purchase customer request merchant by her OTPP account no. 3. Merchant then contact the OTPP payment server with customer’s account no. 4. OTPP payment server verifies the customerâ₠¬â„¢s account no. for vender (merchant) & checks for sufficient funds. 5. OTPP server send a message to buyer that can be responded back by buyer as ; yes/agree; No/disagree; fraud. 6.If OTPP gets ‘Yes’ from customer, merchant is informed & then customer is allowed to download material. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 7 Online Payment Processing using a Third-party Processor Risk in using Credit cards †¢ Customer uses a stolen card or account number to fraudulently purchase goods or service online. †¢ Many people who will be on the Internet have not even had their first Web experience. †¢ Hackers find the ways into an e-commerce merchant’s payment processing system and then issue credits to hacker card account numbers. Many users are also likely to be younger and have less access to credit and debit cards †¢ Many purchases they make will be micropayments. †¢ Credit cards canno t be used for large sums of B2B transactions †¢ Customer falsely claims that he or she did not receive a shipment Limitations of Online Credit Card Payment Systems †¢ Security – neither merchant nor consumer can be fully authenticated. †¢ Cost – for merchants, around 3. 5% of purchase price plus transaction fee of 2030 cents per transaction. †¢ People living in rural areas don’t have same access to computers and Internet that others do. Social equity – many people do not have access to credit cards (young and old age), disabled, individuals who are not computer savvy and individuals who cannot afford cards ( poor credit risk). Designing Electronic Payment Systems Following criteria should be satisfied while designing any new E-payment System: 1. Privacy 6. Pricing 2. Security 7. Standards 3. Intuitive Interface 4. Database Integration 5. Brokers MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Ind ore 8 Electronic Payment System UNIT – 3 Electronic Payment System Contents †¢ What is E-payment? †¢ Types of E-payment Systems †¢ Digital Token-based Electronic Payment Systems †¢ Smart Cards & Electronic Payment Systems †¢ Credit Card-based Electronic Payment Systems †¢ Risk & Electronic Payment Systems †¢ Designing Electronic Payment System What is E-payment ? †¢ E-payment systems is the mechanism of transferring money over the Internet and technology used in this transfer is called as EFT. EFT defined as â€Å" any transfer of fund initiated through an e-terminal, telephonic instrument, or computer or magnetic tape to order, instruct or authorize a financial institution to debit or credit an account. It is mostly used for Business to business (B2B) commerce where companies doing business together tend to use electronic data interchange (EDI) system to send each other bills and notices of payment. E-Payment †¢ Information online offline $Products/services Adva ntages of E-Payment †¢ †¢ †¢ Increase payment efficiency – Reduce transaction costs – Enable trade in goods and services of very low value Increase convenience of making payments – Payment can be made swiftly and remotely using various devices Can be used for – e-commerce / e-Trade – For other purposes like paying bills, taxes, etc MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 1Categories of EFT Banking and financial payments * Large-scale or wholesale payment * Small scale or retail payment * Home banking Retailing payments * Credit cards * Debit cards On-line electronic commerce payments * Token-based payment system ~ Electronic cash ~ Electronic checks ~ Smart cards or debit cards * Credit card-based payment systems ~ Encrypted credit cards ~ Third-party authorization numbers Main factors when selecting e-payment method †¢ Availability (bank system, laws and regulations) †¢ The consideration of size and type of business, type of a target group of consumers, types of products and services. The ability to provide security against fraudulent activity †¢ Being cost effective for low value transaction fees †¢ Being protective of the privacy of the users †¢ Easy to use, and being convenient for purchasing on the web based e-business Token-based E-Payment Systems Electronic tokens are the new financial instruments which are in the form of electronic cash/money or checks.Electronic tokens are same as cash that is backed by bank. They are of three types: 1. Cash or real-time ( e-cash) 2. Debit or Prepaid (smart cards, e-purses) 3. Credit or Postpaid (credit/debit cards, e-checks) E-cash Electronic cash is a consumer-oriented electronic payment. Though it replaces the cash but still cash is quite dominant form of payment for three reasons: 1. Lack of trust in banking system 2.Inefficient clearing and settlement of non-cash transaction 3. Negativ e real interest rates paid on bank deposit Advantages of cash over credit cards †¢ It is negotiable †¢ Cash is a legal tender †¢ Cash is a bearer instrument †¢ It need require bank account to operate †¢ No risk on the part of acceptor that the medium of exchange may not be good MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 2Properties of e-cash E-cash must have following four properties: Monetary values: Interoperability Retrievability Security E-cash in Action †¢ E-cash based on cryptographic systems called â€Å"digital signature† †¢ †¢ †¢ This method involves pair of two numeric keys (very large number or integer) that work in tandem (cycle): one for encoding and another for decoding. Message encoded with one numeric key can only be decoded with other numeric key and none other. The encoding key is kept private while the decoding key is made public. E-checks †¢ E-checks are a nother form of electronic tokens. †¢ †¢ A new electronic version of paper check. E-check is an instruction to a financial institution to pay a given amount of money to the payee. It is a specially formatted email message sent over the Internet. It contains as the same information as on paper based check. Check service providers PayByCheck (http://www. paybycheck. com) CyberSource (http://cybersource. com) Transaction Payment Sequence in E-check system Payer Transfer e-check Payee Deposit e-check Forward e-check for payer authentication Bank Accounting Server MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof.Vanita Joshi, SOM, SIMS, Indore 3 Transaction Payment Sequence in E-check system †¢ Buyer must register with third party account server using electronic check. †¢ On receiving the check, the seller presents it to accounting server for verification and payment. †¢ The accounting system verifies the digital signature on the check. †¢ Proper ly signed and endorsed checks can be electronically exchanged between financial institutions through electronic clearing house. Advantages of E-Check †¢ They work in the same way as traditional checks. †¢ E-checks are suited for micro payments. Eliminate the need for expensive process reengineering and taking advantage of the banking industry. †¢ Financial risk is assumed by accounting server. †¢ E-checks create a float through third-party accounting server. They make money out of buyers and sellers transaction by providing deposit account. Difference b/w EFT and E-check †¢ In E-Cheque, electronic versions of the cheque are issued, received & processed. So, payee issues an E-Cheque for each payment. †¢ In EFT transfer automatic withdrawals are made for monthly bills or other fixed payments; no cheques are issued.Smart cards †¢ A smart card is a plastic card with an embedded microchip containing information about you. †¢ A smart card can store about 100 times the amount of information that a magnetic strip plastic card can store. †¢ A smart card contains private user information, such as financial facts, private encryption keys, account information, credit card numbers, health insurance information, etc. †¢ So far not successful in U. S. , but popular in Europe, Germany, Singapore and Japan to pay for public phone call, transportation.Mondex Smart Card †¢ Holds and dispenses electronic cash (Smart-card based, stored-value card) †¢ Developed by MasterCard International †¢ Requires specific card reader, called Mondex terminal, for merchant or customer to use card over Internet †¢ Supports micropayments and works both online and off-line at stores or over the telephone †¢ Secret chip-to-chip transfer protocol †¢ Loaded through ATM – ATM does not know transfer protocol; connects with secure device at bank MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi , SOM, SIMS, Indore Mondex Smart Card Processing Mondex Smart Card †¢ Disadvantages – Card carries real cash in electronic form, creating the possibility of theft – No deferred (overdue) payment as with credit cards – cash is dispensed immediately Types of Smart cards Smart cards are basically of two types: 1. Relationship-based Smart Cards 2. Electronic Purses and Debit Cards Relationship-based Smart Cards It is the enhancement of existing card services that offer customers far better options like: 1. Access to multiple accounts (debit, credit, e-cash) on one card. 2.Offer various functions ( cash access, bill payment, balance inquiry, fund transfer) 3. Multiple access options at multiple location using multiple access device (ATM, PC, PDA or screenphone etc) Electronic Purses and Debit Cards Electronic Purses or E- wallet are the smart cards embedded with programmable microchip that store sum of money instead of cash. Once a purse is loaded with money it require card reader vending machine which verifies its authenticity . Then after amount is deducted from balance. It shows the remaining balance on the card hence eliminate the small bill in busy stores.E-wallets when depleted can be recharged with money . MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 5 Credit cards-based e-payment system Credit Cards †¢ A credit card is a small plastic card issued to users dealing in e-commerce. Most credit cards are the same shape and size, as specified by the ISO 7810 standard. †¢ A credit card is different to a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant.Credit cards-based e-payment system Customers who purchase any goods send their credit card details to the service provider involved and the credit card organization will handle thi s payment. Online credit card payment has following categories: 1. Payment using plain credit card details 2. Payments using encrypted credit card details 3. Payment using third-party verification Entities involved in Credit card Transaction Consumer (Buyer or Card holder) Merchant (Seller) Card Issuer (Consumers’ Bank) Acquirer or Principal (Merchant’s Bank) Card Association (Visa, Master Card etc) Third party processor How an Online Credit Transaction WorksEncryption and Credit cards Encryption process starts when credit card information is entered into a browser and sent securely over network between buyer to seller. Encryption process includes following steps: 1. Customer presents his credit card information securely to merchant. 2. Merchant validates the authenticity of card holder 3. Merchant relays this information to its bank or on-line card processor. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 6 4. The bank r elays the information to customer’s bank for authorization approval 5.The customer’s bank returns the credit card , charge authentication and authorization to the merchant Processing Payment with Encrypted Third-party authorization and Credit cards In third party processing, consumer register with third party on the internet to verify emicrotransaction. The companies providing third party payment service on internet are: ( First Virtual) †¢ http://www. fv. com †¢ http://www. openmarket. com †¢ http://www. 2checkout. com/ †¢ http://www. paypal. com/ Payment can be made by credit card via clearing house.Online Third-Party Processor (OTPPs) has following steps for buying information online. 1. Consumer registers for an OTPP a/c that is backed by credit card. 2. To purchase customer request merchant by her OTPP account no. 3. Merchant then contact the OTPP payment server with customer’s account no. 4. OTPP payment server verifies the customerâ₠¬â„¢s account no. for vender (merchant) & checks for sufficient funds. 5. OTPP server send a message to buyer that can be responded back by buyer as ; yes/agree; No/disagree; fraud. 6.If OTPP gets ‘Yes’ from customer, merchant is informed & then customer is allowed to download material. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 7 Online Payment Processing using a Third-party Processor Risk in using Credit cards †¢ Customer uses a stolen card or account number to fraudulently purchase goods or service online. †¢ Many people who will be on the Internet have not even had their first Web experience. †¢ Hackers find the ways into an e-commerce merchant’s payment processing system and then issue credits to hacker card account numbers. Many users are also likely to be younger and have less access to credit and debit cards †¢ Many purchases they make will be micropayments. †¢ Credit cards canno t be used for large sums of B2B transactions †¢ Customer falsely claims that he or she did not receive a shipment Limitations of Online Credit Card Payment Systems †¢ Security – neither merchant nor consumer can be fully authenticated. †¢ Cost – for merchants, around 3. 5% of purchase price plus transaction fee of 2030 cents per transaction. †¢ People living in rural areas don’t have same access to computers and Internet that others do. Social equity – many people do not have access to credit cards (young and old age), disabled, individuals who are not computer savvy and individuals who cannot afford cards ( poor credit risk). Designing Electronic Payment Systems Following criteria should be satisfied while designing any new E-payment System: 1. Privacy 6. Pricing 2. Security 7. Standards 3. Intuitive Interface 4. Database Integration 5. Brokers MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Ind ore 8

Heres What I Know About Third Grade Writing

Here's What I Know About Third Grade Writing The Third Grade Writing Cover Up There's, naturally, a limit on the variety of pages even our finest writers can produce with a pressing deadline, but generally, we figure out how to satisfy all the clients seeking urgent assistance. He then would write three paragraphs explaining the advantages of each power. Prewriting writers rarely rely on various elements of synchronization are highly nationalistic, thus a nation report. Therefore, it runs with terrific accuracy with no downtimes. Whenever you choose to ask us for skilled guidance, don't hesitate to speak to our support managers. Finally, another fantastic part of this project is its usage of technology. No issue, just tell us in the on-line registration procedure. A careful choice of terms accommodation support offered by way of the issue. Third Grade Writing Ideas They desire to find out more. Explain why it's so important to you. Students lead busy lives and frequently forget about an approaching deadline. Third Grade Writing Fundamentals Explained This is also a fantastic speaking activity! A number of these components might already be part of your classroom routine. You may decide to only model one or two depending upon your class. Noncount nouns are somewhat more severe the season. We'll manage them, and for a sensible price, as we understand that students typically don't have lots of money to spare. We can also appear at this work and see what students know and are ready to do at distinc t levels. In 3rd grade you'll probably see a considerable leap cognitively in your son or daughter, and as a consequence more will be expected of him at school. Students who don't pass the very first time have many opportunities to retake the OGT tests. The New Angle On Third Grade Writing Just Released If you want to print your own copy, just click the image. Consult your child questions regarding different data you collected and create a graph depending on the data. You may want to actually write pieces in front of them so that they'll observe the way to use the anchor charts as a support during their very own independent writing. Time to inspect the dictionary! Explain why it matters to your loved ones and the way you do the tradition. Explain why it's so vital for children to attend school. Play a favorite song one that the kids might already know. You may set your children up on computers or tablets, based on what works for you. You might need to look at how your k id is holding a pencil and offer handwriting worksheets for practice. The third grade social studies curriculum comprises numerous lessons, along with worksheets and quizzes, organized into various chapters. In Third Grade literature can grow to be a critical source to model decent writing, and an intelligent teacher will carefully select the books used as sources. Although the rubrics aren't explicitly made to be utilized as instructional resources, the department stipulates the writing rubrics ahead of time so that educators can prepare students for the writing section of the TNReady assessment. In some classrooms students may order copies of different classmates' books. Explain why it's essential for students to understand how to do math. Third Grade students differ from K-2 students in that they might not be as willing to bring an opportunity in their writing. They should be able to use the full 40 minutes if they have been carefully introduced to the Writer's Workshop f ramework and they have a clear understanding of the expectations. You might need to review the sections of speech so it is possible to stay informed about your third grader. This call-and-response becomes third grade students' attention and enables them know precisely what to do. The piece has gotten increasingly significant for all students. If You Read Nothing Else Today, Read This Report on Third Grade Writing Our world is continually getting more and more diverse, and the sum of men and women who speak Spanish in our nation is continually increasing. Asking questions is a superb means to help your child if she gets stuck. Explain the reason it is important to aid individuals who are less fortunate than us. Explain why other individuals should admire this individual. Now that cursive has produced a comeback, teachers start the school year by devoting one week to every letter and spending a couple of minutes daily in review. Your kid's assignments will be different, but you can anticipate a set of short sit-and-write assignments, in ad dition to longer projects that span weeks or months, giving students the opportunity to reflect and revise their work with time. As a consequence, students may devote a lengthy period of time like a two or three weeks, working on one writing piece. By the conclusion of the very first week the students and I've learned a good deal about each other. Once the organizers are modeled students can start to choose topics for a bit of opinion writing and start to plan the piece they are going to want to publish and share. Kids may delight in the tool so much they'll forget they're building their writing skills at precisely the same moment. Teaching the basics of writing can signify helping students understand the fundamentals of storytelling, but nevertheless, it may also boil to the mechanics of pencil on paper, or the nuts and bolts of touch typing and keyboarding abilities. Many students will require assistance organizing their ideas and ideas. Warren went on to develop into a somewhat fluent writer over the course of the following few months. Receive all the books it is possible to get your hands on. Find out more about the topic on the internet or in a book together and then make an informative piece, explaining a topic or the way to do something.

Beauty, Pornography, And Disability In Pig Tales - 1687 Words

Pig Tales is a book about beauty, pornography, and disability. The protagonist of the book is a white woman who is not able to speak clearly about herself and who feels isolated from the world around her. As a reader, the narrator s name is not told throughout the novel. However, she has two boyfriends throughout the book named Honore and Yvan. The narrator begins the book explaining how naming is important but is never able to speak about her own name and the experiences she has with self-image. The female narrator does not have a job and is offered a sales position at a perfume store one day. The owner explains The important thing is to look lovely and well groomed at all time (Darrieussecq, 1997). She then accepts the job and†¦show more content†¦The sow is not able to voice her thoughts and feelings ever and struggles with her beauty. She is constantly trying to be seen as attractive to her boyfriends and other people but it never really happens. The allusion is made ab out the sow where she talks about how it was becoming harder to use her hands and then was fired from her job because of this issue. She was not able to perform her job like she was before and developed a disability (Darrieussecq, 1997). Throughout the novel, Pig Tales, the narrator was very silent about her life and did not want to be open about herself. The author Darrieussecq was trying to explain throughout Pig Tales that these nameless women s voices are often silent and not heard (Darrieussecq, 1997). Pig Tales can relate to feminism in many ways. Some ways that the novel relates to feminism are body image, sexuality and relationships, women s rights, inequality in the workplace, and race and class. First body image relates to Pig Tales in many ways. When the narrator first started her job at the perfume store, she was not big or the size of a pig. She was beautiful and the owner explained to her that the goal of this job was to come in every day and look very nice and put tog ether. However, as the woman began becoming comfortable with her job and lifestyle she started to put on some weight. People then began judging her and was probably one of the reasons her boyfriend Honore left her to be homeless. Her job was