Financial Regulation and Supervision Essay Example | Topics and Well Written Essays - 2500 words

Financial Regulation and Supervision - Essay Example The paper tells that Andrews Pick & Mix should seek to put in place relevant PCI DSS compliance measure according to its level of operations, and accept to offer credit and debit card payments, which would go a long way in enhancing its online retail business. Credit and debit card services are advantageous in that, they enable the business to verify and accept payments from a variety of major debit cards, credit cards, traditional checks, and electronic checks. The business is also able to accept payments from anywhere, since transactions are processed online at any remote location all over the world given internet connectivity. Moreover, the services will enable entry of information manually incase sales and purchases are done in physical retail outlets. Andrews Pick & Mix would also be able to get protection from fraudulent activities that are rampant in transactions made over the internet. Credit and debit card services consequently offer security protection through modern encryp tion utilities to give customers assurance and confidence when transacting and processing their personal credit and debit card information. The service security measures focus on the use of VeriSign SSL Certificate that does not require individuals to separately purchase certificates, as well as Address Verification Service that would help them in protecting fraudulent credit card application. When deciding on whether to accept the bank’s offer, Andrews Pick & Mix retailers need to analyze which card of credit and debit card payment solutions are relevant with respect to the merchant account they had with the company. If need be, the company may process alternative merchant accounts with the bank with regards to what is convenient to them, since the online income was only a small part of their turnover, although it provided a wider access to their portfolio of products. These particular aspects are critical for decision making on the kind of credit and debit payment solutions they will put in place. Moreover, Andrews Pick & Mix retailers had their own web servers hosted and managed by a design agency that had developed and customized their online payment application, which was integrated with a third-party provider of credit and debit card transaction processing facilities. However, Andrews Pick & Mix were not completely aware of the level of charges for different types of transaction and the precise contractual obligations they had adopted, as well as the potential risks involved. Their services had client’s payment card details being entered on the retailer's website, while other orders were being accepted by fax, telephone, and physical shop where payments could be made with a point-of-sale card terminal. The retailer needs to comprehensively put into consideration a broad range of aspects such as the average approval rating, cost per month, customer service, account set up time, point of sale options, start up costs, and internet based featur es (Segel, 2008). Average approval rating evaluates percentage of applicants approved, the application fees, and speed of processing the application. Ideal service provisions seek to target high rates of approval at no fee with

Edward EvansPritchard's contribution to anthropological theory Essay

Edward EvansPritchard's contribution to anthropological theory - Essay Example Modern anthropologists also study their home societies. Archeology: this branch, like cultural anthropology deals with the diversity in human behavior in the past. The only difference between the two being that the population in question no longer exists and hence is not physically available for observation and participation. Archeologists have to rely on artifacts, art forms and other remnants of an extinct culture in order to reconstruct history. Linguistic Anthropology: deals with the study of diversity in human language and communication methods between time periods and areas. Linguistic anthropologists analyze the development of languages over time, how contemporary languages differ, how they are related and the link between language and other aspects of a culture. Come to think of it most sciences study an aspect of humans in some way or the other. Take history, biology, chemistry, psychology, sociology and economics for example. There is an element, which sets the subject of anthropology a step aside from the rest of the sciences and that is the anthropological perspective, which consists of three components: 1. Cross -cultural or comparative: anthropology studies humans in every form of body and behavior. The entire spectrum of human aspects and comparing the aspects to one another helps analyze what is possible and necessary for humans. 2.Holistic: this component attempts to relate and correlate the parts of a culture to each other as well as to the parts of other cultures. It analyses the occurrences of combinations, relation of a particular culture to its environment and adaptations. 3.Relativistic: this perspective is the breeding ground for all existing controversies within the anthropological perspective. The idea being conveyed is that the value systems and customs pertaining to a particular culture are relative to that specific culture. In plain English, sauce for the goose may not be sauce for the gander! There is nothing such as right values and wrong values. Right and wrong is a very subjective issue, which has different interpretations and different meanings in different cultures. In dealing or communicating with other cultures we cannot automatically assume that the level of understanding is uniform between us and another individuals. It is always safer to assume that there is none. The principles of anthropology strictly guard against being judgmental of a particular culture. For example, certain practices among the locals of an area may come across as weird, amusing or even loathful to us but we must keep in mind that there might be a rational and a reasoning for any tradition to occur even though the logic might not be acceptable to our thinking. Malinowski initiative to understand " the native point of view" is the present day fundamental to socio-cultural anthropology. To understand a cultures concepts, traditions, and behaviors, we must push aside our preconceived notions about the same and take into consideration what these concepts mean to the people of a community. The emphasis on fieldwork is another aspect, which makes the subject of anthropology unique among other sciences in the sense that it involves "real time" observations. The concept of participant