Across the Board

Blog on e-business and online payments.

Steve Jobs about consumers…

“It isn’t the consumers’ job to know what they want.”

– Steve Jobs

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PCI Data Security Standards Rock

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What value can coffee present to an employer?

CoffeeDo you provide your employees free coffee? I’m sure you do. Who on earth would work without an aromatic dose of caffeine in the morning, right? But what kind of coffee do you provide? And why?

I’m not asking about whether anyone can have a coffee break at any time or whether there are no limits etc. I assume you run at least a small firm and you’re not fanatically strict (nor despotic). So the only question that’s left is…

Is it instant coffee, ground coffee or maybe fresh coffee beans?

‘What?! Are you nuts?’ – yes, I can read your mind. Of course I know you’re an employer, not a cafeteria. But please, let me just analyze this subject and simply follow my thoughts.

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Glossary: Credit card

Credit cardCredit card – a plastic card (usually 85.6 × 53.98 mm ) which allows its owner to spend money on goods and services. It is possible to spend or withdraw money up to a certain limit.
The card issuer creates a revolving account and grants the cardholder a line of credit. After that the cardholder may borrow money to pay a merchant.

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Brand new layout

We’re into payments, so how on earth could we have a cool site? Oh, and make it attractive to potential clients at the same time. (After all, we eventually have to make some money, right?)

Yet we wanted a good looking and effective website.. Especially that our old one was… well, let’s be honest – it wasn’t exactly George Clooney of CSS. But that’s perfectly normal, every site eventually gets old and requires corrections or rearrangements.

It’s just that we decided, that our needs replacement.

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Glossary: Refund

RefundsRefund – it’s the money (or its transfer) which a customer receives from a merchant after making a complaint. The whole process usually looks like this:

  1. a merchant receives a complaint from a customer
  2. after analyzing the complaint, the merchant decides whether to refund the whole transaction, just part of it or refuse to give back any money at all
  3. if the merchant decides to refund, it makes a proper request-usually instructions are passed to the acquiring bank via PSP
  4. the acquiring bank contacts the issuing bank, which pays the money to the customer

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Glossary: Line of credit

Line of credit is an arrangement between a financial institution and a customer. In other words these are the terms of a credit. They define a maximum loan balance that the borrower will be allowed to maintain.
The terms offered to a customer depend on many factor like, for example, his credit history.

How does it differ from a loan?

Usually there are several advantages over loans:

  • the application process is simpler (also the approval takes days, not weeks)
  • a customer (borrower) can draw money at any time (of course if the credit limit is not exceeded)
  • a customer isn’t charged on the money that wasn’t used
  • there is more flexibility in repayments

Terms, which can mean the same: tradeline, credit line, LOC

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Glossary: Credit limit

Credit limitCredit limit is the maximum amount of credit that a certain financial institution will extend to its costumer. Usually this term is used in two cases:

  • a bank extends credit to its costumer,
  • a credit card company extends credit on a single credit card.

What does it really mean?

A credit limit is simply the amount of money which a customer (debtor) is allowed to take on a particular line of credit (which is the commitment between a bank and its client).

Actually the second case is rather more often. Here a credit limit is the maximum amount of money that the owner (the cardholder) of the particular credit card can take out on this card. This means he or she can buy goods or services only until reaching such limit. After that the debt must be paid in order to use the credit card again.

The limit itself is based on many factors including the lenders cashflow, the debtors ability to pay his debts etc.

Terms, which can mean the same: credit cap

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3… 2… 1…

LaunchIgnition!

And we’re off!

Yep, today we launch our blog: Across the Board.

We are very proud to announce this fact, though it may seem a little strange. After all, it’s just the beginning, we haven’t written anything yet, so why the pride, right?

Maybe so, but we’ve got lots of ideas to share. And we’re truly excited about it.

We simply can’t wait to fill the blog with some really marvelous content ;)

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