Explain the difference in operations between credit card, debit card, charge card, store card and ACH payments

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section 1

  1. 1. Explain the difference in operations between credit card, debit card, charge card, store card and ACH payments. Which one do you prefer and why?2. If the official currency of the United States was changed from Dollars to Bitcoins, how do you think that would impact us?

section 2

  1. Assume you are the CEO of a company. You want to increase the productivity of your employees who often feel that the environment in your company is very restrictive. Up until now, your company does not allow the employees to access Social Media websites or apps on work-machines or on the company WiFi network. Will you consider releasing that restriction to increase employee productivity? Explain your decision.

 

Answer Preview……………..

It is apparent that in the current world, money can easily be transferred electronically, unlike there before where this was not available. They include the use of credit card, debit card, charge card, store cards and other ACH payments. There are various differences in operations between these electronic money transfer mechanisms……………………

APA 586 words

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