Analysis Of Electronic Payment Systems 4 Sample Essay

1. There are various types of electronic categories for the e-commerce system. The most popular type of electronic payment is the digital wallet. By using the digital wallet for paying purchases over the web more efficiently and by eliminating the need repeated information for each purchase. The digital wallet is more secure the owners information automatically when the information is completed for a purchase. For example; the consumer would not have repeat credit-card information each time they purchase something. 2.

Another type of electronic payment is micropayment this was developed for smaller purchase amounts, such as; music downloads, individual articles, which would be too small for conventional credit cards. This type is less secure and would have to repeat information for each purchase by the consumer. For example; if the consumer was to purchase music to download they would have to enter the information for each song they purchase. 3. Unlike the micropayment accumulated balance digital payment system enables users to make payments on the web, thus accumulating a balance that the user could pay periodically on their credit or telephone bills.

This type is for the consumer in payment on bills such as credit-card, telephone, car-payment, or car insurance. Although this type is also is less secure and the consumer has repeatedly entered the information for each transaction they do. 4. A different type of electronic payment is stored value payment system which allows consumers to make instant online payments to business or individuals which is based on value of the store online digital account. Though the credit-line of the store for the consumer maybe low or high and payment may direct to the store this to is unsecure type of system. 5.

The last type of digital payment is digital checking systems that the consumer PayByCheck extends the functionality of existing checking accounts so they can be used for online shopping payments. This type of digital checks is much faster than traditional paper checks. In comparison of electronic payment systems, the digital wallet is used most often for business and consumers. The reason is they can do more purchasing online and more efficiently by eliminating the need to enter the address and card credit-card information repeatedly. This type is also more secure for the business and the consumer.

Versus the other type of electronic payment systems which is less secure such as; the micropayment is limited on purchase within small amounts such as downloading music or individual articles, accumulated balance digital payment systems this allows the consumer in accumulating debit balance that is taken from their account that they must pay periodically on telephone or credit-cards which is used widely by online newspapers or publishing industry, in limiting consumers to peer-to-peer payment is store value systems, which is limiting in purchase such as; eBay that owns PayPal.

The function of the digital checking systems is extending the functionality of existing checking accounts; this type of system would work for the consumer if they had a checking-account in the bank. The most widely used in business is the digital wallets, due to the security for the consumer and business, with the consumers purchasing more online without retyping the information repeatedly.

This type of digital payment can replace any of the other type digital payment systems, because of the functions that is enabled for any small amounts for purchases, payment for bills on consumer account, for peer-to-peer accounts that would be located to the consumers account for PayPal, and also with taking out for from the checking account as well. The internet technology is supported by business-to-business through the e-commerce which is developed solely for purchases over the internet for business to receive payment directly for goods purchase.

For the business this is paperless transaction with security in place for consumer and business. This type of transaction insures the business they will receive payment on the purchase the consumer made. The consumer is happy due to no traveling-time, waiting in-line at the store for purchase of merchandize, or looking for sale people to answer question the consumer has.

American Values And Beliefs

As time passes, values undergo changes and compel me to engage in deep reflection. Every individual possesses their own distinct array of values, encompassing various aspects like history, family, state affairs, economy, religion, and personal beliefs. These values are shaped by qualities such as upbringing, honesty, intelligence, education, and kindness. Nevertheless, moral choices are unquestionably influenced by factors like place of living, nationality, religion, and the governing system prevalent in one’s country. Now let us direct our attention towards American values.

The article can be divided into different interconnected sections: Cultural roots of mainstream American society, American values, and National convictions of Americans. The author emphasizes the importance of analyzing the historical and cultural origins of mainstream American society in order to comprehend the prevailing American worldview fully. The author highlights that freedom is central to the values cherished by Americans, referring to historical facts to support this claim.

Moreover, the author acknowledges that Americans have a unique understanding of “freedom” which highlights the aspiration and ability for individuals to govern their own lives without any interference from organized authority. This viewpoint highly values individualism. It is important to mention that Americans also uphold the inherent worth of every person as they are believed to be created in God’s likeness. Apart from freedom, the author acknowledges other values cherished by Americans.

The author emphasizes the unique values that define American society. These values include individual ownership, self-sustainability, independence, achievement, self-worth, unwavering beliefs, and love for one’s country. The author specifically highlights American patriotism, which goes beyond a mere connection to the land and encompasses a distinct set of principles and the “American Way of Life.” Thus, freedom, identity, and patriotism can be seen as the central values of Americans. When analyzing the article’s style, it is crucial to pay attention to the vocabulary chosen by the author.

The article contains various international words like monarchy, aristocracy, patriotism, etc. It also presents a diverse range of terminologies related to its essence. In terms of morphology and syntax, the writer utilizes multiple non-finite verb forms such as participles and infinitives. Examples include the need for analysis, making a fresh start, seeking, and so on. Moreover, there is a significant usage of passive constructions in the article, such as were motivated and to be associated. Furthermore, the article demonstrates a more systematic syntactical organization and logical arrangement of ideas.

The text exhibits simplicity in its sentences and lacks subordinate clauses or conjunctions. It possesses a distinct organization with logical structure and expressive language. Notably, the article fully represents American values. Despite the passage of time and evolving values, Americans consistently place great importance on their national principles. Personally, my main concerns revolve around the well-being of my family and striving for peace within our nation. Finally, I want to express appreciation for your time!

The Performance Of Dubai Islamic Bank

Dubai Islamic bank is a bank that offers services related to Islamic Islamic law.

In the twelvemonth 2009, the entire gross gained by the bank was 5,133 ( million AED ) as compared to the study of FY 2008 the net gross had decreased by 2.6 %, and the entire net income earned by the bank was 1,207.49 ( million AED ) a net lessening of 22.31 % as compared to the FY 2008, with the entire assets of AED 90.

14 billion in the twelvemonth 2010, the bank stands among one of the largest Muslim Bankss in the universe, presently the bank has a client base of 1.2 billion which is a rather appraisable client base when compared with other Bankss. The portion monetary value of DIB is computed to 2.22 AED ( per portion ) updated latest to 31st March 2011, the net value of the market cap is evaluated to 8,429 ( million AED ), the endeavor value is evaluated to 7,450 ( million AED ), and the net portions outstanding is evaluated to 3,797 ( million AED ).

The net capital base of Dubai Islamic banks counts up to AED 10.53 billion as of December 2010, which is 17.2 % higher than the old twelvemonth?

Strategic Position


The Dubai Islamic bank is presently supplying services like retail banking, private banking, Johari banking, corporate banking, nomadic banking, phone banking, online banking, sharia board services, construction trade finance, exchequer and investing, undertaking to fund, syndication services, wealth direction services, concern banking, investing banking, undertaking finance services, and existent estate finance. The DIB is incorporated in all these services because they want to spread out their range in footings of banking and investing services in about every field, so as to vie with other participants in the concern.


The company ‘s chief aim is to set up its market all across the universe and to spread out them every bit much as possible, and to increase its client base so as to increase their gross and popularity in the planetary market.


The chief aim of DIB is to diversify and pull off organic growing, as growing in any sector is a must for a company particularly a banking corporation where the chances are eternal for any corporation DIB is concentrating majorly on the diversifying of its concern, and this scheme is really much consistent with the missions that are stated by the bank. The other schemes of DIB include enlargement of its subdivisions and the addition in its overall client base, this scheme of DIB helps DIB to spread out its trade in other states of the universe excessively. The addition in the overall client base is an obvious scheme of any banking corporation as the net income and gross earned by any banking house is dependent on the issue that more the clients the bank has the more is its net income earned.

4. Policies The major policies of DIB includes transitions of cardinal Islamic economic policies into house patterns for the demand of world and to welfare them with the Islamic policies, the policies of the DIB is consistent with the mission, aims and schemes of the corporation as the terminal user of any house is the consumer itself, and if the consumer is nonhappy with the company ‘s policies and services so every scheme of that company is conceited, and besides the company ‘s policies are consistent with every external and internal environmental characteristic. The company ‘s major scheme includes the enlargement of subdivisions and the add-on of new clients to the company ‘s client base; these policies reflect the company ‘s international and planetary trading scheme.

Corporate administration

The Board of Administration

The board of administration of the corporation consists of H.E. Mohammad Ibrahim abdulrahman alshaibani as the president, H.E. Sheikh Khalid bin zayed al nehayan as the frailty president, ahmad Mohammad saeed bin humaidan as the manager, saeed Mubarak Abdulla Mohammad al muhairi as the manager, abdulrahman hareb Rashed alhareb as the manager, tariq humaid matar Mohammed Al tayer as the manager. They all are the external employees of the corporation i.e.

they are non-executive members of the corporation i.e. they do n’t take portion in any determination devising procedures of the corporation. This group of executives consists of the top direction of the company.

The internal or the senior direction members of the corporation consist chiefly of Abdulla Ali Al hamli as the main executive officer, ahmed fathy al-gebali as the main fiscal officer of the corporation. These individuals are the portion of the senior direction i.e. they have influence in all the determinations doing and scheme devising treatments and procedures.

These executives comprise the internal direction or the senior direction of the company and involved in major determination doing procedures of the corporation. All the internal and the external members of the corporation that is discussed above particularly the non-executive members hold an important portion in the stocks. The stocks are publicly held by some of the major acquisitions are held by many other peoples and companies, besides the stock is traded in the market, with some of the board members getting major portions of the corporation. Some board members are the lasting board members of the corporation and they are in the non-executive group of the corporation and thereby they are the lasting members of the company, but the senior direction members are not-permanent members of the corporation, the main fiscal officer of the corporation is the newest member on the board of managers as he had joined the company in the twelvemonth 2011 itself.

The top direction consists of the president itself and the other managers of the company, though the non-executive members do n’t take portion in some determinations in major determinations like acquisitions and budget-related treatments their engagement is must.B. Top direction The top direction of the company comprise of H.E.

Mohammed Ibrahim as the president, H.E. tribal sheik Khaled bin zayed Al nehayan as the frailty president, ahmed mohammad saeed bin human as the manager, Saeed Mubarak Abdulla Mohammad al muhairi as the manager, Abdulrahman harem Rashed alhareb as the manager, they all are a portion of the non-executive board. But the major portion in the determination devising policies are taken by the senior direction group or the top direction group i.e. the Chief executive officer and the CFO of the corporation. The board members of the corporation have an important cognition of the international market and of market policies and as the key peoples are experienced enough therefore they contribute an important sum of cognition to the corporation and thereby taking the corporation to the following degree. The company ‘s senior direction is extremely skilled and is capable of taking the company to new tallness, the CFO for ex.

had joined the corporation in the twelvemonth 2011 itself, the CFO ‘s profile shows that he has a really good managerial base, he had worked for soybean bank as a CFO and assorted other investing houses, thereby he had gained adequate experience and he had served for many companies, therefore, his accomplishments must be singular. The company ‘s senior direction had developed a systematic scheme to be implied, some of them are planetary acquisitions and enlargement of concern. The company ‘s senior direction interacts with the lower degree directors and the board of managers rather often as they are acute to do new schemes and determinations for the company and they believe in including everyone in the procedure of determination devising. The company ‘s determinations are rather ethical as the company ‘s chief motivation is to utilize the instruction of Islam for the public assistance of the world in economic footings.

The top direction is extremely skilled and is expected to last the company in the future and to get by up with any job impacting the corporation.

External Environment: Chances and Menaces

Natural Physical Environment

Apart from banking the bank is besides engaged in merchandise and services like fabric merchandises, aluminum fixtures, motor vehicles.

Merchandises like Aluminum fixtures and fabrics depending on the sustainability of the environment i.e. fabrics are made from cotton and other natural merchandises and aluminum are obtained through excavation therefore the clime of the topographic point plays a really of import function in the development of merchandises of DIB. Apart from the clime one more natural force that affects the fabrication of DIB ‘s merchandise is the handiness of H2O in equal measure and natural catastrophes.

The chances for DIB in these sectors are illimitable but the lone thing that affairs is that how they could implement their schemes into their merchandise and services. All these forces have different effects in different states of the universe for ex. climatic and upwind conditions are different in different states of the universe, for ex. in Africa and Asia where clime are suited for the growth of cotton and jute merchandises, furthermore, natural catastrophes and catastrophes besides depends on the location of the fabrication works of DIB for ex.

in states like Japan, and Hawaii where temblor and vents are frequent. Solar air currents and sun musca volitant besides affecting the harvest as it destroys the harvest.

Social Environment

The major factors that are impacting merchandise fabrication are economical forces, technological forces, political forces, and socio-cultural forces.

The economic forces are the force that defines a corporation ‘s power in the market in footings of gross and portion monetary value, therefore economic forces are besides really of import forces that influence the fabrication of merchandise and services. The technological forces are besides one of the most of import forces that affect a company ‘s fabrication of merchandise and other technological procedures. The other forces that affect a company ‘s fabrication of merchandise and services are political forces, these are the forces which come into drama when the company had to do major political determinations about its company when trading in ain state or in another state. The socio-cultural forces are the forces that define the environment that surrounds the company, i.e. in UAE, the socio-cultural environment is different whereas if DIB will setup its subdivisions in other states of the universe like India, or the USA so they have to confront an entirely different environment and that will impact the bank. All these forces vary at other topographic points of the universe as the technological promotion of one state can be really good and DIB can take the best usage of that, and the political forces besides depends on the type of state they are covering with for ex whether the state is a democracy, monarchy, anarchy, etc.

all these forces play a really critical function in the development of a company in any state, particularly for DIB it is a really of import factor and the schemes of DIB should include techniques to undertake with the political state of affairs in other states. Socio-cultural is by far the most import facet for DIB as DIB is based on the instructions of the Quran and believes in its rules, hence there may be a line between them and clients when the bank operates in the non-Muslim state.

Undertaking Environment

There are six major forces that drive a company ‘s industry competition these are: Menace of new entrants: these forces vary from state to state, these forces are of high hazards because there have been opportunities ever that new entrants enter the market, and if the quality of merchandises and services provided by them are proved to be good so evidently the older participants have to endure, more or less.

Dickering power of purchasers: the dickering power of purchasers depends from state to state and harmonizing to the state of affairs, this force is rated as a medium force as non-many purchasers bargain on merchandises i.e. good in quality. Menace of replacement merchandise and services: the menace of replacement merchandise and services are ever high as any company can come up with a thought of better-substituted merchandise, and if that merchandise is better than the company ‘s merchandise so the company has to endure.

Dickering power of providers: bargaining power of providers is high as the provider is the individual whose quality of natural stuff decides the overall quality of merchandise. Rivalry among Viking houses: the competition among Viking houses is of medium type as the competition depends on the figure of rivals in the market and the quality of merchandise they manufacture. The relative power of brotherhoods, authorities, particular involvement groups, etc. have a high effect on the company as the company ‘s trade at any topographic point is subjected to the fact that they have good or non so good dealings with the authorities of that state.

Summary of External Factors

The socio-economic and undertaking environment is the most of import for the company and to the industry in which it is presently Viking.

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