Contactless payment (Ofer Abarbanel online library)

Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC, e.g. Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or any bank mobile application that supports contactless) for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity. Continue reading “Contactless payment (Ofer Abarbanel online library)”

Cashless catering (Ofer Abarbanel online library)

Cashless catering is a prepay point of sale (POS) technology that allows transactions with the absence of cash at the time of purchase.[1] It is used in canteens, particularly those in schools. The use of the technology has expanded to include music festivals such as Ottawa Bluesfest and Wireless Festival, where the system has been integrated into RFID wristbands.[2][3] Continue reading “Cashless catering (Ofer Abarbanel online library)”

Cash on delivery (Ofer Abarbanel online library)

Cash on delivery (COD), sometimes called collect on delivery, is the sale of goods by mail order where payment is made on delivery rather than in advance. If the goods are not paid for, they are returned to the retailer.[1] Originally, the term applied only to payment by cash but as other forms of payment have become more common, the word “cash” has sometimes been replaced with the word “collect” to include transactions by checks, money orders, credit cards or debit cards. Continue reading “Cash on delivery (Ofer Abarbanel online library)”

Automated cash handling (Ofer Abarbanel online library)

Automated cash handling is the process of dispensing, counting and tracking cash in a bank, retail, check cashing, payday loan / advance, casino or other business environment through specially designed hardware and software for the purposes of loss prevention, theft deterrence and reducing management time for oversight of cash drawer (till) operations.[1] Continue reading “Automated cash handling (Ofer Abarbanel online library)”

Central securities depository (Ofer Abarbanel online library)

central securities depository (CSD) is a specialist financial organization holding securities such as shares either in certificated or uncertificated (dematerialized) form so that ownership can be easily transferred through a book entry rather than the transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. This is usually done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. Continue reading “Central securities depository (Ofer Abarbanel online library)”

Credit card (Ofer Abarbanel online library)

credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder’s promise to the card issuer to pay them for the amounts plus the other agreed charges.[1] The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. Continue reading “Credit card (Ofer Abarbanel online library)”