Monthly Archives: September 2017

ATMS and Their Influence on Banking Sectors in Australia

Since deregulation of banking in the mid 1980’s, financial and banking industries in Australia have become increasingly competitive and innovative. Australia is ranked as one of the countries with the least controlled systems of banking globally with a foreseeable increase in competition due to implementation and large scale adoption of the recommendations of the Wallis Report done by the Financial Systems Inquiry. An increase in the number of banks and financial institutions entering the market today has led to adoption of various banking products and improvement in banking technologies such as ATMs.

ATMs are computerized telecommunications gadgets that offer clients of financial and banking institutions access to various financial transactions in public without the need for bank tellers and clerks. The bank clients are usually identified with plastic smart cards that are fitted with chips and magnetic strips. The cards contain security information such as the expiration dates of the cards and unique numbers. The security of the card is provided by the client who enters a personal identification number using Automated Teller Machines. The client can then access the funds held by the bank and make cash withdrawals or advances.

ATMs have had great influence on the banking sector in Australia. Firstly, they have helped create a highly sophisticated and secure financial trading environment offering Australians the capacity to carry out financial trading globally, electronically and in real time. The devices have also offered an improved fee transparency and competition within the banking and financial system.

Thirdly, with the growth of the electronic gadgets, Australian commerce has been able to reach new heights allowing consumers a chance to enjoy the wide range of financial choices. The devices have also made it possible for payments to be settled quickly and conveniently allowing customers, organizations and businesses the ability to transfer cash to and from personal and business accounts.

Mel writes about ATMs, ATM fees and other finance topics.


Use Furniture Trade Shows Effectively For Improving Your Office Furniture Sales

Office furniture trade shows are of considerable value to office furniture manufacturers, distributors, and dealers. They allow them to successfully advertise their office furniture products to their target customers and to inspire, motivate, and persuade them to buy from them.

However, like all marketing techniques, this one too requires adequate planning and a thought out approach if it is to yield the desired business results. If you are keen to participate in office furniture trade shows and exhibitions to improve your office furniture sale, you must first carry out extensive research about the various trade shows and exhibitions that are going to place in your city/region, as well as those in other parts of the world.

Find out complete details about the office furniture trade shows in the currect year, including the number of visitors and exhibitors that are expected , the number that were present the last year, who were the major industry players that attended the exhibition, what were the key highlights of the exhibition then and now.

To improve your office furniture sales, you must choose to participate in those trade shows and exhibitions which are especially popular and which attract a large number of exhibitors and visitors. Such office furniture trade shows can give you amazing opportunities to market your office furniture products to a significantly large number of people. Improved market visibility means higher prospects for your office furniture sales.

If you want your office furniture sales to be successful , you must carefully plan those actions required for before, during, and after the show You can arrange to have some pamphlets, brochures, and flyers printed for distribution to the trade show visitors. Give them your business cards and take down the contact details of those who show interest in your office furniture. Contact them right after the trade show to influence them further to buy from you.

Decorating your office furniture trade show booth attractively, distributing promotional gift items, and offering special for-show only discounts and offers, are some other means that will help improve your office furniture sales during the office furniture trade shows.

However, if you want professional advice and consultancy for improving your office furniture sales, you can visit jsacs.com It is the website of one of the best office furniture consultancy firms in the UK for office furniture dealers, office furniture distributors, manufacturing companies, designers, and wholesalers who want to grow their office furniture business.


Ways to Become A Successful Entrepreneur

Managing once business is not easy, you have to be creative and flexible to become success. Its about create ones life as it is about making a living. It takes time, courage and determination to become a successful entrepreneur. There are a lot of ways to become one of the successful entrepreneur, these ways are proven to some people who achieve their goal. Check if you possess one of them:

Discipline yourself. Adam smith once said, Do what you should do, when you should do it, whether you like it or not. Self discipline is the most important traits to success. You have to be strong in every step that you and this will lead you into some kind of satisfaction.

Have Faith. If you do it very easy, then youre not doing it right. If you do it hard, then you are doing right. Some entrepreneurs suffered failure and defeats, even bankruptcy, yet eagerly stand up to make it big in their fields. If you have faith, nothing can stop you. You must learn to pick yourself up to start all over again. You have to learn some experience that can teach you a lesson which wakes you up from a suffering.

Work Hard. As many success people do, they actually work harder and harder. No one achieves goal just by simply waiting for a chance and sitting in the chair thinking every single day. Working hard will be easy if you have a mission and vision in your life. Erase all temptations that could distract you determination to become success.

Focus on your strength. Each of us has strengths and weaknesses. To be more effective, you have to know your strength and concentrate on it. You will become more successful if you are able to connect your efforts to areas that you do best.

Eagerness to learn. You dont have to be a degree holder or a PhD graduate to succeed in your own business. In fact, there are a lot of entrepreneurs are degree holders. Some didnt finish college. These people reached their full potential achieved their financial and personal goals in business because they are willing to learn. To be successful, you must be willing to ask questions, this will help you to gain more knowledge to some experts. You must be interested to every detail, because that would serve as the new knowledge to reach and fulfill your goal. Willingness to learn is one of the most important in doing business.


All Top Entrepreneurs Have It Passion

Looking at the top entrepreneurs in any field will show one common quality to which they can attribute their successes. In most every case their business success is a direct by-product for the passion they possess. No where is this more true than with internet entrepreneurs being that in most instances their passion is their chief major resource. For many working online their financial resources are limited therefore they must call upon other resources to compensate as a result. So why does being passionate play such an essential role in the financial ‘fates’ of successful entrepreneurs?

Here is a look at 3 huge benefit this one particular quality offers anybody working online in terms of their ability to achieve business success!

Excitement Initiates Action

For many taking the first step is the most difficult part of carrying out any plan. The excitement produced by being passionate helps to push people to take immediate action. As many know the first step is usually the hardest one to take but successful entrepreneurs use their enthusiasm to overcome this hurdle.

Enthusiasm Drives You On

The energy supplied by an enthusiastic mood helps to propel internet entrepreneurs further into any new project or business venture thus creating momentum. As progress is seen moods are driven higher and so is the level of motivation as well. This is a good position to be in because after seeing progress you also know the concept or ideas you are pursuing actually work.

Resilience Drives You Even Further

Now it is unrealistic to assume there will not be glitches or set backs to contend with but when they do arise your passion helps to minimize any disappointment or discouragement. The tendency is to continue moving forward and the attitude is you will not be denied and this is what is needed to achieve business success. The willingness to do what it takes to get the job done and passion helps to provide and nurture this willingness!

The top entrepreneurs in just about every field all share a common bond insofar as a certain quality they all possess. Being passionate about their business pursuits seems to be an very important factor as to how many successful entrepreneurs reach their goals. In fact no where is this more evident than with the vast majority of internet entrepreneurs. For many working online financial resources are limited therefore what they lack in capital has to be made up for in their efforts and determination. Passion serve as a great resource, as the discussion above explains, for supplying the necessary drive and resilience needed for business success. If this is a ‘resource’ you have in abundance than channeling your efforts online seems to be the way for you to go!


Modest Business Franchise Ideas

Today’s world is very volatile and filled with trials and uncertainties. There are only so many ways of making money and many of these are fast getting saturated. Everywhere, people are looking for new and ingenious ways of earning money. People want to have their own business, but do not want to make a big investment. In such cases, it is good to look for a business idea which does not require too much initial investment. There are many websites which offer budget business Franchises for Sale. The ideas on these sites offer a wide range of businesses from pet grooming to babysitting to tutoring to caring for the elderly.

Virtual Assistant

In addition to traditional low cost business opportunities like babysitting, pet walking, or personal chef business, one of the leading new age businesses to think about is to be a Virtual Assistant. Many small business owners have too many tasks on their hand and wish to have someone to whom they can delegate. Virtual assistants can be of great help to them. They do everything that office assistants do, without even once meeting their bosses. They work on a contract basis from their household. In addition to basic administrative duties and keeping books, they also deliver specialized services like market research, technological troubleshooting.

Business Consulting/Image consulting

There are many low cost franchise opportunities like SEO solutions firms, or round the corner cafes available to people willing to put in the hard work and sincere efforts and of course part with some much short cash. But if parting with the initial capital is a problem, Business consulting or image consulting is another good opportunity for you. You could offer services like business plan writing, marketing, communications, help with legalities involved and so on. If you plan to offer image consulting services, you could advice on etiquette, fashion, dresses, accessories etc. This is one way of building a business around what interests you and what you are passionate about; all the time without too much of initial investment.

Event planning

Planning an event requires elaborate planning and organizing skills. Events/parties can be fulfilling and profitable if adequate hard work and efforts are involved. The overall success of an event planning business will be based on the experience that the planner brings to the clients. An event planner will have to have certain skills which are imperative to Low Cost business opportunities like this one. Good organization and time management, negotiation and budget management, creativity, public relations and marketing skills are a few of them.


Application of Online Database in Banking System

Suppose your personal important document is stored in an online database and has been connected to the web page with programming thus enabling you to see your personal important document. Think if the database software holding your important document to be full of securities. Only secure web database can save your document and it can be accessible to any part of the Globe. Besides your personal important document another significant application of online database is banking system that became integral part of every individual in modern banking system, whatever may be internet banking, mobile banking or another term used is core banking. Recent advancement of banking system like ATM, core banking using Information Technology people is very safe while they are traveling far way from home. It is still unsafe traveling with good amount of money, some time pulls your life in danger.

The main advantage of using an ATM is the fact that you can have access banking database up to certain level and as your requirement of cash in your bank account from any part of world, whenever you need it.

For instance, you are at a store that does not take checks or credit cards but it has an ATM, you can withdraw the money for your purchase. This also means you can travel anywhere without cash. If the location has an ATM and you have your ATM card, you can access your money instantly. Now days ATMs are not just technology you can use to access cash using online database software. Some ATMs you can transfer funds between accounts, buy stocks, check account balances and even buy stamps. All of these features can be accessed with one debit card or credit card and a PIN number. If you take measures to protect your PIN and account information, having access to an ATM is very convenient and makes life’s little emergencies far less challenging.

Cautions While Using ATM: You do need some carefulness when using an ATM. Identity thief in recent times using useless ATM receipts to get the bank account numbers of innocent customers. Consumers who have an ATM card are assigned a PIN to use when accessing their funds. Shoplifter sometimes stands close behind an ATM user to get this PIN, and then pinch his purse with the ATM card in it to cheat money from the account.


Property Investment Strategies

It is very difficult these day to decide on where to invest your money. More than the past five to six years bonds and stocks happen to be very volatile and furthermore as shoppers and nations are restricting their spending so commodities are obtaining a significant hit each day. Actual estate investment is regarded as the most prevalent investment approach these days. Real estate or property investment for any deal either shopping for or selling do have a right property investment advice from a professional to maximize your profits and minimize your losses. Real estate or property investment has extended been considered as one with the most secure type of investment that appeals on to many. Even with no thinking of their alternatives in mind that is the most likely long-term profits to be produced on their investment, many people blindly launch into the purchase of an investment property.

It’s incredibly important to recognize the fact which means of property investment and most important is the security of property investment in the long term while purchasing any of the investment properties or producing monetary security in any situations. The main aim on the property investor is always to capture earnings from rentals, and/or capital growth either via natural attrition or by adding capital value by means of development. Whatever the form or sector, property investments are solid, tangible and real in that a property is unlikely to depreciate in the long term offered due care, and consideration is provided to do diligence inside the acquisition stage.

Property as an asset class is normally made use of by Monetary Advisors as a risk-management and diversification tool, due mainly for the asset class sharing a low-correlation with equity markets despite the fact that some correlations do exist. It really is difficult to define the portfolio preparing characteristics of real estate in general terms because of the wide range of subsectors which all derive growth and revenue from various market-sectors and investment returns are driven by distinctive factors to the next subsector. Broadly speaking, all property subsectors do share quite a few characteristics that make the asset class appealing to Investors seeking capital security, revenue and growth.

Property investments, specially direct property investments, provide the Investor with an amount of security that paper-based investments don’t due just to the truth that excellent property assets retain capital value all through the long-term, which inside the situation of well-chosen properties in great places, is unlikely to fall and result in the Investor a capital loss. The Investor must be prepared and capable of tolerating the illiquidity connected with physical property assets, this asset class delivers correct diversification out of conventional economic assets such as stocks bonds and money.


Icici Bank Sells Terminals Of Card Payment

ICICI Bank has concluded the sale of its network of electronic point of sales (PoS) terminals that accept Credit Card and Debit Card payments to First Data Corporation (FDC). The bank has hived off its network of over 1.5 lakh electronic swipe machines to a separate company ICICI Merchant Services. First Data has bought an 81% stake in the company which has been valued at a little over $90 million.

When contacted, ICICI Bank refused to comment on the transaction. The bank has, however, communicated to merchants having ICICI Bank terminals that the PoS network has been transferred to ICICI Merchant Services. First Data, along with partner banks, is keen to proliferate payment transactions not just at top retailers but also through small cities or towns in India, said Amrish Rau, country manager, First Data Corporation.

Referring to the transaction with ICICI Bank, Mr Rau said an announcement would be made in due course. Mr Rau, who represents First Data in the country, is likely to head the new payments company. First Data is a US-based company that has been created after banks farmed out their back office processing systems into a separate company. FDC is presently owned by private equity giant KKR.

The Reserve Bank of India has already given clearance for the deal. According to banking sources, the deal value has gone up after RBI said that merchant establishments, including grocery stores and supermarkets, could swipe customer cards and offer them cash.

In addition to unlocking value, ICICI Bank expects that the specialised company will bring down transactions costs and also grow the payment network more efficiently. This is the first time that an Indian bank has hived off its PoS terminal network.

So far it has been foreign banks that have outsourced these functions but their network is of much smaller scale.

ICICI Merchant Services will earn a fee every time a credit cards or debit cards transaction is processed through the point of sale network. The fee is usually borne by the merchant and a large part of it goes to the card issuing bank. This is in lieu of the credit that the issuing bank extends to the cardholder until the end of the billing cycle. A smaller part of the commission goes to the bank owning the PoS terminal (acquiring bank) and smaller portion to the payment company Mastercard or Visa.

Incidentally, State Bank of India has for some time expressed its intention to set up a network of half a million point of sales terminals. To build this network the bank had earlier sought partners. However, the project was shelved as the bank decided to take a more holistic approach of its payments business.


SOCIAL MEDIA MARKETING FOR SMALL BUSINESS

SOCIAL MEDIA MARKETING FOR SMALL BUSINESS

About 33 % of consumers are not connecting with brands on social networks, according to a new report by interactive marketing firm Razorfish. Razorfish surveyed 1,000 consumers who reported both social media and ecommerce activity with the goal to find out how social media influences their purchasing decisions. 80 % were members of at least one social network and 40 % were active in two. -Social media has quickly become one of the most talked-about topics in marketing. We didn’t want this report to just be more of the same, so instead we took a different, more scientific approach to evaluating this phenomena and measuring its effects,- said Shiv Singh, VP and Global Social Media Lead at Razorfish. -Today, a brand’s actions speak louder than its words and pushing out messages is no longer enough to excite and engage consumers.- The question is now: How about you the small businesses and your social media activities? More than brand companies, small and medium business should step into social media marketing to expand your message and spread the word to the potential client, to make him informed, to make him interested and to make him a paid customer. To bother your targeted audience with outbound advertising messages is not enough in today’s times. The user out there has established some kind of personal advertising filter. Moreover he wants to find valuable information when he decides that he needs them, not when you decide to send him message through email marketing, radio or TV commercials, or call him by phone and disturb his daily doing. You need to build your credibility to address your marketing message. You need to be personal and authentic and to avoid sounding like an advertisement. Behelpfuland bevaluableofferrelevant content. This is the way how you as a small business cangain customer loyalty. – BE THE FLAME NOT THE MOTH! – Read more great posts like this one, visit -Blog Ad Monkey-. Stay tuned and subscribe to my blog viaRSSto get more great posts like this one. Your comments and ideas are welcome!

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How To Track Bank Account Transactions Manually

When a customer at the bank gets a hold of a statement in through the mail, the statement lists out all the transactions happened during previous month. The transactions include both incoming and outgoing, tallying up to a final sum which is indicated as the up-to-date account balance for the benefit of the customer. Without the benefit of the statement, the customer would be much more in the dark more with respect to the contents of the account. With the statement in hand the customer knows details such as the dollar value spent, the size of the income, and the present state of the account.

The fact of the matter is that this information becomes outdated almost immediately as the customer starts to use money. A simple ATM withdrawal means the account balance is not reflected in the monthly statement. The way to make sure one knows the state of finances even between statements is known as “bank reconciliation”. The device to help one do so is the checkbook register – which is simply a little sheet of paper that is used for recording transactions.

What is the importance keeping track of this money? The larger fraction of bank customers have come up against deep reasons to do so. Indeed, whenever a check is issued with a value higher than the level of money in the account, two things happen. The check may not go through incurring a bounced check fee, or the check goes through because the bank covers it temporarily triggering an overdraft fee. In both cases there is a serious negative consequence.

The types of transactions are many. Monthly car payments by way of check can result in a penalty if there are not enough funds on the day the payment is being cashed.

Personal checkbook registers impedes the rotten luck of such errors occuring. For people who have trouble managing their finances but also find maintaining a checkbook register too burdensome, there are electronic alternatives which are faster and easier to use. These are merely calculator-like devices that can easily be carried around. They have special entry keys for the different kinds of transactions one might encounter related to the checking account.

Very recently the U.S. Senate implemented a series of consumer-friendly finance rules relating to how banks charge overdraft fees (this fee is incurred whenever a bank steps in and pads a customer’s account whether or not the customer wants it). Basically a bank must ask a customer to opt-in to their overdraft fee program. However, the flip side is that without the overdraft fee, checks will bounce and cause other kinds of trouble. Therefore, it is still best to keep finances in check with devices like the checkbook register.