Foreign Exchange Service of Bank Asia Limited Essay Example for Free

Foreign Exchange Service of Bank Asia Limited Essay 1. Introduction The banking sector in Bangladesh comprises of four categories of scheduled banks. These are, nationalized commercial banks (NCBs), government owned development finance institutions (DFIs), private commercial banks (PCBs) and foreign commercial banks (FCBs). Performance of these banking sectors under CAMEL framework, which involves analysis, and evaluation of the five crucial dimensions of banking operations, the five indicators used in the rating system are (I) Capital adequacy (ii) Asset quality (iii) Management soundness (iv) Earnings and (v) Liquidity. In addition, foreign Exchange Service is one of the major considering factors regarding these indicators. The bank acts as a media for the system of foreign exchange policy. The principles of foreign exchange service involve the entire system, the media used, and the monetary unit. According to Mr. H.E. EVITT Foreign Exchange is that section of economic science which deals with the means and methods by which right to wealth in one countrys currency is converted into rights to wealth in terms of another countrys currency. So bank should be aware about this section for the overall development of the economy. 2. Background of the study An internship program’s necessity is originated for implementing the theoretical knowledge in particle field. Therefore, internship program is included in BBA program. The goal of this report is to identify the contribution and the effect of foreign exchange service in Bank’s net profit. 1.3 Rational Of the Study The rational of the study is to know more about the course in practical life. This study also helped me to know the banking system. From this study I learned about the different functions in the bank like offering online banking, pay order, foreign remittance, foreign trade, investment etc. I also learned how the banks perform these functions, what problems they face, and their benefit in offering different services to their clients. Then I was assigned in foreign trade department, so I have learned about L/C Files, register and over all L/C mechanism. In this section, how they provide their services to the clients I have also learned about it. As a student of Finance, it is very important for me to acquire proper knowledge in this course to get better result in the future. 1.4 Objectives of the Study 1) The prime objective of the study is to understand various functions of Banks. I tried to evaluate the present condition of the banks. 2) To know about various products services of this bank, and to know about the banking terms as well as habituate with banking environment. 3) To know how they find out the risk of the foreign trade. 4) To know how they identify these types of risk and minimize them. 1.5 Methodology of the study For preparing the report, I followed the following steps: âž ¢ Primary Information: First, I collected data about the Foreign – Exchange Service in Bank Asia ltd. MCB Dikusha Branch by tenting to personnel working in the bank. âž ¢ Secondary Information: Then in the second stage, I analyzed the collected data, working in Foreign Trade Department. Again, †¢ Personal Observation †¢ File Finding †¢ Annual Reports of BAL †¢ Articles of BIOM helped to prepare this report. 1.6 Limitations of the Study Not all the information of a Bank can be disclosed. It is very much essential for a bank to provide security to the customer. So the perfect information might not be shown in all places. The Employees of the Bank are also very busy. Therefore, the employees of the bank do not have enough time to provide me help regarding preparing report. Therefore, it was very hard for me to collect the data and bring out the proper information in order to make report look good. I had to go through many obstacles in order to make it presentable. 1.7 Scope of the Report The scopes of the report are as follows: †¢ The report would help the top management to identify the key areas of weakness and strength in foreign exchange service. †¢ The scope of the study is based on brief description of BAL has been furnished. †¢ The study may help top management in planning and decision making regarding foreign exchange service. CHAPTER 2: AN OVERVIEW OF THE PRINCIPAL ACTIVITIES OF â€Å"BANK ASIA LIMITED† 2.1 OVER VIEW OF BANK ASIA LIMITED: Bank Asia Limited (Ltd) has been launched by a group of successful entrepreneurs with recognized standing in the society. The paid up capital of the Bank is 1395 million. The management of the Bank consists of a team led by senior bankers with decades of experience in national and international markets. The senior management team is ably supported by a group of professionals many of whom have exposure in the international market. Bank Asia Limited is one of the third generation private commercial banks (PCBs), incorporated in Bangladesh on 28 September 1999 as a public limited company under the Companies Act 1994, and governed by the Banking Companies Act 1991. The Bank went for public issue of its shares on 23 September 2003 and its shares are listed with Dhaka Stock Exchange Ltd and Chittagong Stock Exchange Ltd. Bank Asia Limited acquired the business of Bank of Nova Scotia (incorporated in Canada), Dhaka, in the year 2001 and at the beginning of the year 2002, the Bank also acquired the Bangladesh operations of Muslim Commercial Bank Limited (MCBL), a bank incorporated in Pakistan, having two branches at Dhaka and Chittagong and one booth at Dhaka. In taking over the Bangladesh operations, all assets and certain specific liabilities of MCBL were taken over by Bank Asia Limited at book values. Within a short span of time Bank Asia Ltd has established itself as one of the fast growing local private banks. It has at present a network of Thirty three branches serving many of the leading corporate houses and is gradually moving towards retail banking. Another significant delivery channel is its own as well as shared ATM Network. Bank Asia has a network of 25 ATMs out of which 6 it owns. The other 19 ATMs are shared through ETN with eleven other banks. Since its humble beginning in 1999, it set milestone by acquiring the business operations of the Bank of Nova Scotia in Dhaka, first in the banking history of Bangladesh. It again repeated the performance by acquiring the Bangladesh operations of Muslim Commercial Bank Ltd. (MCB), a Pakistani bank. In the year 2003 the Bank again came to the limelight with oversubscription of the Initial Public Offering of the shares of the Bank, which was a record (55 times) in our capital market’s history and its shares commands respectable premium. The asset and liability growth has been remarkable. By Dec 2007 the total asset of the Bank grew to Tk 38436 million, increase of almost 26% comparing to 2006. As of Dec 2007 deposits increased to Tk 30004 million, an increase of 19% over that of 2006, and Loans Advances reached Tk 28456 million, an increase of 28% over that of 2006. Bank Asia has been actively participating in the local money market as well as foreign currency market without exposing the Bank to vulnerable positions. The Bank’s investment in Treasury Bills and other securities went up noticeably opening up opportunities for enhancing income in the context of a regime of gradual interest rate decline. Bank Asia Ltd is maintaining its competitiveness by leveraging on its Online Banking Software and modern IT infrastructure. It is the pioneer amongst the local banks in introducing innovative products like SMS banking, and under the ATM Network the Stelar Online Banking software enables direct linking of a client’s account, without the requirement for a separate account. 2.2 VISION STATEMENT OF BANK ASIA LIMITED: Bank Asia’s vision is to have a poverty free Bangladesh in course of a generation in the new millennium, reflecting the national dream. Our vision is to build a society where human dignity and human rights receive the highest consideration along with reduction of poverty. 2.3 MISSION STATEMENT OF BANK ASIA LIMITED: To assist in bringing high quality service to our customers and to participate in the growth and expansion of our national economy. To set high standards of integrity and bring total satisfaction to our clients, shareholders and employees. To become the most sought after bank in the country, rendering technology driven innovative services by our dedicated team of professionals. 2.4 CAPITAL STRUCTURE: Banks generally do their business with other’s fund, so Bank Asia Ltd is not in exception. Bank Asia Ltd uses 24% equity and 75% Debt source of capital. The capital structure is following:

Importance Of Professionalism In Healthcare Nursing Essay

Importance Of Professionalism In Healthcare Nursing Essay Nowadays, the word professionalism is a popular issue at the leading edge of entire healthcare professions especially in the field of physiotherapy. It is presently one of the primary areas of interest as physiotherapy progresses to Vision 2020. Vision 2020 is the American Physical Therapy Associations (APTA) established target for the future in 2020. Healthcare providers will be doctoral-level qualified, recognized by different healthcare specialists as well as patients, and will have maximum absolute access in each and every circumstances within their scope of practice in that year (APTA, 2011). Professionalism can be ascertained in several different ways and from various perspectives. According to the Dictionary of Occupational Titles, professionalism is defined as a proficiency of a clear and specific body of knowledge and contribution to that body of knowledge with an adherence to a distinct code of ethics which controls behavior via rigorous healthcare training (Dictionary of O ccupational Titles, 1991). The 7 main core values of professionalism in physiotherapy stated by the American Physical Therapy Association (APTA) are accountability, altruism, compassion/caring, excellence, integrity, professional duty and social responsibility as well (Swisher and Page, 2005). The relationship between healthcare professionals and patient is intended to be therapeutic in nature as the patient has a need for technical services from healthcare professionals and the healthcare professionals are the technical experts who are qualified to help the patient. The ability for healthcare professionals to maintain the level of professionalism is very important because this will give assurance to the patients that the healthcare professionals are in good hands. A healthcare professional should be able to supply a measure of support and the security of knowing what one is supposed to do (Brechin, Brown Eby, pp 149). A healthcare professional has to find ways of handling various situations which enable them to continue to provide health care. The patient who feels that the healthcare professional has been professional is comforted and assured is beneficial for the healthcare professional to gather sufficient information and the active participation of the patient. For example, making a wise decision and speaking firmly will give a good impression on the patient and their family members. It is also important that the medical professionals should use the language that can be easily understood as jargons may work perfectly well with professionals but not patients, thus creating confusion, incorrect cases and dissatisfaction in patient. Hence, professionalism can bring trust and confidence between the healthcare professionals and the patient. According to Miller-Keane Encyclopaedia Dictionary, the ethical norms, values, and principles that guide a profession and the ethics of decisions made within the profession are meant by professional ethics. Based on code of ethics adopted by American Physical Therapy Association (APTA), healthcare providers should be accountable in making professional judgments. This is well elaborated when a healthcare provider is thorough with professional standards, practicing up-to-date evidence-based practices, equipped with good practitioner experiences, performing within his level of expertise, valuing patients feelings, in demonstrating independent and objective judgments when clients participating fully in all practical settings together with good communication amongst interdisciplinary and multidisciplinary healthcare team. Legal and professional obligations should be fulfilled by healthcare providers. They should adhere themselves to applicable local, state, and federal laws and regulations. Those include having prior culpability in supervising assistants and supporting personnel, protecting clients personal information, providing notices upon termination of provider relationships to appropriate authority, and encourage colleagues in physical and psychological aspects when they hesitate to ask for assistance in professional practices. (Code of Ethics, 2010) It is mentioned in code of ethics that, healthcare providers shall enhance their expertise through professional behaviours. They should achieve and maintain professional competence in taking responsibilities for their professional development based on critical self-assessment and reflections especially on current changes of physiotherapy practices, education, healthcare delivery, and technology. They should evaluate applicability of updated evidence-based practices in pre, during, and post practice. They should cultivate lifelong learning and professional development. In professional ethical practice, healthcare providers should promote organizational behaviours that benefits patients and society. They should support autonomous and accountable professional judgments, not accepting gifts and other considerations that might influence a judgment, always being alert of documentation and coding for practice accuracy to avoid any complications, and prevent one from fulfilling professional obligations. The major attribute of professionalism is self-improvement. Research is one of the importance ways to improve themselves. This is because research is able to gain and widen the knowledge of the healthcare professional such as the latest interventions. Knowledge is essential for reasoning and decision making which are central to professional practice (Higg, Jones, 2000, p.24). Knowledge empowers the healthcare professional, increase their self-confidence, sense of mission and hope which is able to manage the untreatable illness (Blumenthal, 2011, pp.254-255). According to the Paul B (2005), knowledge, skills, and behaviour need to be achieved via self-improvement in order to improve the quality of care towards the patient. These ensure the better interaction between the healthcare professional and patients especially to avoid any misunderstandings. Self- awareness is a continuous process of noticing and exploring aspects of one self such as the psychosocial, physical and behavioural aspect with the intention of developing personal and interpersonal understanding (Burnard,2001,p.68). It is a very important skill and it has the ability to influence the healthcare professional. Self- awareness is significant as when they have a better understanding of themselves; they are able to make changes and hence strengthen every aspect of the healthcare professionals. This is a way to achieve the patient-centered care practice. In addition, the self-awareness is required from the healthcare professionals so to enable them to attune to patients and their experiences, concerns and interpretations of their illness. Thus, a close therapeutic relationship can be developed and sustained (Higg, Jones, 2000, p.30). Other than that, decision making for a healthcare professional is very important as there are many other alternative treatments, and as a healthcare provider, we need to choose the right treatment that has the highest probability of giving an effective treatment to the patients. Decision-making is a process of reducing any uncertainty and doubt to allow a healthcare provider to choose the best choice among them (Robert Harris, 2009). Decision-making could be influenced by several factors. These include: clinicians goals, psychosocial skills, based of knowledge and expertise, values and beliefs, strategies for problem solving and procedural skills. Patients characters influence the decision-making too. This closely associated with patients goals, values and beliefs, physical, education, psychosocial, and cultural factors and as well as environment factors such as clinical practice environment, overall resources, time, level of financial support and level of social support (OSullivan.B.S.,Schmitz.J.T., 2007,pg 3). Framework for a patient management is crucial for decision-making, as it assists to provide successful manifestation on healthcare provider plans. With a good planning ahead, an effective and efficient work could be carried out. Clear settings of aims and objectives, priorities, planning and evaluating work are those important aspects of management (Ewles.L.,Simnett.I., 2003, pg149). Effective treatment on the other hand plays important roles in the practice setting. The treatment given must be appropriate to the need of the patient and the members of the healthcare team (OSullivan.B.S.,Schmitz.J.T., 2007,pg 4). Evidence-based practice is also being emphasized upon decision making. A successful treatment can be accomplished with the evidence-based medical practice. Data collection and analyzing on qualitative or quantitative questionnaire are done as a form of evidence-based practice. Evidence-based clinical practices protect healthcare providers from discrimination and no research-b ased illegitimacy. Constant reflections and practitioners experiences provide a guideline for the healthcare professional in enhancement of service care through evidence-based clinical practices. (Ewles.L.,Simnett.I., 2003, pg 129). In a nutshell, a high standard of professionalism will benefit both healthcare providers as well as patients in the long run and it allows healthcare providers to experience a development in self-confidence together with reliability from patients, co-workers as well as most of appreciation from others (Gage, 2007). Professionalism is a fulfillment for all patients, no matter young or old. It also behooves healthcare providers to serve in a proficient manner at all times because it creates a positive effect on every single individuals involved in any circumstances. In other words, professionalism denominate the entire healthcare practices in aspects like communication and decision making by implementing the value itself onto the healthcare providers. Thus, it is essential for healthcare provider to be versatile and not to underestimate any one aspect of professionalism. (1399 words)

Literary Components Of M Commerce Information Technology Essay

Literary Components Of M Commerce Information Technology Essay The present assignment on Secure Mobile Transactions: m-commerce, aims to present a comprehensive view of all the technological and security aspects that influence and govern monetary transactions done on wireless networks. This paper refers to some basic concepts related to m-commerce and then proceeds to discuss various purely technical issues involved in m-commerce. This work identifies presently available technologies that facilitate m-commerce and gives explanation about each of such technology. Further, the assignment focuses on the security challenges involved in mobile transactions and various aspects of mobile payments. Finally, the paper gives a brief list of m-commerce solutions currently available. Table of Contents 1. Introduction: Mobile commerce or simply m-commerce relates to commercial business operations and transactions carried out on wireless telecommunication networks with the infrastructural assistance of handheld mobile electronic devices. E-commerce is the commercial business processes done on internet and the m-commerce is making all monetary transactions on mobile devices (wireless electronic commerce). The technology of m-commerce offers many services and facilities that make commercial dealings simplified and reduce time consumed in those transactions. But the users and service providers have to be cautious of possible treats of wireless trade operations. Security of information, privacy to personal details and protection to the money involved are the real touch stones of strength of m-commerce. 2. Literary components of m-Commerce: The concept of mobile commerce came into existence in the last decade of the 20th century. What has started as a facility to make payments to a soft drink vending machine, has now effectively subsumed nearly every aspect of electronic commerce. Today, m-commerce has emerged as a viable extension to e-commerce. Now the customers of any service or product can make their payments over mobile phones staying anywhere or even on move. Fundamental difference between e-commerce and m-commerce is that, in electronic commerce business dealings and transactions are made on internet, but the mobile commerce services can be used with the help of simple and inexpensive SMS and IVR systems (Rediff.com, 2010). Statistics inform that, the penetration of personal computers is still limited and the mobile penetration is nearly ten times more than that of PCs. Further, the wide internet access is still a distant dream with the exception of big cities and conurbations. Thus with the presently available u ser share and the further spread in future would certainly point mobile commerce as a viable and popular option to make swift and secure monetary transactions. Further, people with basic literacy can also make use of various services of mobile commerce unlike the electronic commerce, which requires the users to have good command on PC knowledge and its operational procedures. The central point of mobile commerce is making payments on mobile phones. It is a point of sale payment made over a mobile gadget like cell phone, PDA (Personal Digital Assistant) ,a smart phone, gadgets of personal area networks and other newly coming wireless equipment (Krueger, 2001). Here, not only the merchandise transactions made through cell phones but the monetary payments made to utility vending machines, cab services, car wash machines etc also constitute acts of mobile commerce (Paavalainen, 2001). The core idea is the convenience. This convenience should not turn into a nightmare because of lack of security of the data exchanged in these commercial transactions over wireless networks. Important services offered by m-commerce are, Making reservations of tickets of journeys Booking various entertainment show tickets Making payments of civic utility bills Transferring gift vouchers Booking hotel rooms Booking cab services Make money donations to social service foundations Making stock market trading To avail all these facilities, mobile users can make use of SMS, BREW, GPRS and IVR services. Key issues of mobile transactions are the questions of authentication and security. The service providers have to follow robust security standards that are in vogue world wide. Some of the presently accepted standards are PCI DSS (Payment Card Industry Data Security Standard). Advantages of m-commerce are: Reduction of time consumed in serving merchandise orders Reduction in the cost of management of commercial transactions Gives extensively broad reach Helps in effectively coordinating all the business processes involved Gives competitive advantage in matters of product pricing Provides high speed access to modern cellular applications (Answers Corporation, 2010). Disadvantages of mobile transactions: Cost of establishing and managing wireless telecommunication infrastructure Concerns over safety of information and data exchanged over mobile gadgets Mobile devices come with small screens and this limited display can limit the types of data and files that can be exchanged and accessed Advanced mobile technologies are now largely confined to big cities Technical limitations of mobile telecommunication equipments (Answers Corporation, 2010). Given the comparative merits and demerits of mobile commerce, one can be perfectly sure that, the ongoing technological researches would certainly find viable answers to problems of this new paradigm in wireless commerce. 3. How m-commerce differs from e-commerce? The level of wide availability of wireless telecommunication networks to use m-commerce applications practically from any location. The convenience in handling these small and low weighed devices is unique when compared to equipment required for carrying out electronic commerce transactions. Further these mobile devices are purely personal electronic gadgets and this guarantees maximum personalization unlike the PCs with Internet which are needed for e-commerce actions that are often shared among multiple users. Localized positioning of users can be done on all mobile commerce transactions. As the users carry their mobile phones with them, they can utilize their preferred personalized settings with which they can transact. This personalization is not available in electronic commerce transactions and dealings. 4. Technical areas related to secure m-commerce: There are various aspects on the technical front that are closely related to safe money transactions done on wireless telecommunication networks with the help of mobile handheld devices. They are: 4.1. Need for secure m-commerce: According to Yeun (2001), there are more cell phones which are connected to internet than the number of net connected Personal Computers. Though the PC penetration is also gaining pace, the spread of mobile phones and related gadgets has already surpassed all the future projections. The comfort given by mobile merchandise transactions is fueling the further expansion of m-commerce. As more and more people are resorting to the m-commerce utilities, the service providers have to take every care to ensure that all the transactions done, payments made, business deals concluded and the information exchanged over wireless networks is best guarded and strongly protected. Already the electronic commerce has seen any worst cases of security breaches and fraudulent infringements in high value commercial transactions done on electronic media through PCs connected to internet. This shows the dire need to research, design, invent and implement robust security standards for every small monetary tr ansaction done over mobiles. Propensity of threat should be reduced and the vulnerability of supportive wireless networks should be reduced to sub-terrestrial depths to complement the growing demand for m-commerce. 4.2. Security Challenges in m-commerce: As the wireless telecommunication networks are spreading fast and becoming a ubiquitous resource, the user base of m-commerce is fast expanding. But to ensure the continuity of this boom, high security of mobile transactions is in dire need. Important data and transaction security problems that pervade over m-commerce transactions are analyzed by Grosche Knospe (n.d.). As the mobile gadgets are purely personal devices, they are bound to carry some important private and confidential information which needs protection from unauthorized intruder access. To answer this threat these, smart and sensitive gadgets must employ user authentication mechanisms like passwords and PIN. Further, these cell phones must come with good data backup and crash recovery tools pre-installed in them, to cater to any unforeseen data loss and authentication breach. The operating systems used in the wireless gadgets must have tested perfection in defending owners data security needs. While the owner of the mobile phone intends to transmit some data over wireless telecommunication network for any commercial dealing, the wireless interface that guides this information exchange must be strong enough to maintain high levels of confidentiality, content integrity and more particularly user authenticity. Eavesdropping is a big threat which the wireless networks have to confront ser iously. Data security mechanisms vary from one mobile technology to another. The end user access networks need to be strongly protected from data theft within and out side these network loops. And the network operator concerned must ensure that the money transactions made are concluded to the maximum satisfaction of both parties. Money payment actions done on wireless networks should have assured secrecy and protection to the money involved. This task should cover all the stages starting from the payment or committing to make a payment up to the conclusion of the deal and authentication systems have to guard the entire transaction leaving no chance to intruder attack. 4.2. Technologies involved in m-commerce security: With the increasing widening of mobile penetration, and all other similar wireless handheld devices, the services offered by mobile commerce have assured future. The technologies involved in the mobile commerce mainly deal with transferring of data and information over the available wireless telecom networks. Presently, widely used supportive network technologies are 2nd generation (2G), 3rd generation (3G) etc (Grosche Knospe n.d.). 2nd generation wireless telephone technologies include, GSM (TDMA based), CDMA One etc. 2G telecommunication technologies are also known as PCS (Personal Communications Service) in USA. Advanced version of 2G services is 2.5G. This new one offers data transfer at higher speed. These services gave way to 3G services. This 3G technology comes with wireless telecom services like CDMA2000, UMTS, GSM EDGE, WiMAX, DECT etc. These new mobile standards support data transfers up to 14Mbits per second while downloading. The security of data transfers is higher in 3G when compared to earlier 2G technology. 3G services come with user authentication facilities while connecting to any network. This guarantees high security to all the transactions done of that specific telecom network (Grosche Knospe n.d.).. GSM is the most used media for carrying out mobile commerce transactions. The data transfer and sharing services offered on GSM networks are, SMS (Short Messaging Service) for sending short messages having maximum 160 characters on the network media, WAP (Wireless Application Protocol) to access internet APIs designed in WML (Wireless Mark-up Language), HSCSD (High Speed Circuit Switched Data) tool of channel clustering for high data transfer rates and GPRS (General Packet Radio Service) actually, this is an extension of GSM services. Fundamental architecture of GSM network generally contains GPRS, Intelligent Network(IN) and SMS services. UTMS (Universal Mobile Telecommunication System) is a modern telecommunication system offered by 3G services. This is largely an extension of existing GSM. It has WCDMA (Wireband Code Division Multiple Access) radio channel signaling technology (Grosche Knospe n.d.). WLAN (Wireless LAN) works in 2.4 GHz 5 GHz spectrum. Normally WLANs are low in data security. IEEE stipulated WEP (Wired Equivalent Privacy) to provide some security to transactions done on WLANs. 5. Security at various levels of mobile transactions: 5.1. Safety in data transport channels: The technologies like GSM, GPRS, WLAN, UTMS provide considerable security to all deals transacted on wireless networks. But they cannot handle the safety constraints, when the commercial transactions involve multiple access networks. To ensure end to end security in such cases that communicate over Internet Protocol, SSL/TLS is widely used. SSL works with TCP (Transmission Control Protocol). Another transport layer security protocol designed and used for this purpose is WTLS with WAP services (Grosche Knospe n.d.). 5.2. Safety of network services: To make m-commerce transactions more secure, Intelligent Network (IN) concept in GSM networks is introduced. This GSM framework contains IN logic i.e. CAMEL (Cuatomized Application for Mobile Enhanced network Logic). IN handles all the m-commerce conversations. These services can also be used with SMS systems. Other technologies for secure services are, Parlay / OSA (Open Service Access) and USSD (Unstructured Supplementary Service Data) (Grosche Knospe n.d.). 6. Security models presently in use: GSM (Global System for Mobile Communication) is the widely used mobile security standard in European countries. According to Zobol (2001), Europe has the highest mobile penetration and the European Commission is presently implementing 15 new projects that operate mobile telecommunication networks. These projects are using WAP, GPRS, UTMS technologies. For ensuring high security of mobile transactions, they are using NESSIE encryption and E-PASTA environment. Further, 4G an ultra speed broadband is also under implementation. 7. m-Payments: The commercial transactions concluded on mobile wireless networks do involve money payment. The concept of m-payments related to payment of charges for services or the price of goods sold or purchased over mobile wireless telecommunication networks. Significant advantageous aspects of m-payments are, less time consumed, no need to carry physical money and remote operability of accounts safely. There are different variants of m-payment systems like, pre paid payment systems, pay now payment systems and post payment systems. There are various agreed limits of money transactions that can be done on mobile networks. In Europe micro, small and macro payments are in vogue form 1euro to more than 10 euros. In India the monetary transactions up to Rs.50000 can be done (Rediff.com, 2010). The level of safety such mobile transactions need varies based on the money involved and the items that are traded in that transaction. But in each of such case anonymity of customer has to be protected safely. Mandatory and common requirements of mobile transactions are authenticity, reliability, confidentiality, authorization and integrity. Further the response time has to be reduced to minimum. And, conformity to ACID (Atomicity, Consistency, Isolation and Durability) principle for all deals involving monetary payment. Depending on the sources of money from where customers make payment over mobile networks, various m-payment systems presently available are: Software electronic coins, Hardware electronic coins, Background amount (Grosche Knospe n.d.). 8. Examples of m-commerce security solutions: Irrespective of the mode of payments made on mobile phones, there are various standardization bodies that deal with mobile commerce transactions. Some of them are, MoSign, Mobile Payment Forum, mSign etc. Another famous data security standard related to m-commerce is PCI DSS (Payment Card Industry Data Security Standard) (TechTarget, 2010). Visa International has recently developed Mobile 3D. It is a global security specification standard system that makes money transactions made by mobile phones and on internet more secure and safe (CellularOnline, n.d.). Finacle m-commerce solution developed by Infosys has many good security features like, generation of One time Password (OTP), USSD application, strong inclusivity framework and ability to register multiple bank accounts to a single mobile (Infosys, 2010). 9. Conclusion: Security of transactions concluded on mobile telecommunication networks is of fundamental necessity for the very concept of m-commerce. This assignment attempted to through light on every important aspect related to mobile commerce. The technologies discussed in this paper do need further improvement to cope up with the increasing threats to data and money transfer over internet and on wireless networks. Growing fraudulent intrusions on mobile information systems and individual gadgets make up a persistent need to continuously refine existing solutions and design new ones that can better resist attacks on transaction security over wireless media.

Victor Marie Hugo and the Romantic Era Essay -- French Literature

Victor Marie Hugo and the Romantic Era Victor Marie Hugo and the literature that changed France, if not the world " His novels have a purpose: historical, moral, social or all at once. &9;Their insistent vibrating style, and the frequent intrusion of the author's inflections may awaken a sense of strain; but they have kept their hold on others than school boys; and the grotesque, swarming, medieval crowds surging the huge cathedral (Notre Dame de Paris), the symbolic fight between man and the sea (Les Travialleurs de Mer). The epic allegories of vice, suffering and regeneration in the background of modern society of it's cruelty and indifference it has secured themselves a place among the French books that live" (Cazamian, 1964). At the age of twenty-five Victor Hugo published his play Cromwell which, though never preformed, changed the course of literature. The preface especially was viewed by the budding romantic movement as the manifesto for the new school. The principles he expounded there established him as the uncontested leader of the movement. Hugo’s early works would define the tone, subjects and style of the period. He discarded the rules of the classic period with its continuity of time, place and action, it restrictive superfluous vocabulary and the limit of a twenty-four hour time period for drama. He established the legitimacy of addressing the strange, the fantastic and the grotesque. Hugo led literature back to nature declaring that the "Poet should have only one model, nature; only one guide, truth." He compared the classical literature to the royal park at Versailles maintaining that it was artificial literature much like the "well leveled, well pruned, well raked, well sanded" ground s of the great la... ...omantic movement cannot be overstated, he was its greatest master. Likewise Hugo’s importance to the French consciousness of his era cannot be exaggerated, the man, the work and the creativity defined an era. Unlike his idle critics Hugo took his destiny as well as his country’s in his sturdy hands and made the best of both. His mistakes were made with good intention, and his successes have stood the test of time. Works Cited Cazamian, L. (1964). A History of French Literature. Clarendon, England: Oxford &9;University Press. Gardner, H. (1993). Creating Minds. New York City: Basic Books. Grant, E. M. (1945). The Career of Victor Hugo. London, England: Oxford University Press. Harris, R. W. (1969). Romanticism and the Social Order. Great Britain: Barnes and Noble. Houston, J. P. (1988). Victor Hugo Revised Ed. Boston Mass.: Twayne Publishers.

Person Essay On Charles :: essays research papers

Person Essay on Charles As a handsome 5' 10" male with dark hair spiked in the front, and the most engaging smile approached my desk , I knew I would be laughing shortly. Charles walked up to my desk in Human Biology while we were dissecting eyeballs and commented on my eyeball. "You seem to have a better eyeball than I do." Many people wouldn't have taken this situation so lightly but because of Charles's sense of humor being around him was guaranteed to be fun. With his feigned itching disease, his crazy antics, or his practical jokes my friend Charles's sense of humor has taught me not to take life so seriously and have fun anywhere and everywhere. I first met Charles at Dans, a mutual friends, party, where he told me he had an I itching disease. He was drinking beer and I had cranberry juice with vodka, and since we drove we had to spend the night. So around 3:30am we got tired and went to lie down. As soon as we laid down Charles asked if he could take his shirt off and if I would scratch his back. I told him sure. So he did and that's when he told me he had an itching disease and I wouldn't be able to stop scratching his back until it stopped itching him. Well, with a little alcohol in me I believed him. I laid there for 2 Â ½ hours before I realized he had fallen asleep and went to sleep myself. On Monday on school I saw Charles and asked him how his itching disease was. He just looked at me grinned and chuckled. That's when I realized he had pulled a fast one on me. It didn't take me long to realize that Charles had some crazy antics up his sleeve. At another party Charles, Lisa , Dan and I sat in a room talking. Lisa and Dan were drinking and were drunk. Charles and I were not. Dan started flipping out by yelling and screaming that the radio, which was on 2 at the most, was to loud. Charles knew that Dan was drunk and decided to play with his head. So Charles whispered into my ear that I should tell him I turned it down. So I did and Dan was ok with it. Charles and I were laughing hysterically because it was so much fun playing with these drunk friends. Charles didn't care what other people thought about him as long as he made people laugh. At a chorus concert one night our friend Lisa brought in her

English for Business

This course is designed to develop the student's ability to communicate through listening, speaking, reading and writing in English. It is our goal to: Sensitizes the student to the diverse nature of cultures; Enable the students to make connections with other areas of study; Prepare students to participate In local and global communities.In this way, we fulfill the school's mission and goals to encourage our students to become responsible and contributing members and leaders of their various communities. I believe that learning more than one language opens doors to new ways of thinking and doing, comparing and contrasting, and perceiving and communicating. Through these processes, students will learn more about themselves, their own language, communicating and making decisions. Not only Is language learning enjoyable and valuable In Itself, It has also become increasingly Important In a global community.Knowing another language helps us understand and assess world events because it rings us closer to the people and cultures of that language. The knowledge of a language other than Spanish is an essential career asset. Through cultural awareness, our students will develop a greater acceptance of others. The mall objective of the class Is to train International students with a global perspective. Who are able to add value In complex International transactions by means of providing top-quality services with an awareness of business issues and the highest standards of professional ethics.Socio Cultural Forces 2. Ethics in Business 3. Human Resource Management 4. Communication in Negotiation 5. Organizational Leadership 6. Strategic Planning, Organizational Design, and control in International Business. Come to class on time. If you are late you will not be allowed to come In. 2. After the 8th absence you will automatically fail the course, with no exceptions 3. Attend to personal needs before coming to class.

Human Nature By Mark Twain

Conformity is defined by Zimbardo (1992) as, ‘A tendency for people to adopt behavior, values and attitudes of other members of a reference group.' Mann (1969) identified the two major types of conformity: normative conformity and informational conformity. Normative conformity is caused by a desire to be liked. People conform because they think that other members of their reference group will like and accept them. They also want to avoid embarrassment and humiliation from other group members. It is a desire to be right that forms the basis of informational conformity; people conform because they look to others whom they believe to be correct to give them information. Humanity is questioned by acknowledging that self-approval comes from making your thoughts conform to the majority's belief system. Mark Twain has always been a keen observer of human nature. For example, according to his article â€Å"Corn-Pone Opinions† he wrote about those people who he was surrounded with in his everyday life. Mark Twain's idea that group thinking is inevitable is mirrored. Mark Twain, considered the â€Å"father of American literature†, attempts to define â€Å"Corn-Pone† and prove that it is based on the need for approval by other men of similar mindsets. In the opening, Twain writes about the positive qualities of his friend whom he is listening to without the permission of his mother. Another clear example of how he knows his mother has a reason for not allowing him to listen, based on her conforming to society's belief against black men being equal to white. However, before he finishes he leaves the reader with the knowledge that the friend is in fact a slave. Thus Twain's, Corn-pone Opinions, immediately shows that he too has fallen under the spell of public opinion. Otherwise why would Twain even mention that the friend is a slave. He is saying it is only human nature to believe what others believe and in this case it is the inferiority of the black man. I agree with Twain, he invites the reader to become aware that our opinions are strictly influenced by the actions of others and the acceptance of our peers. Slavery is a perfect example of an accepted belief, â€Å"changes are not reasoned out; we merely notice and conform†¦ As a rule we do not think, we only imitate†. This implies that slavery, itself, was a shared belief that quietly became the norm and thus accepted. Here, Twain was clearly stating he was a supporter of the abolition of slavery.In the short essay, The Corn-Pone Opinions, published after Mark Twain's death in 1910, the great humorist, presents the notion that society's beliefs are affected by social pressures to conform to an agreed upon norm. Basically, people have a natural tendency to conform and be similar to those around them. When a new idea or fad comes along it is first seen as odd and unflattering. As more and more attempt to imitate the new fad or idea it becomes accepted. The new idea or fad is only acceptable because all the others are doing it, â€Å"Even the woman who refuses from first to last to wear the hoop skirt comes under the law and is its slave; she could not wear the skirt and have her own approval; and that she must have, she cannot help herself. † Thus public opinion is based on nothing more that man's acceptance of other's thoughts. However, Twain is not preaching and presents the case through clear examples filled with extensive details and descriptions such as, â€Å"He was a gay and impudent and satirical and delightful young black man†. Similarly, Henry David Thoreau's, Life Without Principles, concludes that man has accepted and conformed to society's opinion and norm of working for wages. His essay includes several examples of how the everyday man is being turned into a slave by the need to work for wages and not live life based on love of life. His arguments are told through a series of stories. Each story illustrates the notion that wisdom and loving life itself are far more valuable than the â€Å"wages† they work so hard for every day. â€Å"To have done anything by which you earned money merely is to have been truly idle or worse. If the laborer gets no more than the wages which his employer pays him, he is cheated, he cheats himself†, beautifully displays Thoreau's belief that being able to enjoy poetry or merely go for a walk in the woods alone, holds much greater satisfaction for the everyday man. Man must be able to see beyond the need to make a living by merely working for a paycheck. The evolution of, Life Without Principles, came out of lectures given in 1854. It was through those lectures that you see Thoreau's philosophy aligning with Transcendentalism. Thoreau is begging man to follow his heart's desire, in order to have a fulfilling and worthwhile life. Henry David Thoreau is stating that the corporeal things around us are beneath the spiritual ideals that perpetuate the universe. Mankind should be more concerned with living life, rather than making a living in order to survive life. Thoreau writes about doing a fulfilling job, one that you can be personally invested in and not just collect a paycheck from its' completion. The fact that the essay was written in 1863 and published posthumously, is hard to believe as it clearly replicates the present day workaholic syndrome so prevalent in our society. It's very similar in fact to the â€Å"rat race of business†. Life is a series of business deals and one is always in search of the almighty dollar as a reward for a good job. For example Thoreau writes, â€Å"This world is a place of business. What an infinite bustle! I am awaked almost every night by the panting of the locomotive. It interrupts my dreams. There is no Sabbath. It would be glorious to see mankind at leisure for once. It is nothing but work, work, work†. Thoreau also attempts to illustrate that you should only work at something you truly love. In fact, hiring someone who does not love his job is also a no-no. Thus, what is it that you can do to discover your passion and calling, meanwhile inspiring others to do the same? The wealth of knowledge is way more valuable if you are working and enjoying what you do on a daily basis. So you can see that both Twain and Thoreau are critics of basic American belief systems. Twain is arguing that there is no such thing as an original opinion about anything. Thoreau argues, that there has never been a time when man wasn't forced to believe in some kind of conformity, such as you must earn a wage by working. The writers' had similar writing styles and used vivid descriptions to illustrate their points. In addition, both Thoreau and Twain were great observers of man and the world around him. Thoreau seems to be more concerned with separating himself from mankind in search of the meaning of life. Twain seems to want to focus on man and the uncanny ability to follow the leader. Either way, both Corn-Pone Opinions and Life without Principle, make you want to question the why in life.