Payment Systems
In 2018, this U.S. government agency settled with Venmo regarding multiple allegations, including misrepresentation around consumer account protection and violations of the Safeguards Rule.
What is the FTC (Federal Trade Commission)?
This Seinfeld character pretended to be an architect and a marine biologist. In reality, he worked for the New York Yankees.
Who is George Costanza?
This visual map uses symbols and lines to represent the structure of a system, showing how devices like computers, servers, and routers are connected and communicate within an organization.
What is a Network Diagram?
This is the process by which plants and other organisms use sunlight to convert carbon dioxide and water into sugar and oxygen.
What is Photosynthesis?
The concept that transactions should be recorded when they actually occur, rather than when there are associated cash flows.
What is the accrual principle?
Launched in 2017, this P2P service's ownership includes Bank of America, Wells Fargo, and PNC Bank, to name a few.
What is Zelle?
This Everybody Loves Raymond mother once drove a car into her son's living room.
Who is Marie Barone?
This device is essential for connecting different networks, specifically directing data packets between your internal network and the internet.
What is a Router?
This effect is known for weather radar and is apparent in moving sources of sound.
What is the Doppler effect?
The concept of keeping business transactions separate from those of its owners.
What is the economic entity principle?
Jack Dorsey (of Twitter fame) also co-founded this shapely-company when his friend was unable to accept a credit card to complete a sale of glass faucets.
What is Square (aka Block)?
This Dunder Mifflin employee once fell asleep at work after eating a family-sized chicken pot pie and promised an entire class of third graders he would pay for their college if they graduated from high school.
Who is Michael Scott?
This device is where data is maintained, managed, and made available to other computers on a network.
What is a Server?
This is the layer of the earth closest to us. Some people don't eat it.
What is the crust?
The concept that any transaction that could impact the decision-making process of someone reading the company's financials should be recorded.
What is the materiality principle?
This now-defunct P2P payment service, and a division of Fiserv, differed from other services by transactions impacting users checking accounts directly.
What is Popmoney?
This peculiar scientist was a main character on two different sitcoms and eventually won a Nobel Prize in Physics.
Who is Sheldon Cooper?
This security appliance sits at the network boundary, inspecting all incoming and outgoing traffic and blocking anything that violates predefined rules.
What is a firewall?
In physics, this is equal to mass times acceleration. Hopefully it's with you.
What is force?
The concept that once an accounting method is adopted, it should continue to be used.
What is the consistency principle?
Started in 1998, you could, at first, could use this P2P service to pay your buddy by using the infrared ports on each other's Palm Pilots.
What is PayPal?
This public servant, criticized for his involvement with Ice Town, fixed an entire city’s finances while making accounting jokes, Claymation films, and board games.
Who is Ben Wyatt?
This is a separate, small network located between an organization's internal network and the outside world, often hosting public-facing servers like web servers.
What is a Demilitarized Zone (DMZ)?
Also commonly used to fill tires, this element makes up most of the air you're currently breathing.
What is nitrogen?
The concept that a business should report the results of its operations over a standard period of time.
What is the time period principle?