Payment methods + POS
What is a debit card?
Payment method when money is taken directly from your account
Definition of Fraud
Fraud is the intentional deception to secure unfair or unlawful gain.
What is a contract?
Contracts act as the legal boundaries that show the rules for buyers and sellers.
Sales + Marketing =
Profit
What is a credit card?
Payment method that lets customers borrow money and pay back later with added interest
How does trust affect a business?
More trust means better reputation, customer loyalty and higher profits
Terms & conditions vs NDA
Terms and Cond: show legal rules for transaction, broad
NDA: private, confidential, protection of private information
Name examples of P2P payment
Venmo, Paypal, Cash App, Zelle
What is one common type of fraud?
Could've said: Identity theft, pin theft loyalty program abuse, credit card fraud/skimming
Contracts act as _______ boundaries that show the rules for _______ and ________.
legal, buyers and sellers
Marketing sparks _______ , Sales close the ______
interest, deal
How does the quality of a POS system affect the business?
The better the POS system, customer retention increases as customers are happier with easier transactions
What places are skimming common?
Gas stations, ATM machines, restaurants
What is Intellectual property?
Why is using a CRM here efficient?
Narrows customer data and information = faster sales cycles