Management Change
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I am working on an assignment for my Information Systems in Accounting and Finance degree, and I got some problems that I really need help on.
Below are my problems:
What are the advantages and disadvantages of introducing a new range of payment technologies to an organisations? And what are the concerns for the management board?
What are the main stages that would be involved in successfully introducing new payment technologies into the company's revenue cycle?
And what will be the problems that may be faced by the systems development team in introducing such new technologies?
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Management Change
I am working on an assignment for my Information Systems in Accounting and Finance degree, and I got some problems that I really need help on.
Below are my problems:
What are the advantages and disadvantages of introducing a new range of payment technologies to an organizations? And what are the concerns for the management board?
There some advantages in introducing a new range of payment technologies to an organization. These are advantages that pay by touch has been using the biometric system to enable companies to make payments. The payment can be made with a swipe of a finger. Further, there are contact less systems that charge items to accounts by waving a card or a device near a reader. Further, there are technologies that enable making of payments by sending and receiving text messages from a cell phone. The main advantages of the new payment technologies is the ease of making payment, the speed at which payments can be made, the methods have become well tested, and have stood the test of security. In short these payments are secure.
The disadvantages of the new range of payment technologies to an organization are that there is a danger of identity theft. Strong security steps like firewall protection and virus protection are necessary. and the server of the company should be security. Other disadvantages are that smart cards may be lost and this can cause expenditure of the entire bank account. The other disadvantage is that that the keys that are used ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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