BillDesk, a property of IndiaIdeas.com Ltd. was conceived in early 2000 to solve the frustrations of most of us when it comes to paying bills. We have created BillDesk to help consumers like us leverage on the potential of electronic medium to better organise and manage our payments, while escaping some of the pitfalls of traditional bill payment services. At India Ideas we believe that the Internet is a powerful medium that will very soon graduate from being an engaging pastime to an indispensable and ubiquitous home tool, bringing with it, for consumers like us enormous benefits and convenience.
Take, for example, the monthly chore of paying bills - starting right from receiving them, sorting them, remembering to pay them on time, writing out the cheques, standing in queues and paying them, storing the receipts and finally toting up the amounts to figure just how much of our salary has been spent. And well, do we know if all your bills have been received and paid? Or are we running up late payment charges, penalties, or possible discontinuation of facilities?
BillDesk was
The local DSAs and the brokers are facing threats by the online DSAs because of the value and the intelligent services these E- brokers provide to the customers. Banks and the NBFCs have also played a smart move, and they are getting into a tie-up with these e-brokers to expand their customer base and gain more on client acquisition. Banks have recorded the E- trading business and have sourced the e-traders so that the customer can buy or sell the stocks online and can also pay via the net. For example, ICICI has its trading podium icicidirect.com and HDFC have its platform called hdfcsec.com with features to integrate the Trading, Banking and Demat accounts of the customers and provide them a single solution to Internet
The threat of online competitors is also present to every discount broker that has not switched to online trading or chooses to remain with their current business model and not offer online services. These online trading sites have unique trading capabilities that otherwise are not present at Edward Jones. They offer sound advice on stocks and other investments instantly. Each customer has to call their Edward Jones advisor in order to place a trade. This makes sense to Edward Jones because they want to help prevent the rash decisio...
Stock Exchange is the fundamental stage that gives the facilities used to trade the company stocks and other mutual funds or bond which is related to company. Either you can buy or sell the stock only when it is listed on an exchange. India's top stock exchanges are the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). That is the place where the stock buyers and sellers can meet.
The industry of securities brokerage (or named stockbroker) may be divided into three categories: the multinational financial giants, the traditional adviser-based stockbrokers and the internet-based stockbrokers.
A new day on Wall Street. The Internet is changing the way the brokerage industry does business. Today more and more investors are electing to trade via the Internet and avoid contact with a broker all together. Are the days of the large full service broker over or will there be a compromise between full service and self-direction? Has the rapid advancement in information technology helped the brokerage industry or hurt it? What role will IT have on the future of trading? Just a few years ago all trades were done by calling a brokerage and talking to a broker who usually tried to push some hot stock and charged you a large sum to purchase the shares you wanted. The 70’s gave way to a new era of discount brokers. The discount brokers provided the means to make trades at a significantly lower cost but at the expense of less informative and directed services. These discount firms utilized new computer technologies to process trades and opened up investment opportunities for many that would not have previously considered purchasing securities. With improved IT capabilities and the introduction of the Internet the discount brokers were able to open the door even further by reducing trading costs and developing user friendly platforms for investors. The Brokerage industry is one driven by quality customer service and high profits. Investors want to maximize there investments at a reduced cost but still receive the highest level of service and information available. In the past investors were restricted by the amount of control they had over their investments, brokers made recommendation, pushes, and did the actual purchasing. Today with the addition of the PC and online capabilities investors can choose what, where and when they invest. By utilizing online resources investors can perform the research and analysis that was once primarily done by brokers. This new technology is having a dramatic effect on the way brokerages operate. The once small discount brokers are utilizing the Internet to take over a whole new market segment and the larger full service brokerage companies are rallying to add online services. This paper will explore these effects and how the industry is responding as well as address the questions raised in the opening. Selling securities via the Internet is easy and fast. Brokerage firms are offering their services on the Internet and this is reshaping the industry.
Stock exchanging would work without intermediaries. At the end of the day, it would enable distributed execution. This would expand effectiveness of exchanging and would make it immediate. The general data administration can profit by this decentralized and distributed network on the grounds that it would permit the immediate administration of personal online
In 1999, there were around 6000 telecommunications providers in the United States. Only 45 companies accounted for approximately 95% of the dollar value of the telecommunications service provider. Surveys revealed that many companies were dissatisfied with the providers billing practices. Many errors were being found that led to lost revenue and costly charges to the company. Telecommunications spending was forecasted to grow to 175 billion in the year 2000 and continue to expand to 350 million by 2005. With this outlook of potential revenue in this workspace, Teletron sees an opportunity in the area of providing services to handle billings of telecommunications services. This is what Teletron did throughout the early 1990's. Teletron targeted customers in the United States that spent between 10,000 and 500,000 per month on telecommunications services. They made money by charging the company 50% of the saving that they were credited back. They did not charge the company money if there was no discrepancy found in...
The industry is composed by a continuum of banks which produce a homogenous product — banking service. Domestic as well as foreign competition is violent. Not to forget the fact that ICBC has not been the first bank to embrace internet banking. So, it is all the more reason which places the bank in the most precarious position to continuously shield it self from the volleying competition.
Introduction PayPal, Inc (PayPal) provides online payment solutions to individuals and businesses worldwide. It allows credit cards and bank accounts money transfers and payments to be made through the internet (Niranjanamurthy, 2014). Established in 1998, PayPal has since moved $282 billion in payment volume in more than 26 currencies across 203 nations in 2015 alone, generating a total revenue of $9.24 billion (PayPal About - Home, n.d.). PayPal’s Value - “At PayPal, we put people at the center of everything we do.” PayPal focuses a lot on its consumers by making their services convenient and flexible for them when dealing with payments.
Indian banking and financial services industry is strong and robust among the world economies. Over the previous years, financial markets have witnessed a significant deepening and broadening of services with the introduction of new instruments and products in banking, capital markets space and insurance.
s and to give the organisation a sounder footing should the market become more competitive in the near future. Possible drawbacks with such an online service would be security threats to accounts held by online customers. Also the broader issue of an anti-competitive industry may withhold such an expansion by one of the market leaders. 5. Bibliography 1.
Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy application. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunication, travel, stock market, shipping even around our daily lives. E-commerce a system by which people can buy, sell and deal without even seeing the person on the other side has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking. The Internet, a boon to all business, is playing a part of a catalyst; it links millions of customers to its suppliers and vice versa due to this, manufactures are able to cut the role of middlemen and are able to deal with the customers, giving them the ability for direct input from the customers about their choices and views of their product. The busi...
payment. PayPal is also available to people in 38 countries. This paper starts with introduction to the company and its services. The
Digital money is undeniably convenient; anyone who has used a credit or debit card understands this. However, the era of digital money is only beginning; rapid technological advances will continue to make paper money a remnant of the past. Several innovations are already lessening the burden in your wallet. For instance, the seemingly innocuous mobile phone is actually playing an increasing role in facilitating monetary transactions, especially in Asia. Already, in Japan, large companies such as Coca-Cola have sanctioned vending machines that are not only compatible with common cell phones but also allow consumers to earn credits for using them (Kupetz). In this regard, the United States is strikingly behind the times when compared to other countries. Another new technology in the vein of mobile phones is no-contact cards. These innovative cards do not require a cashier to conduct a transaction; one simply holds a specia...
Days, months, and years go by and we do not notice them. Living in such a busy world, we are not always aware of the changes in our lives. Twenty years ago, if someone was told we would be able to buy groceries, pay our bills, buy stocks or even a car through the use of a computer, we might have laughed and blamed too much science fiction television for such wild accusations. However, as the next generation of children grows up, they may find it funny that people still send letters to each other through the post office. The development of the Internet has given us the ability to communicate and exchange information instantly across vast distances. The Internet has caused a huge impact in the communication field, and has made our way of living and working a lot easier, faster, and cheaper than before.
From the evidence, it appears that there is a change in the way people earn a living these days in the West, and that the workforce is increasingly using ICT rather than engaging in manual work. Perhaps this is the start of a new information society.