The Rate At Walmart s Checkout Points Use Payment Cards...

Use of payment cards at stores. For my ethnography project, I chose to study and compare the rate at which shoppers at Walmart’s checkout points use payment cards to cash. For the purpose of this paper, I will refer to the people as shoppers, and medium of exchange to represent payment cards and cash. The main focus of this ethnography is to compare two media of exchange at checkout points. (Wicksell [1906] 1967, p. 17) defined a means of payment, as â€Å"an object used to pay for purchases and settle debts, and a general means of payment, which is an object that can always be used to pay for any purchase or settle any debt†. How fast is it to check out when payment cards are used compared to when cash is used at checkout points? Although the medium of exchange is the main focus of the ethnography; type of checkout and gender roles also play very important roles when using or choosing a medium of exchange. Advantages of using payment cards †¢ It’s convenient to use in a wide variety of places – in stores, on the phone or online. †¢ You can better manage your budget using your monthly statement with the details of all of your purchases. †¢ It is safer than carrying a lot of cash. †¢ You can use it as either debit or credit cards. †¢ When used, you may not be debited immediately, payments can be made in instalments depending on the bank. †¢ You are not responsible for charges if your card is stolen as long as you report it immediately. †¢ You can build your credit history. †¢ You canShow MoreRelatedElectronic Forms Of Payment Cards1742 Words   |  7 PagesPAYMENT CARDS INTRODUCTION Payments system all over the world has experienced a period of dramatic change. Consumers, businesses, and government are moving away from paper checks and towards electronic forms of payment. Technological advances and competitive forces are fundamentally altering the payments landscape, with important implications for efficiency, safety, and access. A payment card is a device (embossed plastics) that enables its owner (the cardholder) to make a payment by electronicRead MoreOvercoming Shyness6824 Words   |  28 Pagescertain software programs that run the main functions of an e-commerce Web site, including product display, online ordering, and inventory management. The software resides on a commerce server and works in conjunction with online payment systems to process payments. Since these servers and data lines make up the backbone of the Internet, in a broad sense, e-commerce means doing business over interconnected networkstimes. Then, (Electronic-COMMERCE) selling products onlineRead MoreAnalysis Of Utterback And Abernathy s Life Cycle Model2762 Words   |  12 Pagesconsidered the entire system of contactless payments including both hardware and software and the electronic devices required for these types of transactions which include the NFC enabled mobile phone and payment terminal. Mobile device enabled contactless payment technology is still in its infancy with Google Wallet coming as the first major player in 2011 (Carter, Faulkner, 2014). Companies like Proxama ®, who creates systems that enable mobile contactless payment methods, are evidence that the technologyRead MoreSelf Service28523 Words   |  115 PagesELECTRONIC SELF-CHECKOUT SYSTEM VS CASHIER OPERATED SYSTEM: A PERFORMANCE BASED COMPARATIVE ANALYSIS by Gregory E. Opara-Nadi A Dissertation Presented in Partial Fulfillment Of the Requirements for the Degree Doctor of Philosophy Capella University May, 2005  ©Gregory Opara-Nadi, 2005 ELECTRONIC SELF-CHECKOUT SYSTEM VERSUS CASHIER OPERATED SYSTEM: A PERFORMANCE BASED COMPARATIVE ANALYSIS by Gregory E. Opara-Nadi has been approved May 2005 APPROVED: JIM MIRABELLA, D.B.A., Faculty MentorRead MoreMy First Child By Anne Smith Essay2398 Words   |  10 Pagesis 1990 and online shopping doesn t even exist yet. You get in your car and drive to your local specialized baby store. You are looking for a stroller that is durable yet one that can be easily stored away. You find a stroller you like but are hesitant in buying it because the price is a little much. You leave the store without purchasing the stroller and drive to the next store where you find a bit cheaper stroller, but you don t purchase it in hopes of finding a stroller that is a bit moreRead MoreTarget Strategic Audit Essay15491 Words   |  62 PagesCorporation’s performance in a detailed strategic audit. The audit includes an external, internal and strategic analysis as well as a recommended cou rse of action. The findings of the audit recommend a robust on-line/mobile presence to complement in-store sales, and to increase future earnings to remain competitive by building upon physical assets, brand value and logistical capabilities. The external analysis reveals that Target Corporation must address the threat of a growing online and mobile commerceRead MoreOnline Mobile, Laptop And Ipad Shopping6086 Words   |  25 Pages (Level 7) Supervisor: Saud Altaf Contents Introduction and problems statement 3 1.1 Case study: 3 1.2 Problem Statement: 4 1.3 Objectives: 5 1.3.1 Deals: 5 1.3.2 Authorized: 5 1.3.4 Payment: 5 1.3.5 Supply: 5 1.3.6 Archives: 5 1.4 FEASIBILITY STUDY: 6 1.4.1 Technical Feasibility: 6 1.4.2 Economic Feasibility: 6 1.4.3 Operational Feasibility: 6 1.5 Resource: 7 1.6 Online shopping: 7 1.6.1Types of online shopping – 7 1.6.2 Advantage ofRead MoreCrm in Supermarkets30832 Words   |  124 PagesEB 2003-02 February 2003 FOOD INDUSTRY MANAGEMENT CORNELL U N I V E R S I T Y Customer Relationship Marketing (CRM) in the U.S. Supermarket Industry: Current Status and Prospects Gerard F. Hawkes Senior Extension Associate Food Industry Management Program Department of Applied Economics and Management College of Agriculture and Life Sciences Cornell University, Ithaca, NY 14853-7801 Teaching †¢ Research †¢ Executive Education IT IS THE POLICY OF CORNELL UNIVERSITY actively to supportRead MoreWalmart In 200311485 Words   |  46 PagesJANUARY 30, 2004 PANKAJ GHEMAWAT STEPHEN BRADLEY KEN MARK Wal-Mart Stores in 2003 For the fiscal year ending January 31, 2003, Wal-Mart Stores, a retailer, posted net income of $8 billion on sales of $245 billion, up 21% and 12% respectively from the previous year. Wal-Mart had become the world’s largest company and, with 1.4 million employees, the world’s largest private employer. Twenty million shoppers visited its stores each day and 82% of U.S. households had made at least one purchaseRead MoreOnline Grocery Business10398 Words   |  42 PagesPUBLISHING 16#%%# Building an Online Grocery Business: The Case of asda.com Irene Yousept, University of Newcastle upon Tyne Business School, UK Feng Li, University of Newcastle upon Tyne Business School, UK EXECUTIVE SUMMARY This paper uses the case of ASDA.com, ASDA’s home-shopping arm, to demonstrate the challenges in building and developing an online grocery business in the UK. To set the stage, the initial implementation and learning from phone/catalogue home-shopping in ASDA is outlined