ANTHONY BARBIERI, ANDREA KO, SAMANTHA HOUGHTON, CAROLINA SALCEDO, CHRISTINE SINGH Curves Clarkson.

Slides:

Advertisements

Similar presentations

TYPES OF BANK ACCOUNTS.

Advertisements

A business makes payments for what it buys, In return it receives payments for goods it sells or services it provides.

Lauren Bonilla Entech Rental Management Software Navigate 08: Charting Your Course for the Future Bank Reconciliation.

Chit Fund Company Flowchart.

SARA REGIONAL Auxiliary package of SARA EDF to ease the capture on regional offices of a Project Estimate.

Continuing Education Registrations Automated!. Presentation Outline History – Where We Were (Michael) Present – Where We Are Now (Dave) Present – What.

1.7.6.G1 © Family Economics & Financial Education –March 2008 – Financial Institutions – Online Banking – Slide 1 Funded by a grant from Take Charge America,

Where to Stash Your Cash

The Billing /Accounts Receivable / Cash Receipts (B/AR/CR) Process Pertemuan 12 – Matakuliah: F0204 / Sistem Akuntansi Tahun: 2007.

is a customized integrated application system designed specifically for RTU to automate the school’s diverse operations. It is divided into different.

CEL: Computers in Banking and Retail

1.7.2.G1 © Family Economics & Financial Education – Revised February 2008 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take.

SWE 214 (071) Use Case Diagrams Slide 1 Use Case Diagrams Examples.

ICT at Work Banking and Finance.

There are many different ways of making and receiving payments. MAKING A PAYMENT Cash Cheque Credit cards Debit cards Direct debit Credit transfers.

Prepare a deposit slip Record entries in a check register

1.7.6.G1 © Family Economics & Financial Education –March 2008 – Financial Institutions – Online Banking Funded by a grant from Take Charge America, Inc.

BATCH TRANSACTION PROCESSING Option 1: Transaction Processing Systems.

Part 2: Computers used in Banking

E-Banking is the use of electronic means to conduct banking business, such as telephone, Internet, cell phone, or other device by way of secure internet.

Teens lesson six banking services. compare checking accounts location branch offices; hours of operation; availability of ATMs fees monthly fees; per.

INTERNET BANKING SERVICES IN PAKISTAN BANKING SECTOR Presented by Kamran Alam MAF University of Lahore.

Virtual Terminal Point-Of-Sale Check Processing American Payment E x change.

Become an ePay Program Payments Expert!

Financial Literacy Vocabulary Terms How is money used in society? How do I pay for goods and services? How do I keep track of my saving and spending? 1.

Electronic Payment Systems

The difference between a Credit and Debit Card Debit card: Give you access to your funds immediately Credit card: You use money you don’t have but are.

What is E-commerce Safety Precautions Password Strengths

 More than ___% of teens have a savings account.  ___% of teens age have a checking account. ___% of those ages have one.  Likewise, ___%

Allow for online payment – deposited to Moneris account Front End Connect Application to Sign into, view information, and based on that make payment online.

Before and After: Looking at the Changes in Business Processes.

Save Money, Forget Printing Anything - Go Paperless!

Bank On It 1. 2 Purpose Bank On It : Is an overview of banking services. Will help you build a positive relationship with banks, thrifts, and credit unions.

Read to Learn Discuss the different types of checking accounts and how they work. Discuss other services and offerings that banks provide checking account.

Procurement Card Process and Data Recovery Joanne Des Roche, CA Manager, Accounts Payable June

The Complete Church Database Solution!. Features and Benefits Web-based = no software AND no more upgrades! Disaster Recovery! We perform multiple daily.

Chapter 6- Source Documents. Source Document (p. 165)  Is a business paper that shows the nature of a transaction.

Safeguarding Your Privacy Section 1.3. Safeguarding Your Privacy 1. What is Identity Theft? 2. Research a story on identity theft and be prepared to report.

Welcome To Business Summary DiveIn Incorporated is a small company that specializes in the sales of swimming pools supplies to homeowners by mail order.

Chapter 3, Section 3 ELECTRONIC BANKING.

Basic Bank Services Bank account Bank deposits and cheques Electronic funds transfer Bank credit card transactions Debit card transactions 1 © 2013 McGraw-Hill.

Business Administration term project 2 (25%) financial Management Systems Debit card and credit card payments By Ashleigh Gray.

SFWR ENG 3KO4 Software Development Fall 2009 Instructor: Dr. Kamran Sartipi Software Requirement Specification (SRS) for the Automated Banking Machine.

Banking Math 10 Essentials. Banking Transactions A bank is an financial institution which deals with cash, domestic and foreign, receives and stores deposits.

Payment Systems Unit 34: E-commerce M2 - Compare two different payment systems used in e-commerce systems.

Cuallet step by step guide. Step 1 From the Cuallet home page, click the “Sign Up Now” button. New user / Register.

Checking Account. Key Terms Check Online and smartphone banking Deposit/credit Automated Teller Machines (ATMs) Debit Overdrawn Balance/reconcile Overdraft.

Types of transactions. What is it? An electronic payment is any kind of non-cash payment that doesn't involve a paper check. Methods include credit cars,

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.

How does it work? Explain the process... Is a subset of an e-commerce transaction to include electronic payment for buying and selling goods or services.

The Language of Banking Chapter 1 Unit 2. The Language of Banking This unit will be covering the most common banking terms and their definitions. The.

Checking & Savings Accounts Economics What is a Checking Account?  Common financial service used by many consumers (a place to keep money)  Funds.

The Causeway Company uses the following procedures to process the cash received from credit sales. The mailroom receives checks and remittance advices.

Chit Fund Company Flowchart. Chit Fund Mainly Consists of 3 Parts 1. Main Branch 2. Sub Branch 3. Customer Details.

Jamaica Customs eCommerce Designed & Developed By Fiscal Services Limited Presentation.

More bankingChecks, etc. Check types ServicesMisc. Banking Banking Services Game.

Checking account – An account held at a bank, credit union, or other financial institution in which account owners deposit funds. Account owners have the.

Payment Options Water/Sewer Bills City of Fernley | October 2007.

Automated Fund Transfer System AUTOMATED FUND TRANSFER SYSTEM (AFTS) FOR PEMC PARTICIPANTS.

Take Charge of your Finances

By: Nick Doyle Aaron Haas Devin Johnson

Take Charge of your Finances

Payment Methods and Bank Reconciliation

Chapter 6- Source Documents

Membership/Post Processing - Process Membership

The Causeway Company uses the following procedures to process the cash received from credit sales. The mailroom receives checks and remittance advices.

The Causeway Company uses the following procedures to process the cash received from credit sales. The mailroom receives checks and remittance advices.

Take Charge of your Finances

Uses of Telecommunications & ICT

Presentation transcript:

ANTHONY BARBIERI, ANDREA KO, SAMANTHA HOUGHTON, CAROLINA SALCEDO, CHRISTINE SINGH Curves Clarkson

Keywords Name of organization: Curves Clarkson Nature of business: Women’s Fitness Club and Weight Management Program Sector: Health and Fitness Business process description: Membership credit card payment system

Company Background Women’s only fitness club. Gary & Diane Heavin are the founders. Largest fitness franchise with 10,000 locations. Clubs in 600 countries. Focus is on Curves Clarkson.  Over 600 members

Current Payment System Electronic Funds Transfer – Void Cheque.  Payments are withdrawn from member’s bank account once a month automatically. Post-dated Cheques – 12 (1 for each month).  Franchise owner manually deposits cheque once a month in Curves bank account. Credit card.  Member provides credit card. Worker manually processes credit card using Moneris Terminal once a month.

Credit Card Processing System The focus of our analysis will be on the credit card system. Currently inefficient, redundant, allows for human error. Workers are required to manually process credit cards on a daily basis.

Current Situation

Current Situation Process Descriptions 1.0 Fill in Forms 2.0 Validate Information on Forms 3.0 Creates Cue Card 4.0 Worker Collects Payment Information from Black Box 5.0 Worker Processes Payment 6.0 Worker Creates Daily Report 7.0 Worker Creates Monthly Report 8.0 Send Monthly Report to Head Office

Current Situation Process Descriptions 1.0 Fill in Forms 2.0 Validate Information on Forms 3.0 Creates Cue Card 4.0 Worker Collects Payment Information from Black Box 5.0 Worker Processes Payment 6.0 Worker Creates Daily Report 7.0 Worker Creates Monthly Report 8.0 Send Monthly Report to Head Office

Problems to be solved Human error. Timely process that must be completely each morning. Member’s do not currently have access to their transaction information and receive no receipts.

Recommendations Introduce Staff Computer database.  Removes all other redundant data stores.  Reports. Introduce a Server that stores member transaction information.  Allows members to view their transaction history securely online.

Recommendations Connect Staff Computer database to the Internet.  Allows for automated credit card processing.

To-Be Situation

To-Be Situation Process Descriptions 1.0 Enters Information 2.0 Validates information 3.0 Process Monthly Payments 4.0 Request Transaction History Online 5.0 Receives entry 6.0 Generate & Print reports 7.0 Retrieve Reports 8.0 Close franchise/Continue Funding

To-Be Situation Process Descriptions 1.0 Enters Information 2.0 Validates information 3.0 Process Monthly Payments 4.0 Request Transaction History Online 5.0 Receives entry 6.0 Generate & Print reports 7.0 Retrieve Reports 8.0 Close franchise/Continue Funding

Obstacles Resistance to change  Franchise owner Employee Training  Take away from their daily activities.

Obstacles Interfering with daily processes  Training would interfere with customer relations Customers feeling of security  Fear of fraud and identity theft.

Cost Savings Amount saved per month: $52.61 – printer ink. $ computer paper. $17.23 – Moneris receipt paper. $20.54 – Cue cards. $25.02 – Stapler and staples. $ per month $2, per year.

Spending on new process Server - $ Web master – contracted - $33 per hour

Overall Savings exceed costs associated the new system.

Conclusion Member satisfaction increased.  Less error with credit card processing.  Worker is able to spend more time attending to members rather than manually processing payments.  Members will enjoy having access to their information.