Question
On Friday June 19, 2020, the newspaper El Nuevo Da published the news GM Sectec and Visa educate about digital payments. The news discussed how
On Friday June 19, 2020, the newspaper El Nuevo Da published the news "GM Sectec and Visa educate about digital payments." The news discussed how the pandemic has required companies to adopt technologies for processing electronic payments. The idea is to reduce the use of dollars and cents as payment tools as this can increase the risk of contagion. However, in addition to reducing contagion, the decrease in the use of currencies as payment tools is also a mechanism to reduce the risk of loss of cash, the most liquid asset of companies.
Discuss reasons why electronic payment methods are considered a tool to decrease fraud and cash theft. Consider both whether the company issues payments through electronic methods and how customers pay the company through electronic methods. Discuss what other risks arise from the use of electronic methods.
On Friday June 19, 2020, the newspaper El Nuevo Da published the news "GM Sectec and Visa educate about digital payments." The news discussed how the pandemic has required companies to adopt technologies for processing electronic payments. The idea is to reduce the use of dollars and cents as payment tools as this can increase the risk of contagion. However, in addition to reducing contagion, the decrease in the use of currencies as payment tools is also a mechanism to reduce the risk of loss of cash, the most liquid asset of companies.
Discuss reasons why electronic payment methods are considered a tool to decrease fraud and cash theft. Consider both whether the company issues payments through electronic methods and how customers pay the company through electronic methods. Discuss what other risks arise from the use of electronic methods.
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