Describe with example the role of IS in collecting and processing customer data by Credit Card companies. Describe the reasons of processing these customer shopping details.
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the role of IS in collecting and processing customer data by Credit Card companies.
supposed a credit card processing colpany charged a 3.5% processing fee. you are selling an item for X write out an equation that will calculate what is the total amount that you should charge so that you will get excactly X amount of money after any processing fee is applied. For example, x=250, what should you charged the customer so that after the 3.5% proxessing fee is applied you will have excactly 250.00 write out an equation so that it...
Collecting Credit Card Debt A bank offers a credit card that can be used in various locations. The bank’s analysts believe that the percentage P of accounts receivable collected by t months after credit is issued increases at a decreasing rate. Historical data suggest the following function: The average credit issued in any one month is $125 million, and historical experience suggests that for new credit issued in any month, collection efforts cost $1 million per month. Determine the...
credit card processing project
Should cash customer be charged the same price as credit card customers when credit card customer cost the retailer more?
8. A company sells $10,000 of goods to a customer who pays with a credit card. The Credit Card company charges a 2.5% service charge. No cash is received. Record the sale of goods.
What type of data are you collecting if you are doing a customer survey on color preference (eg. Do you like blue or red)? a. Discrete b. Continuous
When issuing a new credit card to a potential customer what sunk costs would be ignored for the purposes of the credit decision? expected loss from a potential default cost of servicing the card interest rate that could be earned elsewhere cost of advertising or mailer sent to acquire a new customer
My Not Question 2 (evaluating customer profitability) You own a credit card company. You want to evaluate the profitability of two representative customers, A and B. The numbers for customers A and B are as follows: customer A customer B credit card balance 51.500 5600 number of transactions 150 160 number of customer support calls 30 3 Your revenues and costs for customers are as follows: • Revenues: The only source of revenue is the interest you charge on credit...
Question 2 (evaluating customer profitability) You own a credit card company. You want to evaluate the profitability of two representative customers, A and B. The numbers for customers A and B are as follows: customer Acustomer B credit card balance $500 $200 number of transactions number of customer-support calls 20 50 20 Your revenues and costs for customers are as follows: * Revenues: The only source of revenue is the interest you charge on credit card balances. You charge customers...
Question 3: Evaluating customer profitability You own a credit card company. You want to evaluate the profitability of customers A and B. customer A customer B credit card balance $1,500 $600 number of transactions 150 60 number of customer-support calls 60 The only source of revenue from customers is the interest that you charge on credit card balances. You charge customers an interest rate of 40%. Thus, if the credit card balance is $1,000, revenue is $1000*0.4=$400. Variable costs are...