Saturday, April 19, 2014

Credit Card Transactions for US Merchants

Scenario One: International Card Paying For Purchase in US Dollars:

A shopper purchases from a US site in US dollars using a foreign issued credit card. The Web site only offers products for sale in US dollars:

• The transaction will be downgraded. Namely, the merchant will see a higher interchange fee or discount rate compared to a transaction made with a US card.

• The card Associations will levy a cross-border "assessment" on the merchant. The assessments may be between 0.30% and 1.5%, depending on conditions of the transaction and which card brand is used.

• The payment processor is usually domiciled in the US. The money is wired (ACH) into the merchant's US bank account in US dollars.

• When the shopper receives her credit card bill, she will observe her purchase in US dollars and her own currency. A conversion rate will also appear on the statement. This rate is calculated by the card brand from the approximate rate at the time of the purchase.

• The shopper will also see a fee of upwards of 2% for the currency conversion service. This fee is divided between the card issuing bank and the card Associations.

Scenario Two: Opening a Merchant Account Overseas:

A merchant may open multicurrency merchant accounts in various overseas venues based on its acquiring bank's capabilities as well as the merchant's operating requirements. It may use an acquiring bank with global acquiring relationships or payment processors/banks within a particular country. The Web site offers products in the local currency or multiple currencies.

• The merchant's money may be deposited at a bank in the operating country in local currency. The merchant's money may also be deposited anywhere in the world based on the relationships enjoyed by its merchant bank or acquirer. In these cases, the funds must be repatriated. The merchant invites ancillary costs associated with the management and reconciliation of converting currency.

• When the shopper receives his bill, he will see the charge in his own currency at precisely the price he paid for the product.

• Depending on card association rules and local regulations, the merchant may be required to establish domicile in the region, and register with the card associations. Third party "registered agents" can usually provide domicile services.

• Using an overseas payment processor can allow the merchant to accept native payment types not common in the USA. For example, most electronic commerce in Germany and France are conducted by direct debit

• When merchants make a sale in one currency and settle in another, they are open to FX risks because the valuation of both currencies can change between the time of purchase and settlement.

• If merchants have an operating presence within the foreign country, they may decide not to repatriate the money. The money can be used to pay local salaries and expenses thereby avoiding currency exchange risks.

Scenario Three: Foreign Issued Card Purchasing from a US Merchant in Native Issuer's Currency:

A foreign shopper purchases from a US site which offers product in the shopper's native currency. The merchant bank is in the US and the merchant can choose whether to settle in the shopper's native currency or in US dollars. The merchant bank's ability to do this is derived through contracts with international banks. The Web site offers products in the local currency or multiple currencies.

• The merchant can settle the sale in the foreign currency or in US dollars. If the merchant does decide to settle in overseas currency, then a special, dual-currency account must be used.

• When the shopper receives his bill, he will see the charge in his own currency at precisely the price he paid for the product.

• If the merchant decides to settle in US dollars, then the merchant's bank converts the money at a mutually agreeable time (generally at time of deposit,) or the merchant's bank will directly settle in US dollars.

• Merchants generally suffer a stiff premium for this kind of settlement as the bank tacks-on charges on top of fees it has to pay overseas banks for this service. These charges are significantly greater than using a commercially available FX (Foreign Exchange) solutions or settling natively in a foreign bank.

• When merchants make a sale in one currency and settle in another, they are open to FX risks because the valuation of both currencies can change between the time of purchase and settlement.

• Like Scenario Two, the merchant also invites ancillary costs associated with the management and reconciliation of converting currency.
More information, please visit : BankCard USA Merchant Services

Friday, April 4, 2014

How to Implement GPS Vehicle Tracking

Your business can increase productivity and reduce costs with GPS vehicle tracking. The first step in implementing GPS tracking in your company is to install tracking units in all your vehicles. The hardest part of implementing GPS tracking is how to inform your employees and modify their behavior and to increase productivity and reduce company costs. As challenging as it may be to implement GPS tracking the cost savings and increase in productivity are worth the effort. These are simple instruction on how implement GPS tracking within your company.

Set Up Baseline

The first step is to set up a base line and measure just how much your company is losing from unproductive employees who waste time, idle vehicles or any other activity. This step can show how inaccurate their time sheets can be. By tracking your employees for one month without telling them, the business will have a good base line of what your fleet employees are doing when they are out working in the field. Your company will have an accurate assessment of how much can be saved when GPS vehicle tracking and company policies are changed.

When following this strategy is when you notice employees who are taking excessive personal errands. Or employees will go home during the day early while writing on their time sheets they are working. If employees are allowed to take vehicles home they might use the vehicles for long trips during the weekend. If they have gas cards another thing to look for is how often gas cards are used as well miles driven in-between fill-ups.

GPS Vehicle Tracking Can Improve Employee Productivity

GPS tracking can put to an end all of these activities, helping to save money through behavior modification of your employees. The first step to save money is to inform your employees. When you tell your employees you have installed GPS tracking devices the vehicles. There will be question such "do you trust us?" "we already keep logs of our time why do we need it?". Easy answers to such questions are if we did not trust you why would we allow you to drive a company truck with thousands of dollars of equipment on it? This new tracking system makes your jobs easier since employees will no longer need to keep time sheets.

Cost savings gained from behavior modification of employees' use of time and driving habits. Enforcing of a company policy is the only way to achieve cost savings. If you have real time GPS tracking an easy way to enforce policies is to set up real time alerts. Real time alerts can notify you every time a driver idles a vehicle for more than 5 minutes, speeding or any programmable action that could indicate lost productivity.

Automate Employee Behavior Modification

The smart way to send out real time alerts is not just send alerts out to management but also the drivers. Constant text messages also remind the driver that management is monitoring their use of the company vehicle. You can define geographic areas, allowing you to be notified when a employees vehicle is that area. You will even know when employees just go home for the day by setting up a geographical boundary around employee's houses, or your employee strays outside of an assigned area.

You can increase fleet productivity with GPS tracking. You can add last minutes jobs onto the schedule of an employee without calling all of your employees to figure out where they are. You can route the employee with the shortest travel time using live traffic maps to avoid heavy traffic, adjusting any other schedules as need based on real time traffic condition.

Tuesday, March 4, 2014

Benefits of Forex Rebates

Nowadays, currency trading is gaining more and more attention among people interested in earning from additional sources. As most of us know, among the different trading platform, Forex trading is turning out to be the most popular platforms and many people are engaged in this trading as they are able to earn a good return on their investment. The fact is that this is a complex market and only once a trader gains some form of experience, he will be able to shine by earning better profits by keeping himself away from the losses. Generally, experienced traders, would have heard about the concept of forex rebates, while newbie dealers may not have heard about this concept. This is actually a great opportunity to earn in this trading platform.

For some people, this concept might be something mysterious as they do not know that they can earn cash rebates for each and every transaction they are doing. Before, any individual takes a plunge, it is important to comprehend each and every aspect of the Forex trading market. This is because even though it is a profitable business, the level of risk involved cannot be under-estimated. Even though, it is true that you can get in touch with your financial advisor in the case of any problem in the process of trade. To gain full benefit from your trading activity, it would be wise to understand about Forex rebates and their operations:

These days, the process of rebates has become simple and many people and organizations engage in trading in this market. Every company here has relations with Forex brokers, who are ready to offer their clients with the best rewards. These companies bring in new clients to their brokers, who in turn give them the rebate or commission in return. Then, the money deducted is credited to the account of the company, who is the customer of the broker. Now, let us get into the details about the benefits of these rebates:

If you are confused about the money you can earn from rebates, it purely depends on the money you have traded. The lower risk benefit is pointed out as the important benefits of these rebates. Even though, the investment of the dealers cannot be left free from any risks, they can be sure of one thing and it is nothing, but they can get the rebate in the form of cash. When the best brokerage company is selected, on-time payment can be assured in this respect.

If you are looking for most unique and exclusive forex rebate program, then ForexReward offers higher rebate for your trading. We have associated with over 40 reputed brokers and helps to reduce the cost of trading by rewarding your account with forex rebates. To know more, please Click Here.

Simple Introduction Forex

In the beginning of the article, let me get one point very straight. If you are here to find out a way to earn fast money, I would suggest you to close this page right now and search for other things on Google promising you a quick buck because what I will tell you, is 100% genuine information and I don't want to get your hopes high with false promises.

OK, since you are still reading, I believe that you are really interested in constant and hard earned money, so without wasting time let's get directly to the crux of the problem.

Forex market is a market where information makes a lot of impact and prices adjust very fast, as the complete trading network is electronic and people from across the Globe are connected to one price panel; extremely experienced traders are sitting there, keeping their eyes open to seek profit.

Now the question is how you as a trader, can succeed in such a fast market.
Here is a 5 step formula:

1) Technical Analysis
2) Fundamental Analysis
3) News / Sentiments
4) Networking
5) Keeping a stable mindset

Now I would like to explain what these 5 steps are and how they influence your learning curve.

1) Technical Analysis: This analysis is based on the past results. Tech analysis tracks how prices have moved and what patterns have been created in past, it's very important to know it, so that you understood the boundaries of movement of prices. Further, there are many indicators which reveal how the prices are working in comparison to the past and in which direction.

This analysis also shows the patterns of investors / traders behavior, indicating how the investors and traders behave in a given time period and situation and a lot of time these patterns form a perfect opportunity to replicate your profits.

2) Fundamental Analysis: It won't be wrong to say that this is the most important analysis as it forms the logic of the price movement. It focuses on the overall state of the economy and considers various financial data and/or political news, released by the governments of different countries, like unemployment or manufacturing data, GDP growth data, interest rates etc., so fundamental analysis always forms the core of the price movement.

3) News / Sentiments: Well, as I mentioned above, trading is a combination of different factors. Sometimes the technical analysis is saying that a particular currency should go up but the market sentiment is negative about it, the reason might be a future data which traders already know is going to be negative or they might not have full confidence on the current data released by government, so before making the final trading decision you should see the complete picture.

Now the million dollar question over here is how to know the sentiments of traders and that is exactly what is my next point is all about.

4) NETWORK NETWORK & NETWORK: I can repeat this a million times more if you ask me, it is of utmost importance to network with traders in order to learn, because trading becomes 100 times more risk-free when you discuss your strategies and share and learn from the experiences of others. Please join some Forex groups on Facebook and join forexcamping, a website specifically made for learning and sharing Forex wisdom, I will repeat my words again with the request, "PLEASE NETWORK."

5) Keep a Stable mindset: It is insanely important to keep a stable mindset and by stable mindset I mean a really stable mindset. A small example here; if you won 500 USD in market you would be like OK, its fine, not a big deal but in case you lost 500 USD, you will be like OH MY GOD, what on earth has happened to me, God why are you so mean to me and so on and so on and so on. Thus keep stability in your mindset, set your risk limits and then fix your stop-loss levels accordingly.

And in the end I would just like to say, keep practicing on demo accounts, don't burn your money directly, learn first, experiment with markets and then fill in your accounts with the green stuff.

Saturday, February 1, 2014

Internet Marketing Tips

New people who come on board each day into the internet marketing business are always looking for how to make a living working online. We shall discuss the problems they will discover in this write-up, what stages they are likely going to go through in their journey to making a living income online and what to do.

Our high hopes at the onset of internet information marketing usually seems to have been misplaced midway because we seem not to comprehend the magnitude of the effort we need to exercise in trying to work and earn a living online without first finding out what difficulties await us. By patiently reading through this article however, your case is certainly going to be different because you will learn from here how to prepare yourself to be successful to work at home and make money online.

Let me state clearly here that everything I write here is based on my personal experience. Moreover, I am continuously learning every day. At least who wears the shoe knows where it pains most. I am not yet a guru but having been in the internet marketing arena for a while I know that it requires patience and perseverance and courage to earn money here.

So you may ask me "How many stages of learning do we have in internet information marketing?" I will categorize it into five stages as follows

Stage one: This is the stage of total confusion for beginners who have no mentor. If you have a mentor who is honest enough to guide you properly, and you follow his instructions strictly, you will not have much problem earning your first income fast. If you decide to go solo, you will hardly earn any money here, if you do, it will be little because you will be learning the ropes by experimenting from one program to another. This stage may last from three to five years.

This is what usually happens during the stage of confusion in learning the internet information marketing business.

1. Most new entrants lack the proper focusing and preparedness. Most of them think that it is easy to pick up money on the internet without working really very smart and hard.

2. The downloading of all types of junks in the name of free e-books becomes the order of the day. The new entrants think that they can easily make money from these junks. Some are good, but need time to mature and that is why they get confused.

3. The buying of unworkable and inapplicable internet information marketing programs is very rampant here. The gurus who sell these programs or e-books to you know that it can't work or if it does, it will take time but your money is more important to them.

4. Some new members are fond of jumping from one program to another, joining all sorts of groups without knowing that they are irrelevant.

5. Suffering from internet information marketing overload. So much that you get overwhelmed and don't know where to stand.

6. Spending and wasting so much money that when you find something relevant to buy, you may no longer have reserve cash to pay for it.

7. Attending workshops and seminars over and over again without fully implementing the knowledge gained from the ones already attended.

8. No working time-table to guide your daily activities.

9. No free money on the internet, no money earned. Instead, it is more spending than earning. You are not alone in this dilemma, because many internet gurus experienced same. Check their stories.

The best solution is to get a mentor who will guide you through the right direction even if it means paying for it because at the end, you may discover that the money you wasted trying to do it by trial and error would have cost you less if you paid someone for a mentoring program. Take my word for it.

Stage Two: You have started getting organized. You are emerging gradually out of the first stage. You are gradually dropping unworkable and inapplicable programs. You have probably found free webs and blogs. You consider the fact that you wasted so much money in stage one buying unworkable programs, so you are careful not to buy junk internet marketing programs again. At least you have started Affiliate Program or freelance writing like I did.

Stage Three: Your eyes, thoughts and actions are clearer now. You read between the lines of any internet marketing and money-making programs you get and take time to complete one before going into another. You begin to earn money and feel relieved and happy.

Stage Four: You are moving faster now because things have taken shape and you are spreading your net to catch more money. Money goes into your account whether you are asleep or awake without you having to do so much work.

Stage Five: You are now making money in six digits as a guru. You have even started mentoring others at seminars and workshops because you realized the futility of not taking this advantage in your early days. You write and sell programs and Private Label Right.

Why should I tell you this Story?

The essence of telling you my personal experience is to save you the problem of going through the hard way of making money on the internet information marketing arena.

You can make it faster than the whole process I went through. Take the easier road to Earn Money Online, Join a Mentoring Class Now.

More information please visit :

Sunday, September 8, 2013

Tips to Choose a Good Personal Injury Lawyer?

Personal injury cases are serious matters. They often involve grave injury, permanent disability, and even death. Victims depend on the personal injury lawyer to recover financial damages that are required to cover their medical treatments, replace permanently lost income, and compensate for their pain and suffering.

Without a qualified, experienced personal injury lawyer, their chances of receiving fair compensation plummet. That's why it's really important that, if you've been a victim of personal injury, you choose the right personal injury lawyer to represent you. Here are a few things to consider when making your selection:

Choose an attorney who specializes in personal injury

Your personal injury lawyer should be able to accurately assess the merits of a personal injury case, approximate its monetary value, and determine the best strategy for pursuing it. He or she should also have extensive experience in the field. Your personal injury lawyer should also who keep current with the latest developments in personal injury law.

Choose a personal injury lawyer experienced in dealing with insurance companies

Insurance company lawyers represent most personal injury case defendants. These corporate lawyers seek to pay out the least amount possible, so an inexperienced personal injury lawyer may be at a disadvantage in these negotiations. Therefore, choosing a personal injury lawyer with a proven track record of successful negotiations is essential.

Choose a personal injury lawyer with trial experience

Although most personal injury claims are settled out of court, personally injury lawyers sometimes obtain favorable settlements by threatening to take cases to trial. The defendants are often willing to pay out more money to the plaintiffs to avoid expensive trials, negative publicity, and the chance that a court would award the plaintiffs more money. In this case, experience is key: if your personal injury lawyer has never won cases in court, the defendant in your lawsuit may not take the threat of going to trial seriously.

Personal injury cases are brought about by physical injury or mental anguish caused by actions or negligence of another party.

Personal Injury cases can include Auto Accidents, Defamation of Character, Product Defects and Medical Malpractice to name just a few. In order to be sure if your personal injury case has validity in the eyes of the law, contact a legal professional in your state.

If you suffer accidental personal injury or damages through the fault of another, that person or business is legally responsible (liable) and can be required to pay compensation. To determine responsibility, the court looks for negligence--carelessness by one of the parties involved. Whoever is determined to have been less careful (i.e. more negligent), is legally responsible for at least part of the damages incurred.

Compensation is generally awarded based on the strength of your documentation and degree of injury. A legal professional is recommended in Personal Injury cases over all others in order to maximize your compensation in the face of the Insurance companies, which normally defend such cases.
More information , please visit : injury leads for your law practice :

Thursday, July 11, 2013

Understanding Number Systems

This is a somewhat technical subject, but it is one that will come in handy when you are working with computers, so stick with me through this article and you will understand number systems. I taught this subject to Army officers when I was on active duty many years ago, and I still remember it well. I was able to get it across to my students, and I can do the same for you if you will concentrate on it with me. I recommend that you work the problems to fully understand the subject.

The number system we are taught and with which we deal daily in our lives is decimal. The base of this number system is 10. We are taught early that the positional values for this number system are ones, tens, hundreds, thousands, etc. We are taught this by rote, but we are not taught the rule on how to calculate them. But that is easy. Number systems always start with the ones position. The positional value to the left of one will be one times the base of the number system or ten (1 X 10 = 10). The next positional value to the left will be that positional value times the base of the system or 100 (10 X 10 = 100). This is how the ones, ten, hundreds, thousands are calculated.

Each number system has one character multiplier values in it that range from zero to one less than the base of the number system. In decimal, the multipliers are 0 - 9.

When we look at the number 123, we just accept it as the decimal value, but in number system theory, it is the sum of all multipliers times the positional value for the multiplier. Follow this example:

3 X 1 = 3 2 X 10 = 20 1 X 100 = 100

Add up the numbers to the right of the equal signs (3 + 20 + 100) and you get 123.

You have heard that computers use binary. This is because in electrical circuits there is an on or on off value (two possible values). The base for binary is two (2). Follow the rule for multipliers that they will be from 0 to one less than the base of the system so the multipliers for binary are zero and one.

Follow the rule for determining the positional values for the system. Start at one and multiply it by the base (two) so the position to the left of the one position is two (1 X 2). The next position to the left is the two position times the base (2) or 4 (2 X 2). The next position to the left is the four position times two (4 X 2) or 8. Here are the first few positional values in binary:

256 - 128 - 64 - 32 - 16 - 8 - 4 - 2 - 1

Notice that each position is doubled the value to its right. This makes sense since the base is two and we are multiplying each positional value by two to get the value of the next position to the left.

Let's look at this binary number.


To convert this to decimal, we multiply the positional value by the multiplier.

1 X 1 = 1 1 X 2 = 2 0 X 4 = 0 0 X 8 = 0 1 X 16 = 16

Now add up the values to the right of the equal sign and we get 19 decimal for the binary number 10011.

What is the decimal value of 111 binary? If you got 7 decimal then you understand how binary works.

1 X 1 = 1 1 X 2 = 2 1 X 4 = 4

1 + 2 + 4 = 7

Convert one more binary number - 1000000. If you got 64 decimal, you are right.

A weakness of binary is that it takes so many positions to express a large value. To get around this, the hexadecimal base system was devised. This is the base 16. We abbreviate hexadecimal as "hex".

Since we said earlier that the multipliers for the system were zero to one less than the base of the system (16), how can we get one position multipliers when we only have 0 - 9 as numeric numbers? Well, we use the first six letters of the alphabet for the multipliers above nine. Here are the multipliers in hex.

















OK, now stick with me and remember the rules for number systems. The positional values start with one and are determined by multiplying the base by the number to get each succeeding positional value from right to left.

The first positional value is one. The next one to the left is 16 (1 X 16). The next one to the left is 256 (16 X 16). The next one to the left of 256 is 4,096 (256 X 16). The next one to the left of 4,096 is 65,536 (4,096 X 16).

The first few positional values of hex are:

1,048,576 - 65,536 - 4,096 - 256 - 16 - 1

You can see that we can express a very large number in hex with fewer positions than we can in our standard decimal numbering system.

Let's convert a few hex numbers to decimal. Convert hex 1F to decimal. Just follow the rule and multiply the positional value by the multiplier.

F (=15) X 1 = 15 1 X 16 = 16

Add 15 and 16 and the number 1F in hex is 31 in decimal.

Convert 2AB hex to decimal. Just follow the rule. Remember, multiply each positional value by its multiplier.

B (=11) X 1 = 11 A (=10) X 16 = 160 2 X 256 = 512

Add up the values to the right of the equal signs and you find that 2AB in hex is 683 in decimal.

Why learn hex? In some instances when you are writing HTML for web pages, hex numbers are used. A two position hex number will express a number from 0 (hex 00) to 255 (hex FF). Since zero is a number, this will give 256 total values.

Another reason that hex is used is that each four positions of a binary number can be expressed in one hex position so it is much easier to write a large number in hex than in binary.

Let's look at the binary value 1111. If you use the rules, this will be 1+2+4+8 = 15. This can be written as "F" in hex. (the multiplier "F" in hex is equal to decimal 15.

Let's convert another number in binary to hex. Start at the ones position and break the binary number into four position groups. Express each four position group as its hex value

Binary 1011 1100 1001 0111

Hex -------B------C-----9-----7

To double check that the two are equal follow the rules and convert both number systems to decimal. If you came up with 48,279 you are right.

Thank goodness, we do not have to keep our check books in hex or binary, but remember that the computer is using binary as its native language. Binary easily translates into hex. Be glad it does this and converts the answers to decimal for us.

There are times when we do have to use hex in working with computers. One application for using hex is in color codes used in HTML code.