China says cooling inflation still top priority
BEIJING (AP) — China’s central bank said Monday that cooling surging prices still is its top priority even after inflation eased slightly in August. The announcement might disappoint companies and investors who hope Beijing will respond to a slowing global economy by reversing repeated interest rate hikes and other curbs imposed in an effort to [...]
20 Important Terms to Help You Better Understand Merchant Account Processing
Some of the most important terms used in connection with opening and maintaining a merchant account include the following: acquiring bank, Address Verification Service (AVS), authorization, batch, card association, card issuer, card present, cardholder, chargeback, credit card, credit card processors, card verification value (CVV2)2, discount rate, gateway, holdback, interchange, Internet merchant account, merchant account provider, [...]
What Can Consumers Do to Raise Their Credit Scores?
Fair Isaac Corporation — the company who determines your credit score and sells it to banks — recently released a new credit scoring model called FICO 08. Many American consumers are wondering how the changes will affect them, how soon those changes will take place, and how to raise their new credit scores. A Denver [...]
Accountability in Banking
Success in business is measured primarily by the excess of revenues over expenses from the business operation that produces the net income. However, Investors and creditors will only determine the ultimate success of an entity upon liquidation. What do accountants do to provide investors and creditors an approximate financial status of the business? All transactions [...]
Office Personnel Malpractices
In many business entities, the most common irregularities that maybe perpetrated by an officer or employee are on: Cash Advances. This irregularity is like an indirect borrowing without interest. In most cases, the advances remain un-liquidated for a very long period of time. Misappropriation of Petty Cash Fund. Recommended as deterrent to these irregularities are [...]
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