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Research Essay - Advanced Payment Devices in the Australian Market

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Choose the topic of - Stored-value payment devices and their place in the financial market.

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Research Essay - Advanced Payment Devices in the Australian Market
Topics this document covers:
Economy Money Finance Payment systems Debit cards Radio-frequency identification Credit cards E-commerce Stored-value card Gift card Payment card Visa Inc.
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Topics this document covers:
Economy Money Finance Payment systems Debit cards Radio-frequency identification Credit cards E-commerce Stored-value card Gift card Payment card Visa Inc.
Sample Text:
SVC’s features do not only attract customers from all sorts of backgrounds but also expose some risks that have significantly drawn attention from regulators and consumer advocates. Some argue current regulatory framework for stored value facilities is not wide enough to cover SVC and require more specific regulations to protect consumers properly. This paper will examine the definition and position of a SVC, along with its advantages and disadvantages in global financial market and its penetration of Australia. Moreover, it will analyse its current legal regulations in USA and Australia respectively. Meanwhile, some proposed regulatory framework would be provided to. At last, the article will conclude despite provi...
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