Social Media In Present Day

Social Media In Present Day Social media is a compilation of online platforms that allows public to communicate through different type of online features. These connective features can be sharing of knowledge and idea, networking, online discussion, and other content of communicating (Heesters, as cited in Schets, 2010, p. 22). The concept of social media just about existed ten years ago. However nowadays, social media are the fastest growing websites online and can be see there is a rapid and continuing increase in their audience and reach. By catching up with this online trends, there are increasing number of nonprofit organizations are using social media as aims to increase outreach, fundraising and recruitment capacity. Nonprofits exploit the online social networks to offer exponential possibilities for developing personal relationships. Once an organization established a good connection to an individual, that person can leverage his or her personal contacts (Tetrick, 2010). Today, there were about half a billion people around the world have Facebook accounts and nearly 200 million have Twitter accounts. These two social networking sites will be the most popular among internet users worldwide. Statistics illustrated public who are younger, wealthier and better educated in demographic segments use social media more than other groups (Beribe, as cited in Berube, 2010, p. 1 ). Social media able to reach more consumers globally as it continues to grow, especially with social networking and microblogging sites. These are the most commonly sites used for socialization and connecting with friends, parents, relatives, etc. Among all the Social Netwroking Sites that used by the nonprofits, Facebook and blogging got the most attention from public. There were also recent studies indicated that old generations are using social media frequently. Therefore, social media has the potential to widen audience for nonprofits (Pierce Wood Smith, as cited in Hovey, 2010, p.2). The chart below shows how Schets (2010) illustrated social medias key social platforms. A chart of the key social platforms (Source: Adapted from Schets, 2010) The Importance of social media The social media is an unpaid media, it is created by an individual and company on the internet. (Weber, as cited in Kichatov Mihajlovski, 2010, p. 6). Over last few years, social media has become universal and even more significance for social networking and content sharing. The emerging of social media has directly affect traditional media and broadcast media as the main promotional tools. (Asur Huberman, 2010) The main role of social media in an organization is to facilitate communications either with the organization and with one another, or on their own terms. The communications will only be more effective if the organizations target audience is already comfortable with social media tools (Tetrick, 2010). Social media is believe to has more opportunities than traditional media. For instance, blogs allow two-way dialog between an organization and its public (Seltzer Mitrook, as cited in Hovey, 2010, p.2). Moreover, social media platforms allow organizations to freely take advantage of existing social networks and virally spread their messages. For nonprofit organizations, social media sites, such as blogs and Twitter, provide new ways to engage publics in, fundraising, activism, and publicity (Kanter, 2007; Mattson Barnes, Waters, Burnett, Lamm Lucas, as cited in Tetrick, 2010, p. 15). Through social media, non profits organizations share the work of publicity and advocacy with volunteers. Their organizational information is open to public too (Cronk, Fine, Waters as cited in Tetrick, 2010, p. 12 ). Undeniable, it can be clearly seen that both the organizational communication and public relations have a rapid change due to todays internet technologies (Curtis, as cited in Tetrick, 2010, p.1). The previous public relations studies indicate that social media is widely being use in public relations sector, espcially the phenomenon of blogging have the potential to bring dramatic changes to many aspects of public relations. However, they do not use it to the fullest mean (Eyrich Padman Sweetser Kent Xifra Huertas, as cited in Hovey, 2010, p. 1) Accoding to the other public relations studies, the role of social media mainly help the organization to cultivate the relationships with their publics. Moreover, it allows the organizations to react immediately to the problem from their public (Wright Hinson, as cited in Hovey, 2010, p. 2). Furthermore, the internet technologies has become a publicity tool after President Barack Obamas election campaign. By the use of social media, he successfully raise around $750 million. Not only that, he able to mobilize more than 13 million supporters during his 2008 election (Scearce, as cited in Tetrick, 2010, p. 6). After reviewing the previous research studies, it can be conclude that social media is an essential tool which play the role in facilitating the overall communication process. By using social media, it can gain fresh support for the organization. Morover, by making them more immediate, open an avenue to a new audience, it can strengthen an organizations existing communication attempts. Social Media and Youth It can be say that young generations today grow up with the internet. Our young generations have the whole globe at the point of their finger tips. The emerging of the social media somehow is shaping and changing the way our young generations is communicating with others. Social media become their daily partner on the internet world. Through social media, youth able to get their relationship, friendship, information, entertainment, education, etc. It can be seen clearly that there were an obvious changing pattern of media use among young generation in present day (Jalil Jalil Latiff, 2010). The importance of charity awareness Charity awareness plays a key role in which it will create a desire for people to help others. Individual who has charitably aware instigates a sense of fulfilment to those who translate their desire to actions and thus improve the lives of those who are in need (Soft Power Education Blog, 2008). In this study, the awareness towards charity work refers to the capability to have an in-depth knowledge which will educate people more about charity work and encourage more people to be involves in charity work. By having charity awareness, it will indirectly create a desire to aid others. Individual who have charity awareness will try to think of ways and means to build bridges to deliver the task. As a consequence, it will reach a certain goal of fulfilment with oneself through the advancement of the lives of those less fortunate people who are the object of that charitable desire. Link between Social Media Charity Work Awareness Not surprisingly, all charities associations raise funds and need donations in order to sustain their causes. Without those funds, they will hardly survive in society. All the money received by charities is used for the cause each charity is committed to. The received funds used to help needy children and families and even protecting animals from human abuse, while a small amount is use for future fundraising activity. It is very significant for charity organizations to invest in fundraising so that it can attract new supporter and to inform public about the updated events and activities as well as latest information about the campaign. In this study, public who have charity awareness will automatically lent their hands to help those who is in needed. In present day, there were more and more charities use social media to promote their good cause. Basically, social media is a good promotional tool for charities to increase awareness among public. Many charities use social networking such as Facebook, Twitter and other online platform in promoting their causes. Previous research shows that by using social media to promote, it can make the campaign to be successful once done in the right way. CASE STUDY World vision Malaysia World Vision has been established in Malaysia for 14 years. It serves as the support office of World Vision International. It is a charity organization that assists the poor especially children to help themselves. It will collect fund from public then donate to people that in backward countries. There are three main programs in World Vision. They are Child Sponsorship program, 30- Hour Famine program and Gifts of Hope program. These programs aim to help child that is in need. Through Child Sponsorship program, public can sponsor needy children by just donate RM50 per month to provide them education, food and others. For 30- Hour Famine, participants are require fast for food for 30 hours in order to get them experiences the hunger that those children and families endure everyday. Besides, through Gifts of Hope program, public can sent gifts to the needy children or families that select from the catalogue such as school uniforms, livestock for families and others (World Vision Malaysi a, 2006). 30-hour Famine 30-Hour Famine began in Malaysia since 1997. It is known as a global movement against poverty and hunger worldwide. Its main purpose is to encourage public to donate and help children as well as families in need. The fund which collected will be able to help feed and care for tens of thousands of kids all over the world. Since famine intend to motivate ordinary people to care and assist for those unlucky and needed people, therefore participants will get to experiences hunger for 30 hours through the 30-Hour famine campaign that will be conducted once a year. During the fast for 30 hours, participants undertake different activities while learning about some global issues. They also learn what it takes to stop hunger in its tracks. The fast can be done with a group or individually, it is depend on the participants themselves. Due to 30-Hour Famine is powered by World Vision, the donors are not just feeding kids for a day but are helping them overcome poverty for a lifetime. 30-Hour Famine History World Vision was established in Malaysia in 1997. The first 30-Hour Famine in Malaysia was organized by The Sin Chew daily. It was successfully raises for around RM2.6 million. Although the crisis strikes was happened on 1999, but the 30-Hour Famine still continue to roll in. During this period, Fish Leong started to join the Famine and had her first performance. After this, Silvia Chang and Sally Woo become the ambassadors of the Famine at year 2000. The first off- site Famine was held in Penang in this year too. At the following year, HELP University College appeared to be the headquarters of the Famine after the Sin Chew. The Famine was held all together in KL, Johor and Penang. Their sponsor will be E-Excel and Nesh. In 2002, the Famine camp which is with English version was held. Its headquarter, HELP University College is assigned to be the host of both the English and Chinese Famine Camps. At 2003, the SARS epidemic is very serious and forced the Famine have to be postponed from May to July. Due to this reason, the Famine was held in Stadium Juara, Bukit Kiara KL for the first time. In order to show their caring to the community, the English campers visited local charities and presented proposals on their causes at 2004. After that, the first Volunteer Training Camp was held. On the other hand, due to campers form Johor began and ended their fast on the train, therefore, the Famine Express was born. In 2006, the Famine camp continue to gain a lot of enthusiastic responses from the public, an unprecedented number of newcomers join both the Chinese and English Famine camps. The media also play an important role in promoting the camps. During its 10th year anniversary at 2007, it was reported the Famine has been break the record whereby about 10, 000 sponsors, donors, volunteers and campers took part in its largest camp ever. Furthermore, the Famine stared to spread its wing to East Malaysia for the first time. In 2008, the Do it Yourself (DIY) camps were held across the nation. The Famine was also decentralised in order to widen its reach and empower its supporters. Since the issue of global food crisis is getting serious day by day, therefore, World Vision offices in Malaysia, Hong Kong, Taiwan, Singapore, and Australia decided to focus on the Global Food Crisis. In Malaysia, it gain a good response from public in which there are about 100 DIY camps with the more than 10,000 campers joined the joined the cause of fighting global hunger and raise awareness on the food crisis among public. Identity 30-Hour Famine Logo World Visions vision statement Our vision for every child, life in all its fullness Our prayer for every heart, the will to make it so World Visions mission statement The mission of World Vision is to follow our Lord and Saviour Jesus Christ in working with the poor and oppressed to promote human transformation, seek justice and bear witness to the good news of the Kingdom of God. World Visions core values The World Vision Partnership shares a common understanding bound together by six core values. With these core values, World Vision able to live and work towards because it treat the core values as the fundamental and guiding principles that determine World Visions actions. The six core values as below: We are Christian We value people We are partners We are committed to the poor We are stewards We are responsive Uses and gratifications Theory (UG) Uses and Gratification theory is a time-honored media use theory. It is a theory which is based on the concept that a person cannot influence by media unless he or she has some use for that media or its messages. (Ruggiero, as cited in Stafford Schkade, 2004, p. 226). Through this theory, it can help to understand consumer motivations for media use. UG theory was started in the 1940s when researchers interested to find out the reasons why audiences engaged in different types of media behavior (Wimmer Dominick, as cited in Ruggiero, 2000, p. 4). UG Theory illustrate how people actively seek out specify media and specify content to generate specify gratifications (West Turner, ac cited in Chasse, 2009, p. 2). Furthermore, it worked to explain media need for individual and individual involvement. Beginning in the 1920s and continue on into the 21st century, some media scholars have practised an in-depth understanding of human interaction with mass media, what effects media will on the audiences and how audiences use media. There are strong connections between media selection and the gratifications consumers seek. (Bantz, Blumler, McQuail, Mcleod, Becker, Rubin Ruggiero, as cited in Ancu Cozma, 2009, p. 569) There are 5 basic assumptions in UG theory. Firstly, the audience is considered active. Second, audience uses media with goal-oriented. Not only that, audience have self- awareness to know and understand well the purpose for using certain media. Third, different people own different type of communication behaviours. They are based upon psychological and social factors. Fourth, these two factors will influence how good media can serve and satisfy peoples needs and wants. People will select which media they like the most. Finally, people are sometimes more influential than media. People will chose other media to get information when they were not satisfy with the current media they chose (Rubin, as cited in Pornsakulvanich, 2005, p.14) By view from the psychological perspective, UG basically emphasized the active role of individual in choosing media to fulfil their needs. This theory normally focused on to explain the way why and how people use the media rather than the way media influence people (Klapper, as cited in Pornsakulvanich, 2005, p. 13). Previous research assumes that audience are actively involved in the media consumption (Rubin, Ruggiero, Severin, Tankard, Windahl, as cited in Ancu Cozma, 2009, p. 569). Some scholars stated that the social media is pull-media in which it aims to provide information that is interest to certain audience, users have to be actively click and type to access those information. It can make user become more goal-oriented and aware in their everyday consumption (LaRose, Eastin, Lin Jeffres, as cited in Ancu Cozma, 2009, p. 569). UG theory has been applied to different types of online content due to different media fulfil different needs (Perse, Courtright, Dun, as cited in Ancu Cozma, 2009, p. 569). Online media play the same role as television, radio in order to provide entertainment, satisfaction and social interaction needs (Ferguson, Perse, Kaye, Papacharissi Rubin, as cited in Ancu Cozma, 2009, p. 569). However, there are still some differences between online media and traditional media. For example, online media enable audience to control over content. By using search engine, internet users able to search for specific issue compared to less interactive media such as television and radio (Kaye, as cited in Ancu Cozma, 2009, p. 569). Nowadays, most of the mass communication scholars point out the UG theory normally is identified to be a sub tradition of media effects research (McQuail, 1994). As Ruggiero (2000) state, the emergence of computer-mediated communication has revived the important of UG theory. Pratically, it provided a cutting edge theoretical approach at the beginning stages of each new mass communications medium such as television, radio, newspapers, and now the Internet. Accoding to UG thoerry, the audience is selective when using media and mostly is encouraged by rational self-awareness of the individuals own needs and an expectation that those needs will be satisfied by particular types of media and content (Katz, as cited in ruggiero, 2000, p. 18). Accoding to few recent researchs, it stated research who has UG involvement which focuses on more advanced communication technologies such as uses of the Internet found few gratifications, which were information seeking , entertainment and diversion, exploration and relationship building (Charney, Greenberg, Kuehn, Tewksbury, Althaus, as cited in Melanie Grellhesl, 2010, p. 24). Television and internet hold the same roles as to entertain, to provide escapism, and social interaction (Ferguson, Perse, Kaye, Papacharissi Rubin as cited in Ancu Cozma, 2009, p. 569). Explanation In this study, those undergraduate students are actually applying the UG approach when they are deciding to look for more information about 30-Hour Famine. Students choose the medium that could satisfy their needs to find out for information that they wanted to know about 30-Hour Famine campaign, and that they are able to recognise their reasons for making media choices by chosing social media. The uses and gratifications approach use to test how the audience uses mass media to satisfy psychological and social needs. As an actice audience, they chose their favour media based on their ability to satisfy their needs. In this study, people who are interested to be involved in charity work such as 30-Hour Famine will try to find out more information about the organization through their favour media. Most of the undergraduates students select social media to satify their need as they are active internet users. Internet is suited well to the UG approach (Kaye Johnson, as cited in Stark, 2009, p. 21). Audience is active due to the internet create a two-way communication. In this study, those undergraduate students are active audience. There were a two- way communication when students posted comment and asked questions on the 30-Hour Famine official website, it can help students to be even more understand about the campaign. Additionally, students who were using the web will actively look out for more information about the campaign by clicking on links and using search engines, hence showing that the web is goal oriented and those undergraduates students were aware of the needs they were attempting to satisfy (Lin Jeffres, 1998, as cited in Stark, 2009, p. 21). As a conclusion, the advanced communications technology nowadays did benefits user a lof in communication. User can have have more choices to select when communicate with others, it also allowed new ways for users to communicate (Ruggiero , as cited in Melanie Grellhesl, 2010, p. 22) For example, social media is a new way for internet users to communicate with each other. By using social media, internet users able to post, view, comment anything in the internet.

Brazil Essay -- History

Brazil Stretching over 2,500 miles form east to west and 2,700 miles from north to south, Brazil is the world’s largest tropical country. The only nations that are larger are the lands of Russia, Canada, China and the United States. Brazil has more then 150 million people spread unevenly over its huge land area, making it the fifth most populated country in the world. (Encyclopedia.com) More then two thirds of Brazil’s people live in the cities and towns and more then 29 percent of them are in the ten cities with more then a million people. These include the metropolitan area of Sao Paulo with more then 15 million people and Rio de Janeiro with more then 9 million people. The rural population is mostly concentrated on the East Coast or in the highlands of the more southern states. Settlement however among the other states is sporadic through the other sectors of the country, but no matter where the majority may reside or continue to move, one unitary government still shelters them under the flag of Brazil. The Spanish navigator Vicente Yanez Pinzon was the first known European in the region now constituting Brazil and with this discovery placed the newly discovered land in the hands of Portugal. In April 1500, the Portuguese navigator Pedro Alvares Cabral also reached the coast of present-day Brazil and formally claimed the surrounding region in the name of Portugal. The territory was named Terra da Vera Cruz, Portuguese for "Land of the True Cross"). An expedition under the command of the Italian navigator Amerigo Vespucci was sent to Terra da Vera Cruz by the Portuguese government in 1501. In the course of his explorations Vespucci named many capes and bays, including a bay which he called Rio de Janeiro. He returned to Portugal with a cargo of brazilwood, and from that time forward Terra da Vera Cruz bore the name of the valuable wood Brazil. (Encyclopedia.com ) Later through the passing years Brazil has undergone a series of political rulers from the autocratic rule of Pedro I and II to the militaristic regime of Manuel Deodoro da Fonseca. In November of 1889, A republic was proclaimed, with Fonseca as head of the provisional government. Separation of church and state and other republican reforms were swiftly decreed. The drafting of a constitution was completed in June 1890. Similar to the Constitution of the United States, it was adopted in Febr... ... observe the government in action, such as constructions and other political activities. Everything at this time is done and concluded to guarantee the new election. In the interests of the regions, it means that the effectiveness of the government concluded some activities vary in political interests. As an example the distribution of the federal budget in the southern regions receive more benefits because it is more politically strong, and it is more populous and can guarantee more advantages in new elections. The difference between the north and south Brazil is that in the south they are more effectiveness like many developed countries because it is a rich industrialized region. But on the north region the activities take a long time to be approved or put in action, because it is a poor economic region. (Katz) Bibliography http://www.encyclopedia.com http://www.cnn.com/ http://darkding:woregon.edu/sergiok/brnews.html#history http://www.odci.gov/cia/publications/factbook/br.html#gov Economy (Brazil, China, and Venezuela) The Economist, February 20, 1999. Vol 350 pg. 102 Katz, Ian. Brazil: Still on the Edge of a Cliff. Newsweek. February 1, 1999. Issue # 3615 Page 59 Brazil Essay -- History Brazil Stretching over 2,500 miles form east to west and 2,700 miles from north to south, Brazil is the world’s largest tropical country. The only nations that are larger are the lands of Russia, Canada, China and the United States. Brazil has more then 150 million people spread unevenly over its huge land area, making it the fifth most populated country in the world. (Encyclopedia.com) More then two thirds of Brazil’s people live in the cities and towns and more then 29 percent of them are in the ten cities with more then a million people. These include the metropolitan area of Sao Paulo with more then 15 million people and Rio de Janeiro with more then 9 million people. The rural population is mostly concentrated on the East Coast or in the highlands of the more southern states. Settlement however among the other states is sporadic through the other sectors of the country, but no matter where the majority may reside or continue to move, one unitary government still shelters them under the flag of Brazil. The Spanish navigator Vicente Yanez Pinzon was the first known European in the region now constituting Brazil and with this discovery placed the newly discovered land in the hands of Portugal. In April 1500, the Portuguese navigator Pedro Alvares Cabral also reached the coast of present-day Brazil and formally claimed the surrounding region in the name of Portugal. The territory was named Terra da Vera Cruz, Portuguese for "Land of the True Cross"). An expedition under the command of the Italian navigator Amerigo Vespucci was sent to Terra da Vera Cruz by the Portuguese government in 1501. In the course of his explorations Vespucci named many capes and bays, including a bay which he called Rio de Janeiro. He returned to Portugal with a cargo of brazilwood, and from that time forward Terra da Vera Cruz bore the name of the valuable wood Brazil. (Encyclopedia.com ) Later through the passing years Brazil has undergone a series of political rulers from the autocratic rule of Pedro I and II to the militaristic regime of Manuel Deodoro da Fonseca. In November of 1889, A republic was proclaimed, with Fonseca as head of the provisional government. Separation of church and state and other republican reforms were swiftly decreed. The drafting of a constitution was completed in June 1890. Similar to the Constitution of the United States, it was adopted in Febr... ... observe the government in action, such as constructions and other political activities. Everything at this time is done and concluded to guarantee the new election. In the interests of the regions, it means that the effectiveness of the government concluded some activities vary in political interests. As an example the distribution of the federal budget in the southern regions receive more benefits because it is more politically strong, and it is more populous and can guarantee more advantages in new elections. The difference between the north and south Brazil is that in the south they are more effectiveness like many developed countries because it is a rich industrialized region. But on the north region the activities take a long time to be approved or put in action, because it is a poor economic region. (Katz) Bibliography http://www.encyclopedia.com http://www.cnn.com/ http://darkding:woregon.edu/sergiok/brnews.html#history http://www.odci.gov/cia/publications/factbook/br.html#gov Economy (Brazil, China, and Venezuela) The Economist, February 20, 1999. Vol 350 pg. 102 Katz, Ian. Brazil: Still on the Edge of a Cliff. Newsweek. February 1, 1999. Issue # 3615 Page 59

Customers bank Essay

For Businesses to survive they need to rely on customers buying their goods or services sales can also come from other businesses or members of the public. 1) Goods are what are sold to the customer . For example businesses like wholesalers and retailers sell goods. Goods are tangible things, they are used up. Goods are made up of materials like woods, food and cotton. 2) Services Services are sold also but are not tangible, you can’t see them. A service is a skill which is provided in order to help the customer or business. Services include National Health, Banking, Teaching and the police. 3) Business to business Businesses can offer their goods and service to other business. For example an airline company will purchase the services of a catering company. They do this so they don’t waste time making their own food. 4) Business to customer Business also sell goods and services to customers or individuals. For example banks offer their financial services to individuals who need loans or advice. Sales Documents 1) Order received ( see example 5) This document is produced by the supplier and is sent to the customer. This is used to conform with the customer what they have ordered. Details like the product description and how many they require are written down. 2) Sales Invoice (see Example 6) This document is sent to the customer to tell them how much they owe. Its similar to the purchase invoice and includes things like VAT and discounts. Also it includes the description of the product. The sales invoice is different because its’s only issued when a good has been delivered and has not paid for unless the customer has paid immediately. Delivery Note (see Example 7) A delivery note is given to the customer when the goods are delivered. The documents tells you what has been delivered and how many has been delivered. Also on it is the customers address so its similar to the goods received note. This document is a security measure so the right goods end up in the right place. The delivery note is given to the driver of the truck who deliver the goods and is then passed on to the customer. Sales Credit Note (see Example 8) This document is used by the customer in the event of an error in the supplied goods. For example if you bought a pair of shoes returned home and found a tear in them you can ask for a refund or accept a sales Credit Note. This would allow you to return to the shop in the future and exchange the note for a good or goods of the same value. The credit note is issued by the supplier and is sent to the customer. Statement of Account ( see Example 9) A statement of account is sent by a supplier to a customer. It states all transactions made in the month by the customer, any money outstanding, the total amount of money due on each invoice and the total balance which has to be paid. Remittance Advice (see Example 10) A remittance advice slip will often accompany the statement of account form. It is sent with cheque by the customer. This slip helps the supplier accurately process the payment when it is received. The supplier issues the remittance advice slip and the customer makes use of it by matching it with the invoice or statement of account and then sends it back with the cheque or other payment, this makes it easier for the supplier to match up cheque to invoices When you pay for something in cash you need some sort of proof you’re bought it. The proof you need is to collect a receipt. This is needed if you want to make a refund or if you want to exchange your product for something else. The receipt is written proof of your purchase and should include the following:- The date, Receipt number, Name of company, Description of the product, Amount paid (inc. VAT). A copy of the receipt is kept by the payee for their records and to provide evidence of VAT for recording purposes. Cheque (see Example 12) When you pay for something by cheque the cheque the cheque itself is a proof of purchase so a receipt is not needed. The cheque is similar to the receipt and will include the date and the amount. But the cheque also has the name of the person you are paying. The cheque will then be taken by that person to their bank to be cashed. A cheque is a receipt because when you pay by cheque shows up on your bank statement which acts as a receipt. Paying-in slips (see Example 13) Paying-in slips are used to put money into a bank account. This slip has a detachable section which is given with the cash and cheque the bank who place the money into the account. Left over is a section which is stamped to show that the money will be credited to our your account. On the slip is the amount deposited, the date and the name of the bank. Paying in slips vary from bank to bank. Banking statement (see Example 14 ) If you have a bank account you will also have a Bank statements. These are used to tell how much you have in your account, how much money you deposited and how much you have withdrawn and to see how much you invest you have earned It also tells you where and when you took your money out. Bank statements are basically used to keep track of your money. Cash is the most common way to pay. Its comes in two forms, coins and banknotes. In addition to this there are different note and coins which represent different amounts. Banknotes and coins can be copied or forged so it is wise to check the notes are genuine. Credit Card. Credit Card are alternatives to cash or cheques. They can be used at home and abroad wherever they are accepted. Instead of handing over cash or a transaction voucher by the customer. This voucher is then sent to the bank, who then sent the customer a statement saying hour much they owe. The statement usually takes a long time to arrive so the cardholder has time to come up with the money they owe. This is the interest free period, but interest is changed if the account is not cleared in that period. Debit Card A Debit Card is basically a cheque book and cheque card combined. At the point of purchase the money is debited from the customers bank account, after which a transaction voucher has to be signed by the customer so that company knows the right person has used the right card. Also so the company can keep a record of whom has shopped at their establishment. PC5 Importance of security It is very important that financial transactions are recorded clearly and accurately to protect them from theft, fraud and criminal damage . Security checks are there to prevent fraud, theft and to ensure high standards of honesty. By constantly checking records and by special equipment which can detect security checks.

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