Month: September 2016

Types Of Online Payment Options

King Cross Adult ShopAs of now, purchasing online is very popular. Apart from providing individuals better access to numerous products, individuals can also pay online. Luckily, when paying online, individuals can also choose what payment method can match their needs. To know more, below are some of the most common online payment options.

Credit card payments

Credit card payments are the most popular payment option online businesses provide. With this type of payment, individuals can easily purchase items. Not to mention, accepting credit card payments builds credibility in the minds of potential buyers. Plus, credit card payment provides you with a fully-automated payment collection and tracking system.

Checks online

Online checks also known as e-checks are virtual checks that allow consumers to pay by check through the Internet. This type of payment is done by filling out a form with personal information, date and amount. After which, buyers will click the send button.

Debit cards

Debit cards can also be used in purchasing online. However, there are some pros and cons in opting for this option. One of the main benefits of using this type of payment is there is no credit card shock when the statement arrives in the mail. On the contrary, using debit cards can be quite dangerous since funds are immediately withdrawn from the purchaser’s bank account.

E-mail payments

E-mail payments allow individuals to use their credit cards or bank accounts to pay through e-mail. By using this type of payment option, clients can maintain their privacy. In addition, this payment method can attractive since it is less expensive than wiring funds bank-to-bank.

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The First U.S Bank And The Banking Crisis

eThe first banks of US – the first bank of the US, Bank of the United States was a central bank founded in the year 1791. This took shape at the initiative of the nation’s first Secretary of the Treasury, Alexander Hamilton. During this time, loaning was hard and the procedure and requirements – strict. This is to ensure that the banks has available cash to meet the unexpected demands of depositors, hence, the bank only made loans available in short-term (30 to 60 days was the norm). Those days, in early federal union, bank organizers needed special permission from the state government to open and operate banks and the Bank of the United States’ congressional charter lasted until 1811. A second bank was created in 1816 and it operated until 1832.

After Bank of the United States went out of business in 1832, the government took supervision of banks which proved to be inadequate. They made loans by issuing their own currency in the form of bank notes, which sometimes made it difficult to detect which ones were sound due to its varieties.

Banking crisis – 1929 was the year of disaster for the banking system. This is due to the onset of worldwide depression and more than 1,000 U.S banks failed due to borrowers defaulted and bank assets showed significant decline in value.

President Franklin D. Roosevelt declared the banking crisis as the first order of business and had banks undergo a bank holiday closing all the country’s banks for examination before being allowed to reopen or be subjected to orderly liquidation.

By June of 1933, a federal deposit insurance was enacted by the congress which covered up to $2,500 per depositor. Additionally, to limit the risks to banks and show the public that banks were and would remain safe, laws regulating bank activities and competition were passed.

Trivia info resource: www.business.hsbc.co.om

Why Road Partitions Are Known As Jersey Barriers

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sea-of-barricades-1529129-1279x852Partition barriers or concrete barriers are one of the things that most people see every day but take it for granted. However, these seemingly simple barriers are actually deceptively sophisticated: they are engineered for one important objective, and that is to ensure that the drivers on both side of the roads are kept safe in the event of a crash.

“Jersey Barriers” is its popular name, but why?

In 1946, the first concrete road barriers where used in California as they replaced the standard wood beam guardrails on Grapevine section of the state’s Ridge route highway. This is a treacherous location known to be the home of the original “Dead Man’s Curve”.

Then in 1949, New Jersey adopted comparable concrete structure and installed them on Jugtown Mountain section. The initial build for these concrete barriers were 19 inches tall and 30 inches wide, and are buried 2 inches deep in the road to provide better stability. These walls showed its effectiveness and has been successful in reducing impact collisions.

New Jersey state highway engineers continued in innovating concrete barriers by changing their designs and sizes eventually settling on a standard design in the year 1959. These designs would be implemented in various states and would bear the name Jersey Barriers as it was the state in which they were developed.