Business Administration: Innovation of Credit Cards Essay Example

  • Category:
    Business
  • Document type:
    Assignment
  • Level:
    Undergraduate
  • Page:
    1
  • Words:
    448

3Business Administration

Business Administration: Innovation of Credit Cards

Business Administration: Innovation of Credit Cards

Outline

Introduction

As opposed to the previous year when regulatory factors pressure was law, the current phase of the credit card industry features various instances of innovation. The new trend of disruptive innovation led by mobile, social and data technologies, amongst many others, forces business enterprises to restructure and innovate their activities and services. Credit card industry is one of the many fields where innovation is evident. Improved methods of payment, as well as borrowing, in more efficient and effective ways are some of the features of credit card innovation.

Thesis Statement

The innovation of the credit card industry has improved business administration as well as the quality of services to the society.

Body

Paragraph 1

The cause factors and milestones of credit cards innovation

Paragraph 2

Areas of application of innovated credit cards

Paragraph 3

The benefits of credit cards in the past, impacts of the innovation on the current and future services

Paragraph 4

The benefits of credit cards in the past, impacts of the innovation on the current and future services

Paragraph 5

The benefits of credit cards in the past, impacts of the innovation on the current and future services

Conclusion

The invention of credit cards decades ago changed the quality of consumer services concerning payment and borrowing activities, as well as business administration. The recent innovation in the industry has facilitated the business practices as well as the quality of services to consumers even further.

References

Aker, D, Golter, J, Lamm, B., & Solt, M, 2005. Overview of the recent developments in the credit card industry. FDIC Banking Review, Vol. 17, No. 3, 13-35.

Bagnall, J. & Fllod, D, 2011. Cash use in Australia: New survey evidence. Bulletin, September Quarter 2011. Available from http://www.rba.gov.au/publications/bulletin/2011/sep/pdf/bu-0911-7.pdf

Christiansen, P, 2011. Four Important trends shaping the future of credit cards. First Data Corporation. Available from https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwiy6PHrhP7SAhUrK8AKHaVBA3UQFggbMAA&url=https%3A%2F%2Fwww.firstdata.com%2Fdownloads%2Fthought-leadership%2Fcc-trends-wp.pdf&usg=AFQjCNEdbkeUHLTlruwSIafdp-gwe5bnLg&sig2=RYKPgV6yjQIgTEWG1lQOKQ

Commonwealth of Australia, 2016. Credit cards: improving consumer outcomes and enhancing competition. Australian Government. Available from https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwig1dKEhv7SAhWaOsAKHWNsCjIQFggnMAA&url=https%3A%2F%2Fwww.treasury.gov.au%2F~%2Fmedia%2FTreasury%2FConsultations%2520and%2520Reviews%2FConsultations%2F2016%2FCredit%2520card%2520reforms%2FKey%2520Documents%2FPDF%2FCredit_card_reforms_CP.ashx&usg=AFQjCNEz991i3NwdS40AOZgeN_kFzHN0Hg&sig2=mdxhRAJNcYY2dDiwMSuJtg

Elliot, S. & Loebbecke, C, 2000. Interactive, inter-organisational innovations in electronic commerce. Information Technology & People, Vol. 13, No. 1, 46-66.

New Economics Foundation (NEF), n.d. Financial system impact of disruptive innovation. Working paper for the United Nations Environment Programme inquiry. Available from https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjSquf2h_7SAhVED8AKHY6lAK4QFggrMAA&url=http%3A%2F%2Fapps.unep.org%2Fpublications%2Fpmtdocuments%2FFinancial_System_Impact_of_Disruptive_Innovation.PDF&usg=AFQjCNEfCuJAoZsovn3BBd—dmKscxHE9A&sig2=2Sgo8R8QS2KXm6JOHY1h5g

Tan, WHG, Tan, B.I. & Ooi, KB, 2011. Cash, Credit Card or Mobile phones? Exploring the Intention to Adopt Mobile Credit Card: a Conceptual Model. The 2nd International Research Symposium in Service Management, Yogyakarta, Indonesia, 26-30 July 2011. Available from

Tan, GW, Ooi, KB, Chong, S.C., & Hew, TS, 2014. NFC mobile credit card: The next frontier of mobile payment? Telematics and Informatics, Vol. 31, 292-307.