question 3

Case Analysis Requirements: For this case, you are a merchant that sells home improvement items (think Home Depot). Currently you only accept cash but are looking at ways to attract more customers. You have decided to expand your payment options to include card payments but need to decide exactly what options you will offer. Please address the following: 1. Provide an overview and history of the Cards payment syster. Explain and describe the different types of cards (credit, charge, debit, ATM, prepaid) and the card payment process. 2. Discuss the fees associated with card networks. 3. Which card payments system(s) would you implement and why? You can implement more than one. Choose from credit cards, debit cards, prepaid cards. 4. Are you taking on additional risk, eliminating existing risk, or both with your implementation? 5. What impacts will the new system(s) have on your costs, revenues, and customers? 6. Conclusion