Religious Influence on Japanese Art Term Paper Example | Topics and Well Written Essays - 1500 words

Religious Influence on Japanese Art - Term Paper Example Japanese art spans a wide range of media and styles including ancient pottery, wood and bronze sculptures, silk and paper calligraphy, ink painting and performing arts (Nobutaka 52). Japan has historically been subjected to invasions by new and alien cultures, ideas and religions. As the Japanese assimilated and imitated the foreign cultural and religious elements, their forms of art also took a shape influenced by the changes (Tsutsui 104). Although a majority of Japanese people are not exclusively identified as adherents of a certain religion, the strongest indigenous religion is Shinto (Sokyo 89). Buddhism and Confucianism strongly influenced prehistoric Japanese art. It was a representation of nature in a spiritual perspective unlike the secular perspective of scientific realism (Abe 64). Shinto, a form of nature worship has existed from ancient Japan (Sokyo 89). It means the way of the gods. A kami is a Shinto deity (Sokyo 90). Through Shintoism, the Japanese worshipped spirits thought to inhabit in natural phenomena like waterfalls, rocks and mountains. The kami were not initially represented symbolically, but rather, their perceived habitats were demarcated. However, with the adoption of the developed Buddhism and Confucianism styles of art, the Japanese people were prompted to introduce art into Shintoism, creating Shinto sculptures and paintings (Sokyo 101). They also created artifacts used in worship that symbolized kami. These were mostly in the form of protective items and amulets. The protective items and amulets used in the ancient Shinto religion were also a form of art (Sokyo 101). They used small wooden plaques called Ema to write and draw pictures of their wishes and placed them in shrine grounds for the wishes to be fulfilled by the deities (Abe 55). Of uda were religious talismans curved out of wood or formed from paper and metal, with names of kami inscribed on them for delivery of good luck. Paper modeling may also be traced back to daruma, which are paper doll representations of Bodhidharma, an Indian monk (Sokyo 101). The Shinto faithful used them to forward wishes to the kami. Another form of paper modeling is the inuhariko, a paper dog used to pray for good births. The Shinto also molded earthenware bells in the form of zodiacal animals called dorei, for use in prayers for good fortune. In Shinto architecture, the earliest shrines constructed to house ancestral spirits are a suggestion of the outline of single dwelling homes in ancient Japan. Similar to the ancient Japanese domestic homes, the shrines were entirely wooden (Sokyo 102). Japan’s relationship with Korea and China paved the way for the infiltration of artistic techniques and styles (Tsutsui 111). As Buddhism moved from Korea to Japan with it came artistic influences such as Buddhist texts, architecture and icons (Sugimoto 230). Art and craft specialists also migrated to Japan from China and Korea and participated in creating the new arts. With the introduction of Buddhism in the mid 6th century, Buddhist temples and Shinto shrines began to incorporate the same architectural designs. The structure of the Shinto shrines got more elaborate under the Chinese and Korean influence (Sugimoto 230). Since shrines also reflected family dignity, the designs were commissioned by noble families and many more structures were built in Nara and Kyoto cities (Sugimoto 231). Buddhist art in Japan is categorized into periods or eras. It shaped Japanese art from the 6th to the 16th century (Tsutsui 109). The Amida sect of Buddhism laid the foundation of Buddhist art in Japan. Prince Shotoku encouraged Buddhist art in the Suiko period while Emperor Shomu encouraged it in the Nara period of 645 to 784. In these eras, indigenous Shinto arts were taking the shapes of Buddhist arts and architecture, and the demand for Buddhist paintings increased among the wealthy Japanese

War in Iraq on the US economy Essay Example for Free

War in Iraq on the US economy Essay The United States’ minding the business of Iraq has been classified as a good deed by some people especially the people of Kuwait. Here Iraq invaded Kuwait to annex it as one of its provinces under the leadership of Iraq’s Saddam Hussein. However, some quarters feel that this is an invasion into the private affairs of Iraq. One article called the United States under George Bush as the Pentagon Zionists. They both claim that the uninvited meddling of the internal affairs of Iraq has precipitated into weakening of the United States Economy as well as the other countries that have aided them in the war against Iraq. The weakening of the economy has been characterized as the skyrocketing world oil prices caused by the war on Iraq. Likewise, the war in Iraq has been characterized by too much money funneled out of the United States economy and into the war in Iraq. For, it costs money to buy the war planes, war boats, war ammunitions, the hiring of soldiers to go into Iraq and other military operating expenses (Petras, 2005) . Likewise, the United States war on Iraq has similar characteristics with the war it has fought in the prior years such as the Korean War, the Civil War, World War I and World War II. Meaning, the United States’ entry into the warpath shows how a well oiled war machine and ideology based coherent and monetarily blessed few with their highly placed thinkers in the highest policy making organizations of the state can bend official government policy to favor the needs of the foreign power over and against recognized economic interests (Ibid). Further, the oppositionists to the United States’ meddling insists that the generalized invasion of Iraq by the American Zionists against an Arab State and its citizens. The reason for the Iraq Invasion was because the United States wanted to help the Jews of Israel to expand their borders well inside the Palestinian state. For, there is an open agreement between the United States and Israel to push their Zionist influence well into Arab territories. This was code named A Middle East Common Market plan. This was the basic formula adopted for a permanent war in the Middle East. The oppositionists believe that the Zionist want to install their philosophy of free market and democracy. This formula was thought to be heartily embraced by both the liberal and the conservative politicians in the United States thereby depriving the Iraqi people their right to basic democratic rights as well as their own domestic markets(Ibid). Introductorily, some quarters believe that the United States continues to increase their daily losses from money and casualties together with their coalition partner countries with their continued involvement in the Iraq territory’s internal affairs. Some quarters believe that many of the war partners of the United States have already gone home to their own countries leaving the United States and its closest friends behind in Iraq. For the enemies of the United States believe that there are a few Zionists running the government and influencing it to wage war against Iraq. Some quarters believe that the continued presence of the American Forces in Iraq is one of the major forces that caused the devaluation of the United States dollar. Consequently, many of the people inside and outside the United States wants to put an end to the Iraq war by rallying being their message to the United States government to bring back home their sons, fathers, brothers, cousins, neighbors, friends and the like from the war torn district of Iraq. For, many members of the United States military feel that of the disillusionment that the war on Iraq has brought to the soldiers of the United States and their allies from a couple of countries as well as the civilian populations in those countries. The most vocal of which is France who staunchly rallied behind a no –invasion of Iraq policy in the United Nations. The few people in the United States government were so good at selling their plan to send military troops into Iraq (Ibid). In terms of macroeconomics, the United States admittedly suffered large casualties in Iraq and the war debt generated by the United States from their uninvited adventures into Iraq has been growing by an average amount of billions of United States dollars per day. Some quarters believe that the few Zionist people in the United States government were instrumental enough to poison the other members of the government to almost cut their ambassadorial relationship with France and the other European nations that were steadfast in their decision not to interfere with the internal affairs of Iraq. Economically, the main purpose of the United States’ trespassing into Iraq’s territorial jurisdiction was to ensure that the United States would control the privatization as well as the denationalization of the Iraq oil industry. Another goal of the United States’ invasion of Iraq and the removal from power of Saddam Hussein was to decapitate the current European benefits that came from the reconstruction of Iraq not to mention the United States’ plans to give Israel an added advantage in the Middle East. Indeed, the United States’ open stand that it wants to control the world has its consequence of continuous invasions into other countries to expand its empire. Many military think tanks believe that the United States did not take into account the large scale destruction of the assets located in Iraq by peppering some historic buildings with guided missiles and other explosive materials. Likewise, the cost of starting and maintaining a war needs lots of money. This causes the United States money to literally bleed. In addition, the Unites States gives out one of its famous lines that in order to maintain a living space, the maintenance of the controlling presence of the soldiers, politicians and ideologically biased individuals or groups. For, the United States Zionists believe that in order to maintain a peaceful environment to live in, the United States must literary have absolute supreme sovereignty and control. The purpose of this paper is to show that the United States’ decision to pierce the veil of privacy of Iraq by uninvitingly pushing the aircraft missiles’ button was because the United States felt that it had a right to control the oil fields of Iraq. Meaning, there was already a harmonious relationship between United States multinationals in the Petroleum industry and the oil companies in Iraq before the war. Thus, the United States and its few allies ventured into Iraq without thinking beforehand of the large amounts of cash outflows involved in a long protracted war between the United States and Iraq. Also, the attack of Iraq was fueled the ground zero event where many people died. The ground zero event in New York represents people who died when three commercial airplanes were hijacked and rammed into the White house and the twin towers were brought down to ground zero level (rubble).

Rhetorical Analysis Of Tiger Woods Apology Media Essay

Rhetorical Analysis Of Tiger Woods Apology Media Essay By the time he issued his apology speech Tiger woods had realized that his reputation was being tarnished by reports of adultery, domestic violence and unsportsmanlike behavior. He was right about his fame drop because at the time of his apology it had dropped from eighty five percent to thirty three percent. A positive reputation in the society is one of the most valuable assets that an individual can have throughout his life. This is because it makes a person feel confident and feel that he is playing an important role of influencing a certain audience. He was also falling in disfavor with sponsor companies. Most of the consumer product companies like to retain their spokes-personnel as long as they are able to influence their customers to buy the sponsored products and services. In the year 2008, Tiger Woods pocketed $131 million dollars for he was a spokesperson for great companies such as Nike and Gatorade. This value decreased during the first three months of his marital controversy because by February 2010 he pocketed only $ 1 million dollars. This means that within 3 months of his marital controversy, he earned $31.8 million dollars as compared to three months in the year 2008. On February 19, 2010, Woods presented a public apology for his unsportsmanlike behavior to an extensive coverage by the media. In todays society, the praxis of apology is well established. As usual if a public figure is found in an embarrassing quandary that his significance in public life is in jeopardy, he then needs to make a single speech evaluating the situations, to defend his intentions, and to remind the audience of his formerly untarnished reputation and success, using almost unvarying methods and strategies to do so. In his speech, it is evident that Woods had followed this procedure. Linkugal and Ware stated that the audience in such a personal charge appears to be easily and completely contented by the personal responses of the accused. By mediated immediacy, in todays media, all the audience bears witness to personal actions of the cel ebrities. They usually feel like we know the person in question. It was in late November 2009 when media reports all over the world started to talk about the extramarital affairs of Tiger woods, a renowned Golf player. In the consequent drama, Woods crashed his vehicle into a tree and a fire hydrant in an early morning incident. This is how the media speculation and furry about the accident in relation to his extra-marital affair grew in leaps. He later admitted the affairs but snubbed to give further comments saying that he regretted all his transgressions. He therefore claimed that the situation was ultimately personal and was a family matter. It was from that time there emerged several news shows and pundits to comment on his statement giving their opinions and criticisms. The Rhetorical Situation in Woods Apology Woods apology can be termed as a perfect apology despite of some aspects in his statement. To start with, he was reluctant to give any real explanation, but as an alternative, he talked in general terms concerning his irresponsible and selfish behavior. This can be regarded as important because the lack of an explanation left many people questioning whether he understood what actions were erroneous and why. He did not even mention whether he agreed that those actions were wrong. In addition, throughout the apology statement, Woods comments inclined more towards bolstering. For instance he provided details about how his foundation has helped the society. Again, Woods attacked his accusers especially the media for pursuing him and his family. If we try to test genuineness in the apology speech we would find that Woods apology was not from the heart. This is because he read the apology rather than saying it from the heart. Reading means that the statement was not real. Some pundits complained that the way he read his comments indicated that he was not sincere. This is because if a person has to read words, his thinking goes, implying that he is not really feeling those words. Reading reinforces the whole belief that Woods apology was choreographed by his public relations people. In addition, he covered several facts in his apology. The fact that his apology was issued live meant that he had to make sure that he used the correct words to cover each point. We should ask ourselves this question: Would it be bad to read an apology that seems scripted or to forget or mis-state something? I think either way made media to go on with their coverage on Woods. It is believed that a middle ground helped Tiger Woods to demonstrate his sincerity better. He read a short statement and then talked from heart. He never included so many points because it only took him 13 minute to deliver his apology. He later used his website and the social networks to expand some of his points. In addition we cannot forget the role of media in its speculation about performance enhancing drugs. Another criticism of Woods apology is that it was not a normal press conference. This is for the reason that there were no questions and media cameras were limited. This means that his comments went unchallenged and the journalists were not able to explore a number of transgressions including the car crash. Woods defended himself by saying that further details needed not to be discussed in front of the press and they needed to be left out for him to discuss with his wife. Lack of criticism brought up the issue of lack of third party participation. While Woods made an attempt to quell such inquiries by stating that the details were a personal matter for him and his wife to discuss, the criticism about the lack of questions brings up the issue of participationparticularly third-party participation. An extra notable criticism of this apology is the fact that it was tightly controlled. As stated earlier in the essay, no questions were allowed and cameras were limited. As far as these criticisms relate to prohibition of third party participation we cannot deny the significance of power in apologetic rhetoric. Literature Review What is an apology? An apology can be defined as public speech that is produced whenever a high-flying person tries to repair his character after it has been damaged by his or her negative behavior. There appears to be differences between the branches of discourse in an apology. Even though rhetorical analysts put it in the forensic subdivision of rhetoric, when it comes to moral character issues, the rhetoric is defined into the domain of epideictic discourse. There is a great deal of blaming and praising that goes on in apologies. Models of apologies In this essay, there are various theories of apologies that can be broken down into various categories. In a sequential order they are: four similarities by Rosenfield, four factors of apologetic strategies by Ware and Linkugal, apologia and Ryans kategoria. They have been combined and explored over the years by scholars. Rosenfields rhetorical model stated that there are four common similarities when people broadcast an apology: a verbal attack on the critics, a sharp and short controversy, facts and data placed on the speech and statements of apology that comprises of earlier statement. This theory does not apply to the apology that was made by Tiger Woods. The degree to which Woods repeated previous statements is still open to debate, as is the magnitude of the criticism made by the media. Additionally, although he did counter-attack the media, there lacked any facts or data in the center of Woods rhetorical sandwich. Ware and Linkugals approach perceived apology as a combination of four groups of factors which are differentiation, denial, transcendence and bolstering. Differentiation is the act of stating that the wrong act does not apply to the situation in a bid to separate the negative contents from the charge or to putting aside those negative issues. Denial is the act of denying the wrong doing or denying any intention to do wrong. Bolstering is the tendency of the speaker to identify with something that is favored by the audience. Finally, transcendence is the tendency of saying that the charge should not be viewed as a big issue. When evaluating the rhetoric theories in relation to Woods apology, these four factors seem to have merit in this specific case. In his model Ryan stated that checking each speech with another critic enables one to tell apart the vital issues from the bogus ones. It also aids in evaluating the merits of both speakers supplements. In addition, the critic is in a position to make relevant assessments of the relative success and failure of the speakers in relation to the final outcome of the speech. Consequently, a critic cannot comprehend an apology without thwarting them both. The relationship between kategoria and apologia on the face of it seems so obvious. But the reality is that the two are not linked in relation to the current public events. Sharon Downey has studied a genre of apologia. In her findings, she claims that as rhetorical situations are changing, so is the genre of apologia. For example, Downey states that the historical apologists used to adjust to the futility of argument. In this research, it is stated that the drama that bound the audience and the accused accuser in the conventional period has given way to the alienation of the audience, confusing accuser and the aversive apologist. In modern times charges against the accused are not explicit but are implied frequently emanating from innuendo and rumors. In addition, modern-day apologists lack a defined opponent. Usually, instead of being viewed sympathetically, apologies which are defensive are viewed with contempt. Statement of sorrow In all accounts, an apology should contain a statement of sorrow. For instance, according to the process of any apology should contain the acknowledgement of the offense, the explanation, communication of remorse and a promise of reparations. According to in an apology, the accused should acknowledge his wrongdoing, he should accept responsibility, he should be seen to express remorse and regret, and he should promise compensation and an intention to refrain from the vice. There are eight characteristics of a moral apology: admitting that one is wrong, apologizing for the act, taking responsibility for the wrong act, refraining from justifying the act, asking for forgiveness from the victim, admitting that the victim deserved a better treatment, assurance to the victim that such an act will not be repeated and finally offering amends. These statements of sorrow are referred to as termed mortification. This is where the offender acknowledges his wrong behavior and asks for forgiveness through an apology. If we critically look at Woods apology we can identify some of these aspects. Severally in the apology, woods admitted that his manners were wrong and he accepted personal and direct responsibility for his behavior. Secondly, on multiple times, Woods admitted that he was deeply sorry for his actions. He went further to acknowledge the harm that his behavior had caused to multiple people and organizations. This aspect of Woods apology helped in mending relationships by identifying the sufferers, reinforcing the sufferers version of history and admitting that the sufferers deserved a better treatment. Dating celebrities The TV shows us emotions through tears and laughter. This is done through the use of close ups which we see in our homes. This is the most intimate information that one can have about a person. According to because people have shared in celebrities lives, they feel like they know them, and so they judge them using the same criteria they use when they select their friends. They do not reject their intimates or their potential loved ones because they have weak resumes. They embrace their warm personalities and they even treat their serious politicians in this manner. In this relation, they are dating their celebrities . The closeness and immediacy that the television brings them, allows them to see more private lives of their celebrities thus eliminating a good deal in their mystery. This is echoed in politicians, who argue that the society does not respect them as much after their real life situation is shown. The reality is that people do not respect them as much; but they are all too familiar with their celebrities foibles. Generic Methodology In rhetoric analysis, the generic criticism is the style of analysis where the artifact is judged with reference from other examples in the same genre. The judgment can also be made on the basis of the existing elements within the genre itself. Simply, this means that generic criticism is a rhetorical analysis of an artifact through the eyes of a given genre. According to Kathleen rhetorical artifacts such as union messages, apologies, gallows, speeches and press conferences are some of the examples which can be well analyzed using the generic methodology. This is because it generic methodology attempts to identify forms of rhetoric through the similar attributes or functions of individuals or members of a particular group. In this essay, generic methodology is the most relevant methodology that can be applied. The main rationale for this is that this is an apology which was made in a press conference. In previous apologies, such as Nixon resignation speech, the methodology was applied. The methodology enables the critic to discover the substance and the form of the artifact therefore providing the additional insight in the functioning of the genre. In this case, the methodology will enhance the understanding of Woods apology. This will make it easy to identify the genre by category. Since this apology was dependent on the media coverage, the methodology will help to give out important revelations by use of some carefully controlled questions and answers. The methodology will establish a common characteristic through comparing Woods apology with other previously related statements. Such statements will include Nixons resignation statements and presidential inaugural speeches. The comparison will help in revealing anything useful about one or both artifacts of the genre. The comparison gives a holistic report of the artifacts rather than relying on one aspect such as history. Analyses and Comparisons Evaluation and the analysis of an apologetic rhetoric can be broken down into two elements namely the manner and the content. To start with the content, an apology should acknowledge the wrong act, take responsibility, convey regret, empathize with the victim, request for forgiveness and reconciliation, explain the relevant information in relation to concerns and questions, offer reparations and corrective actions. The greater part of Woods apology met some of these elements with the exception of how he gave detailed information concerning his marital unfaithfulness. This exception can make one to question whether that information was really important when told to the public. However, in terms of manner, an apology should be truthful, timely, sincere and voluntary. In the case of Tiger Woods lack of these elements makes his apology to be easily criticized. He took too long to issue an apology and was insincere when he was forced by circumstances to deliver one. As earlier stated in t he methodology, generic criticism tries to compare two types of artifacts in an effort of determining the common characteristics between artifacts that define a certain genre. Gerald Wilson broke Nixons resignation speech in to various themes while he was analyzing it. He wanted to know the percentage of time that the apologist used in satisfying each theme. The themes included thanking the supporters, attacking the accusers, bolstering, pledging for future actions and mortification. From his finding, Nixon spent 2.5% of his time in mortification, 19% pledging future actions, 26% bolstering, 7% thanking his supporters and he never attacked his accusers. To make up to a 100% the rest of his time maybe he was silent or doing something else that was not related to the apology. This can be compared to Woods apology. Woods spent 32.50% in mortification, 35% pledging for future actions, 4% bolstering, 20% attacking his accusers and 9% thanking his supporters. The figure below illustrates further. Figure 1. A comparison of Tiger Woods apology and Nixons resignation speech Figure 1 shows a comparison of the percent of time that Nixon and Tiger woods spent while speaking in rhetorical subgroups. Interestingly, the two speeches are approximated to be almost of the same length. Another interesting point is that they both spent almost the same time to thank their supporter but they completely differed in the attack of their accusers. This supports the observation made by Downey that counterattacks have become a contemporary discourse convention in apology. Attacks on the accusers are inevitable in modern apologies which are broadcasted to the public. In woods case, the main accusers were the media and he spent 20% of his speech attacking them. Nixon had spent only 24 seconds out of 16 minutes admitting his wrongdoing. This disappointed his listeners for they expected Nixon to admit that he had wronged or to attack his accusers. He did neither. This can be termed as non- admission of wrong doing. Nonetheless, Nixon had set a non-verbal tone of conciliation and dignity. There is another rhetorical maneuver by Jerry Falwell after he took over the operation of PTL after the resignation of Jimmy Bakker. He bolstered the perception of the congregation of his character through describing the financial situation of PTL in financial terms such as fiduciary responsibility and financial statements. This suggested that in spite being an expert in the spiritual matters, he was also an expert in the financial matters. Falwell transcended the charges of his incompetence to lead the church, by stating that the almighty Lord would not allow him to quit. Likewise, Tiger Woods bolstered his character by talking about his foundation and he transcended the accusations by stating that the affairs he had were private family matter between him and his wife. He also claimed that the media was hounding him. Walter Fisher linked discourse to motive. Discourse seeks to rejuvenate, discover, purify or subvert an image. An apology has a motivation of purification. Fisher discussed Nixons speech and compared it with Woods speech. The ethics of Nixon had been attacked. By identifying himself with the American values, Nixon purified himself. There are four important steps in Nixons speech. He started by denying that he was wrong, he endorsed his personal ethos of hard work, humble roots and loyalty. He then attacked his opponents and finally he reiterated his affection for America. On the other hand, Woods admitted his wrong act, endorsed his personal ethos for the concern of his family and public good works. He attacked the media especially Paparazzi and he finalized by confirming that he will be committed to golf and he would continue being a player and thanking the PGA tour executives and the golf players. Nixons response was tremendously favorable as compared to Woods response. There was a survey that was conducted on 3rd March 2010 that stated that 54% of the respondents believed in Woods apology and the rating of this approval was unchanged. Equivalence can be drawn between Bill Clinton, Jimmy Swaggart and Tiger Woods. Each of these celebrities was accused of adultery. In addition, each of their scandal brought forth something extra making the whole issue titillating. Woods had been attacked by his wife with a golf club. Bill Clinton was the American president and Falwell was a religious figure. Clintons scandal can be evaluated as character and sex implication in a mass mediated presidency. Most citizens of America believed that the American president was a womanizer and a draft-dodger. This was different in Woods case because of his charitable activities and with his smile he was better off to commence his apology than in the case of Bill Clinton. In Clintons case, the popular perception resulted from the fact it was his wife that he had harmed the most and if she failed to forgive him, the public would not agree to forgive him. In 1992, Clinton used two rhetorical strategies which helped him to convince the public to put the past behind and focus on the current and future events. These strategies were: public private distinction and a timeline or life pattern. These strategies helped Clinton to separate his status from his character. Ethos is the most powerful way of persuasion. Bill Clinton later triumphed over his scandal though as earlier stated, his ethos was less creditable than Woods. Still on analysis, it is important to analyze the strategies that Woods used in the delivery of his apology speech. To start with on February 19, 2010, Woods delivered a fourteen minutes speech which had a sentence length of 12.3 and 1540 words. In average, a written sentence is made of 15-23 words and a spoken sentence has ten words in length. In his speech, Woods used the active voice and only 2% of his speech that contained passive voice constructions. His speech could read or could even be understood by a child in as low as fifth grade. Woods speech could have been perceived as arrogant and pompous if he had decided to use polysyllabic words. If he would have wanted to sound like a dictionary or an encyclopedia the public could have gotten a negative feeling about him. A writer or a speaker communicates his credible ethos only when his upright character, goodwill and intelligence are projected to his audience. This can be achieved though correct choice of words, use of body langu age, use of the correct tone of voice among many other communication techniques. It is not authentic in an apology to say if I gave any offence. There were some suggestions by the media on the correct outfit that best suited the apology. Some said that Woods should wear a brown or middle blue jacket for the television and a pastel shirt so to appear off-white on the television. The best shirt that was recommended was light blue shirt. ABC news anchor; Chris Connelly said that Woods could wear a clean shirt and a sports coat without a tie. Woods combined these two in his outfit. He wore a light blue shirt, a dark jacket without a tie. Axtell recommended Woods to apply make up to reduce the shining of the face (Axtell 67). It was also recommended that Woods should maintain his eye contact with the audience to display his honesty. Little eye contact displays dishonesty. In addition any speaker should avoid looking upwards for it makes the speaker appear as if he is asking God for help. During his speech, Woods preferred to put his hand over his heart. This is a clear rhetoric of his body language. Non-verbally, he pledged to the audience that he will behave in a manner that will make them to trust him. At the start of his speech, he greeted his audience and he thanked the audience for joining him. This clearly means that Woods admitted that he was not better than the crowd and that is why he was thankful for their attendance. After that he said : Many of you in the room are my friends. Many of you in this room know me. Many of you have cheered for me, or worked with me, or supported me, and now, every one of you has good reason to be critical of me. From the quote above and throughout the speech, Woods repeated many of you at the beginning of sentences. This can be termed as anaphora. At the end of many phrases he used the word me which is epistrophe. There are other prepositions that he used such as of me, with me, know me and for me. Figures of speech provide the tools required in communication goodwill, upright character and intelligence and as Aristotle said they need to be projected. The figures of speech, visual ethos are essential tools for building an effective verbal ethos. Later in the speech, Woods used trope of euphemism when he said I had affairs. The word affair is much better than using the word adultery. The rhetorical discourse can be broken down to four sub-groups in relation to organizational schema of rhetorical discourse. Archetypal classification as according to is one of the subgroups that appears to fit in Tiger Woods apology speech. This is when the speech depends on persuasion images that are embedded i n the minds of the audience. If we use this theory on Tiger Woods we can see him casting himself as the protector of his family when he said that it annoyed him when he came to know how people have fabricated such a story (about his affairs) and when he said that he is the shield of his family from public spotlight. The role of protector of children and women is an image that Woods used to his advantage. It is very obvious that many people belief that a man is the protector of his family. This was not spoken but it is an image planted in the minds of many people. Summary of the Major Findings Tiger Woods apology can be termed as a outstanding apology despite of some aspects in his statement. To start with, he was reluctant to give any real explanation, but as an alternative, he talked in general terms concerning his irresponsible and selfish behavior. This can be regarded as important because the lack of an explanation left many people questioning whether he understood what actions were erroneous and why. He did not even mention whether he agreed that those actions were wrong. In addition, throughout the apology statement, Woods comments inclined more towards bolstering. Woods comments went unchallenged because the journalists were not able to explore a number of transgressions including the car crash. Woods defended himself by saying that further details needed not to be discussed in front of the press and they needed to be left out for him to discuss with his wife. Lack of criticism brought up the issue of lack of third party participation. In the apology, woods admitted that his manners were wrong and he accepted personal and direct responsibility for his behavior. Secondly, multiple times, Woods admitted that he was deeply sorry for his actions. He went further to acknowledge the harm that his behavior had caused to multiple people and organizations This aspect of Woods apology helped in mending relationships by the way he identified the victim, reinforced the victims version of the story and admitted that the victim deserved a relatively better treatment. Tiger woods apology can be compared to Nixons. Tiger Woods bolstered his character by talking about his foundation and he transcended the accusations by stating that the affairs he had were private family matter between him and his wife. He also claimed that the media was hounding him. He attacked the media especially Paparazzi and he finalized by confirming that he will be committed to golf and he would continue being a player and thanking the PGA tour executives and the golf players. On the main strategies that Woods used we can start with denial which was manifested through simple denial and shifting the blame. Secondly, he evaded responsibility through provocation, accident, defeasibility which made him to lose his adherence to the Buddhist faith. Thirdly, Woods reduced his offensiveness of event through bolstering where he promoted his foundation. He transcended when he said that the events were a marital issue and he attacked the accuser by saying that the media lied and stalked. He promised to correct his actions through seeking therapy and regaining his faith. Finally, in his mortification, he apologized and promised to stop playing golf temporarily. Recommendation for Further Research An interesting future study resulting from this circumstance should test the audiences appraisal of the actual wording of Woods statement versus the visual performance of his apology. By this it means testing one groups view of Woods and his apology after watching a video of his apology, and then weighing against the view of another group which only hears a broadcast.

Elizabeth Inchbald’s A Mogul Tale Essay -- Mughal Tale

Elizabeth Inchbald’s A Mogul Tale The year 1784 found an earnest young female playwright, Elizabeth Inchbald, sitting down to pen what would become her â€Å"first success as a writer† humbly titled A Mogul Tale.1[1]. The story involves what appears to be an outlandish plot, since it is a farce which revolves around a party of London ballooners who accidentally land in the seraglio of a great mogul2[2]. But applied research finds that Mrs. Inchbald had indeed done her homework, for the dynasty of the Mughals (as modernity has changed the spelling) really did exist. In researching the great Mughal Dynasty in India, one finds that Inchbald’s work appears to be less fantastic, and even more plausible as an event that could have, indeed, happened, although the thought that a primitive Eighteenth Century balloon would have probably not been able to fly the distance that Inchbald’s work suggests. The Mughal Dynasty was a line of Muslim emperors who reigned in India from 1526 to 1858.3[3] The line began with Babur as the first great Mughal emperor. He was a descendant of the Turkish conqueror Timur on his father's side and of the Mongol (in Persian, mughal) conqueror Genghis Khan on his mother's side.4[4] Babur came to power with the defeat of Ibrahim Lodhi in the first battle of Panipat.5[5] During his reign as the Mughal, Babur extended his empire to Punjab and Bihar.6[6] Babur served as the Mughal for only four brief years, but he left his imprint on the whole of his empire for years to come. His reign came to an end in 1530 with his death, at which time he was succeeded by his son Humayun. Humayun reigned for only ten years before being defeated by Sher Shah, an Afghan who ruled north India for fifteen years in ... ...Web: (http://rubens.anu.edu.au/student.projects/tajmahal/mughal.html) 4[4] Lashkari. 5[5] Deepali, Naren. The Mughal Dynasty [online]. 2003- [cited 18 November 2003]. Available on World Wide Web: (http://www.geocities.com/narenp/history/history/mughal.htm) 6[6] Deepali. 7[7] Lashkari. 8[8] Lashkari. 9[9] Lashkari. 10[10] Deepali. 11[11] Lashkari. 12[12] Deepali. 13[13] Lashkari. 14[14] Lashkari. 15[15] Deepali. 16[16] â€Å"Aurangzeb Alamgir’s Reign.† The Story of Pakistan [online]. 2003- [cited 17 November 2003]. Available on World Wide Web: (http://www.storyofpakistan.com/articletext.asp?artid=A019) 17[17] Lashkari. 18[18] Deepali. 19[19] Lashkari. 20[20] Holt, P.M. â€Å"The Mughals.† A Dictionary of Eighteenth Century World History. Black, Jeremy and Roy Porter, eds. 1994. Oxford: Basil Blackwell Ltd. 21[21] â€Å"Aurangzeb Alamgir’s Reign.† 22[22] Deepali.

Philosophy - The Only Truth Ex :: essays research papers

"We are, then, faced with a quite simple alternative: Either we deny that there is here anything that can be called truth - a choice that would make us deny what we experience most profoundly as our own being; or we must look beyond the realm of our "natural" experience for a validation of our certainty." A famous philosopher, Rene Descartes, once stated, "I am, [therefore] I exist." This statement holds the only truth found for certain in our "natural" experience that, as conscious beings, we exist. Whether we are our own creators, a creation, or the object of evolution, just as long as we believe that we think, we are proved to exist. Thinking about our thoughts is an automatic validation of our self-consciousness. Descartes claims, "But certainly I should exist, if I were to persuade my self of something." And so, I should conclude that our existence is a truth, and may be the only truth, that we should find its certainty. From the "natural" experiences of our being, we hold beliefs that we find are our personal truths. From these experiences, we have learned to understand life with reason and logic; we have established our idea of reality; and we believe that true perceptions are what we sense and see. But it is our sense of reason and logic, our idea of reality, and our perceptions, that may likely to be very wrong. Subjectiveness, or personal belief, is almost always, liable for self-contradiction. Besides the established truth that we exist, there are no other truths that are certain, for the fact that subjective truth may be easily refuted. Every person possesses his or her own truth that may be contradicting to another person’s belief. A truth, or one that is true for all, cannot by achieved because of the constant motion of circumstances of who said it, to whom, when, where, why, and how it was said. What one person may believe a dog is a man’s best friend, another may believe that a dogs is a man’s worse enemy. What one may believe is a pencil, to another is not a pencil, but a hair pin. Where one may believe that a bottle is an instrument, one may believe is a toy, where another may believe is a beverage container. Where one will understand the moving vehicle "car," one might understand "car" as a tree.

Charlie as the Victim of Circumstance in F. Scott Fitzgeralds Babylon

Charlie as the Victim of Circumstance in F. Scott Fitzgerald's Babylon Revisited The story's protagonist, Charlie Wales, is less a victim of bad luck than of circumstance, both socio-economic and personal. Charlie does not deserve Marion's continued denial of custody of his daughter, but the story is less about what Charlie does or does not deserve than how easily one's life can spin out of control due to unforeseen circumstance. Marion and Charlie dislike each other on a visceral level. Marion's feelings are not solely caused by Charlie's alcoholism and past behavior. She focuses upon Charlie a hatred borne of her resentment of her family's financial situation, as evidenced by Lincoln's comment to Charlie over lunch: "I think Marion felt there was some kind of injustice to it-you not even working toward the end, and getting richer and richer." (p. 15) Her hatred is also fueled by her physical illness and her unfounded belief that Helen's marriage to Charlie was not happy. When Charlie locked Helen out during a snowstorm and Helen later became ill from exposure, Marion felt ...

Electronic Payment System

UNIT – 3 Electronic Payment System Contents †¢ What is E-payment? †¢ Types of E-payment Systems †¢ Digital Token-based Electronic Payment Systems †¢ Smart Cards & Electronic Payment Systems †¢ Credit Card-based Electronic Payment Systems †¢ Risk & Electronic Payment Systems †¢ Designing Electronic Payment System What is E-payment ? †¢ E-payment systems is the mechanism of transferring money over the Internet and technology used in this transfer is called as EFT. EFT defined as â€Å" any transfer of fund initiated through an e-terminal, telephonic instrument, or computer or magnetic tape to order, instruct or authorize a financial institution to debit or credit an account. It is mostly used for Business to business (B2B) commerce where companies doing business together tend to use electronic data interchange (EDI) system to send each other bills and notices of payment. E-Payment †¢ Information online offline $Products/services Adva ntages of E-Payment †¢ †¢ †¢ Increase payment efficiency – Reduce transaction costs – Enable trade in goods and services of very low value Increase convenience of making payments – Payment can be made swiftly and remotely using various devices Can be used for – e-commerce / e-Trade – For other purposes like paying bills, taxes, etc MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 1Categories of EFT Banking and financial payments * Large-scale or wholesale payment * Small scale or retail payment * Home banking Retailing payments * Credit cards * Debit cards On-line electronic commerce payments * Token-based payment system ~ Electronic cash ~ Electronic checks ~ Smart cards or debit cards * Credit card-based payment systems ~ Encrypted credit cards ~ Third-party authorization numbers Main factors when selecting e-payment method †¢ Availability (bank system, laws and regulations) †¢ The consideration of size and type of business, type of a target group of consumers, types of products and services. The ability to provide security against fraudulent activity †¢ Being cost effective for low value transaction fees †¢ Being protective of the privacy of the users †¢ Easy to use, and being convenient for purchasing on the web based e-business Token-based E-Payment Systems Electronic tokens are the new financial instruments which are in the form of electronic cash/money or checks.Electronic tokens are same as cash that is backed by bank. They are of three types: 1. Cash or real-time ( e-cash) 2. Debit or Prepaid (smart cards, e-purses) 3. Credit or Postpaid (credit/debit cards, e-checks) E-cash Electronic cash is a consumer-oriented electronic payment. Though it replaces the cash but still cash is quite dominant form of payment for three reasons: 1. Lack of trust in banking system 2.Inefficient clearing and settlement of non-cash transaction 3. Negativ e real interest rates paid on bank deposit Advantages of cash over credit cards †¢ It is negotiable †¢ Cash is a legal tender †¢ Cash is a bearer instrument †¢ It need require bank account to operate †¢ No risk on the part of acceptor that the medium of exchange may not be good MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 2Properties of e-cash E-cash must have following four properties: Monetary values: Interoperability Retrievability Security E-cash in Action †¢ E-cash based on cryptographic systems called â€Å"digital signature† †¢ †¢ †¢ This method involves pair of two numeric keys (very large number or integer) that work in tandem (cycle): one for encoding and another for decoding. Message encoded with one numeric key can only be decoded with other numeric key and none other. The encoding key is kept private while the decoding key is made public. E-checks †¢ E-checks are a nother form of electronic tokens. †¢ †¢ A new electronic version of paper check. E-check is an instruction to a financial institution to pay a given amount of money to the payee. It is a specially formatted email message sent over the Internet. It contains as the same information as on paper based check. Check service providers PayByCheck (http://www. paybycheck. com) CyberSource (http://cybersource. com) Transaction Payment Sequence in E-check system Payer Transfer e-check Payee Deposit e-check Forward e-check for payer authentication Bank Accounting Server MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof.Vanita Joshi, SOM, SIMS, Indore 3 Transaction Payment Sequence in E-check system †¢ Buyer must register with third party account server using electronic check. †¢ On receiving the check, the seller presents it to accounting server for verification and payment. †¢ The accounting system verifies the digital signature on the check. †¢ Proper ly signed and endorsed checks can be electronically exchanged between financial institutions through electronic clearing house. Advantages of E-Check †¢ They work in the same way as traditional checks. †¢ E-checks are suited for micro payments. Eliminate the need for expensive process reengineering and taking advantage of the banking industry. †¢ Financial risk is assumed by accounting server. †¢ E-checks create a float through third-party accounting server. They make money out of buyers and sellers transaction by providing deposit account. Difference b/w EFT and E-check †¢ In E-Cheque, electronic versions of the cheque are issued, received & processed. So, payee issues an E-Cheque for each payment. †¢ In EFT transfer automatic withdrawals are made for monthly bills or other fixed payments; no cheques are issued.Smart cards †¢ A smart card is a plastic card with an embedded microchip containing information about you. †¢ A smart card can store about 100 times the amount of information that a magnetic strip plastic card can store. †¢ A smart card contains private user information, such as financial facts, private encryption keys, account information, credit card numbers, health insurance information, etc. †¢ So far not successful in U. S. , but popular in Europe, Germany, Singapore and Japan to pay for public phone call, transportation.Mondex Smart Card †¢ Holds and dispenses electronic cash (Smart-card based, stored-value card) †¢ Developed by MasterCard International †¢ Requires specific card reader, called Mondex terminal, for merchant or customer to use card over Internet †¢ Supports micropayments and works both online and off-line at stores or over the telephone †¢ Secret chip-to-chip transfer protocol †¢ Loaded through ATM – ATM does not know transfer protocol; connects with secure device at bank MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi , SOM, SIMS, Indore Mondex Smart Card Processing Mondex Smart Card †¢ Disadvantages – Card carries real cash in electronic form, creating the possibility of theft – No deferred (overdue) payment as with credit cards – cash is dispensed immediately Types of Smart cards Smart cards are basically of two types: 1. Relationship-based Smart Cards 2. Electronic Purses and Debit Cards Relationship-based Smart Cards It is the enhancement of existing card services that offer customers far better options like: 1. Access to multiple accounts (debit, credit, e-cash) on one card. 2.Offer various functions ( cash access, bill payment, balance inquiry, fund transfer) 3. Multiple access options at multiple location using multiple access device (ATM, PC, PDA or screenphone etc) Electronic Purses and Debit Cards Electronic Purses or E- wallet are the smart cards embedded with programmable microchip that store sum of money instead of cash. Once a purse is loaded with money it require card reader vending machine which verifies its authenticity . Then after amount is deducted from balance. It shows the remaining balance on the card hence eliminate the small bill in busy stores.E-wallets when depleted can be recharged with money . MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 5 Credit cards-based e-payment system Credit Cards †¢ A credit card is a small plastic card issued to users dealing in e-commerce. Most credit cards are the same shape and size, as specified by the ISO 7810 standard. †¢ A credit card is different to a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant.Credit cards-based e-payment system Customers who purchase any goods send their credit card details to the service provider involved and the credit card organization will handle thi s payment. Online credit card payment has following categories: 1. Payment using plain credit card details 2. Payments using encrypted credit card details 3. Payment using third-party verification Entities involved in Credit card Transaction Consumer (Buyer or Card holder) Merchant (Seller) Card Issuer (Consumers’ Bank) Acquirer or Principal (Merchant’s Bank) Card Association (Visa, Master Card etc) Third party processor How an Online Credit Transaction WorksEncryption and Credit cards Encryption process starts when credit card information is entered into a browser and sent securely over network between buyer to seller. Encryption process includes following steps: 1. Customer presents his credit card information securely to merchant. 2. Merchant validates the authenticity of card holder 3. Merchant relays this information to its bank or on-line card processor. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 6 4. The bank r elays the information to customer’s bank for authorization approval 5.The customer’s bank returns the credit card , charge authentication and authorization to the merchant Processing Payment with Encrypted Third-party authorization and Credit cards In third party processing, consumer register with third party on the internet to verify emicrotransaction. The companies providing third party payment service on internet are: ( First Virtual) †¢ http://www. fv. com †¢ http://www. openmarket. com †¢ http://www. 2checkout. com/ †¢ http://www. paypal. com/ Payment can be made by credit card via clearing house.Online Third-Party Processor (OTPPs) has following steps for buying information online. 1. Consumer registers for an OTPP a/c that is backed by credit card. 2. To purchase customer request merchant by her OTPP account no. 3. Merchant then contact the OTPP payment server with customer’s account no. 4. OTPP payment server verifies the customerâ₠¬â„¢s account no. for vender (merchant) & checks for sufficient funds. 5. OTPP server send a message to buyer that can be responded back by buyer as ; yes/agree; No/disagree; fraud. 6.If OTPP gets ‘Yes’ from customer, merchant is informed & then customer is allowed to download material. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 7 Online Payment Processing using a Third-party Processor Risk in using Credit cards †¢ Customer uses a stolen card or account number to fraudulently purchase goods or service online. †¢ Many people who will be on the Internet have not even had their first Web experience. †¢ Hackers find the ways into an e-commerce merchant’s payment processing system and then issue credits to hacker card account numbers. Many users are also likely to be younger and have less access to credit and debit cards †¢ Many purchases they make will be micropayments. †¢ Credit cards canno t be used for large sums of B2B transactions †¢ Customer falsely claims that he or she did not receive a shipment Limitations of Online Credit Card Payment Systems †¢ Security – neither merchant nor consumer can be fully authenticated. †¢ Cost – for merchants, around 3. 5% of purchase price plus transaction fee of 2030 cents per transaction. †¢ People living in rural areas don’t have same access to computers and Internet that others do. Social equity – many people do not have access to credit cards (young and old age), disabled, individuals who are not computer savvy and individuals who cannot afford cards ( poor credit risk). Designing Electronic Payment Systems Following criteria should be satisfied while designing any new E-payment System: 1. Privacy 6. Pricing 2. Security 7. Standards 3. Intuitive Interface 4. Database Integration 5. Brokers MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Ind ore 8 Electronic Payment System UNIT – 3 Electronic Payment System Contents †¢ What is E-payment? †¢ Types of E-payment Systems †¢ Digital Token-based Electronic Payment Systems †¢ Smart Cards & Electronic Payment Systems †¢ Credit Card-based Electronic Payment Systems †¢ Risk & Electronic Payment Systems †¢ Designing Electronic Payment System What is E-payment ? †¢ E-payment systems is the mechanism of transferring money over the Internet and technology used in this transfer is called as EFT. EFT defined as â€Å" any transfer of fund initiated through an e-terminal, telephonic instrument, or computer or magnetic tape to order, instruct or authorize a financial institution to debit or credit an account. It is mostly used for Business to business (B2B) commerce where companies doing business together tend to use electronic data interchange (EDI) system to send each other bills and notices of payment. E-Payment †¢ Information online offline $Products/services Adva ntages of E-Payment †¢ †¢ †¢ Increase payment efficiency – Reduce transaction costs – Enable trade in goods and services of very low value Increase convenience of making payments – Payment can be made swiftly and remotely using various devices Can be used for – e-commerce / e-Trade – For other purposes like paying bills, taxes, etc MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 1Categories of EFT Banking and financial payments * Large-scale or wholesale payment * Small scale or retail payment * Home banking Retailing payments * Credit cards * Debit cards On-line electronic commerce payments * Token-based payment system ~ Electronic cash ~ Electronic checks ~ Smart cards or debit cards * Credit card-based payment systems ~ Encrypted credit cards ~ Third-party authorization numbers Main factors when selecting e-payment method †¢ Availability (bank system, laws and regulations) †¢ The consideration of size and type of business, type of a target group of consumers, types of products and services. The ability to provide security against fraudulent activity †¢ Being cost effective for low value transaction fees †¢ Being protective of the privacy of the users †¢ Easy to use, and being convenient for purchasing on the web based e-business Token-based E-Payment Systems Electronic tokens are the new financial instruments which are in the form of electronic cash/money or checks.Electronic tokens are same as cash that is backed by bank. They are of three types: 1. Cash or real-time ( e-cash) 2. Debit or Prepaid (smart cards, e-purses) 3. Credit or Postpaid (credit/debit cards, e-checks) E-cash Electronic cash is a consumer-oriented electronic payment. Though it replaces the cash but still cash is quite dominant form of payment for three reasons: 1. Lack of trust in banking system 2.Inefficient clearing and settlement of non-cash transaction 3. Negativ e real interest rates paid on bank deposit Advantages of cash over credit cards †¢ It is negotiable †¢ Cash is a legal tender †¢ Cash is a bearer instrument †¢ It need require bank account to operate †¢ No risk on the part of acceptor that the medium of exchange may not be good MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 2Properties of e-cash E-cash must have following four properties: Monetary values: Interoperability Retrievability Security E-cash in Action †¢ E-cash based on cryptographic systems called â€Å"digital signature† †¢ †¢ †¢ This method involves pair of two numeric keys (very large number or integer) that work in tandem (cycle): one for encoding and another for decoding. Message encoded with one numeric key can only be decoded with other numeric key and none other. The encoding key is kept private while the decoding key is made public. E-checks †¢ E-checks are a nother form of electronic tokens. †¢ †¢ A new electronic version of paper check. E-check is an instruction to a financial institution to pay a given amount of money to the payee. It is a specially formatted email message sent over the Internet. It contains as the same information as on paper based check. Check service providers PayByCheck (http://www. paybycheck. com) CyberSource (http://cybersource. com) Transaction Payment Sequence in E-check system Payer Transfer e-check Payee Deposit e-check Forward e-check for payer authentication Bank Accounting Server MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof.Vanita Joshi, SOM, SIMS, Indore 3 Transaction Payment Sequence in E-check system †¢ Buyer must register with third party account server using electronic check. †¢ On receiving the check, the seller presents it to accounting server for verification and payment. †¢ The accounting system verifies the digital signature on the check. †¢ Proper ly signed and endorsed checks can be electronically exchanged between financial institutions through electronic clearing house. Advantages of E-Check †¢ They work in the same way as traditional checks. †¢ E-checks are suited for micro payments. Eliminate the need for expensive process reengineering and taking advantage of the banking industry. †¢ Financial risk is assumed by accounting server. †¢ E-checks create a float through third-party accounting server. They make money out of buyers and sellers transaction by providing deposit account. Difference b/w EFT and E-check †¢ In E-Cheque, electronic versions of the cheque are issued, received & processed. So, payee issues an E-Cheque for each payment. †¢ In EFT transfer automatic withdrawals are made for monthly bills or other fixed payments; no cheques are issued.Smart cards †¢ A smart card is a plastic card with an embedded microchip containing information about you. †¢ A smart card can store about 100 times the amount of information that a magnetic strip plastic card can store. †¢ A smart card contains private user information, such as financial facts, private encryption keys, account information, credit card numbers, health insurance information, etc. †¢ So far not successful in U. S. , but popular in Europe, Germany, Singapore and Japan to pay for public phone call, transportation.Mondex Smart Card †¢ Holds and dispenses electronic cash (Smart-card based, stored-value card) †¢ Developed by MasterCard International †¢ Requires specific card reader, called Mondex terminal, for merchant or customer to use card over Internet †¢ Supports micropayments and works both online and off-line at stores or over the telephone †¢ Secret chip-to-chip transfer protocol †¢ Loaded through ATM – ATM does not know transfer protocol; connects with secure device at bank MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi , SOM, SIMS, Indore Mondex Smart Card Processing Mondex Smart Card †¢ Disadvantages – Card carries real cash in electronic form, creating the possibility of theft – No deferred (overdue) payment as with credit cards – cash is dispensed immediately Types of Smart cards Smart cards are basically of two types: 1. Relationship-based Smart Cards 2. Electronic Purses and Debit Cards Relationship-based Smart Cards It is the enhancement of existing card services that offer customers far better options like: 1. Access to multiple accounts (debit, credit, e-cash) on one card. 2.Offer various functions ( cash access, bill payment, balance inquiry, fund transfer) 3. Multiple access options at multiple location using multiple access device (ATM, PC, PDA or screenphone etc) Electronic Purses and Debit Cards Electronic Purses or E- wallet are the smart cards embedded with programmable microchip that store sum of money instead of cash. Once a purse is loaded with money it require card reader vending machine which verifies its authenticity . Then after amount is deducted from balance. It shows the remaining balance on the card hence eliminate the small bill in busy stores.E-wallets when depleted can be recharged with money . MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 5 Credit cards-based e-payment system Credit Cards †¢ A credit card is a small plastic card issued to users dealing in e-commerce. Most credit cards are the same shape and size, as specified by the ISO 7810 standard. †¢ A credit card is different to a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant.Credit cards-based e-payment system Customers who purchase any goods send their credit card details to the service provider involved and the credit card organization will handle thi s payment. Online credit card payment has following categories: 1. Payment using plain credit card details 2. Payments using encrypted credit card details 3. Payment using third-party verification Entities involved in Credit card Transaction Consumer (Buyer or Card holder) Merchant (Seller) Card Issuer (Consumers’ Bank) Acquirer or Principal (Merchant’s Bank) Card Association (Visa, Master Card etc) Third party processor How an Online Credit Transaction WorksEncryption and Credit cards Encryption process starts when credit card information is entered into a browser and sent securely over network between buyer to seller. Encryption process includes following steps: 1. Customer presents his credit card information securely to merchant. 2. Merchant validates the authenticity of card holder 3. Merchant relays this information to its bank or on-line card processor. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 6 4. The bank r elays the information to customer’s bank for authorization approval 5.The customer’s bank returns the credit card , charge authentication and authorization to the merchant Processing Payment with Encrypted Third-party authorization and Credit cards In third party processing, consumer register with third party on the internet to verify emicrotransaction. The companies providing third party payment service on internet are: ( First Virtual) †¢ http://www. fv. com †¢ http://www. openmarket. com †¢ http://www. 2checkout. com/ †¢ http://www. paypal. com/ Payment can be made by credit card via clearing house.Online Third-Party Processor (OTPPs) has following steps for buying information online. 1. Consumer registers for an OTPP a/c that is backed by credit card. 2. To purchase customer request merchant by her OTPP account no. 3. Merchant then contact the OTPP payment server with customer’s account no. 4. OTPP payment server verifies the customerâ₠¬â„¢s account no. for vender (merchant) & checks for sufficient funds. 5. OTPP server send a message to buyer that can be responded back by buyer as ; yes/agree; No/disagree; fraud. 6.If OTPP gets ‘Yes’ from customer, merchant is informed & then customer is allowed to download material. MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Indore 7 Online Payment Processing using a Third-party Processor Risk in using Credit cards †¢ Customer uses a stolen card or account number to fraudulently purchase goods or service online. †¢ Many people who will be on the Internet have not even had their first Web experience. †¢ Hackers find the ways into an e-commerce merchant’s payment processing system and then issue credits to hacker card account numbers. Many users are also likely to be younger and have less access to credit and debit cards †¢ Many purchases they make will be micropayments. †¢ Credit cards canno t be used for large sums of B2B transactions †¢ Customer falsely claims that he or she did not receive a shipment Limitations of Online Credit Card Payment Systems †¢ Security – neither merchant nor consumer can be fully authenticated. †¢ Cost – for merchants, around 3. 5% of purchase price plus transaction fee of 2030 cents per transaction. †¢ People living in rural areas don’t have same access to computers and Internet that others do. Social equity – many people do not have access to credit cards (young and old age), disabled, individuals who are not computer savvy and individuals who cannot afford cards ( poor credit risk). Designing Electronic Payment Systems Following criteria should be satisfied while designing any new E-payment System: 1. Privacy 6. Pricing 2. Security 7. Standards 3. Intuitive Interface 4. Database Integration 5. Brokers MBA-II, EBF (FT-204C) Unit-3, Study material compiled by Prof. Vanita Joshi, SOM, SIMS, Ind ore 8