Thursday, September 26, 2013

How a Visa Transaction Works

   
                                   
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Visa makes it easier to pay and be paid. Visa payment transactions take place every second of every day in every corner of the world. This is accepted in more than 200 countries and territories across the globe. Behind each Visa transaction is a remarkable infrastructure ensuring that no matter how you accept Visa payments, the process will be safe, reliable and convenient.
VisaNet is a powerful processing network that delivers scale, reliability, security, and the fast, seamless experience consumers expect. Here’s a video to help explain.
Visa’s network connects cardholders, merchants and financial institutions around the world.
Visa’s technology infrastructure includes a robust set of processing services powered by VisaNet including core transaction processing, risk management and information-based services.
History of Visa
Visa has been at the forefront of electronic payments since its inception. From the first revolving credit card platform to neural networks and mobile payments, Visa has pioneered the growth and development of this fast-moving industry. Visa’s payment platforms are increasingly the backbone of global commerce, enabling the swift and secure transfer of value and information among financial institutions, individuals, businesses and government entities.
Who’s involved?                                              
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The typical Visa transaction involves four parties:
o   The merchant is any entity — a store, restaurant, physician, utility company, online retailer, hotel, or airline — that accepts Visa as payment.
o   The acquirer is a financial institution that initiates and maintains contractual agreements with merchants for the purpose of accepting and processing Visa card transactions and enables Visa card payments from customers.
o   The issuer is a financial institution that provides Visa-branded cards or other Visa-branded payment products to consumers and businesses. When a Visa-branded credit card is used, the issuer “lends” the consumer the funds to complete the transaction. If it is a debit or prepaid card transaction, the funds are automatically withdrawn from the account and transferred to the acquirer.
o   The cardholder is any consumer or business using a Visa card or other Visa-branded product to make payments.
The transaction journey                                 
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A Visa transaction is a carefully orchestrated process. When a Visa account holder uses a Visa card to buy a pair of shoes, it’s actually the acquirer — the merchant’s bank — that reimburses the merchant for the shoes. Then, the issuer — the account holder’s bank — reimburses the acquirer, usually within 24 to 48 hours. Lastly, the issuer collects from the account holder by withdrawing funds from the account holder’s bank account if a debit account is used, or through billing if a credit account is used.
What this means for you
You can rest assured that your customers’ transactions will be smooth and seamless – every time. You can trust that transmitted information will be kept safe and secure. And you can feel confident that the power and leadership of the Visa name stands behind you, always pursuing ways to improve the transaction process.                                   
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Value for All

The system works because it’s global, secure, reliable, convenient and it’s efficient. All parties derive value from the transaction.

How to Make Money Online for Free


       There are times when we find ourselves at loose ends in our careers. Sure, we could watch movies, take long walks on the beach, or play WoW until the kids get home, but that gets really boring, really fast.
But there's hope, even when jobs are tight. We can turn to creative solutions to beat the blahs and generate some income, and what better way to do that than to use the Internet? There are ways to make money online that don't require any up-front capital to get started, and we'll give you a few tips on how to do that.
Well, we have three steps for that.
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Play to your strengths.For example, if you are a regular blogger and have a following, you can use Google AdSense to generate income. AdSense analyzes your content, and directs ads to your page that is relevant to your followers. The more followers you have, the more AdSense will work for you.
Perform a service. There are many businesses out there that need as many people as possible, working online, to become successful. You must look for opportunities like Online Surveys or rather Be A Writer. Consumer data is an incredibly valuable commodity that companies will pay a lot of money to have, and the way a lot of this data is collected is through surveys. The more surveys you complete, the more you will earn.The Internet is jam-packed with readers (you're one now!) The one thing that readers need the most are writers. There are sites such as Zerys that specialize in bidding out writing jobs that range from $.01 to $.10 a word. You may start in the $.01 to $.03 range, but the more you write—providing you write well—the more you will make per word.
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Put your skills on the market. Sign up is free, generally easy, and often can be handled simply by signing in through Facebook. Create an online profile, use a professional photo, and people who need your skills will see your smiling mug and awesome skillset when they're looking for somebody with your talents.
Become an affiliate marketer.Sign up with a company that has an affiliate program. You can research popular or trending topics with Google Trends, and pick an affiliate partner based on current events, or you can pick a partner based on your own preferences.For example, if you are a musician, Musician's Friend offers an Affiliate Program that is very partner-friendly.
Buy and sell the Internet.Think beyond the obvious. While most short names have been long-since taken, consider a couple alternatives: hyphenated names are more common now that the one-word names have been assigned; also, unique family names have selling potential. While it may not generate the kind of dollars a multinational corporation might pay for a name, family names are personal enough that people might be willing to part with a few hundred dollars to "own" their surname on the Internet.
Above all, use your imagination when investigating online money-making opportunities. Regardless of your education or experience, you have skills that people want. Grab your Google, plug in some keywords, and find your niche!
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                While finding ways to generate an income online can be fairly straightforward, taking that from the spare change category to a full-fledged income takes some dedication. But the process isn't difficult if you do a little planning.
                If you're going to make money online, you're going to need to manage your time. Google Calendar is a great solution if you don't already have a calendar application.
                Now, scroll to next week, and starting next Monday, create an event that represents the time you can spend working. If you have to pick up the kids at 3, or have coffee with a friend in the morning, a racquetball game at noon, or have to pick up the kids at 3, adjust your time accordingly—including commute and decompress time.Repeat this step for every day of next week, until your calendar is filled. Don't forget to give yourself a lunch break of at least 1/2 hour. You—and your eyes—will need the break.This will not only help you plan your work availability, it will also help you see where you might be able to recover some extra time for launching your online career.
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                Launching a career requires hard work, but if your time is managed well you are exponentially more likely to become successful than if you dedicated an entire day but accomplished nothing.
                This may or may not come naturally to you, but it's a valuable skill to master for working online. As the saying goes, "On the internet, nobody knows you're a dog," but you do.
                Starting a business—any business—is hard, and it's not going to make you rich overnight. You've probably heard the stories where the excited housewife went from living in a trailer park to owning a mansion in just a year, thanks to "Willy Billy's Patented GetRichNow™" program, but that's not reality.Willy Billy, on the other hand, wrote and sold 50,000 copies of his book for $39.95 and raked in nearly $2 million.He also planned a marketing and sales campaign that hooked a mere hundredth of 1% of the U.S. population. Willy Billy got rich, but he didn't do it overnight; exercise due diligence when looking at any online opportunity.

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                It's always best to play to your passions—for example, if you're a wine aficionado, you could start a wine blog and become the next Robert Parker while supporting yourself selling ads on your blog.Just as in the world of brick-and-mortar, there are entry-level jobs and high-paying careers. You may need to start at entry level and work your way up, or you might be able to start at the top. But don't expect to start at the top unless you've already got a lot of expertise and recognition in your field.
                You may not have the expertise or recognition you need—right now—but if you think ahead, and think big, there's no reason not to get started now, and start building for the future. Here are some online careers that have a lot of traction now, and will likely continue to be career-worthy for some time to come.
·         Home-based physicians and radiologists. Part of a growing field loosely defined as "telehealth," medical professionals are finding life outside the office is rewarding, both monetarily and in flexibility. Other jobs in this field include registered nurses and medical transcriptionist 
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        Software engineers. This is one of the original "work at home" professions, and comprises software engineers, computer scientists, system administrators, technical support, database programmers, UX designers, and more.
·         Creative arts. This broad category includes authors, bloggers, graphics designers, PR specialists, social media experts, and the ever-popular web designer.
Whatever online career you undertake, there will be successes and failures. Accept this, but do not become complacent. Learn from your mistakes and use the information you've gathered to change your methods and improve your productivity, quality, or whatever you've found needs attention. Keep moving forward. As philosophers have long recognized, "perseverance furthers."
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