A cashier is a person who has the job of dealing directly with customer monetary transactions. In a store, he or she adds up a customer’s bill and takes payment.
Outline of TQM Paper
I. Title
Enhanced Payment System
II. Background
Far Eastern University (FEU) (PSE: FEU) in the City of Manila, West Sampaloc, University Belt area is a nonsectarian, private university in the Philippines. Created by the merger of Far Eastern College and the Institute of Accounts, Business and Finance, FEU became a university in 1934 under the guidance of first president Nicanor Reyes, Sr. It soon became the leading proprietary, for-profit university in the Philippines. FEU’s campus is noted for a number of historical buildings preserved from the first half of the 20th century.
Far Eastern University was founded in 1934 when the Far Eastern College and the Institute of Accounts, Business and Finance (IABF) merged.Far Eastern College, founded in 1919, had been a liberal arts college in Quiapo; the IABF had been established (originally under the name Institute of Accountancy) by Nicanor Reyes, Sr., head of the Department of Economics of the University of the Philippines, with a number of other prominent educators in 1928.
IABF had been originally predominately used by night students, and the new university, which was supported by the tuition provided by its students rather than government grants, soon demonstrated that a private university was financially sustainable in the Philippines. Though many small businesses think that having the latest and greatest in payment processing security technology will make the secure and compliant, this is not necessarily the case - especially if there is a high turnover rate for the employees that are trained in the technology, said one industry expert.
III. Problem Statement
IV. Root causes of the Problem
There are some situation that the cashiers are not consistent to their work, so some of the students and parents are having problem when it comes in paying their fees in school especially when the deadline come for the tuition fee.
V. Recommendation and Benefits
School Payment a network of cooperative payment solutions built specifically to simplify the way today’s public and independent schools take payments for anything. Whether you are a school (public or independent), school vendor, or administrative service provider wanting to add eCommerce into your own solution, The School Payment Network offers the best solution. the network works similar to an ATM network in that all members carrying the School Payment Network symbol offer their customers a much broader service and reach than they could with a stand alone solution. Even if you’re a vendor with your own payment solution, joining the School Payment Network will offer your company significant benefits SchoolPaymentSolutions.com is an online payment portal especially designed to allow parents to make quick and easy online payments to their children’s school accounts. The system currently allows parents to manage their children’s lunch accounts, but will also allow them to manage other school accounts (such as lab fees or book fees) in the very near future.
VI. Implementation Plan
FEATURES AND CAPABILITIES:
Recurring Billing: ability to schedule and generate recurring transactions based on selected data. Charge the same amount every period or change the recurring amount for a selected period.
Online Catalog:
create a listing for services and products.
Transaction History:
buyers can browse their own transactions and administrators can view a full range of reports regarding transaction activity.
Security Levels:
different administrators can have different levels of security authorization. For example, one may only enter new transactions, while another may have complete access to customer records, audit information etc.
Multiple Attributes:
each product or service can be associated with multiple attributes such as department, budget codes etc for tracking and reporting functionality.
Customized Interface:
allows you to use your organization logo, colors, slogan and much more to create the look and feel that matches your identity.
Payment Options:
accept & process debit/credit card payments with real-time authorization, e-check and PCI compliant and number encryption.
Connectivity:
easy import and export capabilities to other systems.
Communication:
create customized email confirmations.
Activity Unit/Person Responsible Target Date Estimated Budget
Baguio here we come hahaa!!!
Time: 9:00 pm
Day: Friday
Activities: Drinking session with the igorots hahaha!!
Problem Statement:
1.) Feu doesn’t have enough cashiers.
2.) Students who ae paying do experience a hard time due to a long line.
3.) Feu should make a cashier for every department so that students who will pay their tuition fess wouldn’t have a hard time in paying.
A payment system is a system for the transfer of money. What makes it a “system” is that it employs cash-substitutes; traditional payment systems are negotiable instruments such as drafts (e.g., checks), credit cards and other charge cards, documentary credit (such as L/C) and electronic funds transfers. Some payment systems include credit mechanisms, but that is essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions and consist of a major service provided by banks and other financial institutions. In the US, they are regulated by different state statutes (UCC) and Federal regulations.
Additional forms of payment systems (including physical or electronic infrastructure and associated procedures and protocols) are used to settle financial transactions in Automated teller machine networks, Stored-value card networks, bond markets, currency markets, and futures, derivatives, or options markets, or to transfer funds between financial institutions. Due to the backing of modern fiat currencies with government bonds, payment systems are a core part of modern monetary systems.
source: www.wikipedia .com
QUICK STEPS: Online Payment of Tuition Fees via Credit Card
Who does this?
FEU students or designated payers who wish to pay their tuition and other fees online. When?
- During enrollment (before proceeding to enroll at FEU, or if you wish to complete online enrollment from your home computer)
- Anytime within the semester
How?
Using FEU online payment facility
Source: www.feu.edu.com
Processing Types
Payment transactions are entered through normal online and batch processing. Payment documents are approved and tracked through the Document Tracking subsystem. The remaining processes are performed by the Payment Processing functions.
Note: During Payment Processing, the transactions must pass data element and funding edits even though the transactions passed these edits earlier during the Batch IEU. Only error-free and approved documents are processed through Payment Processing. Payment Processing is the final step for a payment transaction before it can go to history.
J - is very sexual
A - crazy
Y - is loved by everyone
S - makes people laugh
O - has one of the best personalities ever
N - is a very good kisser too!
