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Payments Council
The Payments Council was an organisation of financial institutions in the United Kingdom, which set strategy for UK payment mechanisms from 2007 until 2015. History In his 2003 Pre-Budget Report, then-Chancellor Gordon Brown announced that the Office of Fair Trading (OFT) would lead a new Payments Systems Task Force. The OFT recommended to the Chancellor in 2006 that the Task Force should establish a new body responsible for the integrity and efficiency of co-operative payment systems in the UK. This was set up as the Payments Council in 2007.Review of the operations of the Payments Council (OFT1071) , OFT, March 2009 By the time of a planned two-year OFT review in 2009, the Payments Council had taken over some activities from the [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payments Council With StraplineCMYK C
A payment is the tender of something of value, such as money or its equivalent, by one party (such as a person or company) to another in exchange for goods or services provided by them, or to fulfill a legal obligation or philanthropy desire. The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are compulsory, such as payment of a fine. Payments can be effected in a number of ways, for example: * the use of money, whether through cash, cheque, mobile payment or bank transfers. * the transfer of anything of value, such as stock, or using barter, the exchange of one good or service for another. In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly affected in the local currency of the payee unless the partie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CHAPS
Chaparreras or chaps () are a type of sturdy over-pants (overalls) or leggings of Mexican origin, made of leather, without a seat, made up of two separate legs that are fastened to the waist with straps or belt. They are worn over trousers and were originally intended for protecting the rider from the rain and mud, and from tears and injuries. They were created to replace ''armas de agua'' (water shields) or simply ''armas'' (shields), a set of leather flaps that hung from the Mexican saddle to protect the rider's legs from the rain. The word "chaparreras" is believed to have come from either “chaparrón”, a cloudburst or sudden, heavy rain, or from “chaparros”, a Mexican colloquial name for brush and a type of shrub. Due to the difficult pronunciation, Americans shortened the word to ''Chaps'', originally spelled and pronounced ''schaps'' or ''shaps''. ''Chivarras'', from ''chivo'' (goat), is the name for chaparreras made of goatskins tanned with the hair on. There wer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services In The United Kingdom
The financial service industry in the United Kingdom contributed £174 billion in 2021, or 8.3% of total UK gross value that year. It represents a boon on the UK, European and global economies. History The sector contributed a gross value of £86 billion to the UK economy in 2004. The industry employed around 1.2 million people in the third quarter of 2012 (around 4% of the British workforce). The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government tax receipts. See also * Banking in the United Kingdom * Economy of London § Financial services * Economy of the United Kingdom § Financial and business services *Financial centre * Financial services § Financial exports * Global financial system * Insurance in the United Kingdom *List of banks in the United Kingdom * List of institutional investors in the United Kingdom *UK company law British company law regulates corporations formed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Systems Organizations
A payment is the tender of something of value (economics), value, such as money or its equivalent, by one Party (law), party (such as a person or company) to another in exchange for good (accounting), goods or Service (economics), services provided by them, or to fulfill a legal obligation or philanthropy, philanthropy desire. The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are compulsory, such as payment of a fine (penalty), fine. Payments can be effected in a number of ways, for example: * the use of money, whether through cash, cheque, mobile payment or Wire transfer, bank transfers. * the transfer of anything of value, such as share capital, stock, or using barter, the exchange of one good or service for another. In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Financial Services
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Disestablished In 2015
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost–benefit Analysis
Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. A CBA may be used to compare completed or potential courses of action, and to estimate or evaluate the value against the cost of a decision, project, or policy. It is commonly used to evaluate business or policy decisions (particularly public policy), commercial transactions, and project investments. For example, the U.S. Securities and Exchange Commission must conduct cost–benefit analyses before instituting regulations or deregulations. CBA has two main applications: # To determine if an investment (or decision) is sound, ascertaining if – and by how much – its benefits outweigh its costs. # To provide a basis for comparing in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andrew Tyrie
Andrew Guy Tyrie, Baron Tyrie, (born 15 January 1957) is a British politician and former chair of the Competition and Markets Authority. A member of the Conservative Party, he was Member of Parliament (MP) for Chichester from 1997 to 2017. Tyrie was previously a special adviser at HM Treasury and chair of the Treasury Select Committee, having taken up the role on 10 June 2010. He was described by Donald Macintyre of ''The Independent'' in 2013 as "the most powerful backbencher in the House of Commons", and by ''The Economist'' as a liberal conservative. Early life Tyrie was born at Rochford, Essex, on 15 January 1957. He was educated at Felsted School and Trinity College, Oxford, where he read PPE, graduating in 1979. He then attended the College of Europe in Bruges, where he received a postgraduate Certificate of Advanced European Studies, followed by Wolfson College, Cambridge, where he obtained the degree of MPhil. Tyrie worked at the group head office of BP from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charitable Organization
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, Religion, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The Charity regulators, regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership. Financial figures (e.g. tax refunds, revenue from fundraising, revenue from the sale of goods and services or revenue from investment, and funds held in reserve) are indicators to assess the financial sustainability of a charity, especiall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasury Select Committee
The House of Commons Treasury Committee (often referred to as the Treasury Select Committee) is a select committee of the House of Commons in the Parliament of the United Kingdom. The committee is responsible for examining and scrutinizing the expenditure, administration and policy of HM Treasury. This includes its agencies and associated bodies, including HM Revenue and Customs, the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, and the Royal Mint. The current chair of the Treasury Select Committee is Dame Meg Hillier MP, from the Labour Party. The position of chair is considered influential, as the holder of the office can scrutinize figures including the Chancellor of the Exchequer, the Governor of the Bank of England, as well as bank executives. History The select committee was established in 1979 as the Treasury and Civil Service Committee. Since 2010, the Treasury Committee has taken on new powers, including the right to veto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheque Guarantee Card
A cheque guarantee card was an abbreviated portable letter of credit granted by a bank to a qualified depositor in the form of a plastic card that was used in conjunction with a cheque. The scheme provided retailers accepting cheques with greater security. The retailer would write the card number on the back of the cheque, which was signed in the retailer's presence, and the retailer verified the signature on the cheque against the signature on the card. The cheque could not be stopped and payment could not be refused by the bank. Each bank would set a limit on the maximum amount of an individual cheque that could be guaranteed. The guarantee only applied to cheques drawn on an account provided by the bank that issued the card, and could result in an overdraft with penalty interest on the cardholder. After the introduction of debit cards there was a rapid decline in the use of cheques and of cheque guarantee cards, and these facilities were generally phased out during the 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
