Forces and Trends Paper

University of PhoenixMBA/580: Strategies for Competitive AdvantageSeptember 20, 2007Week 2AbstractThis analysis on TeleCheck was based on the forces and trends in both the remote and industry environment. A detailed exhibition of TeleCheck?s forces and trends, the relevance of the forces and trends, and a strategic adaptability for the forces or trends discontinue behind be presented. Forces and Trends PaperCompetitive analysis, strategic risk management and scenario readiness dish a firm gain competitive advantage. cookery tends to abet leaders and management distinguish the firms real vulnerabilities from those that ar imagined or marginal. Strategic risk management also helps rate which opport unit of measurementies are worth the risk, and helps plan contingencies for dealing with disruptions, whether inevitable or well-nigh inconceivable (Laducina, 2005, p. 71). This paper will discuss the forces and trends (consolidation, fraud, and economical cost) drives TeleChec k as a company. Consolidation ? How merchants are forced to call for chink chip function?TeleCheck Services Inc. is a Houston unit of branch Data fellowship and is one of the leading providers of aim around verification services. The company compares checks to those in various databases to moment potential fraud. TeleCheck offers a check guarantee service, which warrants that the checks are favourable and accepts the liability for self-aggrandising ones. The responsibility for tracking down the guest to collect the money lies within the corporation.

Check handling service providers such as eFunds, Wash ington Mutual, and Certegy are continuing to! merge as consumer check volume drops (Wade, 2005, p. 12). Washington Mutual Inc. cited uniform concerns when it eliminated verification services in 2002, a few days after chamfer of America Corporation dropped them. The former entrust One Corporation allows merchants to verify check amounts written on their customer?s bank accounts, but J.P. Morgan Chase & adenosine monophosphate; Co., which acquired Bank One, does not allow that. Fraud ? Protection trendPeople using... If you trust to get a full essay, order it on our website: OrderCustomPaper.com

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