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 expounding of TeleCheck?s forces and trends, the relevance of the forces and trends, and a strategic adaptability for the forces or trends collapse behind be presented. Forces and Trends PaperCompetitive analysis, strategic risk management and scenario formulation avail a firm gain competitive advantage. provision tends to abet leaders and management distinguish the firms real vulnerabilities from those that ar imagined or marginal. Strategic risk management also helps call which opport unities 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 scotch cost) drives TeleCheck as a company. C onsolidation ? How merchants are forced to take a crap chink chip function?TeleCheck Services Inc. is a Houston unit of branch Data fellowship and is one of the leading providers of bulge around verification services. The company compares checks to those in various databases to pick out potential fraud. TeleCheck offers a check guarantee service, which warrants that the checks are hefty and accepts the liability for self-aggrandising ones. The responsibility for tracking down the node to collect the money lies within the corporation.

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

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