English Business

Letter of Intent

NYC, Inc.

123 Main Street

Sacramento, California, 91011

March 11, 2016

John Franklin

Project Manager

Star Company of West California

225 Nine Street

Sacramento, California, 91011

Dear John Franklin,

This is a Letter of Intent that proposes to outline the partnership you and I discussed on February 29, 2016. I do not consider the terms and conditions stated in this letter as binding and am open to negotiation.

We have agreed that we will enter into partnership for the purposes of starting a catering service. My main responsibility will be food preparation and purchasing, and your responsibility will be accounts and marketing. We will pay ourselves and our employees a suitable salary and split any profits after salaries 50-50. We are still negotiation the amount salaries.

We have also agreed to take out a Small Business Loan to cover the start-up expenses and will both be signatory for that loan. We have together created a business plan that clearly states our intentions for the short-terms as well as the next five years, and this plan has been approved by the bank.

I propose we meet in two weeks on March 25, 2016 at the office of Lady Diana as a lawyer to confirm the salaries and sign a contract of partnership. We can meet at a time of your convenience to discuss the points on which we have not yet agreed before we meet the lawyer. Please call me at 123-456-789 or contact me at NYC_Inc@gmail.com to set up a meeting. 

 

Sincerely,

Andrew White

Development Director






Reference 
https://www.sample-resignation-letters.com/writing-a-business-partnership-letter-of-intent-with-sample.html

English Business

The Advantages and Disadvantages Using Contactless Payment System

Non-cash payment instruments arise because the community needs to do a transaction that can not be done with cash. However, the use of cash is also not entirely be replaced by a non-cash payment instruments. Why ? because in other condition the use of cash is still more efficient than the use of non-cash instruments.

In the era of globalization, as now, many urban communities in Indonesia are getting used to using non-cash payment for various payment purposes, such as credit cards, debit cards, ATM cards and prepaid cards. The use of prepaid cards is believed to be a trend payment mechanism in the future, for example to pay for fuel at gas stations, toll tickets, purchases of goods and a variety of other services. All processes the payment activity through various types of this payment is processed by a variety of payment systems providers such as banks and non-bank. 

People generally prefer to use non-cash payment system because they do not have to carry large amounts of money while also using non-cash payment judged by some to be something that is fast and efficient. Moreover, now some people often make purchases online that can be done whenever and wherever they are. Therefore that they require payment to be non-cash. But on the other hand, there are some advantages and disadvantages arising from the presence of non-cash payments, such as :

Advantages:

• Better security:  It's far more secure than mag stripe data.  Messages are single use, so reading them is useless.  Skimming is virtually impossible. Without a PIN, a stolen physical card can be used, so it's less secure than chip-and-pin, but mostly because of the pin. 

• Variety of form factors: Mag stripe is very specifically designed to be on a card, and it's yet to be seen whether EMV will make its way to other form factors (I'm guessing no).  Contactless is found on cards, key fobs, smartphones, vehicles, or virtually anything that can be transported with a person. 

• Convenience.  Tapping to pay is faster and more convenient than most other forms of payment.  A contactless card, for instance, can be used without removing it from your wallet.  Contactless in transit venues allows lines of people to flow quickly through turnstyles.  The multiple form factors also offers more convenience.  My car can automatically pay-at-the-pump with Speedpass.  I can buy my groceries with my phone.  To my experience, only proximity (iBeacon, Bluetooth Low Energy) and contextual payment systems (like Pay With Square) can meet or exceed the convenience. 

• More features.  When specifically tied to a smart phone, such as Google Wallet, many features are now available that are impossible for a mag-stripe card or even EMV.  Payment history, virtual card provisioning (safer), remote deactivation, and user-configured pin-protection are just a few of the features.  The sky is the limit here. 

• Opportunities for innovation.  Primarily due to their viability on smart phones, contactless payments provide a platform for innovation.  In the past 60 years since its invention, what innovation have we seen on the mag-stripe?  Very little (queue the hate mail from the one person with a patent on magstripe oxidation and embossing processes). We've seen quite a bit with contactless in a much shorter time, and continue to see it today.  I expect this trend to continue.

Disadvantages:

• Acceptance.  Contactless cards are accepted at far fewer locations than mag-stripe.  Consumers cannot leave home with only their NFC-capable phone, because they will inevitably need a mag stripe to pay. 

• Less implicit.  If you have multiple cards in your wallet and you pay without removing them, the winner is random luck.  Sometimes, this can cause real issues (such as errors at transit settings).  Personally, I think this is just a "feature reality" but I have heard some complaints about it.

• Less secure than chip-and-pin.  When you introduce a pin to EMV, using a stolen card in brick-and-mortar is almost impossible.  Contactless could also use a pin (and often does for high-value transactions), but then you lose much of the convenience of contactless payments.

English Business

…English Tenses Used In Business English…

1. My Aunt will pay income tax on March 2017.

2. Mrs. Anggi is buying marketable securities of Manufactur Company that listing in BEI.

3. Customers are going to get discount if they pay all of their’s debt before end of month.

4. I have done my financial report while my Boss came to my room.

5. She sells some parts of computer for PT. Ace Hardware.

6. Our Company’s stocks are going to be stocks that listed in LQ-45.

7. Krakatau Steel always do import some of their product to Japan every month.

8. Unilever produces many good product to fulfill customer’s demand.

9. My sister has had a banking account since she was 17 years old.

10. Some company do consolidation to build a new better company.

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