IMPLEMENTATION OF ELECTRONIC PAYMENT SYSTEM IN NIGERIA BANKS’ (A CASE STUDY OF UNITED BANK OF AFRICA)

Abstract

This study examined the implementation of electronic payment system in Nigeria banks. With reference to United bank of Africa. The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. Recognizing this, virtually all interested parties are exploring various types of electronic payment system and issues surrounding electronic payment system and digital currency. The objective is to examine broadly electronic payment systems can be classified into four categories: Online Credit Card Payment System, Online Electronic Cash System, Electronic Cheque System and Smart Cards based Electronic Payment System. Each payment system has its advantages and disadvantages for the customers and merchants. These payment systems have numbers of requirements: e.g. security, acceptability, convenience, cost, anonymity, control, and traceability. Therefore, instead of focusing on the technological specifications of various electronic payment systems, the researcher make use of SPSS Statistical package for social science to analyze the data analyzed in the research work. The findings showed that electronic payment systems based on what is being transmitted over the network; and the difference of each electronic payment system by evaluating their requirements, characteristics and assess the applicability of each system. 

Keywords: Electronic Payment Clearing System, and Online Electronic Cash System 

Inventory Control As An Effective Tool Of Achieving Overall Store Operation

Abstract

This study took into inventory control as an effective tool of achieving overall store operation in the international breweries Plc, Ilesha. The researchers were motivated to embark on this study, in order to bring to fore the importance of effective inventory control system on organizational performance as it relates to the company. A total of eighty-three respondent constitute the sample for the study. Four research questions and (that is 0.5) significant level using frequency and percentage through (chi-square method). The result of the analysis showed that flexibility in inventory control management is an important approach to achieving overall store operation in the performance of the organization. It was found that organizations benefits from inventory control management by way of easy storage and retrieval of material, improved sales effectiveness and reduced operational cost. The study also found that there is a relationship between operational feasibility, utility of inventory control management in the customer related issues of the organization and cost effectiveness technique are implemented to enhance the return on investment in the organization. Effective inventory control management is recognized as one of the areas management of any organization should acquire capability. It is recommended that organizations should adopt the inventory keeping method that best suit their operations.

Keywords: Inventory control, management, organization performance, store operation and effective tools