HB 337 1st EditionLecture 8Payment Technology- Payment Methods o Casho Debit card o Credit Cardo Check- Debit Card – Online / Offline - Credit Card has Four Trackso Track one – Only alpha numeric. Account holder name, number, country code, expiration dateo Track two – Back up for track one o Track three – can store up to 107 four-bit plus parity bit characters o Track four – optional track – variable capacity; often remains unused - Card Recognition – The first six digits of a credit card number determine which of the major credit card networks issued the card in question. - Credit Card Market Shareo Visa – 46%o Mastercard – 36%o American Express – 12%o Discover – 6%- Online Credit Card Payment Issueso Security Issueso SkimmersRevenue Management These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- Computer Aided Program – Determines whether the pricing and room allocation should be increased, decreased, or closed based upon an analysis of demand and competitive pricing conditions - Functions of Computer Aided Program o 1. Pattern Recognitiono 2. Analyze variableso 3. Heuristicso 4. Recommend actions- Room Management can be established for:o 1. Overbookingo 2. Discount Controlo 3. Length of Stay Controlo 4. Group evaluation o 5. Lead Timeso 6.