Go to page: My Gap:http://moocpennstate.blogspot.com/p/my-gap.html
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!Become more secure in my old age or retirement age by having some funds put away.
!Become more solvent and build my personal savings over a period of time.
Save money at an appreciable rate, surpassing the present earned rate by over 100 percent
Save money quickly, securely, and with a little incentive to keep it in the bank.
Save money conveniently at almost any time of my choosing without going to bank and without filling out paperwork, getting forms printed, etc.
As you can see, my GAP changed from last week. It is more serious and has a greater application.
Started with my 1 April Tweet: Next time you use debit card, let's say you can LOCK $ into an account @ yr bank that gets a decent return rate for an obligatory period. Banks use CD balances to fund loans, and they don't want consumers taking their money out should interest rates rise. So, they need penalties to be a big enough stick to keep people from leaving en masse and causing them funding problems.
The present, average, CD rate of return in the U.S. is 2.3% for “locking up” your funds for five years. How do we create a tool, with software, that allows us to save at a more attractive rate and do it at the credit card machine. Today, every time I use a point of sale card machine, it asks if I want to donate to something or other, so asking me ONE more question or a question IN LIEU of donating $, it could ask if I want to SAVE money.
Why do we want to save money by using our Debit or Credit Card at the credit card machine?
The motive is:
1. secured and insured savings for at least five years
2. a good rate of return on the investment
3. convenience of putting money into an account
Question 2.2
!Become more solvent and build my personal savings over a period of time.
The transaction is secure
.protected by software driving the point of sale card reader and station
.protected by password or pin number required that accompanies card
.protected by shield hiding the keypad from nearby customers
.protected by and backed up by bank debit card procedures tracking software
(the card locks out after three unsucessful inputs of pin number)
The transaction is autonomous, for the most part.
.No one knows what you are doing.
.No one knows how much your are saving.
.No one knows the account your money is attached to.
.No one has to know your account details or your address, etc.
The transaction is simple
. Screen guided instructions at the beginning of each transaction.
.Feedback on each major step of input.
.A paper receipt is printed for verification.
.Using one finger, the transactions can be made
.Access to the transaction screens are available on and off line
.The process is available and THERE as you use the machine when shopping.
The transaction is FAST
.The transaction happens and processing is in real time
.Monies selected for saving go into the owner’s account immediately
.It only takes a moment to say YES I want to save, and to input the amount
.Keypads are the same keypads used on credit/debit card machines.
The transaction saves time, gas, labor, effort
.No need to go to bank to open CD account
.No need to print several forms and to deal with account clerk
.Money is saved to an account you always use
.Access to savings records can be done on line or on printed receipt from last transaction. Dates, totals, etc.
The Transaction Pushes information if you opt in
.Balances are tracked and if balance exceeds set amount you are asked if you would like to save
.Reminders are sent to you as you request
.Optional PINGS to you if balances change a set amount
Question 2.3
See http://sequim-web.net/Design/Assignmentweek2.wmv
A BIG Windows Movie File. Give it time to load.
Music runs long so you don't interupt your solo dancing.
Music by Angelique Kidjo. Angélique Kpasseloko Hinto Hounsinou Kandjo Manta Zogbin Kidjo. Angelique is a Grammy Award–winning Beninoise singer-songwriter and activist, noted for her diverse musical influences and creative music videos.
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