Overview of the Financial Services Industry
Businesses that operate in the Financial services area include a complete
host of economic services that are rendered within the realms of the
They could be related with banking services and credit card facilities or
associated to insurance,
investment funds or consumer finance.
These are many complicated and distinct aspects to the financial services
When corporate organizations transmit their bills (via the
internet) to clients and consumers they may offer the facility of receiving
their payments electronically. This is known as Bill Payment Services.
Every time a consumer pays for an item by a debit or credit card, or decides to
‘purchase’ some electricity via a meter key, they need to use a form of bill
payment. There are also numerous facilities to pay bills electronically online.
Most online shops and organisation offers this service, and although many people
are wary of giving out their bank details, it is a relatively safe service. It
reduces the amount of paper used in traditional till paying methods.
Many banks have incorporated this form of payment into their online banking
service, allowing the depositor to transfer money from his account to a creditor
or to a business or organisation that requires payment for either items bought
or services used, such as a public utility. The transfer of money from one
account to another through a computer-based system is known as Electronic
Funds Transfer. There are several options concerning ETF such as direct
deposit, direct debit payments and those that relate to a credit or debit card.
Many people are completely out of their depth when it comes to financial matters
and employers are no exception! In order to maintain the happiness and
well-being of their staff as well as offering an attractive package consisting
of health benefits and private medical insurance, as well as sufficient
insurance cover for accident and illness and long-term pension prospects and
retirement trusts and funds.
It can be difficult to decide upon which company offers the best packages for
companies as a whole and also for individuals who may have differing
circumstances. This is when it is a good idea to engage the help of Employee
Benefit Plans Consulting Services. They are able to offer a professional
service which fully caters for their clients’ needs, taking into account,
individual cases and differing levels of cover for large corporate companies,
smaller businesses and business individuals, as well as sole-traders and
self-employed workers. These specialists are not too dissimilar to Financial
Planning Consultant and Services, who offer a range of
advice and financial planning services
relating to retirement plan services for individuals and companies.
Companies who provide a service related to dealing with financial documents and
the entire process of collating, printing, scanning faxing and distributing
financial documents, as well as archiving and secure storage for corporate
companies and smaller businesses. They offer a safe and secure way of indexing
and processing important and confidential documents and ensure that they are
integrated within the companies own software system so that they may be accessed
at any time they are needed.
Fundraising is an excellent way of
raising funds and money to support various organisations and charities. The
amount raised makes a valuable difference to the future of the charities
supported and to the people or fund they are collecting for. The Macmillan
Cancer Support was named the best charity brand of 2013, beating Cancer Research
UK who has held the title for the past three years.
People who are deemed to be incapable of looking after themselves independently
(usually because they are mentally incapacitated) automatically become a ‘ward’
of the court. The same goes for a young person below a certain age, who needs a
Guardian or Conservator to take charge of their property and oversee
their upbringing, as well as providing care and taking responsibility of
essential duties. The court decides where the ward’s finance and assets will be
kept and also who will be responsible for ensuring their investments are working
well for them until the time comes (in the minor’s case) that they are allowed
to take charge of their own financial matters.
When companies or individuals require large sums of money to be transferred to a
different country, they can source a reputable company by looking under Money
Orders and Transfer Services in an online business directory such as
thebusinessindex.com. This is an excellent way of finding a trustworthy company
and will also give valuable information regarding money transfers to foreign
countries. Companies such as Western Union; offer ways to send and receive money
as well as giving advice about overseas transfers.