Business Case Analysis 'Electronic Payment Systems in Action ...

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Movie Gallery focused on countryside and secondary markets areas that were typically underserved by other video retailers, especially Blockbuster Video. Movie Gallery sells lot of DVD videos last few years. The Digital video Disc (DVD) player was one of the most successful consumer electronic products of all time. The DVD market was also one of the fastest growing markets, experiencing rapid growth since its introduction The Company supplies the following products for rental or sale: • DVD videos • Accessories for video and games • Video game software • VHS videos • Concessions OUR COMPANY PROFILE Virtual Smart Team (VST) is an experience small company that prides itself in building Electronic Payment Systems for any e-commerce business. It started in 2003 with four brilliant students of Internet science and technology and grew to a unified reputable company in Asia that develops solution for any e-commerce related problem. VST was a leader in using the Internet and e-commerce technologies to squeeze greater efficiency and to streamline the online payment system and encourage greater customers to use different e- payment system to shop online. VST expertise had proved instrumental in helping many companies become the industry’s low provider and drive cost out of its business. Each member of the organization is dedicated and productive. However, we work collaboratively to tackle any business task. Each member delegated to a task is always calculative in quick delivery of results; this is spelt out in our company’s motto: “strive for customer satisfaction” The key staff members of Virtual Smart Team organization are: • Anthony Claret: Project Manager and Business Analyst • Esther Amadi: Technical Analyst • Jacky Lo Vui Mien: Market Analyst • Jessica Jarrell: Financial Analyst Codewit Global Network © Copyright 2006 All right Reserved Page 6 of 42
. MOTIVATION Nowadays, the modernization and growth of information technology has affected almost all of aspects of the human beings, including business. In the old days, business transactions were done physically as the customers have to meet with suppliers. The information technology makes it possible to carry out business transactions virtually using Internet or electronic commerce (e-commerce). This is because people are able to make enquiry, place order and make payment through the Internet. In order to make the e-commerce of a company successful, an Electronic Payment System is needed for that company. The main driving motivation for the implementation of the Electronic Payment System for Movie Gallery is the enhancement for transaction effectiveness. Here is what we mean: Picture being in a Movie Gallery store in United States when all of a sudden 40% of people leave their half-empty shopping carts in the middle of aisles and leave the store all at once... Alternatively, imagine the frustration of a shopper who has taken the trouble to pick out a cart full of DVD’s that he wants to rent, or Video Game accessories that he wants to purchase. Only to be held back by a store clerk insisting that they complete a lengthy questionnaire and remember a password they were assigned when they last visited the store several months ago in order to rent the items. This is unfortunately, what is currently happening at Movie Gallery Stores today. The reason why this is happening is that Movie Gallery Inc does not have a standard solution to authenticate sales and the required standardized forms that modern computer systems need to "talk" to each other. Electronic Payment System can solve this problem; it can increase the speed of processing by providing a real time operation for examples like a faster response in replying enquiries and other customer services. Since Movie Gallery Inc deals specifically on rental and sales of DVD’s, if it considers conducting online rental service, E-wallet solution (e-payment system) should be the good e-payment system that will take much of the annoyance and tedium out Codewit Global Network © Copyright 2006 All right Reserved Page 7 of 42
Page 1 and 2: Business Case Analysis ‘Electroni
Page 3 and 4: most of their rental services and s
Page 5: In July 1994, Movie Gallery went pu
Page 9 and 10: profits and can gain back the money
Page 11 and 12: other application provided. As show
Page 13 and 14: • E-wallet payments allow for the
Page 15 and 16: analyze three e-payment systems and
Page 17 and 18: RECOMMENDED EPS SYSTEM Because of s
Page 19 and 20: sites, all of which are required to
Page 21 and 22: N: B Diagram on this page are captu
Page 23 and 24: number on your eWallet and drop it
Page 25 and 26: For the implementation of online e-
Page 27 and 28: Web security software 1000 ECML 100
Page 29 and 30: As seen the demonstrated cost of ma
Page 31 and 32: Implementing EPS for Movie gallery
Page 33 and 34: Photocopying 1,500 Administration (
Page 35 and 36: Cost price of goods sold 620,000 Gr
Page 37 and 38: 800,000 780,000 760,000 740,000 720
Page 39 and 40: Graphical analysis of Expenditures
Page 41 and 42: REFERENCES 3. Efraim, K.J., et al

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