Conclusion on "EMV Standard Implementation in Iranian Banks Risks"

Conclusion 4 pages (1095 words) Sources: 1

[EXCERPT] . . . .

EMV standard Implementation in Iranian Banks Risks & Challenges

In order to successfully migrate to EMV system of payment/transactions, the Iranian banks must be able to consider a series of factors that are all crucial to the successfully rolling out of the banking technology across the entire nation. An analysis of the extant literature as well as the various research outcomes coupled with Iranian unique and troubled financial system calls for extra caution and procedures to be adopted. The following are recommenced in order to successfully adopt and implement EMV in the Iranian banks.

Incorporation of strategic thinking into the process

As pointed out earlier in this paper. It is important to involve key strategies in the implementation of the EMV migration process so as to ensure that the available resources are adequately utilized while ensuring that a smooth transition period is achieved.

The need for more education

The process of upgrading the existing facilities to the meet the EMV standards is never easy unless adequate understanding of the functionality and capabilities of the infrastructure is comprehended. This therefore means that the education must be treated as a prerequisite in the process of EMV migration. There is a need for educating the internal support teams as well as training them on how to use the EMV technology (Chase,2010).The Iranian banks must therefore fully understand all the steps that are necessary to ensure that the EMV technology is rolled out successfully across the entire nation without any form of errors and delays that can be attributed to the lack of proper knowledg
Continue scrolling to

download full paper
e of the system's operation.

There are several organizations that are operating in Asian pacific region that can aid the Iranian banks in successfully migrating to the EMV infrastructure. These are vendors and training organizations such as Gemalto (Al Bawaba,2010).It is important to ensure that the organization that is appointed to spearhead the rolling out of the EMV technology ensures that the knowledge on how to use EMV technology. While equipped with the right technology as well as the appropriate justification for business and a concise definition of all the requirements, the Iranian banks can then forge their way forward with the adoption of EMV.It is worth noting that the process of migrating to EMV is not an easy one. This is because it requires a multi-thronged approach as a result of the various dynamic variable that are always in play in the Iranian somehow unstable banking system. The long-term goals of the EMV migration exercise however what is important is. This is true even from the mere fact that projects that involve infrastructure are not usually known for giving or rather providing quick returns.

The business needs

Before embarking on EMV migration exercise, the Iranian banks must first of all evaluate their business needs in order to decide if such a move would satisfy these needs. The strategies that were first drawn are then converted appropriately into tactical plans. The definition of the business requirements however, must first be evaluated.

Concluding remarks on the most important challenges and risks that Iranian banks faced, face or will face associated with EMV standard implementation in Iranian financial institutions.

In order to facilitate a smooth migration to EMV system, appropriate regulatory and compliance measures must be enacted by various… READ MORE

Quoted Instructions for "EMV Standard Implementation in Iranian Banks Risks" Assignment:

Also :

1

I need you help with suggest appropriate Recommendations depends in what is present in the Literature review, result and Discussion.

2

and Discussion of research question which is:

- What are the most important challenges and risks that Iranian banks faced, face or will face associated with EMV standard implementation in Iranian financial institutions?

3

Suggestions of Further research

4

Limitations

_________________________________________

The Structure:

5. Findings, Recommendations and Conclusion

5.1 Discussion of Research Question

5.2 Recommendations

5.3 Suggestions of Further research

5.4 Limitations

__________________________________________

**** NOTE ****

I already have sent an order for Discussion part, and I think this order need to be done with the same ***** who done Discussion part.

Cheers

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

This my previous order:

Discussion

(Important)

The most important specification is:

(((((Always))))): make connection between Literature review especially PART 3 and the discussion part depends what the result come with.

For example: update infrastructure , the result confirm that it is a major challenge

(Question number 6 in the questionnaire)

While understanding Guidance and tools (Question number 23 in the questionnaire most bank said it is easy to understand it, and so on

And take in consideration (BEFORE/DURING or AFTER) the implementation) because there are some questions repeated again in each stage to see if there is a different due to time factor like before you start you think it is easy then during it is more then you expected and so on.

please try to make connection between challenges in terms of time, cost, and change in the work.

and In total summarize the challenges and which of them are the most challenges, the second for Iranian banks.

I have started write about it, for example in stakeholders I start to write something like:

An important step before starting EMV project is to identify project stakeholders, whether they were internal or external stakeholders. Banks should identify all parties and people associated with the project or will affect the outcome of the project in one way or another. In addition, due to the overlap of functions between numbers of departments involved in the project from the same organisation, this might caused some difficulties to identify the stakeholders *****¦*****¦.. etc then connect with the result

As I don*****'t have enough time left I need you help..

I have collected data from the questionnaire as a main method and just some notes from interviews but I need your help in discussion but

(Don*****t divided it to two part one for the questionnaire and the other for interviews) because I don*****t have enough data for interviews , so you can divided it to sections similar to the part three of the literature review.

I am not sure which structure, please choose suitable structure for a research about (Challenges of implementation a new technology) , and please make sure that ALWAYS related to PART 3 of the literature review .

Literature review AND data result files are attached.

Cheers

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

*****

How to Reference "EMV Standard Implementation in Iranian Banks Risks" Conclusion in a Bibliography

EMV Standard Implementation in Iranian Banks Risks.” A1-TermPaper.com, 2010, https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209. Accessed 5 Oct 2024.

EMV Standard Implementation in Iranian Banks Risks (2010). Retrieved from https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209
A1-TermPaper.com. (2010). EMV Standard Implementation in Iranian Banks Risks. [online] Available at: https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209 [Accessed 5 Oct, 2024].
”EMV Standard Implementation in Iranian Banks Risks” 2010. A1-TermPaper.com. https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209.
”EMV Standard Implementation in Iranian Banks Risks” A1-TermPaper.com, Last modified 2024. https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209.
[1] ”EMV Standard Implementation in Iranian Banks Risks”, A1-TermPaper.com, 2010. [Online]. Available: https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209. [Accessed: 5-Oct-2024].
1. EMV Standard Implementation in Iranian Banks Risks [Internet]. A1-TermPaper.com. 2010 [cited 5 October 2024]. Available from: https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209
1. EMV Standard Implementation in Iranian Banks Risks. A1-TermPaper.com. https://www.a1-termpaper.com/topics/essay/emv-standard-implementation-iranian/99209. Published 2010. Accessed October 5, 2024.

Related Conclusions:

Methodology EMV Standard Implementation in Iranian Banks Risks and Challenges Methodology Chapter

Paper Icon

EMV in Iranian Banks

EMV standard Implementation in Iranian Banks Risks & Challenges

The purpose of this research is to understand the risks and challenges that are likely to be… read more

Methodology Chapter 10 pages (3023 words) Sources: 7 Topic: Economics / Finance / Banking


EMV Standard Implementation in Iranian Banks Risks and Challenges Literature Review

Paper Icon

EMV standard Implementation in Iranian Banks Risks & Challenges

General View on Payment cards frauds and solution

There are diversified vies regarding the various forms of payment card fraud. In… read more

Literature Review 7 pages (2202 words) Sources: 10 Topic: Economics / Finance / Banking


EMV Standard Implementation in Iranian Banks Risks Discussion Chapter

Paper Icon

EMV standard Implementation in Iranian Banks Risks & Challenges

Challenges

In regard to the isolation of the various challenges that affect the migration process to the new EMV standards. The… read more

Discussion Chapter 9 pages (2295 words) Sources: 3 Topic: Economics / Finance / Banking


Risk Management in Banks: Reference to Indian Article Review

Paper Icon

Risk Management in Banks: Reference to Indian Banks Industry

"The Indian Financial System is tasting success of a decade of financial sector reforms. The economy is surging and has gathered… read more

Article Review 16 pages (4399 words) Sources: 6 Topic: Economics / Finance / Banking


Iranian Revolution Essay

Paper Icon

Iranian Revolution

Most Americans born in the 1960s or very early 1970s know the name, Ayatollah Khomeini, among the men most hated by Americas in the late 1970s and early… read more

Essay 5 pages (1669 words) Sources: 1+ Topic: Israel / Palestine / Arab World


Sat, Oct 5, 2024

If you don't see the paper you need, we will write it for you!

Established in 1995
900,000 Orders Finished
100% Guaranteed Work
300 Words Per Page
Simple Ordering
100% Private & Secure

We can write a new, 100% unique paper!

Search Papers

Navigation

Do NOT follow this link or you will be banned from the site!