Applications
Franchise
Franchise is business approach, which benefits both sides. For Franchisor the benefit is the possibility to use the financial funds of the others and thus to expand its business much faster. The fees (royalty) collected from the Franchisees are based on their income.
The Franchisor is exposed to the following risks…
Tax Collection
Usually is performed by government organizations, which are interested in collecting unified financial data from multiple points of sale (POS). In most of the cases the POS include electronic device (register), that issue primary documents like receipts, refund receipts, invoices and etc. for the performed financial transactions. Subsequently, based on the primary documents, these devices generate secondary documents (daily or control reports), that summarize the sales data for a certain period of time.
Ticketing
The ticketing is everywhere in daily life. It can be found at cinemas, concerts, entertaining, railways, buses, in variety of transport methods.
As such widespread service the ticketing is exposed to all kind of fraudulent attempts like…