Barclay Time Line

In: Business and Management

Submitted By vocc242
Words 889
Pages 4
Barclaycard time line

1950 Launch of the Travel and Entertainment cards by Diners Club this meant bills from Hotels and restaurants could be reimbursed by the issuer similar cards by American Express and Carte Blanche followed.

1958 Bank America launched the BankAmericacard

1965 Bank America had established a successful franchising system through marketing activities and establishment of large merchant network. customers were provided with a national and eventually an international network of service points which later became Visa credit cards were expanding rapidly.

1965 Barclays was the first UK bank to recognise the potential of credit cards. Barclays negotiated a franchise from Bank America at the end of 1965. After 6 months 30,000 retailers had signed up

29th June 1966 Barclays advertised all retailers’ names and addresses in the Daily Mail extending over eight pages this was successfully taken up by the adult population of Britain.

1966 Barclaycard had passed the milestone of one million Barclaycard Holders

1967 Barclaycard lead the world with the first operational ATM

1974 To eliminate much of the paperwork of the original systems and credit control systems such as telephone authorisation with credit control managed by floor merchant. Barclaycard turned to a fully automotive computer based system to speed up the processes

1977 Barclaycard becomes a founder member of the international Visa System Company Barclaycard (now Barclay business is introduced)

1980’s – 1990’s Barclaycard continued to benefit from being the “first mover” including; • Issuing the first credit card in the UK • Being the first credit card company to have an institutional presence on the internet • Started the first loyalty scheme in the UK • Being the first bank to enable credit card payments over the internet

IT applications and…...

Similar Documents

History Time Line 2

...Timeline Part II NOTE: Before starting the Timeline project please refer to the "Example Timeline Matrix" document. Instructions: Complete the matrix by providing the Time Period/Date(s) in column B, and the Description and Significance of the People/Event(s) to American History in column C. See complete instructions in the Syllabus for the Module 3 assignment entitled. “Timeline Part II.” NOTE: The timeline project does not need to be submitted to turnitin. NOTE: Please write your answers in a clear and concise manner. Limit your submission of the Timeline Part II up to 250 words per topic/subtopic. For example, if a topic is divided into 3 subtopics, you may write a maximum of 250 per subtopic listed. Be sure to cite all sources. Major Event/Epoch in American History | Time Period/Date(s) | Description and Significance of the People/Event(s) to American History | 1) The evolution of the institution of slavery from the Colonial Period to the 1860s. | 1600s-1860s | Slavery was the main source of manual labors in the southern territories after the invention of cotton gin; since the machine increase the profitable cash and required more manual labor- leading to the plantation system. Prior to this event, slave trade was mostly involved in New England- the triangle trade, which keep the flow of slaves to Europe in exchange for molasses; the main ingredient for rum making. | 2) The socio-cultural impact of the abolitionist movement including: a) The......

Words: 1916 - Pages: 8

Barclays

...Barclays: Matt Barrett's Journey- Winning Hearts and Minds The fact that Barclays is one of the four most dominant retail and commercial banks in the U.K. says a lot about its reputation. This company has faced many challenges between the time periods of 1980-2000. Matt Barrett has several great ideas to turn this company around, and the factors that should be considered are essential to the success of his strategy. Social/Demographic The Company initiates good customer relationship skills. They have built personal relationships with one out of five personal customers, and have direct relationships with 25% of the businesses in the U.K. On the downside, the company's cost base is much higher than its competitors. The plan is to change the core infrastructure of the company in order to build a stronger customer base. Becoming more competitive and offering value to its core products will give Barclays the competitive edge it needs to help increase profit and attract new clients. Technological Barrett and his Executive Committee (ExCo) team have plans to restructure the company by shifting its culture. In order to shift the culture, the mind-set of the employees has to change. Barrett promoted younger talent to join his ExCo team to give the company fresh innovative ideas. These new ideas will give solutions to replace the incompetence of traditional strategies that are no longer useful. The company also did an analysis on the industry and company data to figure......

Words: 513 - Pages: 3

Barclays Terms

...Additional Terms Additional Terms This document sets out the Additional Terms that form part of the Agreement as defined in the Barclays Wealth Terms. If there is any conflict between these Additional Terms and the Barclays Wealth Terms, these Additional Terms will prevail. If words beginning with a capital are not defined in these Additional Terms, they shall have the same definition as in the Barclays Wealth Terms. The following sections of the Barclays Wealth Terms are relevant to the services provided under the Agreement: • Section A, • Section B, • Section D, • Section E, and • Section F. Your classification under the Financial Service Authority (FSA) Rules For the purposes of the FSA Rules, we will treat you as a retail client unless we agree with you otherwise. This does not necessarily mean that you are ‘eligible’ for the purposes of the Financial Services Compensation Scheme or the Financial Ombudsman Service. As a retail client, where you meet the requirements to be recategorised, you have the right to request to be treated as an elective professional client either generally or in respect of a particular service, type of transaction or product. Such request must be made in writing, and we will consider any requests received on a case by case basis against the criteria set out in FSA Rules. We will inform you of any limitations that such a re-categorisation will entail, together with the scope of that re-categorisation. If, following such a request, you are......

Words: 11705 - Pages: 47

Constitution Time Line

...Running Head: Constitution Timeline Constitution Time Line Grand Canyon University: POS-301 Arizona/Federal Government September 29, 2012 There are five important documents that have had an impact on the evolution of the United States Constitution. These documents include the Magna Carta (1215), the Mayflower Compact (1620), the Declaration of Independence (1776), the Articles of Confederation (1777), and the Federalist Papers (1787-1788). Significant documents in their own right these papers laid the framework for the creation of the modern day United States Constitution. The inception of the constitution was born partly from the successes and failures these previous ruling documents brought to their countries. The Magna Carta or “The Great Charter” was created by Great Britain in 1215. It consisted of 63 clauses that dealt with the rights, customs, and administration of justice. It was put in place because of King John’s abuse of his people. He created chaos and did inhumane things to his people against the justice system. Only 3 of the original 63 clauses still remain which consist of “the clause confirming the privileges of the city of London and other towns; and the most famous clause of all which states that no free man shall be imprisoned, dispossessed, outlawed or exiled without the lawful judgement of his equals or by the law of the land” (Magna Carta 2008) The others have been......

Words: 794 - Pages: 4

Die Because It's Time and Not Because There Is a Line.

...Tuesdays and Thursdays. March 15th 2012. DIE BECAUSE IT IS TIME AND NOT BECAUSE THERE IS A LINE. One of people’s greatest fears in life is death and this fear only gets bigger when people think that to try to prevent an early death, or even to die having a little comfort and knowing that you did everything you could, it will cost a lot of money, especially if you are in the United States. That is probably why people do everything they can to have health insurance, which is monthly paid and kind of expensive, but unfortunately, that is not enough because when you need to see a doctor or go to a hospital, it is charged an extra fee. It is written in the Human Rights “Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services…” If health care is that much important, shouldn’t it have universal coverage within the United States? If going to the hospital wasn’t so expensive people would take better care of their health. I have seen a lot of people not going to the doctor, myself included, just because it is expensive. Of course, in some occasions it can be impossible, depending on what kind of accident you had or pain you are feeling. However, most people don’t seek for a doctor if they consider their symptoms transient. It is hard to imagine myself going to the doctor every time I have the flu, or my throat hurts but what we often......

Words: 526 - Pages: 3

Time Line Essay of the Prophets

...talking openly to people after Adam and Eve were driven from the Garden, He then chose specific individuals through whom He would communicate. The prophet must be able to hear the voice of God and bring God’s words to the world. All prophecy will be “as the Spirit gives utterance” (Acts 2:4). In the ministry of a prophet, a called prophet speaks the message the Lord gives him. The first time the word “prophet” is used in the Bible is in the days of Abraham (Gen. 20:7). Each prophet had a specific message for the people of Israel from God. Some messages were warnings to Israel's about punishment if they continued to sin, others were about God's efforts to reconcile himself with Israel after a period of punishment, and prophecies about Israel and the nations it interacted with. Major Prophets of the Old Testament Isaiah’s period of prophecy was from 740 to 680 B.C. Isaiah is most often thought of as the greatest of the Old Testament prophets of the Bible. Isaiah prophesied about Israel's judgment and reconciliation with God, the coming savior Christ, and judgment of nations, and the end times. Jeremiah's ministry was from 630 - 585 B.C. In his writing he prophesized of the Israelites’ exile to Babylon, the fall of Jerusalem, and also prophesied against the nations of Egypt. The basic rules for a prophet are in the book of Jeremiah: "Wherever I send you shall go, and what I tell you, you shall say" (Jer. 1:7 [author translation]). Ezekiel’s period of prophecy was from around...

Words: 1227 - Pages: 5

Psy 230 Week 3 Day 5- Ericksons Time Line

...Although the stages are defined by a general age each development stage has, I personally feel that I fit into two stages. The initial stage I feel I blend well with is the sixth stage called young adult stage. The age for this is labeled as 18 to 35 The question posed during this sixth stage is intimacy versus isolation (Erikson, 1980). Although I am 37, I am in the decision of completing a committed relationship. I am newly in a relationship by one year. With this the situation and the other person being slightly younger than I am, the discussion has been brought across the table for our future and family planning. Although I have children, he does not and would want to have. This is the beginning of our family and with more planning in time I will get to know just how big our family will grow to be. At this point I feel that I am in the right relationship and that my outlook on a relationship has definitely changed, more on a morale aspect. I know it could be easily said that being in the relationship influences the way one thinks about the relationship. This relationship is far different from that theory. I was teetering on the seventh stage of Erickson’s stage of development theory. I was not looking for a relationship however just like theory six describes, this is when the person learns from all their relationship experiences and intends on getting it right finding that intimacy on a deep level. For once I can say I am there. At this point this describes exactly......

Words: 1143 - Pages: 5

Barclays

...perceptions regarding their own providers (Datamonitor, 2012). 2. Barclay’s products, services and customers Barclays Bank PLC operates within the global banking industry within the financial services sector since it offers services such as financial derivatives, bank credit and debit cards, electronic banking, and mobile banking. It is also regulated by industrial legislations and standards. Barclays Bank is one of the dominant and leading financial institution, offering financial services. The services offered are retail and commercial banking, personal banking, premier banking, business banking, corporate banking, wealth management, and investment banking. The products that are offered are credit cards, investment products, trusts and estates etc. (Datamonitor, 2012). The bank operates under two business segments: a) retail and commercial banking and b) investment banking and investment management. These two segments compete in the global market through providing high standards business and financial services/products brand portfolio. With a market leading position, innovative products and services created to address the rapidly changing customer demands, the bank serves 48 million customers. Barclay’s customer segments are wide including investment bankers, entrepreneurs, corporate clients, private clients, students, senior citizens and so forth (Barclays, 2013). Elaborating the product and services, these are categorized as: banking and finance, behavioural......

Words: 3504 - Pages: 15

Barclays Study

...basis for the introduction of an innovative new strategy toextend Barclays market segment. The analysis allows us to outline the best strategies to follow for the achievement of the bank‟s strategic goals. Attracting student and retaining will be marketed as a unique functional account while striving to reinforce the bank‟s status as the leader in innovation and successful bank product launches.  The marketing strategies initial targeted all overall student account increase of 25%.As a result, Barclays bank will increase its market share of the market, moving fromthird to second among the top four market leaders. The process of meeting customerneeds is going on with continuous plan to re-evaluating its student proposition toensure it relevance to the target market 2. Objectives This marketing plan aims to define the means of notching up Barclays current studentmarket share by 1.5% (960,000 student‟s accounts) from Barclays current marketshare of 8.9%.  The new Barclay‟s prepaid card that would be introduced will increase theprofitability of student accounts by encouraging customers to save, hence makingmore funds available for further lending by the bank.  The new current account package also aims at rebuilding consumer confidencetowards Barclays by portraying the bank as a responsible and socially consciousfinancial institution.  The new student account package also aims and building up Barclay‟s corporateimage and branding theme of being global bank......

Words: 628 - Pages: 3

Time Line

...Timeline Part I NOTE: Before starting the Timeline project please refer to the "Example Timeline Matrix" document. Instructions: Complete the matrix by providing the Time Period/Date(s) in column B, and the Description and Significance of the People/Event(s) to American History in column C. See complete instructions in the Syllabus for the Module 1 assignment entitled, “Timeline Part I.” NOTE: The timeline project does not need to be submitted to turnitin. NOTE: Please write your answers in a clear and concise manner. Limit your submission of the Timeline Part I up to 250 words per topic/subtopic. For example, if a topic is divided into 3 subtopics, you may write a maximum of 250 per subtopic listed. Be sure to cite all sources. Danielle Harris Major Event/Epoch in American History | Time Period/Date(s) | Description and Significance of the People/Event(s) to American History | 1) Describe three different American Indian cultures prior to colonization. | 1200s- 1900s | The Anasazi inhabited the Southwest including Colorado, Arizona, Utah and New Mexico. They were artisans in stonework, cotton fabrics, and basket making. They were agriculturalists and astronomers, and built elaborate dwellings and road networks for trade. The Iroquois were one of the largest tribes, dividing into a League of several nations with diverse languages and traditions and were best known as the People of the Longhouse for their multigenerational dwellings. Algonkian tribes were......

Words: 2307 - Pages: 10

Barclays Cocos

...Barclays CoCos 1 What is a Contingent capital bond and how do they work? A Contingent capital bond, also known as contingent convertibles, is a contingent capital investment, which, according to the article, is a “relatively new form of capital conceptualized in the wake of the crisis.”1 According to the frequently asked questions on the issue, “contingent capital securities are hybrid securities issued by financial institutions that are intended to provide leverage in good economic times and provide a buffer (i.e., loss absorption) under stress scenarios when it would be difficult for financial institutions to raise new capital.”2 This implies the usefulness of the CoCos in the good economic times as well as in crisis. According to the Financial Times lexicon, “contingent capital is debt that converts into equity when there is a crisis or when certain triggers are met… It keeps down the cost of capital in the short term, by classifying it as debt, but provides a buffer in case of emergencies that can be switched into loss-absorbing equity.”3 An example of a trigger could be that the Core Tier I capital ratio is falling below 5%. When that happens, coco bonds would then automatically be transformed into shares,4 providing capital. The trigger events and the conversion rates are stated in the contract with the investors. The remarkable trait of coco bonds is that “even though they pay a regular coupon (like plain vanilla bonds) there is always the risk......

Words: 1368 - Pages: 6

Barclays Acquistion of Lehman Brothers

...Barclays Acquisition of Lehman Brothers Background Barclays PLC, one of the main saving banks in the United Kingdom, agreed Sept. 16, 2008, to purchase the volume of Lehman Brothers Inc. for $1.75 billion. It has acquired parts of Lehman's equities commerce in Europe and took on some Lehman workers in Asia. Lehman, the fourth major asset bank in the United States, was one of the victims of the subprime advance disaster that led to the administration stand security of Bear Stearns in March 2008 and the conquest of advance giants Fannie Mae and Freddie Mac by the U.S. Treasury in advance in September of 2007. Worth as much as $45 billion in early 2007, Lehman incurred almost $4 billion in losses in the third quarter has seen its stock worth fall down and was faced with disciplinary downgrades in its credit rating, which would have made it tremendously hard to raise much-needed capital. (Clark, 2008) Fuld who was the Head of Lehman sought Chapter 11 bankruptcy defense for Lehman on Sept. 15 2007 after U.S. Treasury Secretary Henry Paulson made it obvious that the administration would not spend any of taxpayers money to fund any of Lehman’s faulty asset. Under Chapter 11, which shields a corporation from creditors' lawsuits while it reorders its finances, Lehman became more attractive to Barclays; the British bank then bought Lehman's choicest bits devoid of assuming its more than US$600 billion in liabilities. Under the terms of the contract, which got approval from the......

Words: 2852 - Pages: 12

Barclays

...According to FTSE 100 index, Barclays bank is among the strongest organizations, ranked at the 16th position. From the analysis, it is seen that the performance of this bank is well above average, but its inadequacy is evident among low-income earners. The future success of the company and maintenance of its competitiveness is dependent on increased focus on these areas. The Bargaining Power of Suppliers According to Porter, the power of the suppliers is highest when the cost of supply accounts for a larger proportion of the total organization’s expenditure, the suppliers have no competitors, and when the suppliers are very few. The depositors are the main suppliers of Barclays bank. Deposits from customers account for the largest part of the institution’s working capital. However, the company has global outreach providing it with a huge number of suppliers. In addition, the suppliers still control the institution's interest rates as the world has become more corporate. Therefore, the bargaining power of suppliers is high. The Bargaining Power of the Buyers Customers in the banking sector have more power due to more concentration and availability of knowledge of the market as well as the huge number of alternative financial institutions. The advantage of Barclays bank is founded on the king of products and services it offers. It offers insurance services, e-banking and free credit cards as some of the services that differentiate it from its main rivals. In general, the......

Words: 2260 - Pages: 10

Louis Vuitton Time Line

...inherit the business thereafter. 1896: Signature Monogram Canvas The company launched the signature Monogram Canvas and made the worldwide patents on it. Its graphic symbols, including quatrefoils and flowers (as well as the LV monogram), were based on the trend of using Japanese and Oriental designs in the late Victorian era. 1959: Revamped of Signature Monogram Canvas The company revamped its Signature Monogram Canvas. 1989: Proud Owner of 130 Stores Worldwide Louis Vuitton has officially opened 130 stores worldwide. 1997: Marc Jacobs as Artistic Director Louis Vuitton made Marc Jacobs its Artistic Director. In March, he designed and introduced the company’s first “prêt-à-porter” line of clothing for men and women. Also in the year, products introduced included the Monogram Vernis line, the LV scrapbooks, and the Louis Vuitton City Guide. 2012: Landmark Ruling in the US Stopped the import of any use to illegal brand trade mark imported to the US (vogue, 2012) 2012: Most valuable luxury brand for 7th year running (vogue, 2012) The Brand Owning Organization Louis Vuitton is a division of LVMH Moët Hennessy Louis Vuitton SE; LVMH is a European multinational luxury goods corporation, headquartered in Paris, France. The corporation was formed through a $4 billion merger between Louis Vuitton and Moët Hennessy allowing the Louis Vuitton division to expand its investments in the luxury industry whilst simultaneously saving Moët Hennessy from a takeover threat....

Words: 687 - Pages: 3

Barclays

...Case Study on Barclays Bank Introduction This case study paper will analyze the economics of Barclays, one of the largest financial providers in the UK and in the world. It will also use Barclay’s example to illustrate the peculiarities of banking industry functioning. Overview of the Business Barclays is an international financial services provider operating in more than 50 countries and serving more than 42 million customers worldwide. It engages in commercial banking, investment banking, wealth management and asset management. Its commercial banking arm offers services to British and international customers, including current accounts, savings accounts, mortgages, insurance, credit cards and consumer loans. It has a majority stake in Absa, a major South African bank. It has recently acquired Russia’s Expobank and announced its intention to buy Indonesia’s Akita. Barclays’ investment banking and investment management business cluster consists of Barclays Capital, Barclays Wealth and Barclays Global Investors. Barclays Capital is an investment bank that also offers consultancy, financing and risk management services. Barclays Wealth provides private banking, asset management, stockbroking, offshore banking, wealth structuring and financial planning services. Barclays Global Investors is one of the world’s largest asset managers and providers of investment management products and services. Barclays’ net income amounted to £23,000 million in 2007, up from £17,333 two......

Words: 1580 - Pages: 7

Clinique | APEXEL (1) | Richard Widmark