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Outsourcing- At some point of time in business you definitely feel the need of outsourcing. This condition applies especially to those who own a growing business which is developing at fast pace. If you any particular work is difficult to handle in company premises or needs separate space and people you can think of outsourcing. It鈥檚 basically contracting a particular task to a professional organization or third party. The term outsourcing is used when we subcontract the work to an international company or overseas countries. When some midsize firm outsources work it allows them to give more importance to core activities and business and add value to all of operations.聽


Out of the many functions that a company can outsource IT outsourcing is the most preferred one. If you are planning for outsourcing it鈥檚 important for you to know its benefits and the ways to do it. IT Outsourcing offers a company several important benefits which I am listing below:


聽聽聽 * The costs of IT or any outsourcing in today鈥檚 day are much lower than hiring employees for in house work. A lot of overall cost is saved if we compare training construction and amounts spend on other processes.
聽聽聽 * It increases a company鈥檚 profits and productivity. Your core business model improves and gets better attention after outsourcing.
聽聽聽 * You get rid of inconsequential tasks and its problems. It鈥檚 all to be handled by someone else. Those repetitive tasks are no more lot your concern.
聽聽聽 * The operational reliability of a firm improves and new strategies can be implemented in better and faster way now.


Now days in spite of traditional agreements on service level Cowboys Zack Martin Jersey , a new approach is being used. Now contracts and negotiations are carried out with outsourced firms so to provide active governance measurements. This help both as far as the life of IT outsourcing arrangement continues.


Credit cards which moved from being embossed pieces of plastic to magnetic swipe cards a decade back are set for another transformation as the Reserve Bank of India moves to the next level of card security. An RBI panel has said that all credit cards issued three years from now should have an electronic chip and transactions should be authenticated by a personal identification number (PIN).


These recommendations have been made in a report by a working group set up by RBI to increase the security of transactions where credit cards are present (unlike online transactions). The report suggests that an alternative to PIN could be a biometric verification of the cardholder鈥檚 identity using data from Aadhar – the project by the Unique Identification Authority of India.


The move is expected to bring down the level of credit card frauds. But it would increase costs for banks and could also increase the time taken in some retail transactions because of the additional level of security in the form of a PIN. Some card issuers and banks have been proactive on this front. SBI, ICICI Bank, Citibank and HDFC Bank for instance has started replacing plain magnetic swipe high-end cards with dual cards having both the chip and the magnetic swipe.

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