Helping Money Move on the Internet

Running head: HELPING MONEY MOVE ON THE INTERNET
Helping Money Move on the Internet
Name of the Student
Name of the University
Author Note:

1HELPING MONEY MOVE ON THE
INTERNET
Table of Contents
Introduction......................................................................................................................................3
Identification of the problem in the case.........................................................................................3
Analysis of key issue.......................................................................................................................5
Role of the business consultant linking with the functional areas...................................................6
Conclusion.......................................................................................................................................8
Reference.........................................................................................................................................9

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Introduction
The foremost determination of the paper is to focus on a business consultancy case
known as Stripe. This business organization helps in the movement of money over the internet
(Sekaran and Bougie 2016). The report will be having numerous sections and each of the
sections will be very much important to find out the effectiveness of the paper.
The case study describes the growth of a business organization Stripe which was
established in the year 2011 by the Collision brother. The service provided by this business
organization is very much important for most of the small and medium sized business
organization to accept payment from their consumers from the website, mobile devices, and at
the Point of Sale (POS). The prime payment issues faced by most of the starts up organizations
has been resolved using the service provided by this organization (Uhl and Gollenia 2016). The
payment processing infrastructure of the e-commerce startups had significant complications as
huge investments were required to develop the payment gateways (Markovich, Achwal and
Queathem 2017). There were lots of limitations in the development of these payment processing
gateways. In order survive in the competitive market, each of the e-commerce organizations was
looking for a large payment processor which will be attached to the traditional bank. The
following unit of the paper will be identifying the problems in the case.
Identification of the problem in the case
The primary problem faced by the start-up e-commerce is controlling of the huge
volumes of transactions. The conventional payment systems used by the e-commerce
organizations is numerous complexities and are not very versatile in nature considering the

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compatibility issues of the payment gateways with the devices used by the clients of the e-
commerce organization.
The consumers of the e-commerce organization faces numerous difficulties in terms of
the difficulties in the entire payment procedures. Presenting the photo identification of the
consumers for a financial transaction can be also considered as a constraint of these offline
payment systems. The other issue of the conventional payment system is the complexities of the
API. Huge amount of time are required in the conventional payments is the other difficulties
faced by the consumers of the e-commerce industry (Noe et al. 2017). These payment systems
are generally connected to the banks, the consumers face huge security issues while using these
payment systems.
The problem faced by Stripe considering their desire to grow in the international market
is the market competition of the local markets and targeting the larger merchants of USA. There
were lots of privacy issues in terms of the fraudulent activities associated with the use of offline
payment transactions (Rao et al. 2016). These offline payment systems do not provide security to
either the merchant or the consumer. The complexities of the tax regulations which are different
in different countries are sometimes not considered by these offline transactions.
The control of the sub-merchant accounts is also a concern for the offline payments
systems as well. The payment facilitators of the offline transactions are the other issue associated
with the use of the conventional offline payment procedures which were used by the e-commerce
start-ups organisations (Yeoh and Popovič 2016). There are other technical difficulties
considering the different types of credit card which are used by the consumers of the e-
commerce organizations. These offline payment transactions have compatibility issues
associated with the newest tools of the APPLE Pay, Android Pay and Bitcoins (Markovich,