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Li-Fi vs Wi-Fi: A Battle of Light and Waves

Li-Fi vs Wi-Fi: A Battle of Light and Waves Li-fi is a light fidelity device that supports only the infrared and other lighting systems to transfer the data to the device which is used to receive from the sender device. Wifi is a wireless fidelity device that supports the radio waves to transfer the data to the wifi device which is used to receive the wifi signals at the limited ranges due to the device version capacity. Introduction to the computer system and computer applications related topics are listed following below here: Li-Fi vs Wi-Fi: A Battle of Light and Waves Let’s discuss the computer system related topic and questions above listed and their answers are following below here: Li-Fi vs Wi-Fi: A Battle of Light and Waves There are some points on the computer system and data communication related to the topic of “Li-Fi vs Wi-Fi: A Battle of Light and Waves” following below here: Lifi based data communication system:- Li-Fi is a light based signal data transmission ...
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Discuss the application of information technology in banking?

Discuss the application of information technology in banking?

These banking applications are in a short description... like (Inventory control/financial system/accounting/investment analysis)

  • Bank uses computers to provide the online services to customers and to answer other queries regarding their bank balance, etc.
  • To handle cash, banks use cash dispensing machines.
  • Computer also facilitates electronic transfer of funds from one account to another.
  • All that a customer needs to do is keys in his identification number and the transaction details on the terminal’s keyboard. 
  • Immediately, the amount he specifies will be transferred from his account to the other account which he has specified.

Inventory control

  • Inventory means a list of goods. 
  • In organizations goods  such as raw material, finished products spares consumables etc. are kept in stock so that whenever the need arises these items are available off shelf. 
  • The business does not suffer on account of non-availability of the products.

Financial account system

  • Financial system is one that deals with transaction of money among different organizations or individuals. 
  • The system can be divided into Financial accounting and Management accounting.

Accounting 

  • Specialized software packages are used to handle accounts in medium sized companies. 
  • Accounting programs are used for data entry, billing, accounts receivable, accounts payable, inventory control, sales analysis, tax calculation, pay-roll preparation, auditing, budget analysis etc. are uses in tally ERP 9 software.

Investment analysis

  • Computers are used for analyzing investments for maximum returns. 
  • Many companies issue shares, debentures, etc. 
  • Some people relay on brokers or financial managers for taking decisions. 
  • But others like to analyze shares themselves using computers.

Can an online payment be safe for us?


Yes, it depends on using technique and protection from the nearby person to not allow you to see your privacy.

this image shows the diagram of application scans the qr code then user filling cost of product and make a payment to enter a code of debit card then ok to deduct from bank account.


The application which is used to make a payment online through the QR code scan from the shop when the customer visit the shop and they have a qr code to make a payment then the customer make a payment it will be deduct your money from the bank account as carefully paid with mention correct payment digit value on the make a payment section from the application software.

After scanning the QR code it is necessary to hide from other nearby people that they cannot see your code in any case.

The code is connected to your debit card classic to master card depending on the code length available on the debit capacity or quality or category.

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