Third Party Escrow

Running head: THIRD PARTY ESCROW 0

THIRD PARTY ESCROW

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THIRD PARTY ESCROW 1

THIRD PARTY ESCROW.

1) Third Party Escrow

Pinkas, Sander & Horne (2017) has defined the third party escrow as a financial

arrangement that allows for an intervention of a third party in a transaction between two parties;

holds and controls fund disbursement for the two parties after the term and conditions are fully

satisfied. The legitimate role of this service is to facilitate transactions and ensure security for

both involved unknown parties by keeping the payment securely in an escrow account and

disburse them if only the agreement satisfactorily met as viewed by the escrow company (Pinkas,

Sander & Horne, 2017)

A case of a genuine third party escrow responsibility for online exchanges incorporates

bringing installment with PayPal, escrow as well as other internet choices, bank, and Cheque

handling charges, and exertion among other services

(https://business.tutsplus.com/articles/taking-payment-with-paypal-escrow-and-other-online-

options--fsw-50).

Third Party Escrow system has been manipulated to cause fraudulent on the internet

platforms through the bogus methods. With an end goal to influence a watchful Internet sell off

member, the culprit suggests the application of a Third-Party Escrow service while the victim is

ignorant that the culprit has developed a fake Third Part Escrow site that intently takes after an

actual and authentic escrow service. The victim makes the payment through the phony escrow

company account and consequently get nothing because the process is a fraud, not legitimate

(Pinkas, Sander & Horne, 2017).

THIRD PARTY ESCROW 2

2) What is the difference between the ability of a manager to retrieve information

instantly on demand using an MIS, and the capabilities provided by a DSS?

According to Peppard, J., & Ward (2016), the managers had been depending on the MIS

capabilities to retrieve the needed information from the system. The process was easy and fast

since the data for the commands was typically and in advance designed for such requests. On the

other hand, a DSS support system, the abilities are extended such that the managers can obtain

the data diversely. DSS give the abilities to a director to partake in intelligent expository

displaying with a specific end goal to settle on a more informed choice. DSS programming is fit

for encouraging both semi-organized and unstructured choices confronted by individual

directors. They are intended to utilize leader's own particular bits of knowledge and decision

makeup in an impromptu, intelligent, systematic displaying approach leading to a particular

choice (Peppard, J., & Ward, 2016).

THIRD PARTY ESCROW 3

References

Peppard, J., & Ward, J. (2016). The strategic management of information systems: Building a

digital strategy. John Wiley & Sons.

Pinkas, B., Sander, T., & Horne, W. G. (2017). "Systems and methods for conducting

transactions and communications using a trusted third party." U.S. Patent No. 9,672,514.

Washington, DC: U.S. Patent and Trademark Office.

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