don't be so hard on the lad. They tried to teach him this at Harvard and Princeton but they apparently curved his grade and pushed him through instead of actually teaching him :)
> the more phone calls they will get, and the easier they can do the hard-sale
A couple of reasons:
1. It lets them be flexible with what solutions they can offer.
2. For companies that do a few things, it can be really difficult to be clear and concise
Example: You own a company that makes consumer facing apps with a focus on QR codes. A potential customer who wants a website for an internal use may not choose you so you end up with garbage like "we create dynamic and flexible end to end solutions to enable your core competencies"
Yes. These people are so far removed from the actual products they create that you get this type of drivel. I can't imagine how much time was wasted with all this.
I'd imagine it is similar to them establishing a branch in the US. The business and the citizens would be governed according to the host countries laws.
The app seems to control door access and it presumably knows email, bank information, possible gps\location data, about its users so I may not be too difficult to ID a perp.
Doubt the police would get involved for small amounts but it likely depends on the precinct.
> The question is, who is giving the money to the banks that allows them to take this kind of a loss? People who have credit card debt???
The money comes from the business. The credit card company simply removes the money from the businesses bank account. This is one of the reasons it is so effective. Sometimes even mentioning the word "chargeback" when dealing with customer service will work wonders.