Are all cars top speeds electronically limited?
No, the car has to be equipped with a "governer or a speed control unit, which is put it by a manufacturer typically on non-performance cars for the sole reason so that the car will be cheaper to insure thus attracting buyers. Performance cars especially Ultra High-line Exotics like Lambo's and Ferraris are made for speed, the people who buy them, buy them for speed and saving a few bucks on insurance is not on there agenda.
What is the difference between electronic & wire payments?
In a Simple language. Electronic payment or transfer is “fruits” and wire payments/transfer is an orange.Electronic funds transfer (EFT) is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems. Wire transfer is a type of EFT.There are many different types of EFT:Wire transfer via an international banking networkCardholder-initiated transactions, using a payment card such as a credit or debit cardDirect deposit payment initiated by the payerDirect debit payments, sometimes called electronic checks, for which a business debits the consumer's bank accounts for payment for goods or servicesElectronic bill payment in online banking, which may be delivered by EFT or paper checkTransactions involving stored value of electronic money, possibly in a private currencyElectronic Benefit Transfer – an electronic system that allows government's states benefits departments to issue money, accessible via a payment card.Hope that helps.
What is an electronic cheque payment system?
To put it mildly, electronic payment refers to a payment made from one bank account to another using electronic methods and E-check is just one of the electronic payment instrument.Check/Cheque is a financial instrument, you write a check by hand, the check can be converted to an electronic payment at the cash register/Bank. So, an electronic check is an electronic payment from/to your account processed through the Automatic Clearing House (ACH).There are couple of ways how a e-check works - explained better here: How Does a Paper Check Become Electronic?E-check flow :Imagine your customer handing you a checkyou enter the requested data into a point of sale (PoS)you slide the check through the check scannerInstantly, an image of the check is created and stored in the check scanner. An electronic transaction request is transmitted for approval after verification. A receipt is printed which the customer signs allowing for ACH funds transfer.Advantages of electronic check payment system is - it is secure, fast and has better processing efficiency. By far the biggest advantage of e-checks are they have reduced fraud losses for all parties.Technology behind E-check payments - Financial Services Markup Language (FSML), digital signatures using various algorithm, digital certificates to name a few.Electronic checks can be used to make a payment for any transaction that a paper check can cover, and are governed by the same laws that apply to paper checks.Use cases - Employee wages, Tax Refunds etcElectronic check payments system can be fully integrated to existing banking systems and can be leveraged to provide better financial solutions, reporting, processing and insights.
What's the difference between mechanical and electronic sewing machine?
Both mechanical and electronic (computerized) sewing machines use a foot pedal. The main difference is that an electronic sewing machine has a computer "brain", and a mechanical one doesn't. I've used both and much prefer an electonic one. They're faster, easier, and more accurate. A mechanical one requires you to manipulate most controls by hand. For instance, you push a lever or turn a knob to select the stitch to use, and it's width and length, on a mechanical sewing machine. On an electronic sewing machine, stitch selection is made by the main PC board stitch memory and stepping motors which control the stitch configuration, including preset length and width. So, all you do is push a button to make a selection. It's much more precise than a mechanical stitch selection. Electronic sewing machines are almost like robots at times. They can recommend the proper presser foot, divine the right thread tension and stitch length, size and sew a buttonhole automatically to exactly fit a button, and automatically cut the thread.
Is it time to admit that electronic transactions are highly unreliable? Almost every day we learn of another glitch in card systems, or major data breaches.
Your question makes assumptions without providing any evidence for those assumptions. A serious conversation on the topic should provide data and proof of those assumptions before asking the question.The question assumes that electronic transactions are “Highly unreliable” but…compared to what? The opposite of electronic is, I guess, analog transactions so cash or other item like precious metals or rare minerals and gemstones?It assumes that “hearing about glitches almost every day” is an unacceptable state. On the contrary, I’d say the fact we hear about digital breaches at all is part of the proof that they are not common. Physical theft happens all the time, in a variety of forms. Analog payments have inefficiencies that are so common that they aren’t newsworthy. The news broadcasts rare and extreme events, so coverage of digital breaches seems more like evidence that digital payments are relatively more secure.Electronic transactions are getting more and more secure, useful and efficient over time. That said, any individual who is opposed to electronic transactions is welcome to bury gold in their backyard, store cash under a mattress, and only make purchases in-person at nearby stores who accept cash. Increasingly….vendors don’t want to accept cash for large transactions and will use anti-fraud measures when accepting bills. That, as well, informs us about how reliable analog payments are.