Introduction of New Debit Card for Securing Funds of Red Cross from Misuse - Essay Example

The concept of the plastic money was implemented in developed economies and then, the very important concept expanded across borders. The innovative kind of Debit Card is developed that will be issued to the members of Red Cross team who handle and manage cash on a frequent basis. The secured Debit Card is ideal for those who have to manage finances. The banks will give special access to their financial records and the mail will be generated in the name head financial officer whenever the newest type of plastic money will be used in order to obtain cash. The new reporting system will allow the managers to keep a close eye on the financial transactions.

The idea is to eliminate or minimize the misuse of plastic money that is a very powerful issue for the organizations which are working for the fulfillment of humanitarian concerns. The same technology is already applied in the personal financial management in the form of Internet banking (Giannakoudi, 1999). The idea is legally backed up by the need to monitor financial transactions that involve money of donors. The Red Cross and other similar institutions have to defend and provide important information about where the money is used and consumed.

Additionally, the patrons are more than happy to see the actualization of stated organizational goals and objects. The objectives of the Red Cross profoundly include the provision of healthcare services to the general public and the prime focus of the organization remains on bettering the health of those who cannot afford high-priced healthcare services. The donations keep flowing into the organization, if the donors will continue to trust the operations of the entity.