AIRBNB The Payment System and Government RegulationsAirbnb支付系统和政府法规.docx

The Challenge of Global Payment System and Government RegulationsGroup #10Team Members:Lilia TaranErdenebaatar TsogtbilegSpring 2011IBUS 590-01 Professor Dr. HeimanSan FranciscoStateUniversityMay 2, 2011TABLE OF CONTENTSIntroduction ….………………………….…..…………………………………………3Airbnb Company Profile …………………..…………………………………………..4Payment System ……………………………………………………………………….5What is the challenge………………………………………………………….. 3What does Airbnb offer currently……………………………………………... 3The solution (First Tool)…………………………………………………….... 4How does it work……………………………………………………………… 6How to implement……………………………………………………………... 7Government Regulations ……………..……………………………………………….. 8(Second Tool)…………………………………………………………………. 12Summary ……………………………………...……………………………………….13References ………………………………………..……………………………………14INTRODUCTION This paper will examine the importance of new ideas and innovations in the fast-paced and challenging world of technology and business. It will focus on the importance of the payment system to help Airbnb to transfer money to 167 countries and connect them to a good part of 178 world currencies. How Airbnb can implement the credit card industry to help to deal with its problem. Also, it will show the importance of the government regulations and the potential harm it can put into the business with its law. How Airbnb can find allies thought out its competitors. This paper will show some creative ideas on how a company like Airbnb can deal with its challenges. How Airbnb can become pioneer in the industry and gain competitive advantage. AIRBNB Company Profile Rent Space Marketplace Website: /Internet Software and ServicesBlog: Headquartered: San Francisco, CATwitter: @airbnb Founded: August, 2008Phone #: (800) 615 3017(415) 800 5959Executive Team: Mr. Brian CheskyCo-Founder and Chief Executive Officer Mr. Nathan BlecharczykCo-Found