In a wide-ranging presentation to investors and other audience members at the Jefferies 2016 West Coast Payments Conference on Tuesday (Sept. 27), Square CFO Sarah Friar commented on the company’s growth plans and future opportunities for expansion. Her remarks make one thing clear: Square sees its reach as expanding far beyond accepting payments with a […]Read more "Is Square Changing Its Stripes? APIs Target Stripe and Braintree Approach to ISVs"
Here is a case for distribution: A U.S.-based software firm was attempting to enter Asian markets. It thought the quickest way to success was to find accomplished distributors who would carry its software. U.S. firms experience an 85 percent failure rate selling to Asia, so this firm wasn’t willing to undertake heavy investments there. After […]Read more "International Business Article – Is Getting A Distributor Enough In International Business?"
A July exposure of transaction records from 899 submerchants serviced by payment facilitator BlueSnap highlights an important lesson for PFs. In addition to making sure their own houses are in order, they bear responsibility for their submerchants and service providers as well. PFs who control all aspects of the card entry, where it’s impossible for […]Read more "Unregistered Third Party Regpack’s Exposure Of 324,000 Transactions Proves A Cautionary Tale For PFs"
Chromium-6 In Hundreds Of Wells Across U.S. In the film Erin Brockovich, the environmental crusader confronts the lawyer of a power company that polluted the tap water of Hinkley, Calif., with a carcinogenic chemical called chromium-6. When the lawyer picks up a glass of water, Brockovich says: “We had that water brought in ‘specially for […]Read more "Tap Water Exposing Millions To Carcinogen"
As the European Union nears the creation of new rules on payments providers for consumer authentication, many question their utility. The European Banking Authority’s proposed rules say that service providers have to choose two of three verification methods: knowledge (such as a password), possession (a card, phone or wearable) and/or inherence (fingerprints, voice or iris […]Read more "Strong Authentication? Unanimous, But Many Say EU Proposed Rules Risk Sacrificing Innovation And Growth"
All the digital payments innovation will pay off in some crazy numbers soon, says a report from non-profit think tank The Demand Institute, which is run by Nielsen and The Conference Board. That strengthens the future of PFs worldwide, as cashless payments could result in over $10 trillion in additional consumer spending over the next […]Read more "Exploding Internet Access Plus Ubiquitous Smartphone Use Equals Digital Payments Boom"
Native Americans Attacked By Canadian Company Over Oil Have you seen and heard about the growing protest in North Dakota over the Dakota Access Pipeline? Canadian oil giant Enbridge is plowing through native American land to enrich its shareholders. The standoff has reached a boiling point and it has exposed a dangerous crack in our […]Read more "Foreign Corporations Have More Rights Than American Citizens"