Sentences with phrase «as a payment system in»

The poll showed that forum users would have preferred the site to support Monero and Dash as payment systems in the future, showing Monero's rising popularity.

On top of that, Bitcoin has value as a payment system in itself, which gives it even more value.

Not exact matches

In reality, most mobile payment methods are just as secure as credit card transactions, and many are protected by the same provisions that make traditional POS systems PCI compliant.

As the WSJ report notes, Canada is in good shape to accommodate the payment system, which lets iPhone 6 and Apple Watch owners pay by waving their devices over a point - of - sale terminal.

But today, Srinivasan said, there are competitors in the cryptocurrency transaction market that would be better suited as payment systems.

And the G4S report cites taxi service Uber as an example of a business, famed for its electronic payment system, which saw exponential growth when it introduced a cash option in Asia, Africa and South America.

The banking system was hyper - competitive and quick to take risks in pursuit of profits; policymakers aggressively pushed homeownership through measures such as tax breaks for mortgage interest payments; and weak recourse laws let mortgage defaulters off the hook.

The government will «take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» India's finance minister told lawmakers in New Delhi in February, according to a transcript by The Hindu newspaper.

Lettuce In addition to inventory management, this iPad - only app integrates related systems such as order capture, payment processing, shipping and tracking, customer relationship management, and sales and order analysis.

«Emerging market powers eager to move away from being tied to the monetary policy of the U.S. and the banking system as well as to adopt the block chain as a payment system prove willing adherents as they adjust to zero interest rates and the decrease in systematic risk.»

Investors can participate in the potential of companies such as TIO Networks Corp. (TSXV: TNC), an expedited bill - payment processor, which recorded $ 36.5 million in revenues in 2011, an increase of almost 50 % over the previous year, and Verisante Technology Inc. (TSXV: VRS), a medical device company that commercializes cancer detection systems using a platform developed by the BC Cancer Agency.

As an example, almost every major retailer (except Apple and maybe Starbucks) is playing catch - up on in - store mobile payments because they are captives of old POS systems.

In a future world where cash becomes marginalized and digital «credits» take over as a system of payments, companies find old - fashioned stock issuance a trite method of raising funds.

«The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» Arun Jaitley told lawmakers in New Delhi, according to a transcript by The Hindu newspaper.

The EC alleges that IKEA used an intercompany loan to offset tax, saying: «As a result of the interest payments, a significant part of Inter IKEA Systems» franchise profits after 2011 was shifted to its parent in Liechtenstein.»

Founded in 2005, Priority Payment Systems now processes about $ 7 billion in transactions per year and caters primarily to retailers, restaurants, and banks, as well as car dealerships and health care companies.

We should as a central bank be prepared to be able to fulfil our objective to facilitate a payment system for people and that should work also in a digital society.»

While the payment - card - processing system as a whole isn't in danger, the proliferation of mobile devices will have a significant effect on the way we pay.

Entrepreneurs in the field say that focusing on the price of Bitcoin is missing the point — its value is as proof of concept for a new kind of payment system not reliant on third parties like governments, big banks or credit - card companies.

Founded in 1995 as ACS Merchant Services, TransFirst's comprehensive range of merchant products and services includes point - of - sale systems, online and mobile credit card processing, telephone processing solutions, payment processing equipment, secure payment processing, small business credit card processing, and more.

The effect of transfer payments to the financial sector — as well as the $ 5.3 trillion increase in U.S. Treasury debt from taking Fannie Mae and Freddie Mac onto the public balance sheet — is to support asset prices (above all those of the banking system), not inflate commodity prices and wages.

Jim McKelvey and some anonymous guy from St. Louis named Jack Dorsey founded Square payments systems — not in the Bay Area — but in St. Louis; Mercy Hospitals is revolutionizing virtual healthcare here and Washington University Medical's Human Genome Project has been hailed as groundbreaking.

At a basic level, in order to be classified as a fast payment service the system must provide interbank, account - to - account payments in less than one minute end - to - end and be irrevocable.

FIS in its 2017 report on fast retail payment systems noted that there were some retail payment systems with real - time features as early as the 1970s and 1980s.

«The Government does not consider cryptocurrencies as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.»

In her analysis, Ms. Chu estimates that at the end of 2016, as much as 22 percent of the Chinese financial system's loans and assets will be «nonperforming,» a banking industry term used to describe when a borrower has fallen behind on payments or is stressed in ways that make full repayment unlikelIn her analysis, Ms. Chu estimates that at the end of 2016, as much as 22 percent of the Chinese financial system's loans and assets will be «nonperforming,» a banking industry term used to describe when a borrower has fallen behind on payments or is stressed in ways that make full repayment unlikelin ways that make full repayment unlikely.

«PIAC is calling on policy makers to define «loyalty currency» as a form of non-cash payment, with the intention of having loyalty currency enjoy protections similar to other forms of payment under the payments system in Canada» added John Lawford, Executive Director of PIAC.

To jog your memory, Bitcoin is considered the world's first cryptocurrency, launched in 2009 to decentralize the financial sector and act as a universal payment system absent a central bank or administrator.

Calling out Ripple as a leader in applying blockchain and distributed financial technology to the basic failures of the cross-border payments system, Finextra quotes Marcus Treacher, Global Head of Strategic Accounts at Ripple.

Thus, while it initially appeared that the bill was designed to foster entrepreneurial development of decentralized systems, such as the Ethereum network, to allow individuals to reclaim some power from large companies, the bill does not accomplish that aim as it treats public and private blockchains (and possibly even legacy payment systems) equally.By opening this loophole in the definition of blockchain, Nevada does not appear to be showing any more support for the blockchain upstart community than it shows for multinational financial institutions and banks at large.

As long as this behavioral condition remained in place, the international financial system operated fairly smoothly under checks and balances, albeit under «stop - go» policies when business expansions led to trade and payments deficitAs long as this behavioral condition remained in place, the international financial system operated fairly smoothly under checks and balances, albeit under «stop - go» policies when business expansions led to trade and payments deficitas this behavioral condition remained in place, the international financial system operated fairly smoothly under checks and balances, albeit under «stop - go» policies when business expansions led to trade and payments deficits.

But even as discrepencies in the Continent's Target2 payment system shrink, danger still lurks.

However, in February, Finance Minister Arun Jaitley said the government «will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.»

Bitcoin is a peer - to - peer payment system and digital currency introduced as open source software in 2009.

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Sharetribe Go's built - in payment system allows your providers to receive money straight to their bank account and accept all of major credit cards and PayPal as payment methods.

In this way, the value of Bitcoin comes from both its gold - like characteristics as well as its payment system abilities.

They should also work on incorporating PayPal into their banking system as it is one of the most widely used payment services in the world.

Sharetribe Go's built - in payment system, using Stripe and PayPal, allows your providers to receive money straight to their bank account and accept all of major credit cards and PayPal as payment methods.

Last week, Bank of America's (BOA) released their SEC annual report that also contained a mention of cryptocurrencies as a threat to their business, with the risk of competition described in very similar terms: «the widespread adoption of new technologies, including internet services, cryptocurrencies and payment systems, could require substantial expenditures to modify or adapt our existing products and services.»

Make sure your merchant system supports an alternative payment solution As in the case of foreign currency relative to the U.S. dollar, bitcoin rates can fluctuate.

These early security problems should come as no surprise to anyone involved in the field of computer science, but those entering Bitcoin from a financial background will want nothing to do with the currency until the payment system can be made fool - proof.

Anthony: I think it's important to note that this whole thing started about a decade ago with a white paper about a peer - to - peer, digital cash payment system, but over the past decade, people have realized that this underlying technology has a ton of applications, not just in financial services and payments, but in other industries such as health care, supply chain and so on.

«The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto - assets in financing illegitimate activities or as part of the payment system.»

The Bitcoin Exchange and Trading Services (cryptocurrency and a digital payment system) industry is indeed a large internet based industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al..

While its very large e-commerce has been a strong driver of the rise of alternative payment providers in the country, Citi points at a number of other factors that have facilitated the rise of those third - party payment companies, among which an under - developed banking system viewed by the public as quite unreliable (unsurprising given how tightly controlled banking is in China, which has stifled customer - oriented innovation), and «relaxed regulation.»

connection with its entry into arrangements with the Russian Central Bank and its newly created subsidiary JSC National Payment Cards System (NSPK) to migrate the processing of transactions made on Visa cards in Russia to NSPK, with the Central Bank acting as the settlement agent.

Under this scheme the CBDC would be held by banks and other participants in wholesale payment systems (but not by the general public), identified (as opposed to anonymous) and non-interest bearing.

Ripplecoin, created in 2011, was built on the same protocol as Bitcoin but services as a payment system — think of it like a Paypal for cryptocurrencies that supports any fiat currency, cryptocurrency, commodity or even frequent flier miles.

«The government does not consider crypto - currencies legal tender or coin and will take all measures to eliminate use of these cryptoassets in financing illegitimate activities or as part of the payment system,» Jaitley said.