Sentences with phrase «of customer money»

In the place of the vulnerable exchanges we use today, the idea behind atomic swaps is that these large repositories of customer money could be rendered obsolete by code.

The Bitcoin community is on edge as a leaked document (below) shows that the Mt. Gox exchange, a longtime pillar of the virtual currency, is missing hundreds of millions of dollars worth of customer money and is heading for bankruptcy.

Current SEC regulations require broker - dealers to perform a detailed reconciliation of customer money and securities (known as the «reserve computation») at least weekly to ensure that customer monies are properly segregated from the broker - dealer's own funds.

All fiat currency or bitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company offices.

The first and largest Bitcoin exchange, Mt. Gox, collapsed in 2014 after losing $ 500 million of customer money to hackers.

Bitfinex, which is officially incorporated in the British Virgin Islands, has been fined by regulators in the United States and cut off by U.S. banks, and it has lost millions of dollars of customer money in two separate hacks, leading critics to question whether it even has the money it claims to hold.

Too much of our customers money is going upwards and sideways, and that's why customers look for alternatives.

Not exact matches

However, once we started working together, it quickly became clear that his way of doing business was totally different in terms of employees, customers and money.

In every case a huge amount of fixed costs up front is overwhelmed by the ongoing ability to make money at scale; to put it another way, tech companies combine fixed costs with marginal revenue opportunities, such that they make more money on additional customers without any corresponding rise in costs.

Check out of your own business and you risk hurting your employees, customers, and people — including family and friends — who gave you money because they believed in you.

For several days this week, Bitconnect said it had come under a «continuous» cyberattack known as a denial - of - service, depriving customers of their ability to withdraw money.

Leads are always more important than your brand, so don't waste money getting your brand right at the expense of spending that same money to buy new customers.

The customer will select the car... but TrueCar has to make sure it's insured, so we solve that problem by making sure the customer not only has insurance at their fingertips, but will also save a bunch of money.

You don't need to go out and spend marketing and sales money — all you need to do is have a better understanding of who your customers are and what their needs are.

In this podcast, Lewis Howes chats with millionaire Timothy Sykes about how we can cultivate loyal customers and make a ton of money.

«I believe the CEO of a small - to - medium business has three major duties: to make sure there is money in the bank; to get the right people in the right roles; and to guide the long - term vision for the company,» said Nick Gray, the founder and CEO of Museum Hack, a team - building company in New York City that counts major brands, including Facebook, among its customers.

Instead of keeping the money it doesn't need pay in claims, the company takes a fixed rate of its customers» premiums and donates any unclaimed money to charity at the end of the year.

CEO Hikmet Ersek talks up the humanitarian side of Western Union and how it helps its customers, many of them immigrants and refugees, to send and receive money for nominal fees.

Instead of charging the customer, Koho plans to make money with a cut of the interchange fees merchants disburse when processing payment cards.

PwC recommends, «Apart from traditional rewards such as credit vouchers for a certain amount of money spent, retailers could offer unique rewards that customers would experience in person (e.g., invite to an exclusive meet - the - designer or meet - the - chef event).»

None of the other many players in the space are making money, including Spotify — despite its 20 million paying customers.

Email these pieces to your customers instead of handing out physical copies to save money and increase convenience.

But 98 percent of LevelUp's customers also use the service to manage loyalty campaigns, which is how the company makes money.

It has been spending heavily to ramp up the digital side of its business so customers can move money in seconds with just a few clicks on their mobile devices.

The surprise discovery would turn out to be, to this day, the only hope Mt. Gox customers have of getting their money back.

Upon signing up, new customers choose the charity to which any of their unpaid money will be paid.

Many businesses spend tons of money in market research, but they tend to forget to include the most important factor to their customer acquisition and product development cycle — their customer's opinion.

Desjardins Capital Markets analyst Maher Yaghi, for one, expected a reduction of $ 5 to $ 10 in monthly revenue per user «as customers get the option to choose the channels they want to watch and move discretionary money toward OTT (over-the-top) services such as Netflix.»

Most companies spend a lot of time — and money — thinking about customer acquisition.

Instead of investing time and money into training a separate customer care team, companies can allocate their human resources to other, more important tasks, leaving their chatbot to provide assistance to vendors, suppliers, as well as third parties.

Here's why: Forrester Research states that less than 1 % of leads ever generate revenue for B2B companies, which means B2B marketers doing traditional lead gen waste 99 % of their time, energy, and money marketing to people who will never become customers.

(Besides, think of all the money you'll save on replacing the pens that customers love to steal.)

One of the best ways to boost your business revenue is simply to get more money from your existing customers.

You can then receive a sum of money worth slightly less than the receivables pledged until you've collected the money is collected from your customers.

It's not exactly like I'm asking for intimate details of the prospect's sex life, I'm asking (or in the case of buying, revealing) the amount of money the customer is prepared to spend.

In other words, it shows how good the company is at wringing more money out of its existing, highly caffeinated customer base.

A company that, say, releases several lines of detergent without making clear distinctions about why customers would want one brand over the other could be throwing money away, he says.

More than 1 million additional customers are expected to come from Goldman's acquisition of personal finance start - up Clarity Money, announced earlier this month.

During the recent Bitcoin blockchain fork in which a faction of the network broke off and created a new currency, Bitcoin Cash, some customers blasted Coinbase for saying it did not intend immediately to support the new money.

Hotels may try to accommodate guests to the best of their ability in these cases, but if a customer paid a deposit to a scam site, then the money is typically lost, said Katie Longo, a spokeswoman for the association.

More than just donating money, your company can be a platform for serving others who can benefit from your company's existence, whether it's the efforts and labor of your staff, the distribution of profits (check out Life is Good's Playmakers program), or just spreading important messages to your customers (for example, Patagonia, which has encouraged its customers to repair products, rather than replace them).

Prices of Obamacare insurance rose about 25 % for 2017 and large insurers including UnitedHealth Group (unh) have abandoned plans for next year, saying that they are losing too much money on sick customers.

Think about how much money you spend on new customer acquisition — is it less than $ 4 and a couple minutes of your time?

«Most of our customers have more than one of these [services], they're putting a lot of money into them, but aren't satisfied,» said John Case, corporate vice president for Microsoft Office.

A serial entrepreneur who founded his first company in high school, Smith says he knew better than to «[spill] the money ahead of the customers.»

My recommendation for first - time entrepreneurs, and the rest of us who don't have deep pockets, is to focus on customer problems that are causing pain today, and customers who are willing and able to spend real money on a solution.

If you're not being smart about reaching your customers via mobile, you're leaving a ton of money on the table.

«We want to be known as a place where customers can come to find the latest, coolest stuff, and where designers and creatives can come as a resource to get exposure and make some money,» says co-founder and director of business development Jason Morgan.

The $ 5,000 prize money they receive for the College Entrepreneur of 2012 award will be used for retooling the Star website — crucial because its interface allows customers who see a coupon they like to enter information and download a PDF, so that they don't have to carry a square of toilet tissue into a store to redeem the offer.

They spend a lot of money on marketing and advertising, they invest in great websites, they do everything they can to get more customers in the door or online and they succeed.