Not exact matches
HPFS gross margin decreased for the three and nine months ended July 31, 2011 due primarily to lower portfolio margins from a
higher mix of operating leases and
higher transaction taxes, the effect of which was partially
offset by
higher margins on lease extensions and lower bad debt expense as a percentage of revenue.
The decrease in gross margin was the result of lower portfolio margins from a
higher mix of operating leases and
higher transaction taxes, partially
offset by
higher margins on lease extensions and lower bad debt expense as a percentage of revenue.
Disadvantages: depends on local liquidity i.e. cash - in locations where the buyer is located;
transaction size can be limited due to security, liquidity, or regulatory issues; fees charged can be
higher to
offset the operational costs of dealing in cash.
Designed for organizations with
high monthly
transaction volume providing an earnings credit allowance to
offset fees and full FDIC insurance coverage
For example, in New York, the
high transaction volume helps to
offset higher volatility.