Sentences with phrase «payment channel system»

Not exact matches

Currently, Bitcoin is still the dominant payment method for illegal goods on the cyber-criminal underground, but as the cryptocurrency's use as a payment system continues to decline, new and more efficient payment channels will take its place.

Masterpass QR which is a global digital system for Merchants, small and informal micro merchants, large corporate organizations and governments give customers access to fast, simple and secure digital payments options by using mobile phones, as customers now have the freedom to shop across devices and channels.

The Vice President who recently launched the mobile money payments interoperability system in Ghana maintains that, with other electronic payment channels such as the e-bills pay, instant pay and the introduction of the national identification card, the nation's ability to move faster towards a cashless system, stamping out corruption and turning around the fortunes of the economy, is assured.

But like Edison & Co. with the lightbulb, Bezos & Co. invented an entirely new distribution and payment channel and system for the eBook.

Much existing law about payments will remain in force, as many mobile apps will use the existing «rails» or channels of moving money: wire transfers, debit / credit cards / stored - value cards, financial institution clearing houses, and cheque clearing systems.

Brownworth described Spark as «smart contract driven,» and the Circle chief evangelist explained the payments company's need for state channels on any system they build.

But researchers Rami Khalil and Arthur Gervais believe payment systems like the Lightning Network don't go far enough, and they've proposed the Revive payment channel model, an idea that would enable longer - lasting payment channels that interact even less with the blockchain.

Such systems do not require a full - blown network but instead already benefit greatly from direct payment channels.»

So, the Lightning Network system utilizes bidirectional payment channels that consist of multi-signature addresses.

First in its order of challenges is create a system of two - hop payments, whereby two users can establish recurring payments within a channel, and these communications can pass through one or more additional intermediary nodes.

The payment processor could, in turn, also have channels with other payment processors, with more customers, turning the payment channel network into a hub - and - spoke system.

More information about the economics under SpankChain can be found in the white paper, but Soleimani is proud to have built such a complex system while others around the team, including ethereum developers themselves, struggle to go live with payment channels.

• Generate sales leads through telephone and email contact and direct them to appropriate sales team members • Respond to inquiries regarding the company's services and products according to company policy and protocol • Take orders over the telephone and in person and punch them into the sales system / database • Provide customers with information on the statuses of their orders and inquire into their preferred methods of payment • Assist sales teams in achieving sales outcomes and goals by providing logistical and administrative support • Provide support in carrying out dedicated sales activities and promotions to help meet sales targets • Organize and make arrangements for sales meetings, conferences and seminars • Create and maintain a clear channel / liaison between sales and production departments • Develop correspondence for both in - house and customer communication purposes • Receive, sort and distribute incoming mail to intended recipients • Create and maintain accurate records of customers and ensure that all records are backed up on a regular basis • Assist administrators in preparing and distributing schedules for staff members and oversee them to ensure that they are performing accordingly