Wednesday, October 21, 2015

CHARGE!!

FROM THE MISCELLANEOUS FILE:

Deloitte sez that in 2014 barely .05% of payments were made using phone NFC or contactless technology.  Now it's at 5% and climbing. ("Contactless payments finally gaining momentum")

Phone Swipe merchants all have Next Day Funding. All transactions are automatically batched and settled each day. Batching occurs at 8pm Eastern Time, so transactions processed before that time will be included in the day’s settlement.  


A souring story: SquareIt didn't help when The Wall Street Journal reported in early 2014 that Square's losses were widening and it was running out of cash, so Square was discussing possible deals to sell itself to a larger company. Potential suitors were a who's who of Silicon Valley tech giants.
Another bad sign was that after quickly jumping to a $5 billion valuation by January 2014, the company was valued at $6 billion later that year in another round of funding. That change represented a fairly modest increase in the world of start-ups, and suggests that Square was unable to secure more favorable funding terms with private investors due to slowing growth.  (For entire article go to Source: Motley Fool)

What Is the U.S. Economic Outlook for 2015? Good, if You’re Rich


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