| Cards: Opportunities Abound In Crowded Payments Field
In the course of a decade, card-based payments have doubled in volume to account for 28 percent of all consumer payments. It's nearly half of the payments pie when excluding the amount spent on auto loans, mortgages and other debt vehicles unsuitable for cards. Credit or debit card use at the point of sale represents 56 percent of all purchases, interchange now accounts for 19 percent of issuers' revenues, and the number of card-accepting merchants now tops 6.1 million. It's obvious that consumers are comfortable swiping cards for groceries, utility bills, morning coffee and hamburgers. But as Celent notes in a new report on payment trends, cards are not close to conquering cash and checks: cards' growth market is $4.5 trillion. Much of that growth is going to be fueled by evolving trends in consumer behavior, added merchant choices and technology, as bank issuers seek innovative ways of building and retaining card customers whose average cost of acquisition is between $50 and $300.
Traverse Global Communications Corp Announces Partnership with Wells ...
Traverse Global Communications Corp is now an authorized private label reseller for Wells Fargo and Authorize.Net merchant account services to provide online real time e-commerce transactions. (PRWEB) October 11, 2005 -- Traverse Global Communications Corp has agreed to exclusively offer Wells Fargo merchant accounts and Authorize.Net transaction processing services to it's client base. By offering private label merchant accounts through it's Credit Plus (http://www.creditplus.net/) subsidiary, Traverse Global will be able to leverage the depth of quality services that their new partners offer to their existing client base. For just $29.95/mo, clients of Traverse Global will be able to process credit cards in real time through their own website and receive free web hosting along with a free shopping cart to conveniently process their orders.
Peak Gold to appoint Robert J. Gallagher as President, Chief Executive ...
This News Release contains "forward looking statements", within the meaning of applicable Canadian Securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold and copper, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these forward looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts" ,"intends" ," anticipates", or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" or "will be taken", "occur" or "be achieved".
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