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7 results for “payments”
Concept3 mentions across episodes
payments
...payments upfront, which is why this business is also called prepayments. This ends up being a win win for all the parties involved. The merchant gets a discounted upfront cash inflow.
49:32 / 50:34
from transcript49:32 – 50:34
...payments is about a 120,000,000,000,000 if they can access it. B to b commerce is actually just much larger than b to c commerce if you think about the amount of money that flows over invoices that are, paid via ACH or wire. Visa, I think, is intense
3:34:27 / 3:35:37
from transcript3:34:27 – 3:35:37
So the sales drafts get handed to the licensee. So you've got let's say you're running a department store and keep going with the Illinois example that you said. So you're running a Chicago department store. After a whole day of sales, you've got a b
54:32 / 55:45
from transcript54:32 – 55:45
...payments upfront, which is why this business is also called prepayments. This ends up being a win win for all the parties involved. The merchant gets a discounted upfront cash inflow. The consumer gets to split large purchases into multiple interest
50:16 / 51:19
from transcript50:16 – 51:19
about 10% more in terms of the basket size, so the amount of things that people are purchasing. And then some of the companies are reporting up to 80% more in terms of the actual transaction. So that's pretty significant for retailers, and I think it
24:43 / 25:45
from transcript24:43 – 25:45
...While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely nonreversible transactions are not really possible. Think about chargebacks on credit cards all the time. Lik
32:15 / 33:18
from transcript32:15 – 33:18
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