With this move, PayPal aims to become the default payment processor for small businesses and merchants by offering a complete array of services, enabling them to accept any type of payment.
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It is possible that this type of payment will soon be coming to the United States and other countries and this, too, will impact Netflix and other companies that stream content over the Internet.
Although this new type of payment concept has not yet begun to shift payment to reward value, the feeling is that this will be how healthcare is ultimately packaged, managed, and delivered in our new value-based paradigm.
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But no matter what the payment details are, every type of financial instrument is a promise, a promise of payment in the future, and so every single one of them presents an important question: How do I compare the value of money invested now, with money which I expect to receive in the future?
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They weren't sophisticated tie-ins, but they did provide an easy way to process a transaction over the web, including secure payment and rudimentary information about the name and type of vendor involved.
Irony abounds here, for these small businesses are exactly the type of companies that Square hopes will help spark the move toward mobile payment.
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As a result, every type of company involved with a debit card transaction, from the middle-man payment processing service to the company that owns the processing network to the bank that issues the card stands to have reduced revenue than they would have had otherwise.
These are a special type of share that pay a regular flat dividend in perpetuity, and which receive their payment in preference to the dividends paid out on ordinary shares.
Critics of bitcoin as a currency are quick to point out that not many merchants accept it as a payment type yet.
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