The decision by three major U.S. wireless carriers to partner with leading credit card companies on a mobile commerce initiative will boost the market for embedded payment technology in cell phones, helping global shipments of handsets with near field communication (NFC) technology to rise to nearly 550 million units by 2015, according to new IHS iSuppli (NYSE: IHS) research.
AT&T, Verizon and T-Mobile said they would work with Visa and MasterCard on their Isis joint venture, which was established to form a nationwide infrastructure for NFC enabled mobile payments using mobile handsets in the United States. The original Isis joint venture announced in November 2010 did not include Visa and MasterCard, the largest U.S. credit card companies. Instead, Isis employed Discover Financial Services and the U.S. arm of U.K. bank Barclays to handle the monetary aspects of commercial NFC mobile payments services in the United States.
“By partnering with the dominant players (Visa and MasterCard) the wireless carriers are making the right moves to create an ecosystem that will allow consumers to become comfortable with making NFC payments through their cell phones,” said Dr. Jagdish Rebello, director and principal analyst for communications and consumer electronics with iSuppli. “The carriers hope to leverage the dominant position enjoyed by Visa and MasterCard in credit card payments to ensure a seamless consumer experience when customers use their mobile phones to make payments. Such a move will drive an increase in unit shipments of cell phones with embedded NFC capability in the United States and around the world.”
With the participation of Visa and MasterCard, the Isis system will allow consumer credit card information to be securely stored on cell phones, and will use NFC as the communication protocol to facilitate the financial transaction.
Combined with Google Inc.’s continued efforts to promote mobile payment technology in Android smart phones, the changes in the Isis initiative have spurred an upgrade in the IHS iSuppli forecast for global shipments of NFC-equipped cell phones. IHS now predicts 93.2 million NFC-equipped cell phones will ship worldwide in 2011, up from the December forecast of 79.8 million, as shown in the attached figure. In 2014, 411.8 million NFC cell phones will ship, compared to 220.1 million in the previous prediction.
Shipments then will rise to 544.7 million in 2015. This means that 30.5 % of all cell phones shipped in 2015 will have the capability to conduct mobile commerce using NFC technology.
NFC promises to revolutionize the way consumers pay for goods and services by allowing them to use their cell phones to make purchases. With NFC, consumers can pay their bus fare, buy a plane ticket or make an ATM/credit card purchase simply by holding their cell phones near wireless terminals.
The starting gun for the rapid growth of the NFC handset market was sounded last year, when Google said it would support the technology in the latest release of the Android operating system and would work to create an ecosystem for NFC payments. With this move, Google made a play for leadership in the mobile commerce segment.
Visa and MasterCard’s move to participate in Isis represents an attempt by these big credit card companies to prevent Google from gaining a strong foothold in the market for mobile payments.
With the addition of the major financial firms, the Isis effort is set to gain momentum over the long term. However, Isis is facing some short-term delays while it recalibrates its mobile payment strategy to suit Visa and MasterCard.
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Are You Looking For Business Receivables And Buy Out Partner
Individuals looking for business receivables are usually referring to a business’s accounts receivables, an asset account that tracks the money owed to a business. Companies usually allow frequent customers and purchasers of large quantities of goods to pay on company credit. Customers usually have one to twelve months to pay off their accounts, depending on the amount owed. Some businesses also provide small percentages off accounts that are paid within a short amount of time to increase their cash flow.
When recording an addition to the accounts receivables, individuals must debit the receivables and credit the revenue account. Once a customer’s balance is paid off, the receivables must be credited and the cash account must be debited to balance the ledger. The receivables account is considered an asset because it is a record of money legally owed to the business. Therefore, businesses must be prepared for customers who may fail to pay their balances on time. Businesses can charge late fees to these accounts. If customers continue to not make payments, a business has the right to contact collection agencies and lawyers.
Because accounts receivables, sometimes referred to as business receivables, are considered assets, businesses may use them as collateral for loans and other financial options. The most common method of using receivables to obtain funding is through factoring, which allows a business owner to sell its accounts to another company for immediate cash. A business only has to process credit card orders to qualify for factoring.
Looking for buy out partner generally refers to entrepreneurs searching for information regarding buying out the shares of a business partner. Partners may decide to leave a business if they retire, relocate, disagree with other business owners, or otherwise are unable to contribute to the business.
The first step to buy out a partner is to determine how much the partner’s share of the business is worth. To settle this dilemma, many partnerships compile and sign partner agreements that set a pre-determined price in the case of a buy out. For businesses who do not have partner agreements, the value of the partner’s shares may be determined by the business’s current market price or the amount invested by the partner.
Once a price is settled, the individual buying out the partner must find capital to finance the buy out. Capital may be obtained from family, friends, investors, or financial lenders. Although most lenders do not provide funding specifically for buyouts, they do offer loans for general business purposes. Most buyouts require large sums of money, so it may be difficult to obtain the needed funds from a lender if a business owner does not have a stable financial history or collateral. Therefore, some business owners may seek out another investing partner to buy the shares of the partner who is leaving the business. With this method, the individual does not have to obtain additional funding by basically replacing the partner who is leaving.
Looking for Business Receivables
Looking for buy out partner
Business Acumen: Buying Out A Small Business Partner
Looking for buying out a partner generally refers to businesses searching for information on how to purchase the shares of another partner. Partners may decide to leave a business if they are retiring, relocating, or otherwise can no longer take part in the business’s activities.
The first step in buying out a partner is to determine how much the partner’s shares are worth. This can be determined a number of ways. Value could be based on the market value of the company, the amount invested by the partner, or a pre-determined price detailed in a partnership agreement.
The next step when looking to buy out a partner is to find capital to finance the buy out. Though most lending institutions do not provide loans specifically for buying out a partner, they do offer loan programs that can be used towards any general business purpose. Most buyouts require large sums of money, and to apply for a large loan, lenders usually require personal and company financial documents, a business plan, and credit reports. Collateral is also required for secured loans, which can provide lower interest rates than unsecured loans.
If a business is looking to replace a partner, it may be able to obtain funding from an investor. Partner investors contribute large sums of capital in exchange for a portion of the business’s profits and a voice in the business’s decisions. In the case of buying out a partner, an investor could purchase the shares of the leaving partner and become part of the business.
Small business buying out partner usually refers to small business owners searching for information regarding buying out another business partner. Partners may wish to sell their shares of a company when they retire, relocate, or otherwise can no longer take part in the business’s activities.
The first step in buying out a partner in a small business is determining the value of the partner’s shares of the business. To resolve this problem, many businesses with two or more owners create and sign a partnership agreement that pre-determines the value of every owner’s share of the business. For partnerships that do not have an agreement like this, the value can be determined by looking at how much the partner invested in the business or how much the business is currently worth on the market.
Once all partners have agreed on a selling price, the owner buying out must find financing. Most lenders don’t offer loans specifically for buyouts, but their loans can usually be used for any business purpose. Buyouts typically require large sums of money, and lenders have more extensive requirements for large loans. To get a lowered interest rate, many borrowers use personal or business assets to secure the loan.
Another source of financing for a small business buying out a partner is another investor. If a business owner can find an investor who is willing to purchase the other partner’s shares, then the owner will not have to take out another loan. The business owner simply gets a new partner to work with.
Buying Out Partner Loan And Partner Online For Business
A buying out partner loan is funding provided to a business owner to purchase another owner’s shares of a business. Lending institutions do not always provide loans for specific purposes, such as buying out a partner. Instead, they usually provide loans that can be used for almost any legitimate business purpose. Therefore, obtaining a general-purpose loan for a business can be used towards buying out a partner.
Business owners can obtain different types of loans to buy out a partner from banks, the Small Business Administration, and other financial institutions. The two major types of loans are secured and unsecured loans. Secured loans require borrowers to supply assets as collateral for the loaned funds. Failure to repay the money can result in the lender seizing the collateral. Unsecured loans only require a borrower’s signed promise to repay the loan. Because these loans carry a higher risk of not being repaid, their interest rates are generally higher than those of a secured loan. Before deciding what type of loan is best for a business owner who is buying out a partner, he or she should estimate the total value of the partner’s share of the company.
Depending on the amount of funds needed to buy out a partner, a business owner may be asked to supply business and personal financial statements in order to be considered for a loan. If a business owner is applying for a large sum of funds, he or she may also be asked to provide a working business plan that outlines the how the money will be applied towards the business.
Buying out partner online usually refers to business partners using the Internet to research how to buy out a partner and where to find financing to do so. When on owner of a business decides he or she can no longer be a part of a business, usually another owner of the business will buy out the departing owner’s shares. Many websites are available to assist companies with the buying out partner procedure.
Many buying out partner online resources list the procedures or factors to consider when buying out a partner. The first step is to determine how much the partner’s share of the business is worth. This can be calculated by considering how much the partner has invested in the business and how much the business is worth. This data can usually be found in a business’s financial documents. The next step to buying out a partner is finding funding resources to complete the buy out. Most lenders do not provide loans specifically for the purpose of buy outs, but they do offer loans for general business purposes.
When looking for buying out partner online funding, most business owners go through the lending institutions they already have accounts with. These lenders may be able to provide a large loan with lowered interest rates. If a business owner has to obtain funding from a lender he or she has not done business with, the lender may require personal and business financial documents, credit reports, and a business plan. A business with financial stability will be able to obtain larger loans at lowered interest rates more easily than a business with a poor financial history.