Ida Bemadtotellya

3 Comments

    • ON: Thu Apr 24th 09:01 AM
      Commented on:
      Challenge to Cellular Industry: More Judicious Use of Statistics
      I see the lack of take-up of mobile phones and mobile data connections hampering the mobile market for quite some time to come. This inhibits the penetration of mobile phones into the transaction space.

      The main uses of the mobile phone are Voice and SMS, and will closely followed by transactions.

      As new systems roll out later this year which enable anyone to use any phone for safe transactions and micro-payments there may be a further slow-down in smart phones and mobile data connections. With consumers being able to use any phone for those three tasks the demand for high end phones may be reduced. As for data connections, they'll be the first thing to go when the wallet shrinks. Viruses and other issues will also influence consumers in their choices and may see a predominance of simple no data connection or java phones, especially seeing they can still provide the three uses mentioned above.

      There are every few mobile phone transaction systems with the potential for ubiquity under these circumstances and they are the ones to watch.
      View article »
    • ON: Thu Apr 24th 03:52 AM
      Commented on:
      Visa and Mastercard: The Mortgage Brokers of the Credit Card Industry
      Another incorrect assumption:

      'Mortgage brokers have no direct credit risk either and they get an upfront fee when the transaction closes. If a borrower defaults, mortgage brokers do not lose a penny'.

      Many mortgage brokers also receive a 'trailing' commission. If the borrower defaults and is foreclosed, or 'churns' to another lender, the mortgage broker's trailing commission disappears. The operators of these mortgage brokers did not, of course, often tell their sales staff about the trailing commissions.
      View article »
    • ON: Wed Apr 23rd 21:19 PM
      Commented on:
      Visa and Mastercard: The Mortgage Brokers of the Credit Card Industry
      First:
      Your assumption that credit card usage is up and cash is disappearing is WRONG. it's the OPPOSITE.
      See:
      www.epaynews.com/resou...

      Second:
      You assume no competitors or margins squeezed - WRONG
      Competitors will emerge soon, with lower costs for merchants and consumers.

      Basically you are talking crap, based on inadequate research. Have a guess why don't you?

      I think Visa will be lucky to make it out of this 'recession' unless they can buyout all new competitors.

      In Europe the ECB has implored members of the EBA to set up a competitor to Mastercard and Visa in Europe with lower interchange fees. Do you think the Eu banks won't? Get real, there's money to be made and plenty of government support for any new competitor. Do you have some dream that Visa and Mastercard will dominate China and India or that Japanese will start using credit cards?
      The financial world is changing very fast, but you still have to do your research!

      If interchange fees were negligible, where would you be on Visa and Mastercard?
      The writing is on the wall, the banks have cashed in and any day they'll start screwing them - and you. They are just waiting for your bunnies to line up and buy their shares in Mastercard and Visa which have peaked.
      Sure if you get enough ignorant nuts on board you can spike the price but...

      At least I base my opinion on knowledge.
      View article »
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