Competition
Merchant services is a very competitive industry especially when it comes to credit card processing. Among the thousands of firms offering merchant services in the United States a few have been more dominant than others.
- First Data - Founded in 1969, First Data currently employees 33,000 workers and has become one of the nation's largest payment processors, specializing in credit card processing, ATM processing and electronic check acceptance.
- GlobalPay - although Global Payments and GlobalPay have a very similar name they are not associated with each other. GlobalPay specializes in payment processing through wireless devices and e-commerce systems, as well as traditional retail solutions.
Read more about this topic: Global Payments Inc.
Famous quotes containing the word competition:
“Never before has a generation of parents faced such awesome competition with the mass media for their children’s attention. While parents tout the virtues of premarital virginity, drug-free living, nonviolent resolution of social conflict, or character over physical appearance, their values are daily challenged by television soaps, rock music lyrics, tabloid headlines, and movie scenes extolling the importance of physical appearance and conformity.”
—Marianne E. Neifert (20th century)
“Knowledge in the form of an informational commodity indispensable to productive power is already, and will continue to be, a major—perhaps the major—stake in the worldwide competition for power. It is conceivable that the nation-states will one day fight for control of information, just as they battled in the past for control over territory, and afterwards for control over access to and exploitation of raw materials and cheap labor.”
—Jean François Lyotard (b. 1924)
“The elements of success in this business do not differ from the elements of success in any other. Competition is keen and bitter. Advertising is as large an element as in any other business, and since the usual avenues of successful exploitation are closed to the profession, the adage that the best advertisement is a pleased customer is doubly true for this business.”
—Madeleine [Blair], U.S. prostitute and “madam.” Madeleine, ch. 5 (1919)