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:
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)
“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)
“Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.”
—Franklin D. Roosevelt (1882–1945)