The Green Sheet Online Edition
September 14, 2009 • 09:09:01
10 Years ago in
The Green Sheet
Merchants double credit card usage
An annual survey by the accounting and consulting firm Arthur Andersen LLC reported that 47 percent of entrepreneurs interviewed used credit cards as a financing source, double the number recorded in 1997. "A few years ago, credit cards were considered bad or dangerous for business, but now it's clearly acceptable," said Nancy Pechloff, Managing Director of the Enterprise Group at Arthur Andersen.
ISOs needed for prepaid
In Person Payments of America Inc., a service provider to unbanked consumers, sought to expand its ISO channel. IPP, which offered services such as electronic bill pay and prepaid phone cards, said as much as 25 percent of the country lacked traditional banking relationships.
E-commerce touted as job creator
CyberCash Inc. (now PayPal Inc.) told a U.S. Senate forum in June 1999 that the growth of the Internet as an electronic marketplace would account for the creation of 1 million small business jobs in 2000 and 2001. The figure was a conservative estimate, not taking into account home-based businesses or possible "multiplier" effects associated with increased revenue.
Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.
