Revenue of $22.7 billion was up 6percentt, buoyed by a $729 million pretax gain from a stake in Redecard, a Brazilian operation that acquires merchants for MasterCard.
As products move through the supply chain, the tax paid on the products by acquiring merchants can be deducted from the tax that the merchants then charge to their customers.
Q: Talk a little bit about the channels that you'd be acquiring merchants through.
Wyer, employee No. 3 at Braintree, was tasked with acquiring merchants and had worked with businesses like Airbnb, LivingSocial, Hotel Tonight and Uber, to name a few.
"What they're doing is more a b2b play, they want to be a basic payment system in Korea, and are acquiring merchants".
"The biggest challenge of mobile payments is acquiring merchants and acquiring customers," said Drew Sievers, chief executive of mobile banking company mFoundry.
"Good free software has spread virally with users in the industry enabling us to acquire new merchants very fast".
The chain has wrestled for years to define its identity; it acquired other merchants and rolled out new brands, but never managed to resonate for long with fashion-conscious shoppers.
Build your own website, and acquire a merchant account that allows you to accept credit cards.
In 1995 Sodexho acquired Gardner Merchant, a caterer in the U.K., and in 2001 bagged Marriott Management Services.
