Monthly Archives: March 2018

PSI Pay: The Differences Between European and American Payment Models

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The managing director of PSI Pay, Phil Davies, recently gave a personal perspective on the differences between American and European payment models. Since the dawn of time when bartering was replaced by the exchange of goods for currency wallets or purses have been used. This was because they offered a convenient method of carrying the currency that you needed to use in exchange for goods or services. As we entered the digital age, the wallet is now transforming from a physical object to more of an electronic concept. While the methods are different, the result is the same.

Phil Davies has described the difference between the American model and the European model of electronic wallets in regards to how his company PSI Pay functions within the financial technology marketplace. In the American model, it is based primarily on the fact that someone wishes to buy goods over the internet. In the American, business involves the trade of one class of goods for the same class of good. There are no elements of stored value. Sales are usually entirely based payment cards which lends to the possibility of chargebacks. In the model used in America when a customer goes to a merchant and decides to pay they are typically presented with various payment options. When one chooses the E-Wallet option it is generally linked to a card. This allows the easy specification of the receiver of funds and the transaction is in coded in an appropriate way, and the funds are then passed through to the end of the sale.

PSI Pay the financial technology company which is the leading payment processor in Europe has a different method of payment processing which Phil Davies has deemed the European model. In this model, there is catering to the various payment cultures across Europe in which only one of the options may be cards. One significant difference in this model is the incorporation of a stored value element which includes a multicurrency capability typically. In this model, the electronic wallet works almost identically to the way a bank account works. The critical difference is that the electronic wallets are not able to offer credit, so an overdraft cannot occur. This also disallows interest to accrue on account balances. While banks are typically guaranteed under European Union deposit protection laws up to a certain amount, the money which is in electronic wallets are safeguarded with no financial limits. With these wallets, funds must be deposited beforehand in order for a customer to conduct any type of transaction. Phil Davies hopes to have his company PSI Pay fit the second model so that they are able to offer a digital wallet with full transparency and accuracy.

Contact PSI Pay:

Larkin and Lacey: What More Can They Do?

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The names Jim Larkin and Michael Lacey are synonymous with fighting against injustice. They were the first media executives to openly challenge Arizona’s ultra-conservative views and win. Since the early 70s, Lacey and Larkin have owned one of the most respected investigative newspapers in the country.

Phoenix New Times, founded in the early 70s, began on the Arizona State University’s campus. Lacey, recently moved from New Jersey, wanted to give Arizona natives a news source that wasn’t steeped in conservative overtones. As New Times grew in popularity, Larkin joined the team and handled advertising and marketing.

Over the decades, they built a multimillion-dollar conglomerate, Village Voice Media, made up of 17 like-minded newspapers. As their success blossomed, they never forgot the importance of investigative reporting. That’s how Phoenix New Times got into a heated personal and legal battle with former Maricopa County Sheriff Joe Arpaio.

If that name sounds familiar, it’s because it’s synonymous with racism and corruption. It’s no secret that Arizona’s had its problems dealing with diversity and equality. What might be surprising is the patriarchal role Joe Arpaio played in fostering much of the fear-mongering. He’s since become one of the worst sheriffs to ever wear a badge.

Their battle with Arpaio was one of the biggest stories in the nation at one time. Now, people just think about Arpaio being back on the streets. He’s no longer wearing a badge, but that’s not even remotely the point. He viciously abused his power and hundreds of Latinos over the years he served. Learn more about Jim Larkin and Michael Lacey: and

When Lacey and Larkin brought him down, they hoped it would send a message to all those like Arpaio. After repeatedly reporting on Arpaio’s activities, Arpaio finally had them arrested. The arrest was in no way legal or lawful, but that wasn’t his focus.

He wanted to shut Lacey, Larkin, and their paper up. He used forged grand jury subpoenas to try to force them into telling him the names of their readers. He wanted all of their workers’ personal information and any notes pertaining to his activities.

Obviously, he got none of those things, and he was stripped of his badge. He also faced criminal charges and was convicted. Before his sentencing, President Trump pardoned him. All of Lacey and Larkin’s hard work flushed down the drain by an idiot. If though they won the battle, Trump screwed everything up.

Read more: Jim Larkin | and Village Voice Media | Wikipedia

How Chris Burch’s Career Culminated In Buying Nihiwatu Resort

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Talking about what Nihiwatu Resort looks like really doesn’t do it justice; you really have to see it in order to believe it. This resort recently hit number one in Travel & Leisure Magazine for the best vacation destination. Check Its appeal is to the romantic getaway crowd due to the beach vacation homes it has and the surrounding scenery of lush plants, usually clear blue water, nature spots and places both outdoor and indoor where you can relax and be attended to. But this remote Indonesia island also is where you’ll find entrepreneur Chris Burch’s house, the man who holds most of the controlling shares of this resort, and this home is nothing short of spectacular especially with its outdoor pool that has an overlook and almost gives you the feeling that you’re both swimming and flying. Burch poured $30 million into this island when undertaking its current development.

Burch is both an entrepreneur and a mentor whose investment holdings company, Burch Creative Capital has a philosophy of combining creativity and productivity. It’s been said before that these two ideas can be at odds with each other, but Burch mentions that you can spend time brainstorming certain ideas while also dividing them up into time that you put them into action. He believes having an atmosphere conducive to creativity is important so that you’re not simply being drawn into the mundane repetitive tasks that may limit your company’s production capabilities.

Burch is a model of creativity and productivity in his own right because he started out with a part-time sweater sales gig that turned into a million-dollar sales company branched out across the nation. That company was Eagle Eye Apparel which he and his brother were partner owners of for many years and then sold off in 1998 ( Burch used profits from business sales to undertake other ventures such as investing into young internet-based companies, becoming a partner in the Guggenheim Partners private equity firm and also helping his then wife Tory Burch launch a big fashion brand and a similar brand launch for TV personality Ellen DeGeneres.

To read more of his creative vision and output, check

Chris Burch started becoming serious about investing in hotels when he became part of the co-op board of the Pierre Hotel, and he also helped fund the development of the Faena Hotel + Universe in Argentina. Burch bought the Nihiwatu Resort property in 2013, and he’s also bought several magnificent homes in New York and Florida. Burch’s philanthropy has included supporting an orthopedic studies institute and a private elementary boarding school.

Update with his recent timeline activities, visit