Category Archives: Financial Services

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: www.companiesintheuk.co.uk/ltd/psi-pay

Michael Burwell Joins The Willis Towers Watson Team

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The global risk management and insurance and human capital advisory firm Willis Towers Watson recently announced they had secured an outstanding new Chief Financial Officer or CFO named Michael Burwell. Burwell has an outstanding record of serving one of the United States’ Big Four accounting firms, Price Waterhouse Coopers for 31 years of impressive accomplishment there.

 

The Chief Executive Officer of Willis Towers Watson, John Haley, said Burwell understood management, leadership and how to drive results in a global economy. He looked forward to working with Burwell to guide the company’s long-term growth and further integration. From his time at PwC, Burwell had an outstanding record of working clients. Burwell will drive Willis Towers Watson to reach its full potential as a company serving clients in over 140 countries.

 

Haley also thanked Roger Millay the retiring Chief Financial Officer for his outstanding leadership. He would leave Willis Towers Watson much stronger and better positioned for success.

 

Michael Burwell began preparing for his career of outstanding business service through earning his Bachelor of Arts degree from Michigan University in Business Administration in 1986. PwC recognized Michael Burwell tremendous potential and hired him as an accounting, putting him to work in the assurance department auditing clients for eleven years. This experience taught Burwell how companies keep their records and choose to set up their various accounting systems. It gave him deep insight into the various ways companies meet the requirements of Generally Accepted Accounting Principles, and how some companies may choose to try to get around the GAAP procedures. He learned from his experiences on the job and studied hard, so he soon passed the difficult test to achieve the position of Certified Public Accountant. PwC promoted Burwell to the transactions services department in the Detroit area. This was just another stepping stone, up to Midwest Leader of Transaction Services and Automotive Industry Leader. But PwC’s Central Region was too small to contain Burwell’s expertise, so he became Transaction Services Leader for the entire United States. Starting in May 2008, Burwell achieved the title of Chief Financial Officer. Burwell’s star at PwC just kept rising. In July 2016, he became a full partner at PwC. As senior relationship advisor for some of PwC’s biggest and most important clients, Burwell couldn’t help but attract attention, leading to his recent move to Willis Towers Watson.

 

Willis Towers Watson is based in Arlington, Virginia. They are a global risk management and insurance advisory leader. Find Additional Information Here.

 

Michael Burwell’s Past and Present Achievements

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Michael Burwell was currently appointed Chief Financial Officer of Willis Towers Watson. Willis Towers Watson is a leading global company in its own right within the industry of broking, solutions, and advisory. The company helps clients by turning risk ventures into growing profits. It was established in 1828, and currently has 40,000 employees scattered over 140 countries.

 

The current Chief Financial Officer, Roger Millay, is retiring voluntarily come October 2, 2017; and Mike Burwell will be taking his place.

 

Chief Executive officer remarked on the announcement that the entire company is very pleased to have Michael Burwell join their ranks of leaders because he has in-depth knowledge in leading and managing a multifaceted company, which has a very strong commitment in the welfare of their clients. He confidently said that Burwell is the person who has the right credentials and experience to guide the company in its long-term growth that will enable Willis Towers Watson to achieve full potential.

 

Haley like thanked Roger Millay for his contribution and outstanding leadership at Willi Towers Watson, because the company is in a much better position due to his efforts and long-time service. Refer to This Article for related information.

 

Burwell graduated from Michigan State University with a Bachelor of Arts in Business Administration, and he is also a Certified Public Accountant (CPA). In his earlier years within the industry he was employed at PwC in high ranking executive positions, which includes being Head of Transaction Services in the United States; Chief Financial Officer and Chief Operating Officer also in the United States; and Head of Global Transformation. Since he is a CPA, he similarly had extensive experience in audit for 11 years and 12 years of advisory experience in transaction services where he assisted companies in pre-merger deals.

 

Before being employed at PwC and Willis Towers Watson, Michael Burwell worked with large and small companies through the buy and sell of projects. He was also called on to evaluate business models and projections of various equity funds in the private sector.

 

Michael Burwell says he is honored to be given the opportunity to join the leaders at Willis Towers Watson since his earlier interactions with the said company has given him the insight that there is strength in leadership and great commitment to serve the clients within the organization as well as an assuring collaborative culture. He went on to say that he is looking forward to making his contribution for the company’s success.

 

Visit: https://www.michaelburwellpoet.com/about

Equities First-Making Business Loans Obtainable

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A global leader in shareholder financing solutions, Equities First Holdings is providing more stock-based and margin loans to the business economy while banks and other similar institutions seem to be making it harder to obtain them. Borrowers needing to quickly gain capital or who do not meet the specific criteria lenders have set, are finding that equities lending is a great alternative.

Many banks have recently severed their lending options to prospective borrowers, increased their interest rates, and even tightened their loan qualifications. However there are still options available to borrowers in the market. Al Christy, Jr. is the CEO as well as the founder of EFH and has found an innovative borrowing solution that collateralizes loans by stocks. It is available to borrowers seeking working capital and these stock-based loans often have a fixed rate, and typically a higher loan-to-value ratio than margin loans.

According to Christy, a margin loan requires a pre-qualified borrower and normally needs the borrowed money to be used for a specific purpose. The interest rates vary and the loan-to-value ratios scale form 10 to 50 percent. The borrower’s collateral can even be liquidated without any warning by the lender, should a margin call arise. But with a stock-based loan borrowers have the stability of a fixed interest rate ranging from 3 to 4 percent, with the loan-to-value ratios staying between 50 to 75 percent. There are no restrictions either, so the lender doesn’t decide what the money is used for. Also these loans are non-recourse, even if the stock should decrease.

Equities First Holdings has been providing its clients with better financing choices since 2002. They are a supplier of capital against stock publicly traded in order to allow clients to meet their financial goals. EFH has had over 650 successful transactions that is worth over $1.4 billion. This company has become successful due to the fact that it offers its customers low fixed interest rates and high loan to values.

 

EFH is a global company in nine countries, including subsidiaries in London, in Hong Kong, in Singapore, and in Austrailia.

about Equities First : equitiesfirst.com/team

3 Important Factors To Consider Before Renting Your Home On Airbnb

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At first glance, Airbnb seems like the perfect opportunity to make a little extra money on the side. However, once you dig a little deeper you will see things aren’t always what they seem. Over the last few years several homeowners have been dealing with issues as it pertains to renting out space via Airbnb.

Not only have some renters caused severe damage to homes, but in some cases they have been found to be participating in illegal activities. These types of issues can end up costing the homeowner much more than the money they receive for renting out their home.

If you are considering renting your home on Airbnb, please consider these 3 important factors before you do:

#1 – The Potential Risks

As just mentioned, there are a lot of potential risks you take on when you rent out your home to a complete stranger. When it boils down to it, you are liable for everything that happens in your home. That means if someone gets hurt while on your property, you will more than likely be the one held responsible.

#2 – What Does Your Homeowners Insurance Cover

In most cases, your homeowners insurance policy will not cover short rentals. As a matter of fact, your policy can potentially be canceled should your insurance provider find out you are renting out space in your home. You would therefore be held responsible for any lawsuits or claims that come your way.

#3 – What Type Of Protection Is Offered

After dealing with several incidents, Airbnb decided they would start offering renters protection. The problem is the protection they offer is considered secondary coverage. In other words, it won’t kick in until you have exhausted all other possibilities.

Seek Advice Before Renting On Airbnb

It is recommended you seek advice from an insurance professional before opting to rent your home on Airbnb. An insurance professional will be able to discuss your options with you and also provide recommendations that can ensure you remain safe.

Richard Blair, the founder of Wealth Solutions, offers this exact type of service. Blair has been in the financial industry for over 20 years. That means he has been around the block a few times and knows what to expect in these types of situations. Some of his areas of expertise include asset protection, estate planning, insurance and employee benefits.

As an investment advisor Blair can help you reach your wealth management goals and ultimately secure your financial future.

To learn more about Blair and Wealth Solutions visit

http://www.manta.com/c/mtr4ztj/wealth-solutions

https://www.brightscope.com/financial-planning/advisor/218993/Richard-Dwayne-Blair/

https://www.wealthminder.com/financial-advisors/TX/bee-cave/richard-blair/326407

Madison Street Capital: A Premier Investment Firm

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Madison Street Capital Advisors (MSC) is a privately owned limited liability company based in Chicago, USA. The company specializes in the provision of financial advice and opinions, mergers and acquisitions services, financial reporting and valuation services to corporate bodies. Madison Street Capital is an international boutique investment banking company with offices across continents in Africa, Asia and North America and provides its services to both public and private companies.
Madison Street Capital prides itself for integrity, excellent service and top notch delivery to its clients. Some of the more specific services based on bloomberg.com provided include bankruptcy services, both buy and sell sides of mergers and acquisitions, private placements, tax compliance, purchase price allocations and goodwill and intangible asset impairment. Some of Madison Street Capital’s clients include Central Iowa Energy, Medial Group Inc and Fiber Science.

Madison Street Capital  realeased a Youtube video recently and partners with middle market firms to achieve and gain the most out of business transactions. With the ability to cater to client’s specific and individualized needs, MSC can obtain the best match between sellers and buyers and create structures that maximize on the client’s potential.

At , MSC expounds on mergers and acquisitions; MSC specializes in giving advisory services in both the buy side and the sell side. The firm helps asset managers to increase the value of their operations through business strategies. Madison Street Capital considers people the most valuable asset in any organization. As a result, they help in the management of corporate culture by structuring transactions in such a way that the highest profit possible is achieved by all the parties involved.

For the achievement of maximum success in any organization, Madison Street Capital believes in setting long and short term objectives and goals which combine investment strategy with growth initiatives, all under and at par with company leadership.

Madison Street Capital also engages in philanthropic ventures such as the United Ways of the Midwest and South Disaster Fund which is an organization which provides emergency help to victims of disasters in many states across the Midwest, East Coast and Gulf Coast. The aid includes shelter, food, financial stability and recovery efforts. This contributes towards making a difference in humanitarian relief both locally and globally.

With experienced and trustworthy professionals, Madison Street Capital has become one of the premier middle market firms specializing in investment banking. For any business owner or operator seeking financial services or any other corporate guidance, Madison Street Capital is the place to go.