"Our team in Cyprus have told us that ATMs are working as normal and shops and restaurants continue to accept payment cards, " a spokesman said.
Starbucks currently pays 4.7% of its sales to a sister company in the Netherlands, and plans to continue the payment, but will no longer use it to reduce its tax liability.
Executives told analysts on a conference call in February that they don't intend to continue extending payment terms in the future.
That means it also offers WikiLeaks a clever workaround to accept credit card payments, despite the fact that it has said both payment companies continue to block direct donations to the group.
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"As people continue to use mobile phones as a payment option, this problem is likely to grow, " says Malini Mithal, an assistant director in the financial practices division at the Federal Trade Commission.
They get nailed, however, in the very common event that they fail to make the payment, and have to continue the loan.
The company notes that the indenture governing the notes provides the company a 30-day grace period to make the interest payment, during which it expects to continue discussions with the noteholder group.
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Indeed, while we witnessed some programs (notably in the OEM software space) attempt to continue their businesses using alternative payment mechanisms including PayPal and, most recently, Bitcoin, by all accounts this has not been successful.
Short Message Service (SMS texts) will continue to be the primary means of mobile payment.
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Alibaba Group management has taken actions to comply with Chinese law governing payment companies in order to secure a license to continue operating Alipay.
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The Zynga Platform will use Facebook Connect to gain initial traction and will continue to use Facebook Credits as the mode of payment.
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Some of the largest merchant acquirers and processors have already committed to offering PayPal, including Vantiv, WorldPay, Global Payments, First American Payments, Heartland Payment Systems and TSYS. Other leading acquirers and processors continue to join on a regular basis.
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Waiting will help them bolster their savings, continue to repair Mr. Hansen's credit and gather a 20% down payment for the next house.
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