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Imagine if every U.S. bank used a different electronic payment process for its bank cards and accounts.
FORBES: Jeff Goldsmith, Ph.D.
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Ultimately, the problem we are wrestling with is the rising cost of medically necessary health CARE, while you are arguing for a more competitive payment process.
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But this is not enough, the aid organisations say, given the need for urgent relief on the ground, and the reluctance of most US banks to process any payment meant for Iran.
BBC: Aid groups in sanctions plea for Iran quake relief
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Large corporations often have dedicated staff who analyze the rates to get the best terms for payment processing, and they can leverage the fact they process a high volume of transactions each month in order to get favorable rates from the MSPs.
FORBES: Written by Robert Ziegler
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"Regrettably, the announcement was made without an assessment of the costs and benefits, or a plan or timetable for managing the process, or an indication of what alternative payment instruments might need to be created, " the letter said.
BBC: Cheque use given backing by government minister
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Successful customer service is the process of delivering value to a customer in exchange for payment.
FORBES: Converting To A New Kind Of Quality
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Maybe you know that it also allows merchants to offer consumers discounts for paying in cash because it is less costly to process than other payment types.
FORBES: Why You Will Soon Cut Up Your Debit Card
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Skillshare helps amateur teachers find classroom space, register students and collect payment for in-person courses, taking a 15% cut of student fees in the process.
FORBES: Learning By Doing: Skillshare Unveils 'Hybrid' Classes
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By removing friction from the process, bitcoin becomes easier to spend overall because not every merchant will accept bitcoin directly for payment yet and not all transactions demand irreversibility and privacy.
FORBES: Bitcoin Funded Debit Cards
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New technologies and payment systems have made it possible for nonprofits to benefit from micro donations that had previously been too costly to process.
FORBES: The Rise of Mobile Giving, and Other Trends & Predictions for Philanthropy in 2013