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Visa's is a star-based system where all endpoints terminate at one of several main data centers, where all transactions are processed centrally. Mastercard's network is an edge-based, peer-to-peer network where transactions travel a meshed network directly to other endpoints, without the need to travel to a single point.
If the card issuer charges 15% on money lent to users, and it costs 5% to borrow the money to lend, and the balance sits with the cardholder for a year, the issuer earns 10% on the loan. This 10% difference is the "net interest spread" and the 5% is the "interest expense".
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2/10 net 30 - this means the buyer must pay within 30 days of the invoice date, but will receive a 2% discount if they pay within 10 days of the invoice date. 3/7 EOM - this means the buyer will receive a cash discount of 3% if the bill is paid within 7 days after the end of the month indicated on the invoice date.
2022/10/19 [5] $11.6 billion [5] Included Alleghany subsidiary Kentucky Trailer, which designs and manufacturers trailers AltaLink: Electric Transmission 92% 2014/12/01 [6] C$3.24 Billion [7] A subsidiary of Berkshire Hathaway Energy: Ben Bridge Jeweler: Luxury Items 100% 2000/07/18 [8] [9] Benjamin Moore & Co. Materials and Construction 100% ...
Disney: 66.0 106.5 Comcast executives abandoned the deal to buy Walt Disney after both investors and Disney executives failed to agree on the acquisition. [464] 27 1999 Warner–Lambert: American Home Products: 65.0 118.9
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