First Data CEO: I Could See Us Partnering With Square

The transcript discusses the business models of Square and Clover, highlighting their similarities and differences. It explores Square's expansion into lending and cash advances, and the potential for collaboration with Clover. The industry transition to chip and pin cards is examined, with a focus on consumer impact and the role of mobile wallets. Finally, the transcript covers the collaboration among major payment processors like Visa, PayPal, and MasterCard, emphasizing the benefits of such partnerships for business owners.

What is one of the new areas Square is expanding into?

• Cryptocurrency

• Lending and cash advances

• Retail stores

• Real estate

How does the company view its relationship with Square?

• As a direct competitor

• As a rival

• As a potential partner

• As a subsidiary

What is the company's stance on the transition to chip and pin cards?

• They oppose it

• They support consumer choice

• They are indifferent

• They want to delay it

What is the company's role in the payment industry according to the third section?

• A competitor

• An enabler

• A regulator

• A disruptor

What is the benefit of collaboration among payment companies like Visa and PayPal?

• Smoother commerce for businesses

• Higher transaction fees

• More regulations

• Increased competition