Chapter 359 Banking Business Expansion(1/3)
Sean wants to start a credit card machine business, he really wants to!
A while ago, old man David said that he should put his energy back into the country. Sean also thought this was true, so he thought hard about it for several days.
Finally, I set my sights on the credit card machine!
The reason why he did this was because Sean wanted to open up another track.
At present, Sean's domestic layout in the United States is mainly in the media industry, in order to control a part of the public opinion mouthpiece. Of course, the profits of this thing are not small.
Well, it’s not that small, there are too many more profitable industries.
The advantage of the media is that it can win over many people. Regardless of politics or business, no one wants to talk about a media tycoon and be put in the media to smear him all day long.
But to say how much impact this thing can have on the United States, well, it should be very big, but it is all sideways.
For example, the four major grain merchants do not make much money, but their impact is real.
I digress, but having said that, what is the most influential thing in the United States, or in capitalism?
It's money!
That’s a lot of money!
Looking a little deeper, it's cash flow.
Huge cash flow!
It's just that the banking industry is either controlled by a large conglomerate in the United States or by Wall Street, and Sean has no way to get involved.
The previous Sean Bank was created by Sean in order to facilitate his own money collection and maximum utilization of funds.
Later, when the Mafia went overseas, Sean Bank followed and expanded to Colombia. Recently, the umbrella has made a big splash in Southeast Asia and expanded to Southeast Asia.
Even though it is an international bank, the amount of funds it can mobilize is really impressive.
There is no need to compare with others, not even with Ocean First Bank in Gilbert, New Jersey.
So, can we open up a track in the banking industry?
The answer is yes!!
Gather the sand to form a tower, gather the armpits to form fur.
One or two retail industries may seem inconspicuous, but the retail industry has the largest cash flow.
In later generations, there were so many companies in the POS machine business, national and provincial, and there were even several in one city.
The charges are extremely low and the card machine is delivered for free. Why?
Maintenance costs nothing?
No, PSO machine companies are interested in flow.
The general POS machine should be in T+1 mode, and it is normal mode.
One day, tens of thousands of shops turn over money. What a huge amount of cash. It’s such a punishment to have such a large amount of cash lying on the account!
Well, many of them are punished!
This track has not been opened yet. If Sean builds it himself, then the T+ number is not up to him.
What is an industry standard? jpg
If you develop your own business and monopolize relevant technology patents, who dares to infringe on your own rights?
Damn it, give him a fart!
If you wait for others to develop and bypass patent barriers, you will have a first-mover advantage of at least half a year to a year, so how much coverage can you have?
At that time, I will use some stumbling blocks, use dirty tricks, coercion and inducement. If I can buy someone else, it is best. If I can't, I will sue him!
Patent disputes prevented him from commercializing.
Various methods are used, as long as a few major consortiums do not end up, Sean is sure to capture most of the market.
How much cash flow is that?
Can make people crazy!!
The impossibility of Monroe Deaf's words could not extinguish Sean's enthusiasm, and he still didn't believe it.
IBM has it all, just a credit card machine...
…
Although IBM is a giant company in the computer industry, its headquarters is not in Silicon Valley, but in Armonk, New York.
Hello New York State, hello Rockefeller turf!
Sean flew over directly from the helicopter. Now, even if Sean doesn't use Rockefeller's name, it is easy for him to meet people from IBM.
Yates Donahue, 45 years old, a technical director at IBM, Sean did not find any secret place, he just booked a cafe not far from the IBM headquarters.
Good guy!
There were four bodyguards at the door with bulging waists and obviously carrying guns. There were four cars parked nearby. The windows were open, and all the people inside were strong men in camouflage uniforms. They kept passing over the pedestrians nearby.
He almost had his bad intentions written all over his face.
All pedestrians were detoured.
Americans like to highlight their individuality, like challenges, and like to seek death, but...
No one really came up to provoke me.
Yates Donahue was a little dumbfounded when he parked the car nearby. He stuck his head out of the car and looked at the store's sign. If he hadn't come here often, he would have thought he was on a Hollywood filming set.
What a spectacle!
A man in a black suit walked up to the car and bent down and asked, "Is that Mr. Yates Donahue?"
"Our boss is waiting for you inside!"
The corner of Yates Donahue's mouth twitched slightly, he got out of the car, opened the door and walked into the coffee shop. As soon as he saw the empty coffee shop, he knew what was going on. It was reserved.
I can't help but sigh that he is indeed a super rich man. He is young and frivolous and spends money so lavishly.
In fact, it doesn’t matter if you don’t reserve the venue. How careless is it to sit here and drink coffee with such a posture!
"Mr. Yates Donahue, good afternoon." Sean greeted him personally, giving him enough respect.
"Hello, Mr. Sean, hello, nice to meet you." Yates Donahue walked over quickly.
After shaking hands and greetings, Sean led the people to a seat and sat down.
Not by the window.
The security team prohibited Sean from sitting by a window in public places with a clear view.
ε=(ο`*))) Alas, the life of rich people is so boring.
After serving coffee and a few token chats, Sean got to the point, "I have a question for consultation. Here is the consulting fee and here is the confidentiality agreement."
As he spoke, he pushed a check and a contract over.
Yates Donahue looked down and his pupils shrank.
$500,000!
This is so fucking arrogant!
Although he is a technical director at IBM, which sounds very high-level, the current IBM is not one of the three IOE giants in later generations. This was only 1987!
His annual salary is only over 100,000 yuan, which is 8 times the per capita GDP. This is already a high salary.
Hey, even the veterans like Sean and others look down on this little money, bah, shabby.
Looking at the 500,000 check, Yates Donahue had the urge to resign and call him dad.
Dad, tell me what you want me to do!
He took the check, said nothing, picked up the confidentiality agreement and signed his name.
He didn't even read the content, it was meaningless, he wished it was a contract to sell himself.
After signing, Sean took back the contract, and someone walked by and placed the handheld card machine on the table.
"A terminal specially designed for swiping bank cards. Of course, it can also be used for other cards. This company belongs to me."
"Now, I need a system that can connect this terminal to various shops in the city through telephone lines, such as this coffee shop."
"Guests don't need to bring cash. They only need to use a bank card. They can directly transfer the money from the bank card to the store's account on this terminal. Can this function be implemented?"
Yates Donahue frowned and said it very clearly, one card, one terminal, connected bank account.
After a long while, Yates Donahue looked up at Sean and said, "Technically, it is completely achievable. Both the telephone network and coaxial cables have been laid throughout North America."
"Oh, that's fine!" Sean's eyes lit up, and he knew there was absolutely no problem.
"I'll use New York State as an example." Yates Donahue dipped his finger into some coffee and drew a small circle on the table. He thought that Sean might not understand, so he tried to be as simple as possible. "The first choice is to have a large server and allocate storage.
For all data, branch servers are set up in each city, and various stores in the city are connected through telephone lines to achieve data connectivity."
"It would be even simpler if New York State cooperated with banks in various cities."
To be continued...