Eservglobal Share Discussion Threads

[cyberbub] 18/1/2018 23:28

Just being challenging here... so why did MasterCard agree to do a joint fundraise with ESG recently, for MasterCard Send's further development? If they think it's very prospective why haven't they taken out ESG at these relatively low levels already?

[jgoold] 18/1/2018 08:15

Bought a little starter position here yesterday and will add if it moves up. If Mastercard Send really takes off I can't see Mastercard not wanting to own the entire business.

[john09] 17/1/2018 11:02

As I thought. Range bound

[celeritas] 17/1/2018 10:52

But if you want recent that people have missed try this.



Google translate from Chinese so bear with it



MasterCard combined with Western Union New Taiwan exchange fee half off
Standard Chartered cross-border remittance of more than 3 billion accounts in the Middle East
Reporters Wen Zihao reported 2018/01/16

The future of cross-border remittances will be more convenient. MasterCard Partners with US Western Union and Standard Chartered Bank through the "Mastercard Send" and Western Union remittance system, the United States consumers using the financial card will be able to transfer through the Western Union website or APP transfer, the other through the Standard Chartered Bank remittance of money to the Middle East and African countries. In Taiwan, Taiwan's new bank launched the online bank remittance service, providing a total of 13 kinds of currency, supporting the cross-border remittance of 140 countries by the end of the year.

　　MasterCard announces the consolidation of Mastercard Send service and Western Union, which is expected to be launched in the near future so that U.S. consumers can transfer funds electronically via Western Union website or APP via debit card or bank account. Cabinet handling, you can quickly cross-border remittances.

　　In the meantime, MasterCard partners with Standard Chartered Bank to bring Matercard Send payment services to the Middle East and Africa, and the Matercard Send payment service will reach over 3 billion bank accounts. With payment services developed through MasterCard, users can quickly remit money to mobile wallets and accounts in over 100 countries around the world.

　　In China, Taishin Bank launched a remittance service for cross-border remittance of foreign currency in online banking. Currently, Taishin Bank offers a total of 13 national currencies to support cross-border remittance of foreign currency in as many as 140 countries. It stipulates that remittance accounts can be set up to 15 groups. For example, if a child has a child who is studying abroad, he or she will have to pay the living expenses on a regular basis. After bidding for a foreign currency remittance service, he or she will be able to complete each remittance using a mobile phone or a computer.

　　Bao Guoyi, deputy general manager of Digital Finance Department of Taishin Bank, said that in order to encourage people in need to use cross-border remittance of foreign currency, the transaction fee for each remittance transaction is only US $ 10 from today till now (2018) Deal cheap half, online banking will be held from time to time to change the foreign exchange discount. In the future, it is expected that the combination of foreign currency ATM services will allow customers to withdraw cash in foreign currency using the ATM.

[celeritas] 17/1/2018 10:48

Here's another and at your request the date is included.


Western Union to add MasterCard Send capability to transfer fund to US debit cards
Oct. 25, 2017
MasterCard and Western Union are working together to integrate MasterCard Send into the Western Union money transfer service, enabling Western Union to deliver funds to virtually all U.S. debit cards, according to a press release.

The companies said the alliance opens a new channel for U.S. consumers to quickly and conveniently send money via Western Union to the debit cards people use every day, including non-Mastercard cards.

Western Union is the first such company first to offer the debit card-enabled service via the MasterCard Send platform in the U.S., according to the release.

The new Western Union service, expected to be available in early 2018, will initially offer digital funds transfers within the U.S. via westernunion.com and the WU mobile app, enabling senders to use their U.S. debit, credit and bank accounts to fund a payment. Customers simply need to know the recipient's 16-digit debit card number to complete the transfer, according to the release.

"With MasterCard Send, Western Union customers now have a powerful new way to send funds directly to the debit cards in the wallets of millions of Americans," said Leigh Amaro, senior vice president of enterprise partnerships for MasterCard, in the release. "Today's consumer is busier than ever, and any option to make everyday tasks like money transfer more convenient is hugely important. Western Union is giving consumers one more option to make the service work for their needs."

In a separate announcement, MasterCard said that London-based Standard Chartered Bank is the most recent major bank integrating the Send service to broaden their cross-border payment services.

[celeritas] 17/1/2018 10:47

Someone asked for relevant info, I quickly copied and pasted something to give them something to think about, so what one piece is 7 months old and the other 3 months. In the scheme of things is quite new. It does give you a gist of what esg do and how volumes can ramp up through these significant companies. Very recent news is in the header and is easily followed.

[unlikely2] 17/1/2018 10:25

Celeritas,

While the 2 articles quoted may be of interest to new comers, it would be helpful if you included the article dates, ie.

1145 Press release 25th October 2017
1146 Press release 14th June 2017.

You wouldn't want to give the impression that you are simply ramping, would you?

Any new press releases are I suspect what most are waiting for.

[manrobert] 17/1/2018 10:20

if the buys are buys they are not helping price

[celeritas] 16/1/2018 23:35

Home
Running Your Business
Allianz, Mastercard Team Up on Real Time Claims Payments


Travel insurance provider Allianz Global Assistance has announced that it has joined forces with Mastercard to deliver claims payments in real time to bank accounts through debit cards.


Using Mastercard Send, Allianz can now pay customers within minutes of their claim being finalized. This feature allows travelers to get access to their funds sooner, which may help them to pay travel expenses or replace lost or stolen items while they’re still on their trip, Allianz said, instead of waiting for a check by mail.

Mastercard Send is a Push Payments service that facilitates the delivery of funds quickly and securely, Allianz said. These funds can then be used anywhere the debit card is accepted, including overseas. Through a single connection to the Mastercard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers and small businesses. By digitizing personal payments that are typically handled via cash or check, Mastercard aims to provide greater convenience, choice and security to both payment senders and receivers.

In March, Allianz Global Assistance announced the ability to make claim payments directly to customer bank accounts. Those payments are routed through the banking system and usually arrive within about two days. Currently about one-third of Allianz Global Assistance customers are choosing the direct deposit payment option when they file their claim online, Allianz said.

Earlier this year, Allianz rolled out a suite of new features to make filing a travel insurance claim and receiving payment faster and easier. Among the updates the company announced were redesigned claim forms that are designed to be easier to understand and use and the ability to file an online claim from any device. Consumers can also use the company’s TravelSmart mobile app to file and track claims.

[celeritas] 16/1/2018 23:32

Mastercard’s executive vice president of digital channels and regions Jorn Lambert noted “Mastercard is delighted to be extending our long-standing partnership with Standard Chartered Bank to revolutionize the way in which money moves globally. For many years, banks have used the Mastercard network for card payments. Now with Mastercard Send, we are expanding our network to enable banks to meet the increasing global payments needs of both their consumer and corporate customers.”

Any time you can make a customer’s way just a little easier, as a business, it’s a good idea to do so. It improves goodwill and the overall customer experience, measures that help ensure customers will come back to use a service or purchase goods later on. Standard Chartered Bank has likely made a good move here, taking advantage of new technology to offer services to its own customer base, a move that’s been echoed on several fronts already.


Mastercard Send is likely to prove a powerful addition to Mastercard’s stable of products overall, and the customer bases of several banks and companies worldwide should bear that out.

[cyberbub] 16/1/2018 22:35

Just visited their website. The Shareholders Info page is very out of date, as is the News page (nothing for almost 2 years). Not very impressive. I have emailed them.It would appear that the CEO doesn't own a notifiable holding.

[cyberbub] 16/1/2018 22:28

How much does Conelly own of ESG?

[cyberbub] 16/1/2018 22:12

Cheers Celeritas. Very interesting... the company looks very expensive based on its current barely breakeven position, but if it really takes off then it could ten bag from here easily (and Mastercard wouldn't blink at paying £1bn for ESG's holding in Homeshare IMO, it's small beer to them). If it doesn't take off then ESG will drop back well below 5p I would think. Hmm....

[celeritas] 16/1/2018 21:38

Cyber, try this link for a starter.

[cyberbub] 16/1/2018 21:30

Just looking in here after a tip.What's the USP here? I see approaching $1bn of annual money passing through their systems per year at present is that right? What percentage do ESG get of the transactions (net from the JV) to justify a market cap of £100M?More importantly what distinguishes ESG from the multitude of fintech companies specialising in moving money from A to B?Thanks for any comments.

[mad foetus] 15/1/2018 15:13

I've looked at the filings and originally they had, under operating expenses, put around $20m for payment to suppliers and expenses, and in cash flow from financing activities had included $4.3m as proceeds from borrowings. In the amended version there is nothing under proceeds from borrowings but a decrease of $4.3m from the amounts we are due to pay suppliers. It doesn't affect anything really but does make it seem that we are closer to operational breakeven than initially appeared, and so is, if anything, a positive. But I'm not an accountant so may be wrong!

[ali47fish] 15/1/2018 08:21

does anybody understand the corrected rns

[bamboo2] 14/1/2018 21:03

Beeks, chart added to prior post.
Will be interesting to see how it pans out.

[wigwammer] 14/1/2018 20:51

"it may not be as soon, or as totally one sided as some may perceive"I agree. It don't see it as being in MasterCard's interest either from a business or a commercial sense to play hardball. They will need to partner with businesses in future and will not want to get a reputation for being unfair. Their brand value also needs protecting. This is before we get to the legal protections afforded by the partnership agreement. Given MasterCard is a $160bn company, and Homesend may become a meaningful driver of value from here on in, a compromise would likely still involve eservglobal multiplying several fold from this level.

[hastings] 14/1/2018 18:14

Although , ESG has 2 Directors against MasterCard's 3 there is also BiCS with 1. Mr Conoley says that they know exactly what HomeSend is doing and of course they would, being on the board.Yes, Mastercard will surely take ESG's stake out, but it may not be as soon, or as totally one sided as some may perceive.We will see!

[allstar4eva] 14/1/2018 18:07

By that argument mastercard may as well just buy esg now. What is a hundred mil or so to them? Perhaps an agreement has been reached. Allow esg to 10 bag then buy;-)

[kinbasket] 14/1/2018 17:43

Also quite long now but I see a different outcome. Mastercard will know a long way before we do how well Homesend is going. They effectively have inside information. If it's going well they'll never allow 35% of the profits to accrue to a tiny company like ESG. They'll buy out either ESG or ESGs share of Homesend.

If Homesend gets any kind of market traction, by December 2018 we won't be here.

[celeritas] 13/1/2018 21:56

15 banks signed up last year, more banks signing up will increase the share price So if you believe more will sign then buy, if 15 is the limit then don't bother. I think many more banks will sign which will steamroller most of the rest into signing. Target price this year, I'd be disappointed if esg doesn't go past 30p

[doubleorquits] 13/1/2018 20:12

And of course the broker TP is 20p FWIW.

19 Dec finnCap Corporate 13.10 20.00 20.00 Reiterates
09 Nov finnCap Corporate 13.10 20.00 20.00 Reiterates
20 Oct finnCap Corporate 13.10 18.00 20.00 Reiterates
02 Oct finnCap Corporate 13.10 10.00 18.00 Reiterates
29 Jun finnCap Corporate 13.10 10.00 10.00 Reiterates

[wigwammer] 13/1/2018 19:38

Agree bamboo - charts, tip sheets, whatever works for the individual.Suggesting a stock will be news flow driven hardly constitutes insight. Of course news flow will be a large part of the story.Interesting to note however that the last +30% move has not been driven by news flow at all, but simply by broader exposure of the news that already exists.