Parseq Share Discussion Threads

[harrytrad3] 07/6/2011 13:34

The share price falls quickly from time to time.

Large seiier in our midst? Or a disppointment?

[estonia] 06/6/2011 11:14

Cheify ...there is a general temporary web site for the group of companies..........but be patient the new one should be available sooner than later

yes ...............remember Rome!

[cheify] 02/6/2011 22:14

never mind rome estonia a website would be nice

[giantpeach2] 02/6/2011 11:49

and who said it!!!!

[harrytrad3] 02/6/2011 11:03

Can you elaborate on what news you expect?

[learntlesson] 02/6/2011 10:55

If we get Telefonica news I'm advised of I wouldn't be surpsrised if this reaches 20p. Anybody else have anything on this?

[algorithmicx] 01/6/2011 11:50

Price about to move swiftly...

[666james] 01/6/2011 08:55

Nigel, many thanks for your update following the AGM. I know the feeling you have regards PSQ. I am "just" in profits since returning to the share since the reverse takeover of IE. Not off loading as yet but am on edge with the directors way of running the company. Only small things but they come across as being lacks over details (Address of the meeting a good example!). I will keep a very close eye on them. Only a small investment so not vital. Thanks again.

[jackiewilson] 01/6/2011 00:47

Nigel - interesting report. I guess the question is whether IE would've secured an 02 deal without the 'end to end solution' made possible by the tie up between Documetric and IE?

Google have the power, but there's room for specialist expertise in my view, witness the rise of Blinkx in video search; I sold them a long time ago cos I couldn't work out how they could outgooglegoogle. And Google don't always get it right on their own:

"After Google unveiled the Google Wallet Near Field Communication mobile payment service on Thursday, eBay and subsidiary PayPal filed a lawsuit alleging the project's team lead stole trade secrets to create the service".

Seems like the established service providers, e.g. telecoms co's or banks, will have a Big say as to how their payments are going to be provided, and hence are choosing Visa or Mastercard at this point as a part of the package. If Google were able to apply their search dominance more widely we'd all be using Google Checkout for internet purchases.

If PSQ's approach is customisable across the board then they may well be positioned to benefit.

[gnnmartin] 31/5/2011 23:33

Yes, I did (attend), but late, because the address given (142 High Holborn) was wrong: it should have been 142 Holborn. So I missed most of the meeting, and possibly some discussion. I went hoping to talk to Clive Richards, since I feel I know him enough to make the conversation easier, but he wasn't there.

Still, I did ask for a bit more detail on the mobile wallet, and got some comforting replies. They own the IP, and can sell the same scheme to another mobile provider should one want to buy it. They get paid for the creation of the software, then get paid for hosting and for maintenance, and if it does well they eventually get a royalty per transaction too. The one oddity that I heard was the tie-up with Visa: since all my cards converted to Mastercard over the last few years, I wonder if that limits the market. Something to look into.

I did ask how they felt about going head to head with Google. The reply was that first of all it is O2 going head to head with Google, not PSQ. I'm not over impressed by that, but it does mean that PSQ don't have much to lose if things don't work out: it's just a question of whether they have lots to gain. However, more convincingly, Google are only starting a trial in the USA, and with only 2 banks, where O2 are starting now in the UK, with their large customer base, and with whatever bank the customer uses (subject to that one reservation I have as to whether the tie up with Visa means the customer has to hold a Visa card).

I came away from my brief attendance at the meeting feeling that the mobile wallet certainly could be really big, but still not entirely comfortable with the company. I just felt I knew IEN, and don't yet feel I know PSQ. The lockin that came as part of the reverse takeover expires in a couple of months (roughly, I haven't checked exactly). It will be interesting to see if anyone sells. I don't expect they will unless the share price has increased a few pence at least.
Nigel Martin

[jackiewilson] 31/5/2011 18:03

By the way - ref comment in header above about the software/royalties for National Savings, IE should be back in business with this as NSI index-linked certs were reintroduced v recently and NSI website says:

"We are pleased to announce that new 5-year Issues of NS&I Index-linked Savings Certificates and NS&I Fixed Interest Savings Certificates are now available. We expect both Issues to remain on sale for a sustained period".

[jackiewilson] 31/5/2011 16:49

AGM announcement. Resolution 6 that was withdrawn as no longer appropriate, after his departure on the 12th, was this:

6. To re-elect Mr Richard Arden, who was appointed by the Board since the date of the last Annual General Meeting and therefore retires from office pursuant
to Article 19.2 of the Company's Articles of Association and offers himself for re-election as a Director of the Company.

Did anyone attend?

[666james] 28/5/2011 18:02

After the recent "talk" of the moblie wallet and Tuesday's AGM things might start to look good in the share price department.

[the heed] 28/5/2011 14:09

yeah why has he got a wallet?? how did the thief get the phone open which has a security password??

and there is the opportunity to find the thief as the phone is GPS so was picked by the police after 15mins!! just after he finished the brioche... he last meal a free man..!

your arguments against are a tad weak.. the mobile give another layer of security over the credit card,,, and the most you can spend is £15... remember its a convinance method which will replace eventually the need for change.. that's small change......

[divinausa1] 28/5/2011 11:27

the heed - 28 May'11 - 10:57 - 532 of 532

Mobile payments in America
Money? There's an app for that
Attempts to turn mobile phones into digital wallets gather pace

May 26th 2011 | SAN FRANCISCO | from the print edition

I'm on the bank

A CUSTOMER walks into Pinkie's Bakery in San Francisco and pulls out his smartphone. After a couple of taps on the screen, he strolls up to the counter and asks for one of the bakery's mouth-watering brioches. The employee at the "till"-which is, in fact, an iPad-sees the customer's details on its screen and asks him to confirm his name. Then she taps the iPad to take the payment, which will be charged to his credit-card account, and hands over the food. On his way out, the customer's phone beeps and an electronic record of the transaction appears on a digital card for Pinkie's that sits in a software application, or "app", on his phone.
=======

He stole the phone 10 minutes earlier along with the owners wallet with his name....

[the heed] 28/5/2011 10:57

Mobile payments in America
Money? There's an app for that
Attempts to turn mobile phones into digital wallets gather pace

May 26th 2011 | SAN FRANCISCO | from the print edition

I'm on the bank

A CUSTOMER walks into Pinkie's Bakery in San Francisco and pulls out his smartphone. After a couple of taps on the screen, he strolls up to the counter and asks for one of the bakery's mouth-watering brioches. The employee at the "till"-which is, in fact, an iPad-sees the customer's details on its screen and asks him to confirm his name. Then she taps the iPad to take the payment, which will be charged to his credit-card account, and hands over the food. On his way out, the customer's phone beeps and an electronic record of the transaction appears on a digital card for Pinkie's that sits in a software application, or "app", on his phone.

That app-and the entire paperless payment process it is a part of-is a product of Square, a start-up co-founded by Jack Dorsey, one of the creators of Twitter. Square wants to undercut the credit-card processing fees charged to small businesses and to make it easy for them to accept digital payments. Unveiling the firm's new payments system on May 23rd, Mr Dorsey boldly predicted that it would make cash registers redundant. His is not the only tech firm hoping to persuade Americans to embrace digital money. After The Economist went to press on May 26th, Google was expected to unveil plans to test its own mobile-payment service. (It is less interested in fees, more in using data on mobile payments to improve its aiming of mobile ads.)

Interlopers from the world of high technology are itching to get their hands on a slice of the $3.7 trillion that the Nilson Report, a payment-card journal, reckons Americans charged to credit and debit cards last year. They face stiff competition from banks and credit-card firms, which have been busy launching their own mobile-payment experiments. "It's the wild, wild West out there," says David Owen of Bank of America, which is running a test with MasterCard and Visa involving BlackBerry-toting customers in several cities.
Related topics

Google
MasterCard
Apple iPad
Communications
Electronics

Both geeks and moneymen know that persuading more Americans to use their phones as mobile wallets will not be easy. America still lags behind Europe and Asia in mobile-payment adoption, and has been leapfrogged in sophistication by places such as Kenya, where poor landlines have led to extensive mobile usage. A survey by Javelin Strategy & Research published last year found that only 19% of Americans were interested in using some form of contactless payment.

Those who think mobile wallets' time has come point out that more and more tech firms are embracing Near-Field Communication (NFC), a wireless connectivity technology that allows phones with embedded NFC chips to make payments when "waved" near an in-store terminal. Nokia, the world's biggest mobile-phone maker, has committed itself to producing NFC-equipped devices, as has Research In Motion, maker of the BlackBerry. Google's Nexus S phone also has an NFC chip in it. If America gets behind NFC as a standard it will boost its chances of being used elsewhere. In Britain Orange recently unveiled a mobile-payment system using an NFC-equipped Samsung phone.

Critics of NFC technology argue that waving a phone around in front of a terminal hardly feels like an efficient and secure way to pay for something. Vincent Kadar, the boss of Telepin Software, a Canadian maker of software that supports mobile transactions, says that NFC should stand for "Not For Commerce". NFC's supporters claim that phones are at least as secure as cards and can be remotely "wiped" if they are lost.

Store chains are keeping an open mind about which contactless-payment technologies to support. "Retailers are kind of sitting on the fence right now," explains Richard Mader of the National Retail Federation. (A few, such as Starbucks, are using proprietary mobile-payment systems based on their own smartphone apps.) In particular, they want to see which systems shave the most off the $49 billion-worth of transaction fees Mr Mader says they paid to card companies last year.

Banks and credit-card companies are confident that, whatever technology ultimately wins, their brands will help them prevail over the start-ups. They also think that more mobile payments will boost overall spending. "People's phones are closer to their hands than their wallets most of the time," notes Bill Gajda of Visa.

Tills phones us do part

Yet moneymen are still hedging their bets. Visa, for instance, has taken a stake in Square so the card firm can both learn from the start-up and shape the way it evolves, explains Mr Gajda. Tech firms are also reaching out to financial ones. ISIS, a joint venture involving AT&T and Verizon Wireless, two telecom behemoths, was originally conceived as a rival payment network to Visa and MasterCard. Earlier this year it suddenly changed tack and became an open platform on which other firms can build digital-wallet offerings.

Some experts wonder out loud whether Apple will install NFC in its future phones or come up with its own mobile-payments technology. It already has many millions of debit and credit cards on file for its iTunes online music store and a network of stores that could be used as a testing ground for a new mobile-payments service. At Square's product launch this week, Mr Dorsey said his firm's goal was to make paying for a cup of coffee as easy as buying a song from iTunes. Steve Jobs, Apple's boss, may well have a similar ambition.

[divinausa1] 28/5/2011 00:37

not a holder
Use to be in the old IE days...