I3 Verticals, Inc. (IIIV): Interesting story on NBC, yesterday, abo...

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Wednesday, 10/03/2018 10:09:12 AM

Wednesday, October 03, 2018 10:09:12 AM

Interesting story on NBC, yesterday, about how many Japanese businesses are going to cashless P2P because it is a full-employment market (due to low birth rates and high employment metrics) and not enough workers are available for hire despite a strong economy. Businesses are choosing to eliminate cash handling: till maintenance, change-making, till management, con safes, cash reconciliation, bank deposits, armor car costs and cash shrinkage, plus security cost to cover cash assets and armored car pickup and change/bill delivery. It is rapidly moving to card swipe or Cash APP transactions, only.

Sound familiar to anyone else? CNBC, this morning on Squawk Box, had a guest that projected an unemployment rate of >3% in 2019.

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Recent IIIV News

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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:35:39 PM
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