Replies to post #423 on Equity Field Notes from temporal sources

[DanWebzster]

FOUR is a payment processor with a 75% concentration in the hospitality industry.

Competitors include SQ, PYPL, Adyen (ADYEY), FISV and a division of USB marketed as Elevon.

FOUR targets businesses that are larger than those who typically use the competitors offerings. Clients include Arby's, WEN, DEN, Outback as well as half the casinos on the Vegas Strip.

The crux of their competitive advantage is their somewhat unique end-to-end solution that allows customers to eliminate other middleware vendors, deployment analytics/business intelligence providers and EMV (europay-mastercard-visa) integrators. Also, FOUR uses their QR code expertise to grow contactless payment revs.

Q3/20 FOUR guided a 10% increase in revs and a 20% increase in adjusted revs. The market response was muted possibly because improved guidance was considered a natural function of restaurant re-opening.

This goes on my permanent watch list.