Word: footholds
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...party may be ending for the nation's 13,000 check cashers. With retail banks facing stagnant revenue growth, they are vying for a foothold in what some call the "last frontier" of the domestic market. Over the past six years, Wells Fargo has opened 1 million accounts for Mexican nationals living in the U.S. by becoming the first bank to accept the Matricula Consular identification card that Mexican consulates in the U.S. began issuing after 9/11. A growing number of banks, including KeyBank and Union Bank of California, are also offering low-cost check cashing...
...survive. With no Italian bidders, offers came from Russia and Britain, though they were focused merely on acquiring the brand. Qianjiang, instead, which turns out 1.2 million scooters a year in China, saw value in buying - and relaunching - Benelli's design and production. That would give them a foothold in the European market, and the move had an industrial logic: unlike Japan three decades earlier, China still lags well behind the Western motor industry in know-how and design, which means the Chinese saw the small Italian firm as a vehicle for the improvement of Qianjiang's own products back...
...call internationally without using their high rates. All of this means that consumers are consistently cut off from inventive startups. The carriers control billing for add-ons, and service providers selling ringtones, music, video, etc are so new that they need the carriers' help to gain a foothold. When the carriers do open up to partners, they often demand a 50% of revenue, far exceeding the below 20% share carriers get in other countries...
...competitors are already bracing for. Although Wal-Mart withdrew its bid earlier this year to become a full-fledged bank, amid opposition from community banks that feared such a move would put them out of business, Wal-Mart's new Money Centers and MoneyCards are giving them a significant foothold in the financial services industry. The centers currently offer money orders, bill payment and phone cards in a newly designated space painted a bright, "firefly gold" in each store. Because the counters are open from 7 a.m. to 9 p.m. seven days a week, they are as quick and convenient...
...constitutes 16% of the carriers' revenue. To guard that growing income stream, the carriers restrict the features available on your phone. They control the billing for add-ons, and most companies selling ringtones and games are so new that they need the carriers' help to gain a foothold...