VoIP Telecommunications

What are the Differences Between VoIP, IP and PBX ?

Alexander Graham Bell would be hard-pressed to recognize his invention today! Telephones and telecommunications have come quite far, yet their evolution is increasingly complex as evidenced by the latest phone systems available to businesses today. Understanding the differences between each system is the only way a business can choose a platform that is right for its employees and customers. The following information can help you … Continue reading What are the Differences Between VoIP, IP and PBX ?

Ingram Micro Sees More IT Spending Across All Regions

We are maintaining our fair value estimate and economic moat rating for Ingram Micro IM after the company reported solid first-quarter results that indicated consumers across the globe are spending more on IT. Ingram Micro’s sales grew 19% year-over-year to $10.6 billion, with the 2012 BrightPoints and Aptec acquisitions adding $1.85 billion, or 13%, to the top-line. Organic sales added 6% growth. Encouragingly, the company … Continue reading Ingram Micro Sees More IT Spending Across All Regions

Bitcoin News: Bitcoin ATMs to span across Canadian Malls & Tourist Spots

CAVIRTEX has launched its first six bitcoin-branded ATMs in the greater Toronto area. The machines mark the first phase of the exchange’s larger plan to bring 10 bitcoin ATMs to Canada through a partnership with Gateway Newstands, a retail chain with 500 locations in North America.

Speaking to CoinDesk, CAVIRTEX’s marketing and business development director Kyle Kemper said the launch was a major milestone for the Calgary-based company and bitcoin itself. Although details about the ATMs were first revealed back in May, Kemper said that the company has taken time to execute its vision and maximise the impact of the launch.

Kemper said: “We were looking for really high-traffic locations, because we want to bring CAVIRTEX and bitcoin to the general Canadian public.” Pictures of the vibrant units first surfaced online earlier this month, with many Reddit users lauding the company’s novel design and expressing excitement for the formal launch. Notably, the bitcoin ATMs were provided to CAVIRTEX by BitAccess, the bitcoin ATM manufacturer that was recently accepted into Californian accelerator Y Combinator.

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Kemper indicated that its decision to partner with Gateway lead the company to secure a number of high-value locations. Perhaps the most notable new entry to CAVIRTEX’s network lies at the famed tourist destination Niagara Falls. Kemper indicated that CAVIRTEX has installed an bitcoin ATM at the Casino Niagara, the first casino built in Niagara in 1996. One of a number of regional attractions near the natural wonder, the destination features 10,000 square meters of gambling space, on-site dining and free live music.

Additional noteworthy locations for the ATMs include the Bayshore Mall in Ottawa, Scarborough Town Center in Toronto and the Yorkdale Shopping Centre in Toronto, among others.

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Discover’s Momentum Continues in 1Q

Discover Financial Service DFS reported net income of $673 million, or $1.33 per diluted share, for the first quarter of 2013. The narrow-moat company continued to generate strong momentum across business lines, increasing book value more than 5% during the quarter, and we may moderately increase our fair value estimate as we incorporate the quarter’s results and transfer coverage to a new analyst. In contrast … Continue reading Discover’s Momentum Continues in 1Q

Major Bitcoin Firm Payza Launches Bitcoin Buying Options in 190 Countries

Global online payment processor Payza has announced it is now offering customers in 190 countries the ability to buy bitcoin via bank transfer. Payza took to its official blog to reveal the news, though this formal announcement followed preliminary tweets from both Payza business development consultant Charlie Shrem and the London and Montreal-based company itself.

In its formal remarks, Payza hinted that the bitcoin buying option will allow it to pursue larger goals in the bitcoin and digital currency space, stating: “This is our first step into the exciting space of cryptocurrency, currency that exists solely in the digital world. At Payza, we’re very interested in bitcoin and cryptocurrency, and we have big plans to expand the way bitcoin can be used on our platform.”

Payza first detailed its plans in the digital currency space in a May blog post that discussed bitcoin’s potential as a payments tool. This interest was further made evident in July, when Payza confirmed rumors to the The Wall Street Journal that Shrem was serving the company in an advisory role.

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Shrem elaborated on Payza’s goals, suggesting that the company’s biggest opportunities may be in catering to bitcoin’s merchant space. He explained that, unlike popular alternatives such as BitPay and Coinbase, Payza could become a one-stop solution for new merchants that want to capitalize on bitcoin but offer multiple payment methods. “[Payza will] be the only company where if a merchant actually wants to accept both credit card and bitcoin, they only need to work with one company,” he said.

Shrem indicated that Payza does not charge users to deposit funds into their accounts, but that a 2% charge for users who buy bitcoin via the platform applies. Buyers lock in the price of bitcoin upon purchase, however, the withdrawal process can be expected to take up to three days. Given that users are not charged to send funds through Payza, Shrem also remarked that the offering could position the company to become a player in the remittance space, adding:

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China Telecom Reaps Efficiency Gains in 1Q After 3G Assets Acquisition

Carrier China Telecom CHA increased first-quarter revenue 15% year over year to CNY 78 billion ($12.6 billion) thanks to strong mobile service revenue and handset sales. EBITDA grew at a much faster pace of 36%, as the firm benefited from scale efficiencies on its 3G network after it acquired the assets from its parent at the end of December. We are maintaining our narrow economic … Continue reading China Telecom Reaps Efficiency Gains in 1Q After 3G Assets Acquisition