RBC to integrate Wave Technologies

Wave/RBC overview

Wave provide accounting, invoicing, billing, reporting and other services
geared to SMEs.

PayPal and Mint.com were first movers with similar technology. How can RBC
compete? What, if any, are the advantages?

Revenue streams

Wave will charge 2.99% for credit card transactions and 1% for bank
transfers. In exchange Wave will provide its software for free.

Wave services

Accounting, invoicing, payments and payroll for SMEs.

Competition

Paypal doubled in value since its IPO two years ago and is worth $83 bn.

Mint, launched in 2009, grew to 1.5 million users within 2 years and was
sold to Intuit for $170 million.

Consolidation of info

Mint consolidates your financial information into one repository and
provides detailed reports for budgeting, and account management.

Consolidation of info

Mint consolidates your financial information into one repository and
provides detailed reports for budgeting, and account management.

Mint revenue model

Mint derive revenue from referrals to credit cards and banks.

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