Tom indicated the reason the U.S. doesn't have the systems we...

Tom indicated the reason the U.S. doesn't have the systems we have is that they have 7,700 banks (compared to our four pillars) ,so it looks as if it might take a long time to solve the transfer problem ,which EML's "virtual" card does by sending an encrypted email ,which the supplier/business clicks onto and the payment is made immediately into their bank account.Competition ,he said , is usually only 1 or 2 in each vertical as the contracts are multi-year ,so intending competitors are driven to other verticals ,rather than wait the multi-years to try and poach customers.His aim is to dominate each of the verticals he operates in. There are a lot of other matters he covers ,so the interview is worth getting hold of if you have friends who can oblige.