Examples of Settlement Services Business in a sentence
The Group forms three reportable segments — Mobile Telecommunications Business, the Network Communications Business, and the Prepaid Settlement Services Business and Other Business — structured by industry segment.
Upon the conclusion of a contract, a commission is collected from that carrier as a fee for the contract intermediation.(3) Settlement Services Business and Other BusinessThe main activities of the Settlement Services Business and Other Business are the sale of electronic settlement-related products that utilize the PIN sales system, such as electronic money-related merchandise and the gift card business through leading convenience stores throughout Japan.
The Prepaid Settlement Services Business and Other Business segment engages in the business of selling products related to the electronic settlement of electronic money using PIN (Personal Identification Number)-based merchandise sales systems through major convenience store operators throughout Japan, as well as international telephone calls, and selling of prepaid-type mobile phones and prepaid cards.
As a result, segment net sales totaled 19,765 million yen, with operating income of 2,441 million yen.[Prepaid Settlement Services Business and Other Business]Usage increased amid proliferating payments for internet-based merchandise purchases and SNS (Social Networking Service) content purchases, leading to increased electronic-money based merchandise sales using PIN-based merchandise sales systems.
Also, the name of “Prepaid Settlement Services Business and Other Business” was changed to “Settlement Services Business and Other Business.” Notably, the segment information for the year-earlier period has been prepared and stated based on the categorization of reportable segments for the period under review.
Main business lines are the Mobile Telecommunications Business centered on sales of mobile phones, etc., for consumers, the Solutions Business engaged in sales of mobile phones for corporate users and intermediation in sales of optical communication line services such as FTTH, and the Settlement Services Business and Other Business engaged in PIN and gift card sales.The specific operations of the Company are described in below.
Settlement Services Business (3%, 2% and 1% of revenue for 2003, 2002 and 2001, respectively) Our Cendant Settlement Services Business provides settlement services for both residential and commercial real estate transactions, including title insurance, appraisal review and closing services throughout the United States.
JB DAKen asked if a Board member could be recruited as the intern.
Management forecasts higher earnings for the Solutions Business for corporate clients and the Settlement Services Business.
To prevent conflicts of interest, if an employee’s spouse is employed by or owns more than 1% of the outstanding stock or other equity interest in an enterprise of any kind that is engaged in the Homebuilding Business, Mortgage Financing Business or Settlement Services Business, the employee must report the spouse’s employment or ownership to the Senior Vice President of Human Resources, the Company’s Ethics Officer.