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July 29, 2017

The Great Seal Of US One Dollar Bill

Let's pull out a buck from our wallet and get prepared to be amazed

Did you know a dollar bill has hidden pictures, flecks of color, and mysterious symbols? And that’s just the beginning. What do all those seemingly random letters and Latin phrases mean, anyway?
The first $1 bill was issued in 1862 as a Legal Tender Note with a portrait of Salmon P. Chase, the Treasury Secretary under President Abraham Lincoln

The Basics: How much is a dollar worth?

The question seems simple, but the answer is quite complex. Since 1973, the dollar bill has had no value tied to it. You cannot trade in a dollar to the government for gold, silver, or any other commodity. The value of the nation's currency is related to the decree by the government that a dollar is legal tender for all debts. This means if someone attempts to pay a debt using dollars, the person being paid must accept the money or the law no longer recognizes the debt. This is important enough that the phrase is printed on every bill the government creates.

 The National Banking Act of 1863 established a national banking system and a uniform national currency. Banks were required to purchase U.S. government securities as backing for their National Bank Notes. Although United States Notes were still widely accepted, most paper currency circulating between the Civil War and World War I were National Bank Notes. They were issued from 1863 through 1932. From 1863 to 1877 National Bank Notes were printed by private bank note companies under contract to the Federal government. The Federal government took over printing them in 1877.
It is also vital for the nation's citizens to agree that the bills have value. If the members of a society decided that they did not believe in the currency, it would quickly be worth no more than the paper it is printed on. For the record, each bill costs the government 6.4 cents to print.

What kind of paper are the bills made from?

Bills are made from a blend of linen and cotton, which is why they don't fall apart in the wash the way paper does. If you look closely, you can see red and blue silk fibers woven throughout the bill. The threads are thought to be an anti-counterfeit measure.

Hint: Look in the white spaces on the face of the bill for little bits of the colored thread. They look like lint but you can't scratch them off!

On the face of a dollar, what does the letter inside the circular seal mean?

The black seal with the big letter in the middle signifies the Federal Reserve bank that placed the order for the bill. A = Boston, B = New York City, C = Philadelphia, D = Cleveland, E = Richmond, Va., F = Atlanta, G = Chicago, H = St. Louis, I = Minneapolis, J = Kansas City, K = Dallas.

The letter also corresponds to the black number that is repeated four times on the face of the bill. For example, if you have a bill from Dallas with the letter K, then the number on the bill will be 11 because K is the eleventh letter in the alphabet.

Can you find any tiny owls or spiders hidden on the front of the bill?

Many people believe they can see a tiny owl (some say it is a spider) next to the large "1" on the upper right of the bill. If you look at the shield shape that surrounds that "1," the tiny owl rests on the top left corner.

More than likely, the markings are nothing, just a point where the webbed design of the border varies. That won't stop some people from associating the peculiar detail with Masonic symbols, or with more practical things, like anti-counterfeit measures.

The Great Seal of the United States

The green back of the dollar bill features the two sides of The Great Seal of the United States. The founding fathers approved its design in 1782. Ben Franklin, John Adams, and Thomas Jefferson all had a hand in devising it. The seal provides great insight into the values of the newborn nation and, like the Constitution, provides a direct link to its formative days.

What does Annuit Coeptis mean?

The first of three Latin phrases on the back of the bill is translated as "God looks favorably upon our projects in progress - God favors our undertakings." Many founders, Franklin and George Washington among them, believed that God's will was behind the successful creation of the United States.

Beneath the pyramid, what does Novus Ordo Seclorum mean?

These Latin words mean "New order of the ages or New World Order ." Charles Thomson, a statesman involved in the design of The Great Seal of the United States, proposed the phrase to signify the beginning of what he called "the new American Era," which he said began in 1776 with the signing of the Declaration of Independence.
Why is MDCCLXXVI on the bottom of the pyramid?

The letters are Roman numerals for 1776. M is 1,000, D is 500, CC is 200, L is 50, XX is 20, VI is 6. Add the numerals on the pyramid together and you get the year 1776, when the Declaration of Independence was signed, and when the Novus Ordo Seclorum began.

Why is there an unfinished pyramid with a glowing eye?

Thomson explained the sturdy pyramid as a symbol of "strength and duration". He did not explain its unfinished state, but many believe it signified that our nation remained unfinished. The pyramid also stops at 13 steps, the number of the original colonies.
The "Eye of Providence" is a visual representation of the words Annuit Coeptis, and reinforces the founders' notion that God looked upon the endeavor of the new nation with favor. Many theorists mistakenly believe the symbolism of the eye is related to the Freemasons (a secret society whose members believed they were under the careful scrutiny of God), but the symbolism of the glowing eye is far older than any Freemason thinking. Scholars have traced versions of the symbol as far back as the ancient Egyptians.

What does E Pluribus Unum mean?

"Out of many, one." The 13 disparate colonies came together to form one nation.

Why a bald eagle? The founders wanted an animal native to America to be the new nation's symbol. In its talons the eagle holds arrows and olive branches, signifying war and peace.
 Esoteric Light Freemasonry: Sigil of The 33rd Degree -  Illuminated Degree.

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July 12, 2017

Five strategies for cross-border e-commerce success.

Paysafe always sets the pace in a rapidly changing financial world.

The Point of Every Payment



We believe that every point of every payment should be relevant, simple, fast, efficient and safe. Welcome to the company trusted to move billions of dollars around the world.

Digital technologies are the "great equalizer" of our time. If you’re a business, digital means it’s now easier than ever to reach new markets. If you’re a customer, you now have access to products and service from almost anywhere on the planet.

The impact is most evident in the e-commerce space, an industry that’s expected to be worth US $424 bn by 2021. But, even offline, businesses are increasingly operating in an international marketplace at every stage of the supply chain.

Against this backdrop, businesses can no longer afford to treat payments as a mere commodity and as a result the role of Payment Service Providers (PSPs) is changing. Business no longer have to go it alone when it comes to planning and deploying cross border strategies and today’s international merchants use PSPs as partners, leveraging their capabilities and experience to shape new multi-market B2C and B2B commerce services.

Indeed, a recent Paysafe White Paper has identified five proven payments strategies for businesses that stimulate cross-border growth and expand reach by engaging new audiences.

1. Explore alternative payment methods to deliver variety, choice and relevance
From money remittance to electronic payments and beyond, relevance is often underrated — an unsung hero, if you will. Nowhere is this more apparent than in e-commerce, where 46.1% of cart abandonment issues occur at payment stage.

CEO and President Joel Leonoff on Paysafe's 2016 interim results

 Consumers want to pay using the payment method they know and prefer, and this isn’t always a credit card or some other traditional means of payment. So, with international markets now more competitive than ever, offering the right mix of payment methods can make the difference between success and losing a significant chunk of business.
Relevance depends on many factors, including the cultural context, people’s attitudes and the economic circumstances in a given market. There’s no one-size-fits-all solution. At the same time, offering a large number of different payment options may not be feasible. The cost of implementation can be high. And the potential return on investment may not be enough to justify the expense

So, to maximise your appeal to as many customers as possible, it’s worth exploring alternative payment methods. From digital wallets that link to individual customers’ preferred card or account to payments using cryptocurrencies, alternative payment methods can address the issues of relevance and variety whilst also being scalable.

Alternative payment methods also offer other benefits, including mobile-optimised solutions, recurring payments and multi-currency payments.

2. Use security and compliance as a unique selling point

Security in digital payments presents a unique challenge.

On the one hand, having robust checks in place is key. Unauthorised transactions and other fraudulent activities can result in chargebacks eating away at your revenue. And, there’s the risk of long-term loss of business caused by reputational harm and lack of consumer trust. 

Regulatory pressure is also increasing. For instance, PSD2 — which will enter into force in January 2018 — calls for 2-factor authentication on all electronic payments over €10 (at the time of writing, €10 is approximately US$11.18).

But customers often find security procedures complex, frustrating and annoying. Indeed, PSD2’s security requirements have caused considerable alarm in payment circles due to concerns about increased friction and, consequently, greater shopping cart abandonment rates.

Clearly, choosing payment methods that offer a happy medium between security and ease of use can put you at a considerable advantage, as they allow you to stand out by adding value via an outstanding user experience.

3. Build a seamless experience across different channels

The days when consumers transacted business through a single channel are long gone. More and more, they start transactions on one channel — typically their smartphone — and finish through another, for instance at a local store. Which is why omnichannel has become a strategic priority for 37% of businesses.

In the B2B space, omnichannel is also growing in importance. Actual purchases aside, a majority of B2B customers want to view their activities across all channels and have access to a unified account and order history. In other words, convenience is a universal need, irrespective of the type of customer you service.

Consumers typically think of shopping as one single experience, even when transactions involve different channels or a cross-border dimension. And they always expect payment to be easy and safe, whatever the time, date, location, type of product and availability.

So, offering a seamless payment experience across channels and borders can help customers feel more connected to your brand. In turn, this builds trust and boosts loyalty, which enhances customer retention.

Speaking of customer loyalty:

4. Add value to your payment solutions

Offering added-value payment solutions is a great way of building brand loyalty whilst also standing out from the crowd. And this holds true as much for B2B customers as it does in the B2C space.

Adding value doesn’t mean reinventing the wheel. It can be as easy as using existing payment methods in novel ways.

A case in point, you can deploy prepaid cards as loyalty cards, so they serve both as a payment method and as a way to collect rewards. Similarly, online credit financing and pay later programmes allow customers to spread costs — which can lead to larger purchases — while also encouraging them to return.

5. Serving the underserved

Last but not least, offering payment methods that give the underserved access to the digital economy is a great growth opportunity.

People often take bank accounts and credit cards for granted, especially in the West. But the underbanked are everywhere, not just in developing countries. In Europe, for instance, 138 million people still don’t have a bank account, even though the Payment Accounts Directive grants all EU citizens the right to have one.

Even where access to banking services isn’t a problem, some people simply prefer using cash. And this precludes them from participating in the digital economy.

Alternative payment methods that allow people to convert cash into digital currency can create inroads into largely untapped markets, and help economies become more inclusive by bridging the gap between the analog and digital payment spheres.


There’s never been a better time to expand beyond the confines of your local market. But, as cross-border commerce continues to grow, setting yourself apart from the competition will also become more challenging.

Savvy customers now value convenience more than ever. So, the most successful cross-border merchants will be those with the foresight to leverage payment technologies, alternative payment methods and value-add tools such as prepaid and online financing to provide safer, simpler, more relevant and seamless shopping experiences.

For this to happen, partnering with a trusted cross-border payment services provider is crucial. Aside from help selecting the right technology and transitioning smoothly, your payment services provider offers many other benefits. Their expertise can help you boost your return on investment. And their solutions can help you drive competitive edge and speed up expansion and growth.

Source Paysafe

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