Comparing the current results to its competitors, Lans Holdings Inc reported Revenue decrease in the 3 quarter 2017 year on year by -31.89 %, despite the revenue increase by the most of its competitors of 2.34 %, recorded in the same quarter.
Lans Holdings Inc's Comment on Competitors and Industry Peers
The payment processing industry is highly competitive. The level of competition
has increased in recent years as other providers of payment processing services
have established a sizable market share in the small and medium sized merchant
segment. Our primary competitors for these merchants in these markets include
financial institutions and their affiliates and well-established payment processing
companies that target merchants directly and through third parties, including
Bank of America Merchant Services, Chase Paymentech, Elavon, Inc. (a subsidiary
of U.S. Bancorp), First Data Corporation, Heartland Payment Systems, Inc., Vantiv,
Inc., Global Payments, Inc. and Wells Fargo. Competing with financial institutions
is challenging because they often bundle merchant acquiring services with other
banking products. Our growth will depend on the continued growth of electronic
payments and our ability to increase our market share through successful competitive
efforts to gain new merchants.
In addition, many financial institutions, subsidiaries of financial institutions
or well-established payment processing companies that we compete with have substantially
greater capital, technological, management and marketing resources than we have.
These factors may allow our competitors to offer better pricing terms to merchants,
which could result in a loss of our potential merchants. This competition may
effectively limit the prices we can charge our merchants and require us to control
costs aggressively in order to maintain acceptable profit margins. Additionally,
our future competitors may develop or offer services that have price or other
advantages over the services we provide.