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Payments companies should “think globally” but also “execute at a level they can support,” agrees Todd Ablowitz, president of Double Diamond Group, a Centennial, Colo.-based consulting firm.

There is “more stability and diversity of revenue” in international operations, says Ablowitz. “One area might get hot for your niche, and another might be stagnant for a while,” he says, noting for example that Near Field Communication technology is growing faster in some regions than it is in others.

Many service providers that have expanded beyond the United States also are operating in Canada, he says.

PaymentsSource, March 11, 2010