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Proxies make payments simpler by connecting payment details to mobile phone numbers or email addresses. Well-designed retail payment systems should incorporate 'pay by proxy' to help electronic payment adoption. Organisations are encouraged to adopt proxy management strategies to enable payment ubiquity.
A proxy is a person who represents a member in the shareholders' meeting of a company, with a legal document that could prove their authority.
Proxies allow users to use an account (it can be in cold storage or a hot wallet) less frequently but actively participate in the network with the weight of the s in that account.
Proxy statements are documents that the Securities and Exchange Commission requires companies to give to shareholders so they can weigh in on important company issues. Proxy statements offer shareholders information about changes on the board and other important decisions the board needs to make.
A proxy, or alias, identifies recipients and their payment accounts using a simple unique alternative for payment services such as person-to-person (P2P) money transfers, merchant payments, cash deposits, and cash withdrawals.
For example, if a member will be absent from a company meeting, they have the right to appoint another person (a non-member of the company) to attend the meeting and vote in their stead. This person is therefore called a Proxy.