Category: jfojav

  • 3 debit trends to watch in 2019

    first_img 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Debit cards remain one of the most frequently used forms of payment. 70 billion debit transactions take place each year in the U.S. alone. According to the latest study from the Federal Reserve, debit card transactions made up 67 percent of all card payments in 2017.But while debit usage appears to be growing, the debit channel is quickly evolving alongside changing consumer expectations. “While debit remains such a strong payment vehicle for us all, some important new market dynamics are changing the way we think about debit,” said Dr. Kathy Snider, SVP, Debit/Prepaid and Shared Branch Product for CO-OP.  “For example, we’re starting to experience the rise of P2P, along with the decline of cash payments.  So, this is a market in flux, and the transformation has implications for credit unions.”Optimizing your debit program requires a deeper understanding of how and where your members are engaged in and using their debit cards. To help credit unions build a roadmap for debit portfolio optimization, CO-OP partnered with Mastercard and Mercator Advisory Group to conduct a comprehensive study of the debit industry. The study analyzed survey responses from more than 240 U.S. credit union executives related to debit card usage, issuance, and management.Here are three of the most impactful debit industry trends discovered in the report:1. The Future is DigitalWhile ATMs and in-store payments dominate debit card transactions, the proliferation of mobile phones and the shifting demographics of debit card users is quickly changing the debit experience.  80 percent of survey respondents believe that offering members the ability to manage their debit accounts with a mobile device is extremely important. A full 87 percent of survey respondents offer their members service through a mobile app, and 55 percent report that members have enrolled their debit cards in mobile wallets.However, mobile debit card usage still has a long way to go. Members are still reluctant to set their debit card as the default card for mobile payments. Additionally, less than 50 percent of credit unions are actively marketing their mobile debit solutions. This represents a huge missed opportunity for credit unions. Credit unions must focus on promoting debit as a viable option for mobile wallet payments and then encourage active card management through features like card controls and alerts in order to meet their members’ digital expectations. 2. Increasing Activation and Usage Will Be Key to PFI StatusCredit unions are relying on a variety of tactics to encourage members to activate and use their debit cards. Instant card issuance is among the most prevalent strategy, with 63 percent of survey respondents currently offering or planning to offer it. As a result, they are seeing a higher ratio of debit cards to checking accounts. Nearly 40 percent of respondents indicate their credit unions have achieved a 70 percent or greater debit card-to-checking account ratio due in large part to instant issuance.Debit rewards are another promising tool for increasing debit card usage. 55 percent of respondents said they are considering or actively offering debit loyalty rewards. However, the cost of launching and maintaining these programs, as well as changes in the way merchants handle signature vs. PIN transactions, are leading credit unions to re-evaluate the benefits of debit rewards – even if they are not discontinuing these programs altogether.  3. Fighting Fraud With Advanced Data-Driven Tools Our study revealed that 50 percent of debit fraud occurs without a physical card present, either through an online or phone transaction or as a result of card skimming. Credit unions are increasingly concerned about card-not-present fraud, particularly as it can deter members from using debit for online transactions.Leveraging account-based fraud mitigation tools delivered by industry-leading processors was said to be extremely effective by 41 percent of our survey respondents. Particularly now that members are transacting on multiple channels, account-based fraud mitigation tools that provide a more comprehensive view of a member’s transaction activity are far more effective than manual review of individual fraud cases. That is what CO-OP’s COOPER fraud mitigation solution aims to do by using a 360-degree view of the member to detect and adapt unusual spending patterns.Planning Your Debit Strategy for 2019While the credit unions who participated in our survey expressed optimism around the continued growth of their debit offerings, all agreed that meeting member expectations will be increasingly challenging. Delivering an omni-channel debit experience will require a comprehensive set of solutions designed to turn your debit offering into a differentiator. Read the 2018 Debit Benchmark Study to discover where credit union members are engaged in and actively using debit products and discover strategies to help boost debit penetration, activation and usage.last_img read more

  • Forgot your password? Most people do

    first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Passwords are as consequential to our everyday lives as car keys. If we want to go anywhere, we need them. And losing or forgetting them can derail an entire day.Most people require only one car key. But as digital connections multiply to include everything from online banking to hotel rewards accounts, consumers are forced to manage and remember multiple passwords.As a general rule, people don’t do a very good job at that. They create simple passwords that are easy to hack. They share them. They create lists of passwords and put them in easy-to-find places. They get frustrated and use the same two or three for every account. Basically, they do everything short of handing their digital keys to hackers.last_img read more

  • Hundreds detained, firearms used in third night of Belarus unrest

    first_imgPolice in Belarus said Wednesday they had detained hundreds more people and used firearms against protesters in a third night of violence over a disputed presidential election.Western governments have condemned the crackdown and the European Union said the bloc’s foreign ministers would discuss Belarus at an extraordinary meeting on Friday.Protesters rallied again on Tuesday night to contest strongman President Alexander Lukashenko’s claim of having won Sunday’s election, although they were in smaller numbers after police cordoned off city centers and limited transport. Women form human chain The protests broke out after authorities said Lukashenko, who has been in power since 1994, won 80 percent of the vote in Sunday’s polls.Election officials said Svetlana Tikhanovskaya, a 37-year-old political novice who ran after other potential opposition candidates including her husband were jailed, came second with 10 percent.Tikhanovskaya said the vote was rigged and claimed victory, demanding that Lukashenko hand over power. She left Belarus on Tuesday for neighboring Lithuania, with supporters saying she came under pressure from authorities.Protesters said Tuesday night’s crackdown in Minsk was especially violent, with videos released on social media showing police kicking protesters lying prone on the ground, smashing cars with truncheons and assaulting passers-by. Yan, a 28-year-old paramedic from Minsk who has protested every night since the election, said police had become more aggressive.”Things were scary last night, it was complete lawlessness,” he told AFP. “All of this is aimed at intimidating people so that they keep quiet.”Oleg Gulak, the head of the Belarusian Helsinki Committee rights group, said he was “stunned by the unprecedented level of cruelty and violence” used against protesters.”Last night was the scariest night in Belarus’s modern history,” he said.On Wednesday, several hundred women, many wearing white and holding flowers, joined hands to form a human chain in central Minsk urging an end to police violence.Hundreds of people also gathered outside a pre-trial detention center in Minsk in an effort to learn about the fate of missing family members.EU foreign policy chief Josep Borrell said Belarus would be discussed at Friday’s extraordinary meeting. The bloc on Tuesday condemned the election as “neither free nor fair” and Borrell threatened sanctions against “those responsible for the observed violence, unjustified arrests, and falsification of election results.” In the capital Minsk, protesters and witnesses said riot police used indiscriminate force against those who did gather, firing stun grenades and rubber bullets in the suburbs. In the southwestern city of Brest on the Polish border, police said they had used firearms against a group of demonstrators armed with metal bars who had ignored warning shots, wounding one.”A group of aggressive citizens with metal rods in their hands attacked police employees in Brest” on Tuesday, interior ministry spokeswoman Olga Chemodanova said in statement. “Firearms were used to protect the lives and health of the employees,” she said, adding that “one of the attackers” was wounded. Topics : The ministry said protesters gathered in 25 cities and towns on Tuesday night and that more than 1,000 people had been detained. The latest arrests have brought the number of detentions to more than 6,000 after three days of protests.More than 50 people sought medical assistance, it said.Chemodanova said there had been smaller gatherings on Tuesday than on the two previous nights.”The number of protesters was smaller last night, as was the number of cities where protests took place,” she told AFP. Dozens of people have been wounded in the crackdown and police said that one protester died when an explosive device went off in his hand on Monday night.last_img read more

  • Public investment key to COVID-19 recovery: IMF

    first_imgPublic to privateAnd when governments start investing more, the IMF expects the private sector to follow.Assuming investments are of “high quality,” the IMF said increasing public investment by one percent of GDP could raise private investment by 10 percent, employment by 1.2 percent, and GDP by 2.7 percent, as well as shoring up overall confidence in the recovery.The IMF encouraged governments to take a second look at projects that had been delayed in the past and plan new ones focused on their needs after the pandemic is over, but also encouraged economies of all sizes not to neglect existing infrastructure.”We do have a lot of opportunities or valuable maintenance in investments, not just in poor countries. But also, in fact, even more in the advanced economies,” Mauro said.He pointed to France, where a quarter of drinkable water pipes are at the age where they should be replaced. And the average age of US bridges is 45 years, nearing the end of their typical 50-year lifespan, Mauro said.”There’s a lot of maintenance that would have needed to be done even aside from the pandemic. And maintenance investment is very labor intensive, it creates a lot of jobs and it can be activated very quickly,” he said.The fund cautioned poorer countries to be careful with public investment, as they do not have as broad an access to finances as wealthier nations.The coronavirus pandemic has caused an economic slowdown the IMF has dubbed the “Great Lockdown,” forecasting earlier this year global GDP would shrink 4.9 percent. However, last month a fund spokesman said the outlook may be less dire than initially believed. The IMF’s updated forecast is set for release next week.Topics : Public investment should play a “central role” in boosting the economies of emerging and advanced economies as they struggle to recover from the coronavirus downturn, the International Monetary Fund (IMF) said Monday.With interest rates at rock bottom around the world, the Washington-based crisis lender said now is the time for governments to take action to create jobs by reviving delayed infrastructure projects and tackling new ones, as well as by investing in maintenance.”We are in this unprecedented situation of very low cost of borrowing, crumbling infrastructure, even in the advanced economies,” said Paolo Mauro, head of the IMF’s fiscal affairs department. “Public investment can provide that support to economic activity and job creation that is needed.” Fund officials, especially IMF chief Kristalina Georgieva, since the start of the pandemic have been stressing the need to ramp up spending to buffer against the impact of the sharp global downturn, an unusual stance for the organization that has long preached fiscal responsibility and caution about debt levels.But even before the pandemic, public investment “had been weak for over a decade, despite crumbling roads and bridges in some advanced economies and massive infrastructure needs for transportation, clean water, sanitation” in poorer nations, the IMF said in a report released ahead of its annual meeting next week.With many countries still fighting off COVID-19 and many people who lost their jobs amid the pandemic looking for work, the IMF estimates that every US$1 million spent on traditional infrastructure creates two to eight jobs, while the same amount spent on research, development and green technology can create five to 14 new positions.Boosting public investment by just one percent of GDP could create between two and three million jobs in the European Union, and nearly two million jobs in the United States, Mauro said.last_img read more

  • ​APG, PFA, Danica back $1.6bn lithium-ion battery debt financing

    first_imgAn artist’s impression of a Northvolt factoryOle Krogh Petersen, chief executive at Danica Pension, said he expected the investment to provide strong returns, while contributing to the green transition.“With their batteries for electric cars, Northvolt will play a major role in the transition of the transport sector from fossil fuels to sustainable forms of energy,” he said.A spokesman for APG said the firm had decided to invest in the Northvolt debt raising because it expected to make a good return. The loan also fit well with the aim of its client, the pension fund ABP, to increase the share of green investments in its portfolio, he said.“It is also an example of the opportunities we see in private markets in addition to investing in public markets,” he said.He declined to reveal the size of the Dutch pensions manager’s investment in the debt.Looking for IPE’s latest magazine? Read the digital edition here. Peter Tind Larsen, head of alternative investments at PFA, said: “We believe that electric vehicles will play a major role for many years in terms of reducing CO2 emissions from the transport sector.”Northvolt said it is aiming for 50% of raw materials to be derived from recycled batteries. European pension heavyweights PFA, Danica Pension and APG have invested in a $1.6bn (€1.4bn) financing package for Swedish lithium-ion battery maker Northvolt as part of a consortium of global investors including banks and public financial institutions.Danica Pension, the pensions subsidiary of Danske Bank, disclosed it had invested approximately DKK837m (€112.5m), and a spokesman for PFA told IPE the commercial mutual pension fund had invested the same amount.The financing takes the form of a subordinated loan and is to support Northvolt’s development of two lithium ion battery giga-factories and investments in research and development, industrialisation and recycling, according to the Swedish firm.Northvolt’s batteries are a key component of electric vehicles.last_img read more

  • The stone rejected by the builders

    first_img Sharing is caring! Share FaithLifestyleLocalNews The stone rejected by the builders by: – October 1, 2011 Tweet 888 Views   no discussionscenter_img Share Share Image via: marthabowman.orgIn the parable we have this weekend, Jesus relates how the tenants of a vineyard repeatedly mistreated and killed servants of the vineyard owner. The parable ends when the tenants murder the owner’s son. Such is the picture that Jesus paints of the religious leaders of his day. For years God sent prophets to their forefathers and they rejected their message. And in like manner these elders rejected John the Baptist. And sadly they were now rejecting him.The image of the stone rejected comes from the ancient quarries where highly-trained stonemasons carefully chose stones used in construction. No stone was more important than the cornerstone because the integrity of the whole structure depended on the cornerstone containing exactly the right lines. If the cornerstone was not exactly right, the entire building would be out of line. For that reason, builders inspected many stones, rejecting each one until they found the one they wanted. Rejected stones might be used in other parts of the building, but they would never become the cornerstone or the capstone (the first and last stones put in place).A rejected stone which is the stone most needed for a building’s integrity is one of the Bible’s more arresting paradoxes. The Bible speaks in a variety of different modes – poetry, prose, miracle, history, parable, and proverbs. But paradoxical sayings, I have always thought, come closest to being its favoured mode. In the New Testament, it is lame who enter the kingdom first, not those with full use of their legs, the meek who inherit the earth, not the movers and the shakers; in the Old Testament, God is not in thunder and lightning but in a gentle breeze. When Samuel has to choose king for Israel his choice is not among the best and the brightest but falls on the forgotten shepherd boy in the fields. And in the Incarnation the Creator of heaven and earth comes to earth as a helpless infant.What’s the point of paradox? What does the Bible suggest by its frequent usage?Sometimes a paradox simply expresses something unexpected, as in ‘the first shall be last, and the last first.’ The ‘first’ here refers simply to the Jews, to whom the revelation of God first came but found no believers; the ‘last’ are the Gentiles, who were not intended as the original recipients. They came into the picture when the Jews failed to measure up. The ‘last’ became ‘first.’The paradoxes of a more puzzling kind are not in that vein. They are meant rather to subvert our normal way of looking at things, so we can think ‘outside the box,’ as we say. They are meant to pull us up short and make us take a second look. What is the meekness that inherits the earth? The meek are normally those who get pushed around. By the time they get to the top of the line, whatever’s being shared is all gone. By meekness the Bible is suggesting a particular quality of receptivity, the openness required to receive gifts. The earth, i.e. the manifold abundance of creation, is something no one can really or fully possess. We can only do as we consent to receive it as a gift; and it is those who are meek who enshrine this required attitude. Hence it is they who ‘inherit.’ They are the ones who ‘come into’ into its possession.Let ‘s get back to the stone rejected. As I indicated, Jesus meant this to refer to himself. He came unto his own, St. John would later write, and his own received him not. That referred not just to the religious leaders of the day who for one reason or another, including envy, refused to pay him any attention. It meant also the secular leaders (princes and procurators) who didn’t give him the time of day either.I cannot help thinking that the same is true today of many parts of the world – the Western world The secular is all that’s important. Everything else is relegated to privacy, i.e. for those who still want to think in terms that mean nothing to the majority of the rest of society. For these societies (it’s not just a matter of individuals) Jesus is the stone rejected, regarded as of no use for any part of any building.This is the big challenge for believers today. They live without social support. Their faith must be deeply personal, if it is to have enduring effects in their own lives and contribute quality to their witness. From the first week of Advent we will begin the Creed by saying ‘I believe’ instead of ‘We believe.’ The change could not have come at a more necessary time. Faith cannot be subsumed under the generality of ‘We believe.’ Every believer must say deeply for himself or herself, as if they alone mattered: ‘I believe.’By: Father Henry Charles Ph.dlast_img read more

  • 45 NegOcc ex-drug users complete treatment

    first_img“While we run after the drug syndicatesand pushers, we are also helping the users eliminate drugs in their lives,” hesaid. Eighteen persons who used drugs (PWUD)from various villages in Bago City finished the PagBAG-O Wellness Program onMarch 5. The CBDRP is intended for those whosuffer from drug use and drug abuse, but not for those who are diagnosed asdrug dependents. In San Carlos City, on the other hand,27 participants from Barangay Codcod and Barangay Quezon graduated from the KinabuhiAngay Ampingan Bag-Uhon Alang sa Ginoo (KAABAG) program on Feb. 28. Drug surrenders from Barangay Codcod and Barangay Quezon, San Carlos City, Negros Occidental attend the graduation of the Kinabuhi Angay Ampingan Bag-Uhon Alang sa Ginoo (KAABAG) in Barangay Codcod on Feb. 28. KAABAG is a 90-day Community-Based Drug Rehabilitation Program hosted by the local government of the city. SAN CARLOS CITY, NEGROS OCCIDENTAL-LGU BACOLOD City – A total of 45 former drugsurrenderers in two cities of this province have completed the 90-day Community-BasedDrug Rehabilitation Program (CBDRP) hosted by their respective local governmentunits. Baleros also credited thepartner-agencies of the Philippine National Police for the success of theprogram. According to Colonel Romeo Baleros, directorof the Negros Occidental Police Provincial Office, the conduct of the CBDRP ispart of the demand reduction campaign against illegal drugs in this province. CBDRP is being implemented as collaborationamong the LGUs, local health offices, social welfare development offices, andpolice units.(With a report from PNA/PN)last_img read more

  • Chelsea rival Real Madrid for €40m Leicester star Ndidi

    first_imgChelsea are showing an interest in Leicester City midfielder, Wilfred Ndidi, but face competition from Real Madrid, according to reports in Spain. Madrid have been looking at Rennes starlet Eduardo Camavinga – also linked with a Premier League move – but it is claimed by Todofichajes that Ndidi would be a cheaper alternative. The Leicester man is said to be valued at no more than €40m, and the Foxes would apparently be willing to make some money on the 23-year-old – who would be unlikely to turn down a move to Madrid. However, those claims mark a contrast to previous reports, which indicated that Ndidi would not be allowed to leave the King Power Stadium. read also:Leicester boss targeting FA Cup glory with Ndidi, Iheanacho Chelsea remains an alternative destination, though, with PSG also mentioned as potential suitors – while Ndidi has also been suggested as a target for Manchester United in the past. The Nigeria international is under contract with Leicester until 2024, and he has previously confessed he is happy at the King Power Stadium. FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content8 Little-Known Facts About Ancient Egypt That Will Puzzle YouWho Earns More Than Ronaldo?7 Theories About The Death Of Our UniverseReal World Archaeological Finds That Would Stump Indiana JonesCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Extreme Facts About HurricanesWhich Country Is The Most Romantic In The World?2020 Tattoo Trends: Here’s What You’ll See This Year7 Mind-Boggling Facts About Black HolesBirds Enjoy Living In A Gallery Space Created For Them7 Universities Where Getting An Education Costs A Hefty PennyThe Highest Paid Football Players In The World Ndidi has largely impressed for Leicester since joining them from Genk in January 2017, helping to replace N’Golo Kante after the Frenchman left for Chelsea. And according to Mundo Deportivo, Ndidi could now follow Kante to Stamford Bridge, as he has emerged as a target for the Blues. Chelsea could need a new defensive midfielder if they lose Jorginho to Juventus, where former boss Maurizio Sarri would like to be reunited – although Frank Lampard insists that the Italy international is not on the market. Another side in need of a defensive midfielder, though, is Real Madrid, as Casemiro is approaching the later years of his career at 28 years old.Advertisementlast_img read more

  • On-loan Liverpool keeper Karius ends Besiktas contract

    first_imgRelatedPosts Lampard: I still have confidence in Tomori Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Goalkeeper Loris Karius has terminated his contract with Turkish side Besiktas following a dispute over unpaid wages, the on-loan Liverpool goalkeeper said on Monday.Liverpool loaned German Karius to Besiktas on a two-year deal in August 2018 after paying a world-record fee for a goalkeeper when they signed Brazilian Alisson. Karius, who was widely criticised for being at fault for two goals when Liverpool lost the 2018 Champions League final to Real Madrid, complained to world soccer’s governing body FIFA last year that Besiktas had not paid him for several months.The 26-year-old said in a post on Instagram on Monday: “Today I terminated my contract with Besiktas.“It’s a shame it comes to an end like this but you should know that I have tried everything to solve this situation without any problems.“I was very patient for months telling the board over and over again.“Same things happened already last year. Unfortunately they haven’t tried to solve this problem and even refused my suggestion to help by taking a pay cut.” The 26-year-old Karius will now return to Liverpool following the termination of his deal in Turkey.Reuters/NAN.Tags: Alisson BeckerBesiktasLiverpoolLoris Kariuslast_img read more

  • Zidane speaks highly of Hazard

    first_img Hazard, who recently signed a new contract at Chelsea until 2021, has spoken of Zidane as his hero and the respect appears to be mutual. The former France playmaker is a coach at Real and his appraisal of Hazard as one of the three best players in the world, with room for improvement, could be seen as the start of the Spanish giants’ courtship of the Belgian. Press Association Zinedine Zidane has spoken of his admiration for Chelsea’s Eden Hazard in comments which are sure to spark speculation of a future switch to Real Madrid.center_img Chelsea boss Jose Mourinho recently said every player has a price, but has no intention of selling a player who is favourite for Sunday’s PFA Player of the Year award. “There are players I keep an eye on and who I like a lot, like Lionel Messi and Cristiano Ronaldo, of course,” Zidane told “They’re fantastic players, but I like Eden Hazard a lot too. I enjoy everything he does on the pitch. “I like the way he carries himself, that decisive streak in him and the fact that he’s improving every year. “He can still get better too, and I think he’s a big reason why Chelsea are on top of the table.” Hazard, who joined Chelsea in 2012 from Lille for £32million, scored his 18th goal of the season in last Saturday’s defeat of Manchester United. A win at Arsenal on Sunday means Chelsea could secure the Premier League title the following Wednesday at Leicester. last_img read more