Evolving payments

first_imgPayment trends are tracked, analyzed, scrutinized and hypothesized over and over.  We have always paid attention to payments and how they are processed, completed, etc.  But, never as much as over the last two decades. This is mainly due to the rapid number of changes and advancements made in the payments space.  Consider that before the mid-1950’s, the only way to make a payment in the United States was via cash/coin or personal check.  Then, in 1950 the first credit card was introduced in the U.S. Nearly twenty years later ACH standardized the process of automated credit and debits. Paving the way for direct deposit and automatic withdrawal.  In 1969 the first domestic ATM was introduced in New York. And debit cards were introduced shortly after, in the early 1970s.  Why were all of these new payment methods created? Convenience and speed.  The ability to write a check meant not having to carry too much cash around and reduced the amount of cash and coin retailers needed to keep on hand.  The creation of the ATM gave account owners the ability to access cash at times when their financial institution’s offices were closed. ACH meant not having to spend time taking a paper check to your financial institution to make a deposit, only for it to be truly available in your account five to seven days later.  In the time since the 1970s we watched and analyzed the decline in check payments as debit card payments continued a steady rise.  And for about thirty years we held the course. Nothing changed. Sure, checks got prettier. You could get Snoopy or the American Flag printed on your checks instead of the old parchment paper look.  But, not much changed.  In 2003, the U.S. Congress enacted the Check 21 Act.  This allowed for a digital copy or printed copy of a check to be used as a legal substitute to speed up check payment processing.  At this time PayPal was coming into its own and beginning its significant growth in the online retail payment market. Then in 2007, the first iPhone was introduced.  Since 2007, thousands of different payment companies have been created to capitalize on the burgeoning mobile payment marketplace.  In 2018, debit card payments edged out cash payments for the lead in U.S. payment types.  Why debit? Well, most of your mobile payment apps are using your debit card or checking account information for payment processing.  So, debit cards and ACH are benefitting from the mobile payment space as much as the mobile providers are themselves.  What’s next for payments?  You won’t have to wait long to find out.  In the time it took to read this article, three new payment start-ups were created in hopes of starting a new trend.  Blockchain has the potential for disrupting the established networks of ACH and debit payment. But, how will that ultimately affect your institution?  Or more importantly, how will that affect your ability to serve your account holders? I guess only time will tell. But, based on the last fifteen years of advancement in payments, you may not want to blink.  ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Joe Woods Joe Woods, CUDE is a 15-year credit union veteran.  He has spent time with Corporate One FCU, Liberty Enterprises, co-founded Legacy Member Services and was part of the senior management … Web: www.dolphindebit.com Detailslast_img read more

Jars of human remains found under Florida home

first_imgGainsville Police are currently investigating the discovery of jars containing preserved human remains found under a home.The jars were found during an inspection of the house’s foundation. Some of the jars date back to 1960, and contain human tongues.The home was previously owned by Dr. Ronald A. Baughman, a former University of Florida researcher and current professor emeritus who published studies in the 1970s and ’80s.Investigators are looking to see if the human remains are related to work that Dr. Baughman may have brought home and stored under the house’s floorboards.last_img read more

Nine Compete for Appointment to Port’s District #3 Seat

first_imgSubmitted by The Port of OlympiaPort of Olympia received applications from nine District #3 residents vying for appointment to the open District #3 Commission seat. The deadline to apply was May 8 at 5:00 p.m.The vacancy is a result of Commissioner Sue Gunn’s resignation due to medical matters. The person appointed will serve until the County-wide election is certified in late November. At that time, the seat will vest in the person duly elected by a majority of the residents who voted.Applicants for the Port Commissioner District #3 appointment are (in alphabetical order):·        Jerry Farmer·        Frederick Finn·        Lawrence Goodman·        Bob Jones·        Michelle Morris·        Dick Pust·        George Sharp·        Bill Wells·        Elizabeth (E.J) ZitaCommissioners George L. Barner, Jr. and Bill McGregor are reviewing the applications. They will decide which persons they will interview for the position at their regular public work session on May 21, 2:30 p.m.Interviews of the selected candidates will occur during public meetings on June 1 and 2, 1:00 p.m. to 5:00 p.m.The Commission anticipates appointing the new District #3 Commissioner at their regular meeting on Wednesday, June 10 (which is a reschedule of their typical 2nd Monday meeting date). The next step will be the swearing in of the appointed Port Commissioner at the Thurston County Courthouse.Once sworn in, the appointed Commissioner will participate in all Commission meetings and business, including the regular study session on June 18 and the regular meeting on June 22.All the Commission meetings described will occur at Tumwater Town Center, 7241 Cleanwater Drive SW, Tumwater.For information about the process, please contact Jeri Sevier, [email protected], 360.528.8003 Facebook0Tweet0Pin0last_img read more

PUBLIC ADVISED BALDWIN AVENUE TO BE CLOSED SOUTH OF 210 FREEWAY FOR SANTA ANITA DERBY DAY 5K RUN & WALK ON SATURDAY, APRIL 4, CLOSURE TO BE IN EFFECT FROM 7:30 A.M. TO 9:30 A.M.

first_imgARCADIA, Calif. (March 25, 2015)–Those wishing to spend the morning at Santa Anita’s Clockers’ Corner on Santa Anita Derby Day, Saturday, April 4, are advised that Baldwin Ave. will be closed to vehicular traffic between the 210 Freeway and Huntington Drive from 7:30 a.m. until 9:30 a.m. in order to accommodate foot traffic related to Santa Anita’s annual Derby Day 5K Run and Walk.Accordingly, Santa Anita’s Gate 8, which adjoins the Westfield Shopping Mall on Baldwin Ave., and Gate 7, at the track’s northwest end, will also be closed to vehicles during the same time frame.Those wishing to visit Clockers’ Corner on Derby Day morning will be able to enter the track on Santa Anita’s northeast perimeter, through Gate 5, or on the track’s southern perimeter, through Gate 3. Gates 3 & 5 will be open for easy access to Clockers’ Corner beginning at 5 a.m. and will remain open throughout the day. Santa Anita’s main track will be closed for training at 7:30 a.m.Gate 3 is located at the intersection of Holly Ave. and Huntington Drive. Gate 5 is located at the confluence of Colorado Place and Huntington Drive.For additional information on the Grade I, $1 million Santa Anita Derby and on the Derby Day 5K Run and Walk, fans are encouraged to visit santaanita.com/events, or call (626) 574-RACE.last_img read more

Donegal brothers scoop €530M contract for new London hotel

first_imgA construction firm operated by two Donegal brothers has won a contract to convert an older building into a modern five-star hotel.The Byrne brothers, Cormac and Patrick, who are originally from Killybegs, front the Ardmore Construction company.The company has just been given the prestigious job to convert the historic Old War Office building in Whitehall into a luxury Raffles hotel and super-prime flats. The building conversion, understood to be in the region of €530M, is thought to be the biggest single-stage, fixed-price building contract to be let in the country.The vast Edwardian building, where Winston Churchill once worked and whose 1,100 rooms are linked by more than two miles of corridors, is being redeveloped by the Hinduja Group and Spanish firm OHLD.Ardmore has already worked on a string major London hotel conversions and new build projects in recent years.The firm has now raised hoardings around the site where it will create the 125-room five-star hotel and 85 luxury apartments. Advertisement The complex project will double the number of floors from seven to 14. This will include adding three extra floors to the top as well as extending the existing two-floor basement down with four extra basement levels.A new 25m swimming pool and ballroom will be built in the new basement below the existing central quadrangle. Donegal brothers scoop €530M contract for new London hotel was last modified: October 26th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:ArdmorecontracthotelLondonlast_img read more

Speleology Without Evolution

first_img“Steven Taylor, a macro-invertebrate biologist with the Illinois Natural History Survey at the University of Illinois, has spent more than two decades plumbing the mysteries of cave life,” an article said on PhysOrg, based on a press release from the University of Illinois.  The article describes his adventures in tight, dark spots in numerous caves, studying the bizarre creatures of the dark that live in these ecological “islands” cut off from the outside world.  The article did not mention evolution once.See?  Good science can be done without Darwin.  Whether Taylor believes in evolution or not is beside the point; the guy was observing, cataloging, and studying the effects of the above-ground environment on the creatures below ground.  He was adding to our knowledge and understanding.  Evolution had nothing to do with it (see quote, top right of this page).    Caves are fascinating environments that can provide interesting insight into ecology and natural variation and genetic drift (e.g., loss of vision in cave fish; see 04/09/2010, 01/08/2008), without any requirement to believe cave creatures are evolving upward in complexity.  In fact, there are good reasons to doubt Darwin when studying caves (e.g., 10/18/2004, 02/16/2007).  For a creationist view of cave formation and cave ecology, be sure to get The Cave Book by Dr. Emil Silvestru, a geologist who has spent much of his life studying caves (see Resource of the Week for 03/13/2010).(Visited 7 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

SKA South Africa unveils ‘First Light’ image from outer space

first_imgCD AndersonThe Square Kilometre Array (SKA) radio telescope project, near the town of Carnarvon in the remote Northern Cape, revealed the first image of space taken using the project’s first phase of 16 fully-functioning MeerKAT receptor units.Named ‘First Light’, the image was presented at an onsite function held on 16 July 2016.SKA SOUTH AFRICA – Google Search https://t.co/rkUO4fplxv pic.twitter.com/PZ5Z7402uv— Sonia (@S_o_n_i_a) July 9, 2016The presentation formed part of a tour of the SKA facilities by other ministers and 11 government deputy ministers, invited by Science and Technology Minister Naledi Pandor.Among the dignitaries was Ebrahim Patel, minister of economic development and member of the Presidential Infrastructure Co-ordinating Commission (PICC).Infrastructure investment is a key priority of the National Development Plan and the New Growth Path, and the SKA project is one of 18 strategic infrastructure projects identified by the PICC as a priority for national economic growth.The aim of the tour, said Pandor, was to create project ambassadors in the government to spread the message of SKA’s ground-breaking work in the field of astro-science that aided South Africa’s reputation as a global scientific player, as well as to highlight the positive impact of the project on the people of Carnarvon.Min Pandor and Dep Minister during the visit to the SKA tdy, NCape pic.twitter.com/8DfnhprdcU— tommy makhode (@tommymakhode) July 16, 2016‘First Light’SKA’s chief scientist, Dr Fernando Camilo, unveiled the ‘First Light’ image during the ministers’ visit, beginning with some background about how radio wave technology worked and how it was evolving as SKA itself advanced.Highlighting the differences between images taken with a conventional visual telescope – one in Chile – and a smaller radio telescope array in the United States, Camilo said the image captured by the 16-unit array – a quarter of its prospective capacity – was much clearer and lot more detailed than anything captured before. It revealed over 1 300 galaxies in a tiny corner of the universe where only 70 were known before.A particular highlight of the image shows what is known as a Fanaroff-Riley Class 2 (FR2) object: a massive black hole in the distant universe. In the image, matter can be seen falling into the black hole and producing the bright dot at the centre. The FR2 object launches jets of powerful electrons moving at close to the speed of light, emitting radio waves that are then detected with the array. (Refer to the images in the above tweet)Camilo called the SKA array, as it is now, operating on a quarter of its potential, a “remarkable image machine”. These latest image developments were “beautiful and far better than we could have expected”. Once the full array of 64 MeerKATs was completed, the possibilities for uncovering clearer and more noteworthy cosmic events was a very exciting prospect.Global infrastructure for the worldEarlier today, @dstgovza Minister Naledi #Pandor commissioned 16 dishes of the 64-dish MeerKAT completed so far #SKA pic.twitter.com/sLr1XDv80P— SA Gov News (@SAgovnews) July 16, 2016In her keynote address, Pandor, a passionate advocate of SKA, noted “the dedicated work of hundreds of engineers, scientists, managers and other staff, and South African and international industrial partners, as well as the support of the government and people of South Africa for more than a decade”.The project would turn innovation and development activities into real economic benefits for the people of the area and reputation of the country. Africa’s role in the global science community was vital and very much assured, she said. “We are building a global infrastructure for the world.”What is SKA?The Square Kilometre Array South Africa is a radio telescope project made up of a series of receptor dishes called MeerKATs that collect sensitive radio wave frequencies from outer space, detecting objects millions, even billions of light years away from Earth. The SKA facility then processes the huge amounts of data gathered from these radio waves to formulate images of the objects – including the birth of stars and the forming of new galaxies.Scientists use the information and images gathered by SKA telescopes to better understand how the universe evolved and continues to change.South Africa hosts the bulk of the SKA project, with investments by the government and private research partners totalling more than R3-billion ($205m).#MeerKAT #SKA #FirstLight(Infographic courtesy SKA Africa @SKA_Africa) pic.twitter.com/gSzqwzpXXe— CD Anderson (@bizarrojerri) July 18, 2016Currently the South African SKA site has 16 fully-functioning MeerKAT dishes, with the full array of 64 receptors expected to be completed by the end of 2017. This will make it part of the world’s most powerful radio telescope system.Set to be completed by 2020, the entire SKA system of 3 000 dishes in locations around the world, including in Australia, South America and the UK, will give astronomy, physics and a host of other sciences an almost limitless amount of data with which to advance human understanding of the universe.The South African section of the project alone has more than 500 global scientific groupsin line to use the Northern Cape array for research and discovery work over the next five years, bringing in much science tourism revenue.“What this will do is bring to South African and world astronomers the most astonishing and profoundly powerful instrument ever used before in radio astronomy,” SKA South Africa Project director Rob Adam said at the visit on Saturday.SouthAfrica.info reporterWould you like to use this article in your publication or on your website?See: Using SouthAfrica.info materiallast_img read more

Why you’re not going to want to miss our IoT Revolution Symposium

first_imgInternet of Things Makes it Easier to Steal You… Why IoT Apps are Eating Device Interfaces Tags:#conference#Internet of Things#IoT#Nokia#ReadWrite#San Francisco Follow the Puck Maya Raocenter_img Small Business Cybersecurity Threats and How to… We here at ReadWrite are thrilled to announce the first-ever IoT Revolution Symposium, a half-day event that is designed to give executives in the technology space a crash course in all things Internet of Things — what’s happening in the industry right now, where we think the industry will go, and how to take advantage of this ever-growing market.“I’m excited that we get a chance to put an event like this together for the industry,” says ReadWrite chairman Redg Snodgrass. “We need more events that drive real business conversations and outcomes. ReadWrite will make this the premier event for IoT buyers and sellers to learn what’s going on.”The Symposium will feature top dealmaker VCs Quinn Li, vice president of Qualcomm Ventures, and Tim Chang, partner at Mayfield Fund, giving their insights into current IoT investing trends and what they’re looking for in pitches and projects — including what your next moves as corporate executives should be.Angels like Larry Marcus of Walden Venture Capital and Steve Schlenker of DN Capital will demystify much of the mystery surrounding the group, offering perspective on what’s happening, what’s hot, and how they’ll win the small bets against the vast R&D capabilities of traditional power players.Jay Nath, chief innovation officer for the City of San Francisco, and Gary Tu, CEO of Changhong North America, along with top industry analysts, will teach you how to filter the market’s noise and debate what’s really going on in IoT, providing you with ways and ideas to take advantage of the burgeoning IoT market.Filling a gap in the marketThe market has needed an event like this, an opportunity for a real discussion around IoT.“We were one of the drivers around ReadWrite stepping out to do this type of event,” says Jason Collins, VP of IoT Marketing at Nokia. “With so much haze in the market, it’s nice to have a place we can go and have real dialogue around the business of IoT with real players.”The event will be followed by an industry-wide happy hour, giving you the opportunity to mix and mingle with some of the top minds in the IoT space.Check out the entire agenda here. We hope to see you in San Francisco! Related Posts last_img read more

Throw It Back. It’s Too Small.

first_img Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Now This post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines of a smarter planet. I’ve been compensated to contribute to this program, but the opinions expressed in this post are my own and don’t necessarily represent IBM’s positions, strategies or opinions.Some prospects are just too small. They’re too small for you to create any real value, so you can’t make an enormous difference in their results. Since you can’t really create a lot of value for them, there isn’t a lot of value available for you to capture much. Even rolling up a bunch of these small prospects won’t allow you to reach your goals; you can’t make your number.When a prospect is too small for you to create any value, capture any value, and help you reach your sales goals, you have to throw them back.It’s nice that they spend in your category. It’s nice that they’re receptive.But it takes time to work a too-small prospect through their buying cycle and your sales process. Sometimes it takes even longer than it does to win a larger prospect. The time you spend working with too-small prospects is time you could spend with larger prospects. Time is the one commodity that, once spent, can’t be recovered.It can also take just as much effort to take care of a too-small client after you win their business. Just like any other client, they have questions, concerns, service issues, and new needs. Your effort is better spent on larger prospects where you can create greater value, where you can make a difference.There are two reasons you are working on these small clients. First, they’re often more receptive than larger prospects, so they’re easier to get in front of. Second, your pipeline isn’t full of real opportunities, and these too-small prospects demonstrate that you have activity. But they aren’t going to be enough.Go and look at the top 20% of producers on your sales leader board. Is their client portfolio made up of dozens and dozens of too-small clients? Or do the top 20% have the top 20% of your company’s client portfolio?It’s too small. Throw it back.QuestionsWhat is your company’s sweet spot? For what size clients can you create the most value?What size client is too small? Why can’t you create any real value for them?Does it take too long to win small clients? Or can you help them without spending any real time or effort?What would your results look like if you moved your average deal size up by 25%?last_img read more

Rockets start fast, turn back Clippers for 14th straight

first_imgHouston Rockets guard James Harden celebrates after hitting a 3-point shot during the first half of the team’s NBA basketball game against the Los Angeles Clippers, Wednesday, Feb. 28, 2018, in Los Angeles. (AP Photo/Mark J. Terrill)LOS ANGELES — James Harden scored 17 of his 25 points in Houston’s dominant first quarter, and the Rockets rolled past the Los Angeles Clippers 105-92 on Wednesday night for their 14th consecutive victory.The Rockets (48-13) matched their longest winning streak of the season and remained a half-game ahead of Golden State for the NBA’s best record.ADVERTISEMENT UP NEXTRockets: Return home on Saturday to play Boston.Clippers: Remain at home to meet New York on Friday. Clint Capela and Eric Gordon each scored 22 points for the Rockets, who made 13 3-pointers.Tobias Harris led the Clippers with 24 points, with Montrezl Harrell added 22. Lou Williams and Milos Teodosic each scored 13.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe Clippers played the previous night in Denver and looked it.They missed 16 of their first 19 shots, had 11 turnovers and trailed by as many as 27 points in the first quarter. Harden faked Wesley Johnson so badly on one move that Johnson fell to the floor. Harden stared at him as Johnson got back up, then sunk a 3-pointer for a 31-7 lead. In lieu of White House visit, Warriors take kids to museum Don’t miss out on the latest news and information. LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Typhoon Kammuri accelerates, gains strength en route to PH Brace for potentially devastating typhoon approaching PH – NDRRMC Google honors food scientist, banana ketchup inventor and war hero Maria Orosa Read Next John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding View comments MOST READ AFP official booed out of forum LATEST STORIES Families in US enclave in north Mexico hold sad Thanksgiving Police teams find crossbows, bows in HK university PLAY LIST 01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Pussycat Dolls set for reunion tour after 10-year hiatus The Clippers shot 22.7 percent (5 of 22) for the period and trailed 34-12 at the end of the quarter.The Clippers overcame a 19-point deficit to win in Denver on Tuesday, but never got closer than eight against the Rockets.TIP-INSRockets: Gordon returned after missing four games, one to a sore knee and the last three due to an illness. . Rockets coach Mike D’Antoni, on any spillover of hard feelings from the chippy Jan. 15 meeting with the Clippers, when several Rockets tried to enter the Clippers’ locker room from a back corridor that resulted in two-game suspensions for Trevor Ariza and Gerald Green: “That doesn’t play any part in it. They’re all grown men. They know better.”Clippers: Coach Doc Rivers made light of the previous meeting, saying: “We’ve kind of barricaded all the secret passageways. . We’re going to build a wall. And I’m not paying for it, Houston is going to pay for it.” . F Danilo Gallinari missed his third consecutive game with a bruised right hand. . G C.J. Williams was called up from the G-League. He last played with the Clippers on Jan. 10. Tyrone Wallace went back down.ADVERTISEMENTlast_img read more

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