Reducing time and costs Since its launch in July 2010, First National Bank’s corporate clients have used Pay Wallet to send over R42-million directly to the mobile phones of more than 19 000 South Africans, with the service now growing at an average monthly rate of 35%. Pay Wallet reduces the time and costs associated with handling cash, or issuing cheques to pay employee wages. It can also be used as a replacement for petty cash, by simply paying funds into a card linked to the company, instead of an individual. Pay Wallet is an extension of FNB’s eWallet, which allows FNB customers to send money in real time to anyone with a cellphone. It enables FNB Corporate, Commercial and Public Sector clients to electronically pay their employees directly to their mobiles or into a debit card. Innovative and simple banking Bridging the banking gap “FNB will continue to work towards developing and introducing further access to banking which are both innovative and simple,” said Van Wyk. “We hope that this will see the needs of the unbanked being met together with a heightened awareness of what is available to them.” “Mobile money transfer is currently the flavour of the moment and mobile wallets meet a desperate need to keep one’s money safe,” says Arthur Goldstuck, MD of internet research firm World Wide Worx. “It is likely that mobile wallet-type applications will serve as a way of ensuring your cash is secure as it is a natural partner service to cellphone banking.” In its research, Finscope shows that of South African adults that have never been formally banked, 89% are black, 7% coloured, 3% white, and 1% Indian. Research done by Finscope in 2010 states that 12.4-million adults in South Africa still remain unbanked, and that of these, 11.1-million adults have never been exposed to any type of formalised banking practices. FNB has also recently enabled companies to integrate their line-of-business systems with Pay Wallet, to pay employees via cards. This allows any company, regardless of who they bank with, to use Pay Wallet. Payments can be done on FNB Online Banking, individually or via an easy-to-use file upload system. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material “Pay Wallet has simplified the way payments are made to those without access to financial services and has been critical in introducing the unbanked to formalised ways of handling their funds.” 18 August 2011 “Products such as FNB Pay Wallet are allowing us to bridge the gap between the banked and the unbanked and address the real need for access to financial services,” FNB eWallet Solutions CEO Yolande van Wyk said in a statement last week. “This also allows for the transfer of cash to be done safely and easily.” Twenty-two percent of adults in KwaZulu-Natal have never been banked, giving the province the highest number of unbanked adults in the country. Gauteng and Eastern Cape both sit at 15%, followed by Limpopo at 14%, Mpumalanga with 11%, the Free State, Northwest and Western Cape with 7%, and the Northern Cape with 3%. The objective was to make it easier for employers from all industries to make payments to their staff, said Van Wyk. “This solution is ideal for seasonal or contract employees, once-off employees, temporary labour to small businesses and other informal establishments such as spaza shops,” she said. The recipients are then able to access their money immediately at any full-service FNB ATM, with or without a bank card.
Share Facebook Twitter Google + LinkedIn Pinterest Citi Bank indicated that the Chinese economic slowdown will likely continue to burden world markets, which could eventually leading to a global recession. They lowered their world growth forecast from 2.4% to 1.6%. This might mean that crude oil prices will not likely rally, which would keep ethanol and corn prices in check.At a recent conference, the USDA’s chief economist echoed the bank’s statements and pointed out the world’s oversupply of grain. He went on to estimate corn acres will increase by 2 million acres (near market expectations), with prices continuing to trade around $3.45. One positive note, 2016 soybean acre projections weren’t increased and cash prices are expected to be around $8.50.Farmers constantly ask what I think prices will do. Until we see what the weather is like, I expect corn prices to stay about the same level they are today. There is too much old crop sitting in bins and farmers are delivering on “price-later” contracts, which means many end users aren’t hungry for grain. Most of these farmers are waiting for a rally to price grain, and set their price, which is limiting the potential for a rally.Beans are nearing a technical point that indicates a potential move up or down. Unfortunately, nobody agrees on which way it will move. There is nothing fundamentally bullish about bean prices, but that doesn’t mean it has to break lower either.Funds have a big short position on in corn and beans. If they would start to buy, maybe we see a rally, but it could be limited as so much grain still needs to be priced. Have you written out your marketing plan for 2016? You won’t have time once planting starts, so now that taxes are over, take a little time to write something down. Months from now you’ll be glad you did.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at [email protected]
Passive House Institute U.S. has announced that its 8th annual North American Passive House Conference will take place in Pittsburgh, Pennsylvania, Oct. 15-19, 2013, at the Omni William Penn Hotel.The cost of registration before July 31 is $400 ($495 for non Passive House Alliance members). After that, rates go to $495 and $575 respectively.PHIUS says it will offer two days of technical workshops before the main conference begins. Topics include hygrothermal building science fundamentals, passive modeling, applying Passivhaus to commercial structures, and multifamily projects.The conference schedule, including the presentation roster, is still being developed. Details, along with registration information and other program details, will be posted at the PHIUS conference site.
What it Takes to Build a Highly Secure FinTech … Related Posts fredric paul Why IoT Apps are Eating Device Interfaces Role of Mobile App Analytics In-App Engagement Tags:#BlackBerry#RIM#smartphones What are you doing on January 30, 2013? I’m guessing you’re not waiting in line to get the first BlackBerry 10 smartphones.Research In Motion revealed the launch event date on Monday. Other than that, the company offered few specifics, saying only: “The event will happen simultaneously in multiple countries around the world, where details of the smartphones and their availability will be announced.”I can’t wait.No. Literally, I can’t wait.The Mobile World Has Already Moved OnAnd neither can anybody else. In fact, very few people have been willing to wait for the BlackBerry 10 mobile operating system. Instead they’ve been busy snapping up Apple iOS and Google Android devices as fast as they can. The preternaturally patient ones hung out for Windows Phone 8, and even they don’t have to wait any more.If BlackBerry 10 had been released on January 30, 2012, it still might have been too late. But by 2013, RIM’s window of opportunity seems slammed shut.It’s not that BlackBerry 10 will be worthless. Indications are that the new operating system has a number of interesting features (more on that later). It’s more that it no longer matters how good it is unless it’s massively better than what’s already out there.Just as good isn’t good enough. Heck, even quite-a-bit-better probably isn’t good enough. Don’t believe me? Ask the folks who worked on Palm’s webOS.Sure, big companies deeply invested in the BlackBerry ecosystem may hang around another generation or two. But most of them are already looking for a way out. I just heard of a big company I used to work with that’s replacing users’ BlackBerrys with the iPhone 4. Yup, not the 5 or even the 4S, the freakin’ 4. A two-generations-out-of-date iPhone was enough to keep them from waiting for BlackBerry 10.BlackBerry Isn’t Worthless, Just DoomedAll this doesn’t mean that there’s no value in BlackBerry 10, especially for enterprises. As ReadWrite’s Dan Rowinksi pointed out in September (Showing Off BlackBerry 10, RIM Aims To Both Fit In & Stand Out), new features includeBlackBerry Hub: an always-on inbox that stores emails, texts, calendar, events and BlackBerry Messenger.BlackBerry Balance: which customizes the user experience between personal and work interfaces.Predictive Text: which the company hopes will revolutionize typing on mobile devices.Active Frames: small, developer-customizable widgets that live on the device’s home screen – a cross between Android Widgets and Windows Phone 8 Live Tiles.Will all that be enough to RIM relevant again? Back in June, Research In Motion was ReadWrite’s first ever DeathWatch. Nothing that’s happened since has done anything to commute BlackBerry’s sentence. And nothing that happens on January 30th is likely to help either. One more thing: Don’t get me wrong, I’ve got nothing against BlackBerry. I was a user for years, and really liked my Curve – until those fancy iPhones and Androids made me envious. Back in April, I wrote A Requiem For RIM lauding some of the things that I loved about the BlackBerry. I still have a soft spot in my heart for the company and hope we are all wrong about its future. Image courtesy of Shutterstock. The Rise and Rise of Mobile Payment Technology
Georgia-Bama Pre-GameAlabama and Georgia are less than a half hour away from kick-off, and emotions are already running high in Athens. According to media members on the scene, Georgia and Alabama players engaged in some taunting pre-game, with Bulldog players meeting the Crimson Tide as the team took the field. Oh my, Georgia players rushing to the sideline to get in faces of Bama players as they come on the field. Refs had some work separating them— Pat Forde (@YahooForde) October 3, 2015Looked like a good bit of chest-bumping between Alabama and Georgia players when UA came out of the tunnel onto the field— Tommy Deas (@tommydeas) October 3, 2015Alabama player jumped up/down coming out of tunnel in corner of UGA endzone, Georgia players responded with own jumping. But no brawl— Jeff Schultz (@JeffSchultzAJC) October 3, 2015AL.com’s Michael Casagrande has video of the mini-altercation.Almost got ugly pre game. Alabama and Georgia players barking. Refs separate them. pic.twitter.com/0rzui88i5O— Michael Casagrande (@ByCasagrande) October 3, 2015This game is shaping up to be an intense one.
OTTAWA – Canadian home sales in October ticked higher compared with September, the third consecutive monthly increase.The Canadian Real Estate Association said Wednesday the number of homes sold through its MLS system in October was up 0.9 per cent from the previous month, led by the Toronto region and the Fraser Valley in B.C.TD Bank senior economist Michael Dolega said the report corroborates the notion that the Canadian housing market continues to manoeuvre a soft landing.“Markets in Ontario remain vulnerable given affordability issues and lingering uncertainty regarding policies, but it would appear that the worst is behind the province, with some stability likely in store in the near- to medium-term,” Dolega wrote in a note to clients.The increase in sales came as the number of newly listed homes slipped 0.8 per cent in October following a jump of more than five per cent in September.The national sales-to-new listings ratio rose to 56.7 per cent in October from 55.7 per cent in September. CREA said a national sales-to-new listings ratio of between 40 per cent and 60 per cent is generally consistent with a balanced market.Compared with a year ago, the number of homes sold in October fell 4.3 per cent.The national average price for a home sold in October was $505,937, up five per cent from a year ago. Excluding Greater Vancouver and Greater Toronto, the average price was just over $383,000.Meanwhile, the Teranet–National Bank composite house price index in October fell 1.0 per cent compared with September, the second consecutive monthly decline and the largest since September 2010.The composite index for October was up 10.0 per cent from a year ago, the smallest 12-month rise since June 2016.Home sales in Canada hit a fevered pitch in the spring of 2017 before the Ontario government moved to cool the market in and around Toronto with the introduction of measures including a tax on foreign buyers like the one put in place last year in Vancouver.The market has also seen two rate increases by the Bank of Canada that have prompted an increase in the prime lending rates at the country’s big banks, with stricter lending rules set to come into place next year.In a report Wednesday, DBRS said mortgage borrowers in Canada could be shocked at their five-year renewal to find their mortgage payments are going up as rates begin to rise.“Over the last three decades, Canadian households have generally benefited from lower rates and have not had to adjust their spending patterns to cope with higher mortgages rates,” the debt rating agency said.CIBC deputy chief economist Benjamin Tal said the combination of higher interest rates and regulatory changes will work to reduce purchasing power, but the impact will probably be short-lived.“The level of activity is likely to stabilize and perhaps soften in the coming quarters as markets adjust to recent and upcoming regulatory changes,” Tal wrote in a report.“But when the fog clears it will become evident that the long-term trajectory of the market will show even tighter conditions. The supply issues facing centres such as Toronto and Vancouver will worsen and demand is routinely understated.”Tal said that without significant change in housing policies and preferences, there is nothing in the pipeline to alleviate the pressure.
TORONTO — The financial and industrial sectors helped boost Canada’s main stock index in late morning trading, while U.S. stock markets also traded higher.The S&P/TSX composite index was up 109.42 points at 15,053.51.In New York, the Dow Jones industrial average was up 195.07 points at 24,943.80. The S&P 500 index was up 10.73 at 2,692.90, while the Nasdaq composite was up 29.64 points at 7,112.34.The Canadian dollar traded down at 74.88 cents US compared with an average of 75.25 cents US on Tuesday.The January crude contract was down 70 cents at US$50.86 per barrel and the January natural gas contract was up 17.9 cents at US$4.47 per mmBTU.The December gold contract was down 70 cents at US$1,212.70 an ounce and the March copper contract was up 5.25 cents at US$2.78 a pound.The Canadian Press
TOKYO — A Japanese court says it has approved prosecutors’ request to keep Nissan’s former chairman Carlos Ghosn in detention for another 10 days.The Tokyo District Court said Sunday that the approval is for prosecutors to investigate further his third allegation of breach of trust for causing Nissan a loss of 1.8 billion yen in 2008.Sunday’s extension will keep Ghosn at the Tokyo detention house until New Year’s Day.Ghosn and another executive Greg Kelly were arrested Nov. 19 and charged with underreporting Ghosn’s income for 2011-2015.The fresh allegations were filed Friday, a day after a court rejected prosecutors’ request for a longer detention of Ghosn and Kelly.The Associated Press
DAWSON CREEK, B.C. — Premier John Horgan announced today that 51 schools across the province, including Frank Ross Elementary in Dawson Creek – will get new playgrounds in September as part of a new playground fund that will take fundraising pressure off of parents.Horgan said that the funding is part of a new, ongoing Playground Equipment Program that will provide up to $5 million each year to school districts to buy new or replacement playground equipment. This year, 26 schools are receiving $90,000 for a standard playground, and 25 schools are receiving $105,000 for a universally accessible playground. School Disitrct 59 will be getting $90,000 for the construction of the new playground.“All students deserve quality, safe and accessible playgrounds at school, regardless of how much their parents can fundraise,” said Horgan. “That’s why we’re lifting the burden off of parents by investing $5 million today, and every year moving forward, to build playgrounds where they are needed most.”The government said that generally, school parent advisory councils have to fundraise large sums of money for new and replacement playground equipment. The Ministry said that districts applied for the funding in April, with the new playgrounds being funded based on areas with the greatest need. Priority is given to schools where there is currently no playground, and then to schools where the existing playground is aging. Districts that did not receive funding this year will receive funding next year, if they apply for it.“I’ve heard from parents that they need relief from fundraising tens of thousands of dollars for playground equipment – that’s a lot of bake sales and bottle drives for today’s busy parents,” said Education Minister Rob Fleming. “Today, we’re delivering this fund to help parents, and provide access to communities that don’t have the fundraising capacity to buy the play equipment students need.”
CALGARY, A.B. – Hundreds of protesters chanting “Build that pipe now” jammed a downtown Calgary street for the second time in five days on Tuesday, this time to mark a speech by federal Finance Minister Bill Morneau.Organizer James Robson with the Canada Action Coalition says his group, which picketed a speech by Prime Minister Justin Trudeau last Thursday, plans to show up every time a federal cabinet minister does because it’s important Canadians see the “pain” caused by low oil prices blamed on insufficient pipeline access to markets.Inside, during a speech to the Calgary Chamber of Commerce, Morneau said Ottawa has shown its support of western Canadian energy workers by buying the Trans Mountain pipeline for $4.5 billion and continuing to try to get its expansion project built after a court overturned its regulatory approval in August. He conceded that the “industry is under threat” and said he is sympathetic to the “extreme anxiety” Albertans are feeling but added policies unveiled in his fiscal update last week will help encourage investment in the country.He dodged questions about whether the federal government will contribute to an Alberta plan to buy railcars to transport oil to market, noting he is willing to listen to short-term solutions but repeating that the Trans Mountain expansion is the best long-term answer.Robson said his organization wants the government to rethink its Bill C-69 to revamp the National Energy Board and Bill C-48 to ban oil tankers on the northern coast of British Columbia, noting both make building pipelines more difficult.