More workers now paid by mobile: FNB

first_imgReducing 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.last_img read more

It Was a Turbulent Couple of Years But Startups in Q4 ’09 Prospered

first_imgA Web Developer’s New Best Friend is the AI Wai… While 2009 continued a downward trend as one of the worst recessions in U.S. history, the decline for venture-backed mergers and acquisitions has not been as severe as the dot-com bust in 2001 and 2002.New figures from the National Venture Capital Association show that in the last quarter of 2009, M&A hit $7.8 billion, up from the previous year’s mark of just over $2 billion. Overall, 2009’s total of $12.6 billion could not match 2008’s $13.6 billion total.Mergers and acquisitions totaled over $68 billion in 2000, only to fall below $8 billion by 2002 following the bursting of the dot-com bubble. In contrast, 2007’s M&A total of $29 billion has declined to just over $12 billion in 2009 – a much more smooth rate of decay which has begun to flatten out. Mark Heesen, president of the NVCA, says they expect to see continued improvement throughout 2010. “Clearly, we have a long way to go towards a full recovery but we are encouraged by the increasing acquisition values and the number of companies that have filed a registration with the SEC to go public,” he says. Related Posts A late boost in the fourth quarter of 2009 has helped startups from reliving the experiences from earlier in the decade, the largest of which came from Amazon‘s July purchase of Internet shoe seller Zappos for $930 million. This acquisition helped internet specific purchases climb to $2.2 billion in Q4 2009 – a near seven-fold increase from 2008’s final quarter. Tags:#start#startups chris cameron 8 Best WordPress Hosting Solutions on the Market Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic…last_img read more

Rival fans cheer as brilliant Lionel Messi scores 3 for Barcelona

first_imgPrivate companies step in to help SEA Games hosting No, the game wasn’t at Camp Nou. It was the Benito Villamarin Stadium in Seville that resounded with “Messi! Messi! Messi!”It may end up as simply another superb performance by Messi, among so many in his trophy-laden career. But this game will be remembered by the 54,000 mostly Betis spectators who turned up on Sunday to back their team, only to end up honoring the man who helped deal it a hefty defeat.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsMessi said he had never received such a tribute from opposing fans.“No, I can’t remember that happening before. I am grateful, we are always treated well when he play here,” Messi said after his 45th hat trick for Barcelona, and six for Argentina. “I was fortunate enough to get the goals and we took the three points because we had a great chance to increase the distance with Atletico that we couldn’t let get away.”Barcelona’s victory let it open up a commanding 10-point lead of the Spanish league.To round off the memorable night, Messi added another milestone to his list by surpassing Xavi Hernandez with a club record 477th win.Messi struck with a powerful free kick in the 17th minute. He added a second goal just before halftime from a pass by Luis Suarez, who scored a fine goal of his own midway through the second half.But Messi saved his best for late after substitute Loren Moron had pulled one back for the hosts. In the 85th, Barcelona’s all-time leading scorer used one touch of his left boot to float the ball from the left side of the box over goalkeeper Pau Lopez. His shot grazed the underside of the bar before going in, triggering the outburst of praise from Betis fans.ADVERTISEMENT Miguel Romero Polo: Bamboo technology like no other Don’t miss out on the latest news and information. Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH 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 City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss SEA Games hosting troubles anger Duterte View comments Trump tells impeachment jokes at annual turkey pardon event Google Philippines names new country directorcenter_img Colombia protesters vow new strike after talks hit snag MOST READ Bloomberg: US would benefit from more, not fewer, immigrants Wintry storm delivers US travel woes before Thanksgiving LATEST STORIES Barcelona’s last league loss was 4-3 at home to Betis in November. It is now undefeated in 16 rounds and is on course to successfully defend its league title after taking full advantage of second-placed Atletico Madrid’s 2-0 defeat at Athletic Bilbao on Saturday.Ernesto Valverde’s team has also reached the final of the Copa del Rey— a competition it has won four years in a row— and will face Manchester United in the quarterfinals of the Champions League next month.There are 10 rounds remaining, but with Messi and his teammates playing at this level and with such a large cushion of points, only a complete collapse could deny Barcelona a 26th league title and its eighth in 11 years.“It depends on us and staying aware that nothing is decided yet,” Messi said. “Worse things have happened. There are still lots of points in play and we have to keep playing like this.”MESSI MAGICMessi’s first goal was the product of a foul by Andres Guardado on Arthur that gifted the Argentina forward a free kick perfect for his preferred left foot — just slightly outside the semi-circle atop the area.Sports Related Videospowered by AdSparcRead Next Giannis Antetokounmpo becomes record 11th 50-point scorer of season Barcelona’s Messi, second left, celebrates after scoring with teammate Aleix Vidal, left, and Suarez during La Liga soccer match between Betis and Barcelona at the Benito Villamarin stadium in Seville, Spain, Sunday, March 17, 2019. (AP Photo/Miguel Morenatti)BARCELONA, Spain — After Lionel Messi scored a wonderful third goal to complete his 51st career hat trick, Real Betis supporters did what only true fans can do when in the presence of genuine soccer genius.They stood up, applauded Messi and joined with Barcelona fans in chanting out his name.ADVERTISEMENTlast_img read more

Committee to Examine Feasibility of Unemployment Insurance

first_imgA Steering Committee has been established to examine the feasibility of introducing unemployment insurance.The Committee has been formed following the positive outcomes achieved at a major joint labour market forum, hosted by the Ministry of Labour and Social Security, in partnership with the Planning Institute of Jamaica (PIOJ).Minister of Labour and Social Security, Hon. Derrick Kellier, made the announcement in his contribution to the 2013/14 Sectoral Debate in the House of Representatives, on Tuesday, June 4.The Committee was one of the expected outcomes of the forum, which involved international and regional specialists, who focused on the primary objectives of: sensitising stakeholders on how to operate an unemployment insurance scheme; generating discussion on the way forward and getting consensus on an alternative to redundancy payments; and offering recommendations on the development of a model for the unemployment insurance scheme for Jamaica.“In recent times, the financial crisis and the attendant rise in layoffs and redundancies have brought attention to one benefit that is not currently offered. Unemployment Insurance has become an even more important topic for discussion, due to the economic challenges facing businesses, both locally and internationally,” Mr. Kellier stated.When he addressed the two-day labour market forum at the Jamaica Conference Centre in early December last year, Mr. Kellier pointed out that the only legal provision in Jamaica for workers who are separated from employment, is the Employment Termination and Redundancy Payments Act, which governs matters of termination and dismissal, and makes provisions for redundancy and lay-offs.He noted however, that the provisions under this Act do not provide the social protection that should be associated with redundancy payments.Contact: Alphea Saunderslast_img read more

Chinese tourist 54 declared dead after bus crash in eastern Ontario

first_imgPRESCOTT, Ont. – A Chinese tourist, who was among 24 people injured when a bus drove off the highway in eastern Ontario on Monday, has died, provincial police said.The 54-year-old man was pronounced dead in hospital, officers said Tuesday morning. Four other passengers are still in critical, life-threatening condition in hospital.The tour bus carrying 37 people — the driver, a guide and 35 Chinese tourists — was between the communities of Brockville and Prescott when it went off Highway 401 and hit a rock formation by the side of the road.OPP are still investigating what led to the crash, Const. Suzanne Runciman said.“It’s going to take some time to investigate,” Runciman added. “There’s lots of witnesses to talk to and … there’s mechanical things they need to took into so it’s going to take some time before we can tell you the cause.”Officials from the Chinese embassy in Ottawa, about 100 km north of the crash site, have visited injured passengers in hospital and have been in touch with their families, spokesperson Yang Yundong said in a written statement.Chinese diplomats in Canada have “made clear that the travel agency involved should shoulder its responsibility and properly take care of such matters as medical treatment and compensation for the Chinese tourists,” Chinese Foreign Ministry spokesperson Hua Chunying told a press conference Tuesday, a transcript of which was posted to the embassy’s website.“The Foreign Ministry and our diplomatic missions in Canada will continue to follow the development of the accident and work with relevant departments to make proper followup arrangements,” Chunying added.A manager at the Massachusetts-based Union Tour Express company said Monday he was aware one of their buses was involved in the collision but could not provide any further information about the incident.Ontario Provincial Police will not release the name of the deceased passenger until his family has been notified, though the man’s loved ones can also request not to have his identity made public, Runciman said.last_img read more

Ontario minister exchanges words with federal minister over asylum seekers

first_imgWINNIPEG – Ontario’s minister responsible for immigration has demanded an apology from federal Immigration Minister Ahmed Hussen for saying the province is promoting fear about asylum seekers.“Maybe the minister should sit down and have a nice cup of tea, calm down a little bit and maybe phone me and apologize for calling me unCanadian,” Lisa MacLeod said Friday.Federal, provincial and territorial ministers were meeting in Winnipeg to discuss immigration issues when Hussen was asked about Ontario Premier Doug Ford demanding that federal government pay millions to provide supports for asylum seekers.Ford has said the federal government is ushering people across the border and asylum seekers, whom he calls “illegal border crossers,” have caused a housing crisis in Ontario.Hussen said the new premier’s messaging is irresponsible.“It’s divisive. It’s fear-mongering and it’s not Canadian. It’s very dangerous,” Hussen said.“Ontario sadly has chosen the language of fear. They’ve chosen to intentionally use language that could potentially criminalize asylum seekers in the minds of Canadians.”He added that housing issues are a shared responsibility and it’s unfortunate “Ontario has chosen to step away from the table.”MacLeod said she thought the minister was acting mean-spirited towards her personally.“His answer was directed at me to try and intimidate me,” she said. “And I will not be intimidated.”Earlier in the day, MacLeod walked out of the meeting after a testy exchange with the minister. She did not sign onto the meeting’s communique.Jeremy Harrison, Saskatchewan’s minister responsible for immigration, also refused to sign. In a statement, Harrison said the government of Saskatchewan expects Ottawa to handle the bill for asylum seekers.Ontario would still like to work in partnership with the federal government, MacLeod said, but she said the province’s concerns aren’t being heard.Toronto is facing $90 million in social assistance costs and $75 million in shelter costs related to asylum seekers, MacLeod said. Ottawa has promised $11 million to help.Conservative immigration critic Michelle Rempel accused Hussen of denigrating rhetoric and name-calling. The federal Conservatives have called for an emergency meeting of the citizenship and immigration committee.last_img read more

Get On Board And Go Vegan With Russell Simmons

first_imgTemperatures in the U.S. are at record lows, but that didn’t stop PETA’s “Lettuce Ladies” from dressing only in strategically placed lettuce leaves this week to kick off Russell Simmons’ new PETA campaign on The Tide, the light-rail system in Norfolk, Va.Russell Simmons PETA AdThe ads – which are also on display on Metro buses in Washington, D.C. – encourage anyone who is tempted to get healthy, help animals, or “go green” in 2014 to “get on board — go vegan!”PETA and Russell Simmons are setting out to counter the fast-food industry’s constant marketing to urban areas. “I grew up in Hollis, Queens and always make it my job to never forget where I came from,” Simmons says. “I am particularly saddened that in poor urban communities the cheapest, most accessible food is fast food, which is also the most likely to increase the risk of developing various diseases and illnesses.” Fortunately, delicious and affordable vegetarian meals such as veggie burgers are available everywhere, from supermarkets to chains such as Denny’s and Burger King.On average, vegans and vegetarians are significantly leaner than meat-eaters are, and the consumption of meat and other animal-derived products has been conclusively linked to heart disease, strokes, diabetes, cancer, and obesity. Vegan meals are also an excellent choice for people who get digestive problems from cow’s milk, a condition affecting 70 percent of African-Americans.For more information, visit read more

FA confident over Gareth Southgates future

first_imgThe Football Association are reportedly confident that Gareth Southgate will not leave the England post to take charge of Manchester United, according to SportsMole.The Red Devils are currently under the management of Ole Gunnar Solskjaer and the Norwegian currently has a perfect record since replacing Jose Mourinho as manager last month.United are expected to appoint a permanent manager at the end of the season, however, and Southgate has been rumored as a possible candidate.The former England U21 international, who guided the Three Lions to the semi-finals of the 2018 World Cup in Russia, has a contract with the FA until the summer of 2022.Harry Maguire, Manchester UnitedSolskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.Reports in the English press suggests, ‘senior FA insiders’ are not concerned by the United rumors, with a host of them believing that Southgate would not turn his back on the national team.The former defender’s only previous managerial experience as a club manager came with Middlesbrough between 2006 and 2009.last_img read more