So, how’s that EMV (Europay, MasterCard, Visa) rollout going? The answer probably depends on who you ask.The holiday shopping season never brought the point-of-sale meltdown some feared. When asked to grade the rollout, payments practitioners at banks, card networks, and independent sales organizations usually answer with either a “B” or a more guarded “incomplete.”Slowly but surely, consumers are using EMV cards, but their point-of-sale experiences haven’t been uniform. And with well more than half of card transactions still being processed via legacy magnetic stripe, this transition may continue for some time.Some consumers grumble about EMV transactions taking too long. Of course, few consumers know the term “EMV.” Instead they refer to chip card transactions and perhaps the dip versus swipe process.On one level, this complaint has a factual basis. A tokenized EMV transaction involves the transmission of larger packets of encrypted data, as well as a greater number of round trips between terminal and card network. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
continue reading » “We’re a service organization, not a sales culture.” I’ve heard those words from a number of credit unions. Too bad they’re wrong.Ahh!! Put down the pitchforks and torches! Please, at least for a moment! Those credit unions were incorrect about one half of their statement. Of course they should remain a service organization. That’s what makes a credit union, well, a credit union. But no sales culture? Everything is sales. What you eat for breakfast is sales, if you choose to read my posts is sales…every decision is sales at its core. What many credit unions have in mind when they hear “sales” is the aggressive “used car salesman”. I’m in sales, and they’re a horrible representation of it. I’m also professionally trained in a sales system which insists upon clarity and respect for all parties. As my sales coach used to say, “sales is a noble profession”. We don’t look at a bad driver and say, “drivers are all terrible”. Except here in Florida, where they are. Besides that, generalizations distort the truth.Your credit union can deliver world-class service while being a sales culture. In fact, the latter supports the former! An MSR truly connecting with members learns about them. Their goals, their needs, their worries. This considerate MSR can suggest Payment Protection Insurance on a loan to someone who is worried about their family being burdened by a loan if they can’t work. Sure, they’re selling a product, and the credit union is making money (as should the MSR), but the member feels better served and more secure. They’ll remember how your credit union helped, especially if they need to take advantage of the policy. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
This is placeholder text continue reading » This post is currently collecting data… ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr These days, consumers have more choices than ever before when it comes to financial service providers. That’s why a successful digital strategy is critical if you want to rise above the competition during this pandemic.By helping consumers recognize the benefits of choosing your organization, you can encourage them to register for your services. However, credit unions find themselves scrambling when setting up new systems to replace outdated forms of payment. Too many businesses have been operating in the past and are suffering because of it.While banks and large financial institutions already have many digital tools at their disposal, credit unions are lagging. As a result, they are losing out to larger financial organizations, even when offering better value for members. Many potential members are not even aware that credit unions provide many of the same services as banks. Providers of card services for credit unions now offer options, such as online and mobile payments. Upgrading your payment system during this critical time should be top-of-mind.
French pension fund Agirc-Arrco has awarded Russell Investments a mandate to restructure one of its euro-zone equity portfolios.The scheme enlisted Russell’s help to shift the portfolio to a number of euro-zone SRI equity funds.It is not the first time the French scheme has awarded the asset manager a transition mandate.Philippe Goubeault, financial director at Agirc-Arrco, said: “In 2012, [we] had already used [Russell] as a transition manager to restructure part of our euro-zone equity investments. It seemed useful to extend this first experiment.” Dominique Dorlipo, chairman at Russell Investments France, said: “For the 2012 operation, we were asked for a partial or total liquidation of assets, so we only focused on best execution for a list of securities for sale. This operation was different, as it required us to act as a responsible asset manager of the assets, with a special approval from the AMF.”In 2013, Agirc-Arrco shifted approximately €230m out of a CCR AM fund, distributing €150m to a number of SRI funds and investing the remaining €80m in an actively managed EDRAM equity fund.“Using a transition manager is worth the effort in a low-yield environment, where every basis point helps improve final performance and thus protect pensions,” Dorlipo said. “Two different euro-zone equity portfolios are likely to have 20-40% of their assets in the same stocks. For European equities, an institutional investor could typically pay a transaction cost of 12-20 basis points or more.”Such costs are avoided when a transition manager orchestrates securities transfers between old and new managers without selling and buying them back, he said.
Eddy Pump Corporation has introduced their newest lines of pumps and dredge equipment incorporating Smart Pump technology into the company’s line of slurry and dredge pumps.This technology includes the smart capability of monitoring all critical functions and variables in any pump or dredging application.The sensors are used to virtually eliminate downtime caused by operator error or equipment malfunction through the use of visual and audible alarms and auto shutoff features.According to the company, Eddy Smart Pump Technology will be optionally equipped with the ability to enable connections through Bluetooth, WiFi, 4G, and satellite.The smart pump controller can be used as a simple pump controller or can be easily connected to larger systems such as a submersible dredge or surface dredge, enabling easy integration of all capabilities and sensors into more complex systems.Combined with the Eddy Pump Excavator Pump Attachment, dredging in hard to reach wetlands or swamps can be accomplished much more efficiently.Auger Dredges are also one of the newest dredging options offered by Eddy Pump, incorporating an archimedean type screw which is set at 90-degree angles to the suction pipe of a dredge.More Info
Deep Driller 8 (Image source: Keppel. The image has been cropped)India’s ONGC has reportedly hired the Deep Driller 8 jack-up drilling rig from its compatriot offshore drilling contractor Aban Offshore on a two-year deal.According to data from VesselsValue, the contract will start on January 1, 2019, and end on December 31, 2020.The Deep Driller 8 is a jack-up drilling rig capable of operating in water depths of up to 350ft, and a maximum drilling depth of up to 35,000 ft.The rig was designed and built by Keppel in Singapore in 2008.VesselsValue shows the rig was last on a contract with Hindustan Oil Exploration Co, on a two-month term between March 25, and May 25 2018.
In mid-April, Fred. Olsen Windcarrier secured a contract by Denmark’s Geo to supply a vessel for the geotechnical work. The purpose of the assignment is to acquire geotechnical and geological data about the subsurface to be used as a basis for developers to assess the soil conditions for the project. Fred. Olsen Windcarrier’s jack-up vessel Jill has left the Port of Esbjerg to begin the preliminary geotechnical investigations for the Thor offshore wind project in the Danish North Sea. Project commissioning is expected between 2024 and 2027. Thor will have a capacity of up to 1,000 MW and will feature turbines with an individual capacity of between 13 MW and 15 MW located west of Thorsminde by Nissum Fjord some 20km from the shore.
The 7th grade Bulldogs played East Central and lost 28 – 8.Batesville scored its lone touchdown on a 64 yard pass from RJ Powell to Pros Moorman. Powell converted the 2 point conversion on a quarterback sneak. The defense was led by Jeremiah Lemmel, Kristian Hinners, Kody Hooten and Logan Adams.Courtesy of Bulldogs Coach Tony Gausman.
Indianapolis, In. — House Bill 1005 proposed by Republican Cindy Zeimke from Batesville would force townships with a population of 1,200 or less to merge. If approved by lawmakers the merger of about 300 townships in the state would occur over a five year period.Zeimke tells WRBI News, “I am all about the best performance of every unit of government to benefit the taxpayer.”Currently Indiana has 1,005 townships that provide emergency and some support services to residents. For townships that have experienced population declines, budgets and maintaining services are an ongoing concern.Zeimke has met with leaders from the Indiana Township Association in order to find operational efficiencies.The expected savings come from eliminating advisory board members that require liability insurance policies, facilities costs, utilities and labor.Long-time Decatur County trustee from Clay Township and volunteer firefighter David Israel says he has concerns about the proposal moving forward. H wants to know how differing tax rates between merging townships would be handled, firefighter training, coverage and response times would change.