Tokenization and mobile payments could eliminate card reissue

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Imagine you lose your credit card while you are away on a business trip. Disastrous? Or worse, imagine you get the unwanted phone call or text alert from your issuer notifying you that your debit or credit card number has been compromised and that card has been shut down. What are you going to do? Today, you probably panic and start to make a lot of phone calls.  But, in the very near future, these situations may be a non-issue thanks to the way tokenization and mobile wallets work together to prevent fraud.Mobile wallets include Apple/Samsung/Android Pay, FI-branded wallets and PayPal and also include smart watches like the Apple Watch and the Samsung Gear.  In the future, mobile wallets will be integrated into your car and your clothes. Tokenization is the replacement of the PAN (the primary account number embossed on the card) with a number that looks like a different card number, but is only to be used with one specific device.  The card number is replaced with a unique token assigned to your Apple Watch, for example, and a different token for your iPhone. So if the actual card number is compromised in some way, authorizations on the card can be shutdown, while payment using the watch or phone can continue. If you lose your watch, that token can be shutdown, without affecting payment using your phone. continue reading »last_img read more

Champagne Cork

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Arsenal target Dayot Upamecano put off move due to Europa League final defeat

first_img Comment Arsenal target Dayot Upamecano put off move due to Europa League final defeat Metro Sport ReporterThursday 30 May 2019 3:04 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement Video Settings Unai Emery will have around £40m to spend in the summer (Getty Images)According to ESPN, Arsenal are keen on signing Upamecano, while RB Leipzig are aware of the Gunners’ interest.AdvertisementAdvertisementBut the report also claims that the 20-year-old will not look to push for a move to Arsenal due to the club being in the Europa League.Arsenal will also struggle to meet RB Leipzig’s asking price due to their restricted transfer budget.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityUpamecano reportedly has a €100m (£88m) release clause in his deal with RB Leipzig, which expires in 2021.The French defender was also close to joining Manchester United while he was playing for Valenciennes.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Dayot Upamecano is wanted by Arsenal (Getty Images)Arsenal are in the race to sign RB Leipzig centre-back Dayot Upamecano, according to reports.Unai Emery is keen to strengthen his defensive options in the summer transfer window but his budget has been restricted due to the team’s failure to secure Champions League football for next season.According to reports, Emery would have had around £100 million to spend if Arsenal qualified for next season’s Champions League but the 4-1 defeat to Chelsea in Baku on Wednesday evening means the Gunners will be in the Europa League next term.That means Emery’s budget will be around £40m, while several targets could be put off a move to Arsenal due to the lack of Champions League football.ADVERTISEMENTcenter_img About Connatix V67539 Full Screen PLAY 1 min. story Advertisementlast_img read more

GC deputy mayor finds buyer for investment property in electorate

first_imgGold Coast Deputy Mayor Donna Gates. (AAP Image/Dan Peled)GOLD Coast deputy mayor Donna Gates has found a buyer for the Pimpama investment property she held in her electorate.CoreLogic records show the property sold on April 13 with settlement five days later.A sale price was not made public by her agent Matt Gates – who’s also her son.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago40 Pimpama-Jacobs Well Road Pimpama, QLD. Source: Gates had bought the property in October 2009 for $395,000.The home has four bedrooms, two bathrooms and four car space, on a large 818sq m block.Mr Gates had marketed it as having strong development potential and described his mother as “committed seller will meet market”.Among the possibilities for the site was turning it into a unit or townhouse complex, with potential for 16 homes “at a maximum height of four to five storeys over the property”. 40 Pimpama-Jacobs Well Road Pimpama, QLD. Source: Gates represents the suburbs of Alberton, Cedar Creek, Upper Coomera, Gilberton, Jacobs Well, Kingsholme, Luscombe, Norwell, Ormeau, Ormeau Hills, Pimpama, Southern Moreton Bay Islands, Stapylton, Steiglitz, Willow Vale, Wongawallan, Woongoolba and Yatala.She was elected unopposed as Division 1 Councillor for the Gold Coast in 2016.last_img read more

The Ipswich home fit for a Queen

first_imgIt is one of the older homes in Ipswich.“It does attract a lot of attention, but we have had a lot of lookers come through just for the sake of looking,” he said. Despite its age, it had been kept in good condition with the current owners undergoing a major renovation including new bathrooms, laundry, kitchen, paintwork and solar panels. Balmoral is set to be auctioned on Saturday, February 24 at 1pm. The home has kept its historical charms.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoAt the time Mr Goleby was an alderman for the council, years before he became mayor in 1906.The Victorian influenced home has four bedrooms, two bathrooms and a five car lock up garage on a generous double block near the centre of Ipswich.Steeped in history, Mr Goleby named the home ‘Balmoral’ after the castle in Scotland. A certain regal charm.“He said ‘if that is good enough for Queen Victoria then it’s good enough for me’,” Mr Bird said. The home had only changed hands a handful of times over the subsequent decades, and since it had been listed it had created a lot of interest. center_img 2 Waghorn Street WoodendA HOME once owned by a former mayor of Ipswich is on the market, and its name has a certain regal quality.Called Balmoral, the historical home at 2 Waghorn Street is one of the oldest homes in Ipswich, although just when it was built is hard to determine. Raine and Horne Ipswich agent Richard Bird said there was some debate over when construction started, but it was known that former mayor Frederick Goleby moved in to the home in 1893.last_img read more

BlackRock sells UK DC platform business to Aegon

first_imgBlackRock has sold part of its UK defined contribution (DC) business to Aegon, deciding to focus on investment management over administration.The asset manager said it reached an agreement to sell its DC platform and administration business, which has £12bn (€15.3bn) in assets under management, to Aegon, boosting Aegon’s DC platform to £30bn.Paul Bucksey, head of DC at BlackRock, will become managing director of the new combined workplace business, while BlackRock will remain focused on its DC investment management capabilities, where it is responsible for £65bn, according to a statement by the company.David Blumer, head of BlackRock EMEA, said the changes to the UK pensions landscape over the past five years – such as the end of mandatory annuitisation and the resulting focus on drawdown products – had led to its decision to sell part of its business. “BlackRock believes Aegon’s broad retail product and digital capabilities will best serve the increased demand from employers for holistic retirement solutions in the future,” Blumer said.“[It is a] perfect partner to deliver on our DC platform and administration clients’ growing needs.”Blumer said BlackRock would continue to work with other clients in the occupational pensions space and on investment products for providers including master trusts.Both BlackRock and Aegon declined to disclose the sales price, but the former said in a statement the financial impact of the deal was “not material”.Alongside Bucksey’s move to head the combined business, BlackRock said its DC platform staff would be retained by Aegon, providing “stability and ongoing continuity” for the affected pension trustees.Adrian Grace, chief executive at Aegon UK, said the company’s strength made it a “compelling” partner.“With employers demanding additional solutions to meet employees’ needs to and through retirement, workplace savings are no longer just about traditional DC pensions,” he said.last_img read more

Funding steadies at large Dutch schemes, yet rights cuts still loom

first_imgThe civil service scheme said all asset classes had contributed positively to its quarterly return of 3.9%, which took the year-to-date return to 6.2%.Commodities, its strongest-performing asset class, produced a 14.5% return over the period. Within the fixed income portfolio, long-duration government bonds, credit and emerging market debt were the best performers, returning 7.4%, 3.5% and 6.9%, respectively.ABP’s stake in property, private equity and infrastructure returned 4.4%, 3.2% and 4.5%, respectively.The pension fund, however, lost 0.2% on balance on its interest, currency and inflation hedges.PFZW’s funding rose by 0.1 percentage point to 89%, 2 percentage points above the critical level set for the scheme.The healthcare pension fund, which reported an overall return of 4.3%, said its 4.4% commodities portfolio returned 17.7%.Local-currency emerging market debt and government bonds were PFZW’s best-performing asset classes, returning 5.7% and 5.3%, respectively.BpfBouw, the €54bn pension fund for the building sector, saw its funding increase by 0.9 percentage points to 104.8%.It posted a quarterly return of 4.9%, producing returns of 3.9%, 4.1% and 4.2% on fixed income, equity and property, respectively.PMT, the €66bn scheme for the metalworking and mechanical engineering sectors, returned 4.7%, leading to a 0.2-percentage-point increase in its funding, which now stands at 92%.However, Guus Wouters, its director, cautioned that the pension fund was “increasingly falling behind on its mapped-out recovery path”, and that rights cuts “seem to be coming closer”.He also argued that the new pension contracts arising from the new pensions system “would also generate disappointing pension results in the current financial environment”.PME, the €44bn scheme for the metal and electro-technical engineering sectors, reported a quarterly return of 3.9% and saw its funding remain stable at 90.8%. The financial positions of the five largest pension funds in the Netherlands were largely stable over the second quarter as investment returns largely offset the negative effects of falling interest rates, the criterion for discounting liabilities.The schemes reported quarterly returns of up to 4.9%, resulting in a slight increase in funding at all but one of them.The €372bn civil service scheme ABP and the €179bn healthcare pension fund PFZW, however, warned that rights cuts were still a distinct possibility next year, as funding at most of the five largest schemes has already fallen near the lowest level allowed.ABPsaw its funding increase by 0.2 percentage points to 90.6%, just above the critical level of 90%, which, at year-end, would trigger immediate rights discounts under the new financial assessment framework (nFTK).last_img read more

Brunel Pension Partnership CIO resigns

first_imgMark Mansley“I have really enjoyed building up a successful investment business at Brunel with clear vision and strong products. In particular I am immensely proud of creating a fantastic investment team, going from nothing to a thriving group of highly talented professionals who have rapidly gained a tremendous reputation.“But now is the time to move on and for new challenges.”Mansley transitioned from the Environment Agency Pension Fund (EAPF), where he was also CIO, to Brunel in 2017 to prepare the organisation for taking on responsibility for managing the assets of its 10 client pension funds from the local government pension scheme (LGPS), who have some £30bn (€33bn) in assets under management between them.As at the beginning of this year, half of Brunel’s client funds – some £15bn – had been transferred to the pooling company, with 29 out of more than 500 reviewed investment strategies selected for 11 investment portfolios.Mansley joined the EAPF, which is one of Brunel’s founding LGPS funds, in 2011, contributing to establishing a highly-respected approach to sustainable investment that has been carried over to and further developed at Brunel. CEO Chappell said the board of Brunel would soon begin the process of recruiting their next CIO.Looking for IPE’s latest magazine? Read the digital edition here. Mark Mansley, the chief investment officer of Brunel Pension Partnership, has resigned, the local authority pension asset pooling vehicle announced today.In a statement, chief executive officer Laura Chappell said: “For the past three years, Mark has built up a successful investment team, from its earliest stages to a thriving group of highly talented professionals.“As Brunel moves on to the next stage of its development, Mark has decided to leave Brunel to pursue other opportunities.“[Chair] Denise Le Gal Chair of Brunel and the members of the board give Mark thanks for his contribution to Brunel’s success and wish him well for the future.” Writing on social media platform LinkedIn, Mansley said he was “keen to get back to something more investment-focused and using my creative talents for building and developing new investment businesses.“I am particularly interested in understanding strategically what the new world we will inhabit post Covid-19 means for investment.last_img read more

Hinterland home has arguably the best views on the Gold Coast

first_imgThe kitchen is one of the best places in the house for obvious reasons. Tap a dip rail, hail or shine. Spend the weekend lazing by the pool admiring the view. Are these the best views on the Gold Coast?DOES this Hinterland home have the best views on the Gold Coast?Perched on a hilltop, the lavish Tallai mansion has sweeping views of the coastline from Stradbroke Island to Tweed Heads.It was the jaw-dropping vistas that attracted owners Frank and Jenny Mesiano to the 3ha block of land on The Panorama almost 20 years ago.“That’s why we ended up there, because of the views, and it’s very secluded, peaceful and safe,” said Mr Mesiano, director of Global Meats. MORE: Mansion goes for $5 million less than 2017 asking price Indulge in a spa bath with a picture perfect backdrop.A tennis court, gym, sauna, indoor and outdoor pool, two spas, a terrace with built-in barbecue, games room, wet bar and wine cellar are among its standout features.“It’s a place you don’t have to leave as the property has everything, but you’re only 20 minutes to the beach and 10 minutes to the bottom of the hill where there’s great schools and Robina Town Centre,” Mr Mesiano said.The family moved closer to the beach in 2012 but have been managing the property as a luxury holiday rental in recent years.“The business is still running but we’ve stopped taking bookings,” Mr Mesiano said. Every inch of the house is lavish.With their children in mind, the couple built the two-storey house in 2001. Seventeen years on they have now decided to sell.“We used an architect out of Melbourne, Ermin Smrekar, who built and finished the home in two years,” Mr Mesiano said.More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoMORE Castle takes on new marketing pushcenter_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 4:18Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -4:18 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p400p400p320p320p228p228pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenNovember 6: Prestige listings04:19 “So the next owner could develop it into a full-time venture as it’s quite substantial.”Ray White Broadbeach agents Sam Guo and Julia Kuo are marketing the property under an expressions of interest campaign, which closes on November 26.Mr Guo said it was one of the best homes in the Hinterland.“It feels like one of those houses in Beverly Hills with a real wow factor,” he said.“It’s a very grand and private paradise.” “It was to be our family home forever so low-maintenance and a timeless design were part of the brief to the architect. “It was all about the lifestyle and raising a family.”It has five bedrooms, seven bathrooms and multiple living and dining areas. Fancy a game of tennis? Enjoy dinner with a view.last_img read more

NBA veteran Adonal Foyle in Dominica hosts athlectics academics camp for Grand Fond Youth

first_img Share Share 25 Views   no discussions Sharing is caring! NewsSports NBA veteran Adonal Foyle in Dominica hosts athlectics academics camp for Grand Fond Youth by: – July 18, 2011center_img Share Tweet Adonal Foyle shooting a basketball during a match. Photo credit: Nba.comVulnerable youth between the ages of 9-14 in the Grand Fond community are currently taking part in the first ever Athletics and Academics Camp.The camp which commenced today in Grand Fond, is being held in conjunction with the United States Peace Corps Volunteer Brian Longin.The facilitator of the camp is NBA Veteran Adonal Folye.He said “our athletes and Academics Camps are an essential part of our missing of giving back to the underserved children throughout the Caribbean. I grew up as one of these children who face a wide array of challenges every single day. It is our hope that the basketball camps will help local children by stressing the importance of education and health and building their self confidence,” he said.To date he has held camps in St. Vincent and the Grenadines and Trinidad and Tobago, reaching more that 3000 children over a five year summer period.Dominica Vibes Newslast_img read more