Saturday, May 19, 2012
Gulf News
Dubai The UAE could be one of two trial markets as the UK-headquartered payment services company Xpress Money makes a move into the individual to business (or business to individual as the case may be) transaction space. Its home market could be the other test market with the trials expected to start post-summer.
“There are very few payments facilitators who are already offering such a service capability and those who are got into it quite recently,” said Sudhesh Giriyan, who heads the regional operations at Xpress Money. “By getting in ourselves at the earliest we expect to narrow any advantage the others may have.
“As of now, we are trying to feel the market out by talking to institutional clients.”
Sources at local remittance houses reckon this is the way forward for the industry. Having institutional clients readily translates into substantial funds flowing through the remittance pipeline and that can only be a good thing for all industry players.
Xpress Money — which came into being in 1999 — only services individual to individual payments, with the UAE — where it has 350 locations operated by various exchange houses — and the GCC being one of its top transactional markets globally. Last year it entered the US and more recently Australia. The plans are to extend coverage to Latin America.
Widely rated
That is why the company wants to get into payment settlements involving individual to business and vice-versa. This category is widely rated within the industry as the next big thing.
Such services could be utilised to make an airline booking, whereby a customer can do the needful at a physical location where the Xpress Money service is available, or for a business to send salary contributions to outstation employees.
“We are formulating the systems and will also require having in place strict compliance practices,” said Giriyan. “Also, future corporate clients would need to be assured that we can provide optimum coverage through physical locations and that’s being addressed. We will also need to maintain bank accounts.
“It’s different to the typical compliance requirements for individual to individual and quite exhaustive.”
Not that remittance volumes involving individuals are showing any signs of slacking off. The estimated volumes last year through the GCC corridor were estimated at $76 billion (Dh278.9 billion). Saudi Arabia alone would account for more than $25 billion, enough to place it among the Top Three worldwide.
“But it’s still the US that is the biggest remittance market by far and the recession does not seem to have had any impact,” said Giriyan. “Last year it was estimated at $51.6 billion and it’s not difficult to see why — the whole of Latin America depends on individual remittances coming out of the US and so are many markets in Asia.
“China, India and Mexico remain the biggest recipients of remittance transactions, which goes to show that customer to customer volumes are not saturated. But customer to business opens up a whole new stream of opportunities.”
By Manoj Nair?Associate Editor
© Gulf News 2012. All rights reserved.
Money buys freedom in Florida - Examiner
I expected something like this: John Goodman, an heir to a Texas family fortune made in the heating and air conditioning industry, made a name for himself in South Florida by becoming the founding member of a polo club.Two years ago, Goodman ran his Bentley automobile into a small car driven by 23 year old Scott Wilson. Wilson's car was pushed by the big Bentley into a canal where Wilson drowned. Goodman did nothing to help, and proceeded to come up with numerous excuses to try and hide his drinking, and possible pill popping of vicodin, for which he had a prescription. Goodman, a millionaire, hired well known attorney Roy Black. Black made a name for himself years ago by getting William Kennedy Smith off of a rape charge that made attention world-wide.
Having money for a "dream team" doesn't hurt when you're in trouble with the law. O.J.Simpson taught us all that lesson. Goodman allegedly paid off Wilson's family to the tune of $46 million. He seems to have put up $7 million to get a house arrest arrangement during his appeal to a 16 year sentence for a DUI manslaughter conviction. Roy Black managed to dig up some minor information regarding a goofy old man who was on the jury, an old creep who obviously was seeking his own 15 minutes of fame by talking about a book he was going to write among other moronic statements including taking drinks as a test to see if Goodman really was inpaired.I wonder if he took a vicodin with the two drinks? In the scheme of things, this excuse for a mistrial is absurd, but when you have millions to toss around, the absurd becomes relevant.
The fact is Goodman's reckless activity resulted in the death of a young man who had a promising life ahead of him. Goodman never even seemed remorseful, except for his own misfortune. His case made headlines across the nation, and most likely around the world since he's known internationally because of his interests in polo. Goodman also went overboard to protect his assets (pun intended) by "adopting" his girlfriend. Ponder that financial move for a bit. Goodman will now have to tough it out with an ankle bracelet confined to his 160 acre estate which connects to the polo club. What a difficult transition.Goodman's house is 11,000 square feet.
My guess is Roy Black will first try to drag out this entire process which will not only extend Goodman's paid- for freedom, but allow this entire case to drain away from the public's interest and memory. They're betting by the time their, hoped for, new trial will have a better chance of getting Goodman off for good. Maybe Goodman could set up a fund which would send money to every area resident or potential jury pool, so no matter who serves on a future jury, they will have feelings of good will for a man who really only made a mistake which resulted in a death, not something done on purpose.
While John Goodman can still run his polo business, as terms of this hiuse arrest, he can't attend any polo matches or parties. I'm beginning to wonder if this man can survive such a punishment.Maybe he could use the time to help construct a fancy new jail where, if his luck fails, he could serve out his term in a lifestyle he's grown accustomed to. Roy Black is earning his money on this case. I'm sure he and Goodman are now sleeping quite soundly, and so is Scott Wilson-for good.
Stocks close out the worst week in six months - Examiner
Slideshow: J.Lo may be leaving 'Idol', but we'll always have these pics.
See her in sexy swimsuits
Better Business Planning, Inc. Connects its Local Community Through Social Media - YAHOO!
With the unveiling of the agency’s Illinois insurance blog, the team at Better Business Planning hopes to better serve both the insurance and social needs of its neighbors.
Itaska, Illinois (PRWEB) May 19, 2012
Local Illinois insurance agency, Better Business Planning, Inc., has proudly launched an interactive social media strategy geared toward strengthening both business and personal bonds within the community. With the unveiling of the agency’s Illinois insurance blog, the team at Better Business Planning hopes to better serve both the insurance and social needs of its neighbors.The fresh new blog will allow members of the surrounding Illinois community to conveniently access relevant insurance advice, as well as local community news. From video clips and accompanying links to personal greetings and insurance tips, the innovative Better Business Planning blog will provide Illinois companies with truly valuable information. The blog includes access to content regarding both general and specific insurance requirements. Whether individuals need to stay safe on the road with Illinois vehicle insurance or a company wants to obtain Illinois group health insurance to save its employees money, Better Business Planning will use its expertise to effectively address these needs.
This revitalized approach to connecting with local consumers coincides with the agency’s mission to not only continue to serve their loyal customers but to expand its service for all of those in need of reliable coverage. The fresh, new blog also comes with collaborative links to the agency’s Facebook and Twitter, while allowing visitors to grab hold of advanced insurance knowledge by subscribing to the Better Business Planning RSS feed. Current and potential customers can now receive in-depth, community-centered insurance information right at their fingertips.
Better Business Planning’s use of social media will bring a modern feel to the way the agency engages with and markets to the community. Whether businesses want to look into Illinois group health insurance or simply want to know what’s going on in their neighborhood, they can find the answers they are looking for with Better Business Planning.
About Better Business Planning, Inc.:
In 1977, Better Business Planning was founded at a kitchen table in a western suburb of Chicago with the mission of providing quality Illinois insurance solutions. Through the years, the agency has perfected its craft and now offers a variety of group insurance coverages throughout the entire state of Illinois. The staff at Better Business Planning is dedicated to servicing clients’ specialized Illinois insurance needs. We continue to strive to improve the quality and affordability of benefits for all of our customers and their employees.
Jennifer Nottage
Astonish Results
(401) 921-6220
Email Information
DTI Business Registration Grows 8% - Manila Bulleting Online
MANILA, Philippines — Business registration in 2011 was up 8 percent over the previous year indicating that more Filipinos are into the entrepreneurial mode this year.
Data from the Department of Trade and Industry (DTI) showed there were a total of 318,920 businesses registration in 2011 compared to 294,410 in 2010.
The significant increase in business name (BN) registrations last year was attributed to the DTI’s electronic Business Name Registration System or EBNRS which was launched in October 2010. The EBNRS automated the registration processes which led to a faster and more efficient handling of transactions.
“The EBNRS is one of the Department’s anti-red tape initiatives in line with the government’s policy of streamlining the bureaucratic processes and curbing corruption in the frontline agencies," said DTI Secretary Gregory L. Domingo.
Domingo has emphasized the government’s effort to improve the ease of doing business in the country by undertaking reforms such as automation of business registration processes to attract more investments in the country.
“We are continuously studying our processes to simplify business registration and license applications to improve the Philippine business environment. We are closely working with other government offices and the local government units or LGUs to make business easier in the country,” Domingo said.
The application through the EBNRS only takes 15 minutes, and only requires a one-page application form and one signature compared to the previous application scheme. This has drastically improved the process by cutting the length of time, the number of documents and signatures required to register a business name.
With EBNRS in place, entrepreneurs can get their DTI Business Name Registration Certificate in less than 30 minutes. “The automated system not only made the transactions easier for businesses but also for the Department,” said Domingo.
Registration of business name with DTI is only the first step for an entrepreneur to start a business. Other regulatory agencies require businesses to register, as well as the local government units (LGUs) to issue them permits and other licenses to operate. (BCM)
Police warn of man pretending to be Boy Scout to solicit money - Public Opinion
The man has been going to residences asking for money to aid a Boy Scout with his Eagle Scout project, police said.
Boy Scouts of America do not solicit money for scout projects, police said.
At this time, it is believe that none of the money that has been donated has gone toward any scout project, police said.
Police recommend that is someone comes to your residence asking for donations that you contact PSP Chambersburg or the Boy Scout Troop mentioned by the man to verify the solicitation.
Anyone with information regarding this incident can contact PSP Chambersburg at 717-264-5161.
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