The need for payment speed

first_imgby: Henry MeierThe financial industry’s push for a faster more efficient payment system in this country is finally gaining some traction.  The question is: are the changes coming fast enough to satisfy consumer demand now that Apple has inserted itself into the payments system?Yesterday the Federal Reserve issued a report on updating the payments system.  It concludes that:“the U.S. payment system is at a critical juncture in its evolution. Technology is rapidly changing many elements that support the payment process. High-speed data networks are becoming ubiquitous, computing devices are becoming more sophisticated and mobile, and information is increasingly processed in real-time. These capabilities are changing the nature of commerce and end-user expectations for payment services. Meanwhile, payment security and the protection of sensitive data, which are foundational to public confidence in any payment system, are challenged by dynamic, persistent and rapidly escalating threats. Finally, an increasing number of U.S. citizens and businesses routinely transfer value across borders and demand better payment options to swiftly and efficiently do so.”The Fed’s next step is to use the report as a framework for further discussion within the financial industry about what steps can be taken to quickly implement  needed  changes.  If all this sounds a bit too slow it’s because events are quickly outpacing the Fed’s ambitions. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Al Sharpton has a past

first_imgCategories: Letters to the Editor, OpinionOver 30 years ago, Rev. Al Sharpton defended a young girl named Tawana Brawley, who accused several men of rape.It was eventually proven to be false. This was the start of Rev. Al’s rise to become the nation’s civil rights champion — also $5 million net worth. Do a Google search.James KownackScotiaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motoristsSchenectady teens accused of Scotia auto theft, chase; Ended in Clifton Park crash, Saratoga Sheriff…EDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

Brothel driven from suburb

first_imgChristchurch Press 27 Feb 2012A controversial Christchurch brothel is set to close its doors in an upmarket suburb, but the spread of the sex trade across the city cannot be stopped, a city councillor says. About 50 community members attended a public “Families and Brothels Don’t Mix” meeting on Saturday to force the Capri Lounge out of its Merivale premises. In an email to a community group, the landlady of the Papanui Rd property, Marie McFarland, said the Capri Lounge operator – her son’s partner – would move the business within a “few weeks”. “I have no particular stance on brothels per se,” McFarland said. “They are now legally entitled to exist … That said, I can appreciate the concerns of neighbouring residents, and were I in your position, I may very well share those concerns.” Families and Brothels Don’t Mix spokeswoman Amanda Cooper-Davies said the brothel had turned their neighbourhood into a “seedy” and “intimidating” place to live. “We have seen some pretty scary people … some very threatening people come out of the property.” Neighbours had complained of hearing “audible noises of climax”. Several people at the meeting urged the city council to keep brothels out of Christchurch suburbs. But Cr Sue Wells, who chairs the council’s prostitution working party, told the audience small owner operator brothels were “all over the city”. read more