ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr As retailers move to capitalize on PINless debit, CUs need to re-evaluate their fee and reward programs.by: Joe WoodsSponsored by CU24Credit unions have seen a recent spike in PINless debit transactions as Walmart, Target, McDonalds and other large, national merchants have begun implementing PINless as part of their business strategies, reducing interchange that flows to issuing credit unions. (Also read, “Retailers Reduce CU Debit Income” on this blog.)What are “PINless” transactions? When a consumer uses her debit card for a purchase that is less than $50, a merchant may decide to route that transaction over one of the PIN debit networks, without capturing the PIN. Merchants may not even offer the consumer the choice of PIN, but routinely capture the transaction and forward it as “PINless.”PINless transactions aren’t new; however, they have been used infrequently, generally for transactions where both parties are known to each other with an established relationship, such as utility bill payments, rent payments, tuition and the like. The original intent was to provide a quick, low-risk transaction for cardholder and merchant. PINless was rarely used for routine POS debit activity. continue reading »
RelatedPosts Lampard: I still have confidence in Tomori Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Liverpool FC’s billionaire owner Mike Gordon was aboard the private jet that closed John Lennon Airport on Wednesday after skidding off the runway.Gordon was heading into Merseyside from Massachusetts for a series of meetings at the club.His Bombardier BD-700-1A11 Global 6000 jet landed at 6am but overshot the runway, Mirror Online reports.A club source said: “Mike is absolutely fine. There were no injuries and he wants to pass on his appreciation to the unbelievable staff at John Lennon Airport and the emergency services for the way they dealt with the incident which made it a non-traumatic experience.”Gordon was said to be “very appreciative” of the care of airport staff and emergency services.Flights arriving from Salzburg, where Liverpool FC played on Tuesday night, the Isle of Man and Dublin were diverted to Manchester on Wednesday morning, while planes from Belfast and Amsterdam were cancelled.Gordon is Fenway Sports Group’s second largest shareholder and the organisation’s business interests also include the Boston Red Sox.He is known for avoiding the limelight but oversees the day-to-day running of Anfield.Liverpool John Lennon Airport cancelled all flights after the private jet veered onto the grass.Delays are reaching up to four hours at the airport, which warned this morning that disruption would continue into the afternoon.A spokesman said: “I can confirm that around 6am a private business jet with four people on board – three crew and a passenger landed OK but then came off onto the grass. For whatever reason it has skidded off the runway.”Tags: Liverpool
The highly anticipated make-or-mar encounter between both teams, was concluded on Monday morning at the University of Benin Sports Complex, after a tension-soaked Sunday afternoon encounter that was postponed due to bad weather.With the 2-1 win, the Edo Arsenal as Bendel Insurance is fondly called, has secured the three points it needed to top the Table and now awaits NFF’s decision on the NNL Super 8 play off.If the NFF sticks to the same rule that allowed Lobi Stars to be declared winner of the abridged 2018 NPFL season, Bendel Insurance and their fans may well be preparing to return to the topflight again after over a decade in the wilderness of Nigerian football.Edo State Governor, Mr. Godwin Obaseki whose sports policy made it possible for Insurance to achieve this feat received the team at the Government House in Benin yesterday.A visibly elated Governor Obaseki congratulated the management and players of Bendel Insurance Football Club for defeating 3SC to be on course to returning to the Nigeria Professional Football League.Obaseki said the victory was another fulfillment of his administration’s promise to Edo people and residents.“My joy knows no bound because of what you have done today. I congratulate you and congratulate myself. I say this because it is another promise kept. We promised Edo people that we would bring Bendel Insurance to its lofty status which we all will be proud off and make sure they go on to play in the Premier league,” the governor said.He described the Deputy Governor of the State, Hon. Philip Shaibu who led the team to his office as the father of the New Bendel Insurance FC and commended him for the giant strides he made in rebranding the club.“We have built a team and have a machinery that will win the premier league, I am giving the club the sum of N25 million to show how grateful we are as a government,” Obaseki said.The deputy governor of the state, said in 2017, the state governor gave him a marching order to rebrand Bendel Insurance FC and other sporting activities in the state.“We did a lot of rebranding in the club and we appreciate the governor for ensuring prompt release of the budget of the club and the payment of salaries.He said the technical team was working to sign in bigger players to join the players in the club in preparation for the national premier league.Former National Deputy Secretary, Sports Writers Association (SWAN), Mr. Ben Ogbemudia, described the 2-1 win as deserved.He said: “Bendel Insurance FC win over 3SC is making Edo people proud again that the huge investment of the Obaseki-led administration is delivering results.“Obaseki took Bendel Insurance from an all-time low period in which salaries and allowances were not paid and when paid, they were irregular.“The players used to wear tattered jerseys, no provision was made for a serviceable vehicle to transport players to and from match venues. The team used to travel on match days. They did not have a camp that was conducive for training,” recalled Ogbemudia who is a former Media Officer of the team.The sportswriter said the tragic story changed when Governor Obaseki began the revamp of the team.“What we have now is a truly rebranded Bendel Insurance FC and with this historic win and promotion to the elite NPFL, the players have demonstrated their appreciation to the Edo State Government for investing faith in them.Bendel Insurance Football Club, originally known as the Vipers of Benin with a traditional base at the Samuel Ogbemudia Stadium, was one of Nigeria’s top teams in the 1970 through 1980s.The ownership crisis coupled with other problems plunged the team into relegation at the end of the 2007–08 season after finishing last on the table. It was the first time the team was being relegated from the top level in its history.Despite the state government’s intervention in 2008, that reversed its ownership to the state government, Bendel Insurance FC continued to grapple with series of challenges that kept the club in troubled waters until the Obaseki administration overhauled its management.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram *Says club’s triumph over 3SC and hope of promotion to NPFL is promise keptAdibe Emenyonu in Benin CityBendel Insurance Football Club yesterday in Benin City, made a bold move to return to the Nigeria Professional Football League (NPFL) with a 2-1 defeat of 3SC Football Club of Ibadan.