Services payment – Les Couleurs De Luce Wed, 23 Nov 2022 05:33:20 +0000 en-US hourly 1 Services payment – Les Couleurs De Luce 32 32 Maui will open a new online payment portal for MCTAT Wed, 23 Nov 2022 05:33:20 +0000

WAILUKU, Hawaii (KHON2) – Maui County officials have announced that they will open a new online portal for Maui County Transient Lodging Tax payments on Thursday, December 1.

Maui County taxpayers will be able to pay their MCTAT through a new online portal that will be operated by Sturgis Web Services in conjunction with the counties of Maui, Hawai’i and Kaua’i.

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Officials promise that the “new service streamlines the checkout process” which is “more user-friendly and offers enhanced features” such as:

  • Secure user profiles with user-defined logins and passwords.
  • Users can register multiple state transient accommodation numbers under one profile.
  • Accepts payments for three counties in the state of Hawai’i [excludes City & County of Honolulu].
  • Allows state TA number verification during registration to confirm identity.
  • Allows the taxpayer to add, delete or modify accounts under the registered user profile.
  • Calculates the county’s TAT ​​amount, including penalties and interest, based on the payment date.
  • Provides the taxpayer’s payment history.
  • Reconciles the county’s TAT ​​amount with the taxable income reported by the state.
  • Accepts payment by credit/debit cards, PayPal and eCheck.
  • A convenience fee will be applied to payments made by debit or credit card; no fees are applied for payments made via eCheck.
  • Sturgis web services offer the highest level of security and encryption.

Currently, taxpayers have until Wednesday, November 30 at 11:59 p.m. to pay online with their current Bank of Hawai’i direct billing site. Officials said online users should delete this site from their history and use the new link for online payments.

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Officials also want to remind taxpayers that TAT liabilities over $100,000 per year will be required to make payments by electronic funds transfer and that payments made through their new online portal will “meet this requirement.”

Walk-in payments are still accepted.

EU struggles with payment action trading rules for order flow Thu, 17 Nov 2022 21:16:00 +0000

LONDON, Nov 17 (Reuters) – European Union states moved closer on Thursday to dropping a proposal to ban brokers charging fees for directing exchange trades to trading venues. specific.

Payment for order flow (PFOF) came under intense scrutiny last year when an army of retail investors flocked to “meme stocks” on Wall Street, using brokers who touted the merits of charging no fees, making money by sending the orders to an agreed venue for execution.

The US wonders if curbs are needed for PFOF when the UK has already banned it.

The EU ban was proposed in a bill by the EU’s executive European Commission updating the bloc’s MiFID II securities law, with EU states and the European Parliament having the last word.

Building on German and French suggestions to continue allowing PFOF but under strict conditions, the Czech EU presidency presented an informal compromise on Thursday at a meeting of EU member state officials.

A broker receiving payments from a trading platform must match or better the share price offered in the broader market, according to the compromise seen by Reuters.

To make this possible, a separate proposal in the MiFID bill to create a “consolidated tape” to record share prices across the bloc’s multiple trading venues, would likely need to include bid prices and not just prices. completed transactions. fight against.

Separately, the European Parliament’s Economic Affairs Committee also debated PFOF on Thursday, with lead lawmaker Danuta Huebner saying the committee is split between those who want to allow PFOF under strict conditions and those who support a ban.

“We have here one of the most difficult discussions in search of a compromise, she said.

The Federation of European Securities Exchanges (EFSE) said talks over the PFOF and the consolidated band risked “cementing fragmentation and opacity” in the markets.

However, Huebner said competitiveness in EU markets is key given competition from Britain and the United States.

“We have to take competitiveness very seriously from the point of view that we remain attractive and that capital will not flow into London because of Brexit,” said Hubner.

On Thursday, EU financial services chief Mairead McGuinness outlined new plans due next month to boost EU capital markets, partly in response to Brexit.

Reporting by Huw Jones; Editing by Elaine Hardcastle

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Langley Recycling Inc. offers reliable metal recycling, fast cash payment and easy work processes in Kansas City, MO Mon, 14 Nov 2022 20:01:17 +0000

KANSAS CITY, MO – (NewMediaWire) – November 14, 2022 – Langley Recycling Inc., a recycling industry leader in Kansas City, MO, handles a wide range of scrap metal and other recyclable materials. The company offers a wide range of recycling-related services and currently processes tonnes of scrap metal per year, including bronze, brass, nickel, cast iron, copper, steel, stainless steel and other recyclable materials. The company is pleased to announce that they currently accept all types of aluminum and aluminum cans.

“Langley Recycling, Inc. is committed to buying, selling and processing scrap metal with the knowledge and professionalism to make us a leader in the scrap metal industry. We are one of the largest metal recycling facilities of the Kansas City area. We are constantly upgrading our equipment and processing facilities to improve product quality, maximize profitability and keep our prices competitive,” the company representative said.

Langley Recycling, Inc has state certified scales with professional and friendly staff on board to help guide customers through the recycling process. After bringing the unwanted waste to the facility, the team will professionally weigh the waste to determine how much the customer will receive. This is done seamlessly using industry standard and professional scales, after which payment is initiated immediately. The company’s flexible payment options allow customers to opt for cash, PayPal, Venmo, wire transfer, or even BitCoin.

The Company’s Stadium Drive location is one of the Kansas City metro area’s largest recycling facilities, upgraded with the latest equipment to recycle metals faster and more efficiently.

Some of the scrap and recycling services offered by Langley Recycling Inc. include dumpsters, van truck pickup services, recycling catalytic converters, buying junk cars, forklifts and other industrial equipment , mobile car crushing and salvage, commercial scrap metal sales and scrap metal recycling.

By hiring Langley Recycling, Inc., customers are sure to sell their scrap easily and conveniently with unlimited quantities of scrap metal as the company can handle any size load. Plus, they can enjoy extended service hours at their convenience and on-demand pickup services. The company will also perform heavy unloading (by hand or with a magnetic crane).

Langley Recycling, Inc. understands that recycling metals is a more economically and environmentally viable way to obtain and use metals because it costs less than the original cost of producing the metals. Additionally, the metal can withstand continuous recycling without loss of quality, making it a popular area for companies to invest in for maximum productivity.

As a trusted name in the industry with a significant reputation and many years of experience, Langley Recycling, Inc. has made every effort to stay current with the latest laws, regulations and industry trends by identifying what they can safely recycle at their facility. . The company has a full range of containers that can be rented by customers.

Most importantly, Langley Recycling, Inc. works with its customers to protect the environment by ensuring that no recycled scrap ends up in landfills. The company believes that working closely with its customers will reduce the amount of waste that ends up in landfills, while helping them get the money they deserve for their scrap metal.

Founded in the 1900s, Langley Recycling Inc. is a local family business that homes and commercial businesses know and trust. Now, over 100 years later, the company has become the premier recycling center in Kansas City, MO, and a trusted destination for individuals and businesses looking to sell their scrap metal, vehicles, catalytic converters, their forklifts, industrial equipment, etc. After.

Langley Recycling Inc. is located at 3557 Stadium Dr, Kansas City, MO, 64129. For more up-to-date Kansas City Scrap Metal Recycling information or any inquiries, customers are encouraged to visit their website or reach them by phone at 816-924-8452.

Media Contact:

Company Name: Langley Recycling Inc.

Contact person: John Langley

Call: 816-924-8452

Address: 3557 Stadium Drive

Town: Kansas City

State: MO

Postal code: 64129

Country: WE


‘Payment Stable Coins’ Could Lead to ‘Disintermediation of Traditional Banks’, Acting FDIC Chairman Says Sat, 12 Nov 2022 02:43:57 +0000

In a recent speech, Martin J. Gruenberg, who has served as the Acting Chairman of the Board of the Federal Deposit Insurance Corporation (FDIC) since February 5, 2022, shared his thoughts on “prudential regulation of cryptoassets” .

Here is how Wikipedia describes the FDIC:

The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that provide deposit insurance to depositors at US depository institutions, the other being the National Credit Union Administration, which regulates and insures credit unions. The FDIC is a US government corporation that provides deposit insurance to depositors of US commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore confidence in the American banking system.

Gruenberg made his comments on “payment stablecoins” on October 20, 2022 during a speech titled “The Prudential Regulation of Crypto-Assets” given at the Brookings Institution:

Unlike Bitcoin, Ether, and similar cryptoassets, most stablecoins are represented as backed by an asset pool or use other methods to help maintain stable value. Currently, the most important stablecoins are supposed to be backed by financial assets such as currencies, US Treasury securities or commercial paper…

Like the concept of money market mutual funds, many types of stablecoins seek to maintain a stable value of one dollar (or other unit of fiat currency) per coin, either by relying on a pool of assets, which could include other digital assets, or through the use of an algorithmic mechanism as a value stabilization mechanism. Of course, what is represented and what is true can be two different things…

Even though crypto-assets and stablecoins have not yet proven to be a significant or reliable source of payment in the real economy, the distributed ledger technology on which they are built may prove to have significant applications and a public utility within the payment system…

There have been many public discussions and debates regarding the benefits and risks associated with the development of a payment stablecoin for domestic and international cross-border payment purposes subject to prudential regulation…

The main benefit of developing a stablecoin payment is the ability to offer cost-effective, real-time, round-the-clock payments for individuals and businesses. Domestically, this is similar to the benefits offered by the Federal Reserve’s FedNow system, which is expected to go live in the coming year. It remains to be seen to what extent a stablecoin payment would provide additional or complementary benefits to the FedNow system…

Nonetheless, it may be worth continuing to examine the potential benefits associated with payout stablecoins. To be clear, I view the notion of payment stablecoins as conceptually distinct and separate from the larger existing universe of stablecoins and designed specifically as an instrument to satisfy the need of consumers and businesses for secure, efficient, cost-effective payments. and in real time…

There are three important features that could make payout stablecoins much more secure than stablecoins currently on the market…

First, payment stablecoins would be safer if they were subject to prudential regulation. One way to ensure prudential regulation and segregation of deposit-taking would be to issue a stablecoin payment through a bank subsidiary…

Second, payout stablecoins would be safer if they were to be backed dollar-for-dollar by high-quality, short-term US Treasury assets. Relying on such high-quality assets would help ensure that payout stablecoins could be exchanged quickly and efficiently for fiat currency on a dollar-for-dollar basis, thereby limiting the risk of the risks associated with these instruments trickling down. on the traditional financial system...

Third, payment stablecoins would be safer if processed on authorized ledger systems with robust governance and compliance mechanisms…

While these three features would make payout stablecoins more secure, there are still several important policy considerations to consider when considering the benefits and risks associated with payout stablecoins…

The development of a payment stablecoin could fundamentally change the banking landscape. The economies of scale associated with payment stablecoins could lead to further consolidation of the banking system or disintermediation of traditional banks.

And the network effects associated with payment stablecoins could change the way credit is granted within the banking system – for example by facilitating greater use of FinTech and non-bank lending – and possibly lead to forms of disintermediation. credit that could damage the viability of many US banks and potentially create the foundations for a new type of shadow banking...

When considering where payment stablecoins should fit into the regulatory landscape, we also need to consider how and to what extent states should charter stablecoin issuers or license them as issuers. silver. Many states have invested considerable time and effort in understanding the risks associated with crypto-assets and stablecoins…

All issuers of payment stablecoins should – just like banks, whether federally or state chartered – be subject to prudential regulation and supervision. As I mentioned, the potential for non-bank stablecoins to disintermediate community banks from their local communities is an issue that should also be carefully explored and considered…

By design, payout stablecoins could have many of the characteristics and potential vulnerabilities associated with money market mutual funds. As we saw earlier, in tight market conditions, large investors could quickly exit their holdings, leading to a sell-off of the underlying securities and panic selling by other investors. This could lead to contagion through other payout stablecoins and similar pooled asset holdings, resulting in a systemic event…

Particular attention should also be paid to issues of disclosure and consumer protection. While the fundamental premise of payout stablecoins is that they can be more secure and easier to understand than more complex crypto-assets, interfacing with retail businesses will pose new questions and challenges as that consumers and businesses will adapt to a new form of payment and its associated rights and obligations…

Disclosure and consumer protection issues will also need to be carefully considered, particularly if custodial wallets are permitted outside the banking system as a means of holding and transacting payment stablecoins. It is unclear whether and to what extent these portfolios would or should be subject to prudential supervision.

Consideration should be given to the ability of a stablecoin payment to foster a more inclusive and accessible banking system. A payment stablecoin and any associated hosted wallets or custodians should be designed in a way that eliminates – not creates – barriers that prevent low- and middle-income households from benefiting from a real-time payment system

As I have indicated before, another important policy consideration should be how a payment system based on the use of payment stablecoins would appropriately interact with the Federal Reserve’s upcoming FedNow service, as well as the development potential for a US central bank digital currency…

Federal banking agencies have considerable authority when it comes to addressing the security, soundness, and financial stability risks associated with crypto-asset-related activities, including perhaps the issuance of payment stablecoins, per our regulated entities…

However, there are clear limits to our authority, particularly in certain areas of consumer protection as well as the provision of wallets and other related services by non-bank entities. We need to consider to what extent legislation would be needed to provide a consistent framework to prudently regulate an “end-to-end” stable payments system and ensure that consumers are appropriately protected in the process.

Image credit

Featured image via Pixabay

Twitter files paperwork with Treasury to become payment processor Wed, 09 Nov 2022 21:02:00 +0000

Twitter FHe filed paperwork with the Treasury Department to enter the payment processing business, expanding Elon Musk’s vision for the company.

The social media platform filed the registration documents last week with the Treasury Financial Crimes Network, according to the New York Times. These documents are necessary for any business that wants to get involved in money transfers, currencies and exchanges. Musk’s decision to move Twitter into the fintech sector echoes his past at PayPal and his interest in replicating Chinese social app WeChat.

Musk address those interests in finance in a call to advertisers, saying the company is growing in commerce. Musk said Twitter has “a lot to do on the software side” and wants to implement features that allow users to purchase products with a single click on Twitter.


Twitter’s move into fintech is part of a series of bigger changes Musk has been planning that overhauls the day-to-day running of the company. Musk revamped the company’s verification process last week by linking it to its premium service, Twitter Blue. He also laid off 50% of the staff to cut costs.

Musk’s interest in Twitter embracing fintech investment reflects his historical investments. The billionaire made one of his first major investments in, an online bank he founded in 1999 that would become PayPal.

Musk’s vision of combining Twitter with an e-commerce app reflects his admiration for WeChat. Musk praised the Chinese social app and expressed interest in creating his own “everything app” in the US, leading some to conclude that Musk could use Twitter’s framework to build the new version. from


Twitter has already experimented with providing financial services to users. The company spear a tipping service in September 2021, allowing users to pay creators directly for their content. If FinCEN approves Twitter’s documents, it will allow it to create more complicated payment systems to develop alternative revenue streams in addition to the company’s advertising revenue.

Mayor: More payment options for parking at two Ipoh public facilities Sun, 06 Nov 2022 23:29:46 +0000

The Perak Urban Transformation Center (UTC) and Amanjaya Chicken Market car parks in Ipoh now use a license plate recognition feature, as part of Ipoh City Council’s plan to promote payment digital.

Ipoh Mayor Datuk Rumaizi Baharin said those without apps like Park@Perak could still park there but would have to scan a QR code to pay.

QR codes, he said, have been strategically placed at both premises to facilitate payment through Flexi Parking.

“The License Plate Recognition feature started early last month.

“Motorists can still enter car parks even if they don’t have the Park@Perak app,” he told the Ipoh City Council plenary meeting.

“The digitization of parking payment is in line with the city council’s goal of becoming a smart, low-carbon city,” he added.

On October 18, StarMetro had reported the problem senior citizens were having in the parking lot at both facilities because only digital payment was accepted.

Rumaizi previously said payment for public parking in the city would become fully digital by 2024.

He also encouraged people to download and familiarize themselves with the Park@Perak app.

Physical parking coupons in circulation can still be sold to the public and used until December 31, 2023.

Rumaizi also said that parking at UTC and the chicken market costs 60 sen per hour and 4 RM for a whole day.

“Between 6 p.m. and 6 a.m., the payment is RM2, while the monthly pass is RM85, he added.

Rumaizi said the Park@Perak app has been updated with several new features, including daily pass, monthly pass, parking sticker status check and digital agent.

He said existing agents who sell parking coupons could become an agent to help people digitally pay for their parking.

“Officers interested in participating need only notify the City Council parking unit,” he said.

“Those who don’t have a smartphone or haven’t downloaded the apps can use the services of designated digital agents near UTC and Chicken Market to pay,” he said.

For any request, call the parking unit of the town hall on 05-255 4377 / 4387 / 4388.

Separately, Rumaizi said the city council will continue its electronic and electrical waste (garbage) collection programs on the third weekend of the month, November 19-20.

He said the five locations of the collection were Bercham Rukun Tetangga Building, Jelapang Public Hall, Pasir Pinji Community Hall, Rapat Setia Night Market Site and Padang Lintau in Manjoi.

He added that collection would be from 8 a.m. to 1 p.m.

“The public can bring in their unwanted electronic and electrical items to exchange them for cash tokens.

“Those who have participated in the program will be eligible for a raffle with prizes worth up to RM10,000,” he said.

Regarding the number of dengue fever cases in the city, Rumaizi said there has been a significant increase since the beginning of the year.

He said as of October 23, a total of 412 cases had been reported, compared to 150 cases during the same period last year.

“Although no outbreaks were reported between September 17 and October 11, the continued rainy season caused an increase in cases.

“We urge the community to play their part in reducing dengue cases in the city,” he added.

Companies can launch offers linked to branded payment cards Thu, 03 Nov 2022 19:00:00 +0000

St. Helier, N.J., Nov. 03, 2022 (GLOBE NEWSWIRE) — Enigmatic Smile gives businesses the ability to launch their own branded payment card related offers app in just 4 weeks, works with all brands payment cards. All customers benefit from Level 1 PCI security and GDPR compliance as standard. 3 times more earning and trading opportunities than any other solution.

An Enigmatic Smile gives businesses the ability to launch their own branded card-linked customer loyalty app in less than a month! Whether you’re a subscription-based organization, like a gym group or a movie theater chain; or if you are a card issuer, retailer, insurance company or newspaper, Enigmatic smile has you covered.

Enigmatic smile provides branded native iOS and Android apps, already loaded with thousands of card-linked offers for your customers and employees. They’ll collect rewards from locations around the world without doing anything more than securely add their payment card and spend as they normally do.

There are no clunky coupons or complicated websites required, and there is no need to change pre-existing behaviors. Your customers and employees simply collect v$, v€ or v£ (depending on where you are based), then exchange each v$, v€ or v£ for $1, €1 or £1 for all the gifts from major retailers. cards. They can also claim up to 100% off millions of hotels and almost any flight worldwide, and trade for cryptocurrency if they prefer.

To get started, Enigmatic Smile representatives will meet with your team on Zoom and conduct an initial no-obligation consultation. Their designers provide mockups of what your app might look like within 3 business days.

Your customers and employees will be charged $1, €1 or £1 when registering their card (depending on where you operate). This little extra helps Enigmatic Smile eliminate card fraud and keep your customers safe, ensuring that the card on file really belongs to them. However, your customers instantly receive v$1, v€1 or v£1 back, meaning it doesn’t cost them a penny to start saving. Because your employees and customers can collect cash back on everything from supermarkets and cafes to online marketplaces and taxi services, saving $100 a month isn’t at all difficult. Experienced users can save over $3,000 per year.

Sales manager Stephen Walsh reportedly said:

“There are, of course, many solutions for engaging customers and employees. However, after extensive research, our teams have concluded that Enigmatic Smile branded apps are by far the easiest and smartest solution available. Plus, they’re free for organizations that can onboard 50,000 end users/customers. »

Once you have agreed on your app design, your account manager will allocate technical resources and Enigmatic Smile sets to work, creating your organization’s bespoke apps, in addition to their state-of-the-art technology.

All apps are deployed to your own iOS and Android app store accounts so you have full control, and bespoke content can be added if you need it. Large organizations can also add all map-linking technology and content directly into their existing applications and websites.

Offering your staff and clients this incredible savings product is especially poignant when global inflation is taking its toll around the world. Never before have consumers needed a way to save money, not just on basic necessities, but also on those little extras that make life worth living. Enigmatic Smile offers organizations a way for customers and staff to keep those little luxuries without breaking the bank!

If you would like to develop your own branded app, please visit to learn more.


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]]> “A step in the right direction”: British Columbia announces new payment model for family doctors Tue, 01 Nov 2022 00:32:33 +0000

Even opposition party leaders have positive things to say about the decision, but have raised questions about the implementation

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Minister of Health Adrian Dix. Photo: Government of British Columbia Flickr

In a deal hailed as “one of the best ever negotiated here in British Columbia” by Doctors of BC President Dr. Ramneek Dosanjh, the BC government announced a new way for doctors to be paid.

The three-year interim framework agreement between the province and family physicians includes an option for family physicians to move from the fee-for-service model to a new compensation plan that takes into account overhead, time they spend with each patient, the number of patients related to their practice and the medical complexity of each patient.

Health Minister Adrian Dix announced on Monday that the changes are meant to be “transformational” and attract and retain more family doctors in a province where one million people live without access to a primary care physician. A number of walk-in clinics have closed in Greater Victoria alone in the past year, leaving an estimated 100,000 people without care.

“For many doctors, I hear the value of shock: that they have been heard,” Dr Dosanjh told Capital Daily. “They feel valued and appreciated in a payment system that is actually going to be set up for them to thrive.”

Negotiations for the new agreement began in June 2021, and a letter to Doctors of BC members last August referenced some of the features announced today: support for rising business costs, continued independence from health authorities and compensation for time spent on clinical and administrative activities. work.

The current fee-for-service model involves a flat fee of approximately $31 per patient visit, and family physicians who run their practices pay overhead such as rent, staff, and equipment out of that fee. .

Under the current model, the Department of Health estimates that a full-time family doctor earns about $250,000 a year before taxes and overhead. The new agreement will increase this amount to $385,000 per year. Physicians can choose to switch to this system in January, and it will come into effect on February 1.

The Minister of Health also announced the creation of a roster system by mid-2023, whereby patients seeking a family doctor can register with a provincial registry and then be matched with a primary care provider in their community.

The province has yet to announce benchmarks for the number of family physicians it hopes to attract with this new model, or the number of patients it expects to match with one physician over the next three years.

Doctors vote on deal

The fine print of this new agreement will be shared with family physicians over the next two weeks.

“The new payment model is, quite simply, a much better arrangement than continuing to pay for it and we believe it’s a much better arrangement for patients,” Dix said. “A deal doesn’t solve all the problems we face… It’s a step, but I would say it’s a pretty big step and one that people have been waiting for for a long time.

According to Dr. Dosanjh, members of Doctors of BC will vote on whether to ratify the agreement on November 14. She believes most will jump at the chance to leave behind the “outdated” fee-for-service model, but not all.

“There are people who don’t want a change, and they want to keep practicing exactly the way they’ve been doing for years, and they’re used to it or they’re a few years away from retirement,” Dr. Dosanjh said. said. “We’re not here to change that or tell people they need to change.”

Physicians will have the option to stick with the current model even if the new agreement passes.

After reading the outline of the agreement announced today, Dr. Sienna Bourdon, family physician and medical director of Shoreline Medical in Brentwood Bay, is optimistic about the new model.

“I think paying doctors for indirect time is a huge step in the right direction,” said Bourdon, who is still reviewing the details of the deal.

Rising costs for doctors to run their practices have led to an increase in the number of private practitioners who operate outside the MSP and charge their patients a monthly or annual fee to access health services. Earlier this year, Capital Daily told the story of a doctor in Victoria who decided to charge his patients a subscription cost, raising questions about creating a two-tier healthcare system.

The decision to leave fee-for-service in the past received support from BC Green Party Leader Sonia Furstenau, who released a statement calling it a “good step forward”.

But following the announcement, she noted a lack of benchmarks in the proposed deal.

“What we had to do with this plan is how the government will measure results, and those measures should include the number of British Columbians attached to a family doctor, the number of family doctors recruited and an increase in care preventive,” wrote Furstenau. . “We also hope this is a signal from this government that it will move away from emergency primary care centres, which have been blatantly ineffective.”

The province’s announcement included a nod to these UPCCs, of which the government has opened 29 since releasing its primary care strategy in 2018. They will continue to play a role in Colombia’s overall primary care network. British, said Dix.

B.C. Liberal Party Leader Shirley Bond told reporters in the Legislature on Monday that she will wait to see how the model and slate system are implemented.

“It’s one thing to make an announcement; it’s something completely different to make sure it’s deployed effectively for doctors,” Bond said. “I believe there is a step in the right direction but again we want to see more details, timelines, [and] metric.”

Until the new payment model takes effect, the province continues to provide a short-term emergency funding stream to help family doctors with overhead costs. This stabilization fund of $118 million is provided to approximately 3,500 doctors from October to the end of January.

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GOOD NEWS: Local nonprofit receives surprise payment from Midland Inspires Sat, 29 Oct 2022 13:00:59 +0000
The Midland Inspire Board of Directors consists of, from left: Teri Pender, Treasurer; Becky Lindemood, director; Dianne Williams, Director; Cheryl Mertz, secretary; Julie Z. Edwards, director; Naomi Paredes, director; Jonna Smoot, Chair of the Board; and Lisa Fielder, CEO and Co-Founder. (Courtesy picture)

MIDLAND On September 6, the Midland Inspires non-profit organization’s board of directors voted unanimously to donate the organization’s remaining assets to local non-profit Fix’s fundraising campaign. West Texas. The total amount was $15,292.18.

Fix West Texas is a Midland-based animal services organization dedicated to preventing unwanted litters, maintaining pet health, and reducing community shelter and euthanasia rates. They provide low-cost neutering, neutering, and preventative medical services in Midland and several West Texas counties. Fix West Texas was a finalist in the 2022 Midland Inspires grant round and was introduced to the women’s group in May.

Midland Inspires, a self-funded women-only philanthropy, was founded in 2019 by Brenda Harrison and Lisa Fielder. Through their efforts, those involved with Midland Inspires have grown to better understand the concept of responsible, lifelong philanthropy in the quest to better Midland.

The group has had initial success with membership development, fund development, and philanthropic education: their members have granted $100,000 to Family Promise of Midland in 2021 and $145,000 to Be the Change in 2022. However, they struggled to recruit volunteers to support the organization, and the Midland Inspires board voted in June of that year to cease operations.

“We are all very sad to be disbanding Midland Inspires, but – after making this difficult decision – we were determined to do it the right way,” said board chair Jonna Smoot. “We notified our members and the community, paid all bills, filed all paperwork, and our final task was to disburse our remaining funds in accordance with Texas law. We share great respect for the compassionate work of Fix West Texas and are thrilled to have such a worthy cause to support.

Ending the story of Midland Inspires with the mere disbanding of it, is a story with a lot of untold things. The Board of Directors consisted of the following individuals: Jonna Smoot, Chair of the Board; Teri Pender, Treasurer; Cheryl Mertz, Secretary, Julie Z. Edwards, Director, Becky Lindemood, Director, Naomi Paredes, Director and Dianne Williams, Director, with Lisa Fielder as Executive Director. There were no paid positions at Midland Inspires during his tenure. It should be noted that Lisa Fielder had been a member of the Board of Trustees, but resigned to take the unpaid post of Executive Director leading to and for the second year scholarship cycle.

The brief timeline for Midland Inspires is as follows:

  • Summer 2020 – July 12, 2021: Member outreach and recruitment efforts have begun with total membership well in excess of the planned 100 members.
  • July 12, 2021 was the night the Year 1 $100,000 scholarship recipient was selected. Congratulations again to Family Promise of Midland. Since then, Cheryl Mertz, our Board Secretary has worked closely with them and Tom Miller as the Board’s First Year Community Liaison.
  • Midland Inspires was released at Celebration of the Arts (COA), July 16-18. The ACO, also a non-profit, was there to share information with the community at large to increase both membership and the volunteer base.
  • Discovery Night, September 21, 2021, was when former Midland Inspires President Ellen K. Ramsey held her first ZOOM meeting. It was the night that made Midland Inspires a Year 2 finalist. MI members came, listened and narrowed down the categories of award recipients to three of the following five:

The scholarship categories were presented for consideration at the Discovery Night meeting as follows: Midland’s Challenges, 2022, presented by Tracee Bentley – President and CEO, Permian Strategic Partnership; Education and Literacy, presented by John Trischitti – Executive Director, Literacy Coalition; Mental Health, presented by Kristi Edwards – CEO, Centers for Children and Families; Public/Societal Benefit, presented by Laurie Johnson – Executive Director, Nonprofit Management Center, and finally COVID 19 Recovery, presented by Grant Billingsley – Executive Director, Scharbauer Foundation.

  • Midland Inspires hosted an online training on October 26, 2021 and November 30, 2021, which were educational workshops designed to help nonprofits file their best grant application possible.
  • Board Outreach with a Board Briefing, December 2, 2021. The evening included the meeting of new board members and then resulted in the election of two board members: Becky Lindemood and Naomi Paredes.
  • The Board Christmas Mixer on December 6, 2021, guests included Year One Community Partner and Family Promise of Midland. Each of the participants in the mix brought gifts to the guest members of Family Promise of Midland to help them start their Christmas season.
  • Board orientation workshop on February 2.
  • Gathering of new members, February 24.
  • Throughout this time, MI has continued to streamline the entire grant review process.
  • A board retreat was held on April 3.
  • Monthly board meetings.
  • During the year, MI also managed to deliver a few big projects, including: a completely updated new website that included a member portal, videos – and finally, as mentioned, a completely redesigned grant, revised and revitalized. The review process was born.
  • According to the Year 2 grant review process, there were: 17 nonprofits that began the grant application process and from there, 14 nonprofits submitted requests; 13 were complete and able to go forward for review. Of the 13 that were considered, they fell into the following categories: one for academic literacy, four for mental health and eight for public good.
  • MI’s Grant Review Committees (GRCs) met three times to review submitted applications: February 13, March 20, and April 18.
  • The RCMP conducted six site visits to several of the applicant organizations. At that time, the second-year finalists were narrowed down to the following organizations: Be The Change; Fix West Texas and The Literacy Coalition of the Permian Basin.
  • On May 23, 2022, after a simple majority vote of Year Two members, the winner of the $145,000 scholarship was announced as: Be The Change.
  • As previously mentioned, the board voted in June 2022 to make the difficult decision to cease operations before any year in which three funds were cashed.
  • The Midland Inspires Board of Directors has filed the appropriate paperwork with the state to dissolve and has requested October 22 as the final dissolution date.

Visa’s profits grow on rising payment volumes and cross-border transactions Tue, 25 Oct 2022 22:19:52 +0000

Visa announced a 10% increase in net income in the fourth quarter of fiscal 2022 thanks to higher payment volumes, cross-border transactions and transactions processed.

The payments company’s net income rose to $3.9 billion in the three months to the end of September, the company said in a filing with the U.S. Securities and Exchange Commission.

Quarterly revenue increased 19% year on year to $7.8 billion.

The company’s net income for the full fiscal year 2022 rose 21% on an annual basis to $15 billion, while its revenue jumped 22% to $29.3 billion. dollars.

“We saw the continuation of many spending trends present throughout 2022 … the strength of consumer payments, the resilience of e-commerce and the continued recovery of cross-border travel, said Alfred Kelly, president and CEO of Visa. .

“These trends contributed to strong results for the full year 2022, with net revenue, net income and EPS [earnings per share] all up more than 20% year-over-year, despite broader macroeconomic uncertainty and geopolitical unrest,” Kelly said.

After the earnings announcement, Visa stock jumped nearly 2% in after-hours trading to $198.1 per share.

The company’s total payment volume for the July-September period increased nearly 10% from the prior year period, while payment volume for the full fiscal year 2022 increased by about 15%.

Total transactions processed, which represents transactions processed by Visa, for the three months ended September 30, were $50.9 billion, an increase of 12% over the period of the year former. For the year as a whole, it was $192.5 billion, an annual increase of 17%.

Services revenue jumped nearly 11% to $3.5 billion in the fourth quarter, while data processing revenue rose 10% to $3.8 billion.

The company’s international transaction revenue rose 52% year over year to $2.9 billion in the September quarter. Other income jumped 13% to $551 million.

Customer incentives, a counter-revenue item, were $2.9 billion and accounted for nearly 27% of gross revenue in the fourth quarter, Visa said.

“As we look to the future, although there is some near-term uncertainty, we remain confident in Visa’s long-term growth trajectory for consumer payments, new flows and value-added services. “said Mr. Kelly.

The company’s cash, cash equivalents and investment securities were $20.7 billion as of September 30.

Last quarter, Visa repurchased 10.8 million shares at an average price of $197.5 per share for $2.1 billion. However, in the 12 months ending September 30, Visa repurchased a total of 56.2 million shares at an average price of $205.97 per share, using $11.6 billion dollars of cash, Visa said in a statement.

As we look to the future, although there is some near-term uncertainty, we remain confident in Visa’s long-term growth trajectory for consumer payments, new flows and value-added services.

Alfred Kelly, Chairman and CEO of Visa

The company had $5.1 billion in authorized funds remaining for stock repurchase as of September 30.

Earlier this month, the board authorized a new $12 billion share buyback program.

They also declared an increase to Visa’s quarterly cash dividend to $0.45 per share payable Dec. 1 to all holders of record as of Nov. 11.

Updated: October 26, 2022, 00:56