Advantages of a single processing partner

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr As a credit union, you are competing for your members’ business every time they visit an ATM, swipe a card or sign on the dotted line. To make sure payment transactions are fast, easy and secure for members, you rely on a complex array of processing technologies.And if you have a proven track record with different vendors for debit, credit and ATM payment processing, you may be reluctant to “mess with success.” However, maintaining this multi-vendor paradigm may be holding you back.According to Lynn Kneebone, director of national sales for CO-OP Financial Services, credit unions don’t typically contract multiple payment processors by design. More often than not, it is a dynamic that occurs over time. continue reading »last_img read more

Nordic pension fund tenders $150m GEM mandate using IPE-Quest

first_imgIt also requires an all-cap strategy, unconstrained versus the benchmark, with the ability to have a 0% weight in large benchmark stocks and large benchmark countries.The investor said fund managers must be prepared to take quarterly meetings to discuss portfolio and market developments, positioning and performance.It added: “We are not looking for an income strategy, a deep-value strategy, an EM consumer strategy or a managed volatility strategy.“Strategies that have been created due to an existing strategy having reached full capacity will not be considered for this mandate.“We are long-term investors and aim to obtain a deep understanding of our external managers’ performance drivers, investment philosophy and process.”The mandate calls for a minimum tracking error of 4%, using the MSCI Emerging Markets IMI Net TR as benchmark.Fund managers must have a track record of at least three years, preferably six.Applicants should state performance, gross of fees, until the end of 2013.The closing date for applications is 20 March.The IPE.com news team is unable to answer any further questions about IPE-Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE-Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email [email protected] A Scandinavian pension fund has tendered a long-only global emerging markets equity mandate using IPE-Quest.According to search QN1395, the initial mandate size will be $150m (€109m), but the investor expects to increase this amount.The mandate is likely to be a segregated account, but managers should also state whether “a UCITS fund is available”.The investor is looking for a boutique with a strong focus on emerging markets, and calls for a fundamental, active approach, a proven process with a strong valuation framework, a solid long-term track record and a relatively low turnover.last_img read more

Construction Begins on K Line’s LNG-Powered Car Carrier

first_imgJapanese shipbuilder Imabari Shipbuilding has started construction works on an LNG-powered car carrier for compatriot shipping company Kawasaki Kisen Kaisha, Ltd. (K Line).The works started after K Line placed an order for the ship in December 2018.Imabari is scheduled to deliver the 199.9-meter newbuild in the fall of 2020.According to K Line, the yet-to-be-named 73,800 ton ship will have a capacity to carry 2,020 vehicles and will sail under the flag of Japan.K Line said the decision to build a LNG-fueled car carrier was part of the company’s long-term environmental management vision called the “K” LINE Environmental Vision 2050 “Securing the Blue Seas for Tomorrow.”The company started introducing environmentally-friendly vessel into its fleet with the 2016 launch of Drive Green Highway, a car carrier equipped with energy-saving technologies and SOx scrubbers.last_img read more

Leising: Indiana District 42 unemployment remains low

first_imgOldenburg, In. — Indiana’s unemployment rate has remained lower than the national average for more than four years. In August, Indiana’s rate was 3.5 percent, and the national rate was 3.9 percent.At this rate, we also continue to outrank our neighboring states, with Michigan at 4.1 percent, Illinois at 4.1 percent, Ohio at 4.6 percent, and Kentucky at 4.4 percent.Many counties in Senate District 42 also outrank our neighboring states. Below are the unemployment rates of each county in the district in August 2018.Decatur: 3.2Fayette: 5.2Franklin: 3.9Henry: 3.8Ripley: 3.8Rush: 3Shelby: 3.4Click here to view the full report.last_img