Dear Grandma – Here are 5 things you need to know about EMV Cards

first_img 63SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr As the October 1, 2015, date for EMV liability shift looms, it seems like everyone is gearing up for this momentous event. Banks are issuing new EMV chip cards, merchants are installing new terminals, cashiers are receiving new instructions, and so forth. Everyone is getting ready — except us consumers. Many of us have received our new cards (I got mine just last week from Chase) but are not quite sure why they were sent since the old ones haven’t expired, and we wonder how the in-store shopping experience will change. I was trying to explain it to my neighbor yesterday when he interrupted me. He said, “Pretend you are explaining it to my grandma, because I will need to relay it to her. What are the top five things she will need to know about the new EMV cards?”OK, so here goes:EMV is designed to reduce in-store fraud. The chip in the EMV card is designed to prevent most counterfeit card fraud because the information it contains is dynamic. When used in stores, the chip “talks with the terminal” to authenticate the card and complete the transaction. If the magnetic stripe on a card is used, then the terminal is reading static account information that can be easily copied to make a counterfeit card. EMV cards can’t help with online transactions because the chip is not being used.Not all merchants will use the chip, at least not right away. Some merchants will ask you to “dip the chip,” which is industry lingo for “use the chip.” Other merchants will continue to use the magnetic stripe to “swipe” a transaction the old-fashioned way. Big chain stores such as Walmart, Target, and Home Depot have announced that they will install EMV terminals. The local dry cleaner or bakery is likely to continue to “swipe” transactions. The pumps at gas stations won’t be updated until 2017. It is important to understand that when fraud occurs on a magnetic-stripe card today, the issuing bank bears the cost. However, with the EMV liability shift on October 1, the fraud liability cost can shift to the merchant, depending on who is the weakest link in a transaction. If an EMV chip card is “swiped” at a merchant starting October 2, all fraud costs related to that transaction will shift to the merchant because it is not using the chip to authenticate the card. If the merchant uses an EMV terminal with an EMV card, then the fraud liability will stay with the issuer (the fraud will be greatly reduced, however). Because of the liability shift, large chains such as Walmart have a financial incentive to upgrade their terminals to accept EMV cards despite the cost of the upgrade. Unfortunately, in-store card fraud is likely to shift from the big chains to small merchants who may not be aware of the pending liability shift or cannot afford to upgrade their terminals. continue reading »last_img read more

Leading wicket-takers in Test matches

first_img(REUTERS) – The 10 leading Test wicket-takers, after England’s James Anderson claimed his 600th victim yesterday.Muttiah Muralitharan (Sri Lanka) – 800 wickets in 133 matchesShane Warne (Australia) – 708 wickets in 145 matchesAnil Kumble (India) – 619 wickets in 132 matchesJames Anderson (England) – 600 wickets in 156 matchesGlenn McGrath (Australia) – 563 wickets in 124 matchesCourtney Walsh (West Indies) – 519 wickets in 132 matchesStuart Broad (England) – 514 wickets in 143 matchesDale Steyn (South Africa) – 439 wickets in 93 matchesKapil Dev (India) – 434 wickets in 131 matchesRangana Herath (Sri Lanka) – 433 wickets in 93 matcheslast_img


first_imgAn Independent county councillor is calling on the people of Donegal to support a 24 hour protest outside the offices of Junior Minister Joe McHugh.Minister Joe McHughCan’t Pat Won’t Pay spokesman Micheal Mac Giolla Easbbuig said the protest will start at noon this Friday and continue until the following day.He said the Minister needs to come out and support a motion to abolish water charges which was supported by his own party at county council level in Donegal. Cllr Mac Giolla Easbuig said “The Minister needs to make his position clear and allow the people of Donegal to see where he stands on this issue.“He needs to come out and support the people who elected him.“By not doing that there will be more pressure on him retaining his seat. And I would go as far to say that by not coming out and supporting the people could cost him his seat,” he said.Minister McHugh meets with members of the Glenties Municipal area today which Cllr MacGiolla Easbuig described as the perfect opportunity for him to come out and state his position on the water issue. 24 HOUR PROTEST PLANNED FOR MINISTER McHUGH’S LETTERKENNY OFFICE was last modified: November 17th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Warriors execute late and more takeaways from Friday’s 100-98 win over the Bulls

first_imgCHICAGO — After two of the most disappointing losses of the season, the Warriors walked into United Center Friday night desperate for more than a moral victory.The Warriors beat to the Bulls, 100-98, to salvage a five-city trip during which they went 1-4. After fading in the second half of the last two games, losing by a combined 40 points to sub-.500 teams, the Warriors (5-19) were in position to win late, and executed.“Our guys have been fighting hard and competing all season long. The …last_img

Legend Slater rules J-Bay again

first_img19 July 2008American surfing legend Kelly Slater added yet another chapter to his storied career by convincingly winning the 2008 Billabong Pro at Jeffreys Bay. The victory puts him in prime position to lay claim to an unprecedented ninth ASP World Title after his fourth win in five events this year.Unfazed by the difficult conditions created by the fresh onshore wind that chopped up the waves at Supertubes, Slater’s superior wave selection and decision-making on the waves he rode left reigning ASP world champion Mick Fanning still needing to improve both of his counting waves when the siren sounded to end the final.‘I was lucky’“I was lucky in the final; I got a wave under Mick’s priority that turned out to be my best score,” Slater said on the podium. “In conditions like that you need to go on anything that looks like you can get three manoeuvres in.”Slater earned $30 000 (approx R225 000) and 1 200 ratings points, giving him a lead of 1 268 points over second placed Joel Parkinson in the 2008 rankings.With six events still to be run, the Floridian has yet to be beaten by any of his World Tour opponents, having lost to a wildcard in the Billabong Pro Tahiti – the only event he didn’t win.Mandela sculptureSlater’s name went onto the Billabong Pro J-Bay trophy for a record fourth time and was presented with a sculptured bust of former South African President Nelson Mandela, chosen by the organisers to celebrate Madiba’s 90th birthday.“What an honour,” Slater exclaimed when presented with the trophy. “Happy birthday Madiba, you’ve been an inspiration to us all.”Despite feeling that he could have won the event, Fanning was gracious in defeat, congratulating Slater on his victory. He vowed to use his second place finish, and jump from seventh to fourth on the ratings, as a springboard to challenge for honours in the upcoming events.“I guess it’s not over ’til it’s over,” Fanning said of the 2008 world title race. “But it’s going to be like climbing Everest and he (Slater) is halfway up the hill.”Biggest wavesAfter three days of awesome conditions for the opening rounds of the 2008 Billabong Pro, the final day started out with the biggest waves of the event, giving the 12 remaining contenders the opportunity to perform their entire repertoire of manoeuvres on rides lasting more than 300 metres.Fanning and former world champions CJ Hobgood and Andy Irons were joined by defending event champion Taj Burrow in making it a clean sweep of the top eight seeds into the quarterfinals.In round four, Burrow eliminated Jordy Smith, the last South African left in the event, sending the Durbanite home with equal ninth place overall. Smith, in his rookie year on the ASP World Tour, jumped from 19th to 16th on the ratings.After a windless start, a north-east onshore breeze started ruffling the faces of the waves during the quarterfinals where current world number two Parkinson got the better of world number three Bede Durbidge. Slater overcame world number four Adriano de Souza, Fanning eliminated Hobgood, and Burrow stayed on track for a second successive victory by edging out Irons.SemifinalsBy the semifinals the wind had increased in velocity and, despite Parkinson starting out with the highest score of their match-up – an outstanding 9.17 out of 10 – Slater chipped away at the lead with rides of 8.0 and 7.0. When the Aussie failed to find anything better than a 5.0 for his second counting ride, Slater was into the final.The second semi went Fanning’s way thanks to an opening 7.67, followed by an excellent 9.17, while Burrow’s best two rides in the 30-minute encounter earned 6.0 and 5.83.Californian Taylor Knox was the recipient of the WTA prize of a custom handcrafted Nixon timepiece valued at US $10 000 for the highest heat tally of the event. He racked up 19.70 points out of a possible 20 in Round 1 action last Thursday, claiming the winner-takes-all award for near perfect rides of 9.90 and 9.80.SA’s nemesisTaj Burrow’s spectacular form throughout the event prevented three of the five South African contenders from posting a serious challenge in their home event. Burrow beat wildcard Rudy Palmboom Jr. in round one, eliminated Royden Bryson in round three, and Jordy Smith in round four.Travis Logie was a victim of Slater’s victory charge, bowing out in round three, while Ricky Basnett, who has yet to win a single heat in 2008, was sidelined by Jeremy Flores in round two.Billabong Pro Jeffreys BayFinal Kelly Slater (USA) 16.73 def Mick Fanning (AUS) 9.40 Semifinals SF1: Slater 15.00 def Joel Parkinson (AUS) 14.17SF2: Fanning 16.84 def Taj Burrow (AUS) 11.83 Quarterfinals QF1: Parkinson 17.74 def Bede Durbidge (AUS) 14.00QF2: Slater 15.17 def Adriano de Souza (BRA) 9.84QF3: Fanning 14.27 def C J Hobgood (USA) 9.60QF4: Burrow 13.57 def Andy Irons (HAW) 8.47 2008 ASP World Tour Ratings 1. Kelly Slater (USA), 52102. Joel Parkinson (AUS), 39483. Bede Durbidge (AUS), 37824. Mick Fanning (AUS), 37535. Taj Burrow (AUS), 36386. Adriano de Souza (BRA), 35407. C.J. Hobgood (USA), 34608. Andy Irons (HAW), 33389. Bobby Martinez (USA), 302810. Adrian Buchan (AUS), 2884 South Africans 16. Jordy Smith, 224534. Royden Bryson, 168039. Travis Logie, 149544. Ricky Basnett, 1125 SAinfo reporterlast_img read more

Tsvangirai calls for unity in Zimbabwe

first_img12 February 2009New Zimbabwean Prime Minister Morgan Tsvangirai has pledged to rebuild the country, and has called for unity of purpose among its people to help the transitional government deal with the country’s many challenges.In his first public address since taking up the post, Tsvangirai said there would be no turning back on the political agreement the country’s top political parties had entered into.“We know it is not a perfect agreement, but it is a workable one,” he said in Harare this week, to the applause of thousands who braved the rain to witness a historic moment for the country.“It will take time, commitment and unity of purpose to rebuild our country,” he said, warning that without national healing, there could never be progress in confronting the seemingly insurmountable challenges Zimbabwe was facing.The party leaders are expected to put together a 31-member cabinet by Friday this week, a timeline set for them by the Southern African Development Community, which helped broker the power-sharing deal.Transitional government goalsTsvangirai said the transitional government would prioritise democratisation first, deal with the humanitarian crisis, beginning with the cholera outbreak and food crisis, and ensure the rejuvenation of the economy, which was once one of the most robust on the African continent.“The economic collapse has caused many people to flee the country and seek menial jobs elsewhere, for which they are over-qualified,” he noted, adding that serious efforts would also be made to deal with problems in the health and education sectors.Tsvangirai further pledged to promote a free and democratic society and rid the government of corruption, adding, however, that this could only be achieved with the support of the region, the African Union and the international community.In addition, he said that as prime minister, he would ensure the separation of party and government business: “We must look at the problems facing Zimbabweans first,” he said, adding that transparency and openness, beginning with the leadership of the government, would ensure its success.He added that everyone had to play a part and support the all-inclusive government to ensure that the power-sharing deal signed by President Robert Mugabe and the two MDC factions was a success.Payment in foreign currencyTsvangirai said that all civil servants would be paid in foreign currency starting this month, in a move aimed at cushioning workers against hyper-inflation. Civil servants, he said, were the backbone of the government, hence the need for the all-inclusive government to urgently address their concerns.“By the end of this month, all civil servants will start receiving their salaries in foreign currency until a situation where we are able to sustain ourselves,” he said, adding that most civil servants, including nurses, soldiers and the police, had in recent years stopped going to work as their salaries were not enough to cover their daily needs.Tsvangirai urged all civil servants, particularly teachers who had stopped working over meagre salaries, to report for work on Monday, as the transitional government would address their needs.Source: BuaNews-NNNlast_img read more

Anzisha Prize offers a million to African entrepreneurs

first_imgOver a million rand is up for grabs to winners of the Anzisha Prize. Weeklong training in Johannesburg is planned for the 12 young African entrepreneurs, who range in age from 18 to 22, shortlisted for the prize before the awards ceremony. Training includes entrepreneurial leadership, mentorship and a significant transfer of skills. Mabel Suglo, a 21-year-old Ghanaian, is one of the 12 finalists for the Anzisha Prize, to be handed out on 17 November 2015. Her business makes shoes from discarded tyres. All her employees are disabled people. (Image: Screengrab via YouTube) Melissa JavanSome 12 young entrepreneurs from nine African countries will participate in a training workshop between 10 and 18 November at the African Leadership Academy (ALA) in Johannesburg – and also stand a chance to win the Anzisha Prize of $75 000 (about R1.033-million).The winners of the Anzisha Prize will be announced on 17 November. This event will coincide with Global Entrepreneurship Week (GEW), which is held to celebrate entrepreneurship. During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators, reads the GEW website.“These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors – introducing them to new possibilities and exciting opportunities.”About the Anzisha PrizeThe prize pilot was run as the African Leadership Innovation Prize in 2010. Its aim was to recognise innovative youth in Africa. Following its success, the Anzisha Prize was established in 2011 to recognise entrepreneurship and community impact by African youth. Grace Kalisha is the senior programme manager of the African Leadership Academy and the manager of the Anzisha Prize. (Image: African Leadership Academy)This would be the fifth year that the Anzisha Prize awards was held by the ALA, said Grace Kalisha, the senior programmes manager of the ALA and the manager of the Anzisha Prize. “The Anzisha Prize awards are beneficial to Africa, because [they raise] the profile of African youth entrepreneurs as role models for other youth.“We are propagating an African dialogue around truly African-relevant models of entrepreneurship in sectors that are relevant for Africa. We see youth entrepreneurship as an essential part of improving livelihoods for youth,” she added.This year’s awards would be different. “We will be inviting fellows from our past cohorts to join in the awards ceremony and [to] speak on a panel to elucidate their journey, lessons and successes so far.”Watch the introduction of the Anzisha Prize:Watch Thato Kgatlhanye, a fellow of 2014, talk about how entrepreneurship changed her life:The finalistsThe 12 finalists – who range in age from 18 to 22 – were selected in September for the Anzisha Prize. According to a press release from the organisers, the selection process was rigorous: there were almost 500 applicants, of whom 77 were shortlisted for phone interviews; 23 were then prioritised for site visits. The final 12 now stand a chance to win a share of $75 000. The grand prize winner will take home $25 000.Watch the 12 finalists explain their projects:The finalists are invited on an all-expenses paid entrepreneurial leadership training and coaching programme, held at the ALA in Johannesburg. During the training week the Anzisha finalists learn more about entrepreneurial leadership, receive mentorship and a significant transfer of skills that will ultimately benefit the growth of their venture. “We provide them with access to business leaders as mentors, expose them to a strong curriculum and enable them to engage with each other to build lasting relationships,” said Kalisha.A panel of five experienced professionals from the business and social sectors, who represent a holistic view of contributors to the dialogue around youth entrepreneurship in Africa, will judge the finalists.Kalisha said the five judges would make their decision on the winners during the week. “There is a presentation and deliberation session to be held on 16 November, during which they make the decision. The actual announcement is made at the awards gala on 17 November.”The finalists and their businesses, in no specific order, are:Daniel Mukisa, 21, Uganda – motorbike delivery service in Kampala;Chantal Butare, 21, Rwanda – dairy co-operative that empowers female survivors of genocide;Blessing Fortune Kwomo, 20, Nigeria – health care solution for low-income families;Karidas Tshintsholo, 20, South Africa – clothing brand making a difference;Fabrice Alomo, 22, Cameroon – empowering local merchants;Hidaya Ibrahim, 22, Ethiopia – improving the local education system;Chris Kwekowe, 22, Nigeria – e-learning and skills development;George Mtemahanji, 22, Tanzania – lighting up rural areas with solar energy;Mabel Suglo, 21, Ghana – making shoes from discarded tyres;Vanessa Zommi, 19, Cameroon – processing tea to treat diabetes;Farai Munjoma, 18, Zimbabwe – accessing courseware content, past exams and career guidance; and,Sirjeff Dennis, 21, Tanzania – community development through poultry farming.last_img read more

Students might have to undertake 60 minute of compulsory physical activity in school

first_imgThe Union Human Resource Development (HRD) ministry is considering the recommendation of a group, which if accepted, will make it mandatory for school students to indulge in 60 minutes of physical activity every day.As per HT report, the two-day ‘Chintan Shivir’ witnessed separate groups comprising of civil society activists and officials of the state governments and Centre hold deliberations on themes of digital education, life skill education, experimental learning, physical education and value education.Value educationCreation of a network of model schools that could impart value education was also proposed during the workshop.A senior ministry official said, ”Physical education should be an integral part of overall education and it has been proposed that it should be viewed as a core part of school education just like academics. One hour of physical activity everyday for all age-groups has been recommended by the group.”National physical education development fund The group that held discussions on physical education was headed by Kendriya Vidyalaya commissioner Santosh Kumar Mall. It also recommended that students’ fitness levels should be assessed and a national physical education development fund under the HRD ministry should be established.”The group has also recommended development of community coaches through indexing so that schools would know which area a particular coach resides in and they can seek their help. Also, a number of community and wedding halls remain vacant when they are not in use so they can also be utilised for sports,” said another HRD functionary.Read: HRD Minster Prakash Javadekar on NCERT survey exam: Education reforms expected after NAS results  NAS results advertisementRead: ‘Mo School’ Campaign announced by Odisha government to connect to childhood memorieslast_img read more


first_imgIowa Senator Chuck Grassley is addressing President Trump’s tweet on Sunday about four Democratic Congresswomen that stated the four black, Muslim or Hispanic women should “go back and help fix the totally broken and crime infested places from which they came.”Grassley did not specifically call the comment racist, but did address the topic.Audio Player Up/Down Arrow keys to increase or decrease volume.OC………”called out for it”. :12Democrats in the U-S House say they’ll pass a resolution condemning the president’s tweet as racist.Grassley, a Republican, is remaining on the fence.Audio Player Up/Down Arrow keys to increase or decrease volume.OC………”the president”. :11Reports say Iowa’s other U-S Senator, Republican Joni Ernst, when asked Monday if she thought Trump’s comment was racist, said, “Yeah, I do.”Trump said Tuesday “There’s not a racist bone in my body”.last_img read more

Narendra Modi and Rahul Gandhi unite before Lok Sabha elections Link found