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Showing posts with label 2017 at 08:49PM. Show all posts
Showing posts with label 2017 at 08:49PM. Show all posts

Sunday, June 4, 2017

Scientists slash computations for deep learning

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Computer scientists have adapted a widely used technique for rapid data-lookup to slash the amount of computation — and thus energy and time — required for ‘deep learning.’

June 04, 2017 at 08:34PM

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Sunday, May 28, 2017

SAPVoice: 4 Reasons Why Mobile Innovation Demands A Mobile Mindset

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If designed, developed, and delivered effectively, mobility solutions provide unparalleled convenience, speed, and ease of use. However, having a mobile mindset is a prerequisite if we want to drive growth and profitability.

May 28, 2017 at 08:36PM

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from Kaan Turnali, SAP

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SAPVoice: 4 Reasons Why Mobile Innovation Demands A Mobile Mindset

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If designed, developed, and delivered effectively, mobility solutions provide unparalleled convenience, speed, and ease of use. However, having a mobile mindset is a prerequisite if we want to drive growth and profitability.

May 28, 2017 at 08:38PM

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from Kaan Turnali, SAP

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How to Find Your Million-Dollar, One-Person Business Idea

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New Census data reveals the many diverse fields–from carpet cleaning to real estate brokering–where one-person businesses are breaking $1 million in annual revenue.

May 28, 2017 at 08:36PM

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from Elaine Pofeldt, Contributor

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These 100 Secret Societies Prove Who Really Rules America

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And there were so many more, we could have been here for hours… This is just where it starts. Who knows how deep the rabbit hole really goes.

May 28, 2017 at 08:41PM

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from IWB

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Saturday, May 27, 2017

Sunday, May 21, 2017

Middle Market M&A — State-Level Income Tax Is Secretly Going Up Under Tax Reform

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Tax reform is in the works. Most itemized deductions — including state-level income tax — will go away. As such, without a deduction, the net effective income tax rate imposed by states will be higher. This makes planning for state-level income tax that much more important.

May 21, 2017 at 08:38PM

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from Todd Ganos, Contributor

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Sunday, April 30, 2017

SUNDAY SHARE TIPS: Sirius Minerals, Sage and Weir Group

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This week Midas looks at Sirius Minerals, while Questor considers whether Sage is a wise investment and Inside the City ponders where Weir Group is going.

April 30, 2017 at 08:43PM

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VAT will NOT go up under the Tories, says Theresa May

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The Prime Minister made the promise on sales duty as she insisted voters could trust the Tories to reduce their burden.

April 30, 2017 at 08:43PM

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Thursday, April 27, 2017

Discover is on the right track (DFS)

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Discover TPV

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here.

Discover, the smallest of the four major US credit card networks, saw strong progress that nonetheless fell slightly short of expectations in Q1 2017, according to its earnings announcement late Tuesday.

The firm posted solid annual revenue growth, but it will be important for Discover to find ways to navigate and improve its positioning in a particularly competitive credit environment in order to continue on this growth trajectory.

Notably, Discover was able to return its PULSE segment to growth. PULSE, Discover’s debit network and largest segment by volume, had been experiencing consistent declines thanks to shifts in market share. That was bad for Discover, because PULSE’s large size made those losses the firm’s largest performance drag. But right on schedule, PULSE returned to profitability in Q1 2017, posting 4% annual growth, which likely lifted business overall. And the firm sees room for ongoing acceleration in the segment, which could be a long-term boost for the network.

But to maintain growth, Discover will have to continue to improve its proprietary cards.

  • Proprietary cards grew at the same rate as PULSE. Discover’s next largest segment, proprietary card products, grew just 4% as well. But because of strong credit appetite industry-wide, this segment could in theory be growing much faster — something Discover needs to focus on to guarantee ongoing gains.
  • The firm is investing to try to galvanize this spending. Discover has been focusing on attracting new account sign-ups, and then increasing spending on these accounts. Discover continues to invest in programs like Cashback Match and rotating rewards, which help attract new customers as well as encouraging spending among existing customers. This could help it meet its targets, but the firm needs to be mindful of escalating rewards costs to control expenses as it strives to accelerate.

Credit card rewards have become so popular in the US that issuers capture headlines just by launching a new rewards card. And with consumers now caring more about the type of rewards being offered than any other card feature, competition to offer the most lucrative and attractive rewards has intensified dramatically. 

For consumers, the emphasis card issuers place on these cards has resulted in rewards becoming much more worthwhile and widespread, ranging from big sign-on bonuses to free travel. And with offers continuing to get better, consumers will continue seeking out the best rewards cards.

The value added from these cards is undeniable for issuers — in addition to increasing adoption of credit card products, the opportunity to earn rewards encourages cardholders to spend more money. This not only helps to drive up revenue, but also provides issuers an opportunity to mitigate any losses they may be feeling from the Durbin Amendment, which reduced how much fees issuers could charge on debt card transactions starting in 2011. 

But it’s also important to note that offering such high-valued rewards comes at a price — Chase’s Sapphire Reserve card ended up reducing the bank’s profits by $200 million to $300 million in Q4 2016, according to Bloomberg. And as costs continue to rise, issuers will have to adjust to this new landscape by leveraging technology and partnerships to keep consumers engaged without sacrificing profits.

Ayoub Aouad, research analyst for BI Intelligence, Business Insider’s premium research service, has compiled a detailed credit card rewards explainer that walks through the new credit card rewards landscape, which now includes rising consumer demand for rewards, increased opportunity for issuers to drive up usage of their credit card products, and increasing costs. After discussing the evolution that has led to this current landscape, the report analyzes how issuers will have to adjust in order to continue reaping the benefits of offering rewards without sacrificing significant profits.

Here are some key takeaways from the report: 

  • Consumers put tremendous value on credit card rewards, which makes these them a major user acquisition channel for card issuers — almost 60% of consumers rank rewards as a major reason for adopting a credit card
  • By offering high-valued and attractive rewards, card issuers are able to drive up card adoption and usage — JPMorgan Chase reported a 35% increase in new card accounts in Q3 2016, after launching the Sapphire Reserve card.
  • Offering high-valued credit card rewards does come at a high cost to card issuers — the costs associated with offering credit card rewards have more than doubled since 2010 for the six largest card issuers in the US
  • However, major players in the space are already beginning to find ways to cut costs, including rolling back rewards on their most premium products and partnering with well-known brands to develop less expensive, more creative rewards offerings.  

In full, the report: 

  • Identifies the costs associated with offering rewards for issuers and how they have increased over time.
  • Details why credit card issuers continue offering high-valued rewards.
  • Analyzes how the industry has evolved since 2011
  • Explores how credit card issuers will advance in order to continue reaping the benefits of offering rewards without assuming increased costs. 

To get your copy of this invaluable guide, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the payments ecosystem.

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April 27, 2017 at 08:43PM

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from Jaime Toplin

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