Regulatory News: MoneyGram (NYSE:MGI), a leading global money transfer company, and Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced a global agreement to provide MoneyGram services over Gemalto’s LinqUs Mobile Money solution. MoneyGram’s money transfer platform will be integrated with Gemalto’s LinqUs mobile payment platform solution, allowing customers to send international transfers from a mobile phone to one of MoneyGram’s 284,000 locations worldwide or receive transfers directly to their mobile wallet. Gemalto Mobile Financial Services clients, including banks and mobile operators, will be able to connect directly to MoneyGram’s global network and offer convenient and secure mobile remittance services. “MoneyGram is actively developing new mobile and online channels to meet our customers’ evolving needs to access cash quickly, easily and globally,” said Tim Summers, MoneyGram head of global strategic partnerships. “Gemalto has relationships with more than 450 mobile operators and 3,000 financial institutions worldwide. Their extensive experience with global mobile financial services brings a secure environment that extends MoneyGram’s money transfer services to consumers and gives them more options.” Gemalto’s LinqUs Mobile Money solution allows people to use mobile phones to access bank accounts, make payments and peer-to-peer transfers, and buy airtime. Mobile Money services also help connect a broader consumer segment with money transfer options. “Cross-border mobile money transfer has compelling value for senders and recipients worldwide in terms of convenience, reliability and safety,” said Jean-Claude Deturche, Gemalto senior vice president, Mobile Financial Services. “Leveraging consumer trust in MoneyGram and their extensive global reach, we enable our customers to provide their end-users with convenience and flexibility to get money where it’s needed quickly and securely, anywhere in the . . .
Kimberley in the Northern Cape is preparing for an epic skateboarding battle when ten teams from cities and towns across South Africa battle it out in the Maloof All-City Contest on Thursday, 27 September from 11h00 to 16h00, at the Maloof Skate Plaza. To date, teams from Kuruman, Kimberley, Pretoria, Cape Town, Bloemfontein, Jeffreys Bay and Johannesburg have entered the contest, which will see each team member compete in a head-to-head format on various sections and obstacles at the state-of-the-art state park. Top local skateboarders will be seen in action as the four-man teams compete for the total prize money of R14 000. According to Tim McFerran of Maloof Skateboarding, the All-City Contest is a new, unique and innovative twist to skateboarding and is being tried for the first time in Kimberley. “We have always wanted to do all-cities, team-oriented contest, where strategy and co-operation will play an important role. I believe that the growth of skateboarding and the vastly improved skills of the South Africans present a great opportunity to start it right here in South Africa. This will be a fun, yet competitive way to ascertain which city has the best skateboarders in South Africa. Some of our top pro skateboarders from the States will help judge the contest and I am sure we are going to see super-exciting skateboarding,” states McFerran. The Maloof All-City Contest will be a scene setter for the greatest skateboarding event in the world, the Maloof Money Cup skateboarding world championships, which will take place at the Maloof Skate Plaza in Kimberley from 28 – 30 September 2012. The who’s who of street and vert skateboarders will be descending on the province in an attempt to take the biggest prize purse in skateboarding history. The winning city will hold the Maloof All-City title until the next Maloof championship event in 2013. The Maloof Money Cup South Africa is presented by Kumba Iron Ore and is a joint initiative between the Northern . . .
Following international best practice, South African courts are now adopting case management as a valuable tool to achieve speedier dispute resolution. Case management involves court intervention in a process that up to now has been directed almost exclusively by attorneys. In August 2012, at a planning meeting attended by the country's senior judges, a key decision taken was to immediately implement judicial case management so as to involve judges at an early stage to dictate the pace of litigation and prevent postponements and backlogs. According to Willem Janse van Rensburg, Director in the Dispute Resolution Practice at Cliffe Dekker Hofmeyr, “There are basically two models, one of which results in case management through a committee of judges and the other, the more popular South African model, a case manager being appointed to a particular matter.” Janse van Rensburg explains that case management has proven to be very successful in Hong Kong and Canada. The Hong Kong system incorporates a committee of judges and mandatory mediation as part of their system in dealing with the extremely high volume of cases in that jurisdiction. “The Canadian system on the other hand, involves a master in control of their case management system who calls for case conferences on short notice and exerts pressure on the attorneys to avoid delays and tactical abuse of the legal process. His main objective is to work with the parties, using his powers to narrow and resolve issues through facilitated consensus. He has the power, among other things, to extend or abridge deadlines, to confine parties to genuine disputes, to issue interlocutory directives, and, most importantly, to strike pleadings, dismiss actions and award punitive costs, especially de bonis propriis costs (payable out of the attorneys own pocket). “Our courts seem to be leaning towards the Canadian practice, except that judges, rather than a master, manage cases,” he notes. Shanna Gammie, an Associate in . . .
New entry-level color calibration solution provides simple monitor calibration X-Rite, Incorporated, the world leader in color management, measurement and communication technologies, announces a new addition to the ColorMunki family of color calibration solutions – the ColorMunki Smile. Ideal for photo hobbyists, design enthusiasts, gamers and anyone looking for the easiest way to color correct their computer monitors, ColorMunki Smile offers a simple and affordable option. ColorMunki Smile includes a color measurement device and very simple software. Thanks to a wizard-based user interface that uses graphics and video animation, users simply follow the on-screen instructions for a quick and easy calibration process. Users don’t need to know anything about color science to get good quality results with the ColorMunki Smile. “ColorMunki Smile features advanced color measurement technologies that X-Rite is known for while providing beginner color enthusiasts with an easy-to-use solution for calibrating monitors,” said Thomas Kunz, X-Rite’s Market Manager, Imaging. “With the introduction of ColorMunki Smile, users can be sure that their monitors always accurately display the true colors of their photographs, videos, games and web browsing experiences.” Using the same color technology as X-Rite’s professional-level color calibration products, ColorMunki Smile provides color accuracy on commonly used LED and LCD displays. Users can also calibrate multiple monitors to accurately show colors. ColorMunki Smile automatically detects when multiple monitors are connected to a single Mac or PC computer and allows users to color correct each one. ColorMunki Smile is available now from X-Rite (North America) and Pantone online stores and also from the company’s worldwide network of resellers for an MSRP of $99. ColorMunki Smile includes a colorimeter with counterweight, ColorMunki Smile software for calibrating monitors, and Quick Start Guide. For more . . .
LONDON - Tuesday, September 18th 2012 -- Microgen PLC (LSE:MCGN), whose software is used by leading global banks and digital media providers, today announced that RM plc (LSE : RM.) used Microgen Aptitude in the development of the back-office processing solution for RM Books, the first ebooks system designed specifically for schools. In this project, RM used its detailed domain knowledge of the education market to address the obstacles to ebook adoption in schools and leveraged the Microgen Aptitude application development platform to quickly and cost-efficiently develop the new solution. Microgen Aptitude provided a development platform on which the back-office functions of the new system could be rapidly developed. Microgen Aptitude is used to process data from a multitude of publishers’ book catalogues, calculate pricing, manage customer data such as purchasing history and sales credits, and track the royalties payable on the content licensed as part of an ebook rental or purchase. Microgen Aptitude is used by some of the world’s leading digital media companies to manage the complexities of such applications and process the large transaction volumes often associated with these solutions. “In launching RM Books it was important that we were able to develop it quickly and efficiently. The Aptitude product provides an enterprise development platform that allows effective collaboration between the business and the development team enabling significant efficiencies to be gained during the development process,” stated Dave Pearson, Director of Product Marketing, RM; “We are also confident that the high transaction processing capability of the product will allow us to scale the service in the future.” “Many existing media providers struggle to deliver new innovative digital services because traditional application development approaches require enterprises to install expensive software and associated development teams. This approach is cost restrictive and . . .
The 8th Standard Bank-PAST Keynote Lecture will be presented by Prof Nina Jablonski, who will discuss Skin: Its Biology in Black and White at the Soweto Theatre on 19 September 2012, at 18:30. Universally recognised as the most important independent source of support for origin sciences research and education in Africa, the Palaeontological Scientific Trust (PAST) has been promoting and preserving southern Africa’s rich fossil heritage since its inception in 1994. Whilst retaining this core focus; PAST’s newest initiative, Scatterli ngs of Africa, is an ambitious effort to expand the organisation’s mission across Africa; through its seven successful programs which integrate education, research, and public outreach activities in the origin sciences. The annual Keynote Lecture has formed an integral part of the Standard Bank’s longstanding support of PAST and has become a much-anticipated calendar event in Johannesburg. In line with PAST’s Scatterlings of Africa pan-African development campaign, and its drive to utilise the origin sciences to underscore the scientific evidence that we all share an African origin, this year’s lecture will address the origin and function of skin colour. Skin colour is a biological characteristic loaded with cultural meaning. Skin pigmentation itself is a biological adaptation that regulates the penetration of ultraviolet radiation (UVR) into the skin. It is an evolutionary compromise between the conflicting demands of protection of the skin against UVR and of production of vitamin D by UVR. This compromise represents one of the best examples of evolution by natural selection acting on the human body. In the history of the genus Homo and of our species, Homo sapiens, skin pigmentation has been a highly changeable characteristic. Similar skin tones have evolved independently numerous times in response to similar environmental conditions. Skin colour is thus an entirely inappropriate characteristic for grouping people according to . . .
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced it signed a strategic cooperation agreement worth $40 million with Mobitel of Sri Lanka. The agreement was signed in the presence of China’s Chairman of the Standing Committee of the National People's Congress Wu Bangguo and Sri Lanka’s President H. E. Mahinda Rajapaksa during Mr. Wu’s recent visit to Sri Lanka. According to the agreement, ZTE will deploy over 700 2G/3G/4G LTE base stations and transmission equipment for Mobitel’s Stage VII Mobile Network Expansion Project. Upon completion of the project, it will be South Asia's first commercial 4G (FDD-LTE) network. ZTE became the major telecommunication equipment vendor for Mobitel after the successful completion of the Stage VI Mobile Network Expansion Project in June 2012, the largest expansion project in the Sri Lankan telecommunications sector. “We are happy ZTE successfully completed the largest stage of our network expansion, which involved 2G and 3G Base Stations at over 1,000 sites, in record breaking time,” said Mobitel CEO Mr. Lalith De Silva. “The next major development in our technological footprint through this new expansion will be the introduction of the latest long term evolution (LTE) standard, which will be the commercial deployment of 4G Mobile Technology.” “The fact that Mobitel awarded ZTE with the Stage VII Expansion contract shows that we’ve achieved a world-leading position with our innovative products and reliable services,” said ZTE Senior Vice President Mr. Zhang Renjun. " We are very happy to help Mobitel roll out the first ever FDD-LTE based commercial 4G mobile network in South Asia and further strengthen its leading position as the preferred mobile service provider in Sri Lanka." ZTE products have been widely used in Sri Lanka with the company’s overall revenue . . .
Donation will reach 10,000 students on four continents MoneyGram hopes to put smiles on the faces of 10,000 children around the world, while bringing them closer to their education goals, through an effort with World Vision to provide new school supplies in more than a dozen countries across Africa, Asia, Eastern Europe and Latin America. To kick off the new school year, which begins closer to the start of the calendar year in many countries, MoneyGram (NYSE:MGI) selected World Vision to receive a $100,000 donation in support of education in countries with the greatest identified need. “Education is the first step to a productive life, which is why many MoneyGram customers working in other countries use our service to send money home to help their families prepare for the new school year,” said Juan Agualimpia, chief marketing officer of MoneyGram. “We’re pleased we can bring families closer together through our services, and especially happy to support education in communities where we work and live throughout the world.” MoneyGram employees in Kenya, Romania, and the Philippines will personally distribute school supplies to students in need. Children in additional countries where World Vision works will also benefit from this donation, including children in Albania, Ghana, Haiti, Laos, Rwanda and Vietnam. “These areas are in particular need of school supplies, and we are so thankful for MoneyGram’s generous donation. It will give thousands of children the basics they need,” said Jeff Eichenlaub, the charity’s senior director of global corporate partnerships. “We’re also glad to see MoneyGram employees get involved in the distribution of supplies, so they can witness first-hand the important benefit of these efforts and see the difference they’re making in children’s lives.” MoneyGram donated to World Vision because of the organization’s focus on fighting poverty by increasing educational opportunities for children in more than 100 countries around . . .
Local Presence and Proactive Regulatory Approaches Needed A new Economist Intelligence Unit report sponsored by Quintiles concludes that “China is a complex market that can yield pro?ts to those companies that jump in with both feet, adapt to the realities of doing business in China, and actively protect their interests in this dynamic business environment.” The report, titled Emerging China is the third of four in the Quintiles-sponsored series, Reinventing biopharma: Strategies for an evolving marketplace.* Findings are based on surveys of life sciences executives. In the latest report, more than half (56%) said that maximizing opportunities in China was one of their company’s top priorities. The report’s key findings include: China is projected to be the world’s second largest biopharma market as early as 2016, behind only the United States; A local presence in China has translated into success for biopharma companies: 61% of respondents with operations in China had sales that met or exceeded moderate-to-high expectations in the last three years, compared to just 36% for those with no such operations; Low income levels among Chinese households (60% of China’s 403 million households had an annual income over $5,000 in 2011) and patchy market data can create unique challenges for biopharma who are more used to operating in developed markets; Proactively adapting to the regulatory environment can save time and money; companies often find that obtaining approval for new medications can take five years longer in China than in other markets, and innovative strategies are required. “The projected growth rate in China of 19% year-on-year between 2009 and 2016 is due mostly to rising incomes and an ageing population, providing an opportunity that the industry cannot afford to miss,” said Paul Kielstra, Ph.D., Author, EIU. “The new report’s findings echo our own experience in China – it’s essential to ‘understand local, think local and be local,’” said . . .
The Western Union Company (NYSE:WU), a leader in global payment services and new Global Partner of the UEFA Europa League, and the Western Union Foundation, today announced they will turn every successful pass in this season’s competition into funding to support one day’s education for young people around the world. Called PASS, the initiative will be fronted by former international football star Patrick Vieira and start during the Group Stage of the UEFA Europa League Season 2012/13, which kicks off on September 20 across Europe. The initiative aims to reach one million school days over the next three seasons and builds on the work the company has already done to support education globally. “Moving money for better is at the heart of what we do, and education is one of the main reasons our customers send money,” said Hikmet Ersek, Western Union President and CEO. “According to UNESCO1, 71 million bright, hardworking students globally are not enrolled in secondary or vocational education. It’s a tremendous loss of economic and human potential, since each extra year of school can increase an individual’s potential economic opportunity. Through PASS, we intend to harness the power of football to build awareness of this challenge as well as deliver on-the-ground support that will make a difference to young people and their communities.” The initiative will provide teacher training and student scholarships through nonprofit, nongovernmental organizations (NGOs), with an initial focus on eleven countries – Brazil, China, Colombia, Jamaica, Mexico, Morocco, Nigeria, Senegal, Romania, Russia and Turkey. “Where I come from, opportunities for a quality education are rare,” explained Vieira the former AS Cannes, AC Milan, Arsenal FC, Juventus, FC Internazionale Milano, Manchester City FC and French international player, who was born in Senegal before moving to France at the age of eight and is currently football development executive at Manchester City . . .