Idyllic school – The Idyllists Sun, 12 Jun 2022 21:10:24 +0000 en-US hourly 1 Idyllic school – The Idyllists 32 32 Who really pays with buy now, pay later companies like Klarna and Affirm: NPR Sun, 12 Jun 2022 21:10:24 +0000


If you’ve shopped online recently, you might have seen an option that would let you pay some now and the rest later, interest-free. Buy now, pay later Businesses have exploded in popularity during the pandemic. Klarna, Afterpay and Affirm are just a few of them. Now Apple is getting in the game with Pay Later. So what’s behind this trend, how does it work and who is actually paying? For that, we called Alexi Horowitz-Ghazi of Planet Money. He looked at buy-now-pay-later services in a recent episode of Planet Money. Alexis, welcome.

ALEXI HOROWITZ-GHAZI, BYLINE: Thanks for inviting me.

THOMPSON: So buy now, pay later sounds simple, but is it? Can you explain to us how these services work?

HOROWITZ-GHAZI: Of course. So buy now, pay later is a form of consumer credit – like credit cards or payday loans or other things that we’ve seen – but it’s sort of a new form. So the way it works is you’ll be shopping online or increasingly at more and more IRL stores and instead of paying the full price with a credit card or debit card or something, you will be offered a buy now, option to pay later. Usually it’s this four-part payment model, which means they’ll ask for installment payments. You’ll pay the first installment immediately using, you know, whatever bank account or credit or debit card you want. They’ll take that upfront payment, and then you pay them back in regular installments. And everything is irrelevant. It works much like an old-fashioned layaway, except with buy now, pay later, you get what you buy immediately.

THOMPSON: So how do companies make money if there’s no interest? Someone gets paid.

HOROWITZ-GHAZI: That’s true. So generally lending money is profitable due to a combination of interest and fees or perhaps collateral. There is no warranty with these things. They’re not going to repossess your Nike sneakers and try to resell them to recover, you know, your missed payments or whatever. And there is no interest, as you mentioned. And the fees, although there are late fees and there are forms of interest that kick in if you repeatedly fail to pay, the fees really aren’t that high. And that’s not the center of the business model. The way these companies make their money is that they collect fees from merchants – so the companies that sell you the goods you buy online or in person. And they charge between 4 and 9.5%, which can be much higher than what credit cards usually charge, which is between 2 and 4%.

THOMPSON: If the merchant has to pay these fees, do merchants pass these fees on to the consumer through higher prices?

HOROWITZ-GHAZI: Presumably it’s happening to some extent, but it’s still just the beginning for this model. And for the most part, it seems like the model is actually working for everyone involved, because what the buy now, pay later businesses are offering these merchants is the promise of a lot more sales. So they’re bringing in a bunch of new customers, people who maybe haven’t used credit cards or might be a little allergic to the idea of ​​using credit – so a lot of Zoomers and the millennials who grew up in the aftermath of the financial crisis and just don’t want to use credit cards – and people who, you know, might have thin credit histories or bad credit and might otherwise not not have access to things like credit cards and other forms of loans. So they’re bringing in new people, and then also there’s something in the psychology of sort of breaking down the total price into those installments – into those smaller installment prices that make people a little less hesitant to complete their order – you know, to click buy when they’re at the end of their purchase, when they’re at checkout.

THOMPSON: So you know the old adage, don’t you? – that if it sounds too good to be true, it probably is. Where can this go wrong for the consumer?

HOROWITZ-GHAZI: That’s true. So, you know, it’s – these payments are interest-free, which means it can be pretty cheap money, you know, if you meet all the terms and conditions of the loans. The problem with these is kind of the flip side of being outside the normal credit reporting system. This means it’s easier to get these buy now, pay later loans early. But that also means that each of those loans isn’t reported to any sort of central repository, which means you can take out, you know, five or six different loans from five or six different companies without any of they don’t know. That means you can get into all that payout whirlwind and get in trouble pretty quickly.

And that’s one of the things that raised red flags for, you know, consumer groups and regulators. Last fall, the House Financial Services Committee of Congress held a hearing on all of this. And right now, the Consumer Financial Protection Bureau has opened an investigation into the buy now, pay later industry. They examine the risk to consumers of overextending themselves, what types of data are collected by these companies and how they are used, and how these services fit into existing regulations for other types of credit products.

THOMPSON: Why do you think, Alexi, this practice took off during the pandemic?

HOROWITZ-GHAZI: Well, buy now, pay later companies started in places like Australia and Scandinavia, and they kind of grew over the years. They came to the United States largely around 2015, and they were kind of at that moment of critical mass right at the start of the pandemic. They were starting to get picked up by bigger and bigger companies, eventually places like Amazon and Walmart and Target, which exposed them to a lot more people. And that happened just as a lot of lockdowns were happening, and a lot of people were turning to the internet and online shopping as a form of retail therapy or just a place to find basic essentials so that they were struggling to figure out how to work from home. And that sort of hovered over this huge explosion in online shopping that’s happened over the years since the pandemic began. It has become a new and increasingly convenient way for people to shop online.

THOMPSON: Some sort of accidental explosion.

HOROWITZ-GHAZI: Yes. I would say it was good timing and a lot of trading strategies came at the right time.

THOMPSON: It was Alexi Horowitz-Ghazi, host and reporter for NPR’s Planet Money. Thank you, Alexis.



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Cost of living crisis: Glasgow 4th hardest hit city in UK Thu, 09 Jun 2022 09:30:27 +0000 Glasgow residents are among the hardest hit in the UK by the cost of living crisis, a study has found.

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Food, energy and fuel prices have all skyrocketed in recent months, leaving people struggling with ever-larger bills and leading them to seek cost-cutting measures.

A study was carried out using search engine data from the last three months of search engine tools Ahrefs, Google Keyword Planner and KWFinder, looking at key terms such as energy price cap, payday loans, money savings and the cheapest energy supplier.

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This data was then analyzed and ranked based on the combined number of searches for all key terms. These data were then classified.

The most popular

How well do you know Glasgow?

Glasgow was the 4th worst affected area in the UK, with searches for same day loans being the 3rd most searched term in the whole of the UK. Other Scottish cities feeling the effect of the cost of living are Aberdeen 7th and Edinburgh 22nd.

Analysis of the data showed that people in Manchester are struggling with the cost of living more than anyone else in the UK. With 2,200 people looking for payday loans per month, 210 searches for energy price caps and 310 people looking for the cheapest energy suppliers, Manchester emerged as the worst affected area in the UK according to of the size of its population.

Newcastle was the second most affected city and, with its small population compared to other cities and towns, it had one of the highest numbers of payday loan searches in the study. With 1000 people a month looking for quick ways to get cash and cover unexpected expenses.

People in Leeds were the 3rd worst hit place in the UK when it comes to the cost of living crisis. Leeds had one of the highest numbers of people seeking information about the energy price cap, as well as people looking to switch energy providers for the cheapest service.

Newport, Cardiff and the London Borough of Brent were the least affected areas with the fewest people searching online for information on energy price caps, fast loans, ways to save money and information on the cheapest energy suppliers.

A spokesperson for Pink Storage commented on the findings: “The cost of living is something most of us are worried about, by analyzing online search behavior we can see how people are trying to tie the two together. ends.

“If wholesale energy prices remain high, we can expect further increases in energy prices and, as a result, the online search behavior of internet users will reflect this.”

The Derbyshire drug addict has taken out £55,000 in loans on behalf of loved ones Tue, 07 Jun 2022 18:45:00 +0000

Chris Flitter, 42, told unsuspecting victims he needed their bank details to transfer funds – but then used them to apply for more than 25 loans and transferred money to his own account.

In total, the defendant tried to borrow over £200,000, but many of his requests from lenders were turned down.

Conman Flitter managed to borrow over £23,000 using his ‘quite decent’ neighbour’s details and £18,000 using one of his own brother’s accounts.

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Flitter was sentenced at Chesterfield Magistrates Court in a reserved room at Derby Crown Court

Recorder Michael Auty QC told Flitter: ‘What you did was truly despicable – two of your victims were your own brothers.

“One of them was a neighbor who showed you nothing but kindness and the other was a trusted friend. You tried to get £200,000 rich.

Gregor Purcell, prosecuting, told Derby Crown Court how in the time of year between 2019 and 2020 Flitter’s victims received ‘assurances’ that ‘things would be sorted out’ after misleading them .

However, the court heard her neighbor “may never recover” from Flitter’s frauds.

Mr Purcell said one of Flitter’s dupes was a friend of over 10 years who he was on holiday with and ‘shared school pick-ups’.

Read more

Read more

A Chesterfield woman threatened to kill her neighbors in an apartment building

He added: “This may have given the defendant the confidence to contact him and inform him that he had been involved in ready-to-pay investments and asked (the victim) to allow the making payments to its accounts.”

The court heard Flitter, who had no previous convictions and was a father of teenagers, managed to withdraw £7,500 on behalf of his friend while claims for a further £20,000 were denied.

Shannon English, defending Flitter, told the court it was “clear” that “something had gone wrong” for her client.

She added: “At the time of the offenses he was not at work, having been fired by his employer, he started gambling for survival.

“He admits he also took payday loans, he had a gambling addiction.”

Judge Auty said: ‘Mr Purcell described your conduct as sophisticated – I regard it as determined, it lasted ten and a half months.’

The judge, suspending a two-year prison sentence for two years, said the starting point in terms of sentencing after a trial would have been five years in prison.

However after mitigation and credit for his guilty plea which could be reduced to two years.

He said, “If I fired you for something like this today, what would it have done to your family?”

“That was some time ago – between two and three years ago and there was no repeat

“Part of the sentencing process is to consider the hope of rehabilitation and so in the end and by a hair’s breadth I’m taking a very exceptional course with you.

“Not out of any particular sympathy for you, but out of great sympathy for your wife and children.”

Flitter, of Brierley Road, Ripley, admitted nine counts of fraud. He was given 200 hours of unpaid work.

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A Barbershop financial management app relies on Bond for BaaS and i2c for payments Sun, 05 Jun 2022 06:26:04 +0000

Hair salons may not seem like a huge market, but the country has around 130,000 of them, and 20,000 use a hair salon management system called Squire. It handles online bookings, sends reminders to customers when it’s time to book appointments and pays barbers even if they don’t have a bank account, and also provides them with an easy way to use the debit payments to pay for their chair rent.

Many barbers lack bank accounts and convenient access to basic financial services. As a result, they often have inconsistent cash flow and lump sum income that can lead to financial hardship, according to a case study by Bond, the banking-as-a-service (BaaS) company that provides the fintech behind Squire.

“We’re partnering with them to offer a Squire Card that allows barbers to get paid in real time, with their salary and tip going directly to the barber’s card,” said Roy Ng, CEO of Bond. In the past, many barbers had to take out payday loans to get by between paychecks. During the pandemic, many customers paid for their haircuts with cards or contactless phones, and tips often went to the hair salon rather than the hairdresser.

“For barbershops, this ability gives them a competitive edge to hire more barbers,” Ng said, “and Squire gets interchange fees for the store owner.

Squire co-founders Songe LaRon and Dave Salvant, who owned a hair salon, chose Bond to handle the financial operations, rather than taking 18 to 24 months to build their own. Bond delivered a fully compliant payment module integrated into the store’s management software within a few months.

“We chose Bond as our partner because we were confident they could launch the Squire Card quickly and successfully,” Salvant said. Squire then considers a credit card and will turn to Bond for that as well. Bond is a BaaS platform that enables organizations to integrate next-generation financial products into their existing customer experiences using i2c.

“We are an agnostic integrated financial platform,” said Roy Ng. “We partner with different technology providers, several different banks, and we work with a variety of KYC providers.”

But the only payment processor they use is i2c which provides both credit and debit payments.

“We are the only consumer BaaS whose customers live on both credit and debit,” Ng said. “Throughput is very important, really fundamental. And on the credit side, we’re happy to have trade credit customers. And we provide a credit builder card for a fintech that has over 600,000 customers.

“We currently only work with i2c. We wanted to partner with someone who can act quickly and has a strong tech stack. we selected them several years ago and are satisfied so far.”

Major banking platforms offer payments, but many have different technology for distinct products they’ve developed over the years, while i2c has a unique technology stack, explained Jim McCarthy, president of i2c. i2c Inc.

“We don’t replace the client system, we work with software companies, the software company could be a neo-bank that wants to address a certain segment, like the creative economy, for example, where their customers derive revenue from YouTube or Instagram,” McCarthy says. “And if that software company wants to build a digital bank to serve that segment, we provide a platform. We don’t replace legacy, but provide infrastructure that didn’t exist. We provide an abstraction layer that facilitate the launch of the product, and then we work with a number of banks to provide the actual regulated banking services.

The company is global, he added, with operations in Japan, Australia, the United Arab Emirates, the United Kingdom, Turkey, Mexico, Latin America and the Caribbean.

“We can support, debit, prepay as well as consumer credit, trade credit, installment and billing capabilities,” he said. “The big two have too many unconnected and Cobol-based platforms. If you can’t adapt quickly to changing market conditions, you’re in trouble. You need a modern cloud-based and simple infrastructure. We have one platform and one codebase for all the features I’ve described. »

The Web 3.0 Future Reviews (ASK Method Company) Ryan Levesque Quiz Funnel Fri, 03 Jun 2022 21:16:45 +0000

The Ask Method Company launched an online event called The Web 3.0 Future.

During the free 5-day symposium scheduled for June 6-10, 2022, The Ask Method Company explains how your digital business can prepare for web 3.0.

What is the future of Web 3.0? Should you attend The Web 3.0 Future webinar? Keep reading to find out everything you need to know about this online event.

What is the future of Web 3.0?

The Future of Web 3.0 is a free 5-day online event scheduled for June 6-11, 2022 at 4 PM EST.

Each day of the event, The Ask Method Company covers a new aspect of Web 3.0 and how Web 3.0 applies to your business.

The Ask Method Company will provide practical advice you can use to prepare your digital business for Web 3.0.

Web 3.0 is already here, and companies that don’t act now risk falling behind. Your competitors are already taking advantage of Web 3.0 technologies. During The Web 3.0 Future, you can learn some of the best practices to prepare your digital business for Web 3.0.

Topics covered during the Future of Web 3.0

The five-day event covers different topics each day. Every day, a new expert explains a new aspect of web 3.0. By the end of the 5 days, you should have a better understanding of how Web 3.0 works, how it impacts your business, and how your business can adapt to Web 3.0 by making certain changes today.

Here are the topics discussed during each of the five days of the online event:

Day 1 (Monday June 6, 2022): Web 3.0 Traffic: Efficient lead generation in the world without cookies: iOS 14 was a game-changer for online advertisers as it included native cookieless technology by default, making it harder for advertisers to track users across the internet. In this webinar, Trey Sheneman (Marketing Director of Ask Method Company) explains techniques you can apply to your business today.

Day 2 (Tuesday, June 7, 2022): Web 3.0 Product: How Blockchain Will Disrupt More Than Money: Blockchain technology is not limited to cryptocurrencies. In this webinar, Lee Richter (CEO of the Global Leaders Collective) simplifies blockchain technology and explains how it can power your business. Businesses that use crypto, NFTs, and tokens in the right way today can get a head start.

Day 3 (Wednesday, June 8, 2022): Web 3.0 Email and Tracking: How Marketing Needs to Evolve to Track: In this webinar, Landon Ray (Founder and CEO of ONTRAPORT) discusses how open rates are no longer the standard measure of email campaign success. iOS 15 has targeted email performance, and email marketers need to change their game. Landon explains how to craft a winning game plan moving forward.

Day 4 (Thursday, June 9, 2022): Changing laws and how to use privacy as a strategic advantage: The United States lags behind most countries in the world when it comes to data privacy. However, things are changing. In this webinar, Jodi Daniels (Founder and CEO of Red Clover Advisors), discusses how changing data privacy laws will affect your business. More than half of all US states have data privacy legislation, and smart businesses need to make adjustments today.

Day 5 (Friday, June 10, 2022): Why standard marketing funnels won’t work in the age of Web 3.0: Marketing funnels have been a mainstay of digital marketing for decades. However, they will not work in the Web 3.0 realm. One-size-fits-all funnels are a thing of the past. In this webinar, Ryan Levesque (Founder and CEO of Ask Method Company and explains how to use a personalized approach to funnels built on zero-party data to ensure the success of your marketing campaigns.

After the five-day event, marketers will have a better idea of ​​how Web 3.0 will affect their business, how to act today, and how to ensure you remain a marketer as technology laws change. and privacy continue to change.

The Future Pricing of Web 3.0

The future of Web 3.0 is free for everyone.

Simply enter your name and email address in the online form, and you will receive a free link to the live webinar on the day it is scheduled to take place.

What’s the catch?

There is no “catch” in the future of Web 3.0 being free. It’s legitimately free for everyone to attend, and you don’t need to buy anything to attend the webinar.

The purpose of the webinar is to demonstrate the value of The Ask Method Company’s other products and services, including masterclasses, certification programs, and coaching services. However, you are not obligated to purchase these services after attending The Web 3.0 Future webinar.

When is the future of Web 3.0?

The Future of Web 3.0 is scheduled for June 6 to June 10, 2022.

The five-day event consists of a new webinar each day. You will receive a link to each webinar before it airs.

Each daily webinar airs at 4 p.m. ET, 3 p.m. CT, or 1 p.m. PT.

What is Web 3.0?

Web 3.0 is the third generation of Internet services, websites and applications.

People have different definitions of Web 3.0. However, some of the common traits of Web 3.0 technology include:

  • Web 3.0 focuses on using machine-based data understanding to deliver a semantic, data-driven web
  • The goal of Web 3.0 is to create smarter, more connected and more open websites.
  • Web 3.0 involves AI, machine learning, semantic web analytics, and more.
  • Web 3.0 implements virtual assistants and an increasingly AI-integrated world
  • Web 3.0 is increasingly integrated with the Internet of Things; it involves the use of smart devices to predict user behavior, provide them with the results they need, and understand their online browsing and shopping habits

To understand where Web 3.0 came from, it helps to understand Web 2.0 and Web 1.0. Web 1.0 was the first generation of the Internet, with basic websites and connectivity as businesses explored the new technology. Web 2.0 was the rise of social media and growing connectivity. And Web 3.0 is increasingly emphasizing AI, machine learning, and smart technology to make internet technology even better.

About Ask Method Company

The Ask Method Company is a registered trademark of RL & Associates, LLC. The company has been a 5-time winner of the Inc. 5000 Fastest Growing Company award (2017, 2018, 2019, and 2021 for and The Ask Method Company).

The Ask Method Company is based in Austin, Texas, with team members around the world.

You can contact The Ask Method Company via:

  • E-mail:
  • Call: 1-844-KICK-ASK (1-844-542-5275)
  • Address: 4500 Williams Drive, Suite #212-311, Georgetown, TX 78633, USA

In addition to offering webinars, The Ask Method Company offers masterclasses, coaching, certifications, and online training tools, among other products and services.

The Ask Method Company and were founded by Ryan Levesque.

Last word

The Ask Method Company has launched a 5-day online event called The Web 3.0 Future.

Web 3.0 is here, and it’s becoming more and more relevant for marketers every day. During The Web 3.0 Future, you can learn actionable strategies you can implement today to use Web 3.0, leverage Web 3.0 technology, and maximize marketing success in the age of Web technology. 3.0.

To learn more about the future of Web 3.0 or to attend the free five-day online event today, visit the official website at >>>


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Fintechs increase exposure to gig economy workers as inflation increases demand for loans Mon, 30 May 2022 18:50:00 +0000

Fintechs and payday lenders are aggressively lending to gig economy workers even as banks and large non-bank financial corporations (NBFCs) become more conservative in the space. Fintech lenders saw demand for food and grocery delivery managers with various app-based platforms jump up to 40% in Q4FY22, industry executives said. Higher demand, in turn, is fueled by high inflation, which drives delivery managers to borrow more to bridge cash flow mismatches.

Lenders active in the segment believe demand stems from improving consumer trends as the pandemic recedes. Bhavin Patel, co-founder and CEO of LenDenClub, said that with an increase in consumption, the need for delivery frameworks has grown across industries for various app-based platforms.

Additionally, as the size of the workforce increases, many delivery managers are looking for small loans or payday advances and payday loans to meet their operating expenses. The increase in demand is also due to the targeting of the product to the segment,” Patel said. There isn’t enough data to determine whether a surge in inflation has anything to do with rising demand, according to Patel.

Others, however, take a gloomier view of the situation. They point out that even though the prices of fuel and other essentials have jumped, there has not been a concomitant increase in wages earned by delivery executives. To make matters worse, the increase in 10-minute deliveries has led to an increase in traffic violations and fines paid by delivery officials.

A delivery executive can be loaned up to 30-40% of their monthly income and terms range from one month to three months. Interest rates vary between 18% and 30%. LenDen Club’s Patel says there is little reason to worry about indebtedness in the segment, as loans are only approved after reviewing borrower’s credit bureau data and assessing their ability reimbursement.

Yet concerns about high leverage remain. “The money they’re borrowing now is basically bridge financing. By its very nature, it’s prone to high churn, which means the guy keeps taking out loans from new apps to pay off old ones,” an industry executive said on condition of anonymity. .

Given how precarious the finances of gig workers are, major lenders have recently backed off from funding them. Abhishek Agarwal, co-founder and CEO of CreditVidya, said banks and big NBFCS are getting cautious in the segment. “The risk perception of the segment has increased significantly over the past few months, as the cost of living has increased for them without any concomitant increase in their income. However, some fintechs and payday lenders continue to lend to gig economy workers and the interest rates on these loans are quite high,” Agarwal said.

Traders accuse council bosses of ‘cheating’ City over £1 market deal Sun, 29 May 2022 05:00:00 +0000

Liverpool Council have been accused of ‘misleading the city’ over a deal in which they claimed to have taken control of the city’s markets for £1.

In 2016 the council bought Geraud Markets Liverpool Ltd, the company that ran the city’s markets. At the time, the board said it only paid £1 for the company which was renamed Liverpool Markets Limited (LML).

Councilor Malcolm Kennedy, then a cabinet member for regeneration, described the deal as a “turning point” for the city. However, it has now emerged that the deal involved the council waiving a significant debt owed to them by Géraud.

READ MORE: ‘Shock’ over multi-million collapse of Liverpool markets company

An LML financial statement published on Companies House explains that £515,073 was written off to enable the purchase of the shares. The board said “legacy” issues around market management will be looked at.

The document, published in December 2018, reads: “Geraud Markets (UK) was the parent company until September 2016. The prior period exceptional charge included in the statement of total comprehensive income includes £515,073 in respect of balances due from which were written off by the company as a condition of the purchase of shares held by Geraud Markets (UK) Limited.”

The report was signed by Darren Hardy, in his capacity as Director of LML. Mr. Hardy was also a division manager in the city’s regeneration department at the time.

LML ran well-known markets such as St John’s in the city center and Great Homer Street in Everton. The company went into liquidation in May 2019.

Colin Laphan, chairman of the Liverpool Markets Traders Association, said: “Market traders across Liverpool have been stunned to find that the council has misled people by falsely claiming they have taken over the ‘markets’ for 1 £.

“While they already knew part of the deal was to write off over £500,000 of debt.”

Last week ECHO revealed LML owed the council millions of pounds following its collapse.

Companies House information records that the company was formed in 2003 and Liverpool Council took control of the company in 2016, buying all the shares. The December 2015 accounts showed a deficit of £965,330.

This deficit rose to £2,398,077 in March 2017. Latest figures released earlier this month show LML owes the council £3,469,896.00.

Mr Laphan expressed new concern about the way the company had taken on debt in recent years.

He said: “Over the past few years, tens of millions have been collected by the marketplaces company, but there is no transparency as to where that money is going. We have been asking for service fee schedules since then. over 15 years.

“This is just one example of the lack of accountability and the hazy conditions around market revenue. Great Homer Street probably generated around £500,000 in revenue a year.

“As traders, we’ve all had one broken promise after another. Those in power seem to have forgotten their basic obligations to the community and need to be held to a higher standard.”

Liverpool Council announced the £1 deal in 2016, when a spokesperson said: “City Council today paid nominal £1 to take over Geraud Markets Liverpool Ltd and will now manage all day-to-day operations of the market with immediate effect.”

Speaking on behalf of the board at the time, Cllr Kennedy, who resigned as an adviser in October 2021 after moving to Spain, said: “This deal is a defining moment in the history of Liverpool markets. and guarantees that they will become a major asset again. in our thriving retail sector.

“As a city council, we are investing millions in upgrading facilities and the time was right to regain full control of operations.

“Thanks to this new agreement, we will be able to host, manage, promote and deliver markets internally and ensure a level of quality worthy of the new facilities in which we are investing.

“This new approach will provide current tenants, future traders and customers with a single point of contact that will allow us to improve the market offer at all farmers markets, international markets and Christmas markets.”

Councilor Harry Doyle, Cabinet Member for Visitor Culture and Economy, said: ‘Any legacy issues relating to the management of markets will be reviewed by officers and nothing will be spared.’ That’s why I’ve called for a review to reset our relationship with merchants going forward.”

]]> Meet a CEO: Marcus Lasarow of CashD Fri, 27 May 2022 04:38:42 +0000

We caught up with Marcus Lasarow, Founder and CEO of FinTech startup CashD, a company that helps Australian businesses reduce employee turnover through innovative payroll solutions. We talked about the disconnect between payroll and workforce management, B2B solutions, and the importance of retaining long-term employees.

Marcus, you have 20 years of experience in IT, retail and media, how did you come to start CashD?

I have been building and deploying technical applications for over 15 years. I was heavily focused on products and services, which culminated in 2016 with the sale of CarZapp to Pickles Auctions (Pickles Ventures). CarZapp continues to dominate the B2B automotive marketplace ecosystem, having been the first comprehensive bidding and bidding platform for buying and selling through your mobile device. I then noticed a technical trend towards a focus on human capital, I researched and outsourced my services to corporate payroll, workforce management and resource solutions human. My goal was to uncover the next big opportunity in the human capital space. I found a huge issue and disconnect between payroll and workforce management when it comes specifically to validating an employee’s time worked versus time paid.

What is CashD’s overall mission and service offer?

CashD is redefining compensation by enabling companies to empower their employees to choose how and when they get paid. We bring together open banking, payroll and finance to offer a CashD on-demand payment solution. Employees can better align their income and expenses by accessing a portion of their accrued salary, prior to payday.

How do other prepayment providers muddy the waters when it comes to understanding the CashD point of difference and value-driven offering?

We have a very different model than a B2C model – like Beforepay and MyPayNow which are directly aimed at consumer models being extremely onerous for consumers including processors which include direct debit, loan contracts, review of bank statements and potential defaults. CashD eliminates these processors and mitigates the risk. CashD is a total digital payment platform, contracting parties of CashD are distribution partners and/or direct employers. In addition, the commercial risk inherent in CashD is greatly reduced compared to a B2C offer.

As companies grapple with the big quit, recruit top talent and retain them, how does CashD enable Australian companies to become a payroll partner?

CashD empowers employers by focusing on benefits first. Some of the benefits include:

  • Staff retention. Several research studies show that the internal flexibility of early access to salaries improves staff retention.
  • Attract and recruit new employees to fill vacancies faster.
  • Improves productivity and reduces sick leave. When staff don’t care about money, they’re more focused, productive, and much less likely to take sick days.
  • Protects staff against “sharking” payday loans, protecting your staff from the perils of unscrupulous and expensive payday lenders.
  • Improves the well-being and quality of life of staff. With financial stress removed with easy access to advance pay, your staff are happier and free to enjoy life.

In addition to the benefits above, the CashD solution offers limit and security controls in a personalized employer dashboard to protect their most valuable asset, their employees.

In your opinion, who or which companies will benefit the most from the adoption of the CashD offer?

Market adoption has been strong in contractor management companies with user profiles containing white and blue collar workers, security guards or facility workers. One could easily say that the CashD solution appeals to all workers, regardless of their sector of activity or their professional status. Our strongest alignments are our distribution partners who hold tens of thousands of registered employers and, in turn, millions of workers. Currently, CashD holds five strong distribution partnership agreements, which translates to over two million workers.

What is the biggest challenge for CashD in terms of explaining their point of difference to customers?

Our biggest challenge is educating employers on the fundamental difference between what CashD offers versus payday loans, credit advances or any personal loan tied to an intrusive high interest bearing product.

What’s next for CashD in 2022 – What does “success” look like to you?

CashD’s real motivation is to bring back the cash economy through technology. “Success” is the successful imprint of the wage revolution adopted and imprinted in today’s economy. The success of CashD will be measured by the speed at which outdated old school payroll cycles are replaced by the CashD solution.

Warning from Martin Lewis to tax credits, income support and other legacy benefit seekers Tue, 24 May 2022 20:18:43 +0000

The government plans to transfer all former benefit claimants to Universal Credit.

The move has left those receiving the payments worried about whether or not they will be in a more difficult financial situation. However, they will have no choice in the matter whether they lose money or not and the changes are expected to be completed by the end of 2024.

Martin Lewis addressed the concerns tonight on ITV’s Martin Lewis Money Show Live. It had bad news for 35% of inherited benefit claimants.

READ MORE:DWP outlines nine ways to get more money during a cost of living crisis

Martin said: “Benefits from the past are things like Employment Support Allowance or Income Support. There are 2.6 million people who still qualify for it.

“If I remember correctly, I think 55% of them, according to government statistics, would be better off switching to Universal Credit and 35% would be worse off.”

He added: “Those who will be better off tend to be those who work and pay rent, especially in cities that have higher housing allowance type elements or those towards the top of Universal Credit.

“Those who will be worse off could be those not renting or who are out of work. If you are in this category, you may be worse off, but you will be automatically moved at some point by the end of 2024 and there is nothing you can do about it.

“It is clear that we have a problem with the benefit system at the moment. It increased inflation last year by 3% and inflation is now at 9%, which is a blow for people to the lowest incomes. This is something that I think needs to be addressed.”

He ended with a little advice for those who would be better off. Martin said: “What I would say, for those of you in the 55% who might be better off, you can actually apply to transfer to Universal Credit earlier.

“It’s important to understand that when you make this request, you cannot change your mind. Don’t rely on an online benefits calculator, go get an individual assessment from a suitably qualified free benefits expert. “

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]]> What you should do if your parents don’t want to cut funding to cover your own education | Mon, 23 May 2022 10:57:55 +0000

What you should do if your parents don’t want to cut funding to cover your own education

If parents are involved in privacy, ask them for confidentiality of student information, including financial aid software, try to protect them through your Family Education Rights and Privacy Work (FERPA ). In particular, universities do not disclose the recorded advice of the father or mother to the student (or to the former boyfriend-husband of the new parent).

Contact the latest educational fundraiser at the university. Sometimes they have the ability to intercede with the parents and you will convince them to complete the FAFSA. Often it is helpful to have a third party conversation with your mothers in case your environment between you and your mothers is just too emotionally charged.

But if you can also persuade your parents to help you file the brand-new FAFSA, you could potentially benefit from support primarily based on your needs, such as sponsored Stafford funding and the Pell grant, as well as support services. organization.

The special characteristics of young people recorded the forms of the signature of his parents. Not a good idea, since the fee for this is very large, of course, you don’t have a copy of your own parents’ tax, you’ll probably be caught in case the wide variety doesn’t match .

What you should do when your mothers and fathers are excited about a dirty separation and divorce. Keep in touch with for each mother on their own. When they’re concerned about the new privacy of your financial information from school funding programs, keep them in touch with the university’s newest School Funding Administrator. If your university receives a judge who asks them to release every piece of information, they will deal with the most affected father or mother as soon as possible and do nothing until the father or mother has already established the time for you to challenge your order in court. Credential information, along with education finance software and supporting documents, is actually included in very strict federal privacy guidelines, for example FERPA.

How to proceed if your parents do not want to pay. Some people could possibly qualify for Independent Updates. Or even, it is reported that you depend on your mothers in addition to their money and you can establish your qualifications to possess guidance. In case your parents don’t spend, you will have to make up the real difference. The institution and the authorities cannot help. Get the Full Story: Federal Financial Aid with FAFSA Separate Student

Talk to your parents and you can deposit your money in front of them. Suggest to them how much money you have and will definitely earn, appearing you are doing what you can afford will set you back. Just show them how much you’ll be charged and the size of the most recent spread. Make it clear to them that if they don’t help fill a gap, you won’t be able to top your own degree, no matter how hard you are.

What direction to go in case your step-parent refuses to file forms if not to lend assistance. Remind him that the federal government relies on his money and that you can own property regardless of his refusal. If they indicate a good prenup, let them know that this agreement is between the two and their mate. You are not a party to this agreement, neither is the government, so they may not be joining you. Have them complete the FAFSA, while qualifying for help dependent on desire, even if they don’t advise you on the institution, it will cost you. Build an acceptance from your mother and father, for which you invest in the duty of guessing with the costs towards And in addition funding when you graduate and also have a job. You will graduate heavily in debt, and will certainly need to fight, but at least a possible scholar.

Unsubsidized Stafford Money Without Parental Pointers Higher Education Area 479A(a) Work From 1965 As Amended Part 472(a)(4) Payday Loans Near Me Possibility Of Advanced Tuition Work from 2008, allows based pupils to find unsubsidized Stafford funding in lieu of parental details on the brand new Free Application Obtaining Government Scholar Services (FAFSA) if, for example, the funding officer of the school “verifies your mother or father, otherwise the parents of such a scholar have terminated the funding of this student and you may not document, for example, the means.” Although this is not the case, children have more financial aid when parents are on the new FAFSA or if a new student has received a habit waiver.

The school finance directors are particularly careful to protect the latest confidentiality of the new beginner and you can mothers, and will not allow the mother to observe every piece of information recorded by most others

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