MasterCard has finally realized that signatures are obsolete and stupid
Companies are finally seeing the light. Starting in April 2018, MasterCard cardholders will no longer be required to sign their name when they purchase something using their debit or credit cards.
The company has been moving away from requiring signatures for a few years now, with only about 80% of purchases (typically over a certain dollar amount) requiring a signature these days. MasterCard did some digging, though, and per its press release, realized that most of their customers “believe it would be easier to pay and that checkout lines would move faster if they didn’t need to sign when making a purchase.” So they are doing away with signatures entirely, and instead will rely on actually secure measures like “chips, tokenization, biometrics and other newer and more secure methods” instead of scribbly signatures perfected in middle school.
Richard Branson to parents: Work from home, if you can
Between 2005 and 2015, the number of workers who telecommuted increased 115%, according to a report from Global Workplace Analytics and FlexJobs. That translates to 3.9 million workers, or almost 3% of the total U.S. workforce, who worked from home at least half the time in 2015.
New technologies have made it easier for people to work remotely.
Branson adds that having as much flexibility as possible where you work can also make all the difference for working parents. “I lived in a houseboat when my kids were young,” he recalls. “I was building Virgin. They were fooling around. I changed a nappy and I’d be on the phone. So I suspect I’ll see more of my kids and family than almost any father.”
Verizon’s still figuring out how to deal with cord-cutters
Verizon reported a net loss of 18,000 Fios Video customers (versus a gain of 36,000 in the year-earlier period) for the third quarter of 2017. That reflects the “ongoing shift” from traditional linear video to over-the-top services, CFO Matt Ellis said on a call with analysts, as well as competitive offers from rivals. At the end of the quarter, Verizon had 4.6 million Fios Video connections. The telco gained 66,000 Fios Internet subs in the period, to stand at 5.8 million total.
As a hedge against declining pay-TV numbers, Verizon is looking to launch its own OTT television service, similar to Dish Network’s Sling TV and AT&T’s DirecTV Now.
Your “Inspirational” Social Media Posts Are Hurting Your Career
Your best ideas will take more than a few words to lay out, and that’s okay. The most difficult challenges out there–the ones that take real leadership to surmount–are complex. So while there’s an art to speaking about complicated subjects without dumbing them down, your real goal should be to motivate others to engage with complexity, not shy away from it. Tossing out generic remarks that stick to the surface level doesn’t help you do that. Worse, it suggests you aren’t capable of diving any deeper.
The World Once Laughed at North Korean Cyberpower. No More.
Their track record is mixed, but North Korea’s army of more than 6,000 hackers is undeniably persistent, and undeniably improving, according to American and British security officials who have traced these attacks and others back to the North.
Amid all the attention on Pyongyang’s progress in developing a nuclear weapon capable of striking the continental United States, the North Koreans have also quietly developed a cyberprogram that is stealing hundreds of millions of dollars and proving capable of unleashing global havoc.
Unlike its weapons tests, which have led to international sanctions, the North’s cyberstrikes have faced almost no pushback or punishment, even as the regime is already using its hacking capabilities for actual attacks against its adversaries in the West.
CFOs Need Procurement as Their Right-Hand Man. Here’s Why.
CFOs should also look to procurement for a fresh perspective when it comes to solving business problems. Due to its far-reaching nature (procurement departments are involved in most, if not every, department in the organization), procurement is uniquely positioned to see and understand departmental and overall business needs. This gives CFOs a more accurate look at what technology and processes will be most beneficial in the long run.
The need for a future-focused perspective when making long-term internal strategy decisions is especially important to ensure high ROI on each investment that a CFO makes. As the report stresses, “This can be particularly important in extremely fast-growing organizations that need to move quickly to find innovative solutions for an ever-changing constellation of business needs.”
The reason why entrepreneurs are generally older is that they are better suited to the risk involved with starting a business. Nine out of 10 startups fail, so those individuals that choose to create companies are generally better prepared and more experienced than a typical millennial. They aren’t discouraged by past failures. They learn from them and apply those lessons to future opportunities. Business is far from a fair or easily solved equation.
Here Is Everything You Need To Make Your Conference Calls Not Suck Point 1:
“The aim for a conference call or other kind of distance meeting should be to create the notion of sitting in the same room,” says Konftel’s product manager, Torbjörn Karlsson. “If you need to raise your voice to be heard or have a hard time to perceive what people say, you need to identify the weak components.”
“Today’s modern, minimalist rooms are the most common cause of poor sound quality in audio conferencing,” says Eriksson. “A cold room causes the sound to bounce around and gives a longer reverberation time.” He recommends taking several steps to minimize this “minimalist bounce” including furnishing the room with soft furnishings, and on the floor, fitted carpet or rugs; putting up long blinds, curtains, and wall hangings to absorb any bounce if the room has windows and large empty walls; and even decorating the room with potted plants.
“Before and during the meeting there are a number of minor tips that have an immediate effect on sound quality and cut irritating distractions,” says Eriksson. “Don’t tap your pen or fingers on the table. Remember that the screen on your laptop is a barrier between you and the microphone. Don’t place paper or folders over any expansion microphones on the table. Don’t put your chin in your hand when you’re talking.” All of the above can make it hard for the remote worker to understand you clearly. You’ll know exactly what Eriksson means if anyone on the call has ever asked “What’s that tapping noise?” and you’ve realized that it was your fingers drumming on the table.
Dear Silicon Valley: America’s fallen out of love with you
In his famous book Zero to One, Peter Thiel writes, “Competition is for losers. Be a monopoly.” And that philosophy has come to prevail—the average venture capitalist would say that in a portfolio of 20, they are OK with 19 losers and one grand slam. Follow that to its logical conclusion: for every billionaire Peter Thiel, Silicon Valley, you’re OK with 19 broke people. It’s no wonder that inequality is at a 100-year high, entrepreneurial activity is at a 40-year low, and eight men control half the world’s wealth.
Over the past fifteen years, big has crushed little in Silicon Valley, to an increasing degree. The former giant-slayers like Apple and Google have become giants themselves, shutting out or buying up new entrants.
In other words, if we are serious about growth, competitiveness and job creation, we should look elsewhere besides the tax code for answers. We can remain open to immigrants in search of better economic opportunities. We can invest in our public schools and universities. We can upgrade vital business infrastructure such as airports, land transportation systems, the internet backbone and our power grid. We can heighten our vigilance about anti-competitive behavior and regulatory capture by very large corporations that make it difficult to start new businesses.
Are We Born Optimistic? Or Is It a Coping Skill We Learn as Adults? | Lori Markson
Just Got Passed Up For A Promotion? Do This Next
Although you might be fuming, it’s important that you take a step back from the situation and give yourself the opportunity to cool off before doing anything else. You certainly wouldn’t want to lose control and torpedo the professional reputation you’ve strived so hard to build before you’ve had to the chance to gather all the facts.
In Eric Ries’ new book, he tells companies to turn every unit into a cash-strapped ‘startup’
You first have to look at whether you’re treating the people who work for you like entrepreneurs or something different; if you’re expecting your product managers to achieve instantaneous success, that’s not [the standard] to which you were held in the early stages of your company.
Along the same lines, if you aren’t [giving teams] clear, metered funding, how are they going to have that scarcity? It’s that mindset, that hunger, that let’s you say “no,” [to dawdling]. [Companies have to fight] that entitlement funding because the more money you have, the less you want to expose yourself to risk.
I Was a Skeptic, Now I am Convinced Unlimited PTO is Good Business
Even if it’s just symbolic, unlimited paid time off (PTO) reinforces the fact that we hired you because you seem like the type of person who can handle a little freedom. If I say that I trust you, and then follow up that supposedly heartfelt declaration by shackling you to your desk, you can be certain of two things:
1. I don’t trust you.
2. You shouldn’t trust me, either.
https://www.entrepreneur.com/article/298410 Unlimited PTO sounds lovely, but I can barely manage to take the time I have off. I think for many, by not having set days off employees will take even less days, and I think companies like Netflix knows that.
Podcast: Ariba: Talking Treasury with Jerry Bernard
From investment decisions to monitoring regulations and managing currency fluctuations, the treasurer’s life is never boring. Join us in this conversation with SAP Ariba’s own treasurer, Jerry Bernard, to hear about a day in the life of a corporate treasurer and to get an idea of which issues he feels are most important in the field.
Want to Boost Your Career and Income? Develop a Side Project or Hobby
Struggling With A Work Setback? Reflect On Your Childhood (Yes, Really)
Reflecting on my childhood and young adulthood isn’t just daydreaming–the point isn’t to avoid my present challenges by indulging in escapist nostalgia. Instead, it’s to try and remember the sequence of experiences that led me to where I am now. I try to reach beyond the fear and constraints of the moment so I can reconnect with something deeper and more permanent.
When I work with clients who are struggling with professional difficulties, I ask them to do the same–to remember what inspired them to move along the career path they chose, no matter how frustrating the circumstances that path has led them into right now: What was in their work that originally gave them the feelings of pleasure and fulfillment that they’ve built their career on? What was an early moment of discovery and delight that first got them excited?
One Year After Its Fake-Accounts Scandal, Wells Fargo Isn’t ‘A Better Bank’
Indeed, the scandal has only gotten worse since it first came to light. Since Stumpf’s appearance before Congress, the estimated number of accounts affected has been revised up to 3.5 million. Additionally, a separate scandal, involving auto loans the bank issued, affected some 500,000 customers, who had insurance policies taken out in their names that sometimes resulted in defaults and vehicle repossessions.
While Sloan tried to focus on progress made in the past year—bringing up changes made to the bank’s organizational structure, review processes, plans for repaying customers, sales incentives, and corporate culture—the senators focused on how long it took Wells Fargo to open official inquiries into the claims of fake accounts, the predatory nature of the sales processes, and the compensation executives received. The committee members dwelled on the questions of how the bank’s practices could be improved and whether it should be allowed to continue operating in the first place.
Supply chain professionals disagree about value of increased data collection
In IBM’s presentation on Watson and blockchain, the company said supply chains don’t have enough data and that they need more. But according to a presentation from JDA Software, everyone has plenty of data; what’s needed is the right tech for handling and understanding what it means.
How To Tell Whether You Should Accept A Job Interview
Truth talk: Taking an interview is a chance to have more options, and while options are great, they can also be overwhelming. The “paradox of choice” is a real thing, and opening up the possibilities could toughen an already challenging search process.
If you’re someone who struggles with indecision–like if you’re already torn between other roles you’ve applied for–turning down the chance to dive deeper into something you aren’t even interested in can simplify things.
Study reveals IT security and risk management need work at all companies
security and risk management practices dominate the list of the top five most-mature best practices. That’s good. However, what is not so good is the low percentage of IT organizations that have adopted these crucial security practices formally and consistently. Only about half or fewer of our respondents do so, which means the majority of organizations admit that their security and risk management practices are “informal” or “inconsistent.” In other words, there is a lot of room for improvement.
So the focus on consumers is too narrow for ambitious progressives. “We’re trying to agitate a move away from a consumer welfare approach … towards an approach that looks at a variety of factors that I would argue represents a more reality-based understanding of how competition works,” Lina M. Khan, the author of an influential Yale Law Review article on the subject, told the New Republic’s Brian Beutler.
As listed in the congressional Democrats’ new economics platform, those factors might include just about anything people don’t like: “whether mergers reduce wages, cut jobs, lower product quality, limit access to services, stifle innovation, or hinder the ability of small businesses and entrepreneurs to compete.” It continues: “In an increasingly data-driven society, merger standards must explicitly consider the ways in which control of consumer data can be used to stifle competition or jeopardize consumer privacy.”