| Union Bank of India, BankServ Complete International Payments Upgrade
MUMBAI (PRWeb) April 5, 2007 -- Union Bank of India announced today the successful completion of an upgrade to its SWIFT messaging system that stands to make international money transfers faster and less expensive at a number of its 900-plus branches across India.
Using BankServ's TurboSwift system, Union Bank has successfully converted its international transfers to an automated platform, replacing a previous system that required payment messages traveling over the SWIFT Network to be sent manually. The new BankServ system will also automatically screen payment messages for errors and route incoming transfers to the appropriate location - both also tasks that required manual intervention in the past.
"As one of the largest public-sector banks in India, Union Bank has a significant number of customers who either reside outside the country or have family and friends who live abroad, so international transfers are important to its client base.
Sri Lanka Telecom boosts 2nd quarter earnings by up to 3 billion ...
Telecom operators who rolled out rural networks in the last three years will get a five billion rupee refund of levies collected from every incoming international call minute. Incumbent Sri Lanka Telecom (SLT) will get the largest slice, boosting its 2nd quarter earnings by up to three billion rupees. Other telecom operators who channeled calls through their international gateways will collect two billion rupees. International Telecommunications Operators levy or ITL is charged at three rupees and 80 cents per incoming minute from external gateways. Although there are many licensed gateways, only ones owned by telecom companies actually bring ITL revenue generating traffic. Operators were unable to tap the fund because the telecom regulator had not decided on the basis for its distribution till last week.
KANSAS CITY AREA
American Jazz Museum, with Negro Leagues Baseball Museum, Gem Theater and Horace M. Peterson III Visitor Center, 1616 E. 18th St., Kansas City, Mo. Showcase of all genres of jazz with interactive studio, working nightclub, sound library and personal effects of jazz greats. Hours 9 a.m.-6 p.m. Tue.-Sat., noon-6 p.m. Sun. Jazz or baseball museum admission $6, $2.50 for children under 12. Information, 816-474-8463. Arabia Steamboat Museum, remarkably preserved cargo recovered from a sunken 1850s steamboat, 400 Grand Ave., Kansas City, Mo. Tours 10 a.m.-4 p.m. Mon.-Sat., noon-3:30 p.m. Sun. Open every day, except major holidays. Admission $12.50, seniors $11.50, $4.75 children 4-12, 3 and under free. Information, 816-471-4030. Bingham-Waggoner Estate, 313 W. Pacific, Independence, Mo.
Why not Canada?
TALK about studying overseas with the average Malaysian and chances are that the top countries named will be the United States, the United Kingdom and Australia. However, some discerning students or parents scouting around for quality education at affordable rates have zeroed in an oft-overlooked option Canada Extending across much of North America, the worlds second largest country is home to some 33 million people and boasts some fine educational institutions. No, they may not be household names in this corner of the world, but foreign students enrolled in schools spread across Canadas10 provinces and three territories will tell you that they have good reasons to be where they are. Many routes to Canada Melissa Tan Su-chen decided to study in Canada because she wanted to go somewhere less crowded.
Counting the gains of banking reforms
All over the world, the major difference between a traditional society and a city is usually defined by the level of infrastructure development.
Without looking at the World Bank definition of a city or rural settlement, a conventional definition of these two human settlements may well be by looking at how their citizens have access to such infrastructure as electricity, portable water, motorable roads, hospitals and perhaps financial institutions among others.
The absence of one or more of these usually account for the high incidence of rural-urban migration or drift.
Interestingly too, many city dwellers happened to have come from some of the rural communities where little or none of these infrastructure exist, even after 46 years of Nigeria's independence.
CUDL’s Inaugural Auto Lending Business Intelligence Report Reveals ...
CUDL's Auto Lending Business Intelligence Report serves as a resource for credit union organizations to better understand credit unions' role in the auto lending market, benchmark their performance and learn best practices. Credit unions interested in obtaining a copy of the 2007 Auto Lending Intelligence Report can do so by visiting www.cudl.com. About CUDL: Based in Rancho Cucamonga, California, CUDL® (CU Direct Corporation) is the leader in indirect lending services for the credit union industry. As a result of its recent merger with Indirect Services Inc., CU Direct Corporation administers both the CUDL and DecisionApp programs, which allow members to receive credit union financing at the auto dealership through an automated decisioning system. As a Credit Union-owned Service Organization, CUDL develops custom applications, training and marketing programs to help credit unions achieve their indirect lending goals.
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