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 New Smarter Stand-in Processing uses AI to help reduce the number of declined transactions for consumers when financial institutions experience an outage or disruption

SAN FRANCISCO-Wednesday 26 August 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Visa Inc. (NYSE: V) today announced Visa Smarter Stand-in Processing (Smarter STIP), a new capability that uses real-time artificial intelligence (AI) to help financial institutions manage transaction authorizations when service disruptions occur. Using deep learning to analyze past transactions, Smarter STIP generates informed decisions to approve or decline transactions on behalf of issuers in the event that their systems go offline. Visa pioneered the use of AI and neural networks to prevent fraud—Smarter STIP builds on that track record, and is the first in a suite of new AI-powered innovations coming to VisaNet, Visa’s global processing network.

“Consumers expect instant and unint ... Read more »

 The Forum will collaborate to increase accuracy and transparency around industry measurement and reporting of environmental footprint data

LONDON-Wednesday 26 August 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- The Open Group, the vendor-neutral technology consortium, today announced the formation of the Open Footprint™ Forum, a Forum of The Open Group. This Forum will be focused on developing open and vendor-neutral industry standards to provide consistent and accurate measurement and reporting of environmental footprint data. The initial launch will focus on greenhouse gas (GHG) emissions data. The Forum will also cover the entire physical environmental footprint to include water, waste, and land data.

“Accurate data on environmental footprint data is critical for modern enterprises – not only for mandatory government compliance reporting and meeting customer and partner demands, but also for taking action,” said Johan Krebbers, GM Di ... Read more »

SINGAPORE-Wednesday 26 August 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, has received approval from the Afton Chemical board to invest in Gasoline Performance Additives (GPA) blending capabilities at its Singapore Chemical Additive Manufacturing Facility.

The investment is part of Afton’s “Made In” strategy that focuses on globally lean supply chain solutions that enable quicker support and more effective supply to its customers in Asia. It will also provide the additional infrastructure required to support the company’s long-term global growth plans.

The demand for GPA in Asia Pacific is expected to grow at a compound annual growth rate of 4% through 2024. “The additional GPA blending capacity in Singapore will help satisfy the increase in demand driven by the expected growth in China and other parts of Asia,” said Mr. Sean Spencer, Vice Pre ... Read more »

 Integrating real-time antimalware and on-demand antivirus with its best-of-breed personal backup solution enables Acronis to deliver unmatched value and comprehensive protection to users

DUBAI, United Arab Emirates-Wednesday 26 August 2020 [ AETOS Wire ]

Acronis, a global leader in cyber protection, today announced the release of Acronis True Image 2021. The new release integrates advanced cybersecurity capabilities with the best-of-breed personal backup to create the first complete personal cyber protection solution for home users, prosumers, and small businesses around the world.

Incorporating cybersecurity capabilities such as real-time antimalware protection, on-demand antivirus scans, web filtering, and videoconference protection into Acronis True Image ensures users have complete cyber protection. For individuals and small business users, unifying these vital capabilities in one solution makes their protection easier to manage and more affordable, ... Read more »

 Transaction Adds Scale in Key USA-African Payments Corridors To Support Growing Demand For Fast, Secure, Low-Cost, Digital Mobile Money Transfer

LONDON-Wednesday 26 August 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Today digital, global cross-border payments company WorldRemit announced it has agreed to acquire Sendwave, a rapidly growing app-based remittance company in a cash and stock transaction that is expected to close, subject to licensing and regulatory approvals, in Q4 2020.

Founded in 2014, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, its first receiving market in Asia. Sendwave will continue to operate independently and retain its mobile applications, brand, management, employees and key partners.

“Both WorldRemit and Sendwave share a common purpose: allowing customers to easily and cost effectively send financial support to families, friends an ... Read more »

TransPod project poised to create 38,000 jobs and put the province at the forefront of innovation

EDMONTON, Alberta-Tuesday 25 August 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- TransPod, the startup that is building the world’s leading hyperloop system (the TransPod system) to disrupt and redefine commercial transportation, today announced it has signed a memorandum of understanding (MOU) with the Government of Alberta in Canada to support the development of safe, high-speed transportation in Alberta, based on the 1000 km/h TransPod vehicle. The MOU facilitates the process of attracting private investment to the province, in order to build a multi-billion-dollar infrastructure project. The project is estimated to create up to 38,000 jobs over 10 years, diversify Alberta’s economy, improve the efficient movement of people and goods, and reduce Alberta’s carbon emissions by up to 300,000 tonnes per year.

The MOU will see Alberta Transportation: