Most of the large merchants have complied with the RBI's card-on-file (CoF) tokenisation norms and 19.5 crore tokens have been issued so far, sources said. The RBI had directed the merchants to implement its tokenisation norms by June 30, 2022. The central bank has twice extended the deadline of its implementation in the past. Card-on-file or CoF refers to card information stored by payment gateway and merchants to process future transactions. According to the sources, the system is fairly well prepared as most large merchants have already adjusted. Some of them are in the process of doing it, while for some foreign entities business may not be that large for them to focus on making these changes, the sources said. There are about 19.5 crore tokens have already been issued so far and it is going up regularly, they added. Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards. The RBI in last September prohibited merchants … [Read more...] about Most large merchants comply with card tokenisation as deadline nears
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When licensing your product idea to a company, there are many things to consider. One very important aspect is some type of performance clause. If you license the rights to manufacture and sell your concept to a company and for some reason it doesn't perform, you need to be able to get those rights back. Worst-case scenario: What if the company fails to sell a single unit? Without some type of performance clause, that could very well happen. Essentially, without a performance clause, you have no recourse. You're basically giving your product away if you don't have a performance clause. For many years, I used the licensing business model to launch my ideas for new products in to the market. Nearly two decades ago, I began teaching others the simple steps needed to license an idea. Since then, I've had the pleasure of helping many independent product developers negotiate their licensing agreements. When negotiating the insertion of a performance clause, I always wait until … [Read more...] about Why Having a Performance Clause is More Critical Than Your Royalty Rate
Share to Twitter Share to Linkedin The Biden administration announced on Friday that it has approved over $8 billion in student loan forgiveness for 145,000 borrowers, under a temporary expansion of the Public Service Loan Forgiveness (PSLF) program. But the initiative is set to end in just a few months. And advocates are calling on Biden to extend it. Here are the details. Biden Administration Approves Billions in Student Loan Forgiveness Under Expanded PSLF Program In October, the Biden administration announced a broad (but temporary) expansion of the Public Service Loan Forgiveness (PSLF) program . Borrowers who commit to working for at least 10 years for certain nonprofit or government organizations can get their federal student loans forgiven through PSLF. But historically, the PSLF program has been plagued by low approval rates, complicated eligibility rules, and poor oversight. The expansion —which the Biden administration has dubbed the … [Read more...] about Education Department Approves $8.1 Billion In Student Loan Forgiveness Under Expiring Program — Will Biden Extend It?
Share to Twitter Share to Linkedin California has been a global climate leader, inspiring other countries and states to adopt even stronger policies, but the Golden State has fallen off track for its own emissions reduction targets. For a state already experiencing extreme climate impacts, rapidly cutting planet-heating emissions is more than a matter of reputation—California’s very way of life is at stake. Unfortunately, the state’s recently released draft climate plan bets California’s future on unproven technologies—but it’s not too late for the state to get back on track. New Energy Innovation research shows a handful of smart climate policies using proven technologies would rapidly reduce greenhouse gas emissions. Accelerating climate ambition would also add billions to the state’s economy, create hundreds of thousands of jobs, and protect residents from toxic air pollution. Renewing California’s climate leadership California passed its … [Read more...] about California Risks Missing Its Climate Targets. Here’s How It Can Get On Track And Add Billions In Economic Growth.
Share to Twitter Share to Linkedin It USED to be a crackhouse. Now it's being renovated. Day 6. It’s Sunday morning. I have only two days left of living on Bitcoin. I can see the US-minted light at the end of the tunnel, but the end of my week is going to be an adventure. My landlord didn’t want to take Bitcoin for rent. Understandably. I think she’d be similarly put off if I offered to pay the rent in Starbucks gift cards or in the form of a week’s supply of succulents (which are all the planting rage in San Francisco). She’s willing to accept the rent late when I’m back to using greenbacks after the week is up, but that’s a time-traveling violation of my rule for this experiment: all transactions must happen in Bitcoin. It is May 5, the deadline for my rent payment. I have to move out. The Forbes E-book On Bitcoin Secret Money: Living on Bitcoin in the Real World , by Forbes staff writer Kashmir Hill, can be bought in Bitcoin or … [Read more...] about Living On Bitcoin For A Week: Can’t Pay The Rent
The U.S. Department of Education has agreed to cancel $6 billion in student loan debt, a decision that affects about 200,000 federal loan borrowers. The borrowers had filed a class-action lawsuit against the federal agency, saying that they were stuck paying off debt from schools that misled them. Key Takeaways The federal government has decided to forgive roughly $6 billion in student loan debt to settle a class-action lawsuit involving roughly 264,000 borrowers. In the lawsuit, the borrowers alleged that they should have received forgiveness because their schools misled them. The settlement also includes refunds and credit repair. The lawsuit was originally filed in 2019 against the Trump Administration and then Secretary of Education Betsy DeVos. Biden Administration Settles Student Debt Class-Action Lawsuit Sweet v. Cardona is a class-action lawsuit filed in 2019—it was originally Sweet v. DeVos before the former Secretary of Education Betsy DeVos was … [Read more...] about Government Cancels $6 Billion in Student Loans for More Than 200,000 Borrowers
Share to Twitter Share to Linkedin The novel coronavirus can remain infectious for four weeks on banknotes, according to new research by the Australian Centre for Disease Preparedness , Australia’s top biosecurity laboratory. These findings reinforce the importance of hand-washing or using disinfecting hand sanitizer after visiting an ATM or handling cash. The researchers tested how long the coronavirus survived on both paper and polymer banknotes at various temperatures. They found that the coronavirus can survive “to at least 28 days” on both types of banknotes, which is significantly longer than the seasonal flu virus’s “demonstrated survival up to 17 days” at room temperature (20 degrees Celsius or 68 degrees Fahrenheit). “The persistence of virus on both paper and polymer currency is of particular significance, considering the frequency of circulation and the potential for transfer of viable virus both between individuals and geographic … [Read more...] about Coronavirus Can Remain On Paper Currency For 28 Days, Per New Study