Tag Archives: National

Customers angry after National Australia Bank hit by technology outage
May 26, 2018 6:00 am|Comments (0)

MELBOURNE (Reuters) – National Australia Bank on Saturday suffered what it described as a “nationwide outage” to some of its technology systems, leaving customers unable to access banking services or withdraw money.

FILE PHOTO: A National Australia Bank (NAB) logo is pictured on an automated teller machine (ATM) in central Sydney September 12, 2014. REUTERS/David Gray/File Photo

Customers took to social media to vent their frustrations, with some saying they were left unable to pay for groceries or refuel their cars.

“Loyal member for 15 years and you leave me standing at the supermarket altar with a trolley full of shopping,” said one Twitter user.

The bank tweeted just after midday (0200 GMT) on Saturday that some services were coming back online.

“We’re sorry and it’s not good enough … but we’ll get it fixed as soon as possible,” Chief Customer Officer Business and Private Banking Anthony Healy said in a video posted on Twitter.

NAB is one of Australia’s four largest retail banks with a customer base of 9 million, according to its website.

The outage follows growing customer discontent with the so-called “Big Four” banks, which have suffered numerous embarrassing disclosures at an inquiry into financial sector misconduct.

A spokesman from the bank told Reuters by telephone that it was a national outage, without elaborating on its cause.

The Bank of New Zealand [BNZL.UL], a NAB subsidiary, also experienced outages on Saturday across New Zealand, but the spokesman was unable to confirm a connection between the two incidents.

Reporting by Will Ziebell in MELBOURNE; Editing by Joseph Radford

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JPMorgan, National Bank of Canada, others test debt issuance on blockchain
April 20, 2018 6:00 am|Comments (0)

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes.

FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, U.S., September 19, 2013. REUTERS/Mike Segar/File Photo

The test on Wednesday mirrored the Canadian bank’s $ 150 million offering on the same day of a one-year floating-rate Yankee certificate of deposit, they said in a statement. The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed inhouse and is in discussions to spin off.

Participants in the experiment included Goldman Sachs Asset Management, the fund management arm of Goldman Sachs Group Inc (GS.N), Pfizer Inc (PFE.N) and Legg Mason Inc’s (LM.N) Western Asset and other investors in the certificate of deposit.

Banks have poured millions of dollars to develop blockchain, the software first created to run cryptocurrency bitcoin, to streamline processes ranging from cross-border payments to securities settlement.

“Blockchain-related technologies have the potential to bring about major change in the financial services industry,” David Furlong, senior vice president of artificial intelligence, venture capital and blockchain at National Bank of Canada, said in a statement.

JPMorgan is considering spinning off Quorum because the technology has attracted significant outside interest, Umar Farooq, head of blockchain initiatives for JPMorgan’s corporate and investment bank said in an interview.

He said it was taking too much time to field requests for help from users at other companies.

Charging for assistance is not an option because software support is not the bank’s business, a person familiar with the matter said on condition of anonymity. The source was not authorized to discuss the matter publicly.

The spin-off discussions are in the early stages and the bank has received interest from financial institutions and large enterprise technology companies, Farooq added. He declined to name the companies.

JPMorgan plans to beef up the Quorum team with dozens of engineers from the bank’s other divisions who have become familiar with the technology, he said.

Blockchain is in the early stages of development in the financial industry, but JPMorgan is optimistic about its potential, Farooq said.

“We haven’t really seen a lot of really large scale things go into production yet. There are few cases where blockchain can really shine.”

Reporting by Anna Irrera; Editing by Richard Chang

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ComplianceMate Returns to National Restaurant Association Show in 2017…
August 18, 2017 3:05 am|Comments (0)

CM Systems, LLC known for its industry-leading ComplianceMate temperature-tracking and food safety technology, will return to the 2017 National Restaurant Association (NRA) Show from May 20-23, 2017…

(PRWeb May 20, 2017)

Read the full story at http://www.prweb.com/releases/2017/05/prweb14355746.htm


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ComplianceMate Returns to National Restaurant Association Show in 2017…
August 17, 2017 12:35 am|Comments (0)

CM Systems, LLC known for its industry-leading ComplianceMate temperature-tracking and food safety technology, will return to the 2017 National Restaurant Association (NRA) Show from May 20-23, 2017…

(PRWeb May 20, 2017)

Read the full story at http://www.prweb.com/releases/2017/05/prweb14355746.htm

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Ke$ha Celebrates National Coming Out Day
November 10, 2016 11:19 pm|Comments (0)

‘We R Who We R’ T-shirts support the Human Rights Campaign.
By Jocelyn Vena

<P><a href=”http://www.mtv.com/music/artist/kesha_/artist.jhtml”>Kesha</a> has joined forces with the Human Rights Campaign to help celebrate National Coming Out Day on Tuesday (October 11). </P><P> </P><P>The pop singer created a special message T-shirt, featuring a purple zebra, that <a href=”/news/articles/1653432/kehas-we-r-who-we-r-video-is-hot-and-dangerous.jhtml”>proclaims “We R Who We R,”</a> the title of her hit anthem about individuality. The shirts sell for $ 35, with all proceeds supporting the HRC’s work to achieve equality for the LGBT community. </P><P> </P><P>According to the <a href=”http://www.hrc.org/press-releases/entry/human-rights-campaign-unveils-t-shirt-collaboration-with-kesha” </P><P>target=”_blank”>HRC website</a>, only 1,000 shirts will be produced. </P><P> </P><P>Others are also using the day to bring awareness to LGBT issues. Several notable celebrities will be honored by the Equality Forum, which is hosting an event and profiling notable LGBT members in pop culture. </P><P> </P><P>As <a href=”http://miamiherald.typepad.com/gaysouthflorida/2011/10/lgbt-history-month-honors-ricky-martin-wanda-sykes-ryan-murphy-pedro-zamora-27-other-icons.html#ixzz1aTgr8yl4″ target=”_blank”>LGBT History Month</a> rolls on throughout October, Ricky Martin, Wanda Sykes, “Glee” creator Ryan Murphy and Pedro Zamora, a former “The Real World” castmember turned AIDS activist, all will be profiled by the organization. </P><P> </P><P>”We’re the only minority worldwide that’s not taught history at home, in school or religious institutions,” said Malcolm Lazin, Equality Forum’s founder and executive director. “Like every group that’s been marginalized, it really helps to make the case why we should take real pride in ourselves and our community.” </P><P> </P><P>Since launching the program five years ago, over 200 icons have been profiled, including Jane Lynch, Lady Gaga and Neil Patrick Harris. Lazin called LGBT month “empowering and life affirming.” </P><P> </P><P>The message comes amid increased awareness about young people being bullied, including MTV’s <a href=”http://www.athinline.org”>A Thin Line</a> campaign. The MTV film <a href=”http://www.mtv.com/shows/disconnected/series.jhtml”>”DISconnected,”</a> which premiered Monday night, focuses on issues in a world where technology controls personal lives. </P><P> </P><P>”I see the viciousness of people every day,” said <a href=”/news/articles/1672289/jersey-shore-vinny-disconnected-fight-negativity.jhtml”><P>id=”1672289″>”Jersey Shore” star Vinny Guadagnino</a> on the “DISconnected” after show. “I kind of want to be a soldier in the field, so to speak, and try to combat the negativity with a positive message. I want to help open people’s eyes up, like this movie does, to the negativity.” </P><P> </P><P><b>Check out the <a </P><P>href=”http://www.facebook.com/MTVDisCONNECTED”>Facebook</a> page for <a href=”http://www.mtv.com/shows/disconnected/series.jhtml”>”DISconnected.”</a></b></p>

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Hawaii-Based Firm Unlocks “Dark Energy” Data in National…
August 21, 2016 8:25 am|Comments (0)

R.P. Delio and Company announce that the latest commercial installations of their Waypoint Power™ “SCADA in the Cloud” subscription-based platform has taken it across the Nation, to Georgia, New York,…

(PRWeb August 21, 2016)

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National Association of Professional Women Inducts Cheryl Gnad, Owner…
March 28, 2016 4:55 am|Comments (0)

Cheryl Gnad selected for her outstanding leadership and commitment within her profession

(PRWeb March 27, 2016)

Read the full story at http://www.prweb.com/releases/2016/03/prweb13284668.htm


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