Image: The GAIA platform enables clients to manage their exploration portfolios in line with their corporate strategies. Photo: courtesy of Schlumberger. Oilfield services company Schlumberger and IHS Markit, a global provider of information, analytics, and solutions. are partnering on the GAIA digital subsurface platform.The partnership between WesternGeco, the seismic and geophysical data solutions division of Schlumberger and IHS Markit will combine their data, technology, and expertise on exploration and production (E&P) information and make it available through the GAIA digital subsurface platform.WesternGeco introduced the GAIA platform to speed up data discovery, screening and ranking of their clients’ exploration opportunities by providing access to all relevant and licensed data.WesternGeco president Maurice Nessim said: “As we embrace openness, our strategic collaboration with IHS Markit enables our clients to take advantage of a wealth of data, accessible through the GAIA platform, where the latest digital technologies can be used to unlock data value for critical business decisions.“Our relationship extends beyond providing access to seamlessly integrated IHS Markit data, WesternGeco multiclient libraries, and public and partner data—all in one place. It also includes collaboration in petrotechnical and data science R&D to rapidly deliver new data solutions on the GAIA platform.”GAIA platform is powered by DELFI cognitive E&P environmentThe GAIA platform, powered by the DELFI cognitive E&P environment, transforms the explorationist’s productivity and experience.Initially, IHS Markit will provide direct access to its global E&P datasets, including well, production and asset information from within the platform.The amalgamation and visualisation of critical content is expected to lead to new insights, enhanced workflows and improved efficiency in the exploration, development and production of oil and gas resources.IHS Markit senior vice president of Energy Upstream said: “Bringing critical data sources together to help our clients improve efficiencies and extract more value from their assets is the primary goal of this endeavour. Since speed to decision is such a critical issue and data volumes continue to expand rapidly, clients will benefit from the increased use of artificial intelligence and various data science technologies to more quickly interrogate our global E&P database in new ways.”In September, Schlumberger and TGS had announced a new 3D multiclient reimaging project in the Egyptian Red Sea.The project involves reimaging data from three overlapping seismic surveys totaling 3,600km2 that were acquired between 1999 and 2008. The GAIA platform, powered by the DELFI cognitive E&P environment, transforms the explorationist’s productivity and experience
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Back to overview,Home naval-today USA: Ergonomics of Bombs at Sea November 7, 2013 Share this article USA: Ergonomics of Bombs at Sea In an effort to stem work-related injuries and speed the assembly of munitions aboard aircraft carriers, the Office of Naval Research (ONR) spearheaded the development of a more efficient and ergonomic way to build bombs at sea, officials announced Nov. 6.The ONR-sponsored improvements will allow Sailors to move around more freely and assemble multiple bombs simultaneously on smaller, individual stands.“The main objective here is to improve the quality of life for Sailors,” said Tom Gallagher, who manages the ONR TechSolutions program that oversaw the improvements. “They asked for a better, safer, more comfortable way to build these weapons, and that’s what we’re delivering.”For safety reasons, crews try to avoid storing assembled bombs aboard ships. Instead, Sailors work in the ship’s magazine to put together weapons as needed.In addition to being heavy, bombs include many components such as noses, tails, fuses, lugs and wires that have to be assembled without power tools. Until now, this has been done on a long table in confined space, requiring repetitive and often awkward motions that can result in painful and costly injuries, especially to the back.During a recent demo at Naval Station Norfolk, Va., Sailors from USS George H.W. Bush (CVN 77) who had never seen the new tables before were able to set them up in less than two minutes and begin building a GBU-16, a 1,000-pound laser-guided bomb.The new stands can accommodate bombs weighing up to 2,000 pounds and be adjusted for height, eliminating the need for workers of different heights to repeatedly bend down or stretch awkwardly to reach components.The idea for the new bomb assembly tables came from ONR’s naval aviation science advisor as a result of direct interaction with Sailors. ONR then partnered with Naval Surface Warfare Center Carderock Division – Ship Systems Engineering Station (NSWCCD-SSES), BAE Systems and Newport News Shipbuilding to make them a reality.“It’s a perfect example of how a TechSolutions project is supposed to work,” said Tom McCammon, an engineering technician at NSWCCD-SSES. “We have been getting invaluable feedback from Sailors, which shortens our design cycle and helps us get this improved capability to the fleet even faster.”TechSolutions is designed to bridge the gap between warfighters and scientists by accepting requests directly from Sailors and Marines and delivering prototypes to them within 18 months.Through this and other programs, ONR is finding affordable solutions that answer Chief of Naval Operations Adm. Jonathan Greenert’s call in his 2014-2018 Navigation Plan for timely modernization to increase the proficiency and readiness of deployed forces.The next step for the prototype bomb assembly tables is to bring them aboard an aircraft carrier to allow sailors to build bombs on them in an actual magazine. This will provide valuable information how best to integrate them into a real ship environment.ONR provides the science and technology necessary to maintain the Navy and Marine Corps’ technological advantage. Through its affiliates, ONR is a leader in science and technology with engagement in 50 states, 70 countries, 1,035 institutions of higher learning and 914 industry partners. ONR employs approximately 1,400 people, comprising uniformed, civilian and contract personnel, with additional employees at the Naval Research Lab in Washington, D.C.[mappress]Press Release, November 07, 2013; Image: US Navy Training & Education
Back to overview,Home naval-today TKMS-Kongsberg JV ‘kta naval systems’ will be delivering new Type 212 CD submarine combat systems TKMS-Kongsberg JV ‘kta naval systems’ will be delivering new Type 212 CD submarine combat systems November 1, 2017 View post tag: Type 212 CD View post tag: German Navy A joint venture company formed between Germany’s thyssenkrupp, its subsidiary Atlas Elektronik and Norway’s Kongsberg was officially opened in a ceremony in Kongsberg, Norway, thyssenkrupp has announced.Named kta naval systems, the company will be the exclusive supplier of combat systems for submarines from thyssenkrupp Marine Systems.German and the Norwegian governments had signed a government-to-government agreement at the end of June 2017 for the joint development, procurement, operation and maintenance of submarines and marine ordnance.A detailed concept is currently being developed for the construction of four submarines for the Norwegian Navy and two submarines for the German Navy.It is currently planned to sign a joint contract for the new 212 Common Design (CD) submarines in 2019. Based on this, the submarines could be delivered from the mid-2020s. Eirik Lie, President of Kongsberg Defence & Aerospace AS: “The joint venture is an important step for us and the Norwegian defence industry. We have been partnering with thyssenkrupp for the past decades and are delighted to now take our partnership to the next level. Together we will deliver the next generation of combat systems and put smart defense in Europe into action.”Rolf Wirtz, CEO of thyssenkrupp Marine Systems: “The cooperation goes far beyond the production of submarines for Norway and Germany. It is the starting point for a broader cooperation between European states in the procurement of submarines. With the new joint venture and following our acquisition of Atlas Elektronik we are now in the unique position to offer the full range of services for conventional submarines including design, development, manufacture and now also the centerpiece: the combat systems.”kta naval systems is operated through headquarters in Kongsberg, Norway and a branch office in Bremen, Germany. The newly founded joint venture company is owned 50 percent by Kongsberg and 50 percent by thyssenkrupp together with its subsidiary Atlas Elektronik.It is planned that the company will deliver the combat systems under a joint procurement program of the German and Norwegian navies for the new 212CD class as well as for upcoming thyssenkrupp Marine Systems submarines. A combat system enables the submarine crew to fully perceive their surroundings, identify objects and analyze the situation in detail. It consolidates all information to permit a rapid and reliable response.In joining forces, cooperation between the German and Norwegian navies will not only reduce maintenance and training but also logistical efforts. The submarines will be based on the class 212A and specifically tailored to the requirements of the two nations.According to TKMS, the class 212CD will combine the low signatures of the class 212A with extended range, speed and endurance to allow worldwide operations. Authorities View post tag: kta naval systems View post tag: Type 212 View post tag: Royal Norwegian Navy Share this article View post tag: TKMS View post tag: Kongsberg
The University of Montana invites applications for a Lead ChineseLanguage, Culture and Regional studies Instructor with the DefenseCritical Language and Culture Program (DCLCP). DCLCP providesintensive language and culture education for members of the ActiveDuty Military, the National Guard, Reserve and IntelligenceAgencies utilizing a congressionally funded contract through theDefense Language and National Security Education Office (DLNSEO).The position may be located at Missoula, Montana, Joint Base LewisMcChord, or other location dependent upon mission requirements asassigned by the Director.The Mansfield Center Defense Critical Language and Culture Programis one of the top language and culture training centers for theDepartment of Defense in the country. We pride ourselves in ourability to not only train our military in the defense languages,but how we also include lessons in culture training. Our coursesmeet any DoD defined critical language need. Our instructors bringtheir “in-county” experience with their lessons, and many of ourcourses include college credit. We offer our lessons through a widerange of platforms, including VTC, in-residence, mobile trainingteams, and blended options – each course is tailored to individualrequirements.The Lead Instructor of Chinese Language, Culture and RegionalStudies will develop curriculum and instruct military and UnitedStates government agency personnel in intensive language andculture courses delivered over video-teleconferencing (VTC) andin-resident venues. The duration of each course ranges from one dayto one year. While classes are in session 5-6 hours of teaching perday is common per instructor, while 2-3 hours per day are used forlesson preparation, classroom management, administration andsupplementary curriculum development. When courses are not insession course materials are developed by the language instructorsfor publishing and for in-class use. The Lead Instructor isresponsible for 5-6 hours of in class teaching and design of coursecurriculum and syllabus. The Lead Instructor supervises theinstruction of other full time faculty within the languagedepartment and graduate teaching assistants.The Lead Instructor will be dedicated to the improvement of thedepartment and be able to provide constructive criticism andhelpful solutions to other instructors/GTAs. The Lead Instructorwill possess adroit observational skills and be capable of offeringfresh, creative solutions in difficult situations.Due to instruction being conducted at multiple training sites, sometravel may be required for instructors.The Lead instructor must be fluent in the target language anddemonstrate a high level of proficiency in English. The instructoris required to take an Oral Proficiency Interview and scoresuperior in Chinese Language and advanced in English beforeselection.The Lead Instructor of Language, Culture and Regional Studies willteach not only the language, but also teach cultural and regionalstudies courses in the target language or in English. Topics mayinclude but are not limited to China geography, history of China,Chinese Literature, natural resources, economy, government,ethnicities, etc.The Lead instructor must have a high level of knowledge in currentteaching methodologies and be comfortable with teaching throughtechnology using Video-Teleconferencing (VTCs), Smartboards, andiPads. Instructors must also be able to work productively in agroup (team teaching and active coordination), work effectively inan independent mode while courses are not in session and meetdeadlines. While courses are in session the instructors must beable to create and follow syllabi without oversight.Required QualificationsPh.D. in Chinese (language and/or literature), linguistics(applied linguistics is preferred), History, Anthropology, or anyrelated field.Must have experience in curriculum development for Chinese languagematerials.While employed instructors must develop curriculum based on theneeds of the program and as required by the DoD.Must have experience in instructing Chinese language andculture.Applicant must score advanced in English as tested against theOral Proficiency Interview and is required to take the OPI beforeselection and must score superior in Chinese Language.Must have knowledge of current teaching methodologies andpractices in the classroom and experience utilizing advancedclassroom technologies.Must be able to work productively within a team andindependently. Preferred QualificationsExperience in intensive language instruction, particularly in amilitary or government setting.Knowledge and experience teaching Chinese language, culture,area studies and historical studies. Job LocationMissoula,Montana, United StatesPositionTypeFull-Time/Regular Letter of Interest – addressing your qualifications andexperience related the stated required skills for theposition.Detailed Resume – listing education and describing workexperience.Professional References – names and contact informationfor three (3) professional references. Criminal Background Investigation is required prior to Offer ofEmployment In accordance with University policy; finalists forthis position will be subject to criminal backgroundinvestigations. ADA/EOE/AA/Veteran’s Preference Reasonableaccommodations are provided in the hiring process for persons withdisabilities. For example, this material is available inalternative format upon request. As an EqualOpportunity/Affirmative Action employer, we encourage applicationsfrom minorities, veterans, and women. Qualified candidates mayrequest veterans’ or disabilities preference in accordance withstate law. References *References not listed on theapplication materials may be contacted; notice may be provided tothe applicant. Testing Individual hiring departments at UM-Mmay elect to administer pre-employment tests, which are relevant toessential job functions. Employment Eligibility. All NewEmployees must be eligible and show employment eligibilityverification by the first date of employment at UM, as legallyrequired (e.g., Form I-9).How to ApplyReview of applications will begin immediately and continue untilthe position is filled.A complete application Includes:
Jesus College has begun charging student groups for the use of its rooms. Both OUSU and Jesus JCR were asked to pay for access to the newly constructed Ship Street Lecture Theatre, despite it not having been booked by any other organisation.Last week, it was discovered that Jesus JCR’s ‘Everyday Sexism’ talk with Laura Bates was oversubscribed, and a larger room was needed. After negotiation, the Ship Street Lecture Theatre was hired by the JCR at a discounted rate of £100. Similarly, the OUSU Hilary term council was requested to be held there, but College authorities quoted room rental at an undiscounted rate of £300, which OUSU declined to pay.Jesus JCR President Tom Rogers said “Although college does give us access to most of the meeting rooms for free, it’s a shame that students are being effectively denied the use of one of the best parts of their college, and being charged large sums of money for seemingly very little reason.”“At the end of the day, students are being treated like just another customer in the conference trade.” Rogers continued “It seems pointless to leave a great venue empty when students want to use it for worthwhile events that show off the best of Jesus College.”OUSU Academic Affairs Officer David Messling, told Cherwell that “most colleges will allow OUSU Council, for instance, to be held for free, given that all their students are OUSU members.”OUSU president-elect Tom Rutland commented “Colleges should be welcoming student engagement with groups like ‘Everyday Sexism’ and involvement in their Student Union, not charging them to host these events. When new facilities are built off the back of donations from alumni and sold as ‘great for students’ it’s disappointing that in some colleges, students rarely get a chance to use them.”He continued “If the rooms aren’t being used for something else at the time, it seems extremely unfair to charge the student body to use them. Jesus College prides itself on its commitment to equality and diversity, so to charge the JCR for an equalities event’s move simply because it was so popular is pretty disappointing.”Jesus College declined to comment.
Tests for enterovirus infection are typically only undertaken on individuals admitted to hospital with conditions such as chest infections and meningitis. Although enterovirus infection is not notifiable, PHE receives reports of confirmed enterovirus infection from NHS laboratories, and offers specialist typing for very serious cases – including children with AFP. 68 cases of laboratory confirmed EV-D68 infection have been diagnosed in 2018 – though many other cases occur but remain undiagnosed. 12 cases of AFP have been associated with an enterovirus. EV-D68 has been detected in 8, EV-C104 in 1, and coxsackie B1 in 1; in 2 cases the enterovirus was not typeable. PHE is looking into the potential causes of the apparent rise in reports of AFP, including the role of EV-D68 or other infections. This will include ensuring that healthcare professionals’ are aware of and can access guidance on the investigation and management of such cases. PHE is also supporting healthcare providers by developing up-to-date information for patients and/or parents.AFP can be difficult to diagnose because there are many other causes of weakness. Doctors will typically examine a patient’s nervous system and look at images of the spinal cord and brain. They can also test the fluid around the brain and spinal cord and may check the nervous system conduction.Doctors should report any suspected cases of AFP to Public Health England and samples should be sent to specialist labs for additional testing.Background AFP is very rare. However, if you or your child develops weakness in any limb you should seek medical care immediately so that appropriate testing and care can be given. We are investigating potential causes and working hard to build better awareness amongst health care professionals about how to test and manage patients with AFP. We are ensuring up-to-date information is available for patients and their families who may be affected. 19 December 2018Public Health England (PHE) is investigating an increase in reported cases of a rare condition called acute flaccid paralysis (AFP). So far in 2018, 28 cases have been reported in England, the majority of which have been since September. A rise in reported cases has also been seen in the US.AFP affects the nervous system, causing one or more of the limbs to become weak or floppy – and may look similar to polio. It tends to particularly, though not exclusively, affect children. It is very rare, so PHE is stressing that if an adult or a child develops weakness in any limb they should seek medical attention so appropriate testing and care can be given.Typically, a handful of cases of AFP are reported to PHE each year for investigation. PHE monitors these types of symptoms as part of the World Health Organization’s (WHO) requirements to monitor for polio and confirm it remains eliminated in the UK.Certain viruses are known to cause AFP including polioviruses and non-polio enteroviruses. Enteroviruses commonly cause mild infections with a range of symptoms including colds, coughs and diarrhoea. Such illnesses from viral infections are common, especially in children, and most people recover. Enterovirus D68 (EV-D68) and other viruses have been detected in several cases of AFP so far in 2018. The risk of developing neurological symptoms due to EV-D68, or any other viral infection is extremely low.Dr Mary Ramsay, Head of Immunisations at PHE said: Latest updateFollowing Public Health England (PHE)’s ongoing investigation into the increase in reported cases of AFP, a total of 40 cases have been reported in the UK across 2018. Many of these were reported months after the initial diagnosis.Up until August 2018, 6 cases of AFP occurred which was then followed by a rapid rise in the number of people showing symptoms of AFP during September 2018. The number of reported cases peaked in October 2018 and have declined since. The cases were scattered across the United Kingdom.Dr Mary Ramsay, Head of Immunisations at PHE said: Our investigations into potential causes are ongoing, and we are continuing to build better awareness amongst health care professionals about how to test and manage patients with AFP. We are not clear whether all of the apparent increase is real, or whether this represents increased awareness and diagnosis over recent years. The current best theory is that this is a very rare consequence of enterovirus infection, as the increase coincides with increases in infection. Enterovirus D68 (EV-D68) has been found in around one quarter of cases. However, as the infection is very common, and most children have been infected by the age of 5 years, there must be other factors involved.
Sixmunicipalities honored for outstanding community development projects IMPLEMENTATION GRANTS $300,000Subgrant to Good Samaritan Haven to rehab their current emergency shelter facilityand construct an addition. The rehab will include installation of asprinkler system, upgrades to heating and ventilation system, structuralrepairs and ADAimprovements. The addition will include a fully accessible bathroom andcommon space. PLANNING GRANTS Community Development Champion: EdwinStretch. Ed built Gilman HousingTrust into a full fledged community development organization, enlarging theportfolio to include more than 400 affordable homes and apartments whileeffectively reinvigorating village centers and downtowns in the NortheastKingdom—Vermont’s most rural and economically challenged area. Thedevelopment work reflects Ed’s tenacity, his leadership skills, and hisvision for community development. The largest Vermont Community Development Program award –$500,000 – will help the Vermont Tubbs furniture factory in Brandon continue its recovery and preserve 87 jobs in Brandon by providingneeded capital. Other Vermont Community Development Program grants include a $300,000grant to City of Barre which will be used by the Good Samaritan Haven torehabilitate and expand their current emergency shelter, and a $275,000 grantto the Town of St. Johnsbury that will assist the Gilman Housing Trust inacquiring and rehabilitating shelter for women and families victimized bydomestic abuse. “These grants are so important because they will leverage over$4.5 million in other resources and help address critical needs in thesecommunities,” the Governor said. MONTPELIER, Vt. — (April 15, 2008) Governor Jim Douglas on has announced the awardof $1.6 million in community development grants to six communities that will provideaffordable housing, preserve jobs, and create shelter and housing for victimsof domestic violence. The Vermont Agency of Commerce and Community Development awardsthe competitive grants, based on recommendations of the Vermont CommunityDevelopment Board and approval of Secretary Kevin Dorn. Governor Douglas also praised the dedication of community leaders andvolunteers who work cooperatively with the State of Vermont to support and improve the qualityof life for Vermonters. VCDP 2007 CYCLE II AWARDS Economic Development Award:Town of Jay, Jay PeakGolf. Through this $748,664 VCDP grant to the Town a loan was provided to JayPeak Inc. to help fund the construction and operation of an 18 hole golf courseand academy at the base of the existing Jay Peak Ski Resort. The additionof the Jay Peak Golf Course to Jay Peak Ski Area has allowed it to become ayear round resort, providing year round employment to an additional 46individuals in Orleans and Franklin Counties. City of Rutland $15,000Grant to complete a marketing/management analysis in order to attract retailbusinesses to empty storefronts in the Special Benefits District located in theCity. Public Facility Award:City of Barre,Battered Women’s Services and Shelter. Through this $190,000 VCDP grantthe City provided a sub-grant of VCDP funds to the Battered Women’s Servicesand Shelter (BWSS), a non-profit organization providing service to women andchildren fleeing domestic violence, to make the facility handicappedaccessible, create 4 additional bedrooms, increase and improve common areas,add storage space for donations, and additional site improvements.. $1,566,500 Total Implementation Grants $60,000 Total Planning Grants$1,626,500 Total Grants Housing Award: Townof Middlebury,Stone Hill Housing. Through this $600,000 VCDP grant to the Town a deferredloan was provided to Housing Vermont and Addison County Community Trust todevelop 26 units of multi-family affordable housing on a rocky 3.88 acre parcelof land in Middlebury and 18 of the units are designated to low to moderateincome families. City of Barre Gov. Douglas AnnouncesAchievement Awards and $1.6 Million in Community Development Grants Commissioner’s Award: Town of Groton,Groton Housing. Through this $454,100 VCDP grant the Town provided a deferredloan to Gilman Housing Trust and Housing Vermont which assisted in the creationof 19-units of affordable housing, benefiting 41 low-to-moderate-income Groton residents. Not onlydid the $7 million project create and preserve 19 safe, attractive andaffordable apartments, it also provided new space for the critical elements ofany successful rural town—a new town library, space for local businesses,and streetscape and park improvements. $191,500Deferred loan/subgrant to Gilman Housing Trust, Inc. to rehabilitate the107-119 Main Street Newport property currently owned by the Passumpsic SavingsBank for creation of 13 units of affordable senior housing. Town of St. Johnsbury $275,000 Subgrant to Gilman Housing Trust to acquire and rehabilitate 418Railroad Street for Umbrella, an non-profit organization that providescounseling and shelter for women and their families who are victims of domesticabuse, to create 8 units of shelter and transitional housing in St. Johnsbury. Town of Randolph $30,000Subgrant to Randolph Area Community Development Corporation to conductpredevelopment work for a mixed use development at the former Ethan Allenproperty on Salisbury and School Street which will consist of locating allunderground utilities, making recommendations regarding the roads andutilities, performing a traffic study, performing the architectural assessment,and other related activities. Town of Brandon $500,000Loan to Vermont Tubbs furniture manufacturing plant to retain 87 jobs in Brandon, of which 77 % ofthe employees meet the current Low/Moderate income guidelinesrequirement. For information about the Vermont Community Development Program, pleasesee the Agency of Commerce and Community Development website at: http://www.dhca.state.vt.us/VCDP/index.htm(link is external) ### VCDP COMMUNITY ACHIEVEMENT AWARDS City of Newport “This grant to the town of Brandonwill be loaned to Vermont Tubbs and will allow them to continue theirturnaround,” the Governor said. “This is an investment in a companyand jobs that are critical to Rutland County.” The grant announcements were made Tuesday at an awards ceremony held tohonor four communities – Middlebury, Jay, Barre, and Groton, as well anexceptional individual who has worked in community development for over 15years – for their outstanding work and 13 additional communities that completedVermont Community Development Program (VCDP) projects in 2007.
Sovernet adds Winooski VT to its OC 192 SONET NetworkBellows Falls, VT August 26, 2008 – Sovernet, a leading provider of telecommunications services in Northern New England, announces the extension of Winooski, VT to their Redundant OC 192 SONET Network.”As part of our continuing next-generation network strategy, we want to evolve our network to one that maximizes service opportunities, reduces overall costs and quickly adapts to changing customer requirements,” says Brandon Peyton, Sovernet’s Director of Operations. “The flexibility of the SONET Network enables us to deliver a mix of services from a variety of locations to quickly support our customers without changing the network.”Three years ago, Huawei and Sovernet teamed up to implement an all-new SONET Network. This addition further enhanced the reliability of Sovernet’s local, long distance, and Internet services, plus added new service capabilities such as Gigabit Ethernet.The Huawei OptiX Metro SONET product family provides a common platform to provide rich Ethernet and traditional TDM services with line rates from OC3 through OC192. The OptiX Metro solutions are among the most compact in the industry, and can offer a variety of services from a single shelf.About Sovernet Communications:Founded in 1995, Sovernet Communications provides reliable Internet and telecommunication services to residential and business customers throughout Northern New England. Sovernet Communications is headquartered in Bellows Falls, with facilities in Burlington and Winooski, and strives to deliver superior customer care, total customer satisfaction and focuses on supporting local communities. For more information, please visit www.sover.net(link is external).
20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Charles Fagan Charles E. “Chuck” Fagan, III is President and CEO of PSCU, a credit union service organization that leverages the cooperative model to better serve credit unions and their members through … Web: www.pscu.com Details One of my colleagues in the northeast purchases his snow blowers from a dealership. I asked him if he could get that piece of equipment cheaper from one of the super retailer stores. He said probably, but explained that the buying process and his service experience after the sale were more important to him than cost. When he buys from a dealership, a service technician delivers the machine and shows him how to operate it safely. When it requires maintenance, the dealer picks it up, makes the repairs and returns it. He said the dealer even sends him reminders when it’s due for service and provides free pickup and delivery. The super retailer won’t do that, he said. He mentioned the dealer even delivered a replacement machine – at no charge – on a Saturday, so he could finish clearing the snow after his blower was picked up for repair. The great service and attention he gets keeps him coming back.My friend understands and embraces the dealer’s value proposition:Benefits – Costs = ValueIt’s a simple formula and one that credit unions should certainly consider when choosing – or rather, investing in – the right payments partner to help them grow their business and serve their credit union and its members.There are many elements that define a future partner’s value proposition. That’s why the number of due diligence questions in today’s RFPs for payments processing range into the thousands. Ultimately, your credit union will base its decision on whether the benefits outweigh the costs associated with a prospective partner and lead to either a “go” or “no go” decision.Here are four tips to consider when assessing the value you should expect from a future payments partner:ServiceConsider the people and systems you would be working with on a day-to-day basis. If you want your new partnership to endure, make sure the organization places its top priority on the health and welfare of your credit union and its members. Assess through independent validation their responsiveness to all requests and concerns, and their performance on efficiently managing any issues that may arise. Find out their model for interacting with your credit union staff and their escalation process for resolving the tough issues, even the ones involving their partners. And, with service and technology becoming increasingly intertwined, find out how they are configured to resolve system outages that can disrupt service to your credit union and members.Risk ManagementLook at their risk management and fraud prevention programs and their track record in minimizing fraud losses. In this industry, it is essential to offer high-quality, responsive and intelligent fraud detection and prevention platforms that combine technology, a rich transaction history database, and industry best practices to mitigate risk. For example, PSCU offers 24/7 monitoring services for fraud transactions, as well as EMV technology, tokenization and any other credible risk management tools that may rise to relevance in the future.AnalyticsHow deeply and profoundly credit unions know their members’ financial picture and transactional behaviors can greatly enhance their ability to more successfully meet their needs. The application of analytics to an abundance of member data gathered from multiple sources gives credit unions the insights required to delight members. Check your prospective partner’s position and roadmap with regard to analytics because these applications can be the drivers of your most effective marketing and growth campaigns. Ask to see case studies with proof points and metrics of how their analytics solutions helped other credit unions execute their growth and service plans.Collaborative ConsultingIf your credit union could benefit from specific expertise in areas where resources and knowledge may be thin, you should make this a priority during your due diligence. A deep and experienced team of consultants well versed in all key areas of a credit union’s business – from portfolio analysis and management, to marketing and member service operations – can work wonders in taking your credit union to a higher level of business performance. As an example, PSCU’s consultant practice, Advisors Plus, recently partnered with Langley Federal Credit Union to acquire new card accounts, activate existing ones and increase card usage. Overall, Langley exceeded its $100 million balance goal for 2014, achieving 30 percent balance growth and 20 percent growth in its number of credit card accounts.My friend up north clearly sees the value in the friction-free experience of doing business with his snow blower dealer. When price alone becomes the most important criterion on which partnering decisions are made, we are effectively assigning a “friction” cost of zero dollars. Think of the last time you switched cell phone service providers. Did you have to re-enter all your speed dials or email contacts? Did your passwords carry over? Did you have to learn a new set of controls and functions? These are friction points. And the stakes rise when your decision impacts others, such as your members. The more risk, the more weight you need to assign to the friction factor.Although narrowing down a potential partner can be time consuming, the end result of gaining a long-term mutually beneficial relationship will be extremely valuable for your credit union and your members.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Much-needed rains—some heavy at times—are expected to fall on Long Island this week, which should help alleviate severe drought conditions in the region, forecasters said.There is a 100-percent chance that it will rain Tuesday, with the possibility that thunderstorms will bring heavy precipitation, wind gusts up to 36 mph and widespread fog after 1 p.m., according to the National Weather Service (NWS). The precipitation is likely to continue through Wednesday night, bringing up to three inches of rain, before skies clear up Thursday, the agency predicted. “Tuesday low pressure will be moving through the area and rain will be widespread,” NWS forecasters said in a statement. “During the afternoon the rain may be heavy at times along with a rumble of thunder. Southerly strong and gusty winds will develop during Tuesday and by the afternoon gusts to 30 to 40 mph will be possible across the New York City Metro area and Long Island.”Warmer air will move into the region along with the rain, with temperatures reaching the mid-50s to lower 60s. The rain comes as much of LI is experiencing severe drought conditions, except for parts of the East End, which in the midst of a slightly less severe moderate drought, the agency said.Once the storms pass, the forecast for LI is clear through the weekend. Thursday through Sunday is expected to be mostly sunny during the day and partly cloudy after sundown. Temps in the 50s during the day will drop down to the 40s by the weekend and will reach lows of the 30s overnight.