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Tag: ncr

  • Transactions: Amex, Boost team up on virtual card

    Transactions: Amex, Boost team up on virtual card

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    American Express and Boost Payment Solutions will provide commercial card processing to U.S.-based American Express merchants, the pair announced Sept. 30.  Amex merchants will have access to Boost’s straight-through processing solution, Boost Intercept, allowing them to accept virtual cards while avoiding manual processes, Boost founder and Chief Executive Dean Leavitt told Bank Automation News. “Participating […]

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  • Transactions: Visa, Temenos team up for global payments | Bank Automation News

    Transactions: Visa, Temenos team up for global payments | Bank Automation News

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    Financial technology provider Temenos will integrate money movement solution Visa Direct to its platform to provide banks with international money transfer capabilities.  Visa Direct will allow Temenos’ bank customers to use cross-border payments like person-to-person payments, funds disbursements and bill payments. By working with Visa, Temenos is providing banks the flexibility to choose what kind […]

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  • KeyBank, Qolo launch virtual account management service | Bank Automation News

    KeyBank, Qolo launch virtual account management service | Bank Automation News

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    KeyBank launched its virtual account management solution, Key Virtual Account Management, powered by payments platform Qolo, on May 7.   Key Virtual Account Management (KeyVAM) is a modern core operating account targeted for small business clients, larger corporate clients and everyone in between, Jon Briggs, head of commercial product and innovation at KeyBank, told Bank Automation […]

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  • Transactions: BNY Mellon, Accenture team up to boost data and analytics services | Bank Automation News

    Transactions: BNY Mellon, Accenture team up to boost data and analytics services | Bank Automation News

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    BNY Mellon has selected technology services provider Accenture to enhance the bank’s data and analytics services.  The bank will use Accenture’s AI and data expertise to introduce new services and create new client experiences, according to an April 15 release. BNY Mellon’s Data and Analytics business provides software and data management to more than 800 […]

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  • Greylock FCU selects Alkami | Bank Automation News

    Greylock FCU selects Alkami | Bank Automation News

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    Greylock Federal Credit Union has selected Alkami to improve its digital banking offerings.  The $1.5 billion credit union will implement the Alkami Digital Banking Platform to provide online and mobile banking to its retail and business clients, according to Alkami’s March 5 release.  Plano, Texas-based Alkami will also provide the following to the credit union:  […]

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  • NCR drives self-service banking | Bank Automation News

    NCR drives self-service banking | Bank Automation News

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    NCR Atleos reported that its self-service banking business continued to grow in the fourth quarter.   NCR added more than 2,000 ATMs in the quarter, making the total number of active units 20,000, Chief Executive Tim Oliver said during NCR’s Q4 earnings call on Feb. 14. NCR supplied hardware, software and operational services, according to NCR’s […]

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  • Sunbit taps Citi for debt warehouse facility | Bank Automation News

    Sunbit taps Citi for debt warehouse facility | Bank Automation News

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    Buy now, pay later provider Sunbit has raised $310 million from Citi and Ares Management credit funds for a debt warehouse facility.  The company aims to use the money to deepen its penetration in automotive, dental and health care industries, co-founder and Chief Executive Arad Levertov told Bank Automation News. “We are in 10,000 car […]



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  • Mitra Chem looks to Arc’s financing marketplace for debt financing | Bank Automation News

    Mitra Chem looks to Arc’s financing marketplace for debt financing | Bank Automation News

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    Digital bank Arc launched a venture debt financing platform to fill a gap in the market that surfaced during the 2023 banking crisis.   When Silicon Valley Bank collapsed in March, the venture debt marketplace was left underserved, which “unlocked this market opportunity for [Arc],” Chief Executive Don Muir told Bank Automation News. Venture funding was […]

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  • Delhi pollution: Entry of trucks banned as air quality turns ‘severe’

    Delhi pollution: Entry of trucks banned as air quality turns ‘severe’

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    Amid rising pollution in Delhi, the Commission for Air Quality Management (CAQM) on Thursday ordered the governments of Uttar Pradesh, Haryana, and Rajasthan to stop the entry of trucks into the national capital. Delhi’s air quality plunged into the ‘severe’ category on Thursday.

    Trucks carrying essential commodities, providing essential services, and all CNG/electric trucks are exempted from the ban. The order stated that the ban is on plying of 4-wheeler diesel LMVs (Light Motor Vehicles) in the National Capital Territory of Delhi and Districts of NCR bordering Delhi, except BS-VI vehicles and vehicles used for essential/emergency services.

    The commission has ordered state governments to abide by “with immediate effect” and impose a ban under “stage 4” of the Graded Response Action Plan in the NCR. Children, the elderly, and those with respiratory, cardiovascular, cerebrovascular, or other chronic diseases are advised to avoid outdoor activities and stay indoors as much as possible.

    Under stage 4 of the plan, all industries in Delhi and NCR need to be closed down. However, industries like milk and dairy units and, and those involved in the manufacturing of life-saving medical equipment/devices/drugs and medicines will be exempted from the restrictions.

    The commission said that as per the dynamic model and weather/meteorological forecast, the overall air quality over Delhi is likely to remain in the ‘severe to severe plus’ category from November 3 to 5, 2022.

    The central government may take a decision on permitting work from home for central government offices. The order read that the state governments may consider additional emergency measures like the closure of schools, colleges, and educational institutions, closure of non-emergency commercial activities, and plying of vehicles on an odd-even basis.

    Also WATCH: WhatsApp Makes Some BIG announcements!

    Also read: Delhi’s air quality remains ‘very poor’, Noida hits ‘severe’; check details here

    Also read: Delhi NCR air pollution gets severe: Best air purifiers you can get under Rs 10,000

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  • Construction activities banned in Delhi-NCR area amid worsening pollution levels

    Construction activities banned in Delhi-NCR area amid worsening pollution levels

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    Central government’s air quality panel, on Saturday, directed authorities in the National Capital Region to implement curbs such as a ban on construction and demolition activities as the air quality nears ‘severe’ category in Delhi.

    The new set of restrictions were imposed in Delhi under Graded Response Action Plan (GRAP) stage III. The GRAP Sub-Committee decided to implement GRAP Stage III of in the entire NCR in a move to prevent further deterioration of air quality. It should also be noted that the new restrictions are in addition to the restrictive actions mentioned in GRAP Stage I and II.

    The restrictions won’t be applicable on essential projects concerning national security, defence, railways and metro rail among others. It further noted that even mining activities also will not be allowed in the region. This ban is likely to affect housing projects in Noida, Ghaziabad, Gurugram and other areas.

    Commission for Air Quality Management (CAQM), in a notification said, “All actions as envisaged under Stage III of the GRAP – ‘Severe’ Air Quality, to be implemented in right earnest by all the agencies concerned, with immediate effect in the NCR.”

    The air quality panel also said that states might also impose restrictions on the plying of BS III petrol and BS IV diesel four-wheelers in the NCR considering the recent drop in the air quality.

    As per CAQM, the GRAP Stage 3 is implemented due to unfavourable meteorological conditions with slower wind speeds and a sudden spike in farm fire incidents. It stated, ”Due to unfavorable meteorological conditions with slower wind speed and sudden spike in the farm fire incidents, it was considered necessary to implement Stage III of GRAP with immediate effect in the entire NCR.”

    What is Graded Response Action Plan (GRAP)

    GRAP is a set of anti-air pollution measures followed in the capital and its vicinity according to the severity of the situation.

    It classifies the air quality in the Delhi-NCR under four different stages: Stage I – ‘Poor’ (AQI 201 – 300); Stage II – ‘Very Poor’ (AQI 301 – 400); Stage III – ‘Severe’ (AQI 401 – 450); and Stage IV – ‘Severe Plus’ (AQI > 450).

    The ban on construction and demolition activities covers earthwork for excavation, boring and drilling; fabrication and welding operations; loading and unloading of construction material; transfer of raw material, including fly ash, either manually or through conveyor belts and vehicular movement on unpaved roads.

    It also bans the operation of batching plants; laying of sewer lines, waterline, drainage work and electric cabling through open trench system; cutting and fixing of tiles, stones and other flooring materials; grinding activities; piling work; water proofing work; road construction and repair works, including paving of sidewalks, pathways and central verges among others.

    However, milk and dairy units and those involved in manufacturing of life-saving medical equipment, drugs and medicines have been exempt from the restrictions.

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  • Air pollution: 24 industrial units issued closure orders for violating GRAP guidelines

    Air pollution: 24 industrial units issued closure orders for violating GRAP guidelines

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    The centre panel on air quality has issued closure orders to 24 industrial units in the NCR for grossly violating the air pollution-related statutes and guidelines since invoking the first stage of its Graded Response Action Plan (GRAP).

    The measures were enforced in the National Capital Region (NCR) on October 5 by The Commission for Air Quality Management (CAQM) on October 6.

    Since then, a total of 472 incognito inspections have been carried out by the commission in industrial areas and construction projects across NCR and 52 grossly violating units and projects have been issued closure orders, CAQM said in a statement on Friday.

    “Closure orders have been issued to 24 grossly violating industrial units. Of these, 05 industrial units were still found using coal and other unapproved polluting fuels,” the CAQM said.

    “Unfavourable climatic and meteorological conditions that generally prevail in the NCR during winters and farm fires have begun to adversely impact the air quality in the region,” it added.

    Predicting the air quality to deteriorate by the weekend, the CAQM had on Wednesday directed authorities to enact ‘Stage II’ of the Graded Response Action Plan — a set of anti-air pollution measures followed in the national capital and its vicinity as per the severity of the situation.

    The second stage plan includes banning the use of coal and firewood in hotels, restaurants and open eateries. The use of diesel generators, except for essential services, is also banned.

    GRAP is classified under four stages, depending on the air quality in Delhi. Stage I is implemented in case of ‘poor’ air quality (AQI 201-300); Stage II for ‘very poor’ (AQI 301-400); Stage III for ‘severe’ (AQI 401-450) and Stage IV for ‘severe plus’ (AQI >450).

    If the situation turns ‘severe’, authorities will have to enforce a ban on construction and demolition activities in NCR, except on essential projects (such as railways, metros, airports, ISBTs, national security/defence-related projects of national importance) and non-polluting activities such as plumbing, carpentry, interior decoration and electrical works.

    Brick kilns, hot mix plants and stone crushers not operating on clean fuels and mining and associated activities in NCR will also be banned.

    The state governments in Delhi-NCR may also impose restrictions on Bharat Stage (BS)-III petrol and BS-IV diesel light motor vehicles (four-wheelers).

    The measures in the ‘severe plus’ category or Stage IV include a ban on the entry of trucks into Delhi and the plying of Delhi-registered diesel-run medium goods vehicles and heavy goods vehicles in the national capital, except those carrying essential commodities.

    Four-wheeled diesel light motor vehicles, except BS-VI and those engaged in essential services, will also be banned in Delhi and bordering districts of NCR.

    Stage IV will also trigger a ban on industries running on dirty fuels and construction and demolition activities in linear public projects such as highways, roads, flyovers, over bridges, power transmission and pipelines.
     

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