Aliant Payments to Pay Its Employees a Compensation Package in Cryptocurrency

FORT LAUDERDALE, Fla. (PRWEB) October 16, 2019

Aliant Payments, a leading U.S. based provider of merchant services and payment processing, announced today that it will be paying each of its employees part of their compensation package in cryptocurrency. The employees will be paid in a combination of Bitcoin and Litecoin.

“The fintech industry is growing and changing rapidly, and this is a way for our employees to be a part of Aliant’s involvement in this shift to digital currency,” said Aliant CEO Eric Brown. “Each member of the Aliant team now has a vested interest in cryptocurrency not just as something they work on in the office. The more our team utilizes digital currency, the better our customer user experience will be. This benefits Aliant as a company, and our employees as invested customers.”

Aliant became one of the first payment processing companies to offer merchants the ability to accept cryptocurrency payments in September 2017. In July 2018 it announced that it had developed its own domestic, fully compliant solution that processes crypto payments, converts cryptocurrency to USD, and offers merchants next day payouts. Aliant’s payment processing system, called CryptoBucks, mitigates the risk of volatility of cryptocurrencies for merchants, making easier the adoption of cryptocurrencies by anyone.

“Adoption happens when you’re able to earn cryptocurrency, and then go on to spend it,” said Aliant CEO Eric Brown. “Being a leader in the crypto and payments space, the Aliant team is always working to educate merchants, and lead by example. I'm so grateful to work with this amazing team, and I can’t think of a better way to compensate them for the value they bring to our community."

For more information, please contact Casey Olsher at casey(at)aliantpayments.com.

About Aliant Payments

Aliant Payments is a South Florida‐based financial technology company providing credit, debit, ACH and cryptocurrency payment processing for merchants worldwide. Founded in 2003, Aliant continues to pioneer the payment processing landscape. To learn more about Aliant Payments, please visit http://www.aliantpayments.com.

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Carnegie Council Celebrates the Sixth Global Ethics Day

NEW YORK (PRWEB) October 16, 2019

Held every October, Global Ethics Day provides an opportunity for organizations around the world to hold events for people to explore the crucial role of ethics in their professions and their daily lives. This year, Carnegie Council is partnering with Bruce Weinstein, The Ethics Guy®, for a webinar on business ethics and will highlight events from around the world on GlobalEthicsDay.org.

“Global Ethics Day is the focal point on the calendar to reach our constituents all around the world,” says Joel Rosenthal, Carnegie Council president. “We launched it in 2014 hoping that it would start a movement and each year we see its influence grow. We’re excited to see what this year will bring.”

The 45-minute webinar with Weinstein, entitled "How Ethical Leadership is the Key to Sustained Success in Business,” will be the centerpiece of Carnegie Council's celebration and will take place at 11 a.m. ET on October 16. Terri Civitello, associate director of ethics and compliance at the Otis Elevator Company; Mike Valentine, CEO of Baxter Credit Union; and Carol Tate, director of global ethics and compliance and associate general counsel for Intel Corporation, will appear on the webinar, which will focus on why businesses cannot afford to hire a single dishonest employee.

Weinstein also published an article on "Forbes" online on October 14 in observance of Global Ethics Day, entitled “Seven Bold Leaders Reveal How Ethical Leadership Is A Boon To Business.” The article features business executives explaining the benefits of ethical leadership.

In addition, Carnegie Council has partnered with the Association of Chartered Certified Accountants (ACCA) and CFA Institute to produce eight interviews with business leaders on the importance of ethics, entitled “Ethics in Business: In Their Own Words.” Featuring Helen Brand, ACCA chief executive, and Paul Smith, outgoing CFA Institute CEO, and other business leaders, the eight full interviews and three short compilation videos featuring highlights of the talks are available on Carnegie Council’s YouTube channel. In addition, these interviews have been turned into six half-hour television shows, currently airing on CUNY TV in the New York City metro area.

ACCA and CFA Institute have also announced several other Global Ethics Day events taking place around the world, including a breakfast event at the European Parliament in Brussels; the Singapore Ethics Film Festival, in partnership with ACCA Singapore, running from October 16-24; the CFA Society Singapore and CFA Society Malaysia University Ethics Challenge; roundtable/speaker sessions around Pakistan, in partnership with ACCA Pakistan; and an ethics session at CFA Society Australia Investment Conference.

Global Ethics Day will also be observed around the world at schools, businesses, and non-profit organizations. A few highlights include: a conversation on national security with Senator Tammy Duckworth (D-IL) for the Leadership, Ethics, and Practice (LEAP) Initiative at the The George Washington University’s Elliot School of International Affairs in Washington, DC; a radio program focused on ethics on Radiotelevision Española in Spain; a symposium entitled “Ethics and Creative Practice” at Arts University Bournemouth in the United Kingdom; talks on ethics and a formalized commitment to ethical behavior for all 3,500 employees at Auditor-General South Africa; and a panel on ethics at the Brazilian Association of Professionals for Sustainable Development.

Go to GlobalEthicsDay.org for a full list of events and participating organizations and ideas and inspiration for other Global Ethics Day activities.

ABOUT CARNEGIE COUNCIL

Founded by Andrew Carnegie in 1914, Carnegie Council for Ethics in International Affairs is a forum for the world's leading thinkers, experts, and decision makers. Through lectures, workshops, panel discussions, conferences, interviews, articles, and a wealth of free multimedia online resources, the Council has earned a reputation as an honest, objective voice for ethics in international affairs. Go to https://www.carnegiecouncil.org.

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St. Louis Fed’s Bullard Discusses Insurance against Downside Risk for the U.S. Economy

LONDON (PRWEB) October 15, 2019

Federal Reserve Bank of St. Louis President James Bullard presented "Insurance against Downside Risk for the U.S. Economy" at the 2019 Monetary and Financial Policy Conference on Tuesday.

Bullard noted that the U.S. economy is slowing down relative to 2017 and 2018. The economy faces downside risk that may cause a sharper-than-expected slowdown, which “may make it more difficult for the Federal Open Market Committee (FOMC) to achieve its 2% inflation target,” he said.

He pointed out that the FOMC has tried to help insure against this downside risk by dramatically altering the path of monetary policy during 2019. “The FOMC may choose to provide additional accommodation going forward, but decisions will be made on a meeting-by-meeting basis,” he said.

A Slowing U.S. Economy and Downside Risks to Growth

Bullard pointed out that the U.S. economy grew at a 2.5% pace during 2018, but growth for 2019 has long been expected to be slower as the economy returns to its potential growth rate. “The key risk is that this slowing may be sharper than anticipated,” he said.

“It is possible that a sharper-than-expected slowdown could materialize in the quarters ahead,” Bullard added. He then discussed the downside risks, which he noted are possibly interrelated. These downside risks include the effects of magnified global trade policy uncertainty; slowing growth in the global economy; contraction in global and U.S. manufacturing; slowing U.S. business investment; and an inverted yield curve, “which seems to suggest U.S. monetary policy may be too restrictive for the current environment,” he said.

On the issue of trade policy uncertainty, Bullard said, “U.S. monetary policy cannot reasonably react to the day-to-day give-and-take of trade negotiations.” He added that he thinks of trade policy uncertainty as being high in the current environment and as something that is already factored into his monetary policy calculus. “I do not expect this uncertainty to dissipate in the quarters and years ahead,” he said.

“Trade policy uncertainty creates a disincentive for global investment. Accordingly, the global growth environment looks weaker in recent quarters,” he said, adding, “Slower global growth may feed back into slower growth in the U.S.”

Regarding the yield curve, Bullard explained that an inversion of the yield curve has tended to predict the onset of recession in the U.S. during the postwar era. Some portions of the U.S. Treasury yield curve are inverted today, he said, noting that the 10-year yield is below the effective federal funds rate. “However, the 10-year yield is currently above the two-year yield, likely because markets are anticipating future policy moves by the FOMC, and so we are not seeing an intensification of the yield curve inversion so far,” he said.

Muted Inflation

In a discussion of muted inflation pressures, Bullard noted that both inflation and inflation expectations are below the FOMC’s 2% inflation target. “This is occurring despite more than two years of upside surprise on the real growth rate of the U.S. economy,” he said.

“Insurance rate cuts may help re-center inflation and inflation expectations at the 2% target sooner than otherwise,” he added.

A Turnaround in U.S. Monetary Policy

Regarding U.S. monetary policy, Bullard noted that the FOMC has been cognizant of the developing downside risks. During the first half of 2019, he explained, the FOMC began to project fewer increases in the policy rate and also laid out a plan to cease the runoff of the Fed’s balance sheet. He added that, on June 19, the FOMC did not change the policy rate but strongly suggested that a future downward adjustment in the rate could be warranted. The FOMC reduced the policy rate at its July 30-31 meeting and again at its Sept. 17-18 meeting.

Bullard said that the effect of this turnaround in U.S. monetary policy has been much larger than the two latest reductions in the policy rate alone would suggest because the expectation as of late last year was that the FOMC would actually raise rates further in 2019.

He pointed out that the two-year Treasury yield declined by 135 basis points from Nov. 8, 2018, to Oct. 11, 2019. “This is a very large change over this time frame,” he said, noting the outlook for shorter-term interest rates dropped because of FOMC actions. “Furthermore, these policy actions fed through to longer-term U.S. yields, which are more important for investment decisions,” Bullard said.

“The bottom line is that U.S. monetary policy is considerably more accommodative today than it was as of late last year,” he said.

Conclusion

The FOMC continues to face a slowing U.S. economy with some downside risk due to ongoing global trade regime uncertainty, Bullard said. He added that U.S. inflation and inflation expectations continue to fall short of the FOMC’s 2% target.

“The FOMC has taken actions that have changed the outlook for shorter-term U.S. interest rates considerably over the last 11 months, ultimately providing more accommodation to the economy,” Bullard said.

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