Bitt.com signs MoU with the Caribbean island Montserrat to launch a digital payments platform

Barbados-based Bitt a portfolio company of Overstock.com blockchain subsidiary Medici Ventures
SALT LAKE CITY, 2018-Feb-28 — /EPR Retail News/ — Overstock.com, Inc. (NASDAQ:OSTK) portfolio investment company Bitt.com has signed a memorandum of understanding with the Caribbean island Montserrat to launch a digital payments platform.

Bitt has been working to position island nations in that region as global leaders in the adoption of digital national currencies, allowing everyone with a smartphone, tablet, or computer to easily make digital domestic transactions.

This work has included actively building a financial ecosystem in the Caribbean that remedies the issues which people in the region experience daily, including high frictional fees from banks and other money services operations that make sending money in and out of the region cumbersome and costly.

“The people of Montserrat will benefit from increased financial inclusion, and a significant reduction in their need for cash to make payments for goods and services, or as a means of saving,” said Donaldson Romeo, Premier of Montserrat.

The move by Montserrat follows last year’s declaration by the International Monetary Fund’s Christine Lagarde that digital currencies “may one day be easier and safer than obtaining paper bills, especially in remote regions,” and that “virtual currencies could actually become more stable” than paper-based currency.

“For decades economists have spoken of ‘the unbanked’ and the difficulties they face because they are disconnected from the global financial system,” said Patrick M. Byrne, CEO of Overstock.com. “In recent weeks Bitt.com has launched a mobile app-based solution that allows people in Barbados to walk into a store and buy goods or services with digitized Barbados currency. Now, with this incredibly forward-thinking step by the premier and government of Montserrat, Bitt can begin bringing this technology to serve the poor, disconnected, and unbanked of that beautiful nation, and begin connecting them to a leading-edge blockchain-based monetary system. Then, as Montserrat goes, so goes the world!”

“We’re honored to assist Montserrat in meeting its objective of boosting financial inclusion while reducing reliance on cash while building resilient and sustainable socio-economic progress together,” said Rawdon Adams, CEO of Bitt.

About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. In addition to home goods, Overstock.com offers a variety of products including jewelry, electronics, apparel, and more, as well as a marketplace providing customers access to hundreds of thousands of products from third-party sellers. Additional stores include Pet Adoptions and Worldstock.com dedicated to selling artisan-crafted products from around the world. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. Overstock regularly posts information about the company and other related matters under Investor Relations on its website, http://www.overstock.com.

About Medici Ventures:
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to leverage blockchain technology to solve real-world problems with transparent, efficient and secure solutions. Medici Ventures has a growing portfolio of groundbreaking blockchain-focused investments, including tZERO, Peernova, Bitt, SettleMint, Factom, and IdentityMind, Spera and Symbiont. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. O.biz and Space Shift are also trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2017, which was filed with the SEC on November 8, 2017, and any subsequent filings with the SEC.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

SOURCE: Overstock.com/ GLOBE NEWSWIRE

Visa Inc. to present at the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York

SAN FRANCISCO, 2018-Feb-28 — /EPR Retail News/ — Visa Inc. (NYSE: V) today announced its participation in the following investor conference.

On Thursday, March 1, Al Kelly, Chief Executive Officer, will present at the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York. The discussion will begin at 3:20 p.m. Eastern Time and last for approximately 40 minutes.

Listen-only audio webcast and replay will be accessible for 30 days on the Investor Relations website at http://investor.visa.com.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visa.html, visacorporate.tumblr.com and @VisaNews.

Source: Visa Inc.

Visa Inc.
Investor Relations
Patrick Laney, +1 650-432-7644
ir@visa.com
or
Media Relations
Nathaniel Sillin, +1 415-805-4892
globalmedia@visa.com

SPAR Croatia reduces amount of salt in its bread by 1.4%

SPAR Croatia reduces amount of salt in its bread by 1.4%

Amsterdam, The Netherlands, 2018-Feb-28 — /EPR Retail News/ — SPAR Croatia has reduced the amount of salt in its bread baked daily at the INTERSPAR bakery by 1.4%, in line with the World Health Organisation’s dietary recommendations.

Customers can now find bread baked with a lower volume of salt on the shelves of all INTERSPAR and SPAR stores in the country. The amount of salt in all 30 bread varieties has been reduced by 2% to the recommended 1,4% and in some cases even lower than the recommended amount. All the other ingredients remain the same – no additives were used to replace the salt and the bread is of the same high quality and taste.

“Through revising the recipe, SPAR Croatia is enabling positive change in our customers’ eating habits,” said Helmut Fenzl, CEO of SPAR Croatia.

This is part of a larger strategic plan to reduce the consumption of kitchen salt in Croatia from the current daily intake of 11.6 grams to 9.3 grams by 2019. This will consequently reduce the prevalence of arterial hypertension, cardiovascular and cerebrovascular diseases.

Read more news from SPAR Croatia

About SPAR Croatia

The first SPAR Hypermarket opened in Croatia in mid-2005, following the signing of the licence agreement between ASPIAG (a subsidiary of SPAR Austria AG) and SPAR International in 2004. As a member of the ASPIAG group, SPAR Croatia has access to a wide range of own brand products. Brand development has primarily taken place through SPAR Supermarkets and INTERSPAR Hypermarkets, both through the take-over of existing chains and the opening of new stores.

SOURCE: SPAR International

SPAR International
info@spar-international.com
+3120 626 6749

Visa introduces a solution designed to unify management and secure customer payment data

Token Management Service: Smarter Tokens for a Connected Digital World (Photo: Business Wire)

Provides a 360-Degree View of Customer Payments Across Channels and Payment Types

SAN FRANCISCO, 2018-Feb-28 — /EPR Retail News/ — Visa (NYSE: V) today introduced Token Management Service, a solution designed to unify management and secure customer payment data. Token Management Service enables an integrated view of payment preferences and behaviors across a merchant’s commerce platforms, processing environments, geographies, payment types and card brands.

Seventy percent of the world, or more than 5 billion people, will be connected via mobile device by 20201, creating the need for merchants to provide consumers with seamless digital payments that work securely, anywhere and on any device. Laying a foundation for this transition, Visa has developed Token Management Service, part of Visa’s CyberSource payment management platform.

Different token services deployed across multiple digital commerce environments create channel silos, preventing merchants from fully understanding payment behavior across their various customer touchpoints. Token Management Service helps enable merchants to unify payment token implementation in order to provide simple, innovative and seamless purchasing experiences. For example:

  • Customers can buy goods online, then pick them up in store, or make a purchase online and return items in-store.
  • Merchants can augment their customer engagement strategy with tailored loyalty programs and promotions to suit customer preferences and behavior, ultimately providing impactful customer experiences

“Our clients are seeking to create new integrated commerce experiences that unify their digital and physical operations to gain a comprehensive 360-degree view of their customer interactions,” said Andre Machicao, senior vice president, digital merchant products, Visa. “Today’s launch of Token Management Service brings merchants a vital capability to better service their customers by enabling them to embrace and create new, frictionless and secure payment experiences and maintain their competitive edge.”

Merchants can deploy Token Management Service with limited changes to their current IT infrastructure. When using the service, payment information is stored in secure Visa data centers. Merchants can benefit directly by reducing costs associated with compliance and minimizing security threats associated with keeping sensitive data on their own networks.

“Merchants operate in an omnichannel world where customers have the power of choice in shopping, namely – how, where, and when to buy. Consumers also value convenience and immediacy in their interaction with merchants and expect a streamlined payment experience regardless of their buying method or platform,” said Raymond Pucci, associate director, Mercator Advisory Group. “Providing a unified token management service as part of a layered approach to payment risk mitigation ensures a fast and secure checkout experience that strengthens the customer relationship.”

The latest addition to Visa’s innovative digital solutions for merchants, Token Management Service is a complementary solution to Visa Token Service, a payment network tokenization service developed by Visa in 2014. Visa Token Service has paved the way for innovative digital payments types, ranging from technologies such as Visa Checkout, to mobile wallets and payment-enabled IoT devices, including wearables, connected cars and appliances and mobile commerce in retail environments. Token Management Service will enable merchants to realize the value of payment-network tokens by simplifying integration into Visa Token Service and other payment network tokenization services.

For more information about Token Management Service, please visit: http://www.cybersource.com/tokenization

About Visa Inc.Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisavisacorporate.tumblr.com and @VisaNews.

1 Source: Cisco Visual Networking Index Global Mobile Data Traffic Forecast Update, 2015-2020

Source: Visa Inc.

Visa Inc.
Aida Hadzibegovic, 415-805-4242
ahadzibe@visa.com

Visa announces new research and education programs to strengthen the talent pipeline in the credit union industry

New field research focused on recruiting practices and expanded education opportunities for emerging credit union leaders strengthens industry talent pipeline

SAN FRANCISCO, 2018-Feb-28 — /EPR Retail News/ — Visa (NYSE: V) today announced new research and education programs as part of the company’s ongoing efforts to strengthen the talent pipeline in the credit union industry. Visa, together with the Filene Research Institute, will conduct two unique studies exploring talent gaps in the credit union industry throughout 2018. Visa and Filene will also introduce expanded education opportunities and resources designed to inspire young leaders to pursue careers in credit unions and foster their growth.

“Credit unions are vital to the financial health of our communities and Visa is committed to ensuring the long-term success of these organizations,” said Doug Leighton, head of community accounts, Visa. “Our goal is to introduce opportunities for emerging talent to grow in their career, while bringing fresh ideas and strategies to credit union leadership in order to more effectively serve their members.”

Advancing recruitment research through the War for Talent Center of Excellence

Through Filene Research Institute’s War for Talent Center of Excellence Visa and Filene will convene leading academics and credit union experts to study the industry’s talent gap. Filene research fellow, Dr. Sekou Bermiss, assistant professor of management, University of Texas, Austin, will conduct two unique studies in 2018:

  • Factors of Talent Attraction at Two Credit Unions: A Field Study: Despite a large percentage of individuals in the labor force expressing interest in working for a company that makes a social impact, recruiting within credit unions remains a key challenge. This natural field experiment within a set of credit unions will test the effectiveness of current recruiting practices.
  • Credit Union Board Composition: Desires and Practices: This research aims to help credit union leadership identify key traits they seek in candidates and define values and soft skills that impact these traits in order to build a diverse board equipped to attract talent with well-rounded backgrounds, ideas and expertise.

“There remains a gap between credit union leadership and the members they serve. We have an opportunity to leverage people analytics and research to develop the right strategies for attracting, developing and promoting top performers within credit unions, from the front line to the boardroom,” said Dr. Sekou Bermiss, assistant professor of management, University of Texas, Austin and Filene research fellow. “I look forward to continuing research with the War for Talent Center of Excellence and Visa to share insights that help credit union leaders build and grow a qualified talent pipeline.”

These two new studies build on the Center’s first publication authored by Dr. Bermiss in 2017, “Laws of Attraction: Credit Union Recruitment in a Competitive Labor Market.” Credit union and human resources leaders can put these insights into practice with the “Talent Attraction Checklist,” an actionable resource outlining important factors like employee fit, job characteristics and recruiter behavior to consider throughout the recruitment process.

Furthering education and talent development through The Cooperative Trust

Visa and The Cooperative Trust, an initiative focused on educating and cultivating young leaders in the credit union industry, will offer expanded online and offline resources in 2018, including a new mentorship program. These efforts include the “Crashers” program, offering the brightest young leaders the opportunity to participate in conversations and events focused on shaping the future of credit unions. Visa and Filene Researchwith support from the Credit Union National Association will host 78 Crashers, a record number, at the upcoming Governmental Affairs Conference, the industry’s largest advocacy conference.

“As we continue to grow The Cooperative Trust and Crash opportunities, we’re always challenging ourselves to elevate and advance the program to provide the most impact for young professionals and the credit union system,” said Lauren Culp, manager, The Cooperative Trust. “Visa has played a valuable role in helping ensure young people have a voice and are included in the conversation as we look to the future of our industry.”

Program highlights to date include:

  • The Cooperative Trust received the 2017 Herb Wegner Award for Outstanding Program, the highest national honors for the credit union movement that celebrates programs that put belief into action.
  • Five Crashers selected in the top 15 of the Next Top Credit Union Executive Competition.
  • Over 130 Crashers participating in credit union events across the U.S., including hands on experience at Visa’s Innovation Center in San Francisco.
  • Expanded online and offline resources including a new mentorship program, a refreshed website and online community, and additional Crash events.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisavisacorporate.tumblr.com and @VisaNews.

Source: Visa Inc.

Visa Inc.
Elizabeth Pietrzak, 415-203-7235
epietrza@visa.com

The Home Depot® SVP – Finance Control & Administration Richard McPhail to present at the Raymond James 39th Annual Institutional Investors Conference

ATLANTA, 2018-Feb-28 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today announced that Richard McPhail, senior vice president – Finance Control & Administration, will present at the Raymond James 39th Annual Institutional Investors Conference in Orlando, Florida. The presentation will begin at 9:15 a.m. ET on March 6, 2018.

The presentation will be webcast live over the internet at http://ir.homedepot.com/events-and-presentations. A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location after the conclusion of the live event and will be available until April 5, 2018.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2017, The Home Depot had sales of $100.9 billion and earnings of $8.6 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

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Colruyt’s ‘Dinner is served at 1 -2-3 euros’ project reaches 100 towns and more than 2000 families

Halle, Belgium, 2018-Feb-28 — /EPR Retail News/ — Colruyt reaches more than 2000 families with social project ‘Dinner is served at 1 -2-3 euros’ 100 th town joins the project Halle, 20 February 2018 . All told, one hundred towns have agreed with Colruyt Lowest Prices to make a tasty and balanced diet more accessible to families in financial difficulties. One year and a half after the start of ‘Dinner is served at 1 -2-3 euros’ about two thousand familie s are already participating. Every two weeks, they receive a budget -friendly booklet with 6 easy recipes costing maximum 1, 2 or 3 euros per portion. A balanced diet is a basic right for everyone and Colruyt thus hopes to offer extra inspiration.

Budget -friendly recipes
The ‘Dinner is served at 1 -2-3 euros’ concept is simple. Vulnerable families with kids are informed by their Social Service or organisations such as Child&Family, the Centre for General Well -being, House of the child , etc. Families can enr ol and will then receive a Colruyt cookery booklet every two weeks. It contains six easy and child -friendly recipes and the shopping lists. Each recipe is enough for three large portions and costs no more than 1, 2 or 3 euros per portion. This includes the price of the whole packaging, even if less is needed to make the recipe. It allows people to know in advance exactly what they will pay at the check -out. The cookery booklet also contains tips to let kids help and to turn leftovers into a tasty dish.

To support participants, some social organisations organise cooking demonstrations to prepare recipes together. Or they ask the local Colruyt store to organise a guided tour, during which store employees can give tips on efficient and cheap shopping.

“No gourmet cook”
Today, the project has about two thousand participants, thus reach ing the same number of families. Colruyt notices that at least 37% of the participants already used the cookery booklet in a Colruyt store and 24% are frequent participants. Of course, some participants may shop at other store formats.

People are often happy with the inspiration for daily cooking, without having to rack their brains over the price. “I am not a gourmet cook, and I wanted to let you know that, thanks to you, I succeed in conjuring up satisfactory, varied, affordable and delicious dishes. I simp ly wanted to tell you that this is a really interesting initiative, so thanks!” , says a participant from Kortrijk.

Feedback from coaches does Colruyt good as well. Kurt De Loor, chairman of the Social Service of Zottegem: “Putting a balanced meal on the t able every day is not a picnic. Especially when it is not easy for people financially. We hear this a lot from families who visit our Social Service. That’s the reason why we decided to join Colruyt’s project. It is an easily accessible way to inspire people to conjure up cheap yet healthy meals. I am convinced this project will be a success in Zottegem as well.”

Roll-out in the whole country
‘Dinner is served at 1 -2-3 euros’ started two years ago as a test project of Colruyt, in cooperation with the Socia l Service of Kortrijk. A group of 144 families with kids living at home tested the concept for six months. The reactions were positive and Colruyt decided to roll out the project on a national level. In the past year, things have been moving really fast. R ecently, Zottegem was the hundredth town to join and applications keep coming.

“More and more often, social organisations tell us there is a need for simple tools to work on a balanced diet. Today, many West -Flemish towns are participating, but cities lik e Sint -Niklaas and Ghent also joined. And Wallonia also shows an interest: Namur an d Charleroi recently joined the project and there is much enthusiasm” , says Colruyt coordinator Wim Verbesselt.

Productive partnership
Cooperation between private, local a uthorities and social organisations starts from their expertise. “Social organisations know the vulnerable families and their need for measures to combat poverty” , says Wim Verbesselt. “At Colruyt we have a lot of expertise in cooking tasty and balanced fo od. If we join forces, we can make a structural and sustainable differen ce for people in difficulties. We are very happy to be able to take away some of the concerns of families with children and to help them manage. It is one of the many ways in which we fulfil our corporate social responsibility.”

SOURCE: Colruyt Group

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Hanne Poppe & Silja Decock
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Citycon approves two new share-based incentive plans for the Group key employees

ESPOO, Finland, 2018-Feb-28 — /EPR Retail News/ — The Board of Directors of Citycon Oyj has approved two new share-based incentive plans for the Group key employees, a Matching Share Plan 2018—2020 and a Restricted Share Plan 2018—2020.

The aim of the new plans is to combine the objectives of the shareholders and the key employees in order to increase the value of the company in the long-term, to bind the key employees to the company, and to offer them competitive reward plans based on acquiring and receiving the company´s shares.

Matching Share Plan 2018—2020

The new Matching Share Plan 2018—2020 includes three matching periods, calendar years 2018—2019, 2019—2020, 2020—2021. The prerequisite for participation in this plan and for reward payment is that a key employee invests in the company’s shares a pre-determined percentage of the bonus earned from the company’s performance bonus scheme during the calendar year preceding a matching period (the “Share Ownership Prerequisite”). If a key employee´s Share Ownership Prerequisite is fulfilled and his or her employment or service is in force with a Citycon group company upon reward payment, he or she will receive free matching shares for shares subject to the Share Ownership Prerequisite.

The Matching Share Plan 2018-2020 is directed to the CEO and the other members of the Corporate Management Committee. The rewards to be paid on the basis of this plan from the matching period 2018—2019 correspond to the value of an approximate maximum total of 200,000 Citycon Oyj shares. In addition, a cash proportion is included in the reward to cover taxes and tax-related costs arising from the reward to the participant. The rewards from the matching period 2018—2019 will be paid in 2020.

Restricted Share Plan 2018—2020

The rewards from the new Restricted Share Plan 2018—2020 may be allocated in 2018—2020. The reward will be based on a valid employment or service contract of a key employee upon the reward payment, and it will be paid partly in the company’s shares and partly in cash after the end of a vesting period. A vesting period will last 12 to 36 months from a reward allocation.

The Restricted Share Plan 2018-2020 is directed only to selected key employees, excluding the CEO and other members of the Corporate Management Committee. The rewards to be paid on the basis of this plan in 2018—2020 correspond to the value of an approximate maximum total of 200,000 Citycon Oyj shares including also the cash proportion to be used for taxes and tax-related costs.

CITYCON OYJ
The Board of Directors

For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 40 154 6760
marcel.kokkeel@citycon.com

Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. For more information about Citycon, please visit www.citycon.com

Citycon has investment-grade credit ratings from Moody’s (Baa1) and Standard & Poor’s (BBB). Citycon Oyj’s share is listed in Nasdaq Helsinki.

SOURCE: CITYCON OYJ