How a credit union raised the roof on credit card rewards

first_imgA leader is emerging in the world of credit card rewards, and it’s not one you might expect.After revamping its credit card portfolio, Chicago-based Alliant Credit Union now has two cards that outperform even the most generous rewards cards from many major issuers. One offers 2.5% in ongoing cash back, with a $59 annual fee, waived the first year. The other offers 2 points per dollar spent — an effective 2% rewards rate — and a $0 annual fee.These reward rates would be remarkable coming from a major issuer. But for a credit union, they’re even more noteworthy. It’s unusual for these not-for-profit financial institutions to focus on credit card rewards.“We got a lot of emails back saying, ‘Thank you for doing this,’ and, ‘Finally, this is going to be a card I use,’” says Michelle Goeppner, senior manager of credit product strategy at Alliant Credit Union.Alliant’s bold move started with its members. continue reading » 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

If you are a leader, don’t say these 19 things

first_imgWhen you are a leader, people pay attention to what you have to say – which can be good or bad.We want to motivate our employees and build them up. But there are some statements – some that simply roll off the tongue – that can upset our employees and shouldn’t be said at all.Jeff Haden, contributing editor to, recently put together a great list of 19 statements to avoid. They include:– “This is probably not what you want to hear.” Don’t shift the issue onto someone else.– “Work smarter, not harder.” Haden sums up the thoughts of someone on the receiving end of this statement very well: “One: You imply I’m stupid. Two: You imply whatever I’m doing should take a lot less time and effort than it has been taking. And three: After you say it, I’m kinda pissed off.”– “There is no ‘I’ in ‘team.’ “ Remember, it is individuals that make up a team. continue reading » 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Gov. Wolf Advises Pennsylvanians to Remain Alert for Severe Weather

first_img Press Release,  PSA,  Weather Safety Harrisburg, PA – Governor Tom Wolf and state emergency management officials are reminding Pennsylvanians to prepare and continue to monitor weather conditions as a series of strong storms continues across much of the commonwealth through tomorrow.The National Weather Service reports that beginning this afternoon and lasting through midnight, there is a threat of severe thunderstorms that can produce damaging wind and hail, along with a few tornadoes and isolated flash flooding. Flooding could continue after the rain has stopped, so motorists should be aware of the potential for travel disruptions through the overnight hours and remember that flooding can be harder to see at night. There is a renewed threat for similar conditions Thursday across much of the southern half of the commonwealth.“With damage from flooding and tornadoes last night, we know the threat of severe weather is real and Pennsylvanians need to be prepared,” Gov. Wolf said. “Please remember to use caution and stay tuned into weather reports for any important news as inclement weather develops. A smartphone can be a great resource for updates, but don’t rely on just one device. Ensuring you can receive updates from multiple sources during bad weather is very important.”“We will continue to reach out to county emergency management personnel through our 24-hour watch center, as well as our area office staff,” said Pennsylvania Emergency Management Agency Acting Director Randy Padfield. “We also provide updates to our state agency partners so that we can move quickly if state resources are needed.”Always follow the guidance of local emergency personnel or law enforcement if you encounter roadblocks or closures. State law mandates that motorists who drive around or through signs or traffic control devices closing a road or highway due to hazardous conditions will have two points added to their driving records and be fined up to $250. Penalties are higher if emergency responders are called to rescue motorists who disregard warning signs. SHARE Email Facebook Twitter May 29, 2019center_img Gov. Wolf Advises Pennsylvanians to Remain Alert for Severe Weatherlast_img read more

Erlang Solutions: Handling spikes & loads in a new era of gaming

first_img Submit Share Share StumbleUpon The bookmakers of the future may not be who you’d expect, writes Stuart Whitfield, CEO at Erlang Solutions.Stuart Whitfield, Erlang SolutionsChris Eaton, industry expert, integrity monitor and former investigator for INTERPOL is quoted as saying: “In 10 years’ time, I expect sports betting to be part of major telecommunications companies and data companies.“Technology and telecommunications companies deal with massive volumes of data and transactions in real-time, 24/7. As online gambling and betting itself moves into a realm of ever-increasing real-time, data-led transactions, success depends on being able to harness and deploy the appropriate technology and market data.In short, it’s time for those operating (or aspiring to operate) in the sports betting space to think and act like a data / telecoms / technology company. They can achieve this a number of ways, but the cornerstones of this approach are likely to share some common characteristics. To paraphrase G. K. Adams, to go forwards, we must first look back. Where has online gambling and betting come from, and what changes need to be made to go where they’re going?Here are some key considerations for those wishing to succeed in this burgeoning market:Traditional sports to esportsWith World Cup 2018 just around the corner, it seems unthinkable that football (or soccer, for the subjects of Trump) could be unseated as the world’s biggest betting draw. But that’s a very real possibility with the exponential growth of esports, which will both compliment and disrupt the traditional sports betting industry. Today’s kids who take part in and follow competitive gaming will be the punters of the future. This new breed of punter may like football, but they may play and wager on it through esports, together with a range of increasingly popular esports titles (Dota2, League of Legends, Counter Strike: Global Offensive, Street Fighter etc) . This shift will have a huge impact on the sports industry in the long term. And it already is; major esports events were broadcast on mainstream American cable networks for the first time in 2016. By 2018, esports is expected to be a $1B business1. With this, peak traffic will come more often, on a global scale. In this new phase of the industry real-time scalability, concurrency, and rock-solid reliability can make or break a betting operator, as  in finance and telecoms. Monolith to distributed microservicesBetting systems have often followed the monolith model, where all services had a central governance, typically employed on a single platform and with many dependencies. Scaling up for peak traffic was an all-or-nothing effort. A canonical data model was normally used. Today, when considering scalability, maintenance, and innovation, this approach is not considered to be very effective.Monoliths are very hard to extend, mainly because of the huge codebase and long deployment process. In addition to this, because of the massive inertia of many big betting systems, it’s very hard to extend the monolithic system with technologies that might be better at serving certain features.The basic idea of a micro-services architecture is to have many small services that do one (and only one) thing well. Applications are put together by defining a group of distinct services and how they interact. For any given service we can vary how many instances of that service is running. Distributed microservices allow instances of services to be dynamically distributed across different servers for redundancy and/or to scale up/down to fit the capacity of the service. Instances can be moved between servers or even among competing server providers to reduce runtime costs. Hence scaling up or down at peak times isn’t just about computational capacity, but also includes savings in running costs.SQL to NoSQLThere were several competing databases (network dbase, graph dbase, even flat file) but relational databases were hugely popular mainly due to SQL. SQL gave a structured means of creating, inserting and querying the relational database. SQL became the lingua franca of data modelling and was embraced by many established betting shops.The initial NoSQL servers were simple caches of previously computed values to reduce redoing fix calculations. These caches were quickly expanded over a network of servers to account for the needs of web applications. It was found this was simpler and cheaper to achieve compared to relational SQL databases. As more data was moved into these caches the first formal NoSQL databases took form.The best tool for the jobThe software development community is going through a revolution of diversity and inclusion as more developers move away from the biggest programming languages in search of the right tool for the nuanced challenges of our new, technologically-literate world. The result: it’s becoming rarer for there to be de facto programming languages that organisations are forced to use because that’s what their developers community uses. One-size-fits-all stacks will never scale indefinitely. The most important lesson we’ve learned working in the gaming industry has been realising that a silver bullet for solving every problem simply does not exist, and it’s important to pick a proper tool for the job. Erlang and Elixir are superb at scaling reliably and efficiently when betting operators need it to, but also complement other tools and languages which are better suited to other aspects of a system. One needs to look no further than bet365, whose Systems Development Manager for Middleware, Andrew Deane, recently went on the record to say “When I joined bet365 4 years ago, the company was in its second wave of Erlang development. Having proved the model with Erlang, the door was open to explore other languages. Continuing the mantra of the right tool for the right job, we’ve found use cases for Google’s Go in our notifications systems and testing tools and more recently for Elixir in our application tooling.” We are trusted partners to some of the world’s leading and most innovative online gambling and betting operators. Learn more about Erlang Solutions and download our eBook: A Guide to Handling Massive Spikes and Loads.last_img read more