MetLife announces today the appointment of Bharat Kannan to the position of Chief Distribution Officer for Asia.

In this newly created role, Kannan will lead all intermediated distribution channels in Asia. The creation of the role marks a significant step to embed customer centricity throughout our selling activities across Asia, delivering a consistently high quality experience.

Kannan will continue to be based in Tokyo and will have Asia-wide responsibility for agency, bancassurance, employee benefits and global relationship management channels. He will partner with in-country distribution leaders to drive value growth through disciplined distribution management.

“Our regional multi-channel distribution platform will advance its value for all our stakeholders as a result of this appointment,” commented Chris Townsend, President, MetLife Asia.

Kannan joined MetLife in March 2015 as Head of Employee Benefits Asia, from Aon where he spent over 11 years, in a number of senior management positions in Asia and the US, and is a veteran of the US Air Force having served on active duty from 1992 -1996.

Bharat holds a Bachelor of Business Administration from Temple University, Philadelphia, Pennsylvania, a Master of Science from DePaul University, Chicago, Illinois and attended INSEAD’s Management Acceleration Program.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150831006335/en/

BBPOS, the global company credited with inventing mobile point-of-sale (mPOS), is set to unveil its new WisePOS, an Android smartphone cum mPOS device in just a few weeks. Achieving flexibility and seamless integration into back-end systems, WisePOS demonstrates its uniqueness by combing a smartphone and mPOS features. It provides superior flexibility for merchants to use the Android platform to develop custom applications and services to reduce complexity and optimize their business.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150831005563/en/

WisePOS accepts NFC payment anytime anywhere (Photo: Business Wire)

This latest generation WisePOS, occupying a class by itself, is an all-in-one device, including full Android smartphone functionality – there is no need for installation, and no need for additional plug-in device to conduce mPOS transactions. It is easy to use with multiple connectivity options including WiFi, Bluetooth and GPRS.

WisePOS’s list of sophisticated features includes:

• Magstripe, EMV chip & pin , chip & sign and NFC contactless readers, all-in-one unit
• Full Android smartphone functionality
• 4-inch WVGA display
• Secure PIN pad
• Optional barcode scanner
• SDK for Android development
• Remote firmware update and encryption key injection

“WisePOS provides mobile merchants and retailers a simpler, more reliable, more secure and optimally versatile mPOS device to accept payments anytime, anywhere, “said Ben Lo, Co-Founder & Chief Technology Officer of BBPOS. “ We are thrilled to bring this kind of revolutionary performance to customers, with demand at launch from an incredible roster of merchants who have managed payment acceptance and grown their businesses with help from BBPOS.”

WisePOS is designed to appeal to a substantial segment of the mobile merchant and retailer sector, and the device will optimize many services, including direct sales and line-busting initiatives that offer customers added convenience. The all-in-one functionality is perfect for professions that demand a robust and versatile mobile payment, communication and data management solution, including insurance agents, logistic team, delivery workers, auditors, couriers and more. Additionally, the Android platform allows superior flexibility to develop customized applications and support the mPOS platform.

WisePOS complies with PCI, EMV L1 and L2, and EMV Contactless requirements. EMV migration is still underway in the United States, with varying degrees of adoption among mobile merchants and retailers, and the emergence of Apple Pay, MasterCard PayPass and VISA payWave standards adds an additional level of complexity. By combining magstripe, EMV and NFC capability in a single device, WisePOS is able to meet customers’ expectation at all points along the transition and provide the most versatile mobile payment solution available.

BBPOS is preferred worldwide by merchants, retailers and organizations for end-to-end mPOS devices and mobile payment acceptance innovations. BBPOS has earned a reputation for delivering solutions that leverage best-in-class technology with leading reliability and optimal convenience. WisePOS is ready to ship in Q3 2015 and a version with integrated printer will be available in 2016. The company will soon announce pricing and availability.

About BBPOS

BBPOS is a leading innovator, designer, manufacturer and provider of end-to-end mobile point-of-sale (mPOS) solutions to all sectors, including mobile merchant, retail, hospitality, delivery, transport and government. BBPOS has developed a family of innovative POS devices that deliver the highest standards of quality, security and certification, with the flexible connectivity required to securely manage any transaction, in any environment. BBPOS was founded in 2008. The company is headquartered in Hong Kong and maintains regional offices in San Jose, Miami, London, Singapore and Shanghai.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150831005563/en/

WEY Technology announces the launch of the “WEY Smart Touch” keyboard. The WEY Smart Touch significantly simplifies processes in all multi-screen workplaces where users need to switch between different systems. The intelligent keyboard boasts a broad range of surprising features.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150831005112/en/

WWEY Smart Touch Keyboard (Photo: WEY Technology AG)

The multifunctional keyboard, developed and produced by WEY and made in Switzerland, is groundbreaking technology. It revolutionises efficiency in high-performance workplaces, for instance, in control rooms and on trading floors. It has never been easier to switch any number of computers and other information sources onto multiple screens and videowalls. Central to the WEY Smart Touch is its 10” touch screen that automatically adapts its layout to the selected system. Telephony, messenger, two-way radio and videoconferencing, as well as external devices and other software applications, can be integrated seamlessly. Users can easily manage and control all their connected systems and switch between them.

For WEY Technology, with its headquarters in Switzerland, the WEY Smart Touch is much more than a product enhancement. Rather, it represents a completely new, intuitive desktop management philosophy. WEY CEO Armin Klingler emphasises its significance: “The WEY Smart Touch sets new standards and dramatically simplifies day-to-day workflows in complex high-performance workplaces.”

The WEY Smart Touch has been designed to be operated intuitively by a wide variety of employees. Programmable fields on the touch screen and interchangeable keypads can be customised to meet individual requirements. With its exchangeable snap-in key panel, the keyboard sets new standards for hygiene in 24-hour working environments. Movement and brightness sensors markedly enhance ergonomics and reduce energy consumption at the desk.

The WEY Smart Touch is appropriate for applications in police and fire departments, emergency services, airports, railway and traffic control centres, trading floors, energy production facilities, industrial environments, multimedia reception areas and smart buildings, etc. The WEY Smart Touch is available in over 40 countries worldwide.

More information:

• Short animation in your local language:

  https://www.youtube.com/watch?v=USkUYgpkD0U

• Features and details:

  http://www.weytec.com/en/products/wey-keyboards/wey-smart-touch/highlights/

View source version on businesswire.com: http://www.businesswire.com/news/home/20150831005112/en/

The Industrial Internet Consortium^®, the global public-private organization formed to accelerate enablement of the Industrial Internet of Things, has passed the 200-member mark 18 months after the Consortium was formed. It also announced the results of its 2015-2016 Steering Committee elections, elected by the Industrial Internet Consortium membership, as follows:

• Jacques Durand, Director of Standards & Engineering, Fujitsu Limited
• Dirk Slama, Director of Business Development, Bosch
• Stan Schneider, CEO, Real-Time Innovations
• Robert Martin, Senior Principal Engineer, The MITRE Corporation

They join representatives from the five Industrial Internet Consortium founders (AT&T, Cisco, GE, IBM, and Intel) as well as Executive Director, Dr. Richard Soley.

Since last year’s Steering Committee election, the Industrial Internet Consortium has grown from 68 to over 200 member organizations hailing from 26 countries. Its recent accomplishments are the public release of six testbeds and the Industrial Internet Reference Architecture and Vocabulary documents. To help serve the needs of its increasingly global membership, the Industrial Internet Consortium also announced the first Country Team in Germany with the organization of other Country Teams underway in China, India and Japan. The Country Teams are comprised of local Industrial Internet Consortium members and adhere to the same policies and procedures. These teams will focus on specialized uses cases and testbeds, plus localized marketing and the establishment of liaisons with national or regional standards bodies. The country team in Germany will be led by Industrial Internet Consortium member Steinbeis Transfer Center Innovationsforum Industrie (STCII).

The newly elected Steering Committee members will officially take their seats at the Industrial Internet Consortium’s quarterly Members’ meeting in Barcelona, Spain on September 14^th. Non-members interested in learning more about the Industrial Internet – including live demonstrations of testbeds - are encouraged to attend the co-located IoT Solutions World Congress event, September 16-18.

About the Industrial Internet Consortium^®

The Industrial Internet Consortium^® is an open membership organization with over 200 members from 26 countries, formed to accelerate the development, adoption, and wide-spread use of interconnected machines and devices, intelligent analytics, and people at work. Founded by AT&T, Cisco, General Electric, IBM, and Intel in March 2014, the Industrial Internet Consortium catalyzes and coordinates the priorities and enabling technologies of the Industrial Internet. The Industrial Internet Consortium is managed by the Object Management Group (OMG). Visit www.iiconsortium.org.

Note to editors: Industrial Internet Consortium is a registered trademark of OMG. For a listing of all OMG trademarks, visit http://www.omg.org/legal/tm_list.htm. All other trademarks are the property of their respective owners.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150901005450/en/

MetLife, Inc. (NYSE: MET) today announced that it won the Innovation Award for its Advanced Data Analytics (ADA) efforts in the Asia Insurance Technology Awards (AITA) 2015.

Technology innovation is disrupting industries on a huge scale. For the insurance industry, this has resulted in the creation of new opportunities to differentiate and to better serve its customers. MetLife is committed to delivering a truly customer-centric experience through its digitalized business model and its powerful data analytic capability.

“We are very proud that our innovations in technology and data analytics have been recognized at the Asia Insurance Technology Awards 2015,” said Mr. Chris Townsend, President of Asia, MetLife. “MetLife is dedicated to understanding our customers and their preferences. We believe that advanced data modelling and behavioral economics will help provide a holistic knowledge of what drives value for our customers.”

With this commitment at the core of MetLife’s business, MetLife Asia established the Center of Excellence for Data Analytics (COEDA) in July 2014 staffed with data scientists. “We’re transforming big data into customer insights that enable us to deliver better, more personalized service,” said Ralph Brunner, Chief Marketing Officer, Asia, MetLife, who leads the ADA program. “This is driving double-digit increases in customer purchase behavior as we better identify and serve their true needs and wants."

The Asia Insurance Technology Awards are jointly held by Celent, a research and consulting firm focused on the application of information technology in the global financial services industry, and the Asia Insurance Review. Established in 2010, the awards recognize excellence and innovation in the use of technology within the insurance industry in the Asia Pacific Region.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005582/en/

• Get used to getting more, maximize your card benefits with Maxit
• Behind every spend; there is an offer of your choice, Unlock it with Maxit

• Get notified about the best deals in your location and save every time you spend
• Let Maxit choose the most relevant offers for you based on your spends
• Enjoy Maxit delights: Exclusive offers designed for you, over and above your credit card offers
• Let Maxit help you to choose the best card for every spend and maximize benefits for you

Elenilto, controlled by the Israeli billionaire Jacob Engel, has been recently awarded by the government of Togo, West Africa, in an international tender, to develop the phosphate mining and fertilizers plant project in Togo. Elenilto, which leads and controls the consortium, is cooperating in this project with Wengfu as its strategic partner. Wengfu is one of the top leading international phosphate and fertilizers groups with vast experience in the phosphate chemical industry in China and greatly favorable influence in the industry globally.

Currently a number of global financial institutions are interested in financing the project. Discussions in purpose to assemble the financial consortium to support and provide the required financing to develop the project have already begun.

Elenilto shall establish one of the largest phosphate mining and beneficiation facilities to produce low cost phosphate concentrates utilizing the connection to the natural gas pipeline of WAGP, the short distance from the mine to port which is less than 30km, and a high production rate of 5 million tons per year, to benefit the economies of scale and to maintain cost advantage in the international phosphate and fertilizer market.

Elenilto shall establish a downstream phosphoric acid and fertilizer plant to supply the required nutrients to the agricultures as the future suppliers of food, to the developing and increasing African and International fertilizers customers. Elenilto shall also invest in distribution channels and required logistic facilities to bring the fertilizers to the farmers.

The project is located near Lome, Togo’s capital, and is probably the largest phosphate deposit south of the Sahara, with estimated resources exceeding 2 billion tons of phosphate and shall generate sales of over 28 billion US dollars. Thousands of local and foreign employees will be recruited to develop the project and tens of thousands of indirect jobs will be created.

Alon Avadani, CEO of ELENILTO: “Elenilto has identified the local market shortage and demand for fertilizers products, and shall supply the phosphate, the fertilizers and the phosphoric acid to Africa and the international market. The fertilizers project is the first and the biggest of its kind in West Africa and shall enjoy relative low operating expenses due to the availability of gas from the WAGP, the close proximity to the port and the size of project.”

The phosphate rock concentrates export of 3 million tons per year, the 500,000 tons per year of phosphoric acid production and 1.3 million tons per year of fertilizer products, shall allow an export of both phosphoric acid and fertilizers to Africa and the international market.

The execution of the final concession development agreement is expected to be during this month, and the sales of concentrates production is expected to begin within 3 years.

Elenilto is involved in minerals, mining and oil & gas projects in a few countries, mainly in Africa, in the scope of billions of dollars.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150908005848/en/

Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, today announced that ICE Futures Singapore and ICE Clear Singapore expects to launch on November 17, 2015, with five new contracts.

Subject to final approval by the Monetary Authority of Singapore (MAS), ICE’s Singapore exchange and clearing house expects to trade and clear the first tranche of contracts below:

• Mini Brent futures
• Mini Gasoil futures
• Kilo Gold futures
• Mini Onshore Renminbi futures
• Mini Offshore Renminbi futures

These contracts reflect customer demand and complement ICE’s existing portfolio of financial and commodity benchmark contracts. ICE’s regional portfolio of energy, gold and FX contracts offer a range of hedging tools based on the diverse needs of market participants.

“ICE Futures Singapore will offer a range of global and regional products designed to meet the needs of market participants for efficient trading and clearing services in their local jurisdiction,” said Lucas Schmeddes, President & COO, ICE Futures Singapore and ICE Clear Singapore. “We are pleased to announce the November launch and would like to thank our clearing members and customers for their ongoing support and interest.”

In addition, ICE Trade Vault, LLC has submitted a foreign trade repository application to MAS, which will further support market participants’ compliance with regulatory reform in the region.

The establishment of ICE Futures Singapore and ICE Clear Singapore support an expanded customer base and the further development of derivatives markets in Asia. ICE has had a presence in Singapore since 2000 serving customers in the global energy markets. In recent years, Asia-based trading activity in ICE's benchmark commodity and interest rate products has been rising as the region assumes a greater role in global derivatives markets.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February 5, 2015.

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: http://www.businesswire.com/news/home/20150908006244/en/

The Western Union Company and the Western Union Foundation pledged a minimum of one million dollars USD for swift and effective support for families and communities most affected by the refugee crisis in Europe. The company is mobilizing a multi-faceted response leveraging its global network of employees and Go-to-Market business leads, Western Union Retail Agents and customers, Western Union Business Solutions clients as well as company vendors.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150909006256/en/

The Western Union Foundation will support a range of disaster response organizations, including Global NGO Partners and local response organizations. Grants totaling USD$200,000 have already been committed to be distributed among Save the Children, the Red Cross National Societies in Europe, Mercy Corps and Caritas.

As a part of the pledge, the Western Union Company will contribute ten US cents per transaction for all consumer-to-consumer transactions originated within the European Union, up to a maximum of USD$400,000. This initiative will commence on 14 September and funds will be committed for immediate local field actions, supplemented with Western Union employee grassroots activities at major refugee service centers across Europe.

A Western Union Foundation employee, Agent and vendor appeal match program has also been activated. The Western Union Foundation will offer a 2:1 employee match program and a 1:1 match program for Western Union Retail Agents, Western Union Business Solutions clients and Western Union vendors.

Western Union President and CEO Hikmet Ersek, said, “We are watching this unfolding crisis with heavy hearts. Our company is guided by a purpose of 'moving money for better' and this drives every decision we make and market we enter. Living our purpose also means giving on matters that are extremely critical to the communities we serve.

“We are mobilizing a whole-of-company approach, engaging our customers, our employees, business associates and our Foundation to pledge a minimum of one million dollars USD towards supporting the effort led by the European Union and the global community towards this unfolding humanitarian crisis.

“Our thoughts are with the men, women and children impacted as a result of this crisis. Supporting what matters in our communities, whether global or local, is the responsible thing to do," he said.

“Western Union’s core customer base is predominantly comprised of migrants, who have moved from their home to their host country for a variety of reasons, be they economic, financial, family-reason or security. History has shown that, over time, migrants make extraordinary contributions to both their host communities, and also to their home communities in the form of remittances sent back to family and friends."

Western Union Foundation President Patrick Gaston, said, “It is heartening to see international and national humanity collaborate in support of this crisis. Our giving is about helping people who need it most, in collaboration with our NGO relationships on the ground.

“With our immediate financial commitment, our NGO Partners are responding with support for relief efforts, including meals, shelter, healthcare and other necessities to the families and children most affected in coastal and arrival areas, migratory and transit areas, and settlement areas," he said.

Western Union Foundation– specific actions by NGO Partners

• Save the Children to provide emergency supplies, including water, shelter, food, blankets, and hygiene kits at formal and informal refugee camps and to ensure safe environments for children. Their focus will be in the coastal arriving areas of Greece, Italy, Lebanon and Egypt; the migratory and transit areas of Serbia; and the settlement area of Germany.
• Red Cross National Societies in Europe to distribute basic relief supplies, hygiene kits, blankets, clothing, food and infant kits. The Red Cross is also helping reconnect separated families and providing psychosocial support to those traumatized by the journey. Their focus will be in the coastal arriving areas of Greece and all arrival countries including the migratory and transit areas of Serbia, Macedonia and Hungary
• Caritas Austria and Caritas Germany to provide emergency assistance including hygiene kits, food, care and games for children and provision of interpreters to help with communication. They currently have basic shelter spaces for 5,000 refugees, including 260 unaccompanied children, and are caring for another 11,900 with their mobile units. Their focus will be the migratory and transit areas of Hungary and Austria and settlement areas of Germany and Austria.
• Mercy Corps to provide food assistance and distribute essentials like clothing, blankets, mattresses and infant care supplies to refugee families who have lost everything. In addition, Mercy Corps is putting plans in place to improve humanitarian conditions along the major access routes and entry points to Europe. Their focus will be the migratory and transit areas of Jordan, Iraq, Lebanon, Turkey, Serbia, Macedonia, Hungary and Syria, and coastal and arrival areas of Greece.

About Western Union

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of June 30, 2015, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to millions of bank accounts. In 2014, The Western Union Company completed 255 million consumer-to-consumer transactions worldwide, moving $85 billion of principal between consumers, and 484 million business payments. For more information, visit www.westernunion.com.

About The Western Union Foundation

The Western Union Foundation is dedicated to creating a better world, where the ability to realize dreams through economic opportunity is not just a privilege for the few but a right for all. Through its signature program, Education for Better, and with the support of The Western Union Company, its employees, Agents, and business partners, The Western Union Foundation works to realize this vision by supporting education and disaster relief efforts as pathways toward a better future. Our combined social ventures efforts make life better for individuals, families and communities around the world. Since its inception, The Western Union Foundation has paid more than $103 million in grants and other giving. These funds have been pledged to more than 2,760 nongovernmental organizations in more than 136 countries and territories. The Western Union Foundation, is a separate §501(c)(3) recognized United States charity. To learn more, visit www.westernunionfoundation.org, or Follow us on Twitter @TheWUFoundation.

WU-G
WU-F

View source version on businesswire.com: http://www.businesswire.com/news/home/20150909006256/en/

Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space today announces its partnership with SoftBank Corp for M2M, IoT and connected devices in Japan where Mobile Network Operators (MNO) are leading the way on these fast growing markets. OT’s longstanding experience with both MNOs and Original Equipment Manufacturers (OEM) is a key asset for SoftBank which will benefit from the state-of-the-art solutions offered by OT to secure and enhance connectivity.

SoftBank is not only a leading MNO in Japan, but also a recognized global connectivity player that serves its users through multiple approaches, targeting vertical markets that can potentially integrate M2M platforms and other specific devices and machines.

OT is a major player in securing the M2M/IoT and connected devices space thanks to its innovative solutions and existing partnerships worldwide. OT will bring SoftBank its experience and expertise on M2M through its DIM®¹ portfolio (SIM cards for M2M) adapted to all types of connected devices in terms of features and quality. Furthermore, OT will enable SoftBank to build projects with OEMs in partnership with OT for vertical markets such as the automotive industry, industrial devices, robotics, Smart metering, vending machines, gaming, etc.

“We are delighted to be the first company selected by SoftBank as their strategic partner on M2M and IoT in Japan where this growing market is particularly dynamic and innovative,” said Pierre Barrial, Managing Director of OT’s Mobile Network Operators business. “Our unique DIM® offer and strong experience with MNOs and OEMs will allow us, with SoftBank, to build connected device solutions meeting the highest standards of privacy and security to serve expanding M2M needs.”

ABOUT SOFTBANK

SoftBank Corp., a subsidiary of SoftBank Group Corp. (TOKYO: 9984), provides mobile communication, fixed-line communication and Internet connection services to customers in Japan. Leveraging synergies with other companies in the SoftBank Group, SoftBank Corp. aims to transform lifestyles through ICT and expand into other business areas including IoT, robotics and energy. To learn more, please visit http://www.softbank.jp/en/corp/group/sbm/

ABOUT OBERTHUR TECHNOLOGIES

OT is a world leader in digital security solutions for the mobility space. OT has always been at the heart of mobility, from the first smart cards to the latest contactless payment technologies which equip millions of smartphones. Present in the Payment, Telecommunications and Identity markets, OT offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields. OT employs over 6 000 employees worldwide, including close to 700 R&D people. With more than 50 sales offices across 5 continents and 1 manufacturing hub by region, OT’s international network serves clients in 140 countries. For more information: www.oberthur.com

¹ Device Identity Module® is a registered trademark of Oberthur Technologies. DIM® is a dedicated range of embedded and removable M2M SIM cards.

Download The M World,
All you need to know about the latest trends of  the Mobility world, available on AppStore and Google Play

FOLLOW US
Twitter
LinkedIn

View source version on businesswire.com: http://www.businesswire.com/news/home/20150910005642/en/

• Enables any individual to transact and manage money through a single mobile app
• Offers mobile wallet, online, offline payments and a seamless in-app shopping & ticketing experience
• Facilitates opening of savings a/c and cash out at ATMs
• Helps analyze one’s spends and rewards for saving

1. MOBILE WALLET
    

• LIME Wallet: Payments made simpler via wallet. One can add money from credit / debit cards or net banking. Simple authentication via 4 digit mPIN.

• Shared Wallet: Share wallet with loved ones. For instance, father can set aside Rs. 5,000 as a Shared LIME Wallet tool for his daughter from which she can seamlessly withdraw anytime.

• Pool Money: Allows users to pool funds into a shared wallet for a particular purpose (eg. vacation/gift) and refund later equally or in proportion

2. SHOPPING
    

• Compare & Shop: With LIME, users can compare products across online shopping portals and shop within the app.

• Travel & Entertainment: Book flights, bus tickets, movies and plan vacations without leaving the app.

• In-store payments: The payment functionalities in the app allow users to do proximity payments at offline merchants through mobile & sound
   

3. PAYMENTS​
    

• Bill Pay and recharge: All utility payments eg. DTH, mobile recharge, gas can be made through the wallet with one-click payment.

• Transfer Money: Users can make wallet to wallet payments, wallet to other bank account payments and even send money to their social network.

• Split Bills: Easy way to track who’s spent how much and on what. Works great if you’re dining out with friends or splitting monthly expenses with your flat-mates.

• LIME Pay: Enables secure and easy payments on any app or m-site on phone. First-of-its-kind one-click payment feature
   

4. BANKING
    

• Digital savings account: Allows users to initiate and complete KYC process using Aadhaar from their mobile in few simple steps. The account number is instantly generated on LIME. Upgrading to an account will allow access to additional features and an option of saving in investment options. 

• Goals: Users can choose a goal to save towards (eg. car, home, vacation etc) with amount required, time to goal and seed fund/installment and then allocate funds towards this goal from their account. Contribution by users will fetch them higher returns.

• Piggy Bank: This feature rounds up change during wallet usage and invests directly into a high yield deposit. Helps inculcate better financial behavior
   

5. OTHER FEATURES
    

• One View: Keeps track of users’ spending habits and provides insights to help them spend better. Gives a consolidated view on all account balances, credit cards, wallets, savings and deposits across any bank or card.

• Receipt Box: Store and share bills and receipts. Users can take a picture of their bills and categorize their spends.

• Genius Insights: Tailored insights to help users save regularly. Helps inculcate a saving habit – all while helping users upgrade to the next level of expertise.

• Add money to your wallet
• Check the balance and transaction summary
• Easy payments, recharge and online movie ticket booking
• Transfer amount instantly
• Online shopping
• Holiday package booking
• Foreign currency booking
• 24*7 service

JPMorgan Chase & Co. today announced up to $2 million in donations from its foundation and employees to provide immediate relief to refugees and help address the humanitarian crisis in Europe. Grants totaling $1 million from the JPMorgan Chase Foundation will support Save the Children, Oxfam, International Rescue Committee and International Medical Corps as they provide vital resources such as food, water, hygienic kits and medical support to those refugees arriving in countries such as Italy, Turkey, Greece and Lebanon.

The JPMorgan Chase Foundation is also launching an employee giving campaign that will match employee donations dollar-for-dollar to these organizations. Specifically, the Foundation will double donations made by employees up to $500,000 for a total of $1 million in additional support.

“Hundreds of thousands of refugees are fleeing their war-torn homelands, desperate for safety and the most basic human needs. Every person deserves to live free of violence and fear and to have access to the resources they need to survive,” said Daniel Pinto, head of J.P. Morgan in EMEA and CEO of the Corporate & Investment Bank. “JPMorgan Chase is proud to support Save the Children, Oxfam, International Rescue Committee and International Medical Corps, who are all on the ground responding.”

JPMorgan Chase will support organizations working on the frontlines of the crisis to provide humanitarian relief to refugees from Syria and other countries in the region.

• Save the Children is scaling up services within Syria, across the Middle East and in Europe to ensure the needs of refugee children and families on the move are met. Save the Children will ensure there are child-friendly spaces available for children and families and provide critical hygiene, shelter, baby care and other supplies to refugees.
• Oxfamis providing life-saving clean water, sanitation and vital support for families in Syria, Jordan and Lebanon. Oxfam is also helping those arriving in Italy by providing food, clothes, shoes, and personal hygiene kits, as well as long-term psychological and legal support.
• International Rescue Committee will provide crucial access to clean water and clothing, in addition to information on legal rights for refugees who have arrived in Greece.
• International Medical Corps is scaling up services in Greece, Turkey, Hungary and the region to deploy mobile medical teams, provide health care services and distribute urgently needed supplies. This assistance is in addition to International Medical Corps’ long-standing and comprehensive relief programs inside Syria and in Iraq, Jordan, Lebanon and Turkey.

JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150914005258/en/

Jefferies Group LLC announced financial results for its fiscal third quarter 2015.

Highlights for the three months ended August 31, 2015, with adjusted amounts excluding the operating results and wind down costs of our Bache business, which reflects a substantial portion of the final wind-down costs and write-offs, and the final period of meaningful operations:

• Investment Banking Net Revenues of $390 million
• Total Sales and Trading Net Revenues of $185 million
• Total Adjusted Net Revenues of $583 million (excluding Bache)
• Adjusted Net Earnings of $47 million (excluding Bache)
• Net Earnings of $2 million (including Bache)

Highlights for the nine months ended August 31, 2015, with adjusted amounts excluding the operating results and wind down costs of our Bache business:

• Investment Banking Net Revenues of $1,066 million
• Total Sales and Trading Net Revenues of $896 million
• Total Adjusted Net Revenues of $1,882 million (excluding Bache)
• Adjusted Net Earnings of $153 million (excluding Bache)
• Net Earnings of $75 million (including Bache)

Richard B. Handler, Chairman and Chief Executive Officer, and Brian P. Friedman, Chairman of the Executive Committee, commented:

“Despite solid results in Investment Banking and Equities, our overall results are disappointing. Our Net Revenues for the quarter were $583 million and our Net Earnings were $47 million, excluding Bache. After a solid second quarter, the third quarter’s sales and trading environment was initially slow due to concerns about a possible Greek exit from the Euro, and then became more volatile and challenging in the second half of the quarter as news of China's economic growth deceleration led to a further deterioration of trading volumes and continuing declines in global asset prices. A substantial increase in volatility affected almost every asset class globally. This significantly impacted, among other areas, the distressed side of the credit market, most notably in the energy sector.”

“Fixed Income net revenues were negative $14 million for the quarter, reflecting the slow environment and the volatility that resulted in mark-to-market write-downs in our inventory. Trading results of our high yield distressed sales and trading business for the quarter particularly impacted our results negatively. As is the nature of the distressed market making business, Jefferies assumes positions in sectors where the firm's clients and the market are most active, with mark to market gains and losses recognized on a daily basis. During the last nine months, losses totaling $90 million were recorded across more than 25 distressed energy positions. For the nine month period we recognized negative revenues in respect of the ten largest individual loss-making positions of about $4 million to $19 million each, or an average of about $8 million. These markdowns, combined with lower activity levels and more modest inventory write downs in several other areas of our global fixed income business, accounted for much of the balance of negative pressure on our fixed income results. As one of the leading investment banking platforms serving the energy sector, with meaningful recent involvement in restructurings and financings, we continue to be committed to our energy clients.”

“We believe most of the issues we faced this past quarter in Fixed Income were due to distinct factors that began about a year ago and the largest portion of which relates to the turmoil in the oil and gas industry. For the first nine months of 2015, we have provided liquidity and traded approximately $5 billion in distressed energy securities for our clients. Our exposures in our distressed energy trading business decreased approximately 50% during the quarter and are currently down to $70 million in total net market value. We believe that, with our exposures in distressed securities reduced to current levels, there should be no similar impact on our future results.”

“While adversely affected by the sell-off in the global markets during August, our core Equities business performed reasonably. Equities Net Revenues for the period were $203 million. Jefferies Investment Banking Net Revenues were a very solid $390 million, including our best quarter ever in Equity Capital markets. For the nine months ended August 31, 2015, our fee based investment represented 54% of net revenues, a similar proportion to the comparable period a year ago. Our investment banking backlog remains robust and diverse in terms of products, sectors and regions. Our level 3 assets remain below 3% of our inventory, and all of our balance sheet and liquidity metrics are in line with every one of our historical ranges. We reduced our KCG position during the quarter by tendering 6.5 million shares at $14 per share, realizing $91 million in cash.”

"We have substantially completed the unwind of Bache within our expectations of timing, cost and write-offs. We have transferred virtually all client accounts to Societe Generale and other service providers. No meaningful risk pertaining to this business remained on our books at the end of the third quarter. To put into perspective how the impact Bache has had on our recent results, in 2014 our firmwide net income of $158 million included a net loss of $100 million with respect to Bache. Similarly, for the 2015 full fiscal year, we expect Jefferies will incur the same net loss in respect of Bache as we did in 2014, or about $100 million, including all material final-wind down costs. For the first nine months of 2015, our results include a net loss of $77 million with respect to Bache. These overall results included a write-off of goodwill of $52 million in 2014 and non-cash write-offs of $24 million in 2015 on a pre-tax basis. We are pleased finally to be able to move on.”

“While market dislocations occur from time to time, they typically have allowed us opportunities to take advantage of our unique competitive position as we continue to invest across Jefferies to improve our capabilities to serve our growing client base. We have made key hires this summer in Investment Banking, Equities and Fixed Income, and we expect to continue to grow our market share by serving well our existing and new clients globally.”

“With our business mix simplified and more focused with the unwind of Bache, Jefferies should be able to deliver more consistent and stronger results. Our progress and momentum across the rest of our firm have been offset by the trading losses and sluggish activity of a handful of businesses. Our overriding goal is to deliver results in this fourth quarter and in 2016 that reflect the full earnings power of the Jefferies franchise in Equities, Fixed Income and Investment Banking.”

The attached financial tables should be read in connection with our Quarterly Report on Form 10-Q for the quarter ended May 31, 2015 and our Annual Report on Form 10-K for the year ended November 30, 2014. Amounts pertaining to August 31, 2015 represent a preliminary estimate as of the date of this earnings release and may be revised in our Quarterly Report on Form 10-Q for the quarterly period ended August 21, 2015. Adjusted financial measures referenced above are non-GAAP financial measures, which management believes provide meaningful information to enable investors to evaluate the Company's results in the context of exiting the Bache business. Refer to the Supplemental Schedules on pages 6-8 for a reconciliation of Adjusted measures to the respective direct U.S. GAAP financial measures.

This release contains "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements about our future results and performance, including our future market share, expected financial results and unwind costs of Bache. It is possible that the actual results may differ materially from the anticipated results indicated in these forward-looking statements. Please refer to our most recent Annual Report on Form 10-K for a discussion of important factors that could cause actual results to differ materially from those projected in these forward-looking statements.

Jefferies, the global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and foreign exchange, as well as wealth management, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE:LUK), a diversified holding company.

(a) Reconciliation of the compensation ratio for U.S. GAAP to Adjusted is a derivation of the reconciliation of the components above.

This presentation of Adjusted financial information is an unaudited non-GAAP financial measure. Adjusted financial information begins with information prepared in accordance with U.S. GAAP and then those results are adjusted to exclude the operations of the Company's Bache business. The Company believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures are useful to investors as they enable investors to evaluate the Company's results in the context of exiting the Bache business. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

(a) Reconciliation of the compensation ratio for U.S. GAAP to Adjusted is a derivation of the reconciliation of the components above.

This presentation of Adjusted financial information is an unaudited non-GAAP financial measure. Adjusted financial information begins with information prepared in accordance with U.S. GAAP and then those results are adjusted to exclude the operations of the Company's Bache business. The Company believes that the disclosed Adjusted measures and any adjustments thereto, when presented in conjunction with comparable U.S. GAAP measures are useful to investors as they enable investors to evaluate the Company's results in the context of exiting the Bache business. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with U.S. GAAP.

JEFFERIES GROUP LLC AND SUBSIDIARIES
CONSOLIDATED ADJUSTED SELECTED FINANCIAL DATA
FOOTNOTES

(1) Revenues generated by the Bache business, including commissions, principal transaction revenues and net interest revenue, for the presented period have been classified as a reduction of revenue in the presentation of Adjusted financial measures.

(2) Compensation expense and benefits recognized during the presented period for employees whose sole responsibilities pertain to the activities of the Bache business, including front office personnel and dedicated support personnel, have been classified as a reduction of Compensation and benefits expense in the presentation of Adjusted financial measures.

(3) Expenses directly related to the operations of the Bache business for the presented periods have been excluded from Adjusted non-compensation expenses. These expenses include Floor brokerage and clearing fees, amortization of capitalized software used directly by the Bache business in conducting its business activities, technology and occupancy expenses directly related to conducting Bache business operations and business development and professional services expenses incurred by the Bache business as part of its client sales and trading activities, including estimates of certain support costs dedicated to the Bache business.

(4) Total non-interest expenses for the three and nine months ended August 31, 2015 include costs of $33.1 million and $61.7 million, respectively, on a pre-tax basis, related to our exit of the Bache business. The after-tax effect of these costs is $23.7 million and $44.2 million for the three and nine months ended August 31, 2015, respectively. These costs consist primarily of severance, retention and benefit payments for employees, incremental amortization of outstanding restricted stock and cash awards, contract termination costs and incremental amortization expense of capitalized software expected to no longer be used subsequent to the wind-down of the business. We expect to incur additional costs of $11.8 million and $8.5 million on a pre-tax and post-tax basis, respectively, over the remainder of fiscal 2015.

(A) VaR estimates the potential loss in value of our trading positions due to adverse market movements over a one-day time horizon with a 95% confidence level. For a further discussion of the calculation of VaR, see "Value at risk" in Part II, Item 7 "Management's Discussion and Analysis" in our Annual Report on Form 10-K for the year ended November 30, 2014.

(A) VaR estimates the potential loss in value of our trading positions due to adverse market movements over a one-day time horizon with a 95% confidence level. For a further discussion of the calculation of VaR, see "Value at risk" in Part II, Item 7 "Management's Discussion and Analysis" in our Annual Report on Form 10-K for the year ended November 30, 2014.

JEFFERIES GROUP LLC AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS - FOOTNOTES

(1) Amounts pertaining to August 31, 2015 represent a preliminary estimate as of the date of this earnings release and may be revised in our Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2015.

(2) At August 31, 2015, other sources of liquidity include high quality sovereign government securities and reverse repurchase agreements collateralized by U.S. government securities and other high quality sovereign government securities of $1,263 million, in aggregate, and $446 million, being the total of the estimated amount of additional secured financing that could be reasonably expected to be obtained from our financial instruments that are currently not pledged at reasonable financing haircuts. At May 31, 2015 and August 31, 2014 amounts also included additional funds that were available under the committed senior secured revolving credit facility available for working capital needs of Jefferies Bache. The corresponding amounts included in other sources of liquidity at May 31, 2015 were $1,135 million and $527 million, respectively, and at August 31, 2014, were $1,530 million and $348 million, respectively.

(3) Tangible member's equity (a non-GAAP financial measure) represents total member's equity less goodwill and identifiable intangible assets. We believe that tangible member's equity is meaningful for valuation purposes, as financial companies are often measured as a multiple of tangible member's equity, making these ratios meaningful for investors.

(4) Bache assets (a non-GAAP financial measure) includes Cash and cash equivalents, Cash and securities segregated, Financial instruments owned, Securities purchased under agreements to resell and Receivables attributable to our Bache business.

(5) Level 3 financial instruments represent those financial instruments classified as such under Accounting Standards Codification 820, accounted for at fair value and included within Financial instruments owned.

(6) In May 2015, the Financial Accounting Standards Board issued Accounting Standards Update No. 2015-07, “Fair Value Measurement (Topic 820) - Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent).” The guidance removes the requirement to include investments in the fair value hierarchy for which the fair value is measured at net asset value using the practical expedient under “Fair Value Measurements and Disclosures (Topic 820).” The guidance also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value practical expedient. Rather, those disclosures are limited to investments for which we have elected to measure the fair value using that practical expedient. The guidance is effective retrospectively and we have early adopted this guidance during the second quarter of fiscal 2015.

(7) At August 31, 2015, May 31, 2015 and August 31, 2014, total capital includes our long-term debt of $5,337 million, $5,340 million and $6,368 million, respectively, and total equity. Long-term debt included in total capital is reduced by amounts outstanding under the revolving credit facility and the amount of debt maturing in less than one year, where applicable.

(8) Leverage ratio equals total assets divided by total equity.

(9) Adjusted leverage ratio (a non-GAAP financial measure) equals adjusted assets divided by tangible total equity, being total equity less goodwill and identifiable intangible assets. Adjusted assets (a non-GAAP financial measure) equals total assets less securities borrowed, securities purchased under agreements to resell, cash and securities segregated, goodwill and identifiable intangibles plus financial instruments sold, not yet purchased (net of derivative liabilities). At August 31, 2015, May 31, 2015 and August 31, 2014, adjusted assets were $37,241 million, $37,172 million and $38,100 million, respectively. We believe that adjusted assets is a meaningful measure as it excludes certain assets that are considered of lower risk as they are generally self-financed by customer liabilities through our securities lending activities.

(10) Tangible gross leverage ratio (a non-GAAP financial measure) equals total assets less goodwill and identifiable intangible assets divided by tangible member's equity. The tangible gross leverage ratio is used by rating agencies in assessing our leverage ratio.

(11) Leverage ratio - excluding impacts of the Leucadia transaction (a non-GAAP financial measure) is calculated as follows:

(12) VaR estimates the potential loss in value of our trading positions due to adverse market movements over a one-day time horizon with a 95% confidence level. For a further discussion of the calculation of VaR, see "Value at risk" in Part II, Item 7 "Management's Discussion and Analysis" in our Annual Report on Form 10-K for the year ended November 30, 2014.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150917005632/en/