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Mastercard will share its innovations in Central America at the Digital Payment Summit

Have you noticed details like how many fingers you use to write on your cell phone and at what speed? Or more subtle ones, like how many degrees do you tilt your device when typing? Mastercard does. And it is using technology to improve the security of electronic payments in Central America. All these patterns of personal use are part of passive biometrics, which strengthens security to verify the identity of users. This very unique learning is already incorporated by Kash, an application that facilitates payments between banks and debit cards, currently present in Costa Rica and Guatemala. “Kash uses passive biometrics, that sets us apart from our competitors, even with other accepting network brands. The fact that we have protected Kash’s transactions with NuData, which is our product that does passive biometrics, makes us particularly proud, ”says Gabriela Ugarte, Director of Digital Solutions at Mastercard for Mexico and Central America. The recurrence of biometrics in security is not new. It is already present in the market through fingerprints, or facial recognition. Passive biometrics add a new layer of identity verification, very useful in the case of robberies and hacks, but also in the case of innocent accidents, such as children buying video games or applications on the adult’s phone. Mastercard wants to share the advances in the payment ecosystem, and for this reason it will celebrate the Digital Payment Summit Mexico and Central America, this Monday, October 12. More than a dozen senior managers from Mastercard will meet in this online forum. “We are going to talk about all those technologies that are at hand today and that are imperative to give the maximum experience and maximum security”, anticipates Ugarte. To participate, the registration is available here. Donald Chesnut, Chief Experience Officer of Mastercard Global, will speak about the products and services that Mastercard develops, having the consumer experience at the center of the design. The approach to digital transformation and new consumer behavior will be in charge of Walter Pimenta, Senior Vice President of Products and Innovation for America and the Caribbean; on the other hand, Stefany Bello, vice president of Digital Alliances, will contribute ideas on the future of electronic commerce. There will also be space for SMEs, and precisely that will be the intervention of Daniel Acosta, Vice President of Commercial Products of Mastercard. One of the fundamental topics, security, will be in charge of Jorge Arbesu, Vice President of Cybersecurity and Intelligence for Latin America and the Caribbean. His presentation is called Artificial Intelligence and Cybersecurity.

Digital payments

Due to the Covid-19 pandemic, Central America has advanced in just eight months, which would otherwise have taken between 5 and 10 years. “Buyers had no choice but to accept the fact of taking an online course or entering a virtual yoga class. We had no other alternative, but probably today we will start doing it like this, online ”, Ugarte illustrates. “17% of people in Latin America are already using online banking. The number is still small, ”says Ugarte, but it begins to increase. In fact, among the main trends in the region, the digital transformation of financial agents stands out, especially banks and financial technology companies, known as Fintechs. “They have on their highest priority list topics on how to protect the user, make digital wallets, the ‘contactless’ (payments without contact). I believe that Central America has been ahead of Latin America in terms of ‘contactless’ ” , affirms the director of Digital Solutions of Mastercard. Costa Rica leads the isthmus, with a 90% penetration of contactless payments. “That enables it not only at the level of infrastructure, but also the familiarity that Costa Ricans have to make these types of payments, it is the example to look at for the penetration and education they have,” Ugarte observes. However, a lot of progress is needed in financial inclusion and banking. There are great challenges in Guatemala and Mexico. In the latter country, only a quarter of the population has a relationship with a bank. “Not having a bank account, a means where they deposit you, greatly limits your opportunities. The challenge in the region is enormous and to overcome it we accompany our partners, who are mainly banks and Fintechs in the region ”, highlights Ugarte. The growth potential of digital payments in the region is enormous, considering the high penetration of smartphones. In addition, the arrival of leading applications such as Netflix, Uber, Rappi and Glovo gave a boost to the market, especially the modality of recurring payments through credit cards.
Electronic payments had already started their acceptance several years ago, with more success in certain areas than others. “Years ago we lost the fear of buying plane tickets online, but eight months ago we were dying of panic to pay for electricity or the supermarket,” says Ugarte. Fintechs will come to help more ground and to print more dynamism in the market. Banks themselves are riding this trend, either by incorporating their own Fintechs or by thinking outside the box. Now they dare to test digital products with more agility, thanks to the progressive issuance of Fintech Laws and ‘open banking’ technologies. “Being able to open the bank to start sending and receiving information from other institutions is here to stay, because they know that whoever does not make this type of transformation is left behind”, visualizes the Mastercard representative.

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New OnePlus 9RT: Specs, launch date, colors revealed

OnePlus hasn’t said how much RAM the 9 RT will feature, however Geekbench has shown that it will sport 12GB of RAM. However, an 8GB variant will almost certainly be available.

Shenzhen [China]: The OnePlus 9 RT’s launch date and specifications have been revealed by OnePlus ahead of its official announcement.

According to GSM Arena, the OnePlus 9 RT will go on sale in China on October 13, or next week.
Although the new OnePlus smartphone will be unveiled in China first, it is expected to make its way to India as well. In India, the OnePlus 9 RT has yet to be announced.

The Snapdragon 888 SoC will power the OnePlus 9 RT, which will be paired with LPDDR5 RAM and UFS 3.1 storage. It will have a 120Hz E4 screen and a 4,500mAh battery that will charge at 65W. The primary camera on the 9 RT will be 50 megapixels.

OnePlus hasn’t said how much RAM the 9 RT will feature, however Geekbench has shown that it will sport 12GB of RAM. However, an 8GB variant will almost certainly be available.

The phone maker also revealed that the 9 RT will be available in two colour options: black and grey, and that pre-orders will begin on October 13 in China, with the first sale on October 19.

We’re still four days away from the launch, so expect more information regarding the OnePlus 9 RT in the days leading up to it.

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Meaning of CEO, COO, CFO, CIO, CTO and CMO: Calling each executive by name

The adoption of business terms and technicalities from English-speaking organizations is increasingly widespread, and acronyms that describe executive positions are often favorites when used by those responsible for the areas of the company. The use of acronyms such as CEO, COO, CIO, CTO and CMO has become widespread, both in more traditional organizations such as startups and other technology-based companies.

But what is the meaning of these acronyms?

If we pay careful attention to its definition, we will see that the meaning of CEO and the rest of the management figures of companies are much simpler than you thought.

What is the CEO of a company?

The CEO of a company is the acronym corresponding to the acronym for Chief Executive Officer, which in Spain we usually know as CEO or Executive Director. He is the head of administrative management and direction in the company.

Who is the COO?

It comes from the Chief Operating Officer and can be translated as Director of Operations or Chief of Operations, responsible for the daily operations of the company such as production, logistics, etc.

What does CFO stand for in English?

CFO is the abbreviation for Ch IEF Financial Officer. In our business culture it corresponds to the Chief Financial Officer and his responsibility is the economic and financial planning of the company based on the objectives established by the board of directors, generally made up of those responsible for each area that we are analyzing in this post.

What is the CIO of a company?

It comes from the acronym for Chief Information Officer. Their role is attributed to the person responsible for the company’s information technology systems and usually falls into different professional profiles depending on the organization’s structure. Thus, the position of CIO may be the counterpart of the systems manager, although there is ambiguity in its implementation and it is often confused with the CTO, which we explain below.

What does the acronym CTO stand for?

It is the abbreviation of Chief Technology Officer and it is usual to give it the same treatment as the system manager in an erroneous way by many companies. The main difference is that while the CIO is responsible for the company’s information services at the process level and from the planning point of view, the CTO is the technical person in charge of the development and correct operation of the information systems from the point of view of execution.

What is a CMO in a company?

It corresponds to the acronym of Chief Marketing Officer and its translation in our business language is that of Marketing Director as the head of sales and product development, among other functions.

Its application in practice is different according to the structure of each organization, and there may be various combinations in the hierarchy of these executive positions. In general, the meaning of CEO of the company falls on the highest part of the organization and has as subordinates the executives responsible for each area, who report directly to this CEO to make his decisions. However, in other organizational models, the position of CEO held by its president as the visible image in communication and public relations of the company, delegating the highest decision-making authority to the COO.

The meaning of CEO extends

This definition nomenclature of executive positions in companies does not end here. Many of these terms did not exist a few years ago, and the increasing specialization of departments in large organizations gives rise to new positions, which after the meaning of CEO and the other positions that we have seen evolve into new figures such as the CSO (Chief Science Officer), CCO (Chief Commercial Officer), CLO (Chief Legal Officer) among many other definitions of executive positions.

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Coworking: Need or Opportunity?

Many times when it comes to undertaking we see that there are a great multitude of impediments that stop our initiative.

One of the most obvious, especially in times of crisis, is financing. That is why a work modality called coworking has proliferated in Spain for a few years. But what is coworking?

The foundation of coworking is to bring together professionals from different fields in the same space where they can develop their activity, which means significant cost savings. In other words, it’s like having roommates with whom you share expenses.

Surely, you have heard a friend talk about a coworking space, collaborative work, cost savings, … So far great, but the philosophy that underlies this type of work is even broader. The work tends to be increasingly multidisciplinary and many times, as entrepreneurs , we cannot cover the requests of a potential client.

We are going to put an example. Let’s imagine that we are a freelance professional specialized in Online Marketing and we have several accounts as a Community Manager.

As you are self-employed, but you are not motivated either by being in your pajamas all day locked at home listening to music, or worse, some gossip program that they give in the morning on TV – not to mention going to work in a library where the WIFI is slower than on your first Smartphone – you decide to try a coworking space where you have all the comforts for a small price and from which you can always “run away” if things don’t go well for you.

One fine day comes the opportunity to create a Social Media plan for a company. Within this Plan the creation of a corporate blog, the creation of videos,… to which you obviously answer: “no problem!” Is contemplated, since it is an opportunity that you cannot miss.

Once you dismiss the client, you sit in your chair and a cold sweat starts to run down your forehead thinking “now how do I do all this?”

From its programming, database creation, corporate identity creation … to the creation of promotional videos and a long etcetera.

Suddenly you raise your head like a meerkat in the African savannah and you see Nika, that nice girl who is a web designer and a little further on you see Alfon, that “compi” with whom you go out for beer on Fridays when you finish ” currar ”and it turns out that in addition to working as an illustrator, he has a hobby which is making videos, especially for his friends, and on top of that, it’s really good!

Et voilá! You already have a fully qualified team to carry out your project… and who knows if a future company. This idea is what underlies the coworking philosophy : Being able to create flexible collaborative environments that adapt to the needs of projects or clients.

Obviously, cooperative work has its advantages and disadvantages. Creating a multidisciplinary team for a project can be complicated, since managing the team is not an easy task when the participants do not share a mutual philosophy or common goals. Therefore, it is important to create a team that complements each other both on a human and professional level, and above all that wants to move the project forward.

From my own experience, if you want to develop your own project and do not have funding , it is better to make it very clear to the participants the delivery times and what their role in the team is. Otherwise, you will end up spending more time trying to coordinate people than working directly on your project.
“Luck is what happens when preparation and opportunity meet and merge.” Voltaire

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