RBS: Small shareholders demand a say in bank bosses’ pay


Small investors in RBS are pushing for the bank to set up a shareholder committee to give them a bigger say in areas such as executive pay.

Groups representing small shareholders argue they should be involved in ensuring good corporate governance.

Investors hope RBS will serve as a test case so other companies will consider installing a shareholder committee.

RBS said it had not seen full details but pledged to “look closely” at it once it had.

The way companies are managed – and how much bosses are paid – has been been under particular scrutiny this year following the collapse and loss of 11,000 jobs at BHS and the revelations about pay and working conditions at Sports Direct.

Chief executives of FTSE 100 companies have a median pay package of £4.3m, according to the High Pay Centre, which works out at 140 times that of the average worker.

In November, the government issued a Green Paper to explore improving how companies are run.

It proposed that a shareholder committee could be set up “to scrutinise remuneration and other key corporate issues such as long term strategy and directors’ appointments”.

The UK Individual Shareholders’ Society (ShareSoc) and the UK Shareholders’ Association (UKSA), who represent retail (individual) investors, said: “We suggest that this initiative will significantly benefit corporate governance at RBS, and represents a valuable opportunity for RBS to lead the way in exploring a concept which works well in other countries.”

ShareSoc and UKSA will present RBS with a resolution for the proposal to be included on the agenda at the bank’s annual general meeting in May, where investors would then be given the chance to vote on the measure.

A spokesman for RBS, said: “We have not yet received the final draft resolution. Once it has been delivered we will look closely to ensure that it complies with all corporate governance and listing guidelines.”



[Source:- BBC]

Apple Pay UK launch guide | Apple Pay coming to Mac

Apple Pay FAQs: Will Apple Pay work in the UK, is Apple Pay secure and more questions answered

Apple Pay launched in the UK on 14 July 2015. In this article we answer all the other questions UK readers are asking about Apple Pay and its UK launch: how Apple Pay works; how to set up and use Apple Pay; which UK shops and retailers support the Apple Pay service; Apple Pay security; and likely launch dates for Apple Pay in other European countries.

Update 13 June: Apple has announced that Apple Pay is coming to the Mac withMac OS Sierra this Autumn. You’ll need to use the fingerprint sensor on your iPhone to authenticate the payment. Find out more about Apple’s WWDC 2016 announcements by clicking here. More to follow.

We’re also very interested in when each UK bank, building society and credit card will support Apple Pay. Until now the biggest mystery has been Barclays, the last major UK bank to adopt the Apple Pay service – but there’s good news on that front in our dedicated section When will Barclays get Apple Pay?

If you’ve got any more questions about the Apple Pay service or its launch here in the UK, let us know on Twitter or post them to the comments below. And don’t forget to answer our poll: Are you going to sign up for Apple Pay?

For Macworld’s verdict on the service, read our Apple Pay review.

Also read: Apple rumours and predictions for 2016

Main sections in this article:

  • Apple Pay launch details
  • UK banks & credit cards that support Apple Pay (updated, 5 April 2016, with the news that Barclays has launched Apple Pay support!)
  • UK shops that support Apple Pay
  • Apps that work with Apple Pay
  • How to set up and use Apple Pay
  • Apple Pay security, privacy and fraud
  • Which Apple devices support Apple Pay?
  • Alternatives to Apple Pay

Apple Pay UK launch: Apple Pay UK launch details

Apple Pay officially launched in the UK on 14 July 2015. A first tier of UK banks offered Apple Pay support immediately (including NatWest, Santander and Nationwide), but a second wave will have to wait until later in the year.

Apple Pay’s UK launch came roughly nine months after the US launch of Apple Pay on 20 October 2014, as part of the iOS 8.1 update. Apple Pay saw 1 million activations in its first three days, according to Apple.

The service also launched in France in July 2016, nearly exactly a year after its UK introduction. This took the total number of countries enjoying Apple Pay to eight. Much like other roll-outs, it won’t be available with every major bank, highlighting the same consumer frustration attached to previous launches.

We’re not sure how quickly retailers will adapt to the service. The experiences of our colleagues at Macworld US suggests that it will take a few weeks for the training to kick in, and that the early days will see more than a few shop assistants (and iPhone owners) struggling to cope with the new technolog

Apple Pay launch date: When will Apple Pay launch around the rest of the world?

As a UK-based site, we were most interested in Apple Pay’s British launch. But we do have readers hailing from other nations, many of whom are keen to know when they’ll be able to use Apple Pay.

Canada & Australia

Apple Pay launched in the US first of all; here in the UK we were second to join the party. The service has since launched in Canada, and will launch in Australia on Thursday 26th November 2015. There is one caveat: in both Canada and Australia Apple Pay is available only for American Express customers.

Canada has long been ruymoured as an imminent Apple Pay launch venue. Back in April it was reported that Apple Pay was set for a Canadian rollout in autumn 2015, with the Cupertino company in talks with six Canadian banks.

My colleague Caitlin McGarry (writing from the US) reported that “Apple picked Canada as its test case for expansion for two main reasons: iPhones are incredibly popular up north and Canadian merchants have already moved to Near-Field Communication-equipped payment terminals, which Apple Pay requires.”


A careless tweet from a Belgian bank recently suggested that, against expectations, that country might be the next part of Europe to start accepting Apple Pay.

KBC responded to an individual query by stating, quite matter-of-factly, that “this will be possible as of this summer. Have a nice day.” We wish other tech rumours could be dealt with in this sort of way.



[Source: Macworld]

UPPCL allows users to pay electricity bills via Vodafone M-Pesa

UPPCL allows users to pay electricity bills via Vodafone M-Pesa

Vodafone India and the Uttar Pradesh Power Corporation (UPPCL) have announced that consumers in UP East Circle will now be able to pay electricity bills via Vodafone M-Pesa. The service can be availed by Vodafone as well as non-Vodafone customers of UPPCL by registering themselves for Vodafone M-Pesa. In addition, consumers can save 5% of the bill amount up to a maximum of Rs. 50 on their electricity bill for a period of six months by availing this service.

Read the complete press release below

Vodafone India, one of India’s leading telecommunications service providers along with Uttar Pradesh Power Corporation Ltd. (UPPCL), the State Power Distribution Utility of Government of Uttar Pradesh,today announced a facility whereby Electricity consumers in UP East circle, will be offered cashless, secure and easy electricity bill payments using Vodafone M-Pesa (powered by Tech Process). Customers of UPPCL spread across 73 towns in UP-East will now be able to pay their electricity bill through Vodafone M-Pesa anytime, from anywhere, significantly increasing the convenience factor.

Vodafone M-Pesa isa unique and innovative Digital Wallet service from Vodafone that offers Money Transfer, Bill & Utility Pay, Merchant payments and Business Solutions (Enterprise Cash Management) with the largest network of 20,000 Agents (CashIn Points) spread across various towns and villages in UP East, enabling instant transfer and receipt of money anytime, from anywhere.

This service can be availed by all Vodafone as well as Non- Vodafone customers of UPPCL simply by registering themselves forVodafone M-Pesa. Vodafone M-Pesa customers can pay their UPPCL electricity bill through their mobile phones by downloading theVodafone M-Pesa app from or USSD by dialing *400#, Or visiting M-pesa portal (www.mpesa.in). Customers paying their bills through UPPCL website can also select M-Pesa as a payment option. By availing Vodafone M-Pesa to pay their electricity bills, customers cansave 5 percent of the bill amount or a maximum of Rs 50 on their electricity bill for a period of 6 months.

Speaking on this initiative, Nipun Sharma, Business Head –UP East, Vodafone India said, “Vodafone M-Pesa is delighted to be the harbinger of a facility that will significantly simplify the process of monthly electricity bill payments for UPPCL customers. This partnership will assist in Financial Inclusion by extending the convenience of cashless bill payment to unbanked sections. No more standing in queues or spending precious time on electricity bill payments. Just become a Vodafone M-Pesa user and get empowered with a safe, speedy and convenient mechanism to pay your Electricity bill on the go.”

Mr. Sanjay Kumar Singh, Director Commercial UPPCL, said “We are happy to announce this association with Vodafone M- Pesa. We value our consumers and strive to give them a user friendly service experience. We believe
this partnership with Vodafone M-Pesa will significantly make life simpler for our consumers,  by offering them the convenience of bill payments on their fingertips.”

Serving the needs of the unbanked and under-banked sections, Vodafone M-Pesa is a safe, fast and convenient way of bringing the bank to the mobile. Also, with a pan India distribution network of over 120,000 agents and with more than 4.5 million customers, Vodafone M-Pesa is today the largest banking business correspondent in the country. Vodafone M-Pesa plays a vital role in enabling financial inclusion and m-commerce, by effectively leveraging the combined strengths of Vodafone’s global expertise in the domain of mobile payments and widespread distribution reach in India, with the security of financial transactions provided by ICICI Bank.


[Source:- Digit]

Windows 10’s pushy upgrade tactics pay off with share growth

microsoft windows 10 logo

Microsoft’s recent campaign to force-feed the Windows 10 upgrade to older PCs appears to have been successful, generating a short but sustained increase in usage, according to a pair of data sources.

Last week, users of Windows 7 and Windows 8.1 systems began reporting that the automatically-downloaded Windows 10 upgrade had been installed, with an accompanying glut of complaints that they had not had the opportunity to decline the offer, or if they did see a way to reject 10, were stuck in a loop where the demand endlessly reappeared.

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In some cases, users were unable to regain control of their machines until they acquiesced and let Windows 10 install.

Although the automatic download of Windows 10 and its upgrading a PC from older OSes has been expected for months — and was switched on six weeks ago — the process was supposed to require user approval at some point. Yesterday, Microsoft again confirmed that, with a spokesman saying, “Customers continue to be fully in control of their devices” in a statement. Yet many users claimed that they had not been asked, and had, in fact, lost control of the procedure.

Whether such behavior was part of Microsoft’s plan or an error — either on Microsoft’s part or because of PC configurations — is unknown. Microsoft has declined to explain why Windows 10 had been installed without any user action.

The result was clearer.

According to analytics vendor StatCounter, Windows 10 posted substantial week-over-week increases in usage share starting March 10. In four of the next five days — through Monday, March 14 — those gains were near a full percentage point.

The last time StatCounter’s Windows 10 numbers increased that much during even a short stretch was at the end of 2015 and the first few days of 2016, when growth was likely buoyed by a combination of new PCs and the holidays. (Because Windows 10 has gotten only a minor foothold on business systems, when consumers are at their own PCs — on weekends but also on U.S. or global holidays — 10’s usage spikes.)

StatCounter measures operating system activity using page views from the websites belonging to its clients.

Another source of Windows 10 activity — the U.S. government’s Digital Analytics Program (DAP) — signaled a similar boost in the new OS’s usage.

DAP tallies visits to more than 4,000 websites on more than 400 domains maintained by U.S. government agencies, such as the Internal Revenue Service (IRS) and the U.S. Citizenship and Immigration Services (USCIS). The bulk of the traffic DAP measures originates within the U.S.

Like StatCounter, DAP showed that Windows 10’s share jumped beginning March 10, and maintained week-over-week increases of about a percentage point through yesterday. The gains were the largest and longest-sustained that DAP had measured since January 22-28.

On Sunday, March 13, for instance, Windows 10 accounted for almost a third of all Windows versions that powered PCs that were directed to a site among DAP’s collective. That was a record for Windows 10 in DAP’s tracking.

DAP’s Windows 10 data was analyzed by Computerworld as its portion of only Windows, and so was not identical to StatCounter’s, which was 10’s share of all personal computers.

Last week’s share surge was in contrast to February, when for the month as a whole Windows 10’s growth slowed to as little as half as much as the month prior.

Although some users faced with the take-it-or-take-it Windows 10 upgrade said that they’d retreated to an older OS — Windows 10 is supposed to let customers roll back to the previously-installed operating system for at least a month — the numbers from DAP and StatCounter hinted that many simply went with the flow and stayed with 10. But even some of those people were furious.

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“Yesterday, I was shutting down my computer (previous Windows 7), and in the afternoon I checked my computer [and it] turned on with Windows 10,” wrote someone identified as MegamanEXE2013 on a Reddit thread Sunday. “Do I have a problem with the OS? No. Was it abusive? Yes, totally!”

Microsoft has crafted a Windows 10 upgrade strategy that has been much more aggressive than in the past, using a wide range of practices, from making the upgrade free to consumers and many small businesses, to loading the upgrade bits on PCs without waiting for customers to request them. Microsoft is determined to accelerate the uptake of Windows 10, and has set itself the goal of putting the operating system on 1 billion devices by mid-2018 to stress that fact.

The Redmond, Wash. company will continue to give away the Windows 10 upgrade to people running the consumer and mid-level commercial editions of Windows 7 and Windows 8.1 until nearly the end of July. It’s unclear what the firm will do then if it believes it has not convinced or cajoled enough users into upgrading. Among its options: extend the free deal or again change how it delivers and installs the OS on current systems.

windows 10 share growth through 3 16 16

[Source:- Computerworld]