Mundo may be ruined at Natl Stadium announcement on litigation soon

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppTurks and Caicos, March 21, 2017 – Providenciales – The multi-million dollar National Stadium is run down, its Mundo track is ruined and once the dust is settled in the ongoing legal battle for the facility, TCIG will likely have to take up the old Mundo to lay new competition standard turf.  “A costly project that has been left to ruin, it is my advice from an expert that the track may be no good anymore and that we may have to look at purchasing a new track, and of course I asked how much, six hundred thousand dollars, but sports is big for us, sports is huge for us and we’re going to invest what we have to because there is so much benefit.”That is Premier Sharlene Robinson responding to media questions on where the litigation stands.  It was said it is ongoing, with a statement coming ‘very soon’ media was told.Last week, the National Stadium was the stage for the inter high school track and field championships which was won by Clement Howell High and where a 35 year old long jump record was smashed by female athlete, Sanadia Forbes, who jumped 1.63 meters.#MagneticMediaNews#newtrackforNationalStadium#mundoruinedatNationalStadium Related Items:#magneticmedianews, #mundoruinedatNationalStadium, #newtrackforNationalStadiumlast_img read more

High speed chase leaves one man shot and another arrested

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppBahamas, July 5th 2017 – Nassau – A high-speed chase and gunfight between two men and police officers through several communities in New Providence early this morning, has left one man in hospital and another arrested.According to a police report, at around 1am, officers attached to the Mobile Division received a report that two males in a white Camry vehicle were armed with firearms in the Carmichael Road area. When police confronted the suspects and signaled for the driver to stop the vehicle, he refused and sped off. Officers then chased the vehicle for several miles until the car crashed near the Sir Sidney’s Bridge on East Bay Street.The two male suspects then exited the vehicle and proceeded to open fire at the police. Officers returned fire and shot one of the male suspects. Both men were arrested and a handgun was recovered from their vehicle. The injured suspect is currently detained in hospital under heavy police guard. Investigations are continuing.Story By: Kay-Marie Fletcher#MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#HighSpeedChase, #magneticmedianewslast_img read more

Tesla and Panasonic solar cells are reportedly being sent to the Philippines

first_img $59 at eBay Tidal 3-month family subscription: $5.99 (save $54) 0 Mentioned Above Apple iPhone XS (64GB, space gray) $299 at Amazon Read DJI Osmo Action preview Though not technically a Labor Day sale, it’s happening during Labor Day sale season — and it’s too good not to share. Nationwide Distributors, via Google Express, has just about the best AirPods deal we’ve seen (when you apply promo code ZBEDWZ at checkout). This is for the second-gen AirPods with the wireless charging case. Can’t imagine these will last long at this price, so if you’re interested, act fast. Post a comment Rylo 5.8K 360 Video Camera: $250 (save $250) Best Buy Google Nest Hub: $59 (save $70) Spotify and most other streaming services rely on compressed audio, which robs the listener of full fidelity. Enter Tidal, the only “major” service that delivers lossless audio — meaning at least on par with CD quality, if not better. Want to see (er, hear) the difference for yourself? Grab this excellent extended trial while you can. It’s just $6 for three months, and it’s good for up to six listeners. Boost Mobile Amazon Sprint $999 Sarah Tew/CNET Panasonic Tesla,I’m shocked — shocked! — to learn that stores are turning Labor Day into an excuse to sell stuff. Wait — no, I’m not. As much as I respect the original intent of the holiday (which became official back in 1894), to most of us, it’s just a bonus day off — one that’s blissfully tacked onto a weekend. So, yeah, stores; go ahead, run your sales. I’m listening. Perhaps unsurprisingly, Labor Day doesn’t bring out bargains to compete with the likes of Black Friday (which will be here before you know it), but there are definitely some sales worth your time.For example:We’ve rounded up the best Labor Day mattress deals.We’ve also gathered the best Labor Day laptop deals at Best Buy.The 2019 Vizio P Series Quantum is back under $999.Be sure to check out Amazon’s roughly three dozen Labor Day deals on TVs and audio. Google Express is having a big sale as well, one that includes deals on game consoles, AirPods, iPhones, laptops and more.Below I’ve rounded up a handful of individual items I consider to be the cream of the crop, followed by a handy reference guide to other Labor Day sales. Keep in mind, of course, that products may sell out at any time, even if the sale itself is still running. Note that CNET may get a share of revenue from the sale of the products featured on this page. Rylo The Cheapskate An Echo Dot makes a fine match for any Fire edition TV, because you can use the latter to say things like, “Alexa, turn on the TV.” Right now, the 24-inch Insignia Fire TV Edition starts at just $100, while the 32-inch Toshiba Fire TV Editions is on sale for $130. Just add any Fire TV Edition to your cart, then add a third-gen Echo Dot, and presto: The latter is free. $6 at Tidal Apple AirPods with Wireless Charging Case: $155 (save $45) Comments HP Laptop 15t Value: $520 (save $780) $999 $90 at Daily Steals via Google Express Share your voice Angela Lang/CNET Share your voice Culture Car Tech Tech Industry Car Industry Car Culture Read Google Home Hub review $999 Sarah Tew/CNET $520 at HP $210 at Best Buy See at Amazon Read Lenovo Smart Clock review The Tesla-Panasonic solar cells are shipping mainly to a Singaporean-owned factory in the Philippines, a report says. Tim Stevens/Roadshow A majority of the Panasonic solar cells made at a Tesla plant in New York are reportedly being sent to a factory in the Philippines rather than staying in the US.The solar cells are being purchased by HRD Singapore, which supplies solar panels to Ichijo, a Japanese eco-home building company, according to a report Thursday from Reuters. Tesla and Panasonic teamed up to make solar cells and modules in 2016 following Tesla’s acquisition of SolarCity.However, Reuters said Panasonic’s plans to ship most of the cells to Tesla for its Solar Roof trademark have fallen through “because of low demand from Tesla and a trade loophole that had fired up new foreign interest.”Tesla didn’t immediately respond to a request for comment. DJI’s answer to GoPro’s action cameras is rugged little model that’s shockproof, dustproof and waterproof down to 11 meters. It normally runs $350, but this deal drops it to $261 when you apply promo code 19LABOR10 at checkout.center_img Sarah Tew/CNET Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. Turo DJI Osmo Action camera: $261 (save $89) Free Echo Dot with an Insignia or Toshiba TV (save $50) Turo is kind of like Uber meets Airbnb: You borrow someone’s car, but you do all the driving. I’ve used it many times and found it a great alternative to traditional car-rental services — in part because you get to choose exactly the vehicle you want (not just, say, “midsize”) and in part because you can often do pickup and dropoff right outside baggage claim.Between now and Sept. 1, the first 300 people to check out can get $30 off any Turo rental with promo code LDW30. What’s cooler: A snapshot of a firework exploding in front of you, or full 360-degree video of all the fireworks and all the reactions to seeing them? Oooh, ahhh, indeed. At $250, the compact Rylo dual-lens camera is selling for its lowest price yet. And for an extra $50, you can get the bundle that includes the waterproof housing.This deal runs through Sept. 3; it usually costs $500. Use promo code 19LABOR10 to get an unusually good deal on JBL’s interesting hybrid product — not quite headphones, and not quite a traditional speaker, but something you wear like neckphones to listen to music on the go. $60 at Best Buy $155 at Google Express Lenovo 130-15AST 15.6-inch laptop: $210 (save $90) Read the Rylo camera preview I thought this might be a mistake, but, no, the weirdly named HP Laptop 15t Value is indeed quite the value at this price. Specs include an Intel Core i7 processor, 12GB of RAM, a 256GB solid-state drive and a 15.6-inch display. However, I strongly recommend paying an extra $50 to upgrade that display to FHD (1,920×1,080), because you’re not likely to be happy with the native 1,366×768 resolution. Other Labor Day sales you should check out Best Buy: In addition to some pretty solid MacBook deals that have been running for about a week already, Best Buy is offering up to 40% off major appliances like washers, dryers and stoves. There are also gift cards available with the purchase of select appliances. See it at Best BuyDell: Through Aug. 28, Dell is offering an extra 12% off various laptops, desktops and electronics. And check back starting Aug. 29 for a big batch of Labor Day doorbusters. See it at DellGlassesUSA: Aug. 29 – Sept. 3 only, you can save 65% on all frames with promo code labor65. See it at GlassesUSALenovo: The tech company is offering a large assortment of deals and doorbusters through Labor Day, with the promise of up to 56% off certain items — including, at this writing, the IdeaPad 730S laptop for $700 (save $300).See it at LenovoLensabl: Want to keep the frames you already love and paid for? Lensabl lets you mail them in for new lenses, based on your prescription. From now through Sept. 2 only, you can save 20% on the blue light-blocking lens option with promo code BLOCKBLUE. See it at LensablSears: Between now and Sept. 7, you can save up to 40% on appliances (plus an additional 10% if you shop online), up to 60% on mattresses, up to 50% on Craftsman products and more. The store is also offering some fairly hefty cashback bonuses. See it at SearsNote: This post was published previously and is continuously updated with new information.CNET’s Cheapskate scours the web for great deals on tech products and much more. For the latest deals and updates, follow the Cheapskate on Facebook and Twitter. Questions about the Cheapskate blog? Find the answers on our FAQ page, and find more great buys on the CNET Deals page. Turo: Save $30 on any car rental Chris Monroe/CNET Preview • iPhone XS is the new $1,000 iPhone X Tags $999 See It Read the AirPods review Tags See It See at Turo JBL Soundgear wearable speaker: $90 (save $160) Recently updated to include digital-photo-frame capabilities, the Lenovo Smart Clock brings Google Assistant goodness to your nightstand. It’s a little smaller than the Amazon Echo Show 5, but also a full $30 less (and tied with Prime Day pricing) during this Best Buy Labor Day sale. CNET may get a commission from retail offers. 7 Review • iPhone XS review, updated: A few luxury upgrades over the XR Sarah Tew/CNET $261 at Daily Steals via Google Express Formerly known as the Google Home Hub, Google’s Nest Hub packs a wealth of Google Assistant goodness into a 7-inch screen. At $59, this is within a buck of the best price we’ve seen. It lists for $129 and sells elsewhere in the $89-to-$99 range.This is one item of many available as part of eBay’s Labor Day Sale (which, at this writing, doesn’t specifically mention Labor Day, but that’s how it was pitched to us). See It Lenovo Smart Clock: $59.99 (save $20) See it Apple iPhone XS TVs Speakers Mobile Accessories Cameras Laptops Automobiles Smart Speakers & Displays The problem with most entry-level laptops: They come with mechanical hard drives. That makes for a mighty slow Windows experience. This Lenovo model features a 128GB solid-state drive, so it should be pretty quick to boot and load software, even with its basic processor. Plus, it has a DVD-burner! That’s not something you see in many modern laptops, especially at this price.last_img read more

Will Kasautii Zindagii Kay 2 actress Erica aka Prerna appear on another

first_imgKasautii Zindagiii Kay 2 actress Erica FernandesinstagramErica Fernandes has emerged as one of the most sought after actresses of the telly world in recent times. While the actress enjoys a massive fan following, her fanbase multiplied two-fold after she played Prerna in Ekta Kapoor’s popular show Kasautii Zindagii Kay 2. Her striking chemistry with lead actor Parth Samthaan aka Anurag Basu is another factor for the show being loved by millions.Although Erica has a hectic work schedule, she recently managed to take some time out to shoot for another show. Yes, Erica will soon be seen in Colors’ show Khatra Khatra Khatra with Bharti Singh and Haarsh Limbachiyaa.Erica shot for the show on July 24 and will be seen performing fun tasks on the show, PinkVilla reported. She is one among the many celebrities who have appeared on Khatra Khatra Khatra.The gorgeous actress must have been paid a whopping amount to appear on Khatra Khatra Khatra given that Erica’s show runs on a rival channel.Earlier, Parth had participated in Colors Kitchen Champions and was rumoured to be the highest-paid celebrity contestant to appear on the show. Besides his crazy fan following, it was said that one of the primary reasons for the fat paycheque was apparently because Parth’s show airs on a rival channel.Meanwhile, angry fans of Kasautii Zindagii Kay 2 are blasting the makers for not uniting Prerna and Anurag. As per the recent development on the show, Prerna married Mr Bajaj (Karan Singh Grover), ditching her love Anurag. Such is the craze for Anurag and Prerna that fans started trending #WeWantAnuPreOnly on social media despite knowing that Mr Bajaj’s entry will change the equation between Anurag-Prerna. Kasautii Zindagii Kay 2 stars Erica Fernandes and Parth Samthaan in Switzerlandinstagramlast_img read more

Visa Mastercard and American Express maybe taxed on India income

first_imgA coffee shop displays signs for Visa, MasterCard and Discover, in Washington, May 1, 2013.Reuters fileAs the global payments companies prepare themselves for setting up servers locally, they may end up paying 15 per cent tax on their India income. The payments majors Visa, Mastercard and American Express were directed by the Reserve Bank of India (RBI) to locally set up their data centres on all transactions taking place within India from October 15.The companies had informed the central bank that they would comply with the directives. Presently, these payments companies are not taxed as per the Indian laws since the legislation says that the foreign companies having ‘permanent establishment’ in the country would be liable to pay tax.These companies operate in India through offices in jurisdictions such as Singapore and store data on servers located in countries like the US and Ireland. In taxation, permanent establishment determines the place where a company is liable to be taxed.The Economic Times reported that the tax experts are of the opinion that after these companies move their server in India, they will be treated as having a permanent establishment here which would mean that they would be liable to pay tax under domestic laws.One of the tax experts said that “as per tax treaties India has with various countries, the server on which a website or data or software is stored and through with it is accessible is a piece of equipment having a physical location. Such a location can be considered as a fixed place of business of the enterprise that owns or leases and operates the server.”The corporates are taxed at a rate of 30 per cent on their profits however, these payment companies are likely to be taxed at around 15 per cent, the rate at which companies that have invested in India through their arms in countries like Singapore are taxed. It is to be noted that payments major are bracing themselves for tax implications arising out of this development.Meanwhile, Visa and American Express have informed that they have submitted plans to come in lines with regulations introduced by the RBI. In the wake of the data protection debate, the government and the RBI are taking lieu of measures to safeguard the user data in the country.last_img read more

UN battles mounting illness in Rohingya camps

first_imgA doctor checks a three-day old baby as Rohingya refugees gather at a relief point for babies and pregnant women at the Kutupalang refugee camp in Cox`s Bazar, Bangladesh 2 October, 2017. Photo: ReutersRelief agencies on Tuesday fought to contain a diarrhoea outbreak around camps in Bangladesh where more than 500,000 Rohingya have taken shelter in the past five weeks.The United Nations said meanwhile it would seek $430 million to increase operations in the camps along the Bangladesh-Myanmar border. The Rohingya Muslims have poured across the frontier to escape a military crackdown in Buddhist-majority Myanmar.A 20-bed treatment clinic was opened at Kutupalong refugee camp Monday to treat diarrhoea victims and another 60-bed facility would be set up this week, a UN spokesman said.UN staff and volunteers were touring Kutupalong and nearby makeshift camps to identify those who have not sought treatment, UN refugee agency spokesman Andrej Mahecic said.”We have seen an increasing trend of diarrhoeal disease cases, including cases of diarrhoea with severe dehydration,” he said.Bangladesh authorities were not aware of diarrhoea-related deaths in the camps, but the health department said more than 10,500 Rohingya had been treated since the influx began on August 25.Last week the World Health Organisation warned of a growing cholera risk in the makeshift camps as they lacked safe drinking and hygiene facilities. The Doctors Without Borders (MSF) group also said the camps were on the brink of a public health disaster.The camps face dire shortages of food and medicine in what has become one of the world’s largest refugee settlements.The overwhelmed camps around the border town of Cox’s Bazar already had 300,000 people who fled earlier violence in Myanmar’s Rakhine state.Mark Lowcock, a UN under secretary general for humanitarian affairs, said the world body would be seeking “something like $430 million to enable us to scale up the relief operation.””Conditions in the camps at the moment are terrible,” Lowcock told reporters in Cox’s Bazar.The UN has already given an extra $12 million from its emergency response fund.”What we want to do is to make sure that the tragedy of the Rohingya is not magnified and amplified by a human catastrophe and health catastrophe,” the UN official declared.last_img

Hasina prefers oneparty rule not inclusive polls BNP

first_imgMirza Fakhrul Islam AlamgirBNP on Monday voiced frustration over prime minister Sheikh Hasina’s comment on the 11th parliamentary polls, saying it has manifested the government’s intention of establishing one-party rule instead of ensuring an inclusive election.Talking to reporters after attending a programme at Supreme Court Bar Association (SCBA) auditorium, BNP secretary general Mirza Fakhrul Islam Alamgir said the nation has got disappointed with Sheikh Hasina’s press conference comments as she turned down people’s main demand of holding the next polls under a non-party administration.”The prime minister is pursuing a path of establishing a one-party rule. We didn’t find her intention of accepting people’s verdict. She also has no plan to take steps for creating a level-playing field and equal scope for all the parties to ensure a participatory election,” he said.The BNP leader alleged that the government has again started arresting BNP leaders and activists across the country to hold a lopsided election. “A fair election can’t be held if you (Awami League) carry out unilateral campaign by arresting opposition leaders and activists.”Fakhrul said people had an expectation that the prime minister at her Sunday’s press conference would come up with some positive comments on creating a democratic atmosphere for holding a credible election in the greater interest of people, but she has failed to do so.”The prime minister’s comments over people’s rights and the national election have frustrated the entire nation. Holding a fair election under an impartial government is now people’s main demand, but she has rejected it as she said everything will happen as per the constitution,” he observed.The BNP leader said the constitution is a manmade document, and it can be amended anytime in people’s interest. “You (govt) have repeatedly amended the constitution to protect your own interests.”On Sunday, prime minister Sheikh Hasina at a press conference said she will neither take any step for bringing BNP to the election nor obstruct it from joining the polls. “There’s no question of holding discussions with them (BNP), no matter who says what.”She also turned down BNP’s demand of holding the next polls under a non-party administration, saying Bangladesh will follow the system practised in India and Britain.The press conference was arranged to brief the media about the outcomes of her just-concluded visit to Nepal for attending the 4th BIMSTEC summit.Sought his comment on the prime minister’s refusal to hold any dialogue with BNP, Fakhrul said she did the same in 2012-13, but finally forced to invite Khaleda Zia for talks.He also said they will unite people and realise their all demands by foiling the government’s all ‘evil designs’. “People are our strength.”Earlier, speaking at Youth Forum’s Bangladesh Youth Parliament programme at the SCBA auditorium, Fakhrul urged the young generation to come up to take the country forward, and build a happy prosperous and democratic Bangladesh.He criticised the government for what he said repressing those students who waged movements seeking quota reform and safe roads.Fakhrul urged the youth to turn around braving all obstacles to take the country to the right track.last_img read more

Millennials Fuel Renewed Interest In Vinyl Records

first_imgRecord Store Day is an annual April event at independent music stores. But a second, slightly smaller version of the event happened on Black Friday. Over the weekend at Cactus Music here in Houston, there were live in-store music performances and lots of special limited releases — many by major artists.You’ll find Quinn Bishop behind the counter at Cactus. “Record Store Day, and the limited edition releases that come with it, has been kind of a game changer for us. And you build upon that with the Shop Small Saturday that comes directly after that. It really calls to people to spend locally, and that really helps us as well,” he said. Many artists release limited edition vinyl for Record Store Day — special ten-inch records or picture discs, often with out-of-print or unreleased material. “You’re always gonna see a piece from Bob Dylan, from the Beatles, from the Rolling Stones,” he said. “You’re seeing some of the more curated smaller labels that specialize in dead art, so to speak. You know, records that never even made it to the CD format.” That’s because many early CDs were only greatest hit collections or major releases. Sales of vinyl shrunk as CDs came along and then mp3 downloads. But Bishop says vinyl is making a resurgence. “And where vinyl was 15 percent of our business almost ten years ago, it’s now over, it’s almost 55 percent of our business now,” Bishop said.  It’s not a case of nostalgia or fascination with a retro technology. “You have these millennials. Well, their parents did not own records –their parents owned CDs or cassettes. So for them, they see vinyl and turntable culture as something that’s their own. I mean, they’ve claimed it as defining their generation,” he said.  Bishop sees a growing number of music fans with what he calls a “bookshelf mentality.” “They plow through everything out there that’s of interest to them,” he said. “And they kind of distill it into the things that, the music that defines them, and they buy that on LP and that’s what’s on the shelf. It doesn’t mean that they have every recorded work by somebody that they casually put on their phone. But they buy those albums.” And Bishop doesn’t expect to see the CD dying off anytime soon. He says despite the convenience of having music on your phone, downloaded music just doesn’t sound as good, and music fans are finding that listening to a CD in your car sounds better than streaming music. Listen 00:00 /02:35 Quinn Bishop from Cactus Music looks through the store’s collection of vinyl records – a format that’s enjoying a resurgence. Xcenter_img To embed this piece of audio in your site, please use this code: Sharelast_img read more

Microsoft gets busy on fix for IE watering hole attack

first_img More information: technet.microsoft.com/en-us/se … ity/advisory/2794220 CFR is described as a nonpartisan think tank focused on American foreign policy and international affairs. FireEye said the initial JavaScript hosting the exploit only served the exploit to browsers with an OS language as either U.S. English, Chinese (China), Chinese (Taiwan), Japanese, Korean, or Russian.Microsoft described the nature of the vulnerability as a “remote code execution vulnerability that exists in the way that Internet Explorer accesses an object in memory that has been deleted or has not been properly allocated. The vulnerability may corrupt memory in a way that could allow an attacker to execute arbitrary code in the context of the current user within Internet Explorer. An attacker could host a specially crafted website that is designed to exploit this vulnerability through Internet Explorer and then convince a user to view the website.”Outside Microsoft, security bloggers are referring to the attack on the CFR website as a “watering hole attack.” In this type of activity, the attackers identify specific targets and scout out which sites they frequently visit. Attackers then plant malware on them. As Kaspersky Lab’s Threatpost similarly explains, it is “where a website frequented by topically connected subjects is infected with malware hoping to snare those site visitors in drive-by attacks.”Symantec views the metaphor of a watering hole fitting, as “the attack is similar to a predator waiting at a watering hole in a desert. The predator knows that victims will eventually have to come to the watering hole, so rather than go hunting, he waits for his victims to come to him. Similarly, attackers find a Web site that caters to a particular audience, which includes the target the attackers are interested in. Having identified this website, the attackers hack into it using a variety of means. The attackers then inject an exploit onto public pages of the website that they hope will be visited by their ultimate target. Any visitor susceptible to the exploit is compromised and a back door Trojan is installed onto their computer.”Microsoft has responded with mitigations and workarounds. The company said the IE team is working on a security update but in the interim it recommended that IE8 customers block the current attacks by disabling Javascript, which will prevent the vulnerability from being triggered initially, and disabling Flash, which will prevent ActionScript-based heap spray from preparing memory such that the freed object contains exploit code. Microsoft said also that “disabling the ms-help protocol handler and ensuring that Java6 is not allowed to run will block the ASLR bypass and the associated ROP chain.” Microsoft is working on a Fix-It protection tool as well as security update. Users of IE9 and 10 are not susceptible to the attacks. “We want to reiterate the IE9 and IE10 are not affected and that we currently see only very targeted attacks,” Microsoft stated. Citation: Microsoft gets busy on fix for IE watering hole attack (2013, January 1) retrieved 18 August 2019 from https://phys.org/news/2013-01-microsoft-busy-hole.html Explore further © 2013 Phys.orgcenter_img (Phys.org)—Microsoft has published a security advisory about a vulnerability in Internet Explorer 6, 7, and 8. “We are only aware of a very small number of targeted attacks at this time,” a Microsoft team blog said. The company acknowledged the vulnerability in its Microsoft Security Advisory (2794220) published on Saturday. Reports about the problem pointed to affected users who had visited the Council of Foreign Relations (CFR) website. According to network security company FireEye, “we can also confirm that the CFR website was also hosting the malicious content as early as Friday, December 21.” Internet Explorer users are warned against Poison Ivy This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

New Service Aims to Simplify Ecommerce Payments

first_img Brick-and-mortar retailers wouldn’t dream of sending customers outside the confines of their stores to finalize a purchase. Yet online merchants do it all the time, ushering shoppers away from digital storefronts to third-party payment platforms like PayPal. It’s counterintuitive–and can lead to lost revenue.Roughly two-thirds of consumers abandon shopping carts before completing a web purchase, due mainly to the complexity and length of the checkout process. A new service, Ribbon, promises to eliminate this friction with a patent-pending, quick-and-simple system that enables merchants to take payments via links inserted into websites, e-mail, Facebook pages and Twitter feeds.”Why push buyers away from whatever platform they’re already on? Why don’t we keep them there?” asks Hany Rashwan, co-founder and CEO of the San Francisco-based company. “With Ribbon, the buyer never leaves.”Merchants log on to Ribbon and plug in product information, photos and videos; for each item, the service generates a short URL, which sellers can copy and paste anywhere they wish to offer merchandise. Each URL links to a one-page checkout option customized for that platform. For example, if a customer clicks on a product from a seller’s Facebook page, the purchase is completed entirely within the News Feed, for a consistent, user-friendly customer experience.Ribbon works with all major credit cards and processes purchases over a fully encrypted, SSL-secure payments system. All payments are deposited directly into the seller’s bank or PayPal account. Ribbon takes 5 percent of the purchase price and a 30-cent transaction fee–high in the online payments game, but worth it for the convenience, the company claims.Ribbon has thousands of vendors; roughly half market digital products like music. San Francisco rock trio Cloning Dolly turned to Ribbon to sell tickets to a recent concert and plans to offer T-shirts and song downloads in the future. “We posted the Ribbon link directly into our Facebook News Feed,” says singer/guitarist Alejandro De Simone. “People told us buying tickets was easy and fast. The way it’s presented is very intuitive.” May 16, 2013 Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box. This story appears in the April 2013 issue of . Subscribe » 2 min read Register Now »last_img read more