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Visa Business News - Contactless Requirements for LAC Region effective October 13, 2018

Effective October 13, 2018, Visa introduces new contactless issuance and acceptance requirements for the Latine-American and Caribbean Region. Ms. Maribel Corrales, Senior Risk Manager, Risk Services for the Latin America and the Caribean for VISA advised of the new development at the 2018 Anti-Fraud Seminar: Fighting Fraud - Protecting the Economy, held at Terra Nova Hotel on July 24, 2018. Contactless payments will offer several benefits to both cardholders and merchants such as provide faster transactions at the point of sale, which could increase sales, as well as lower operating costs because of reduced cash handling.

JIFS Finance Club - Experience the Evolution - July 12, 2018

'People rarely succeed unless they have fun in what they are doing', Dale Carnegie July 12th, 2018 the Finance Club under the theme 'Experience the Evolution', was sponsored by Lexmark International, Temenos, ATL - Audi and Appliance Traders Limited, and was hosted at the ATL Audi Showroom. Patrons enjoyed entertainment from Tivoli Dance Troupe who took patrons through the various changes in Jamaican music, from Mento through to SKa and straight into Dancehall. Our patrons were taught the moves, while they dined on an exquisite food and drink menu. Interactive games got the crew moving as they all participated in the night's activities. Check out a few of the moments captured by following the link!

Jamaica Bankers Association has a new President

The Jamaica Banker's Association elected a new President at its 2018 Annual General Meeting held July 19, 2018. David Noel, CEO and President of Scotia Group Limited, now takes over the lead from Nigel Holness. Conveying his appreciation for the election, he noted that the ".... mission (is) to maintain a stable, secure, competitive and profitable financial industry remains unchanged. We will continue to achieve this through advocacy, education and collaboration with all stakeholders to include the Government of Jamaica, the regulators, private sector partners, international agencies and the general banking public,” .

50% Scholarship Awardee - Christina Grant

JIFS is delighted to announce the award of a 50% Chartered Banker MBA Full Programme Scholarship to Christina Grant of CIBCFirstCaribbean International Bank as it seeks to ensure that employees of the financial services sector are globally prepared. JIFS is proud to be able to facilitate such an award within the banking and financial services sector in Jamaica which recognises the years of collaboration with international Partner Bangor University Business School, who provides this highly innovative Banking and Finance MBA.

JIFS Salary Survey

The Jamaica Institute of Financial Services (JIFS), as a part of its new mandate, conducted its second Compensation and Employee Benefits and Directors’ Fee surveys for 2015. These surveys are now available for purchase at a cost of $65,000+ GCT. for further info please contact us.