Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

According to <a href="https://www.statista.com/statistics/251666/number-of-digital-buyers-worldwide/">Statista</a>, 2.14 billion people across the world bought goods and services online in the year 2021. Compared to the 1.66 billion online buyers in 2016, this number shows a rising trend in online spending. <br /><br />The growth of <keyword id="35621" type="General" weightage="20" keywordseo="e-commerce" source="Orion">e-commerce</keyword>, a greater number of payment channels, widespread use of smartphones, and accessibility to high-speed internet are a few reasons for the rising number of digital buyers. <br /><br />For digital businesses, data is one of, if not the most, valuable resources. <br /><br />Enter <keyword id="13644133" type="General" weightage="20" keywordseo="payment-analytics" source="Orion">payment analytics</keyword>! <br /><br />It is a feature that comes in handy for merchants looking to make better business decisions by leveraging a pool of transactional data. The process collects and analyses data to provide insights into customer spending behaviour, payment trends, fraud, and much more. By tracking data from multiple channels, the process ultimately helps to understand customer payment trends, and identify gaps in order to bridge them for growing the business. But analysing data is not enough. <br /><br />Payment analytics must factor in the following parameters to derive meaningful insights:<br /><br /><strong>1. Different payment sources:</strong> Understanding which is the most and least used payment source for your customers can help devise sales strategies. Monitoring this data in real-time will provide insights into customer behaviour, and can help take immediate action in case any unusual spending patterns are observed. <br /> <br /><strong>2. Reasons for payment failure:</strong> By analysing the various reasons for payment failure, businesses can set themselves up for success. Troubleshooting problems before they arise ensures that customers get a streamlined, hassle-free payment experience. The analytics may also provide recommendations on how to tackle the top reasons for failure, thereby, making customer retention much easier.<br /><br /><br /><br /><strong>3. New/repeat and churn customers:</strong> A reliable analytics process provides information about the number of new, repeat and churn customers in a given duration. While a high number of engaged, repeat customers provides motivation, a high number of churn customers may advise for better marketing efforts or even a complete strategy overhaul.<br /><br /><strong>4. Benchmarking your performance:</strong> By providing data on the historical trend of success rates vis-à-vis the number of transactions and the transaction amounts, merchants will be able to track their performance and compare it with that of the industry. Thus, whether to make changes or continue with the existing strategy becomes a quick and easy decision.<br /><br /><strong>5. Success rates:</strong> Payment analytics provides data on the performance at both the channel (app vs website) as well as platform (Android vs iOS) levels. This helps target the improvement areas to have higher conversion rates and increased customer engagement. By understanding which app version and device type are performing the best, organizations can ascertain their ROI from different channels, and make better decisions.<br /><br /><strong>6. User retention:</strong> Having quantifiable data on customer retention for the selected period will specifically help the growth and marketing teams. The insights will tell the impact of the marketing initiatives and the areas of improvement.  <br /><br /><strong>7. Customer drop analysis:</strong> An <keyword id="3728515" type="General" weightage="80" keywordseo="rfm" source="Orion">RFM</keyword> (recency, frequency, monetary) analysis gives a clear representation of the number and percentage of customers the business is at risk of losing, customers it has already lost, loyal customers, etc. Merchants can also track which checkout option is the most used by their customers, and accordingly make business decisions.<br /><br />Customization, ease of payment, security, integration, a seamless payment experience, and good customer support are generally hallmarks of a good payment gateway option.<br /><br />However, payment analytics is an important element missing in most payment gateways. <keyword id="6357120" type="General" weightage="20" keywordseo="Paytm" source="Orion">Paytm</keyword> has integrated all the aforementioned parameters into its payment gateway to aid businesses in significantly upgrading their payment ecosystem. <br /><br />By utilizing both historical and real-time data, payment analytics optimizes the payment journey, and provides precious data to merchants. Hence, it’s time merchants integrate and adopt payment analytics into their operations. <br /><br />For more information on payment analytics, visit their <a href="https://business.paytm.com/payment-analytics?redirectUrl=instant-onboard&amp;utm_source=business_insider&amp;utm_medium=Publisher&amp;utm_campaign=unlock_growth">website. </a><br /><br /><strong>(This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in )</strong><br />

Must Read: Here's how payment analytics can unlock growth for your business

<p><strong><div class="KonaFilter image-container display-table"><div><div class="image on-image"></div><p></p></div></div></strong></p><ul><li><strong>Kansas City Chiefs cornerback Marcus Peters threw a referee's penalty flag into the stands after a call.</strong></li><li><strong>Peters then left the game, thinking he had been ejected.</strong></li><li><strong>Moments later, Peters returned after being told he had not been ejected for the play.</strong></li></ul><p><br>Some confusion over a penalty led to Kansas City Chiefs cornerback leaving a game against the New York Jets, then returning moments later.</br></p><p>In the fourth quarter, the Chiefs were called for holding in the end zone on a Jets two-point attempt. Peters, out of frustration, grabbed the referee's penalty flag and threw it into the stands.</p><p>Thinking he had been ejected, Peters then walked off the field and walked into the locker room tunnel amid some confusion on the field.</p><p><a href="https://twitter.com/StaceyDales/status/937433330886299648">According to Stacey Dales of NFL Network</a>, a Chiefs staff member ran into the locker room to tell Peters he had not been ejected. Peters then returned to the field, wearing no socks, perhaps a sign that he truly thought his day was over.</p><p>Chiefs coach Andy Reid confirmed after the game that Peters thought he had been ejected.</p><p>The Chiefs lost to the Jets, 38-31, their sixth loss in seven games.</p><div></div><div></div>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/pro-golfer-intense-standoff-tiger-woods-us-open-2017-7">What it's like to go into sudden death with Tiger Woods</a></h3>        <div>                    </div>    </div></hr>

Chiefs cornerback throws referee's flag into stands, leaves game, then returns moments  later without socks in bizarre sequence

<p></p><div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li>A journalist criticized <a href="https://www.businessinsider.com/category/nike">Nike</a> for debuting a plus-size mannequin, arguing that the "immense, gargantuan" model promoted obesity.</li><li>People are defending Nike and slamming the journalist, Tanya Gold, as they push back on her claims that it is impossible for plus-size women to be healthy.&#xa0;</li><li>Others noted that it is illogical for Gold to argue that Nike shouldn't advertise sportswear for plus-size women while also demanding they lose weight.&#xa0;</li><li>Research indicates encouraging weight-related stigma - such as banning plus-size mannequins - actually makes it more difficult for people to lose weight.</li></ul><p>Nike's plus-sized mannequins have sparked outrage over the treatment of plus-size women.&#xa0;</p><p>The sportswear company recently began featuring plus-size mannequins in its London flagship store. It was a move that was mostly greeted with applause, as people celebrated the choice as empowering and <a href="https://www.instagram.com/p/ByXOu92l2AP/">a step in the right direction.</a></p><p>&#xa0;</p><p>However, Tanya Gold, a journalist at The Telegraph, had less positive thoughts on the plus-size mannequin.&#xa0;</p><p>"I fear that the war on obesity is lost, or has even, as is fashionable, ceased to exist, for fear of upsetting people into an early grave," Gold begins her piece, <a href="https://www.telegraph.co.uk/women/life/obese-mannequins-selling-women-dangerous-lie/">which was published on Sunday.</a></p><p>"[T]he new Nike mannequin is not size 12, which is healthy, or even 16 - a hefty weight, yes, but not one to kill a woman. She is immense, gargantuan, vast. She heaves with fat," Gold writes.&#xa0;</p><p>Gold argues that while traditional images of female beauty are unrealistically skewed, the mannequin encourages fat acceptance - a movement that she believes to be dangerous, as she claims it encourages people to deny possible health risks related to obesity.&#xa0;</p><p>"The facts are obvious," Gold writes. "Stay that weight and you will be an old woman in your 50s. The obese Nike athlete is just another lie."</p><p>Gold's piece has seen extensive backlash online.&#xa0;Many pushed back on her allegation that plus-size women "cannot run" and are intrinsically unhealthy.&#xa0;</p><p>&#xa0;</p><p>Some noted that it was illogical for Gold to call for people to lose weight while also criticizing a sportswear brand for advertising to plus-size people - presumably so they could work out in the outfit. (Nike did not respond to Business Insider's request for comment.)&#xa0;</p><p>Others pushed back on Gold's logic that plus-sized mannequins promoted an unhealthy lifestyle. Health and wellness writer Maxine Ali pointed out that a 2017 study in the Journal of Eating Disorders found that <a href="https://jeatdisord.biomedcentral.com/articles/10.1186/s40337-017-0142-6">more than 90% of female mannequins</a> represented medically unhealthy, underweight bodies.&#xa0;</p><p>While weight gain and obesity have been <a href="https://www.health.harvard.edu/staying-healthy/can-you-be-overweight-and-still-be-fit">linked to certain health risks,</a> experts caution against using weight as the <a href="https://www.businessinsider.com/body-size-isnt-a-good-way-to-measure-health-2018-9">sole way to evaluate health.</a></p><p>Further, encouraging weight related stigma - such as by banning plus-size mannequins - has been found to actually make it more difficult for people to lose weight, <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5981930/">according to a 2018 study of university students.</a> Another <a href="https://www.sciencedirect.com/science/article/pii/S0022103113002047">2014 study</a> found that articles that stigmatized weight and obesity lead to women who view themselves as overweight to consume more calories.&#xa0;</p><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div>

People are defending Nike after a journalist slammed the sportswear brand for an 'immense, gargantuan' plus-sized mannequin

Large deposits in bank accounts due to demonetization is expected to soften bond yields and also lower rate of interest in the economy as banks will be forced to use the extra cash to buy more government papers and rush to lend money to the customers, or do both. With people unable to spend due to tight liquidity, this could also lead to slower growth, which would leave enough space for the RBI to cut rates, economists and bond dealers said. (Source – Economic Times)<br />
<br />
The lower and stable bond yields bring stability in the economy; however consistently reducing bond yields has an adverse impact on the financials of the companies especially where the employee benefits liabilities are concerned.<br />
<br />
We can see from both the Graph as well as the table below, that Post Demonetization, the zero coupons Government bond yields as on 22nd November has dropped significantly. The zero coupons Govt Bond yields have fallen by 28 bps to 73 bps since September 2016 and by 79 bps to 149 bps since March 2016 over different tenures. Specifically Yields on a 10 year zero coupon bonds has fallen by 55 bps since 30th September 2016 and by 115 bps since 31st March 2016.<br />
<br />
<br />
<br />
Fall in the Bond Yields has a direct impact on the balance sheet and the P&amp;L of the organizations, as In India, the defined benefit obligations are determined with reference to the market yields at the balance sheet date on government bonds of appropriate tenure according to the Para 78 of the AS 15 (Revised 2005) and Para 83 of the Indian Accounting Standard (Ind AS) 19. Also, the currency and term of the government bonds need to be consistent with the currency and estimated term of the post-employment benefit obligations.”<br />
<br />
<br />
<br />
While the total Employee benefit obligation depends on many factors, the impact of reduction by 50 bps in the discount rate is anywhere in between 0.83% to 8.28% depending on the Future working life time/Duration of the liabilities on which the Discount rate depends Assuming an Average future working life time of 10 years, in the post demonetization scenario, the impact of the decrease in bond rates may result in the liabilities to increase approximately by 5% since September 2016 and by 12% since March 2016 which for organizations with large liabilities is quite a big impact to the financials.<br />
<br />
<br />
<br />
<strong>What Demonetization means for funded employee benefit schemes</strong><br /> Assets under funded post-employment benefit schemes are primarily invested in debt securities, the reduction in govt. bond yields will lead to reduced future earnings and hence more contributions may be required to match both the current and future liability. Though the self-managed investments may enjoy higher market/fair value of assets invested in the past at higher interest rates, the future contributions and reinvestments would be invested on lower yielding bonds. The trusts who have invested through the <keyword id="6406875" type="COMPANY" weightage="100" keywordseo="life-insurance">Life Insurance</keyword> companies may see negotiated returns in future, if yields on govt. bonds remain at this level and/or there is further reduction.<br />
<br />
<strong>Demonetization and Exempt Provident Funds</strong><br /> India’s labour ministry passed a new regulation on November 11 allowing for inactive employee <keyword id="45028" type="ORGANIZATION" weightage="100" keywordseo="Provident-Fund">provident fund</keyword> (EPF) accounts to accrue interest. As per the notification, EPF accounts that are inactive for 36 months or more will no longer be considered ‘inoperative’ and will continue to earn interest. As such, the EPF account will continue to have an active status irrespective of the employee’s termination, unless the employee withdraws the cash from the account or gets another job within two months with another employer. Moreover, the new regulation will allow for the transfer of an existing EPF account to one under the new employer. The interest payable is notified annually, and for 2015-2016, it was set at 8.8 percent..<br />
<br />
From the current EPF interest rate of 8.8% , it is unlikely that the Government would reduce the next year rate that steep to match the current bond yields. Given this scenario the exempt PF funds will have to meet any shortfall in the funds that may arise in future to meet the obligations .<br />
<br />
Companies that have their own exempt fund have two future risks-<br />
<br />
• Investing the new contributions in Bonds yielding the promised guaranteed interest.<br />
<br />
• Reinvesting the monies from the matured bonds in Bonds yielding the promised guaranteed interest<br />
<br />
For now the market/fair value of assets is on the higher side as the companies have invested in the past in bonds with high yields , however this advantage will be lost if the situation continues which appears to be a certainty for now.<br />
<br />
May be it is time for companies with exempt provident fund trusts to re-look at their PF strategy.<br />
<br />
<em>The above article does not provide any legal/statutory advice and should only be used for general reference only.<br />
<br />
(Image Credits: Economic Times)</em><br />
<br />
<em>(<strong>About the Author:</strong> The author of this note is Chitra Jayasimha, Actuary and Practice Leader, RFM at Aon Hewitt Consulting, India.)</em><br />
<br />

You Searched For "rfm" and got 4 results

Must Read: Here's how payment analytics can unlock growth for your business

Insider Studios

Chiefs cornerback throws referee's flag into stands, leaves game, then returns moments later without socks in bizarre sequence

Scott Davis

People are defending Nike after a journalist slammed the sportswear brand for an 'immense, gargantuan' plus-sized mannequin

Kate Taylor

Impact of Demonetization on Employee Benefit liabilities & Exempt Provident Fund Trusts

Aon Hewitt

Popular Keywords

Buying Guides