eports

Grubby, Apollo and iNcontroL to cast WCS Nordic Nationals!

Grubby, Apollo and iNcontroL will be casting the WCS Nordic Nationals on July 28th. 

I am so excited, I love these guys and the dynamic should be great. Grubby is just too cute. 

Looking forward to amazing SC2 action!!


more info here

System

3 linggo na lang ata defense na. bago daw magexam eh. oo. wala pa kaming system. Major design meron na pero ung laman? wala pa. ung database wala pa. dahil sa tamad na tamad ako ngayong semester. T.T

after talaga ng pupuntahan ko mamaya. i’ll go study na ung database. dahil kapag di ako kumilos baka maulit na naman na bagsak na naman ako sa visual basic. dot net nga lang ngayon at hindi ko hahayaan un! think positive. at eports please. :D

Nach unserer laaaaaangen Fahrradtour konnten wir es gar nicht mehr erwarten wieder an Bord zu kommen. Der Vorteil einer Ankerbucht wie hier in Loch Eport: Es ist unmöglich die Räder an Land zu bekommen.

Aber dafür gibt es eine Klassiker im Abendlicht. Einfach nur nett.

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For more video game moments, click here! And if you have a gaming moment, submit it here! If the source is incorrect, email ThoseVideoGameMoments@gmail.com and it will be corrected ASAP.

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New Post has been published on Cryptonewz.com

New Post has been published on http://cryptonewz.com/bitcoin-friendly-payment-processor-stripe-raises-new-funding-partners-with-visa-and-american-express/

Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express

image

Payment processor Stripe has raised new funding from Visa, American Express, Sequoia Capital and other investors, valuing the company at $5 billion, The New York Times reports. The new funding comes six months after a previous funding round of $70 million, at a $3.5 billion valuation. Stripe didn’t disclose the amount of new funding, and said only that it was “less than $100 million.”

American Express and Sequoia Capital were existing investors in Stripe, but Visa and venture-capital firm Kleiner Perkins Caufield & Byers are new investors, The Wall Street Journal reports.

The most interesting aspect of the deal is the acquisition of Visa, one of the world’s largest credit card companies, as an investor and a partner. Stripe and Visa announced a partnership to improve digital transactions, and expect to collaborate on initiatives such as payments security, as well as software like website “buy buttons.” Stripe, currently available in 25 countries, hopes to take advantage of Visa’s global reach to expand its international presence.

“As Stripe thinks about the best ways to move the overall payments ecosystem forward, the biggest determinants on the financial side are the credit card networks,” Patrick Collison, co-founder and chief executive of Stripe, told The Times. “We hope to continue working closely with them.”

“Stripe is not competing with the card networks,” added Michael Moritz, a partner at Sequoia Capital and Stripe board member. “The fact that Visa has chosen to invest in Stripe, not in PayPal, is of absolutely huge significance.”

In fact, PayPal, which recently separated from its former parent company eBay and is now an independent company, is positioning itself as a competitor and an alternative to credit card networks. Stripe, on the contrary, collaborates with the major credit card networks and positions itself as a complementary service.

Stripe launched in September 2011 to challenge legacy payment processors and now processes billions of dollars a year for thousands of businesses, from newly-launched start-ups to Fortune 500 companies. The company focuses on mobile payments, one of the fastest growing segments of the payments sector. Forrester Research estimates that Americans will spend $90 billion through mobile devices in 2017. Stripe takes 2.9 percent of most transactions processed via its platform, plus a flat commission of 30 cents per charge.

Stripe is known as a bitcoin-friendly company. The company, which first started testing bitcoin in March 2014 with an open beta program, launched operational support for bitcoin in February.

“We want to enable merchants to add new payment instruments as easily as possible, and are really happy we’ve been able to provide Bitcoin support to Stripe Checkout users with just one extra line of code,” said Collison.

American Express and Visa haven’t been overly bitcoin-friendly so far – and MasterCard has been openly and bluntly opposed to Bitcoin – because the three credit card networks understand very well that bitcoin could start eating their lunch someday soon. However, it appears that all three companies are exploring uses of bitcoin and the blockchain. Funding and collaborating with Stripe could be a way for American Express and Visa to gradually integrate selected aspects of bitcoin and blockchain-based fintech into their own operations.

Photo TechCrunch / Flickr

bitcoinmagazine.com
#BTC: Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express

Payment processor Stripe has raised new funding from Visa, American Express, Sequoia Capital and other investors, valuing the company at $5 billion, The New York Times reports. The new funding comes six months after a previous funding round of $70 million, at a $3.5 billion valuation. Stripe didn’t disclose the amount of new funding, and said only that it was “less than $100 million.”

American Express and Sequoia Capital were existing investors in Stripe, but Visa and venture-capital firm Kleiner Perkins Caufield & Byers are new investors, The Wall Street Journal reports.

The most interesting aspect of the deal is the acquisition of Visa, one of the world’s largest credit card companies, as an investor and a partner. Stripe and Visa announced a partnership to improve digital transactions, and expect to collaborate on initiatives such as payments security, as well as software like website “buy buttons.” Stripe, currently available in 25 countries, hopes to take advantage of Visa’s global reach to expand its international presence.

“As Stripe thinks about the best ways to move the overall payments ecosystem forward, the biggest determinants on the financial side are the credit card networks,” Patrick Collison, co-founder and chief executive of Stripe, told The Times. “We hope to continue working closely with them.”

“Stripe is not competing with the card networks,” added Michael Moritz, a partner at Sequoia Capital and Stripe board member. “The fact that Visa has chosen to invest in Stripe, not in PayPal, is of absolutely huge significance.”

In fact, PayPal, which recently separated from its former parent company eBay and is now an independent company, is positioning itself as a competitor and an alternative to credit card networks. Stripe, on the contrary, collaborates with the major credit card networks and positions itself as a complementary service.

Stripe launched in September 2011 to challenge legacy payment processors and now processes billions of dollars a year for thousands of businesses, from newly-launched start-ups to Fortune 500 companies. The company focuses on mobile payments, one of the fastest growing segments of the payments sector. Forrester Research estimates that Americans will spend $90 billion through mobile devices in 2017. Stripe takes 2.9 percent of most transactions processed via its platform, plus a flat commission of 30 cents per charge.

Stripe is known as a bitcoin-friendly company. The company, which first started testing bitcoin in March 2014 with an open beta program, launched operational support for bitcoin in February.

“We want to enable merchants to add new payment instruments as easily as possible, and are really happy we’ve been able to provide Bitcoin support to Stripe Checkout users with just one extra line of code,” said Collison.

American Express and Visa haven’t been overly bitcoin-friendly so far – and MasterCard has been openly and bluntly opposed to Bitcoin – because the three credit card networks understand very well that bitcoin could start eating their lunch someday soon. However, it appears that all three companies are exploring uses of bitcoin and the blockchain. Funding and collaborating with Stripe could be a way for American Express and Visa to gradually integrate selected aspects of bitcoin and blockchain-based fintech into their own operations.

Photo TechCrunch / Flickr

The post Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express appeared first on Bitcoin Magazine.

(source: http://bitcoinmagazine.com)
Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express

Payment processor Stripe has raised new funding from Visa, American Express, Sequoia Capital and other investors, valuing the company at $5 billion, The New York Times reports. The new funding comes six months after a previous funding round of $70 million, at a $3.5 billion valuation. Stripe didn’t disclose the amount of new funding, and said only that it was “less than $100 million.”

American Express and Sequoia Capital were existing investors in Stripe, but Visa and venture-capital firm Kleiner Perkins Caufield & Byers are new investors, The Wall Street Journal reports.

The most interesting aspect of the deal is the acquisition of Visa, one of the world’s largest credit card companies, as an investor and a partner. Stripe and Visa announced a partnership to improve digital transactions, and expect to collaborate on initiatives such as payments security, as well as software like website “buy buttons.” Stripe, currently available in 25 countries, hopes to take advantage of Visa’s global reach to expand its international presence.

“As Stripe thinks about the best ways to move the overall payments ecosystem forward, the biggest determinants on the financial side are the credit card networks,” Patrick Collison, co-founder and chief executive of Stripe, told The Times. “We hope to continue working closely with them.”

“Stripe is not competing with the card networks,” added Michael Moritz, a partner at Sequoia Capital and Stripe board member. “The fact that Visa has chosen to invest in Stripe, not in PayPal, is of absolutely huge significance.”

In fact, PayPal, which recently separated from its former parent company eBay and is now an independent company, is positioning itself as a competitor and an alternative to credit card networks. Stripe, on the contrary, collaborates with the major credit card networks and positions itself as a complementary service.

Stripe launched in September 2011 to challenge legacy payment processors and now processes billions of dollars a year for thousands of businesses, from newly-launched start-ups to Fortune 500 companies. The company focuses on mobile payments, one of the fastest growing segments of the payments sector. Forrester Research estimates that Americans will spend $90 billion through mobile devices in 2017. Stripe takes 2.9 percent of most transactions processed via its platform, plus a flat commission of 30 cents per charge.

Stripe is known as a bitcoin-friendly company. The company, which first started testing bitcoin in March 2014 with an open beta program, launched operational support for bitcoin in February.

“We want to enable merchants to add new payment instruments as easily as possible, and are really happy we’ve been able to provide Bitcoin support to Stripe Checkout users with just one extra line of code,” said Collison.

American Express and Visa haven’t been overly bitcoin-friendly so far – and MasterCard has been openly and bluntly opposed to Bitcoin – because the three credit card networks understand very well that bitcoin could start eating their lunch someday soon. However, it appears that all three companies are exploring uses of bitcoin and the blockchain. Funding and collaborating with Stripe could be a way for American Express and Visa to gradually integrate selected aspects of bitcoin and blockchain-based fintech into their own operations.

Photo TechCrunch / Flickr

The post Bitcoin-Friendly Payment Processor Stripe Raises New Funding, Partners with Visa and American Express appeared first on Bitcoin Magazine.



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Citizens Financial Services Inc. Reports Second Quarter 2015 Earnings

Citizens Financial Services Inc. Reports Second Quarter 2015 Earnings

C ONTACT : K ATHLEEN C AMPBELL , M ARKETING D IRECTOR F IRST C ITIZENS C OMMUNITY B ANK
570-662-0422 15 S. M AIN S TREET
570-662-8512 ( FAX ) M ANSFIELD , PA 16933

C ITIZENS F INANCIAL S ERVICES , I NC . R EPORTS SECOND QUARTER 2015 E ARNINGS

MANSFIELD, PENNSYLVANIA- July 27, 2015 - Citizens Financial Services, Inc. (OTC BB:
CZFS), parent company of First Citizens Community Bank, has released its unaudited financial performance
for the three and six months ended June 30, 2015.
For the three months ended June 30, 2015 net income totaled $3,189,000 which compares to net income of
$3,365,000 for the second quarter of 2014, which is a decrease of $176,000, or 5.2%. Earnings per share of
$1.06 for the second quarter compares to $1.11 for the second quarter last year. Annualized return on equity for the comparable periods was 12.45% and 13.88%, while return on assets was 1.36% and 1.49%, respectively.
For the six months ended June 30, 2015, net income totaled $6,309,000 which compares to net income of
$6,541,000 for the comparable 2014 period. This represents a decrease of $232,000, or 3.5%. Earnings per
share of $2.09 for the first six months of 2015 compares to $2.15 last year. Annualized return on equity for the comparable periods was 12.41% and 13.63%, while return on assets was 1.36% and 1.45%, respectively.
Net interest income before the provision for loan loss has decreased from $15,162,000 for the six months ended June 30, 2014, to $15,148,000 for 2015. For the six months ended June 30, 2015, interest income
decreased $131,000, which has been offset by a decrease in interest expense of $117,000. The margin has decreased from 3.89% last year to 3.81% for 2015. CEO and President Randall E. Black stated, “Despite
the ongoing yield curve challenges that we and other banks are forced to deal with, our financial results remain strong and compare favorably to peers. The challenging yield curve has resulted in continued
pressure on the tax-effected yield on interest earning assets, which has decreased from 4.48% for the six months ended June 30, 2014 to 4.36% this year. The cost of interest bearing liabilities has also declined,
from .71% last year to .67% in 2015. We have been able to mitigate the declining margin with positive growth in interest earning assets, particularly average loans, which have increased by $25.9 million compared
to June 30, 2014”. The provision for loan losses decreased $90,000 for the comparable periods.
At June 30, 2015, total assets were $942.5 million, up from total assets of $914.2 million as of June 30, 2014 and up $17.5 million from total assets of $925.0 million at December 31, 2014. Compared to December 31,
2014, available for sale investments have decreased $1.3 million, mostly due to unattractive yields in the market. However, net loans have increased $17.4 million, or 3.2%, compared to the end of last year.
Contributing to this growth is the continued success in growing loans and deposits in the new branch in the
Mill Hall / Lock Haven market. Asset quality remains strong, and continues to improve, with non-
performing assets to total loans at 1.61% as of June 30, 2015 compared to 1.67% at year end and 1.70% last
June. Annualized net charge-offs as a percent of average loans is very low at .03%.
Stockholders’ equity totaled $103.2 million at June 30, 2015, which compares to $100.5 million at December
31, 2014 and $98.2 million at June 30, 2014. For 2015, net income of $6.3 million was offset by cash dividends of $2.4 million and treasury share purchases of $1.0 million. Additionally, the unrealized gain on
available for sale investment securities decreased $.5 million from the end of 2014 as a result of changes in interest rates impacting the fair value of investment securities. A cash dividend of $.405 per share was paid
on June 26, 2015 to shareholders of record on June 19, 2015. This quarterly cash dividend is an increase of
5.2% over the dividend declared a year ago, adjusted for stock dividends. “Capital levels are very strong and
our continued strong financial performance has permitted us to continue paying an attractive cash dividend and reflects the Board of Directors’ desire to provide total shareholder return to our shareholder base. Our
strong capital position has also enabled us to seek growth opportunities, including our recently announced signing of a definitive merger agreement to acquire The First National Bank of Fredericksburg. We are
excited about the tremendous opportunity to grow our franchise and expand into the Lebanon Valley
Region of Pennsylvania, added Mr. Black”.
Citizens Financial Services, Inc. has over 1,500 shareholders, the majority of whom reside in Potter, Tioga, and Bradford Counties, Pennsylvania and Allegany County, New York, where their 18 offices are located.

Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of

1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

CITIZENS FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEET (UNAUDITED)

June 30 December 31 June 30

(in thousands except share data) 2015 2014 2014

ASSETS:

Cash and due from banks:

Noninterest-bearing

$ 9,910 $

10,091 $

14,742

Interest-bearing 1,002 1,332 998

Total cash and cash equivalents 10,912 11,423 15,740

Interest bearing time deposits with other banks 5,960 5,960 2,480

Available-for-sale securities 304,792 306,146 312,322

Loans held for sale 1,152 497 545

Loans (net of allowance for loan losses: $6,959 at June 30, 2015;

$6,815 at December 31, 2014 and $6,751 at June 30, 2014) 564,692 547,290 533,126

Premises and equipment 12,582 12,357 11,501

Accrued interest receivable 3,584 3,644 3,557

Goodwill 10,256 10,256 10,256

Bank owned life insurance 20,615 20,309 14,921

Other assets 7,934 7,166 9,721

TOTAL ASSETS

$ 942,479 $

925,048 $

914,169

LIABILITIES:

Deposits:

Noninterest-bearing

$ 100,469 $

95,526 $

94,434

Interest-bearing 691,418 678,407 671,022

Total deposits 791,887 773,933 765,456

Borrowed funds 39,194 41,799 43,075

Accrued interest payable 674 756 735

Other liabilities 7,499 8,032 6,664

TOTAL LIABILITIES 839,254 824,520 815,930

STOCKHOLDERS’ EQUITY:

Preferred Stock $1.00 par value; authorized

3,000,000 shares; none issued in 2015 or 2014

Common stock

$1.00 par value; authorized 15,000,000 shares at June 30, 2015, December 31, 2014 and

June 30, 2014; issued 3,335,236 shares at June 30, 2015, December 31, 2014 and

June 30, 2014 3,335 3,335 3,335

Additional paid-in capital 25,124 25,150 25,142

Retained earnings 83,371 79,512 76,925

Accumulated other comprehensive income (loss) 171 767 1,100

Treasury stock, at cost: 306,560 shares at June 30, 2015; 296,280 shares at

December 31, 2014 and 296,758 shares at June 30, 2014 (8,776) (8,236) (8,263)

TOTAL STOCKHOLDERS’ EQUITY 103,225 100,528 98,239

TOTAL LIABILITIES AND

STOCKHOLDERS’ EQUITY

$ 942,479 $

925,048 $

914,169

CITIZENS FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

Three Months Ended Six Months Ended

June 30,

June 30,


(in thousands, except per share data) 2015 2014 2015 2014 INTEREST INCOME:

Interest and fees on loans

$ 7,129 $

7,118

$ 14,168 $

14,106

Interest-bearing deposits with banks 39 13 70 26

Investment securities:

Taxable 765 849 1,519 1,737

Nontaxable 801 840 1,649 1,682

Dividends 34 69 133 119

TOTAL INTEREST INCOME 8,768 8,889 17,539 17,670 INTEREST EXPENSE:

Deposits 1,035 1,094 2,044 2,199

Borrowed funds 172 145 347 309

TOTAL INTEREST EXPENSE 1,207 1,239 2,391 2,508 NET INTEREST INCOME 7,561 7,650 15,148 15,162

Provision for loan losses 120 150 240 330

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 7,441 7,500 14,908 14,832 NON-INTEREST INCOME:

Service charges 1,028 1,102 2,004 2,141

Trust 180 186 374 377

Brokerage and insurance 255 137 382 257

Gains on loans sold 60 30 98 70

Investment securities gains, net 175 75 301 246

Earnings on bank owned life insurance 154 121 306 242

Other 103 104 218 209

TOTAL NON-INTEREST INCOME 1,955 1,755 3,683 3,542 NON-INTEREST EXPENSES:

Salaries and employee benefits 2,993 2,893 6,049 5,810

Occupancy 348 304 717 654

Furniture and equipment 87 94 215 194

Professional fees 180 208 412 442

FDIC insurance 116 116 232 229

Pennsylvania shares tax 200 191 401 384

Other 1,504 1,194 2,737 2,378

TOTAL NON-INTEREST EXPENSES 5,428 5,000 10,763 10,091

Income before provision for income taxes 3,968 4,255 7,828 8,283

Provision for income taxes 779 890 1,519 1,742

NET INCOME $ 3,189 $

3,365 $

6,309 $

6,541

PER COMMON SHARE DATA: Net Income - Basic Net Income - Diluted Cash Dividends Paid $ 1.06 $ $ 1.06 $ $ 0.405 $

1.11 $

1.11 $

0.385 $

2.09 $ 2.09 $ 0.810 $

2.15

2.15

0.770

Number of shares used in computation - basic 3,019,661 3,039,734 3,022,945 3,040,822

Number of shares used in computation - diluted 3,020,725 3,040,661 3,023,479 3,041,227

Financial Highlights

Three Months Ended

June 30

Six Months Ended

June 30

Performance Ratios and Share Data: 2015 2014 2015 2014

Balance Sheet Highlights (dollars in thousands): June 30, 2015 December 31, 2014 June 30, 2014

Assets

Investment securities:

$ 942,479 $

925,048 $

914,169

Available for sale 304,792 306,146 312,322

Samsung Galaxy Note 5, S6 Edge Plus teased for August 13 Unpacked event

Samsung has just sent out invites to its annual Unpacked event, announcing it will be held on August 13 in New York.

The Galaxy Note 5 is expected to make an appearance, as Samsung has usually held off the launch of its Galaxy Note handsets for the second half of the year.

The Galaxy S6 Edge Plus is also expected to make an appearance as well, making the event all about Samsung’s larger handsets.

What’s in store?

Just last week there was a report revealing the date of the event, though rumors about both handsets have been cropping up for a while now.

Both phones are so far rumored to share some features, including 5.7-inch Super AMOLED 2K displays as well as glass back panels. Some photos of the handsets were also leaked just over a week ago.

The Galaxy S6 Edge Plus is said to sport a Snapdragon 808 hexa-core chipset, a 3,000mAh battery, and a 16MP camera.

The Galaxy Note 5 is rumored to have Samsung’s own Exynos 7422 processor, which includes storage, GPU, RAM, a 64-bit octa-core CPU and the new Shannon LTE modem right on the chip.

With the Unpacked event a few weeks away yet, expect a lot more rumors and leaks to crop up before we get to see what Samsung has in store for us.

  • In the lead up to the event, check out our review of the Galaxy Note 4









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