please click the box below to let us know you're not a robot Get the most important global markets news at your fingertips with a Bloomberg.com subscription will be replaced by Umar Farooq and Max Neukirchen In a post on LinkedIn on Tuesday Georgakopoulos said he could announce his future plans “in due course.” He also noted that when he started at the company and when he left he was overseeing 25,000 worldwide JPMorgan, the largest U.S. bank, has nearly doubled annual revenue in its payments division over the past three years, rising to $18.25 billion last year, from $9.86 billion in 2021, according to its annual filing in February with the Securities and Exchange Commission who had also been a member of the bank’s operating committee since 2020 guided the payments division’s expansion partly through the growth of “e-commerce biometrics and blockchain-based services,” according to the memo In biometrics, JPMorgan has pursued partnerships and pilots to develop that technology for use by merchant clients The company has also focused on building its presence in embedded payments offering specialized payment services in certain verticals In addition, the firm has sought to be relevant as a participant in delivering real-time payment services, including by working with The Clearing House’s RTP network, as well as the Federal Reserve in launching FedNow last year The bank’s memo didn’t suggest any major changes in direction are expected for the payments unit A spokesperson for the New York City-based bank said Farooq and Neukirchen weren’t available for interviews Farooq serves as co-head of global payments sales and as CEO of the company’s Onyx unit which was focused on developing blockchain services Neukirchen has been the global head of payments and commerce solutions providing integrated payments software options to clients worldwide His team has focused on expanding the company’s product line extending its geographic reach and forging partnerships and acquisitions Reuters reported the JPMorgan leadership changes Monday Get the free daily newsletter read by industry experts A plane that crashed in a Minneapolis suburb Saturday was registered to Terry Dolan the lender’s chief administration officer CEO Andy Cecere confirmed in a Monday memo to employees that Dolan died in the crash The lender de-banked some 300 Trump Organization accounts because it believed “the political tide at the moment favored doing so,” a lawsuit contends Eric Trump has suggested more big banks may be targeted The free newsletter covering the top industry headlines Dollar slides against peers weighed down by fresh tariff worries Trading Day: Tariff uncertainty still runs deep Global stock index dips while bond yields rise S&P 500 snaps 9-session win streak after latest Trump tariff TREASURIES-US yields rise modestly after solid services sector data Stellantis bosses urge more favorable EU rules for small cars Trump says he had a productive call with Turkey's Erdogan A month of zero gains on the stock market in April Trump's tariffs and threatened trade actions Buffett to remain Berkshire chairman but shares fall after Abel named CEO Trump tariff order on movies leaves film industry flummoxed Austria's Erste Group strikes deal with Santander to expand in Poland Wall St lower after Trump's fresh tariffs at start of Fed-decision week Tyson Foods shares sink 9% as high beef prices hurt demand Monday - Friday 9am-12pm / 2pm-6pm GMT + 1 All financial news and data tailored to specific country editions will be replaced by two colleagues being promoted to co-head roles In a post on LinkedIn Georgakopoulos said this: “It is never easy to do Morgan I decided to pursue a very exciting opportunity outside the firm (to be announced in due course).” He also noted that when he started at the company as the head of corporate strategy A spokespersonn for the New York-based company said Farooq and Neukirchen weren’t available for interviews Farooq has most recently held the title co-head of global payments sales as well as being the CEO of the company’s Onyx unit The payments leadership changes at JPMorgan were reported Monday by the media outlet Reuters. Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter. The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins. Subscribe to Payments Dive for top news, trends & analysis Send help right to the people and causes you care about Your donation is protected by the GoFundMe Giving Guarantee The dates displayed for an article provide information on when various publication milestones were reached at the journal that has published the article activities on preceding journals at which the article was previously under consideration are not shown (for instance submission All content on this site: Copyright © 2025 Elsevier B.V. Prepare for future growth with customized loan services succession planning and capital for business equipment Serving the world's largest corporate clients and institutional investors we support the entire investment cycle with market-leading research A uniquely elevated private banking experience shaped around you Whether you want to invest on you own or work with an advisor to design a personalized investment strategy We aim to be the most respected financial services firm in the world serving corporations and individuals in more than 100 countries CEO of PYMNTS.com discuss the way digital innovation can help merchants provide great customer experiences and achieve a sustainable competitive advantage I'm looking forward to our conversation in our series with JPMC on the digital transformation of the treasury This episode is all about Next-Gen merchant technologies and what CFOs and treasurers on the retail side of the industry need to help better manage their cash MAX: Thanks for having me Karen and I'm glad to be here KAREN: So let's start with perhaps one of the most obvious situations that retail is now Here we are on the doorstep of holiday 2020 and to say that 2020 has been a challenging year for retail certainly more than a slight understatement I'm curious Max about how the conversations that you're having with CFOs and treasurers about payments and cash flow are different this year than perhaps they were last holiday season MAX: This year's holiday season will definitely be different from any of the previous ones that we experienced many CFOs and treasurers are wondering how they need to setup their business so that they can accept payments in any way that their customers want to pay That is typically more a challenge actually for smaller merchants Some of whom did not really have an online or e-commerce capability so far and now with more and more consumers ordering online they really need to build out those capabilities and we have for example a lot of smaller retailers We have reached out to get setup with digital and online payments and that is definitely top of mind for many of them I think larger merchants often talk about how they can expand and enhance their online marketplaces because they also acknowledge that more and more of their products need to be online and digitally available so that they can reach their customers And then I think the last important point is also it's not only about how merchants can accept payments online but also how they can link large parts of their business online especially also the logistics the delivery and all the other aspects of digital merchandising and digital business and linking that as payment is also top of mind for many treasurers and CFOs the year 2020 and the expectations that I think we may have had back in March when the pandemic lockdown the economy and obviously retail as a part of that and we were thinking that the duration was certainly much shorter than it has turned out to be and many consumers still are reluctant to engage in the physical world Do you think that that retailers expected the digital shift to happen in both the volume and what appears to be the permanence that we now see it to be MAX: I think the shift that you described took everyone by surprise and the pandemic has definitely accelerated and shift towards digital and that is also why digital is such an important topic for CFOs and treasurers today What I also hear from many of our clients that they actually think that many other changes that we have been seeing in terms of increase of cut lock present volumes versus current present volumes in the store and in terms of customer buying behavior that many of those will be permanent and that they now think about how they adjust their business model accordingly So even in a world where we have vaccines widely available and some of the immediate impacts of the pandemic might be abating the general belief is that a lot of the consumer preference changes that have happened will actually stay KAREN: And I do think we're seeing that when as retailers report earnings they report that the massive uptick in online and obviously not so much in physical stores because of the lockdown but it's also to your point It does change the economics of the business though for a lot of retailers You alluded to a change in business models How are they internalizing that particularly as holiday happens and they're making their plans for 2021 I think a big change is a shift away from consumers I saw recently a survey of the Strawhecker Group that basically said that 60% of consumers with significant use less cash and switched more towards electronic and online payments I think that is a very important shift that impacts almost all industries The second point that has been very interesting though is how different industries have fared through the pandemic and experienced the changes that we have described here in very different ways had a big increase of their volumes in March and April but there's still a much higher rate in terms of volumes beyond the pre-pandemic levels because also people eat more at home than they eat away for example We had some interesting observations also in the big-box retail and home improvement stores where actually both cut lock present as well as cut present payments have really increased as more and more people stayed home and used the time basis to improve their basement or do some gardening and then there's other sectors Despite being already very online and digital who have seen real challenges I think travel and entertainment and then you have many merchants who have experience once they switch to online volumes that they normally only see during the holiday season So they might actually feel that they are already well equipped to handle what will come in the next few months KAREN: I'm curious as to whether some of these conversations you mentioned acceptance being so important particularly as more volume moves online are retailers using this opportunity not just to enable digital acceptance but to optimize the mix of payments I'm curious as to how CFOs and treasurers are thinking about that as part of their planning process MAX: That is a great question and the impact of the digital first world goes actually in the eyes of the CFOs and treasurers way beyond accepting payments That is one important piece and they want to ensure that they can accept payments the way that their customers want to pay I think the second important aspect is payouts actually because many of their suppliers or their broader network also want to now switch towards digital and online payments So I think having the same digital solutions on the pay outside is also very important So how do you have a digitally integrated pay in and payout solution and bringing the two together for efficient management of liquidity and balance sheet I think the third piece that has come with it is given that now a lot more payments are done digitally and online A real demand in terms of how the data that comes with this can be used more effectively for marketing purposes and also to control their business So real-time reporting and data and analytics have been much more front and center even than prior to the pandemic and then linked to this there's also all other aspects of the businesses servicing of customers and marketing that have moved digital Another aspect that is very important and that is the linkage of the digital world Where a lot of customers want to order something online pick it up an hour later in the store and that is also top of mind for many others How they can create an integrated omnichannel experience I want to push you on that a little bit because there's obviously a growing appetite consumer driven for not having to necessarily go into the physical store to retrieve items or even shop in the first place pick it up either curbside or at the front of the store But all of those things also cost the retailer more to service and as retailers look at everything the CFOs look at everything in the retail world margins trying to figure out what inventory levels are acceptable this holiday season because there's a lot of unknowns How are they thinking about servicing this digital first consumer in a way that allows payment choice and omnichannel preference MAX: Yes and given the pressure that a pandemic has put on consumer buying behavior that is really a top of mind issue for many CFOs And what we definitely see that trade-offs need to be made between investments in the various channels in anything omnichannel and as businesses see the importance of a digital first business I do expect and we will see many of them making trade-offs with their physical presence and know if they have to make a choice to prioritize digital first and as they notice that this is basically where the trend is going which is often the way consumers want to shop KAREN: And it does make your point about this end to end look at the flows acceptance flows in payouts in real-time in a consolidated way across channels is very important because now more than ever with the blending of these digital physical worlds It's crucial for making obviously decisions and managing cash as well of course but what I also really want to emphasize is the different experience that many of the industries and companies of various sizes had through the pandemic There is many whose volumes are actually bigger than ever They are often already strong e-commerce names And then there's other industries that have been hit very hard and that are really trying to survive and adjust to the new world Hope that some of the consumer demand is coming back as the economy normalizes more I take the point that a lot of the restaurants sectors and certainly some segments of retail have been very hard hit and in many ways those that are hardest hit were those that perhaps were struggling in any way that might have been disguised in a very robust economy but the pandemic is exposed a lot of it does make the question as retailers examine their business where to put their focus but you can't do that if you don't have the data to look at and an action and decision in a time frame that matters was already a big priority at the beginning of the year but has become even more important as businesses think about where to invest where to put the priorities how to best reach their customers and optimizing their business model and the data is available it's through balances and liquidity and pulling this together and making sense out of it is probably a very important differentiator when you think about who will be successful in the next two years and who will be less successful KAREN: And then what's the one piece of advice that you offer CFOs and treasurers as they're navigating certainly the short term which is holiday 2020 but by thinking about 2021 and beyond MAX: There's probably two main pieces I often leave with CFOs and these treasurers fully embrace digital and know that it's here to stay We have seen an acceleration of the digital business world over the course of 2020 and hoping that some of this might reverse or go back to pre-pandemic levels A lot of this is here to stay because it is just the experience that more and more consumers want and embracing that trend is critical And then the second point is in the digital world We need to think about how we manage payments cash flows digitally but from a business standpoint it is equally important to think about how digital payments connect with all other aspects of the business that is going digital and merchants need to have a good understanding how the individual pieces hang together so that they can deliver a great and consistent experience to their customers KAREN: It's a digital first message for a digital first world driven by consumer necessity initially but increasingly by consumer preference and obviously something retailers and every other business and every other sector of the economy needs to pay attention to You've been listening to a payments original podcast visit pymnts.com or check us out on your favorite listening app Max Neukirchen is Chief Executive Officer of Merchant Services which serves clients of every size – from sole proprietors to the largest companies on earth Merchant Services at JPMorgan Chase & Co is the dominant eCommerce payment processor in North America and Europe from product development and technology to relationship management and servicing for hundreds of thousands of clients Prior to becoming Merchant Services CEO in January 2020 Max was Head of Firmwide Strategy and Business Development for JPMorgan Chase as well as Chief of Staff for the Corporate & Investment Bank Max holds a Master of Philosophy degree in Physics from the University of Cambridge and a PhD in Finance from the Macquarie Graduate School of Management in Sydney Learn how remittance advice helps track incoming payments match invoices accurately and reduce manual processing time through automation how they work and how they serve you and your customers Discover how a well-structured tech stack can enhance your treasury operations drive strategic decisions and eliminate the hidden costs of tech debt Morgan Payments helped tackle Atlas’ escrow-DDA dilemma with sustainable finance solutions wire and real-time payment operations that can help optimize your treasury costs and capabilities across payment types Discover how strong cash forecasting bridges your company’s daily treasury operations with its long-term financial strategy Use days sales outstanding (DSO) and accounts receivable (AR) turnover metrics to evaluate and improve your collection efficiency Transform insights into faster payment cycles Morgan Payments powers Siemens Treasury’s transformation from a support function to strategic business enabler privacy and security policies don’t apply to the site or app you're about to visit privacy and security policies to see how they apply to you Morgan isn’t responsible for (and doesn’t provide) any products services or content at this third-party site or app except for products and services that explicitly carry the J.P Metrics details Existing evidence on the effects of glucose supplementation on cognitive performance appears inconclusive Metabolic switching offers an approach to explain such incoherent findings based on differences in cognitive functioning after fasting which quantifies individual performance gain due to glucose supplementation We tested the hypothesis that the effects of glucose ingestion depend on CGS the relationship between CGS and body mass index (BMI) was examined Seventy-one participants (48 female) were tested in two conditions each (deprivation baseline vs performing tasks from different cognitive domains (memory and executive functioning) We found significant evidence for a correlation of deprivation baseline performance and CGS across domains (Corsi-Block-Tapping Task: r = −0.57 individual CGS differed significantly between tasks (p = 0.018) BMI was significantly related to CGS in a word recall paradigm (r = 0.49 Our findings support the notion that the effects of glucose depend on CGS The effort to reduce performance impairment (short-term) might sacrifice independence from external glucose (long term) possibly via declining blood glucose regulation CGS could be regarded as a candidate to enhance our understanding of the etiology of unhealthy eating namely an individual cognitive glucose sensitivity (CGS) which we define as the degree of glucose dependence of cognitive performance This CGS corresponds to the individual increase in performance as a result of glucose intake compared with baseline performance (without glucose intake) the same amount of water without glucose was consumed participants and conducting research assistants were blind to which substance was consumed in each session (and were told only that one beverage was sweetened) Participants were informed at the end of the study about the nature of each drink by the supervising investigator All participants were native German speakers and participation was voluntary although students could earn credit points for a research class Participants with medical conditions (e.g. diabetes) or food/drug consumption within the last 12 hours were excluded All aspects of the study design were approved by the university’s internal review board (MS/BBL 191119) and the study was preregistered at the German clinical trial register (DRKS00019843) A-priory power analyses yielded a necessary sample size of 63 participants for our estimated expected effects Our collected sample consisted of 80 participants (27 men Nine data sets had to be excluded due to non-compliance with study requirements (prior food/drug consumption) The final sample included 71 participants with a mean age of 23.17 (SD = 6.75 participant information was provided and informed consent was signed The remainder of the study protocol was identical for both sessions starting with beverage consumption (glucose solution or water) Participants were allowed three minutes for ingestion and spent the next 20 min following a standardized protocol that preceded cognitive performance tests (learning phase of verbal recall test and anthropometric measures) Body mass index (BMI) served as an indicator for participants’ body composition which was validated using caliper measurements of four skinfold-thicknesses (triceps A Go-No-Go Task (250 trials, 50% nogo) was used to measure inhibitory performance [15] with error rate and mean RT for correct responses as dependent variables The three-minute recall phase concluded the experimental part of the first session unannounced (long-time) recall phase of the word list from session one Statistical analyzes were conducted using R [17] Scores for differences in performance between glucose and baseline conditions were calculated for each participant and variable (CGS) positive values of glucose-induced benefit were coded to indicate higher proficiency in the supplementation condition Significance levels for all tests were set at α < 0.05 and test assumptions were met unless specified otherwise Descriptive statistics on physical and cognitive parameters are reported in Table s1 BMI did not differ significantly between sexes and was within the normal range (Mf = 21.67 The relationship between skinfold-thickness and BMI (r = 0.48 p < 0.001) did not imply any added benefit for including both For this reason and for ease of replication the actual hypothesis tests were carried out solely based on BMI A Each bar represents one participant’s change in performance between glucose and baseline condition expressed in percent of the baseline performance Positive values indicate better performance (glucose-induced benefit) Baseline rank refers to the performance rank that each participant obtained in the corresponding task in the baseline condition The lowest baseline performers are on the left while the highest baseline performers are on the right of each x axis B Baseline performance and change in performance in response to glucose expressed in percent of performance in the baseline condition Positive percentages indicate better performance in glucose condition (from left to right: higher score X axis represents absolute baseline performance (left to right: score we provided evidence for a significant relationship between individual cognitive performance in the baseline condition and individual performance gain under glucose supplementation there was a significant effect of task domain on glucose-induced benefit BMI effects occurred only for male participants with a higher performance increase under glucose supplementation in the short-term memory task This pattern of results provides support for our hypotheses that the benefit of glucose supplementation on cognitive performance is moderated by individual variables and performance domain. A closer look at Fig. 1 suggests a compensatory effect especially benefiting low performing individuals rather than a general enhancement of performance as high performing individuals were relatively unresponsive to glucose intake This is also consistent with additional analyzes indicating that performance in the unannounced verbal recall task was significantly negatively correlated to BMI in men but not in women The absence of significant-general performance differences between supplementation conditions may be an indicator of the high relevance of inter-individual responsiveness Overcoming the limitation posed by the lack of physiological measures in the presented study could also be key to investigating the role of metabolic switching in the context of CGS the recruitment of appropriate samples could enable the investigation of the role of other glucose metabolism-related factors (e.g. CGS should also be studied in the context of different dosages We have presented evidence that individuals without diabetes may already show severe cognitive impairment in the absence of external glucose sources (operationalized as CGS) leading to a progressive dependence on frequent glucose intake in the long term could be one pathway for increased diabetes risk Owing to its potential behavioral influence CGS could represent a facilitating and maintaining factor in the development of overweight the relevance of the construct for performance optimization in non-clinical contexts Glucose administration and cognitive function: Differential effects of age and effort during a dual task paradigm in younger and older adults Response variability to glucose facilitation of cognitive enhancement Glucose administration prior to a divided attention task improves tracking performance but not word recognition: evidence against differential memory enhancement Consumption of glucose drinks slows sensorimotor processing: double-blind placebo-controlled studies with the Eriksen flanker task The impact of glucose ingestion and gluco-regulatory control on cognitive performance: a comparison of younger and middle aged adults Glucose enhancement of memory in elderly humans: an inverted-U dose-response curve Memory enhancement in elderly humans: effects of glucose ingestion Glucose facilitation of cognitive performance in healthy young adults: examination of the influence of fast-duration time of day and pre-consumption plasma glucose levels Persistent metabolic youth in the aging female brain Nature Reviews Neuroscience Nature Publishing Group; 2018 Experimental non-severe hypoglycaemia substantially impairs cognitive function in type 2 diabetes: a randomised crossover trial diagnosis and classification of diabetes mellitus and its complications Part 1: diagnosis and classification of diabetes mellitus provisional report of a WHO consultation International Society for Advancement of Kinanthropometry International standards for anthropometric assessment Lower Hutt New Zealand: International Society for the Advancement of Kinanthropometry; 2011; 115 p Human memory and the medial temporal region of the brain Acute effects of cocaine in two models of inhibitory control: implications of non-linear dose effects VLMT - Verbaler Lern-und Merkfähigkeitstest Manual R: A language and environment for statistical computing diabetes and cognitive deficit: the Framingham Heart Study Effects of Ketone bodies on brain metabolism and function in neurodegenerative diseases Brain insulin resistance at the crossroads of metabolic and cognitive disorders in humans Intranasal insulin administration dose-dependently modulates verbal memory and plasma amyloid-beta in memory-impaired older adults Neural mechanisms underlying motivation of mental versus physical effort The outward spiral: a vicious cycle model of obesity and cognitive dysfunction Download references Open Access funding enabled and organized by Projekt DEAL TN and CV designed the research; TN ran the experiments and data analysis; TN and CV contributed to data interpretation; TN wrote the manuscript; RR and CV have supervised the study This research was done in partial fulfillment of the doctoral dissertation of TN All authors read and approved the final manuscript The authors declare no competing interests Publisher’s note Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations Download citation DOI: https://doi.org/10.1038/s41387-022-00191-6 Anyone you share the following link with will be able to read this content: a shareable link is not currently available for this article Prävention und Gesundheitsförderung (2024) Neukirchen-am-Grossvenediger propmotes itself as "the friendliest ski area in the Alps" and it's hard to argue with that The ski area is compact and best suited to beginners and intermediates but advanced skiers can head off-piste with a guide if they get tired of the tougher pisted terrain and the giant ski area around the neighbouring Ziller Valley is just on the doorstep The main Wildkogel ski area is reached by gondola and trails descend to neighbouring villages such as Bramberg Much of the terrain is within a north facing bowl so snow conditions are good throughout the season The resort itself is medium sized and can be lively The surrounding scenery of the Hohe Tauern National Park is both beautiful and spectacular An ideal resort for new skiers, with Kitzbuhel nearby to attract the more advanced. That being said 15% or 4.5 KM of trails are categorised as black. The main ski area is reached by gondola and trails descend to neighbouring villages such as Bramberg. Families are well looked after at Neukirchen with special package deals and discounts including family-friendly Neukirchen has a selection of sports, souvenir and grocery shops to meet your holiday requirements. Germany-based Seeger supplies a range of retaining rings a global supplier of highly engineered products differentiated industrial technologies and solutions announced Friday that it has entered into a definitive agreement to sell its Seeger-Orbis) business to the Kajo Neukirchen Group The transaction is subject to customary conditions and approvals and is expected to close in the first quarter of 2020 Financial terms of the agreement were not disclosed Seeger develops and produces a comprehensive range of retaining rings snap rings and shims and generates annual revenues of approximately $60 million Seeger operates as part of Barnes Group’s Engineered Components strategic business unit within the Industrial Segment The Kajo Neukirchen Group (KNG) is a German family business specializing in long-term investment commitments in industrial a longstanding CEO of international corporations and enterprises industry-leading brand and a talented workforce who deliver excellent value to its customers the Kajo Neukirchen Group has an exciting opportunity to further drive Seeger’s growth strategy and value proposition Together we will work to ensure a smooth transition,” said Patrick J President and Chief Executive Officer of Barnes Group Inc “KNG is excited about the opportunity to support Seeger-Orbis in tapping its growth potential which exists both geographically and as part of the increasing market share of hybrid vehicles As an active long-term investor we will provide Seeger with our vast experience when it comes to preparing innovative engineering firms for rapidly changing market conditions,” said Frank Düpre Metrics details The objective distinction of different types of mental demands as well as their intensity is relevant for research and practical application but poses a challenge for established physiological methods We investigated whether respiratory gases (oxygen uptake and carbon dioxide output) are suitable to distinguish between emotional stress and cognitive load we compared the application of spirometry with an established procedure Our results indicate that electrodermal activity shows a strong responsivity to emotional stress induction which was highly correlated with its responsivity to cognitive load Respiratory gases were both sensitive and specific to cognitive load and had the advantage of being predictive for cognitive performance as well as self-reported emotional state These results support the notion that respiratory gases are a valuable complement to common physiological procedures in the detection and discrimination of different mental demands making them promising candidates for the investigation of metabolic demands in cognitive task processing we are pioneering the combination of spirometry and classical peripheral psychophysiological measures in the context of cognitive and emotional processing VCO2 and their responsiveness are a suitable tool to enhance detection and better distinguish between periods of emotional stress and cognitive task related processing compared to EDA measures whether an absolute difference between conditions was detectable (absolute perspective) or if the individual change from baseline to a specific condition had to be considered (relative perspective) as a better parameter we explored both (simple mean comparison and comparison of the individual change to baseline) in the hypotheses for our three research questions: we investigated whether respiratory gas parameters are sensitive to a change of demand condition on an individual level (baseline This should manifest in an task-dependent individual change in respiratory gases relative to the individual baseline (hypothesis 1a) to check whether specific load conditions can be reliably assigned to certain respiratory values on an inter-individual bases (hypothesis 1b) we examined whether spirometry can differentiate between cognitive load and emotional stress testing the hypothesis that Corsi-Block-Tapping-Task (CBT) and the Threat-of-Shock paradigm (ToS) can be distinguished based on VCO2 rather than VO23 and comparing it to the established measure of electrodermal activity (hypothesis 2a) we explored the idea of differential adaptivity of a respiratory response to psychological stimuli in more depth by testing whether the use of Respiratory Exchange Ratio(RER) as an individual index of the ratio between VCO2 production and VO2 consumption can offer added diagnostic value (hypothesis 2b) we investigated the external and discriminant validity of the spirometry in this unconventional application (hypothesis 3a and b) we tested whether variance in cognitive performance outcomes corresponds with VO2 and VCO2 the external validity to detect self-reported levels of emotional stress of all physiological variables was tested (hypothesis 3a) interrelations between parameter responsiveness to both cognitive load and emotional stress were examined (hypothesis 3b) All methods were approved by the universities internal review board (MS/BBL 191119) and in accordance with the current version of the Declaration of Helsinki informed consent was obtained from all participants at the beginning of the experimental session all participants successively went through relaxation baseline and two types of experimental conditions (cognitive load The whole experimental procedure was divided into a total of six episodes (e.g. Cognitive load and emotional stress were induced in counterbalanced order across participants The original sample consisted of 34 healthy participants with an average age of 26.35 (SD = 8.75) Mean height was 180.85 cm (SD = 8.99) with a mean weight of 80.55 kg (SD = 11.56) 90.9% were right-handed and 78.8% were non-smokers All participants with a cognitive performance value of zero had to be excluded from analysis as their immediate failure in the first trial of the cognitive task did not allow for the collection of useful data for EDA and spirometry it can be assumed that they did not understand or follow task instructions Due to technical problems with EDA measurement resulting in a final sample size of N = 25 for analyzes involving EDA and N = 27 for all others referred to whether the change in respiratory parameters differs between going from baseline to a cognitive task versus going from baseline to emotional stress induction The respective change of going from baseline to either condition was expressed in percent of baseline values and we refer to this variable as the responsiveness of the parameter to a certain condition Expanding on the adaptivity hypothesis of Grasmann and colleagues3 we used the RER computed as quotient of VCO2 and VO2 for our hypothesis 2b The expression of this quotient should be indicative of the adaptivity of the respiratory response participants agreed in advance to consume only water 2 h and to refrain from exercise for 24 h prior to participation Participants were guided to an air-conditioned room with a temperature set to 22° Celsius equipment for physiological measurements (EDA spirometry) was attached to the participants and calibrated according to the manufacturers All physiological measurements were taken simultaneously participants were seated comfortably facing a computer screen (14-inch 60 Hz) and the automated experimental protocol (Inquisit 5 USA) started with a 4.5 min period for EDA electrode stabilization before the recording A trackpad was used as input device to minimize participant movement during the experiment and well-being were obtained using questionnaires Emotional stress induction and baseline episode had a duration of 3 min The duration (minutes) of the cognitive load episode varied with individual performance (M = 2.57 All other episodes lasted for 3 min and the first and last 5 s of each episode were excluded from analyzes to account for artifacts and the delay between local metabolic activity and changes in respiratory gas parameters Participants were informed about the background and the subject of the study after the survey was conducted former participants were instructed not to talk to any other potential participants about the test procedure as the method of emotional stress induction (see below) relies on the illusive anticipation of electric shocks Participation was voluntary and students could receive partial course credit All procedures were approved by the university’s Ethics Committee we used a PowerCube Ergo respiratory gas analyzer (Ganshorn VO2 and VCO2 were measured by breath-by-breath technology and averaged over 10 s The gas analyzing system was calibrated with a calibration gas (15.5% O2 Switzerland) and a precision 1-L syringe (Ganshorn Data from the gas analyzer were processed using LF8 software (Ganshorn Participants were instructed to correctly reproduce a sequence of highlighted blocks using a touch pad Sequence length (difficulty) increased by one with every successful trial Parallel versions contained different random lighting sequences correctly reproduced span and the total errors made Descriptive results for the psychophysiological variables that were subject to subsequent hypothesis tests are summarized in Table 1. An overview of the analyses presented in the following section and their associated hypotheses can be found in Table 2 All mean comparisons refer to the averaged physiological values for the duration of the respective experimental condition First, we tested the hypothesis that respiratory gases are sensitive to a change in demand condition on an individual level (baseline, CBT, ToS) from both, a relative and an absolute perspective (Figs. 1 and 2). Responsiveness of physiological parameters (relative perspective). Note. Responsiveness corresponds to the parameter value change in percent when shifting from the baseline to the respective experimental condition. Except for VCO2, all mean comparisons between experimental conditions were significant. CBT = Corsi-Block-Tapping-Task; ToS = Threat-of-Shock; error bars indicate standard deviation. Mean values of physiological measures across experimental conditions (absolute perspective) Due to scaling differences of EDA and gas parameters mean values presented in this figure were z-standardized for each parameter ToS = Threat-of-Shock; VO2 = Volume of oxygen uptake MV = Minute Volume; error bars indicate standard deviation Regarding the relative perspective (hypothesis 1a) paired samples t-tests indicated significant differences for the responsiveness of VO2 with the CBT (MO = 21.40%) inducing a greater increase than the ToS (MO = 5.69% Results for the responsiveness in VCO2 again showed a higher increase between baseline and CBT (MC = 14.78%) than for baseline and ToS (MC = 3.38%) although it failed to reach statistical significance (t(26) = 1.68 SCL results showed a greater responsiveness to ToS (M = 15.32%) than to CBT (M = 2.31%) again in reference to the baseline (t(24) = −3.76 hypothesis 1b tested the absolute perspective comparing the mean respiratory gases of each testing condition (CBT p = 0.007) differed significantly from baseline values (MO = 0.27) only the difference between baseline (MC = 0.27) and CBT condition reached significance (MC = 0.30 there was no significant mean difference between baseline and CBT (t(24) = −0.29 p = 0.772) whereas mean SCL during ToS (M = 7.29) differed significantly from both baseline (M = 6.51 Additional analyzes using paired sample t-tests revealed significant differences for respiratory rate between baseline (M = 13.22) and CBT (M = 16.24 as well as between ToS (M = 13.70) and CBT p < 0.001) but not for the comparison baseline vs There were no significant differences for minute volume across experimental conditions The assumption that emotional and cognitive load can be distinguished based on VCO2 rather than VO2 (hypothesis 2a) was tested using paired samples t-tests The difference between CBT and ToS reached significance for the VO2 (t(26) = −2.69 p = 0.006) but fell short to do so for VCO2 (p = 0.100) The difference between mean SCL during CBT and ToS was significant (t(24) = −3.93 we explored whether there is evidence for the hypothetical maladaptive respiratory response to emotional stress using the quotient of VCO2 and VO2—the RER (hypothesis 2b) Paired samples t-test indicated significant differences in the RER between baseline (M = 0.98) and CBT (M = 0.92 p = 0.022) and between baseline and ToS (M = 0.92 no significant differences between the RER of ToS and CBT were found (p = 0.775) external validity for cognitive performance the spirometric parameters from the relative perspective showed the greatest diagnostic value of all investigated parameters: Pearson’s bivariate correlations were only significant for the increase of VO2 (r(25) = −0.44 p = 0.037) relative to individual baseline values (hypothesis 3a) but not for any of the other investigated absolute/relative parameters (neither EDA nor spirometry) analyzes of self-reported fear of actually receiving an electric shock during ToS revealed that fear of shock was correlated significantly with both VO2 (r(25) = 0.44 Such an association could not be demonstrated for any of the SCL values nor the relative change measures of VO2/VCO2 in this study for discriminant validity (hypothesis 3b) we noted that SCL responsiveness to CBT and ToS was significantly correlated (r(23) = 0.70 indicating a lack of discrimination between cognitive load and emotional stress from the relative perspective Looking at the responsiveness for respiratory parameters we found evidence for a superior discriminating ability with a significant negative correlation between increments in VCO2 in response to the different mental conditions (baseline-ToS with baseline-CBT To gain more in-depth insight into the specificity and sensitivity of the methods studied phasic and tonic portions of the EDA-signal were considered to broaden the picture area-under-the-curve (AUC) results mirrored those obtained by previously calculated t-tests In a direct comparison of the AUCs between EDA measures (SCL and phasic) and absolute values of VO2/VCO2 tonic EDA measures initially appear superior in discriminating between baseline and CBT (SCL: 0.485; tonic: 0.859; phasic: 0.685; VO2: 0.778; VCO2: 0.653) as well as baseline and ToS (SCL: 0.589; tonic: 0.866; phasic: 0.575; VO2: 0.637; VCO2: 0.590) VO2/VCO2 show a larger AUC in terms of discriminating a shift from baseline to ToS from a shift from baseline to CBT (SCL: 0.666; tonic: 0.459; phasic: 0.633; VO2: 0.797; VCO2: 0.701) the combined use with respect to cognitive processing is innovative Even in the context of this relatively simple feasibility study basic spirometry measures were able to perform equally well or better compared to the diagnostic values of basic (SCL) and more sophisticated EDA measures (basic and tonic portions) as established and refined psychophysiological procedures Spirometry in psychophysiological application could potentially benefit from more tailored data preparation methods for this purpose as well our results indicate that respiratory gases are promising candidates for the detection and discrimination of different psychological demands They also exhibit useful and arguably superior specificity and validity (external and discriminant) when compared to established psycho-physiological parameters The latter revealed a correlation between performance deficits and the degree of dependence of performance on the consumption of glucose We suggest that the simultaneous investigation of respiratory gases under cognitive load with differing amounts of glucose supplementation and measures is a promising next step our experiments revealed different strengths and weaknesses of EDA and spirometry measures which were most apparent (1) in terms of discriminating baseline activity from each of the two experimental conditions and (2) with respect to external validity (fear of electric shock during ToS and cognitive performance during CBT) we think that the combination of spirometry and EDA indeed has added diagnostic value in the detection and discrimination of cognitive load and emotional stress the study presented here provides an argument for further research into the analysis of respiratory gases in the context of psychological research but primarily complementary strengths compared with the established psychophysiological EDA measures Due to the relatively larger increases in VO2 and VCO2 compared to that of EDA parameters caused by cognitive load and the opposite relationship under emotional stress future attempts could be made to identify the different conditions based on the aforementioned and more sophisticated parameters All procedures were approved by the university’s internal review board ("Ethik-Kommission der Bergischen Universität Wuppertal” The datasets generated during and/or analyzed during the current study are available from the corresponding author on reasonable request A review of emotion recognition using physiological signals Reliability of selected parameters of cycling ergospirometry from the powercube-ergo respiratory gas analyser Sportverletzung-Sportschaden 29:173–179 (2015) Respiratory changes in response to cognitive load: A systematic review The effects of psychological stress on respiration: A preliminary study of anxiety and hyperventilation The effects of emotional behaviour on components of the respiratory cycle Principles of exercise testing and interpretation: Including pathophysiology and clinical applications The effect of anticipatory anxiety on breathing and metabolism in humans Cognitive glucose sensitivity—proposing a link between cognitive performance and reliance on external glucose uptake Effect of altering the proportion of dietary fat and carbohydrate on exercise gas exchange in normal subjects Influence of body size and gender on control of ventilation Respiratory drives and exercise in menstrual cycles of athletic and nonathletic women Sexual influence on the control of breathing ggplot2: Elegant graphics for data analysis by Wickham H Controlling the false discovery rate: A practical and powerful approach to multiple testing Alternate cardiovascular baseline assessment techniques: Vanilla or resting baseline The corsi block-tapping task: standardization and normative data cvxEDA: A convex optimization approach to electrodermal activity processing Discriminating stress from cognitive load using a wearable EDA device Electrodermal responses to discrete stimuli measured by skin conductance Download references This research was done in partial fulfillment of the first author’s PhD requirements Jürgen Freiwald and the Department of Movement and Training Science (University of Wuppertal) for sharing spirometry equipment We acknowledge support from the Open Access Publication Fund of the University of Wuppertal Department of General and Biological Psychology Institute of Movement and Training Science performed experiments and data acquisition; T.N contributed to the data interpretation; T.N Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations Download citation DOI: https://doi.org/10.1038/s41598-022-08480-x Sign up for the Nature Briefing newsletter — what matters in science Metrics details The concept of a last universal common ancestor of all cells (LUCA or the progenote) is central to the study of early evolution and life's origin yet information about how and where LUCA lived is lacking We investigated all clusters and phylogenetic trees for 6.1 million protein coding genes from sequenced prokaryotic genomes in order to reconstruct the microbial ecology of LUCA we identified 355 protein families (∼0.1%) that trace to LUCA by phylogenetic criteria Because these proteins are not universally distributed properties and prosthetic groups depict LUCA as anaerobic H2-dependent with a Wood–Ljungdahl pathway LUCA's biochemistry was replete with FeS clusters and radical reaction mechanisms Its cofactors reveal dependence upon transition metals Its genetic code required nucleoside modifications and S-adenosyl methionine-dependent methylations The 355 phylogenies identify clostridia and methanogens whose modern lifestyles resemble that of LUCA LUCA inhabited a geochemically active environment rich in H2 The data support the theory of an autotrophic origin of life involving the Wood–Ljungdahl pathway in a hydrothermal setting Prices may be subject to local taxes which are calculated during checkout Processes on the young Earth and the habitats of early life minimal gene-sets and the last universal common ancestor An archaeal origin of eukaryotes supports only two primary domains of life The two-domain tree of life is linked to a new root for the Archaea A minimal estimate for the gene content of the last universal common ancestor—exobiology from a terrestrial perspective Models of gene gain and gene loss for probabilistic reconstruction of gene content in the last universal common ancestor of life Origins of major archaeal clades correspond to gene acquisitions from bacteria Fructose 1,6-bisphosphate aldolase/phosphatase may be an ancestral gluconeogenic enzyme Alternative pathways of carbon dioxide fixation: insights into the early evolution of life Submarine hydrothermal vents and associated gradient environments as sites for the origin and evolution of life The emergence of life from iron monosulphide bubbles at a submarine hydrothermal redox and pH front Energy conservation via electron bifurcating ferredoxin reduction and proton/Na+ translocating ferredoxin oxidation Autotrophy at the thermodynamic limit of life: a model for energy conservation in acetogenic bacteria The step-wise evolution of early life driven by energy conservation On the origin of biochemistry at an alkaline hydrothermal vent Evolutionary primacy of sodium bioenergetics the two domains intimately cooperate to promote positive supercoiling Evolution of the structure of ferredoxin based on living relics of primitive amino acid sequences Role of ferredoxins in the origin of life and biological evolution Selenoprotein synthesis: an expansion of the genetic code Methanogens: a window into ancient sulfur metabolism Methane metabolism in the archaeal phylum Bathyarchaeota revealed by genome-centric metagenomics Acetogenesis in the energy-starved deep biosphere—a paradox Abiogenic hydrocarbon production at Lost City hydrothermal field Pathways for abiotic organic synthesis at submarine hydrothermal fields Expanding the nucleotide repertoire of the ribosome with post-transcriptional modifications tRNA's wobble decoding of the genome: 40 years of modification in Archaea: New Models for Prokaryotic Biology (ed Experimental investigation of single carbon compounds under hydrothermal conditions A mild hydrothermal route to fix carbon dioxide to simple carboxylic acids Abiogenic methane formation and isotopic fractionation under hydrothermal conditions Energetics of amino acid synthesis in hydrothermal ecosystems The energetics of organic synthesis inside and outside the cell Dynamic structures and functions of transfer ribonucleic acids from extreme thermophiles Post-transcriptional nucleotide modification and alternative folding of RNA The Na+-translocating methyltransferase complex from methanogenic archaea Structural insights into methyltransfer reactions of a corrinoid iron–sulfur protein involved in acetyl-CoA synthesis The effect of oxygen on biochemical networks and the evolution of complex life Phylogenomic reconstruction of archaeal fatty acid metabolism Geomicrobiology and microbial geochemistry: principles of geobiochemistry Template-directed synthesis of a genetic polymer in a model protocell protein and lipid precursors in a cyanosulfidic protometabolism NCBI reference sequences (RefSeq): current status An ancient algorithm for large-scale detection of protein families Gapped BLAST and PSI-BLAST: a new generation of protein database search programs EMBOSS: The European Molecular Biology open software suite MAFFT multiple sequence alignment software version 7: improvements in performance and usability Heads or tails: a simple reliability check for multiple sequence alignments Local reliability measures from sets of co-optimal multiple sequence alignments RAxML version 8: a tool for phylogenetic analysis and post-analysis of large phylogenies The Newick utilities: high-throughput phylogenetic tree processing in the UNIX shell The COG database: a tool for genome-scale analysis of protein functions and evolution KEGG: Kyoto encyclopedia of genes and genomes The Pfam protein families database: towards a more sustainable future MODOMICS: a database of RNA modification pathways—2013 update tRNAdb 2009: compilation of tRNA sequences and tRNA genes Download references The authors acknowledge the Zentrum für Informations- und Medientechnologie (ZIM) of the Heinrich-Heine University for computational support and the European Research Council for funding (ERC AdG 666053 to W.F.M.) Sousa: These authors contributed equally to this work carried out the functional classification of the protein families All authors analysed and discussed the results The authors declare no competing financial interests Functional and taxonomic characterization of the 355 protein families potentially present in LUCA using a threshold of 25% global identity (XLSX 95 kb) Functional and taxonomic characterization of one-taxa-misplaced protein families (XLSX 34 kb) Functional and taxonomic characterization of one-phyla-misplaced protein families (XLSX 34 kb) Download citation DOI: https://doi.org/10.1038/nmicrobiol.2016.116 Sign up for the Nature Briefing: Microbiology newsletter — what matters in microbiology research Please enable JS and disable any ad blocker Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement As anyone who has tried to buy a new car recently will have discovered, the availability of new vehicles has been seriously hit by a shortage of semiconductors. However, such issues have done little to dampen expectations for growth in the in-vehicle payments market According to a global study of connected vehicle payments by Ptolemus Consulting Group 600 million vehicles will generate in-car transactions worth more than $500 billion by 2030 nearly 30% of respondents to the Pymnts and P97 Networks’ Digital Drive report said they would make purchases online during an autonomous vehicle commute Perhaps it should not be surprising, therefore, that in September, JPMorgan’s wholesale payments business announced plans to acquire a controlling interest in the Volkswagen payment platform The bank’s acquisition of Volkswagen Payments is a continuation of a strategy to provide vertical-specific solutions that saw the purchase of medical payments technology firm InstaMed in 2019 “Volkswagen has developed a connected car solution that allows car owners to use their vehicle as a wallet to pay for a variety of associated services,” says Max Neukirchen chief executive of merchant services at JPMorgan Chase You have reached the limit for gifting for this month and SOC security to respond quicker and stop breaches early AI agents boost business—but create risks and strategies from industry leaders – all for free Please sign in with your Snow-Forecast account details below Create a free account to receive instant Snow-Alerts and save your favourite resorts on your personal MySnow page The Neukirchen/Bramberg-Ski-Arena Wildkogel snow report is: 0 out of 15 Lifts open Our model predicted that 20cm (8 inches) of snow fell over 48 hours between Sunday 30 of March at 8PM and Tuesday 01 of April at 8PM CEST at the mid mountain level In addition to the current report on ski conditions we also provide webcams (including a 4 week cam archive) current live observations from nearby weather stations and also historical snow data for Neukirchen/Bramberg-Ski-Arena Wildkogel Light rain showers reported from Loferer Alm at 1625 metres elevation only 3 kms W of Lofer but it is forecast cold enough for snow at the ski area from Lofer Rain reported from Kufstein at 238 metres elevation 5 kms E of Thierseetal/Schneeberg/Hagerlifte but it is forecast cold enough for snow at the ski area from Thierseetal/Schneeberg/Hagerlifte Light rain showers reported from Rudolfshuette -Alpinzentrum at 2320 metres elevation only 2 kms S of Uttendorf/Weißsee but it is forecast cold enough for snow at higher elevations in the ski area from Uttendorf/Weißsee Several North American ski areas that are still open plan to celebrate the unofficial Star Wars Day tomorrow Latest snow reports near Neukirchen/Bramberg-Ski-Arena Wildkogel: Recorded snow depths for the upper and lower slopes in Neukirchen/Bramberg-Ski-Arena Wildkogel 2024 - 2025 The long term average for the upper slopes is also shown for comparison Find the best conditions for skiing and snowboarding near Neukirchen/Bramberg-Ski-Arena Wildkogel using our Snowfinder page The snow report describes the piste and off-piste ski conditions at Neukirchen/Bramberg-Ski-Arena Wildkogel You can submit an updated snow report here Piste and off-piste are often different so we ask snow reporters to describe Neukirchen/Bramberg-Ski-Arena Wildkogel piste and off-piste conditions separately If these details are missing from the Neukirchen/Bramberg-Ski-Arena Wildkogel snow report you can predict off-piste conditions using the snow depth the date of the most recent snowfall at Neukirchen/Bramberg-Ski-Arena Wildkogel the Neukirchen/Bramberg-Ski-Arena Wildkogel weather report and the forecast Members can check the hindcast for a timeline of Neukirchen/Bramberg-Ski-Arena Wildkogel weather conditions This detailed weather log makes it easy to predict snow conditions at Neukirchen/Bramberg-Ski-Arena Wildkogel even when the snow report is too old to be useful The hindcast shows when our weather model last predicted snowfall at Neukirchen/Bramberg-Ski-Arena Wildkogel You will be able to predict whether to expect off-piste powder If you see a report of powder or fresh snow conditions several days after snow last fell off-piste new snow will be tracked out within hours of a fresh fall but wherever crowds are light in relation to the accessible terrain it will be possible to stay fresh much later strong winds sometimes redistribute powder snow enough to cover old tracks or it may simply be that the ski area was not fully open for some period after the snow fell so fresh snow that fell a while ago has remained un-tracked until this report Neukirchen/Bramberg-Ski-Arena Wildkogel snow conditions will change too so it is important to check the time and date of the Neukirchen/Bramberg-Ski-Arena Wildkogel snow report and to guess what effect the weather will have had on snow quality between then and now the Neukirchen/Bramberg-Ski-Arena Wildkogel snow report on Friday afternoon may indicate fresh powder but if Friday night is mild and rainy then ski conditions will be very poor on Saturday morning the same snow report can be valid for more than a week We advise that you check the Neukirchen/Bramberg-Ski-Arena Wildkogel snow forecast to see if conditions are likely to change before your visit Many skiers enjoy moguls and fast icy pistes but for off-piste skiers and free-ride snowboarders fresh snow starts to deteriorate from the moment it settles rain and periods of above-freezing temperature are the primary cause of the evolution from fresh powder to windslab High altitude slopes that are shaded from the sun and sheltered from the wind preserve powder stashes longer after fresh snowfall If the snow report mentions pockets of powder at Neukirchen/Bramberg-Ski-Arena Wildkogel study the Neukirchen/Bramberg-Ski-Arena Wildkogel piste map in relation to the wind direction to determine the most likely locations We stress the importance of checking the date on the Neukirchen/Bramberg-Ski-Arena Wildkogel snow report particularly around weekends the snow report for Neukirchen/Bramberg-Ski-Arena Wildkogel on Friday may indicate powder after recent snowfall but following a sunny and busy weekend when the locals hit the mountains en masse the ski conditions (at any resort) can deteriorate rapidly and late arrivals may see very different ski conditions Of course some people look for deteriorating conditions in the snow report for the likely development of mogul fields but for powder lovers and particularly snowboarders this can mean tracked out off-piste snow this doesn’t always happen quickly after fresh snowfall particularly at quiet North facing resorts at high altitude where genuine powder stashes may be found days or even weeks later It is worth checking the piste map for Neukirchen/Bramberg-Ski-Arena Wildkogel (found in menu above) for the location of favourable slopes that may be described in the "Neukirchen/Bramberg-Ski-Arena Wildkogel Snow Conditions" part of the snow report In addition to checking the Neukirchen/Bramberg-Ski-Arena Wildkogel snow report we recommend that you check the snow forecasts found in the menu at the top of the page along with our ski resort guide This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Get the hottest Fintech Philippines News once a month in your Inbox J.P. Morgan is set to introduce its invoice reconciliation service powered by AI in the Philippines this May underscoring the country’s pivotal role in its Asia Pacific payments innovation strategy This launch is part of a wider regional rollout across ASEAN highlighted the Philippines’ rapid digital adoption and thriving fintech sector as key reasons for prioritising the market “This award-winning solution has already made a splash in India by improving cash conversion cycles by 50% and unlocking USD $1.1 million in working capital for this client We can’t wait to see the impact it’ll have here,” he told The STAR The AI invoice reconciliation tool aims to optimise cash flow and minimise operational hurdles for businesses particularly those with intricate B2B transactions in sectors like healthcare and manufacturing Morgan’s increasing focus on regional innovation and its confidence in the Philippines’ potential as a digital payments hub The country boasts a dynamic fintech landscape with over 250 active firms and a tech-savvy population embracing digital wallets and QR code payments High mobile and internet penetration rates further fuel this growth Beyond this AI-driven service, J.P. Morgan’s established collaborations with major local banks, including Bank of the Philippine Islands, BDO Unibank Inc., and Union Bank of the Philippines Neukirchen affirmed the bank’s commitment to its strong partnerships and payments franchise serving both multinational corporations and local clients Featured image: Edited from Freepik Subscribe to the most important Fintech Philippines News As one of the original versions of Unix So it shouldn’t come as a surprise that it used what are the password hashes of some BSD creators were included in publicly available source code Last week, technologist Leah Neukirchen reported finding a source tree for BSD version 3, circa 1980, and successfully cracking passwords of many of computing’s early pioneers In most of the cases the success was the result of the users choosing easy-to-guess passwords Weakest of all was the password for Unix contributor Brian W Kernighan: “/.,/.,”—representing a three-character string repeated twice using adjacent keys on a QWERTY keyboard (None of the passwords included the quotation marks.) But there were at least five plaintext passwords that remained out of reach They included those belonging to Turkish computer scientist Özalp Babaoğlu and crucial Unix contributors Tom London and Bob Fabry But the uncracked hash that seemed to occupy Neukirchen the longest was the password used by Ken Thompson “I never managed to crack ken's password with the hash ZghOT0eRm4U9s and I think I enumerated the whole 8 letter lowercase + special symbols key space,” Neukirchen reported in the above-linked thread posted to the Unix Heritage Society mailing list the default hashing algorithm for the BSD 3 operating system Descrypt represented the cutting edge of password hashing Chief among the improvements: it was the first hashing function to use cryptographic salt—which is a randomly chosen text string appended to the password—designed to prevent identical plaintext inputs from having the same hash string It was also the first to subject plaintext inputs to multiple hashing iterations this so-called key-stretching process significantly increased the time and computation required for attackers to crack the hashes Descrypt was deprecated more than 20 years ago, however, as cracking tools grew ever more powerful and better functions came into being. By today’s standards, Descrypt is woefully inadequate (though sadly sometimes still used Descrypt limits passwords to just eight characters a constraint that makes it all but impossible for end users to choose truly strong credentials And the salt Descrypt uses provides just 12 bits of entropy the equivalent of two printable characters That tiny salt space makes it likely that large databases will contain thousands of hash strings that attackers can crack simultaneously It “took 4+ days on an AMD Radeon Vega64 running hashcat at about 930MH/s during that time (those familiar know the hash-rate fluctuates and slows down towards the end),” Williams reported An AMD Radeon Vega64 is a graphics card and Hashcat is a password-cracking program that takes advantage of the powerful parallel-computing capabilities of graphics cards forum member Arthur Krewat provided the passwords for the four remaining uncracked hashes Forum members quickly pointed out that Thompson’s password “p/q2-q4!” is the descriptive notation for a common opening move in the game of Chess “If I remember right,” another forum member chimed in, “the first half of this password was on a t-shirt commemorating Belle's first half-move, although its notation may have been different.” Belle was the name of the Chess machine developed by Thompson and Joseph Henry 'Joe' Condon Rob Pike—the forum member who worked on Unix projects while at Bell Labs—then moved on to a different topic not yet brought up in the discussion: The attitudes around hackery have changed; the position nowadays seems to be that the bad guys are doing it so the good guys should be rewarded for doing it first The net result: we know much more now than we did a decade ago about choosing a strong password Forum member Kurt H Maier phrased things well in a response to Pike “It's not like we're sitting around rainbow-tabling someone's Macbook,” Maier wrote ‘How many decades old must a hash be before it's acceptable to decode it’ is a valid question worth answering but comparing this kind of archaeology to active attack is slightly absurd.” here’s hoping Eric Schmidt and company have changed those vintage passwords Get the hottest Fintech Singapore News once a month in your Inbox J.P. Morgan has signed an agreement to acquire payments technology company Renovite to bolster the firm’s payments modernisation strategy and support its journey to the cloud which combines corporate treasury services card and merchant services capabilities at the firm The acquisition complements the firm’s proposed strategic investment in Viva Wallet and its strategic partnership with Volkswagen Financial Services AG Final transaction execution is subject to customary closing conditions Renovite has built six products to help clients optimize infrastructure The company also has a presence in India and the United Kingdom “We are excited to acquire Renovite and accelerate our roadmap for helping our clients stay at the cutting-edge of payments innovation,” Global Head of Payments & Commerce Solutions “The contemplated transaction will help us to realise our joint vision to deliver world-class payments capabilities globally for J.P This article first appeared on Fintech News America. Subscribe to the most important Fintech Singapore News Margaret Gateley will sign the English version of the formal twinning with Neukirchen-Vluyn as well as marking twenty years of Buckingham’s twinning with Mouvaux To celebrate Buckingham Town Council is hosting Twinning in the Market - a musical celebration of France a German oompah band ‘Edelweiss All Stars’ and local morris dancers the Brackley Morris Men with each act performing in front of the Old Gaol in Buckingham from 10 am until 2 pm on Saturday 19th March who will be welcoming the visitors said  “It is a great honour and pleasure to welcome the Mayors of Mouvaux and Neukirchen-Vluyn alongside other guests to Buckingham this weekend for our long-awaited celebration of our three-way partnership It is particularly important to further such friendships between nations in the light of what is going on elsewhere in our world.”                 Email: evne@vnexpress.netTel: 028 7300 9999 - Ext 8556 Du hast den Inhalt der Merkliste hinzugefügt E-cigarettes have a big headwind, sales to the United States will be canceled not only in the United States but also on mail order sites such as Alibaba Voices of criticism from fans and employees for companies that disposed of professional gamers who supported Hong Kong demonstrations Oct 10, 2019 12:30:00 in Software,   Security