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Verra Mobility launches National School Bus Safety Week campaign to raise awareness around school bus safety

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Organizations are encouraged to download and share the free toolkit, including social media posts and digital collateral, to advocate for safer school transportation

MESA, Ariz., Oct. 21, 2024 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, has launched the ‘Zero in on School Bus Safety Toolkit’ to champion National School Bus Safety Week (October 21-25) and encourage others to embrace the importance of using safe driving behavior around school buses.

Passing a stopped school bus with its stop-arm extended is against the law, yet thousands of Americans do this on a daily basis. The National Association of State Directors of Pupil Transportation Services (NASDPTS) annual survey showed 45.2 million drivers received a violation for illegally passing school buses last school year – up from 43.5 million during the prior school year. The National Highway Traffic Safety Administration relates this to the most devastating consequence, stating an average of 108 fatalities occurred each year via school transportation-related crashes from 2013-2022.

To encourage communities and organizations to raise awareness around this issue, Verra Mobility created ‘Zero in on School Bus Safety Toolkit’ with resources including social media posts, statistics, and digital collateral to raise awareness and create safer school bus transportation. To download the free materials and share this important safety message, visit www.verramobility.com/national-school-bus-safety-week-toolkit.

“Every day, millions of students rely on school buses for safe transport to and from school,” said Belinda Olivares, general manager of the school bus stop arm division at Verra Mobility. “The illegal passing of stopped school buses threatens our students’ safety. That’s why Verra Mobility is partnering with school districts to install school bus safety arm technology to protect students as they board and exit the bus. These programs are proven to alter driver behavior, but we must do more. The goal of the toolkit is to give school districts and organizations across the nation a way to deliver the safety message in one easy step.”

Verra Mobility’s school bus stop arm program works when the bus’s stop arm is deployed, and a camera automatically detects vehicles that pass the stopped bus within the enforced zone. The camera records video of the vehicle and captures event images including its license plate and the extended stop-arm. 

Verra Mobility’s program has shown that 98 percent of drivers who are issued a violation for illegally passing a stopped school bus do not repeat their behavior, with some programs experiencing up to a 70 percent reduction in issued citations when comparing the beginning of the school year to the end. Violations act to raise awareness and change driver behavior.

“School buses carry very precious cargo…our students. While protecting their safety is a daily priority, this week allows us to spotlight the importance of safe school bus transportation and reduce the risks to children,” said Olivares. “Verra Mobility has equipped thousands of school buses, transporting tens-of-thousands of students, with safety camera technology to better protect children on their commute to and from school.”

To learn more about the school bus stop arm safety program, visit www.verramobility.com/government/school-bus-safety/.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

We describe initiatives that drive our business and future results in this press release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near-and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. These forward-looking statements should be considered in light of the information included in this press release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company’s press releases, SEC filings and public conference calls and webcasts.

Media Relations:

Investor Relations:

Eric Krantz

Mark Zindler

eric.krantz@verramobility.com

mark.zindler@verramobility.com 

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SOURCE Verra Mobility

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LISNR Expands Advisory Board with New Appointments of Andrew White and Dustin Young

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October 22, 2024

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The Addition of Andrew White and Dustin Young Strengthens LISNR’s Strategic Vision Across Retail, Fintech, and Investment Leadership

CINCINNATI, Oct. 21, 2024 /PRNewswire-PRWeb/ — LISNR®, the global leader in ultrasonic data-over-sound technology, is proud to announce the latest additions to its advisory board, welcoming Dustin Young and Andrew White. These new appointments will further enhance the strategic capabilities of LISNR® as the company builds upon its record-breaking 6x growth and is fast becoming recognized as the new data modality standard for proximity verification, transaction, and marketing solutions.

“We’re thrilled to welcome Andrew and Dustin to the LISNR® advisory board. Their combined experience in financial technology and investment adds critical depth to our leadership, complementing our focus on driving further value in the retail and financial sectors.”

New advisor board member Dustin Young, a retired Senior Vice President at Visa, has spent 35 years in payments, bridging corporate and startup environments. His vast knowledge of financial services and his hands-on approach to payment innovation on-prem and online will play a pivotal role in helping LISNR® further refine its offerings for financial technology solutions.

Joining Young, Andrew White is the founder of Sweat Equity Partners, bringing over three decades of investment experience and guiding startups and established companies to new heights. His deep expertise in strategic investment aligns with LISNR’s continued expansion and growth in new markets.

Eric Allen, CEO of LISNR®, expressed enthusiasm about the new appointments, “We’re thrilled to welcome Andrew and Dustin to the LISNR® advisory board. Their combined experience in financial technology and investment adds critical depth to our leadership, complementing our focus on driving further value in the retail and financial sectors.”

Dustin Young highlighted the importance of LISNR’s technology in the evolving fintech space, “LISNR’s innovative approach to proximity and transaction verification stands at the forefront of what’s next in fintech. I’m excited to help the company advance its technology and reach new milestones.”

Andrew White echoed his sentiment, adding, “I’m honored to join LISNR’s advisory board and support its mission to drive sustainable innovation through collaboration. LISNR’s disruptive data-over-sound technology has immense potential to deliver lasting value across numerous global industries.”

White and Young will join a distinguished board that includes retail technology leader Kirk Ball and seasoned fintech expert Paul Bartholomew-Keen. The LISNR® advisory board now consists of a diverse mix of leaders across key sectors:

Kirk Ball, former EVP & CIO at Giant Eagle and former CTO at Kroger, brings decades of retail innovation to LISNR’s strategic planning.Paul Bartholomew-Keen, a seasoned financial services leader at companies like Travelex, Elavon, and Mastercard will continue to drive LISNR’s focus on fintech and payments innovation.Dustin Young, with his extensive knowledge of payments and corporate strategy, complements LISNR’s forward-thinking approach in the fintech arena.Andrew White, with a deep background in investment and entrepreneurship, adds a unique perspective to the board’s strategic outlook.

With this exceptional group of leaders, LISNR® is well-positioned to continue innovating its Radius® SDK for proximity verification, transaction verification, and proximity marketing to deliver seamless experiences in mobility, retail, fintech, hospitality, and beyond.

Media Contact

Julie Chadbourne, LISNR, 1 (513) 322-8400, julie.chadbourne@lisnr.com , https://Lisnr.com 

View original content to download multimedia:https://www.prweb.com/releases/lisnr-expands-advisory-board-with-new-appointments-of-andrew-white-and-dustin-young-302282347.html

SOURCE LISNR

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Tenpay Global & TerraPay to Enable International Money Transfers to more than one billion Weixin and WeChat Users

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October 22, 2024

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SHENZHEN, China, Oct. 22, 2024 /PRNewswire/ — TerraPay, a global leader in cross-border money movement, has announced a strategic partnership with Tenpay Global, Tencent’s cross-border payment platform renowned for its innovative financial services through the Weixin ecosystem. This collaboration will enable international transfers directly to Weixin Pay users in China, reinforcing TerraPay’s commitment to delivering seamless, secure, and efficient remittance solutions.

Global remittances are projected to reach $913 billion by 2025, according to the World Bank, with a significant portion directed towards developing nations. As one of the largest recipients of remittances globally, China has received an estimated $53 billion in recent years. This presents a vast opportunity for TerraPay and Tenpay Global to tap into the inbound remittance flows within the Weixin Pay ecosystem.

For many individuals with family and friends in China, sending money home can be fraught with challenges such as, lengthy processing times, and limited access to digital payment options. TerraPay’s partnership with Tenpay Global seeks to address these challenges, providing a fast, secure, user-friendly solution for millions of global users looking to connect with their loved ones in one of the world’s most advance digital payment ecosystems.

This integration will allow TerraPay’s customers to enable their users to send money directly to over one billion Weixin and WeChat users in China, enjoying faster, more reliable cross-border transactions. The partnership enhances the convenience of digital payments, ensuring a seamless experience for users. According to our research, with around 82% of China’s population using digital wallets for everyday transactions, TerraPay’s strategic move aligns perfectly with the growing adoption of mobile wallets.

To capture this opportunity, TerraPay has also collaborated with 5 leading wallet operators to form an Interoperability Council. This is to enable participating wallets to interconnect and interoperate for multiple cross-border transaction types, including remittances and merchant payments.

“Partnering with Tenpay Global is a thrilling milestone for us in China, one of the world’s most vibrant digital payment markets,” said Ambar Sur, Founder & CEO of TerraPay. “This collaboration enables us to offer our users a direct, efficient way to send money home, fostering deeper connections across borders and expanding our wallet reach to more than 3.7 billion wallets. Furthermore, this partnership comes at an exciting time for wallet providers, as we have recently launched the Wallet Interoperability Council to drive interoperability for multiple cross-border transaction types, including remittances and merchant payments using wallets.”

Wenhui Yang, CEO of Tenpay Global (SG), added, “Our commitment to fostering open collaborations with global partners is the key to create a digital payment network across borders. By offering efficient, seamless remittance solutions, we are enhancing global connectivity and empowering individuals to stay connected with their loved ones, no matter where they are.”

The remittance corridors into China are robust, with key routes including the US-China, Canada–China, and Southeast Asia–China corridors. These corridors, driven by expatriates and overseas workers sending money back to their families, represent a crucial market segment for both TerraPay and Tenpay Global.

As China’s digital payment landscape continues to evolve, this collaboration positions TerraPay to leverage its strong presence in Southeast Asia, further enhancing the speed and convenience of payments into China. Together, TerraPay and Tenpay Global are set to make sending money home not just a transaction, but a bridge connecting families and communities across borders.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 144+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant. Founded in 2014, TerraPay operates in over 12 countries and has built the global digital wallet interoperable network, driving financial inclusion even in the most remote markets. TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues its rapid global expansion.

About Tenpay Global

Tenpay Global, the cross-border payment platform of Tencent, is your gateway to seamless cross-border payment solutions for businesses and individuals. We offer scenario-based services for different customer groups, including cross-border consumption, cross-border remittances, and cross-border commerce scenarios. Together with global partners, we are committed to bridging the world’s payment networks with Weixin’s ecosystem in China.

Media Contact: 
Juveria Samrin,
juveria.n@terrapay.com 

Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/tenpay-global–terrapay-to-enable-international-money-transfers-to-more-than-one-billion-weixin-and-wechat-users-302281650.html

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SKYWORTH Showcases Innovation at the 136th Canton Fair

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57 mins ago

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October 22, 2024

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SHENZHEN, China, Oct. 21, 2024 /PRNewswire/ — On October 15, the 136th China Import and Export Fair (Canton Fair) opened grandly at the Canton Fair Complex in Guangzhou. As a regular participant and a leading player in the industry, SKYWORTH made a remarkable appearance once again, showcasing its latest advancements in consumer electronics and demonstrating its exceptional innovation, continuously rewriting the history of the home appliance industry.

SKYWORTH’s booth featured a spectacular 3D dragon display on the “Dragon Column” LED screen, combined with stunning audiovisual effects, attracting numerous international buyers to stop by. At this year’s fair, SKYWORTH’s differentiated TV products stood out with their high-end, ultra-stylish designs. From seamless Frame+ TV series, the world’s first AI karaoke Google TV series, and portable TVs, all these models shone brightly at the exhibition.

The flagship of the Frame+ TV series, the 110-inch Q9E, features outstanding picture quality and audio, with an ultra-black wide-angle screen and a 50 million:1 dynamic contrast ratio, plus 4.2.2 surround sound for an immersive experience. The 138-inch LED super commercial TV, using advanced coating and lamination, offers high brightness and clarity, ideal for commercial settings like meetings and exhibitions.

SKYWORTH Group sees innovation as a key growth driver, continually investing in R&D to achieve technological breakthroughs. In AI, SKYWORTH utilizes deep learning and natural language processing to develop a smart interaction system with voice control and intelligent recommendations, enhancing the viewing experience. In manufacturing, SKYWORTH integrates “5G + Industrial Internet” technology, improving efficiency and product quality to maintain its global leadership in TV production.

As of September 2024, SKYWORTH’s global shipments of Google TV and other Android TV OS devices have exceeded 38 million units. The company has established a global footprint with 11 R&D centers, 18 manufacturing centers, and 28 overseas subsidiaries, distributing products to over 120 countries and regions.

The Canton Fair is a platform for “connecting the world and creating mutual benefits.” SKYWORTH showcased its technological and product innovations, connecting global buyers and highlighting its position. Moving forward, SKYWORTH remains committed to innovation, quality, and openness, aiming to deliver high-quality growth and provide consumers worldwide with intelligent and convenient products.

View original content to download multimedia:https://www.prnewswire.com/news-releases/skyworth-showcases-innovation-at-the-136th-canton-fair-302282444.html

SOURCE SKYWORTH Group

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