Daily Archives: November 20, 2018

Ondot Systems Named One of North America’s Fastest Growing Companies in Deloitte’s 2018 Technology Fast 500™

Ranked Fastest Growing FinTech Company in Silicon Valley with 224 percent revenue growth and over four thousand Financial Institutions now offering its white label service

Santa Clara, California, Nov. 20, 2018 (GLOBE NEWSWIRE) — Ondot Systems, the leading provider of Digital Card Services and Customer Empowerment Solutions, today announced that it was named by Deloitte’s Technology Fast 500TM as the fastest growing Silicon Valley FinTech company, and one of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

A recent report “Accelerating Digital Transformation in Banking” published by Deloitte on results of a survey of 17,100 consumers across 17 countries concluded that leading technology companies have become the gold standard for digital engagement, thus driving a stronger emotional connection for consumers with these brands over their primary banks. If banks want to keep up, they must engineer their digital experience to make these emotional connections, which, ultimately, could translate into sticky interactions and more profitable customers.

“As Ondot has matured from a startup to an established leading provider of financial technology solutions for over 4000 banks and card issuers worldwide, our solutions have redefined customer engagement from acquisition to retention to growth”, said Vaduvur Bharghavan, Chief Executive Officer of Ondot Systems. “We co-created digital card solutions with incumbent Financial Institutions such as instant digital issuance, push provisioning into eWallets, disposable digital cards, consumer card controls, instant two-way notifications with contextual conversations, location intelligence, and real time analytics with merchant data enrichment – essentially providing a one stop shop to help banks innovate and drive true transformation and differentiation in the marketplace.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

About Deloitte’s 2018 Technology Fast 500TM
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.

About Ondot Systems
Ondot Systems is the global leader in powering mobile payment services, serving over 4,000 financial institutions across four continents. The company’s real-time platform gives financial institutions a competitive edge by increasing engagement and empowering their customers to personalize, manage and control how payments are made in today’s world of always-on digital commerce. To learn how Ondot is shaping the future of payments, visit www.ondotsystems.com.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firm

Gary Singh
ondot systems
5105997758
gary.singh@ondotsystems.com

Patton Delivers IPv6 Services at the Network Edge

Implementing enhanced IPv6 in SmartNode VoIP CPE, Patton supports simplified network architectures and lowers operation and maintenance costs for service providers and enterprises.

SmartNode VoIP… More than Just Talk!

GAITHERSBURG, Md., Nov. 20, 2018 (GLOBE NEWSWIRE) — Patton Electronics—doing business as a bricks-and-mortar manufacturer since 1984—has enhanced IPv6 in its SmartNode CPE, the company announced today.

Global expansion of the Internet, proliferation of IP endpoint devices, and the burgeoning Internet of Things (IoT) means we will soon run out of IPv4 addresses.

The IPv6 standard expands available IP addresses octillion times, or at least 17 billion.

Everyone has known that for a long time and the hype has been going on for years.

Service providers made plans, and some partially implemented IPv6 in their networks. Carriers like Telefonica and T-MOBILE—and enterprises such as Microsoft—have started the changeover. Many large enterprises also planned on it, but have spotty adoption of IPv6. Most SMEs have barely even planned a transition.

“One thing is for sure, we are not living in an All-IPv6 world,” said Burton A. Patton (Burt), Executive Vice President at Patton. “Still the move to IPv6 is inevitable. And there are good reasons to do it sooner rather than later.”

IPv6 networks are simpler—and CHEAPER—to operate and maintain.

>>Blog: Turning on IPv6: Why do it?

With IPv4, maintaining network address translation (NAT) tables is complex, time-consuming, and costly. That is probably why whatech.com predicts the IPv6 market will grow at rate (CAGR) of +31 % until 2023 and beyond.

Since 2011, Patton’s SmartNode hardware platforms and operating system have been ready for IPv6. Patton has tested and proven SmartNode CPE with longstanding carrier customers for IPv6 SIP-trunking service delivery.

Now, Patton heralds not only IPv6 support, but offers enhanced edge-orchestration services with the Patton Cloud.

Getting from IPv4 to All-IPv6 networking presents challenges. We will live in a mixed IPv4/IPv6 world for some years.

Supporting IPv6 and IPv4 on the network edge (between enterprise and service-provider networks) while empowering service transitions on both sides of the demarcation can be done the easy way or the hard way. Patton says their solution is the easy way.

In related news, Patton recently announced its new Patton Cloud Edge-Orchestration Service that speeds deployment and reduces costs for VoIP and ALL-IP service providers.

Media Contact: Glendon Flowers | +1 301 975 1000 | press@patton.com

Lantronix จะนำเสนอในกิจกรรม LD Micro Main ประจำปี ครั้งที่ 11 ในวันที่ 5 ธันวาคม 2018

IRVINE, Calif., Nov. 20, 2018 (GLOBE NEWSWIRE) — Lantronix, Inc. (“บริษัท”) (NASDAQ: LTRX) ผู้นำด้านการให้บริการโซลูชั่นการรักษาความปลอดภัยการเข้าถึงข้อมูลและการจัดการระดับโลก สำหรับอุตสาหกรรมอินเตอร์เน็ตในทุกสิ่ง (IoT) วันนี้ได้ประกาศว่าประธานและประธานฝ่ายผู้บริหาร Jeff Benck และผู้บริหารฝ่ายการเงิน Jeremy Whitaker จะเสนอภาพรวมของธุรกิจของบริษัทในกิจกรรม LD Micro Main ประจำปี ครั้งที่ 11 ในวันที่ 5 ธันวาคม 2018 เวลา 16 นาฬิกา เวลามาตรฐานแปซิฟิค (19 นาฬิกาตามเวลามาตรฐานตะวันออก) ณ โรงแรม Luxe ตั้งอยู่ที่ 11461 Sunset Boulevard ในลอสแองเจลิส แคลิฟอร์เนีย การออกอากาศสดทางเว็บและสำเนาของสไลด์ในการนำเสนอของบริษัทจะมีให้บนส่วนของความสัมพันธ์การลงทุนของเว็บไซต์ของบริษัท www.lantronix.com

ผู้ลงทุนต่างๆ ที่เข้าร่วมการประชุมที่ต้องการพบกับคณะกรรมการบริหารของ Lantronix สามารถติดต่อกับ Shahram Mehraban ได้ที่ investors@lantronix.com

เกี่ยวกับ Lantronix 
Lantronix, Inc. เป็นผู้ให้บริการระดับโลกในการรักษาความปลอดภัยการเข้าถึงข้อมูลและการจัดการ สำหรับอุตสาหกรรมอินเตอร์เน็ตในทุกสิ่ง (IoT) ภารกิจของเราคือการเป็นผู้จัดจำหน่ายโซลูชั่น IoT ที่ทำให้บริษัทต่างๆ มีการสร้าง การปรับใช้และการจัดการของโปรเจ็กต์ IoT ในขณะที่ให้การรักษาความปลอดภัยให้กับข้อมูลสำหรับแอพพลิเคชั่นและบุคคลต่างๆ ได้ง่ายขึ้น

ด้วยประสบการณ์ที่มากกว่า 20 ปีในการสร้างการสื่อสารแบบเครื่องต่อเครื่อง (M2M) ซึ่ง Lantronix เป็นผู้สร้างในการทำให้ลูกค้าสร้างธุรกิจรูปแบบใหม่และระลึกถึงความเป็นไปได้ของอินเตอร์เน็ตในทุกสิ่ง โซลูชั่นการเชื่อมต่อของเราได้รับการปรับใช้กับเครื่องนับล้านเพื่อให้บริการแก่อุตสาหกรรมต่างๆ รวมถึง การอุตสาหกรรม, ด้านเภสัช, การรักษาความปลอดภัย, การขนส่ง, การขายปลีก, การเงิน, สภาพแวดล้อมและรัฐบาล

Lantronix มีสำนักงานใหญ่อยู่ในเออร์ไวน์ แคลิฟอร์เนีย สำหรับข้อมูลเพิ่มเติม โปรดเข้าไปที่ www.lantronix.com
เรียนรู้เพิ่มเติมได้ที่บล็อคของ Lantronix www.lantronix.com/blog การพูดคุยด้านการทำงานร่วมกันในอุตสาหกรรมและการอัพเดทต่างๆ การติดตาม Lantronix ใน Twitter โปรดไปที่ www.twitter.com/Lantronix ดูคลังวิดีโอของเราบน YouTube ได้ที่ www.youtube.com/user/LantronixInc หรือเชื่อมต่อกับเราบน LinkedIn ได้ที่ www.linkedin.com/company/lantronix

สื่อ นักวิเคราะห์และนักลงทุนของ Lantronix โปรดติดต่อ:          
Shahram Mehraban
รองประธานฝ่ายการตลาด
media@lantronix.com
investors@lantronix.com
949-453-7175

© 2018 Lantronix, Inc. สงวนลิขสิทธิ์

Governments should do more to unlock the potential of technology to facilitate tax compliance, says PwC and World Bank report

BEIJING, Nov. 20, 2018 (GLOBE NEWSWIRE) — Tax authorities could do more to realise the full potential of new technology to reduce the tax compliance burdens on taxpayers, according to the 2019 edition of the annual Paying Taxes report, produced by PwC and The World Bank Group.

The report, released today in Beijing, has found that the global average results for the compliance burden for business taxation are almost unchanged across four key measures: time to comply (237 hours); number of payments (23.8); Total Tax and Contribution Rate, or TTCR (40.4%) and Post-Filing index (59.6 out of 100).

Paying Taxes 2019 draws upon a comparison of the taxation of business in 190 economies. The report models business taxation in each economy using a medium-sized domestic case study company.

Paying Taxes 2019 illustrates how developments in tax software, real time reporting systems and data analytics are transforming the capabilities of tax administration. Some advanced economies have continued to improve their systems to the benefit of both taxpayers and tax authorities, recording significant decreases in the time it takes to prepare, file and pay taxes and in the number of payments indicator.

Yet the report notes that the size of the gains in 2017 is relatively small in global terms. The fact that there has been little change to the global average, despite 113 economies introducing tax reforms over the same period, suggests reforms are limited in nature (the report does not include the US tax reforms introduced in 2018 due to data cut-off date for this edition of the Paying Taxes report). It also highlights that implementing new technologies for tax compliance can increase the administrative burden, at least in the short term, and that such implementation requires careful planning and consultation.

China, for example, has pursued a sustained series of reforms in recent years including better communication between tax authorities and taxpayers, new online systems for filing and paying taxes, improved training for tax authorities and taxpayers and integration of different tax systems.

While many economies have made considerable improvements in their tax systems in recent years, the findings also suggest that some economies are finding it difficult to implement online filing and payment due to the lack of IT infrastructure, cultural barriers and complex legislation.

Overall, the findings of Paying Taxes 2019 support trends that have been present since the survey began in 2004:

  • The average time to comply has fallen by 84 hours and the average number of payments by 10.3 since 2004 – both driven by technology
  • In 2017, profit tax TTCR fell in 58 economies and increased in 37, conversely labour tax TTCR fell in 17 economies and increased in 39. This trend of more economies with reductions in the profit tax component of TTCRs and increases in the labour tax component of TTCRs has been seen every year since 2005
  • On average, a VAT refund takes 19.2 weeks in high income economies but over twice as long in low income ones (44 weeks).

The report also explores the impact of differing levels of regulation and skills on the enforcement of tax through tax audits. Audits can vary hugely in their duration and complexity – taxpayers can spend up to 128 hours gathering information for an audit, though for many it takes only a few hours. Improving tax officers’ skills is vital if a well-functioning tax system is to be sustained. 97% of economies offer training to tax officers, but, only 35% of economies provide regular training.

Paying Taxes also notes that governments will need to take account of how new technology affects the nature and patterns of employment and profit generation and the consequent impact on the income streams that are available to be taxed.

Rita Ramalho from the World Bank Group said:

“Technology is transforming the nature of jobs that are available and the skills needed to do them. This in turn is likely to require greater investment in human capital, especially in learning and development. It is therefore vital that governments are able to understand the challenges ahead and how they can build resilience for public finances in the long term. We hope that this report will be of value to all those interested in making tax systems more efficient, whether in government, business, academia or civil society.”

Andrew Packman, leader for Tax Transparency and Total Tax Contribution at PwC said:

This report highlights the extent to which, when implemented strategically, new technology can drive considerable efficiencies for tax authorities and businesses alike. Yet it is also important to remember that improvements to tax systems do not come from technology alone. Simple, coherent, well understood and properly administered tax systems can help to lower the barriers for businesses to move from the informal to the formal sector. This can broaden the tax base and raise revenue without requiring new taxes. To do so, tax professionals and policy-makers need to have access to the correct skills and insight, which technology gains can help to support.

Notes to editors:

Find the full report: at pwc.com/payingtaxes

Follow us on twitter: @PwC

About the World Bank Group
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2018 PwC. All rights reserved

Media contacts:

Sharon O’Connor, PwC
Tel: +16464712326
e:sharon.m.oconnor@pwc.com

Indira Chand at World Bank Group
Phone: +1 202 458 0434
E-mail: ichand@worldbank.org