This past Friday, June 16, 2017, SolidTrust Pay is proud to announce that we joined 90 other leading payment processors and online money transfer operators in recognizing the International Day of Family Remittances (IDFR) and signing the IMTC pledge to work together to enhance innovative financial technology, provide greater efficiency and lower costs for a more accessible financial sector to all.
We chose to show our support by making all member-to-member transactions completely free on that day! Below are the results, which we’ve decided to share publicly to inspire and encourage others in our industry to act.
On June 16, 2017, $10,116.62 was sent through SolidTrust Pay in a total of 122 transfers to/from 39 different countries without paying a single cent in fees! The majority of the transfers were made from the UK, Canada, the US, Pakistan and Japan and among the top receiving countries were Serbia and Singapore.
We’re pleased with the results of our first participation event in the IDFR, and we look forward to making an even bigger contribution next year!
SolidTrust Pay plays an integral role in the global money transfer and fin-tech industries. Many of our members use our services to conduct business around the world because we offer some of the best rates and services online. But many of our users also use our services to transfer monies to their families back home — these are called remittances.
On June 16th, we are proud to announce we will be showing our support for the International Day of Family Remittances, as well as our dedication to improving both the lives of our users and the many different countries from which they come.
For a full 24 hours, from 9:00am EST on June 16 to 8:59am EST on June 17, member-to-member transactions will be entirely free! That means you won’t pay a single cent in fees for any transactions between your friends, family or associates. This does not apply to merchant website purchases. Users must be 18 or older in order to create an account, and accounts are restricted to a $250 daily transaction limit until fully verified.
Sign up for a SolidTrust Pay account now and get yourself verified by June 16th to take full advantage of this event!
Our hope is that this will help the people who use our services to support their families back home. We want to see them get ahead right at the start of summer as we head into the growing season for many countries. We want our users to be as successful as possible. Because when one of us grows, we all grow.
So, in solidarity with the International Fund for Agricultural Development (IFAD), we hereby declare that we fully endorse and support the following pledge:
To all IFAD’s Member States,
We, SolidTrust Pay, fully endorse the International Day of Family Remittances (IDFR).
The IDFR was unanimously proclaimed by all 176 IFAD Member States at its Governing Council in February 2015. In December 2016, the General Assembly of the United Nations took note of this proclamation.
June 16 is officially designated as International Day of Family Remittances. The day aims to recognize, and to raise global awareness of the fundamental contribution made by migrant workers to the wellbeing of their families and communities back home, and to the sustainable development of their countries of origin.
Remittances represent one the largest single financial forces for good on the planet. At $445 billion to developing countries, the money sent home annually by migrant workers dwarfs international aid and, in some instances, foreign direct investment too. Remittances also promote financial inclusion and disproportionately benefit both the poor and women in emerging markets. Hundreds of millions of families globally rely on these money flows to keep food on the table and a roof over their heads, and to provide education and better opportunities for the future.
Today is a celebration of the hard work, sacrifice and generosity of international migrant workers. As stakeholders in the remittance industry, we pledge to work together to enhance innovative financial technology, provide greater efficiency and lower the cost for a more accessible financial sector to all in order to enable poor people to control their financial life and to be agents of change.
We call upon governments, regulators, financial institutions and development actors to join forces towards this great achievement.
We are committed to celebrating the power of remittances with people throughout the world.
Happy International Day of Family Remittances
**If you use our services to send family remittances and would like to have your story published on June 16th, please send a message to [email protected]!**
Interested in a career in app development? Apple just made it that much easier to get into! Last Wednesday Apple announced the launch of their app development curriculum for high school and community college students.
Designed by Apple engineers and educators to teach students how to design apps using the iPhone maker’s Swift programming language, the full-year curriculum is available as a free download in Apple’s iBooks store. Many apps you probably use often, such as Airbnb and Yelp, were built using Swift.
According to Apple, “students will learn to code and design fully functional apps, gaining critical job skills in software development and information technology.”
“We’ve seen firsthand the impact that coding has on individuals and the US economy as a whole. The app economy and software development are among the fastest-growing job sectors in America and we’re thrilled to be providing educators and students with the tools to learn coding,” said Tim Cook, Apple’s CEO.
Beginning this fall, six community college systems and select high schools across the U.S. will be among the first to offer the curriculum, including Alabama Community College System, Columbus State Community College, Harrisburg Area Community College, Houston Community College, Mesa Community College and San Mateo Community College District.
In a statement, Apple CEO Tim Cook said “the app economy and software development are among the fastest-growing job sectors in America. We hope these courses will open doors for people of all ages and backgrounds to pursue what they love.”
Knowledge Base Guide:
Two-factor Authentication via the Authy Desktop Application
What is two-factor authentication?
2FA is defined by Authy as having something you know paired with something you have. For example, you likely have a bank card, and in order to use your bank card, you must have a correct PIN when completing transactions. The bank card is something you have and the PIN is something you know. Together, the card and PIN makes for a great two-factor authentication system, which in return protects your money. Authy is used in the same way when you want to use an exchanger or do a Bitcoin withdrawal. Your electronic device is the object you have and the 2FA password is something you know.
Why should I use Authy?
Authy is an alternative way to setup the two-factor authentication. It is commonly a choice for users who cannot or do not want to install a 2FA application on a mobile device.
What is required in order to use Authy?
• A mobile phone/device that is capable of receiving text messages
• A personal computer or tablet
• Google Chrome as the default browser
• A SolidTrust Pay account
How do I install Authy?
1. You can start the Authy download by going to https://authy.com/download/
*Reminder: it is important that you are using Google Chrome to setup Authy; no other browsers will work.
2. The option for desktop will be the second white box, as shown below:
3. Select ‘Get it on Google Play’
4. Once the button has been selected, a page will pop-up. It looks like this:
5. Select ‘Add to Chrome’, located in the upper right-hand corner:
6. Select ‘Add app’ when prompted:
7. The page should change and will show that Authy has now been added to your Apps in Google Chrome:
8. Follow the on-screen prompts when you click on the application. Authy support can be found at https://support.authy.com/hc/en-us if you are having issues with the application itself.
How to enable the 2FA on your SolidTrust Pay account
1. After Authy has been installed, login to your SolidTrust Pay account and go to ‘Security Zone > Two-Factor Auth Settings’:
2. Once on the next page, please read all of the information. You can ignore what is inside of the red box (see below) since this information is for 2FA on a smartphone. Once you have reviewed the entire page, select ‘Start Two-Factor Authentication Setup’:
3. Select ‘Send SMS Confirmation Code’. If you are not receiving the text message, please contact Customer Support at https://support.solidtrustpay.com/
4. Enter the number provided in the text message you received. After, you will then select ‘Enable Two-Factor Auth’:
5. The next page will have the manual setup code (see Figure 1). You will then copy the manual setup code into Authy (see Figure 2).
Figure 1 – Locating the manual setup code.
Figure 2 – A view of a manual setup code in Authy. Select ‘Add Account’ after entering the manual setup code.
6. After the account has been added, choose a logo and provide a name for the account in Authy (see Figure 3). After, select ‘Done’ to close the box. Another box will pop up (see Figure 4) with the account you have added. Select the account and the 2FA password will appear (see Figure 5).
Figure 3 – Selecting a logo and naming the account
Figure 4 – Close the box once your account has been added
(Figure 5, below)
Figure 5 – A new box appears after closing the previous box. Select the account and the 2FA password will appear. Copy and paste this where the 2FA password is required.
*Reminder: the 2FA password changes every 30 seconds. Insert the 2FA password in time after you have copied it or it will not work!