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Small Business Funding

Louisiana Ochsner Health employees have delayed payment [Video]

People across the country who bank with Capital One are impacted by a technical issue that is preventing them from accessing their money. Capital One confirmed Thursday that a “technical issue experienced by a third-party vendor” has “temporarily impacted” some of Capital One’s services, including payment processing, deposits and its consumer, small business and commercial banks. Related: Capital One customers face online access issues due to third-party vendor glitch Those issues have reached Southeast Louisiana residents as well. WDSU has received calls from several employees of Ochsner, who say their direct deposit payments were not made as scheduled Friday.Friday afternoon, Ochsner Health updated their statement: With the nationwide technical outage impacting Capital One, we worked with another bank to successfully process our payroll on Friday, January 17. While many of our employees have begun to see direct deposits reflected in their bank accounts, we understand there may be delays for those whose personal accounts are with Capital One and other banks affected by this nationwide outage. Ochsner Health released the following statement about the situation:We are aware of the unfortunate situation impacting those with Capital One, and we are working diligently to minimize the impact to our team. We are working with another bank to process our payroll, and most of our employees should receive their direct deposit today. We understand there may be delays for those employees whose accounts are with Capital One and potentially other affected banks due to the nationwide outage.Ochsner Health is providing employee assistance resources for our team members experiencing financial hardship due to the outage, and we continue to communicate with our team as this situation evolves. Our employees are at the core of what we do, and Ochsner Health is committed to doing everything we can to support our employees during this time.The third-party vendor affected is FIS Global, a provider of financial tech services to a number of major banks, including Capital One. The company said in a statement a power outage was the root of the problem.We are working with impacted clients to finalize the posting of transactions that occurred while systems were offline and expect most, if not all, of that work to be completed today, an FIS spokesperson told CNN.

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Small Business Funding

AD suggests ‘acquisition fee’ could fix transfer portal problems [Video]

The athletic director at a mid-sized school that’s making a splash this season has a modest proposal for taming what many say is a transfer-portal system run amok in college sports.Sean Frazier, the AD at Northern Illinois remember, the team that beat national finalist Notre Dame earlier this season is talking about a “talent acquisition fee.”Video above: This years Heisman finalists are an ode to college footballs portal/NIL era with 3 transfer QBsWhen schools sign players from other teams, they would pay those teams a fee in exchange for the player. It’s not that different from the way transactions go down with what are known as “transfer fees” in European soccer.It’s an idea that Frazier, admittedly, is still sketching out on cocktail napkins. But he thinks it might help the small guys sustain their programs while adding transparency to deals involving some of the 11,000-plus football players across all divisions who enter the portal the terms of some of those life-changing transactions themselves pecked out on cell phones in the middle of the night.”At the end of the day, the kid deserves the compensation and support,” Frazier said in an interview with The Associated Press at the NCAA convention this week. “But the institution, to keep the cycle going, they deserve something as well. We’re not in the situation to continue to do that if we keep losing our best and brightest.”Buoyed by that win over Notre Dame, and a steady string of success over the years, Frazier’s school recently announced it was moving its football program from the Mid-American into the Mountain West Conference starting in 2026.The Mountain West, with champion Boise State in the College Football Playoff this season, is arguably the most formidable of the so-called Group of Five conferences. There are also 129 schools in the FCS the Football Championship Subdivision that is the latest iteration of what used to be called Division I-AA.With the House Settlement set to reshape college sports, allowing institutions to pay players directly while also reshaping roster sizes across all sports, smaller schools like NIU have decisions to make. Namely, will they opt into the revenue-sharing agreements that allow the schools to directly pay the players for their name, image, likeness deals? Or will they stick with the model of having third-party collectives broker those deals?Video below: One-on-one with JSU AD Ashley RobinsonThe schools have until March 1 to decide. Neither choice avoids the stark realities of the new college football: It’s more expensive than it used to be, and big schools will always have the resources to draw in promising players who honed their skills at small schools.Frazier used the example of 285-pound defensive tackle Skyler Gill-Howard, who came to NIU as a walk-on, got better each year, had five sacks for the Huskies this season, then entered the transfer portal and will play his last year of eligibility at Texas Tech.”He did a wonderful job. Our coaching staff did a great job developing him,” Frazier said. “The heartache of it is, he’s gone. From the G5 perspective, we’re fine with the developmental side of things. There’s a certain level of respect there. But this could help institutions like us, where there’s a flat fee, or dollar amount, that’s a show of appreciation for the development of the game.”Any plan like this would face roadblocks aplenty. First off, even though things have moved more quickly in recent years, college sports is traditionally glacial in making big changes.Secondly, as the recent takedowns of the NCAA in court that have led to today’s changes have reiterated, the U.S. court system generally doesn’t like things that restrict players’ ability to make money.It happened to the NFL, too. In the 1970s, a judge declared illegal “The Rozelle Rule,” a rule named after the late commissioner, Pete Rozelle. The rule is similar to Frazier’s idea in that it allowed the league to award draft picks (and sometimes players) from teams that signed players with expired contracts to the teams those players left.In soccer, transfer fees have been the norm in Europe teams essentially pay other teams for players instead of trading for them. It’s an estimated $10 billion market, though a recent court ruling there could lead to anything from tweaks to a full-scale overhaul of that system.”I’d see very little chance for something like that to happen,” Gabe Feldman, a sports law expert at Tulane, said of Frazier’s fee idea. “There are lots of ideas out there, but that doesn’t mean they’ll go into effect.”Though the House Settlement brings college sports closer to a solution on how to pay players, the transfer portal remains a moving target.Video below: Michael Arata talks Tulane NIL collectiveThe leadup to this year’s national title game between Ohio State and Notre Dame brought with it stories of massive movement of players, including from the 12 teams that made the College Football Playoff.Among this season’s biggest headline grabbers were the early season departure from UNLV of quarterback Matthew Sluka, who said promises to pay him $100,000 were not kept. Last year, former Florida QB signee Jaden Rashada sued Gators coach Billy Napier over an unpaid $13 million NIL deal. Rashada now plays at Georgia.More common are accusations of tampering that leads to programs standing by helplessly as players leave without much, if any, warning.”I can’t believe we live in a world where people are making decisions and issuing offers in text messages,” NCAA President Charlie Baker said. “The number of kids who have told me terrible stories about misrepresentation there’s no process, accountability, no transparency.”Frazier, always in search of resources to recruit, develop and, now more frequently, replace players, doesn’t necessarily see his “talent acquisition” fee as a cure-all. But maybe, he says, it’s a start.He points to the NFL, NBA and other pro leagues that have collective bargaining and drafts that set the framework for their sports.”We don’t have that,” he said. “This is one of the guardrails that could get us to the point of acknowledging that, yes, you still can buy your team, but it shouldn’t be the wild, wild west.”

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Small Business Funding

Phoenix business supports LA fire victims with ‘Adopt a Shop’ [Video]

While many of the buildings that burned in the California fires were homes, lots of small businesses were also destroyed. The owners watched their hard work over years reduced to ash. That’s why one Phoenix business started “Adopt a Shop,” giving an LA cafe a home away from home until they get back on their feet. FOX 10’s Nicole Krasean shares more on how this all started.