Breaking news

New Scheme For ISO Standard Against Corruption

by THEFUTURE.TEAM

June 20, 2024

In a significant move to bolster its anti-corruption framework, the Cypriot government has unveiled a scheme to promote the adoption of the ISO 37001 standard among public and private sector organisations. This initiative is part of the broader Recovery and Resilience Plan for Cyprus, allocating €2 million to support approximately 120 entities in implementing the internationally recognised anti-bribery management system.

Strategic Financial Support

The scheme offers financial incentives covering up to 60% of the costs for private sector entities involved in consulting and certification services required for the standard’s implementation. This targeted financial support aims to ease the burden on organisations and encourage widespread adoption of robust anti-corruption practices.

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Detailed Implementation Guide

A comprehensive guide detailing the scheme’s parameters, including eligibility criteria, terms of participation, and maximum sponsorship amounts, is available on the Ministry of Justice and Public Order’s website. This guide serves as a vital resource for organisations seeking to understand and benefit from the initiative.

Government’s Commitment to Anti-Corruption

The government has emphasised the importance of this initiative in its broader anti-corruption strategy. By urging relevant public service departments to participate, the government aims to lead by example and underscore its commitment to transparency and integrity. This initiative is expected to enhance the public sector’s capabilities in preventing and combating corruption, thus fostering a more transparent and accountable governance framework.

Broader Implications and Future Directions

The adoption of the ISO 37001 standard is anticipated to have far-reaching implications for Cyprus. By embedding stringent anti-corruption measures within both public and private sectors, the country aims to enhance its global reputation for business integrity. This move aligns with international best practices, positioning Cyprus as a proactive player in the global fight against corruption.

Moreover, the initiative reflects the government’s broader strategy of integrating international standards to improve governance and foster sustainable economic growth. By ensuring that organisations operate with high ethical standards, Cyprus aims to attract foreign investment and boost economic confidence.

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Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.