Latest news with #Capture
ITV News
a day ago
- Business
- ITV News
New compensation scheme announced for Post Office Capture victims
Horizon scandal Politics Postmasters who suffered financial shortfalls in the 1990s due to errors of the faulty Capture IT system that preceded the Horizon scandal will be entitled to payouts from a new redress scheme. Capture, which was a precursor to Horizon developed in-house by the Post Office, led to a number of sub-postmasters being accused of 'accounting malpractice', with some having their contracts terminated. Some resigned, while others were prosecuted or had to pay money back. In a move to "right the wrongs of the past", the Department for Business and Trade has announced a new compensation scheme for those affected by the faults of Capture between 1992 and 2000. It follows the government's acceptance of findings from an independent investigation by Kroll Associates, which concluded there was a reasonable likelihood that Capture created financial shortfalls for postmasters. Kroll found that 13.5% of all branches may have used Capture, and that sub-postmasters felt pressured by network and area managers to use the system. Its report also found that legal teams had not been investigating potential "bugs or errors" in the system. At least 40 former sub-postmasters claimed they were wrongly accused of theft due to errors in the Capture system, ITV News reported last year. "Today's announcement represents another important step in righting the wrongs of the past and rebuilding trust in the Post Office," said Post Office Minister Gareth Thomas. The scheme is expected to open for applications in Autumn 2025, with an initial phased rollout for 150 claimants to ensure the process is fair, proportionate and accessible before wider implementation. It comes as the government confirmed that £1 billion has been paid out in compensation to over 7,300 postmasters affected by the Horizon IT scandal, and the opening of the Horizon Shortfalls Scheme Appeal process in May. The Capture Redress Scheme has been designed to address cases dating back over two decades, where documentation that can be used as evidence may be limited. It will include a " straightforward two-stage process", according to the government, comprising of an initial eligibility review followed by an independent panel assessment. A "holistic" approach to assessments will be taken, considering both financial losses and the wider personal impact on postmasters. The government says the scheme will also include prompt preliminary payments for eligible claimants, ensuring early acknowledgement of loss, and a guided scoring and banding model for "consistency in awards, while maintaining flexibility". Hudgell Solicitors says it is acting on behalf of more than 100 former sub-postmasters prosecuted, sacked or made to pay back alleged branch shortfalls when using the Capture accounting system. Of those cases, more than 30 are being led by relatives of former sub-postmasters who have since died, the firm said in February. They include Mark Lloyd-Holt and his mother, Agnes, who are pursuing justice on behalf of Agnes' late husband Peter, who died in 2021, aged 75, without ever having the opportunity to clear his name. He was sacked from his role as sub-postmaster of his Bolton Post Office in 1994 after accounts at his branch showed unexplained shortfalls, with his family saying the impact of all that happened "destroyed" him and left him a "shell of himself". Following a meeting with the government in February to discuss the second Post Office IT scandal, Neil Hudgell, of Hudgell Solicitors, said: "We will get redress and justice for those whose lives were affected by Capture. "There are potentially hundreds affected, and sadly a large number are likely to be people who are no longer with us, and died without ever being able to clear their name. "Our message is that people shouldn't be put off by having a lack of documentation. "If they know or suspect that they, or family members were affected by accounting issues between 1992 and 1999 which may have been due to Capture, they should come forward. "That certainly includes family members acting on behalf of loved ones who have since passed away." Who can apply to the Capture compensation scheme? Postmasters are eligible to apply if they:
Sky News
a day ago
- Politics
- Sky News
Post Office scandal redress must not only be fair - it must be fast
"Exonerate and acknowledge" say victims of the Post Office Capture scandal. And it's easy to see why patience is wearing thin. To understand what happened with Capture, you must first understand Horizon. Both scandals centre not on flawed software alone, but how the Post Office reacted to it. 11:28 A business that used its powers to privately prosecute sub-postmasters, forcing them to pay back unexplained accounting shortfalls. Any suggestion that the system itself was at fault was dismissed. Capture is not a separate scandal - it's part of the same one. That's why Capture victims now want "parity" with Horizon victims when it comes to redress and exoneration. "It should now be a given," says Steve Lewis, who was sacked from his job as a sub-postmaster after raising concerns about shortfalls linked to Capture software. The government has promised an Autumn 2025 redress scheme. But Steve wants proposed interim payments to be "paid swiftly due to demographics, age, and well-being of the Capture group". And beyond compensation lie even more urgent demands: for those wrongfully convicted under Capture to be exonerated. Many of these individuals remain ineligible for redress, their names still tarnished. They're calling for blanket exonerations - just as in the Horizon scandal - to finally quash their convictions. The judiciary will push back, undoubtedly, against this. But, as Steve puts it, "time is not on our side" for redress and exoneration. Too many Capture victims have already died without ever knowing justice - as have many Horizon victims. If governments have learned anything over the years, it's this: justice delayed is justice denied.
Yahoo
a day ago
- Business
- Yahoo
Post Office scandal: Compensation scheme for Capture victims announced
The government has announced a compensation scheme for postmasters who suffered financial shortfalls due to a faulty Post Office IT system that preceded the Horizon scandal. The Capture software was a faulty computer system used by postmasters in more than 2,000 branches in the 1990s. It comes as Sky News revealed that a damning report into the system has been unearthed after nearly 30 years and could help overturn criminal convictions. In a statement, the government said it would "provide fair compensation" for those who suffered financial shortfalls due to the Capture software between 1992 and 2000. The scheme is expected to open for applications in Autumn 2025 and will have an "initial phased rollout" for 150 claimants to ensure the process is "fair, proportionate and accessible before wider implementation". Post Office minister Gareth Thomas said: "We are committed to delivering fair and swift redress for all postmasters affected by Post Office software failures. "Today's announcement represents another important step in righting the wrongs of the past and rebuilding trust in the Post Office." Read more from Sky News: The government said all eligible claims will be reviewed by an independent panel of experts operating entirely separately from the government. It said the panel will take a holistic view of each claim, avoiding drawn-out legal processes and providing fair redress even where evidence is low. It will also use a balance of probabilities standard of proof, recommend appropriate payment levels and provide claimants the right to appeal in certain circumstances.
Yahoo
11-06-2025
- Business
- Yahoo
Zeolitic Imidazolate Frameworks Dominate MOF Product Type, Driving CO2 Capture Efficiency
The global Metal-Organic Framework (MOF) for CO2 Capture market is expanding swiftly, addressing climate change. MOFs excel in CO2 adsorption from key sectors such as power, cement, steel, and oil. Regulatory pressure worldwide speeds MOF adoption, aided by synthesis advancements improving scalability and cost. North America, Europe, and Asia-Pacific drive market growth through supportive policies and R&D investments. Although facing challenges like high costs and competition, MOFs are pivotal in decarbonization efforts. Prominent players, including BASF and novoMOF AG, fuel innovation and market expansion with strategic collaborations and investments. Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Metal-Organic Framework (MOF) for CO2 Capture Market - A Global and Regional Analysis: Focus on End-Use Industry, Product Type, Process, and Country Level Analysis - Analysis and Forecast, 2025-2034" report has been added to global Metal-Organic Framework (MOF) for CO2 Capture market is rapidly gaining traction as a vital solution in the fight against climate change. MOFs, known for their high surface area and selective adsorption capabilities, provide an efficient method to capture CO2 emissions from key sectors such as power generation, cement, oil and gas, and steel. Increasing regulatory pressures worldwide to reduce greenhouse gas emissions are accelerating the adoption of MOF-based technologies. Advances in MOF synthesis have improved scalability and cost-effectiveness, facilitating integration with Carbon Capture, Utilization, and Storage (CCUS) and Direct Air Capture (DAC) America, Europe, and Asia-Pacific dominate market growth, supported by supportive policies and significant R&D investments. Despite challenges like high production costs and competition from other carbon capture methods, MOFs represent a promising technology poised to play a critical role in global decarbonization efforts and the transition toward a sustainable low-carbon Framework (MOF) for CO2 Capture Market: Lifecycle StageThe Metal-Organic Framework (MOF) for CO2 Capture market is currently in the growth stage of its lifecycle. Having moved beyond initial research and development phases, MOF technologies are witnessing increasing commercial adoption, particularly in carbon-intensive industries such as power generation, cement, and steel manufacturing. The market benefits from rising environmental regulations and growing corporate commitments to sustainability, which fuel demand for effective CO2 capture innovation and scalability improvements characterize this phase, as companies refine MOF synthesis methods to reduce costs and enhance capture efficiency. Strategic partnerships, pilot projects, and early commercial deployments are increasingly common, signaling market maturation. However, challenges related to large-scale manufacturing, integration with existing infrastructure, and competition from traditional capture technologies mean the market is not yet in full the MOF for CO2 Capture market is positioned for accelerated expansion, moving steadily toward widespread commercialization and adoption as part of global decarbonization efforts. In the metal-organic framework (MOF) for CO2 capture market, North America leads due to advanced regulatory frameworks, significant R&D investment, and early adoption of MOF technologies in carbon-intensive industries. The U.S., in particular, drives growth through policy incentives and pilot projects. The following are the demand drivers for the global metal-organic framework (MOF) for CO2 capture market: Rising Industrial CO2 Emissions Stringent Environmental Regulations The global metal-organic framework (MOF) for CO2 capture market is expected to face some limitations as well due to the following challenges: High Production and Operational Costs Technological Maturity and Scale-up Challenges Key Market Players and Competition SynopsisThe global Metal-Organic Framework (MOF) for CO2 Capture Market is led by prominent players driving technological innovation and market expansion. Key companies include BASF, novoMOF AG, MOF Technologies Ltd. (now Nuada), framergy, Inc., Promethean Particles Ltd, Baker Hughes Company (Mosaic Materials Inc.), Atomis, Inc., MOFWORX, and Immaterial Ltd. These players compete through diversified MOF product portfolios such as Zeolitic Imidazolate Frameworks and MIL-series MOFs, focusing on applications across industries like power generation, cement, and oil & collaborations and R&D investments underpin their efforts to enhance MOF performance, reduce costs, and scale Carbon Capture, Utilization, and Storage (CCUS) and Direct Air Capture (DAC) processes. This competitive ecosystem accelerates the deployment of MOF-based CO2 capture solutions, reinforcing their critical role in global decarbonization prominent names established in this market are: BASF Baker Hughes Company (Mosaic Materials Inc.) novoMOF AG MOF Technologies Ltd. (now Nuada) framergy, Inc. Promethean Particles Ltd Atomis, Inc. MOFWORX Immaterial Ltd. Key Topics Covered:1. Markets: Industry Outlook1.1 Trends: Current and Future Impact Assessment1.2 Supply Chain Overview1.3 R&D Review1.4 Regulatory Landscape1.4.1 Policies and Regulatory Frameworks on Carbon Capture, Utilization, and Storage (CCUS) in Developing and Developed Economies and Prospects1.5 Stakeholder Analysis1.6 Market Dynamics Overview1.7 Analysis of CO2 Emissions by Major Industries1.8 Analysis of CO2 Capture Technologies1.8.1 Absorption Technology1.8.2 Chemical Reaction-Based Technology1.8.3 Adsorption Technology2. Metal-Organic Framework (MOF) for CO2 Capture Market (by Application)2.1 Application Segmentation2.2 Application Summary2.3 Metal-Organic Framework (MOF) for CO2 Capture Market (by End-Use Industry)2.3.1 Power Generation2.3.2 Cement Industry2.3.3 Oil and Gas Industry2.3.4 Iron and Steel Industry2.3.5 Others3. Metal-Organic Framework (MOF) for CO2 Capture Market (by Product)3.1 Product Segmentation3.2 Product Summary3.3 Metal-Organic Framework (MOF) for CO2 Capture Market (by Product Type)3.3.1 Zeolitic Imidazolate Frameworks (ZIFs)3.3.2 MOF-74 Series3.3.3 MIL-Series MOFs3.3.4 UiO-Series MOFs3.3.5 Others3.4 Metal-Organic Framework (MOF) for CO2 Capture Market (by Process)3.4.1 Carbon Capture, Utilization, and Storage (CCUS)3.4.2 Direct Air Capture (DAC)4. Metal-Organic Framework (MOF) for CO2 Capture Market (by Region)4.1 Metal-Organic Framework (MOF) for CO2 Capture Market (by Region)4.2 North America4.2.1 Regional Overview4.2.2 Driving Factors for Market Growth4.2.3 Factors Challenging the Market4.2.4 Application4.2.5 Product4.2.6 North America Metal-Organic Framework (MOF) for CO2 Capture Market (by Country)4.2.6.1 U.S.4.2.6.2 Canada4.2.6.3 Mexico4.3 Europe4.3.1 Regional Overview4.3.2 Driving Factors for Market Growth4.3.3 Factors Challenging the Market4.3.4 Application4.3.5 Product4.3.6 Europe Metal-Organic Framework (MOF) for CO2 Capture Market (by Country)4.3.6.1 Germany4.3.6.2 France4.3.6.3 U.K.4.3.6.4 Italy4.3.6.5 Spain4.3.6.6 Rest-of-Europe4.4 Asia-Pacific4.4.1 Regional Overview4.4.2 Driving Factors for Market Growth4.4.3 Factors Challenging the Market4.4.4 Application4.4.5 Product4.4.6 Asia-Pacific Metal-Organic Framework (MOF) for CO2 Capture Market (by Country)4.4.6.1 China4.4.6.2 Japan4.4.6.3 India4.4.6.4 South Korea4.4.6.5 Rest-of-Asia-Pacific4.5 Rest-of-the-World4.5.1 Regional Overview4.5.2 Driving Factors for Market Growth4.5.3 Factors Challenging the Market4.5.4 Application4.5.5 Product4.5.6 Rest-of-the-World Metal-Organic Framework (MOF) for CO2 Capture Market (by Region)4.5.6.1 South America4.5.6.2 Middle East and Africa5. Companies Profiled5.1 Next Frontiers5.2 Geographic Assessment5.3 Company Profiles BASF Baker Hughes Company (Mosaic Materials Inc.) novoMOF AG MOF Technologies Ltd. (now Nuada) framergy, Inc. Promethean Particles Ltd Atomis, Inc. MOFWORX Immaterial Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
09-06-2025
- Business
- Associated Press
Optimal Blue Launches New Lead Generation Tool for Originators
- Capture for Originators helps lenders approach borrowers at the right time with 'makes sense' refinance scenarios - PLANO, Texas, June 9, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced a new product that helps originators efficiently track and identify refinance opportunities so they can reengage borrowers with eligible refinance options at the right time. Available to Optimal Blue PPE users, Capture for Originators dramatically reduces the manual effort loan officers currently spend evaluating refinance potential by automatically analyzing entire portfolios each month and putting recapture opportunities directly into originators' hands. 'Instead of expecting originators to review all of their past clients to find refinance opportunities, we have given them a solution that automatically identifies an opportunity, provides pricing options and generates a presentation to the borrower,' said Mike Vough, head of corporate strategy at Optimal Blue. 'Capture gives originators an efficient, data-driven way to identify borrower savings and turn that opportunity into reality.' Capture for Originators goes far beyond basic rate alerts. It provides a user-friendly dashboard that surfaces closed loans with refinance potential, complete with break-even calculations for multiple scenarios, closing cost estimates and borrower savings analysis. By automatically factoring in lender fees and current pricing from the Optimal Blue PPE, Capture helps loan officers act quickly and accurately without spreadsheets or manual data pulls. Once an opportunity is identified, Capture for Originators generates pre-filled borrower outreach emails that include an easy-to-read summary of available refinance options backed by the industry-leading accuracy of the Optimal Blue PPE along with a link to the lender's point-of-sale experience or borrower intake form. The tool also streamlines an originator's ability to evaluate new refinance prospects. Loan officers can input referral details directly within the Capture for Originators interface, as well as send an intake form directly to new prospects, making it easy to start the conversation with referred borrowers and instantly analyze their existing loan. An activity log tracks all borrower outreach history. Developed in partnership with Uplist, a leading SaaS platform for the real estate industry, Capture for Originators includes all the data sources loan officers need to assess refinance potential. That includes automated valuation models (AVMs), county records and live pricing elements, including branch and originator margins and concessions – all integrated out of the box. With this data in place, lenders can deliver personalized refinance offers without the complexity and cost of managing external integrations or market-tracking tools. 'Our approach at Uplist is all about giving originators more efficiency and accuracy, and we are thrilled to partner with Optimal Blue to make these benefits accessible to more originators,' said Jeff Bell, president of Uplist. 'Rather than spending up to 30 minutes manually evaluating each loan and creating presentations, originators can now rely on Capture for Originators to identify refinance opportunities they might otherwise miss – and deliver them to clients with minimal effort.' To begin taking advantage of Capture for Originators, Optimal Blue PPE users should contact their Client Services representative or [email protected]. About Optimal Blue: Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry's only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit LOGO link for media: NEWS SOURCE: Optimal Blue ### MEDIA ONLY CONTACT: (not for publication online or in print) Leslie W. Colley Depth for Optimal Blue [email protected] ### Keywords: Mortgage, Optimal Blue, Lead Generation Tool, Mortgage Loan Originators, PLANO, Texas This press release was issued on behalf of the news source (Optimal Blue) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P126784 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
