| Intuit is Changing the Face of Online Banking
The product announcement comes just five weeks after Intuit Inc. (Nasdaq: INTU) completed the acquisition of Digital Insight. Personal FinanceWorks is expected to be released this summer; Small Business FinanceWorks in the fall. These revolutionary new offerings, which will change the face of online banking, are the first in a series of new product introductions planned by Digital Insight and Intuit for the financial institution marketplace. Financial institutions will soon be able to offer better, easier and more integrated financial management tools to their consumer and small business customers, making current online banking tools seem outdated and static. Together, the combined entities will create solutions that solve customer problems in a way that will be tough for others to match.
Bank of America Business Capital Provides $60 Million Asset-Based ...
NEW YORK -- Bank of America Business Capital, one of the worlds largest asset-based lenders, announced today that it funded a $60 million revolving credit facility for EarthColor, Inc., a leading provider of commercial printing services. The asset-based loan will be used to refinance existing debt and provide for ongoing working capital needs. Bank of America will also provide letters of credit and cash management products and services. EarthColor, Inc. is owned by company management and investment firm Allied Capital. "We were looking for a new credit facility that provided liquidity for future acquisitions and organic growth, according to EarthColor CFO Dennis Ganzak. Bank of America Business Capital was able to deliver a fully-underwritten commitment and execute the deal within a tight timeframe.
Paper Paychecks Are So Yesterday
Its payday, and its time to walk the office and disperse the paychecks. That all-American, most-treasured time of the week called payday; and you get to be the hero for the day. But whats this? Where is everyone? Why arent folks crowding around your office, anticipating the time-honored tradition of receiving their hard-earned paychecks? Then you remembertoday begins the time for the digital paycheck.
When it comes to payroll, the number of companies going digital is growing. In 2005, the number of Direct Deposits increased 5.1 percent to more than 4.4 billion payments, according to information released by The Electronic Payments Association in May, 2006. However, most of that growth comes from large companies. In fact, according to a recent survey by the National Federation of Independent Businesses (NFIB), 74 percent of small businesses dont offer their employees direct deposit, most citing that the company is too small to do so.
North Jersey Community Bank Breaks $200 Million in Assets
ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--North Jersey Community Bank (NJCB), the fastest growing bank in New Jersey, announced today that it has surpassed more than $200 million in assets -- another milestone in its remarkable growth story. Since its inception in January of 2005, NJCB has had tremendous success in transforming the banking business by coupling individualized customer service with modern, innovative technology. Just last month, the bank opened its fourth location in Hackensack, N.J. and introduced next-generation "Remote Capture Banking" at all of its locations. "At NJCB we've customized banking," said Frank Sorrentino III, Chairman and CEO of North Jersey Community Bank. "From access to top decision-makers and personalized service to a full-range of products and the latest in advanced technology, we are the complete package to meet all of your financial needs." NJCB offers a complete range of financial services for both personal and business customers, backed by advanced technology.
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