2011年8月31日 星期三

Alpari to be Platinum Sponsor of the Futures and Forex Expo

For the second year in a row, Alpari (US) is the Platinum sponsor of the Futures and Forex Expo which will take place from September 22 to 24, at Caesar’s Palace in Las Vegas.

Alpari (US) will be in the Exhibit Hall Booth #201, where visitors can interface with experts demonstrating Alpari platforms including, MT4, Alpari Direct and Direct Pro powered by Currenex, and the newest platform, AlpariFX Options. Access to Alpari’s expert research tools, Autocharist and Trading Central, will also be onsite. Visitors can register for a free demo account and spin a prize wheel for a chance to win live trading accounts, and Alpari branded products and services. There will also be a raffle for a chance to win an iPad 2.

Alpari (US) will present sessions led by forex industry experts Raphael Savrnoch, the new Senior Vice President of Business Development at Alpari (US), and Robert J. Seifert, a principal with AbleDelta. Some of the topics to be covered include: Trading Systems 101, Market Crisis and the Psychology of Forex Trading. Savrnoch and Seifert will also be participating in two panel discussions; Seifert in “Everything You Ever Wanted to Know About Futures but Were Afraid to Ask” and Savrnoch in “The Forex Market: Expert Insight and Strategies.”

Alpari (US), LLC was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is dually registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and a Retail Foreign Exchange Dealer and has been a member of the National Futures Association (NFA) since 2007, Member ID: 0379678. Alpari (US) is an independent entity within the group of Alpari companies.
With a history dating back to 1998, the Alpari companies (“Alpari”) are among the world’s fastest growing providers of online foreign exchange (“FX”, “Forex”) trading services. The group of Alpari companies has more than 50 offices in cities in over 20 countries, including London, New York, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over 540,000 customer accounts*, generating monthly trading volumes in excess of $210 billion*, and employ over 620 people* worldwide.
Trading foreign exchange, commodity futures, options, and other on-exchange and over-the-counter products carries a high level of risk and client losses can exceed deposits. These products may not be suitable for all investors.


2011年8月30日 星期二

Merchant Processing Company Welcomes High Risk Accounts

Florida-based merchant processing company, Commersense, is welcoming high risk accounts to its client base.

"We are taking the steps to ensure that all merchants operating within the laws of this country are able to process credit cards and electronic transactions. Unfortunately, with the state of the economy, many merchant providers are taking a very conservative approach to underwriting high risk merchant account. Some merchants are being considered high risk, despite the fact that they have done nothing wrong," states Christopher Kille, President of Commersense.

As many providers back away from higher risk accounts, Commersense is welcoming them to their network of financial institutions across the United States.  Founded in 2006, Commersense is a full service business solutions provider offering merchant processing services, credit card equipment sales and leasing, merchant cash advances, payroll and employee benefits and more.

Commersense assists high risk accounts in finding the best rates for processing payment transactions and offers efficient solutions for credit and debit transactions, online transactions, check processing, payroll services and mobile-based transactions.

Kille added, "An account can be deemed as high risk simply because of the industry it is in. It's rewarding to know that we can help people live out their dreams of owning and operating a business, regardless of what industry they are doing business in.  We have programs in place that protect our financial institutions and allow these merchants to conduct normal business without being limited by unnecessary restrictions and limitations."

Commersense serves a number of small businesses within the United States, and is capable of serving international clients. The company specializes in providing services that protect the client against account closure. Accounts placed within the past few months have included clients within the following industries: debt collection, travel and timeshare resale, online pharmaceuticals, nutraceuticals, and credit repair. Commersense provides custom priced solutions based on the clients' merchant needs.

2011年8月29日 星期一

Will ModoPayments Finally Monetize Check-In?

Based in Dallas, Texas and led by CEO Bruce Parker, ModoPayments is a startup with a goal to do exactly what their tagline says – “convert redemptions to payments and make payments mobile”. What exactly does that mean? First, know that ModoPayments definitely has a payments piece and I’ll come to that in a moment, but a supremely important part of their business plan is creating and tying value offers to the purchases they enable in order to enhance and promote their mobile payments solution. They create monetary savings that users can cash in on if they transact with ModoPayments instead of another tender.

It has often been stated that mobile payments are a solution searching for a problem. Indeed, what is the big deal about pulling a card out of your wallet vs. pulling your phone out of your pocket, to transact? Where is the value to drive the mobile payment other than convenience?

Modo thinks it has to do with offers and they have integrated a framework for redeeming merchant offers with their payments platform. This makes sense to me. If I had to choose between paying with my Visa card in my wallet or my Visa on my phone (that also happens to give me a big discount on the purchase) I think the choice is obvious. So right out of the gate, ModoPayments has tied a distinct consumer value proposition to their service in order to drive usage (they hope). Google Wallet has a similar concept. It will definitely be a motivator.

Jay Donovan is a writer and mobile strategy professional based in Columbus, Ohio. He has written for the TechCrunch network since 2009. You can reach reach him at jaydonovan at crunchgear dot com. → Learn More
modoFront
modoFront

ModoPayments’ simple and comprehensive solution for providing mobile payments is interesting and what’s more, its offer-based approach may have finally cracked the code for monetizing check-ins. This is something that mobile location-based service providers (LBSs) like Foursquare, Loopt, Gowalla and ShopKick have, no doubt, been laboring over since their inceptions. And while ModoPayments is, at present, a non-NFC mobile payments platform, they plan to integrate with NFC too, when NFC reaches retail maturity.

Based in Dallas, Texas and led by CEO Bruce Parker, ModoPayments is a startup with a goal to do exactly what their tagline says – “convert redemptions to payments and make payments mobile”. What exactly does that mean? First, know that ModoPayments definitely has a payments piece and I’ll come to that in a moment, but a supremely important part of their business plan is creating and tying value offers to the purchases they enable in order to enhance and promote their mobile payments solution. They create monetary savings that users can cash in on if they transact with ModoPayments instead of another tender.

It has often been stated that mobile payments are a solution searching for a problem. Indeed, what is the big deal about pulling a card out of your wallet vs. pulling your phone out of your pocket, to transact? Where is the value to drive the mobile payment other than convenience?

Modo thinks it has to do with offers and they have integrated a framework for redeeming merchant offers with their payments platform. This makes sense to me. If I had to choose between paying with my Visa card in my wallet or my Visa on my phone (that also happens to give me a big discount on the purchase) I think the choice is obvious. So right out of the gate, ModoPayments has tied a distinct consumer value proposition to their service in order to drive usage (they hope). Google Wallet has a similar concept. It will definitely be a motivator.

The platform makes it possible to, in the words of Bruce, “generate a mobile payment transaction at any location that accepts either Visa or MasterCard with no change to POS and no change to the phone that uses ModoPayments.” It can exist as an SMS or native app solution; customers can choose either touchpoint.

I’ve heard this one before, but their scenario is really simple and honestly sounds like it might work.

First, a customer creates an account at the ModoPayments website and registers a credit card with that account. When it later comes time to pay for something at a participating location, the customer texts “VISIT” to the Modo short code or else they check-in with the Modo native app. (In the text scenario, Modo will try to triangulate on a customer’s network location. If they can’t locate them, ultimately they will just ask the customer via text—‘are you at X location’ and via process of elimination, locate them).

After Modo have verified that the location matches up with a supporting offer, they will create a randomized credit account number for that location which is good for one transaction only. They then load it with money that the merchant or other 3rd party has set aside for the specific offer.

Next, they will grab the difference still needed to complete the sale from the customers registered credit card. In essence, they are creating pre-paid card numbers that will only work for a limited time and that are loaded with money from both the offer provider and the customer.

Then, they send half of the account number to the merchant and half of the number to the customer. The two sides combine their numbers to create the actionable account number to complete the transaction. (The merchant half of the number may or may not be static and therefore might not even need to be sent).

Pretty tricky. So here they have tied a distinct merchant value proposition to their service—no costly POS change required plus a mobile marketing channel.

2011年8月28日 星期日

Merchant Processing Company Welcomes High Risk Accounts

"We are taking the steps to ensure that all merchants operating within the laws of this country are able to process credit cards and electronic transactions. Unfortunately, with the state of the economy, many merchant providers are taking a very conservative approach to underwriting merchant accounts. Some merchants are being considered high risk, despite the fact that they have done nothing wrong," states Christopher Kille, President of Commersense.

As many providers back away from higher risk accounts, Commersense is welcoming them to their network of financial institutions across the United States.  Founded in 2006, Commersense is a full service business solutions provider offering merchant processing services, credit card equipment sales and leasing, merchant cash advances, payroll and employee benefits and more.

Commersense assists high risk accounts in finding the best rates for processing payment transactions and offers efficient solutions for credit and debit transactions, online transactions, check processing, payroll services and mobile-based transactions.

Kille added, "An account can be deemed as high risk simply because of the industry it is in. It's rewarding to know that we can help people live out their dreams of owning and operating a business, regardless of what industry they are doing business in.  We have programs in place that protect our financial institutions and allow these merchants to conduct normal business without being limited by unnecessary restrictions and limitations."

Commersense serves a number of small businesses within the United States, and is capable of serving international clients. The company specializes in providing services that protect the client against account closure. Accounts placed within the past few months have included clients within the following industries: debt collection, travel and timeshare resale, online pharmaceuticals, nutraceuticals, and credit repair. Commersense provides custom priced solutions based on the clients' merchant needs.

2011年8月25日 星期四

Winmill to Appear

In pursuit of its investment objective, the Fund invests at least 65% of its total assets in (i) securities of companies primarily involved, directly or indirectly, in the business of mining, processing, fabricating, distributing or otherwise dealing in gold, silver, platinum or other natural resources and (ii) gold, silver, and platinum bullion.  Up to 35% of the Fund's assets may be invested in securities of companies that derive a portion of their gross revenues, directly or indirectly, from the business of mining, processing, fabricating, distributing, or otherwise dealing in gold, silver, platinum, or other natural resources, in securities of selected growth companies, and fixed income securities of any issuers, including U.S. government securities.

Peritus capitalizes on opportunities in the corporate bond and loan market, with a focus on the non-investment grade asset class. We generally target securities that offer what we view as a high current yield and have the potential to generate capital appreciation. These bonds and loans are principally sourced from the public, secondary market.  We believe that our value based approach is distinctive and that we add value for our clients via our extensive credit work, internally generated research, and active trading.  Peritus manages traditional separate high risk merchant account, pooled assets, and structured product portfolios, allowing investors to participate in our asset class in a way that meets their needs. 

Previous guests of Tim Connolly's Winning Strategies (formerly Corporate Strategies) have included CNBC "Mad Money" Host Jim Cramer, Gamco's Mario Gabelli, Muriel Siebert, U.S. Senator and Presidential Candidate John McCain, Texas oilman Lester Smith, ATP Oil & Gas CFO Albert Reese, Envision Capital Management CEO Marilyn Cohen, CEO of Huntsman Corporation Jon M. Huntsman, Consolidated Graphics CEO Joe Davis, Enterprise Products CEO Dan Duncan, Celgene's CEO John Jackson, Landry's CEO Tilman Fertitta, former Compaq CEO Eckard Pfeiffer, Money Manager Louis Navellier, former SEC Chairman Arthur Levitt, Changewave's Tobin Smith and many others.

2011年8月24日 星期三

Offshore Processing dot Com specializes in Secure

San Jose, Costa Rica - Leading payment processor Offshore Processing dot Com has long been committed to providing the highest level of service and security for online merchants around the globe, with advanced offshore credit card processing solutions.

"The concept of processing credit card transactions offshore needed some time to mature and bloom fully. Having been in this business for more than a decade and having assisted hundreds of entrepreneurs, businesses, and multinationals in establishing offshore credit card processing facilities, we know that it's on the rise and only prudent in today's globalized economy," said Ron Mendelson, Partner at Offshore Processing dot Com. "With our PCI secure e-commerce credit card processing services, our merchants have yet one more tool to protect their business from fraud while accepting payments from their customers online.”

The use of APIs make integrating the offshore merchant account with virtually any shopping cart system a breeze and allow customers to make payments through the merchant’s website directly in real-time.

"Offshore Processing dot Com has the relationships, experience and expertise to provide advanced high risk merchant account and payment processing solutions for virtually any kind of business, be it traditional e-commerce or what some would call high risk such as Adult Entertainment," said Mendelson. "We are committed to providing unrivaled payment support to merchants and their customers, for the lifetime of their relationship with us. To put it simply, we make offshore credit card processing safe, fast and easy all without sacrificing service."

2011年8月23日 星期二

Credit Card Processing Service Blog Started

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For all organizations, creating a credit card processing account is an important piece of business. These credit card processing accounts are created everyday by tens of thousands of organizations all over the USA. A merchant processing account enables a business’ customers to utilize a valuable choice when buying something; rather than using their available monies on hand, many customers might rather put the purchase on short term credit. Statistics show that almost seventy percent of sales are made in this manner and this number is only going to continue to grow.

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2011年8月22日 星期一

Setting Up a High Risk Merchant Account

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2011年8月21日 星期日

SunTrust CEO defends new debit card fees

In what many banks called a “$12 billion-a-year gift to retailers,” a deal to slash fees that retailers pay banks when shoppers use a debit card got passed by Congress last year as part of President Barack Obama’s financial overhaul package.

In response, Atlanta-based SunTrust Banks Inc., among a handful of other banks, introduced $4 and $5 debit cards fees for checking-account customers.

In an interview with Tennessean finance reporter Bobby Allyn, regional president and CEO of SunTrust, Rob McNeilly, said the bank had no choice but to look for other ways to make up for lost profits as the rules changed for how banks operate.

He said the decision was carefully vetted through customer surveys, so he doesn’t expect a vigorous backlash from consumers.

Meanwhile, SunTrust’s stock is down nearly 40 percent for the year through Thursday’s close on Wall Street. SunTrust opened the year with shares trading just shy of $30. The stock closed Thursday at $17.71 per share on the New York Stock Exchange.

Many bank stocks have been battered amid skittishness among investors about the national economy and weak consumer and business loan demand.

In March, SunTrust did pay back the $4.85 billion in federal bailout money it had received under the Troubled Asset Relief Program at the height of the U.S. financial meltdown.

The bank’s loan volumes are up slightly from a year ago, even as regulators pore over all financial institutions’ books with increased toughness these days as the industry tries to recover.

Small business, commercial and private wealth lending have been SunTrust’s recent focus, McNeilly said. Here’s what he had to say on other topics — ranging from the housing market’s condition to local competition among lenders.

What can you say about the regional housing market’s recovery?

In the Southeast, home prices never increased as much as they did in other parts of the country during the boom. So when the bubble popped, it, too, wasn’t as drastic as it could have been. And the Southeast continues to have strong population and job growth. Compared to the rest of the country, the Southeast looks pretty strong right now.

SunTrust and other regional banks are testing out debit card fees. Can you comment on the timing of these programs?

It’s a result of one revenue stream being diminished, the interchange fee (high risk merchant account fee). As an organization or a business, if you’re going to be taking (in) less revenue, you can’t have the same expense costs. So, banks are getting creative.

Do you fear that the new debit card fees will hurt lower-income customers?

Our clients can choose whether or not they want to use debit cards. If you use it as an ATM card, there’s no charge. We will have options available so our clients can minimize or avoid incurring fees.

Nashville is one of the leading regional banking hubs in the country. Is it hard to compete in this environment?

When you consider Rutherford County along with the Nashville area, there are about 65 bank (flagship operations). That’s almost double the flagship banks in Raleigh, N.C., which is a comparable market. When you have this many providers, you have to ask: How many is enough?

I have a friend in the contracting business, and he tells me about bidding on jobs with almost no profit margin, and the person walks away. How did anyone bid lower than that? That same thing happens in our business with competitors doing some serious risk-taking to stay ahead.

Where has SunTrust seen the greatest opportunities for loan growth?

The SBA (U.S. Small Business Administration) recently changed some guidelines to increase loan amounts to clients. We saw this as an opportunity, and last year, we were the (top) lender in the Nashville marketplace for SBA. One of the loans we made was for $3.4 million, which wouldn’t have been allowed under old rules.

But whether it’s millions or $400,000, the underwriting is the same and credit-worthy borrowers will get the money they need. But there is a lot of scrutiny.

You need to remember one thing: We’re lending our depositors’ money. And 100 percent of them expect that money back, so we have to be almost perfect in our lending decisions.

Some regional banks in Middle Tennessee have stepped up financing for multifamily projects. Has SunTrust contributed to this upswing in local multifamily lending?

Our commercial real estate world is not limited to multifamily. We’ve been involved in many high-profile projects in the area, including office buildings, retail centers, condo projects. But with the number of banks competing for the same lending opportunities, some banks are willing to structure loans differently. We tend to take a more conservative view. There’s only so much demand with an oversupply.

What explains your stock’s volatility and the recent wild swings on Wall Street, particularly with other financial industry stocks?

We feel like we are in a low-growth environment. We, as an industry, have to adjust to the fact that top-line revenue is being cut. So, if we continue to spend at the same pace, earnings will continue to drop.

More regulatory scrutiny typically means more costs. It’s not like Uncle Sam is handing us a million dollars to handle compliance expenses. We’re all waiting for normalized earnings.

Do you think public opinion still treats banks with heavy skepticism?

In the national press, banks have taken a hit to their reputation. One of the things we’re trying to do is overcome that perception with a dose of reality.

Our employees are volunteering with United Way and other organizations and getting paid for up to 16 hours of their volunteer work. We believe in the quality of life in Nashville, and we hope that can translate into giving back to the community.

Bank of America announced on Friday plans to cut 3,500 jobs nationwide. What does this say of the industry?

From an industry standpoint, when your topline revenue growth is challenged, you tend to look for places to cut cost. Let’s say revenue is growing 5 percent but expenses are at 6 percent. That’s sort of like the predicament we’re in.

2011年8月19日 星期五

AnyMeeting integrates PayPal service

Huntington Beach-based AnyMeeting, the free online web-based seminar (webinar) and conferencing site, recently revealed that it is now incorporating PayPal into its services. The new integration will allow users to sell tickets and collect revenue from their webinars.

AnyMeeting users who have a confirmed PayPal Merchant account can utilize this service as a way to sell their live events in addition to their recorded products. The company boasts that this cutting-edge, new ticketing forum is an ideal way for customers to earn money off their online seminars.

PayPal, an online payment service, will be included directly into AnyMeeting’s webinar invitation system. The users can determine ticket prices and discount code options. When people register for various seminars they will pay using their PayPal account or credit card. All sales go directly to the specific user who planned the webinar.

“We are always listening to our users, and being able to sell access to their webinars has always been a top requested feature,” said Costin Tuculescu, president and CEO of AnyMeeting. “We’re very happy to now offer our users a safe and secure way to make money from the content they produce and help them increase their bottom line.”

2011年8月15日 星期一

Merchant Processing Company Welcomes High Risk Accounts

Florida-based merchant processing company, Commersense, is welcoming high risk accounts to its client base.

"We are taking the steps to ensure that all merchants operating within the laws of this country are able to process credit cards and electronic transactions. Unfortunately, with the state of the economy, many merchant providers are taking a very conservative approach to underwriting merchant accounts. Some merchants are being considered high risk, despite the fact that they have done nothing wrong," states Christopher Kille, President of Commersense.

As many providers back away from higher risk accounts, Commersense is welcoming them to their network of financial institutions across the United States.  Founded in 2006, Commersense is a full service business solutions provider offering merchant processing services, credit card equipment sales and leasing, merchant cash advances, payroll and employee benefits and more.

Commersense assists high risk accounts in finding the best rates for processing payment transactions and offers efficient solutions for credit and debit transactions, online transactions, check processing, payroll services and mobile-based transactions.

Kille added, "An high risk merchant account can be deemed as high risk simply because of the industry it is in. It's rewarding to know that we can help people live out their dreams of owning and operating a business, regardless of what industry they are doing business in.  We have programs in place that protect our financial institutions and allow these merchants to conduct normal business without being limited by unnecessary restrictions and limitations."

Commersense serves a number of small businesses within the United States, and is capable of serving international clients. The company specializes in providing services that protect the client against account closure. Accounts placed within the past few months have included clients within the following industries: debt collection, travel and timeshare resale, online pharmaceuticals, nutraceuticals, and credit repair. Commersense provides custom priced solutions based on the clients' merchant needs.

2011年8月14日 星期日

Poor economy has some tenants living in substandard units

Empty 40-ounce malt liquor bottles are strewn across the floor, mixed with discarded clothes. Hair clippings from an impromptu haircut litter a backroom floor. Next to the hair is some old bedding, evidence that someone has been sleeping there.

"You can imagine how thrilled the neighbors have been," Code Enforcement officer Pam Wilderman said, standing amid the trash last week in the backyard of a home at 198 West Main St.

The recession has led to a jump in the number of people living in substandard housing, as some tenants try to pack more people into units to make rent payments more manageable and some landlords become more lax in monitoring the apartments they own.

Wilderman recently cited the Sudbury landlord and kicked out the tenants of the illegal apartment, one of several in the city.

The landlord was charging the tenants $800 a month to live in the first-floor apartment. The second floor wasn't rented because former tenants had tried to do renovations without a permit, Wilderman said.

But the first-floor tenants still ran extension cords to the second floor, where the power company had forgotten to shut off the electricity.

Wilderman said the homeowners, who have now put the property on the market, should have monitored the home more closely to prevent tenants from bringing in more people than allowed.

The listed homeowner, Donna Morris, trustee of 198 West Main Street Realty Trust, said she and her husband, who have owned the house for about 30 years, aren't to blame.

"That's been sort of a victim of bad tenants," she said last week. "It's just been one bad tenant after the other."

Morris said she and her husband would rent the apartment to the allowed number of people, but the tenants would inevitably bring in more. The couple would try to monitor the home, but usually when they showed up, damage would have already been done.

"It's just been awful," she said. "It's just been a nightmare lately."

Wilderman said her department receives reports of 10 to 12 illegal apartments or units in severe violation of building code. Much of the problem, she said, is because of the sour housing market.

"It's just about as prevalent as it is in Milford or Framingham," she said. "The housing market boomed because of mortgage issues. Now it's going the other way."

At another apartment at 3 Church St., six to eight people were living in a two-bedroom apartment, Wilderman said. She found out about the apartment, whose landlord has been cited for several infractions in the past, when police were called there last week.

In an attic in the home, a sheet of drywall had been put up to cordon off a bedroom. To get to the bedroom, the tenant had to almost get down on hands and knees to access the door through a passage that was, at its smallest, about 3 feet high.

Wilderman said she went to the apartment last week and gave the tenants a week to move out. The person staying in the attic bedroom, she said, had been paying $275 a month.

The landlord, listed as Carlos Olmedo of Waltham, did not return a call for comment.

Marlborough is able to keep a relatively good handle on the problem, Wilderman said, by having departments collaborate through an informal "impact team." She said the group, made up of members of various departments that deal regularly with housing, health and safety issues, meets monthly.

"This is why the impact team is so important," she said. "There is a constant stream of information between the police, fire, inspection, Board of Health, even the trash guys."

2011年8月11日 星期四

They won’t qualify for the program

The VIP Payment Plan (vippaymentplan.com) is fast becoming the best option for thousands of businesses across the U.S. to enable consumers to purchase their goods and services when the purchase price is beyond their ability to pay in full at time of sale. The product of a 19 year old A+ rated (BBB) financial services company in Clearwater, Florida, it has introduced to the marketplace a whole new way to complete the sale that, for many businesses and their clientele, will be the preferred method of payment in these economic times and for the foreseeable future.

A growing number of Americans are being prevented from making certain essential purchases – i.e.: emergency medical or dental care – expensive auto repairs – major appliance replacement – due to the inability to use credit cards or qualify for short-term traditional financing they had always relied on in the past as a safety net.

The VIP Payment Plan is an innovative new program that is as much an advertising strategy as it is a vehicle for facilitating the purchase of consumer goods and services. This strategy allows businesses to attract significantly more traffic into their stores than had previously been possible through typical advertising methods. And more traffic means more sales and increased profits for merchants that offer the VIP Payment Plan.

This innovative payment option is used in much the same way that a grocer might use a 99 cent gallon of milk to lure customers into his store. Business growth is achieved by simply deploying old-fashioned banner advertising that invites the consumer in to apply for this new alternative payment plan.

The VIP Payment Plan appeals to that ever increasing new category of consumers once known as the middle class, but who now carry a new label: “Credit Score Poor.” This group of Americans currently number in excess of 70 million. They have been able to keep their jobs in this depressed economy but have suffered a drop in the credit ranking used by credit card companies and other lending institutions that now hangs around their necks like a scarlet letter – the dreaded FICO™ credit score.

This program is not for those high-risk consumers with a less than desirable credit history who don't make their payments on time. They won’t qualify for the program. The VIP Payment Plan was designed for those consumers that are principled and strive to maintain a good credit record by taking responsibility for their financial obligations.

But a drop in credit scores has locked many of these consumers out of the marketplace for many mid-priced goods and services – those between $300 and $2,000. This is due in many cases to policy changes by the lending institutions, and other circumstances beyond their control. They can still make the payments, they just can’t qualify for credit cards or loans like they used to.

Merchants and Service Providers can now utilize the VIP Payment Plan to provide these consumers with the goods and services they want or need by extending zero-interest payment terms for 90 days with no credit check. You read that right, there is no interest charged and no credit bureau inquiry. This is not a loan.

This has nothing to do with checks – post-dated or otherwise, and there is no special equipment to buy or lease. The merchant simply logs on to the Internet and completes the 2 minute application on the VIP system’s secure online portal. The sale is approved or declined almost instantly. Once approved, the program generates a pre-agreement form whereby the customer pledges payments via electronic debits from their bank account. The VIP Payment Program then guarantees the payments to the merchant, who just turned a “no sale” into a satisfied customer. This is true a win-win for everyone.

Without a credit check, nearly every application is approved because the VIP system employs a proprietary algorithm that measures personalized risk factors rather than an impersonal computer-assigned credit score. Consumers are seen as more than just a credit score by the VIP Network merchant. They are seen as human beings who have every right to purchase the goods and services they want or need like anyone else.

When the business advertises this option like that 99 cent gallon of milk, they report traffic increases immediately. In fact, most merchants who utilize this strategy see a measurable surge in traffic almost overnight and significant upturns in sales and profit margins in the first 30 days. These merchants have achieved these results while reducing their credit decline rates, at essentially no net cost to their business, other than a small one-time participation fee.

The nominal cost of achieving and maintaining these astounding results is offset by a small convenience fee added to each payment, which the customer is happy to pay, instead of paying high–interest loan or credit card rates, or being subjected to an intrusive credit check.

This is the stimulus package that is producing real results for American businesses nationwide.
Besides all that it has been able to accomplish for business owners, The VIP Payment Program has also created a lucrative income opportunity for its many independent enrollment agents with this cutting-edge service.

Because of this extraordinary service, the VIP Payment Plan is now experiencing exponential growth and receiving unparalleled interest from entrepreneurs and business opportunity seekers who believe they have found “the” perfect product that will enable them to earn a respectable income, while offering merchants and service providers an honest, common sense option they can feel good about presenting to their customers.

The VIP Payment Program mantra: “It’s time to take our economy away from the bankers and government bureaucrats and put it back in the hands of the business owners and their customers where it belongs.”

2011年8月10日 星期三

Former Mall Employee Faces Theft Charges

A former employee of the Northbridge Mall in Albert Lea is facing felony theft charges in the Freeborn County District Court.

Beth Staser, of Clarks Grove, allegedly made more than $11,000 dollars in fraudulent transactions using the mall's merchant association account.

Staser has pleaded not guilty to the charges she's facing.

"We filed a criminal complaint against her alleging two counts of, well in the first place, felony theft and secondly a diversion of corporate property," said Assistant Freeborn County Attorney David Walker.

Staser worked as the mall's promotion manager starting in July of 2009.

She did not have an expense account with the mall and was expected to provide her own funds for job related needs.

"So the allegation in the police reports is that she was using money that actually belonged to the mall merchants association and she was diverting the money or the use of a credit or debit card to her own personal use," said Walker.

Some of the unauthorized purchases Staser allegedly made include tvs, cameras and a vaccuum cleaner.

The allegations were first reported to police in January of 2010 by the mall's property manager.

Each of the charges Staser is facing carry a maximum penalty of ten years in prison and a $20,000 thousand dollar fine.

A trial date has not been set.

2011年8月9日 星期二

Hold Adani Power; target of Rs 104: KRChoksey

KRChoksey has recommended hold rating on Adani Power with a target of Rs 104, in its August 6, 2011 research report.

“Adani Power Ltd (APL) reported Q1FY12 results below our and market expectations. Net sales de-grew by 4% q-o-q to Rs 818 crore largely on account of lower generation and merchant realization during the quarter.Net generation remained flat at 3.2 BU against 3.0 BU in Q4FY11 largely on account of 20 days plant shutdown at Mundra-I for regular maintenance and another 15 days shutdown at Mundra-III for synchronization of 2nd unit. PLF for APL stood at 74% against 80% reported in Q1FY11. Average realizations were disappointing at Rs 2.8/unit, lower by 10% QoQ and 18% YoY on the back of lower merchant realization and availability of lesser units for merchant sale. Fuel cost for APL increased by 22% QoQ and 10% YoY to Rs 1.04 per unit in Q1FY12. Management attributed the same to the unfavourable operating climate and disturbance due to shutdown activities. O&M cost, however declined by 17% QoQ to Rs 0.24 per unit.”

“APL has disappointed in Q1FY12 with lower generation, realizations and operating efficiency. It is currently facing headwinds in terms of coal price risk due to benchmark revision of Indonesian coal, MAT rate to be applicable under DTC on SEZ units and lower realizations as SEBs continue to shy away from merchant market. We do not see any fuel supply constraints for Mundra plant during FY12 as APL is sourcing its coal requirement from Indonesian mines. We have assumed use of high cost imported coal at Tiroda plant considering offtake constraints of domestic coal. We revise our estimates downwards on account of lower merchant realization, equity dilution due to Tiroda buy-out and higher Indonesian fuel cost. We maintain our “HOLD” recommendation on the stock with revised target price of Rs 104,” says KRChoksey research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

2011年8月8日 星期一

BluePay offers advanced processing products with robust

BluePay, a premier credit card processor, recently announced the acquisition of Eagle Point Financial, a credit card merchant with a large portfolio of high-end, boutique accounts and large volume restaurant accounts. The deal closed at the end of July and was acquired with the help of Preston Todd Advisors, leaders in M & A advisory services.

“We engaged Preston Todd Advisors because of their expertise in deal origination services in the payments and payment technology industries,” said John Rante, BluePay CEO. “Their targeted approach to identifying, qualifying and engaging potential acquisition candidates is unparalleled in the payments arena. I think it’s a testimony to Preston Todd’s ability to find unique under-the-radar opportunities for acquisition.”

Eagle Point merchants will now have access to the BluePay support team in addition to BluePay’s advanced security technologies and payment gateway, while key staff at Eagle Point will help BluePay bring in more large retail and enterprise level clients.

BluePay’s PCI secure credit card processing solutions include tokenization, which eliminates the need for storing sensitive data, and end-to-end encryption (E2EE), which encrypts credit card information from point of swipe to authorization. Other payment process products include ACH payments, mobile and wireless processing, secure hosted payment forms and more.

“BluePay offers advanced processing products with robust and enhanced security features,” said Rante. “Eagle Point staff can take advantage of BluePay secure, state-of-the-art technologies to go after large enterprise level accounts with PCI challenges. At BluePay, we are committed to maintaining the highest levels of data security to ensure merchants are fully protected as their business grows.”

2011年8月7日 星期日

Govt to issue notification on armed anti-pirate guards

Mumbai: Indian merchant ships may soon be allowed to have armed guards to counter pirate attacks, two senior government officials said.

The Directorate General of Shipping plans to issue a draft notification allowing merchant ships to deploy armed guards on board, said Satish B. Agnihotri, who heads the regulatory agency.

Agnihotri did not give any details. H. Khatri, nautical surveyor-cum-deputy director general of shipping, who is preparing the draft, could not be immediately contacted.

The International Maritime Organisation, a global overseer of operational and safety rules, in May approved employing privately contracted armed security personnel onboard ships transiting through the high-risk piracy area off the coast of Somalia and in the Gulf of Aden and the wider Indian Ocean.

There were 266 pirate attacks worldwide in the first six months of this year, compared with 196 in the same period last year, according to a July report of the International Maritime Bureau (IMB), a non-profit organization that deals with maritime crime and malpractice.

At least 60% of the attacks were by Somali pirates, mostly in the Arabian Sea. On 30 June, these pirates were holding 20 vessels and 420 crew members as hostage, demanding millions of dollars as ransom.

“In the last six months, Somali pirates attacked more vessels than ever before and they’re taking higher risks,” said Pottengal Mukundan, director of IMB. “This June, for the first time, pirates fired on ships in rough seas in the Indian Ocean during the monsoon. In the past, they would have stayed away in such difficult (weather) conditions.”

Nine Indian ships have been captured since January and 86 crew members are currently held hostage, shipping minister G.K. Vasan said. Talks for their release are on.

The government will allow shipping companies to hire private guards and former defence personnel for securing ships, said a person aware of the draft legislation being prepared.

The number of guards allowed on a ship will depend on its size, ranging from two for a small ship to four for a large crude carrier, said this person, who asked not to be identified.

India’s shipping industry has been lobbying for some time to be allowed to have armed guards on board. Hiring these guards will raise expenses, but the industry expects the insurance premium to come down in turn.

National security adviser Shiv Shankar Menon​ met executives of shipping companies last month to discuss ways to deal with piracy.

A senior executive with a shipping company said no progress has been made after the meeting, but welcomed the Directorate General of Shipping’s plan to issue guidelines on hiring armed guards.

The nation, he said, is paying Rs6 crore as additional war risk surcharge imposed by reinsurers.

The minimum additional premium on account of such attacks for a very large crude carrier valued at $64 million and carrying a cargo of 260,000 million tonnes (mt), is around $200,000 per month. A bulk carrier, valued at $50 million and carrying 50 mt, pays an additional premium of $50,000 a month.

“It is high time India pushed the United Nations for common and integrated efforts by deploying a force in the pirates infested area,” the shipping executive said.

India took over as president of the United Nations Security Council this month.

But armed guards alone may not be enough to end piracy, said a security expert, asking not to be named.

“The Somalian pirates don’t go by the size of the ships or cargo. They target crew for ransom. Now they may shift (attacks) from big vessels with guards to small vessels and yachts,” the expert said. International bodies, he said, should look for a sustainable resolution.

2011年8月3日 星期三

Tropical Storm Emily nears disaster-hit Haiti

Joceline Alcide stashed her two kids' birth certificates and school papers in little plastic bags that aid groups handed out. It was the only precaution she could take as Tropical Storm Emily neared disaster-stricken Haiti with torrential rains.

Alcide is one of more than 600,000 Haitians living in the flimsy shanties that sprung up in the aftermath of last year's earthquake. Emily, which is forecast to batter Haiti's southwestern peninsula early Thursday, could be disastrous to them.

"There really isn't much more we can do. We just got these bags," the 39-year-old Alcide said, standing outside her teepee-like tarp shelter.

The storm was stalled off the coast of the Dominican Republic Wednesday night and appeared set to skirt that country's southern tip. It had maximum sustained winds of 50 mph (85 kph).

Dominican authorities dropped a tropical storm warning Wednesday night from Cabo Francis Viejo southeastward to Cabo Engano. One remained in effect along the southwestern coast.

But the intense rain still posed a threat to the two nations that share the island of Hispaniola, said Diana Goeller, a meteorologist with the U.S. National Hurricane Center. The countries are divided by a range of high mountains.

"This storm has a lot of heavy rainfall with it," Goeller told The Associated Press. "So in those mountainous areas, there could be very dangerous, life-threatening mudslides or flash floods."

The worst rainfall was expected to miss the Haitian capital, but it could be enough to cause severe flooding and increased misery. Rain already was falling on Port-au-Prince's eastern side by late Wednesday afternoon. A U.N. aid group distributed cholera prevention kits to help fight the waterborne disease, and the government set up a network of shelters.

Francois Prophete, who was shoring up the corrugated-metal roof of his one-room cinder block home in the hills southeast of Port-au-Prince, said most people had few options in a nation where the vast majority are desperately poor. "We can't afford to do much," he said.

Others just hoped the storm would skip Haiti.

"If any storm comes, we meet our demise," said Renel Joseph, a 57-year-old resident of Cite Soleil, a seaside shantytown of the capital.

Michel Davison of the U.S. National Oceanic and Atmospheric Administration said parts of the Dominican Republic could see up to 20 inches (50 centimeters) of rain within 36 hours. Up to 10 inches (25 centimeters) is expected in rural Haiti and up to 6 inches (15 centimeters) in the capital.

The storm had already dropped up to 10 inches (250 millimeters) of rain in parts of Puerto Rico, though its center never got within 100 miles (160 kilometers) of the island, the U.S. National Weather Service said.

Forecasters expected the mountains on Hispaniola to weaken the storm but still issued warnings for parts of Cuba and the Bahamas.

Civil defense officials and the military in the Dominican Republic moved dozens of families out of high-risk zones ahead of the storm. Fourteen commercial and cargo flights into Santo Domingo were canceled and two others were delayed.

Batista Geovanny nailed down the tin roof of his house near the Ozama river in Santo Domingo.

"You never know what might happen," said Batista, fearful that the riverbank outside his front door might burst.

In Haiti, local authorities urged people to conserve food and safeguard their belongings and prepared a fleet of buses to evacuate people from flooded areas.

An untold number of people took that advice and volunteered to leave their flood-prone houses to stay with relatives and friends, said Emmanuelle Schneider, a spokeswoman for the United Nations' Office for the Coordination of Humanitarian Affairs. There had been no government-organized evacuations by Wednesday night, she added.

"There will be an official evacuation when there's flooding," said Schneider.

The U.N. force in the country put 11,500 troops on standby to provide aid. The International Red Cross alerted emergency teams that have access to relief supplies already in place for up to 125,000 people throughout the country.

There was reason for concern. A slow-moving storm in June triggered mudslides and floods in Haiti and killed at least 28 people.

That was the same storm that toppled Alcide's previous tent-like shelter, which stood on the side of a ravine. Her neighbors saw cinderblock houses slide down the hills in unforgiving mudslides.

Haiti's government urged people to evacuate their neighborhoods if there is flooding, but Vania Zamor said she had no plans to leave. She feared thieves might break into her sheet metal shack and steal the beans and rice she sells as a merchant.

Besides, "it's going to be very hard for us to leave because people rely on us," said Zamor, a 39-year-old camp leader in a ravine shanty in the Petionville section south of Port-au-Prince.

"If God doesn't protect the people living on the hills, there's going to be a lot of damage."

The U.S. National Hurricane Center said the storm was heading west at 14 mph (22 kph) Wednesday night, and it was expected to turn toward the northwest. The storm was about 75 miles (125 kilometers) southeast of Isla Beata in the Dominican Republic. It had maximum sustained winds of 50 mph (85 kph).

The center of the storm is expected to make landfall on Haiti's southwestern peninsula late Wednesday or early Thursday.

2011年8月1日 星期一

Government Data, CBS Local Coupons and New Foursquare Merchant

This week we had 55 new APIs added to our API directory including one for government data from U.S. Department of Labor. There was also an iTunes sales reporting service, identity validation and fraud detection service, fitness tracking service, music licensing agency, stock photography provider, SEO rank checking service and local deals listings service. Below is more detail on all 55 of these new APIs.

AIDSinfoAIDSinfo API: AIDSinfo offers access to the latest, federally approved HIV/AIDS medical practice guidelines, information on HIV/AIDS treatment, clinical trials, and other HIV/AIDS-related research information for health care providers, researchers, people affected by HIV/AIDS, and the general public. The AIDSinfo API provides access to the AIDSinfo drug database fact sheets in XML format. The API returns information from both the professional and patient versions of the AIDSinfo drug database fact sheets based on input query strings. It uses RESTful calls and responses are formatted in XML.

appFiguresappFigures API: appFigures is a reporting platform for iPhone developers that automatically downloads and visualizes iTunes Connect sales data with App Store reviews and ranks for all of their apps. Developers can get detailed reports daily by email, view hourly rankings, and get translated reviews. The appFigures API allows for another way to interact with reports and account data. The API is available to all appFigures members, regardless of plan type.

Audiosocket MaaSAudiosocket MaaS API: Audiosocket is a boutique music licensing agency representing more than 1800 emerging bands, composers and record labels from around the world. Audiosocket's MaaS (Music as a Service) provides an integration API that allows users to search, stream, and license thousands of tracks from the world's best independent musicians. The API uses RESTful calls and responses are formatted in JSON and JSONP.

AuthorityLabs AccountAuthorityLabs Account API: AuthorityLabs provides SEO rank monitoring for use by consultants, agencies, bloggers, and internet marketing pros. The Account API is for users who need access to the interface, but also need to programmatically make changes to the account or pull down data for backup, reporting or analysis purposes. Everything done in a user account is reflected in this API, and everything done via the API is reflected in a user account. Pricing is based on keyword volume plans. RESTful calls are used and responses are formatted in XML.

AuthorityLabs PartnerAuthorityLabs Partner API: AuthorityLabs provides SEO rank monitoring for use by consultants, agencies, bloggers, and internet marketing pros. The Partner API gives users access to search results only. Nothing done via the Partner API is reflected in any account. Pricing is based on specific endpoint usage, per thousand calls. RESTful calls are used and responses are formatted in JSON.

Basic Local Alignment Search ToolBasic Local Alignment Search Tool API: API for Basic Local Alignment Search Tool (BLAST) services which find regions of local similarity between sequences. The program compares nucleotide or protein sequences to sequence databases and calculates the statistical significance of matches. With the RESTful API users can submit BLAST jobs for processing at NCBI.

BlubrryBlubrry API: Blubrry is a media hosting website. Users can upload and store their media on Blubrry, as well as access statistics on how the media is being accessed.

The Blubrry API allows developers to upload, manage, and access media on Blubrry, as well as media download statistics.

BookingMarketsBookingMarkets API: BookingMarkets provides users with a travel site or a network of contacts, a platform to build, launch, and monetize a white-labeled marketplace of hotels, hostels, b&bs, or vacation rentals. Clients make commissions on all bookings they receive in their marketplace and other marketplaces of the BookingMarkets network.

The BookingMarkets APIs allow a user application to interact with the sites powered by BookingMarkets. An application can provide many custom interfaces, functionalities, and specialized operations across any device. The API can be used in conjunction with the referral program to earn commissions on the bookings made by referred users. The API uses RESTful calls and responses are formatted in XML and JSON.

CBS Local OffersCBS Local Offers API: CBS Local Offers is a simple API that lets users look up cities, information about those cities, and get information for all current deals being offered. The API is free to use and does not require sign up to access.