Wednesday, February 24, 2010

plus 2, MB Financial Bank Joins Wolters Kluwer Financial Services' AppOne Platform for Motorcycle Loans - Forbes

plus 2, MB Financial Bank Joins Wolters Kluwer Financial Services' AppOne Platform for Motorcycle Loans - Forbes


MB Financial Bank Joins Wolters Kluwer Financial Services' AppOne Platform for Motorcycle Loans - Forbes

Posted: 23 Feb 2010 07:51 AM PST

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BusinessWire - Wolters Kluwer Financial Services announced today that MB Financial Bank has joined its AppOne platform to automate and help simplify loan processing for motorcycle dealers.

MB's Indirect Finance Program provides retail loan financing and commercial banking services to motorcycle dealers across the United States. The AppOne platform automates the indirect lending process for lenders and dealerships by providing credit application workflow automation, compliance document preparation and information service solutions.

Using AppOne, MB can easily connect with motorcycle dealers, accelerate the loan application process and transact loans faster. AppOne's DocOne(TM) document printing engine and validation tool allows dealers to print loan documents from a standard color laser printer onto plain paper at the point of sale and finance at the dealership location. DocOne also helps ensure that loan documentation is accurate and compliant before reaching the lender for funding consideration. DocOne utilizes Wolters Kluwer Financial Services' Bankers Systems line of documents, which is built upon more than 50 years of experience and is protected by Wolters Kluwer Financial Services' industry-leading compliance warranty. DocOne provides data merging and population of these forms through a centralized Web-based delivery source.

"MB Financial Bank recognizes that our national motorcycle dealer base desires alternative processing options that add quality and value to their business," said Charles Schaefer, first vice president, Indirect Lending, at MB. "We believe our partnership with AppOne provides dealers that additional value and option while still granting access to our tailored, high-touch customer service."

"With one of the longest running indirect lending programs in the country, MB is undoubtedly a strong partner for motorcycle dealers," said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. "We are excited to help dealerships working with MB simplify the loan process for their staff and customers, and subsequently, book loans faster."

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP(R) Mortgage Solutions, PCi, AppOne(R), GainsKeeper(R), Capital Changes, NILS, AuthenticWeb(TM) and Uniform Forms(TM). Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) EUR3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

About MB Financial Bank

MB Financial Bank is a Chicago-based financial institution that has been delivering competitive personalized service for 100 years to businesses and individuals who live and work in the Chicago metropolitan area. MB has more than $10 billion in assets and nearly 90 locations. Information about MB can be found at www.mbfinancial.com.

SOURCE: Wolters Kluwer Financial Services

Wolters Kluwer Financial Services Jennifer Marso, 612-852-7912 Director, Corporate Communications jennifer.marso@wolterskluwer.com On Twitter: @JenniferMarso or Angela Peterson, 612-656-7745 Senior Public Relations Specialist angela.peterson@wolterskluwer.com On Twitter: @AngiePeterson

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Greece hit by nationwide strike against austerity - Daily Finance

Posted: 24 Feb 2010 02:27 AM PST

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ATHENS, Greece -Greek workers banged drums, threw stones and walked off the job Wednesday in the widest strike yet against the government's austerity plan aimed at fixing the country's debt crisis.

The unrest flared despite a looming deadline for demonstrating tough cuts demanded by the European Union to calm the crisis and keep it from spreading to other countries with troubled finances such as Portugal, Spain and Italy.

Strikes grounded flights, idled cargo ships and ferries, and left commuters in Athens without most public transportation. State-run schools, tax offices and municipalities all shut down and public hospitals limped by using emergency staff.

In the capital, some 50,000 people marched through central Athens to protest spending cuts already imposed. The march itself was peaceful, with scuffles taking place after it ended, and comes after public opinion polls suggest many Greeks actually recognize the necessity of painful measures.

But Wednesday was the day for the unions to push back.

"We're all here for the same reason: the measures the government is taking. They have to listen to us," said musician Dimitris Petridis, who marched banging a snare drum with colleagues to a funereal rhythm.

"The rise in joblessness has really hurt us. The daily wage for working at a nightclub, for many of us, is the same as it was 20 years ago," he added.

As the peaceful march ended, riot police clashed and fired tear gas at scores of demonstrators in the latest sign of unrest in recession-hit European countries. Groups of youths vandalized banks and storefronts, hurling rocks, red paint and plastic bottles near parliament. Three people were arrested.

Windows were also smashed at the Finance Ministry's General Accounting Office, which has been accused by the European Union of faking statistics for years to hide Greece's dire situation.

Greece is considering tougher austerity measures to ward off a financial crisis that has undermined the euro currency used by 16 European nations. Its troubles have raised fears that financial market contagion will spread to other weak eurozone economies such as Portugal, Spain and Italy.

The pressure on the Greek government to deliver on its promise to rein in the country's borrowing levels ratcheted up further Wednesday with the news that Standard & Poor's, one of the three leading credit ratings agencies, could downgrade its rating on the country within a month.

The EU has issued a vague promise to support Greece, which has some euro53 billion ($72 billion) in debt coming due this year, but Prime Minister George Papandreou's new Socialist government has pressed for more specific guarantees to shore up market confidence.

Greece has already imposed broad spending cuts but says it is under pressure from the EU to cut salaries in the civil service. Unions say cutting Greeks' so-called 14th salary — part of annual pay held back as a holiday bonus — for public workers would be taken as "an act of war."

"If all these measures are enforced, unemployment will skyrocket. Our country will enter a massive recession and unemployment will reach a Europe-wide record," union spokesman Stathis Anestis said. "This will be tragic because it will provoke social (unrest) and clashes."

Officials from the EU and International Monetary Fund are in Athens to inspect public finances, ahead of a March 16 deadline to show signs of fiscal improvement or face imposed additional austerity measures.

Greece has promised the EU it will reduce the bloated budget deficit from 12.7 percent of gross domestic product to 8.7 percent this year. The country's woes have caused the euro to sink against the dollar and hiked the country's borrowing costs.

Greek unemployment hit a five-year high of 10.6 percent in November 2009, up from 9.8 percent in October.

S&P said it was maintaining its current rating on Greece's long-term debt of BBB+ but was monitoring the situation closely.

"In our view, a further downgrade of one to two notches is possible within a month," said Standard & Poor's credit analyst Marko Mrsnik.

A two-notch downgrade would take S&P's rating on Greece to BBB- — the lowest level accepted by the European Central Bank as collateral for loans. Moody's current rating on Greece is A2, although that may be lowered soon.

Shares on the Athens Stock Exchange closed up 0.21 percent.

Elsewhere in Europe, other workers fearing job threats also took action this week.

In France, a strike by air traffic controllers disrupted flights for a second day Wednesday. In Spain, tens of thousands of demonstrators rallied Tuesday to protest a government proposal to raise the retirement age by two years to 67.

In Germany, over 4,000 Lufthansa pilots held a strike Monday to demand greater job security, causing travel chaos across Europe as over 800 flights were canceled.

AP Business Writer Pan Pylas contributed to this report from London.

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A Las Vegas Merchant Services Company Worldwide Merchant Services, LLC ... - Market Wire

Posted: 24 Feb 2010 02:56 AM PST

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SOURCE: Worldwide Merchant Services, LLC

LAS VEGAS, NV--(Marketwire - February 24, 2010) - Worldwide Merchant Services, LLC has over 100 direct contracts with different banks around the globe. Worldwide Merchant Services, LLC had 1 goal in mind back in 2006: to take on hundreds of different merchant account contracts and merchant services programs to save time and money.

Worldwide Merchant Services' goal was to be the only independent merchant services broker to build a complete & solid umbrella of services that have been offered by thousands of different companies across the entire world and make it a one stop shop for all your merchant needs. They have achieved that goal and beyond.

The company is superior and still fresh with vision that goes beyond recognition and the call of duty.

Being the only Company to go global with all these different broad state of the art products with the ability to still compare and broker these services at competitive wholesale pricing that's bar none hands down unbeatable. The WMS motto is, "If we can't save you time or money we will send you $500.00."

Worldwide Merchant Services, LLC also give away free credit card machines, free merchant account terminals, let alone offers free ATM machines. Companies need to feel confident these days that they made the right choice. With worldwide Merchant Services, LLC promises to increase your cash flow and leverage your time doing what your company does best.

WMS offers state of the art services such as wireless merchant services such as iPhone merchant accounts, Wireless merchant services with BlackBerry merchant accounts, ATM machines, free credit card terminals, wireless merchant services with pin based debit credit card machines and programs, with flat fee credit card processing & no percentages, online credit card processing. Worldwide Merchant Services, LLC offers bad credit merchant accounts & bad credit merchant services along with no set up fees. They also offer check 21 and other check guarantee services & no trips to the bank.

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WMS specializes in no limit gateways for adult web sites and adult entertainment companies as well.

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For all retail clients in most cases we reprogram your machine, even your current wireless merchant services terminal or credit card machine at no charge to you. Worldwide Merchant Services, LLC can get you approved when all the other banks have turned your company down.

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WMS has what it takes with that can do attitude and will go beyond the call of duty to keep you as a long-term client for the duration of your business. This builds strong customer relationship and stimulates the economy by all the aggressive broad range of merchant services.

WMS is hiring ISOs and independent sales agents worldwide. Contact us for employment opportunities at www.worldwidemerchantconnect.com.

Click here to see all recent news from this company

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