Wednesday, March 10, 2010

plus 3, Intuit and Kiva Work Together to Seed Small Business Growth Locally ... - Yahoo Finance


plus 3, Intuit and Kiva Work Together to Seed Small Business Growth Locally ... - Yahoo Finance


Posted: 10 Mar 2010 07:18 AM PST
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. ( Nasdaq :INTU - News) and Kiva.org have helped millions of small businesses get up and running. Together, they are planting the seeds to fuel even more business growth with an aggressive matching program to raise money for small businesses in need.
As an extension of Intuit's current Love a Local Business program, for every person who joins the Intuit Lending Team (http://www.kiva.org/team/intuit) and makes a Kiva loan within 30 days, Intuit will donate $10 to Kiva.org, up to $50,000. This contribution will be used to strengthen the Kiva micro-lending platform and leverage an estimated $500,000 more in small business loans from Kiva's Internet community.
"We share a common goal with Kiva – to help small businesses succeed," said Justin Kitch, chief growth officer of Intuit's Small Business Group. "The past few years have been difficult for small businesses, so we are looking for ways to help them raise funds that give them the added help they need to continue to thrive."
Kiva.org is the world's first micro-lending website for the working poor, empowering individuals to lend to an entrepreneur across the globe. It creates a personal connection between lenders and small business recipients. Each entrepreneur has a profile page with a picture and description of their plans to use the loan.
"By creating a Kiva Lending Team for Intuit, we're helping low-income entrepreneurs help themselves and providing Intuit team members the ability to follow the impact of their loans," said Premal Shah, president of Kiva. "In just over four years, Kiva has made possible $120 million in micro-loans, bringing together more than 430,000 lenders and 300,000 entrepreneurs. Kiva is a perfect match for long-time small business advocate, Intuit."
The matching program, which began March 1, will run through the end of May 2010. For more information, go to http://www.kiva.org/team/intuit.
Quick Links

About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $3.1 billion in its fiscal year 2009. The company has approximately 7,800 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.
About Kiva.org
Kiva.org is the world's first micro-lending website for the working poor, empowering individuals to lend to an entrepreneur across the globe. Founded in 2005, Kiva.org's mission is to connect people, through lending, to alleviate poverty. Over 430,000 people have loaned more than $120 million to 300,000 entrepreneurs in 52 countries. Currently, loans made through Kiva.org have a 98% repayment rate. Kiva.org is headquartered in San Francisco.
Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries

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Posted: 10 Mar 2010 07:11 AM PST
CHARLOTTE, N.C., March 10 /PRNewswire/ -- As part of its commitment to provide more control, choice and clarity for its customers, Bank of America today announced that beginning this summer it will only authorize single debit card transactions at the point of sale if a customer has enough money in their account at the time.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )
This change will help customers by reducing the likelihood they may inadvertently overdraw their account and thus eliminate unexpected overdraft fees on these transactions. Customers will still have the choice to link their checking account to another account through Overdraft Protection to cover these types of transactions.
"Our customers have been clear that they want to know if a purchase is going to overdraw their account," said Susan Faulkner, Deposits and Card Product executive. "Our solution is simple, clear and helps customers control their finances by reducing the possibility of over-extending themselves at the point of sale with a debit card."
Bank of America's solution provides:
Control
Today, the majority of customers who overdraw their account do so as a result of everyday debit card purchases where the bank is unable to alert them at the time that the purchase may cause an overdraft and result in a fee. The bank believes the best option is to help customers by reducing the likelihood they may inadvertently overdraw their accounts and thus eliminate often unexpected overdraft fees on these transactions.
Choice
Bank of America continues to provide choices for those instances when customers need additional flexibility in managing their finances:

  • Customers can link their checking account to a savings or other account through Overdraft Protection.
  • Customers may use another form of payment.
  • Customers may also be able to access cash through the Bank of America ATM network where they will be alerted that the transaction might cause an overdraft and result in a fee.

Clarity
The bank is clearly spelling out for customers how these changes are enhancing the control they have asked for while providing options that allow them to choose the solution that best meets their needs.
Bank of America continues to offer tools and services that provide customers with more flexibility and control in managing their finances such as:

  • An easy-to-navigate Web site, bankofamerica.com/solutions, that provides tools and resources to help customers.
  • Electronic alerts when accounts reach a low balance or a customer overdraws. Beginning this summer, Bank of America will set these alerts as an automatic feature for our online banking customers who have a checking account.
  • The ability for customers to request that Bank of America not authorize any purchases, payments or withdrawals unless the full transaction amount is available in their checking account or a linked overdraft protection account at that time.

"We understand that the environment has changed, and we are changing with it," added Faulkner. "We will continue to make changes to our products, services and solutions that deliver more value to our customers by providing the clarity, control and choice they need to better manage their everyday finances."
These latest improvements are part of Bank of America's determination to help customers manage their everyday finances and bank in the ways that fit their life. To that end, Bank of America is:

  • Providing Clarity Commitments for our lending products that outline in simple, everyday language what a customer should expect from their relationship with us.
  • Simplifying offerings, including the introduction of basic, straightforward products.
  • Enhancing choice and convenience through the bank's industry-leading online, mobile and ATM network.
  • Renewing a commitment to financial education to help customers make more confident financial decisions and realize their opportunities.

Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 59 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock ( NYSE :BAC - News) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange .
www.bankofamerica.com


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Posted: 10 Mar 2010 07:04 AM PST
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Yardi Systems announced today that residential and commercial real estate management group Trinity Property Consultants LLC increased its marketing capabilities and improved services for its residents by adopting Yardi Portal™ and Yardi Payment Processing™ as part of its Yardi Voyager™ property management and accounting system.
Trinity can display real-time property marketing and unit availability with Portal, which integrates with property information in Voyager. The company also uses Portal to complete rapid online processing of resident applications, fee collection and credit checks.
Payment Processing offers residents the convenience of paying rent online through Portal. They can log in to the Trinity website and pay by credit card or ACH transfer, and view their ledgers and billing statements. Rents paid by check are scanned into electronic transactions with Yardi CHECKscan™. Check and online payments automatically apply to resident charges, and resident ledgers and the general ledger are updated simultaneously. Same-day electronic fund transfers maximize Trinity's cash flow and reduce trips to the bank.
"Letting our residents pay rent online means our property managers spend less time processing rent payments and entering data," said Charisse Weaver, Trinity's national training director. "Integrating our marketing, application and payment functions on one platform also makes it easy for us to interface with industry partners who generate credit reports and identify traffic sources, among other functions."
"As part of the ongoing support that Yardi offers its clients, we will help Trinity use the integration and automation enabled by these products to achieve several strategic goals, including attracting and retaining residents, improving operational efficiency, and increasing occupancy," said Terri Dowen, Yardi senior vice president of Sales.
About Trinity Property Consultants, LLC
Trinity, headquartered in Newport Beach, Calif., is a national real estate management group offering a complete property management solution including renovative construction, financial and accounting services, and asset management services for multifamily and commercial properties. When Trinity was formed in 1998, the company had a single commercial building in San Diego; the combined value of its portfolio today, which includes 58 residential properties with nearly 18,000 units and 37 commercial properties encompassing 4.6 million square feet, approaches $1 billion. Trinity is a wholly owned affiliate of Fowler Property Acquisitions of San Francisco. For more information, visit www.fftrinity.com.
About Yardi
Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
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Posted: 10 Mar 2010 07:40 AM PST
March 9, 2010 | We Energies has tentatively agreed to sell nearly 120 acres of undeveloped land in St. Francis to the City of St. Francis, company spokeswoman Irrisol Arce just told me.
The land includes 87 acres that Cardinal Stritch University had planned to buy for a second campus, Arce said. The university, which has its main campus in Glendale and Fox Point, later dropped those plans for a St. Francis campus, which would have included buying the former Cousins Center from the Milwaukee Archdiocese.
Also to be sold is around 30 acres, including land north of E. Howard Ave., between S. Lake Drive and S. Kinnickinnic Ave., Arce said. She declined to provide further details.
Mayor Al Richards told me the Common Council hasn't decided yet whether or not it will buy the land. He said most of the land, if bought by the city, would remain undeveloped. Some parcels, however, are buildable, he said.
Richards declined to comment on the rumored sale price of $800,000--which seems like a low price for such a large amount of land, even if most of it remains undeveloped. »Read Full Blog Post(12)
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