Cash payment option helps direct response merchants combat lost revenue.
In the ultra-competitive direct response market, retailers are looking for an edge to increase sales and reach new consumers. With many leaders in direct response retailing moving customers toward electronic payments, it's easy to forget that many U.S. consumers still prefer to pay via check or cash. In fact,...

Extra credit.
Good article about revamping current credit-card practices ("Taking Charge" by Robert Gordon and Derek Douglas, December). However, I did not see any mention about giving consumers control over how their payments are allocated when customers have cash advances, purchases and promotionals on their statement. Most credit-card companies allocate the...

Worried about identity theft? A new benefit for members.
Fifteen million Americans had their identities stolen last year. Will you be next? Because ASABE cares about you--and members of your family--we have partnered with LifeLock to protect your personal identity from the fastest growing crime in America. You can protect yourself, your spouse or...

Cash-in-hand is important to Japanese consumers.
There is a difference between wallets in Japan and wallets in the United States (US). Wallets in Japan have to be designed with more room for cash. Wallets in the US have to be designed with more room for credit cards. Why? The US population...

Cash2Cuba.com stops accepting U.S. credit cards for Cuba remittances.
Cuban-American exiles who wire their relatives money through Cash2Cuba.com, one of several Canadian-based online remittance services that handle wire transfers to Cuba, were surprised last month to find out that Cash2Cuba has stopped accepting U.S. credit cards. In recent years, Cash2Cuba and its main rivals, Transcard and...

CME test.
To obtain CME credits, complete the test below, following these guidelines: 1. Read each article carefully. 2. Choose the most appropriate response to each of the following questions and record these on the registration form. Unanswered questions are considered incorrect. 3. Send the...

Educate small-business clients about the Bank Secrecy Act.
Marketers should team up with their compliance officers to ensure that file bank develops an effective communications program in connection with implementation of the Bank Secrecy Act (BSA). This compliance program needs to be fully explained to frontline bankers and their clients, especially the small businesses that are the...

Bank of America to focus on cards, corp. banking in Europe, Asia -- CEO.
HONG KONG (XFN-ASIA) - Bank of America Corp will expand into Europe and Asia chiefly through credit cards and corporate banking, rather than through acquisitions, the Wall Street Journal quoted the bank's chairman and chief executive officer Kenneth Lewis as saying. In Asia, the bank will sign...

Financial reform, institutional interdependency, and supervisory failure in postcrisis Korea.
In the aftermath of the economic crisis of 1997-1998, South Korea undertook a number of reforms in financial supervision. Questions have been raised, however, as to whether Korea has in fact succeeded in creating a system of financial supervision capable of dealing with certain risks and responding to new...

Off to a slow start: offering federal exemptions to captives to encourage the administration of ERISA-regulated benefits has met an unexpectedly tepid response. Many companies are still interested in creating captives, especially if they can find simpler approval options.
Last year, when the U.S. Labor Department approved an expedited procedure for granting exemptions to captives looking to administer ERISA-regulated benefits such as life insurance, disability or retiree medical benefits, many observers thought this would fuel the growth for employee-benefits programs based in captives. But it hasn't...