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Bancorp’s Factoring Income Drives Record Q1 Figures

Sterling Bancorp today announced record figures for the three months ended 31 March 2001. Net income for their factoring operation had risen by 28.5% to $1,401,000 from Ј1,090,000 in the corresponding period of 2000. This increase is disproportionately high in...

#interest

KBK Capital Corporation to Report Loss in First Quarter...

The Fort Worth-based provider of financial services, including factoring, KBK Capital Corporation, announced on 6 April that they expect to…

#bankruptcy#banks#financial services


GraphOn Corp. Signs Reseller Agreement with Distinctive Solutions

Growing Market for Factoring Software Requires Reliable Remote Access Solution GraphOn Corporation (www.graphon.com), a leading developer of business infrastructure software,…


Greater Bay Bancorp Completes Acquisition of CAPCO Financial Company,...

Greater Bay Bancorp, a $5.1 billion in assets financial services holding company, announced that it has completed the acquisition of…

#acquisition#bank#banks


eRevenue and Jack Henry & Associates Forge Strategic Alliance

Jack Henry & Associates, Inc. (which provides integrated computer systems and ATM networking products for banks and credit unions) and…

#alternative financing#bank#e-commerce


Greater Bay Bancorp Announces Acquisition of CAPCO Financial Company

The financial services holding company, Greater Bay Bancorp, has announced that it has signed a definitive agreement to acquire the…

#acquisition#financial services#regulation


Tyco to Buy CIT

It was announced yesterday that the Bermuda based conglomerate, Tyco International Ltd, plans to move into the financial services market.…


Government Lifeline for Struggling Small Business Community

The Chilean government has launched an initiative designed to help small businesses refinance their debts and rekindle investment. A US$2bn…


Distinctive Solutions Sells its 500th Factoring System

Distinctive Solutions Corporation, the specialist provider of software for the factoring industry, sold its 500th factoring/asset based lending software system…

#BCR Publishing#commercial finance#factoring industry


Bayside Business Solutions Launches its FactorSoft Enterprise Oracle Edition

Today the Santa Monica (California) based custom software provider, Bayside Business Solutions, have launched their Enterprise Oracle Edition of FactorSoft.…

#Oracle#security#software


Heller Financial Discontinues SBA Loan Origination

Heller Financial, Inc., the worldwide commercial finance company, today announced that after an extensive review of strategic alternatives, it will…

#cash management#commercial finance#management


First Coastal to Launch Factoring Service.

First Coastal Bank, based in El Segundo, California, has announced that it will begin to market a factoring and accounts…

A Fraud Caught in Time and the Lessons Learned

by Ken Walsleben Introduction: On Wednesday, October 4, 2000, I received a promising call from a broker introducing a New…

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