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• Extreme Makeover in Savannah

  • Vantage Card

  November 22, 2010

  It was an awesome week for everyone involved with the Extreme Makeover Project in Savannah that will air on ABC sometime in January.  Our partner, First Chatham Bank (FCB) in Savannah was selected as the bank and set up a Vantage merchant account for the week long fundraising event.  FCB was part of the last volunteer team on site while “Move that Bus” was filmed and finished the week with an Extravaganza hosted by Paula Deen.  The Simpson Family was so deserving of the new home, and we believe that funds collected will pay off the Simpson’s mortgage.   Congratulations to all on another successful Extreme Makeover Project! more

• First ever Small Business Saturday

  • Payment Industry

  November 16, 2010

  First came Black Friday, then came Cyber Monday, and now, American Express is launching the first ever “Small Business Saturday SM” on November 27th, the Saturday after Thanksgiving.  Small Business Saturday is a national movement to support and celebrate small businesses across the U.S.  While Black Friday and Cyber Monday drive sales to national chains and online retailers, Small Business Saturday recognizes the importance of small, independently owned businesses to the overall economy and local communities.

  Small Business Saturday Initiatives include:

  A major social media campaign to spread the word about Small Business Saturday and encourage people to give shout-outs for their favorite local shops and restaurants via Facebook and Twitter.

  The 1st ten … more

• US Firms Battle Late Invoices

  • Trade Credit

  November 01, 2010

  According to the "Atradius Payment Practices Barometer" survey (http://www.atradius.com) cash flow management remains critical for businesses. 

  Key U.S. survey findings:

  Approximately 39 percent of American invoices were paid "late"

  Fifty-two percent of U.S. respondents reported customers had asked for extended payment terms over the last six months. Forty-eight percent had delayed payment without prior agreement.

  U.S. respondents' main criteria for selling on credit terms are: "credit check," "track record" and "reputation"

  Average domestic payment term: 28 days Average domestic payment duration: 28 days Average foreign payment term: 36 days Average foreign payment duration: 32 days

  The most likely impact of overdue invoices was the need to "take specific measures to correct … more

by Ty Hardison

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