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Friday, September 30, 2005

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Mobile Community SMS.ac Wins Frost and Sullivan Award at Annual Ceremony

Source: SMS.ac, Incorporated

Mobile Community SMS.ac Wins Frost and Sullivan Award at Annual Ceremony
Coveted Analyst Award is Third 'Best Of' Award for SMS.ac in 2005


SMS.ac

SAN DIEGO, Sept. 27, 2005 -- Frost & Sullivan (www.frost.com), a global growth consulting company, this week awarded its "2005 North American Wireless Market Penetration of the Year Award" to SMS.ac, Inc. (www.sms.ac). The award marks the third time this year that SMS.ac has been the recipient of an annual "best of" award within the wireless industry.

"SMS.ac was chosen to receive this award based on its array of innovative and outstanding strategies," said Brent Iadarola, Industry Research Manager for Frost & Sullivan's Mobile Communication's Group. "These strategies have enabled SMS.ac to

...



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Tuesday, September 27, 2005

Understanding the Financial Option of Cash Advances and Payday Loans

Understanding the Financial Option of Cash Advances and Payday Loans

A payday loan or cash advance is a financial service that is used by an individual that finds themselves short on cash. One can apply for a payday loan online or in certain states, a cash advance store, and recieve a paycheck advance to hold them over until next payday.

Payday loans are intended for a short term use. Payday Loans (which also go under the name of cash advances, personal loans and paycheck advances) are arranged for employed individuals who find themselves in a predicament where they are short of fluid cash. That is why they are called payday loans and should be paid with the next paycheck.

The payday loan lending industry has generated billions of dollars in loans and keeps growing at an enormous rate.

There are many people that have considered or wondered about the option of a payday loan or cash advance. Lets shed some light on the subject. A cash advance is a financial service that allows an individual to borrow money for a fee when you need it the most. To qualify for a payday loan or cash advance, one just needs to fill out the no hassle, no credit check personal loan application. Qualifying is easy, the following guidelines are as follows; One must be 18 years of age or older, a United States citizen, make $1000 per month, and have a checking or savings account. It is really that easy. An individual can apply for a payday loan either online, though an 800 number, or in certain states a payday loan store. Although one does not want to become dependent on online payday loans or cash advances, they are helpfull when you need to pay bills, such as credit cards. Not only does the monthly finance charge hit hard, but if you miss a payment on your card, it goes against your credit rating, making it all that much harder to get a home or apartment, and applying for a car loan. I hope you found the information above usefull. Thanks for looking.

from a press release


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Monday, September 26, 2005

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Wednesday, September 21, 2005

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Chicken Recipes Mailing List Moves to New Location

Chicken Recipes Mailing List Moves to New Location

Chicken Recipes sharing continues on new list.

Scottsdale Arizona -- The World Famous Chicken Recipes Mailing List has moved. The world's largest chicken recipe sharing list has been forced to move and is beginning a campaign to rebuild the list to its previous size and beyond.

The new list can be found at:

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Wednesday, September 14, 2005

Report Critiques Payday Loans, Encourages Role for Banks

Report Critiques Payday Loans, Encourages Role for Banks

Banks and credit unions can make money and help their low- and middle-income customers by offering lower cost alternatives to high-fee payday loans, according to a new report, “Low Cost Payday Loans: Opportunities and Obstacles.” The study was funded by the Annie E. Casey Foundation in Baltimore.

Banks and credit unions can make money and help their low- and middle-income customers by offering lower cost alternatives to high-fee payday loans, according to Sheila Bair, a professor at the University of Massachusetts Amherst and author of the report, “Low Cost Payday Loans: Opportunities and Obstacles.” The study was funded by the Annie E. Casey Foundation in Baltimore.

“Payday loans are an extremely high-cost form of short-term credit,” Bair says. “The high fees are exacerbated by many borrowers using the product 10 to 12 times a year. They are used predominantly by those who can least afford them.”

Several factors make it economically viable for banks and credit unions to offer alternatives to payday loans, Bair says. Banks and credit unions already have the offices, loan staff and collection mechanisms, and they can minimize credit losses through the use of direct deposit and automatic deductions for repayment. They can also offer small-dollar credit at lower margins because they offer a wide variety of banking products and services. Revolving credit lines offered by banks and credit unions provide convenience, greater privacy and speed for the customer, compared to payday loans, the report says.

Payday loans are short-term loans of small amounts, generally less than $500. The loans are secured by the borrower’s personal check and post-dated until the borrower’s next payday. Typically, the cost ranges from $15 to $22 per $100 for a two-week loan, which works out to an expensive annualized percentage rate (APR) of 391 to 572 percent.

Under the current system, when a customer borrows $300, and the charge is $15 per $100 of loan, the customer writes a check for $345. The lender agrees to defer deposit of the check until the customer’s next payday.

Payday lending has grown explosively in recent years. Last year (2004), 22,000 payday loan stores nationwide extended about $40 billion in short-term loans. Most borrowers – 52 percent – make between $25,000 and $50,000 per year, and 29 percent earn less than $25,000 a year.

The biggest impediment to low-cost payday alternatives, the report says, is the proliferation of fee-based bounce protection programs. “So many banks rely on bounce protection to cover customers’ overdrafts for fees ranging from $17 to $35 per overdraft that they don’t want to cannibalize profits by offering customers other low-cost options,” says Bair.

Other barriers preventing banks and credit unions from entering this market include the stigma associated with offering small dollar loans, and the misperception that federal banking regulators are hostile to the idea. “On the contrary, our research shows that regulators view low-cost, properly structured payday loan alternatives as positive and likely warranting credit under the Community Reinvestment Act,” says Bair. “We recommend that regulators step up to the plate and publicly encourage payday alternatives.”

The report describes several examples of profitable payday loan alternatives. The best model, says Bair, is the North Carolina State Employees’ Credit Union (NCSECU), which since 2001 has offered customers a checking account linked to a revolving line of credit. It charges an APR of 12 percent, or $5 for a $500, 30-day loan. It also requires borrowers to save 5 percent of any money borrowed and place it in a savings account. After 18 months, this program generated more than $6 million in cumulative savings.

Another good model is the Citibank Checking Plus program, which is a revolving line of credit linked to a customer’s checking account, offered at a 17 percent APR. “This product can be used by low- and middle-income families to meet short-term emergency cash needs,” Bair says. Other recommendations include:

-- The Federal Reserve Board should require banks and credit unions to disclose the cost of fee-based bounce protection to customers who use it on a recurring basis. This would help consumers understand the real cost and strengthen the institutions that offer competing lower cost options.

-- Banks and credit unions should combine small dollar products with mandatory savings features to help customers accumulate savings.

Copies of the report are available at: http://www.aecf.org/publications/data/payday_loans.pdf

Bair will discuss this report on Sept. 29 at a conference in Washington, D.C., hosted by the Federal Deposit Insurance Corporation. FDIC Director Tom Curry, a former Massachusetts banking commissioner, will also speak at the conference.

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Chicken Recipes Mailing List Moves to New Location

Chicken Recipes Mailing List Moves to New Location

Chicken Recipes sharing continues on new list.

Chandler Arizona -- The World Famous Chicken Recipes Mailing List has moved. The world's largest chicken recipe sharing list has been forced to move and is beginning a campaign to rebuild the list to its previous size and beyond.

The new list can be found at:

http://groups.yahoo.com/group/chicken-recipes-mailing-list/

and the searchable archives are at:

http://groups.yahoo.com/group/chicken-recipes-mailing-list/messages/

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Tuesday, September 13, 2005

SMS.ac - Mobile Company SMS.ac Looking to Hire Up to 100 Employees From Areas Ravaged by Hurricane Katrina

SMS.ac - Mobile Company SMS.ac Looking to Hire Up to 100 Employees From Areas Ravaged by Hurricane Katrina

SMS.ac Providing Hires with Relocation Assistance to San Diego Headquarters


SAN DIEGO, Sept. 13, 2005 -- If an upside can be found to the tragedies that recently befell the Gulf Coast in the aftermath of Hurricane Katrina, it is that out of loss, there sometimes emerges opportunity. SMS.ac, Inc., the mobile data communications company that is host to the largest community of mobile consumers in the world is coming to Louisiana-to hire, that is. The Company today announced it is focusing recruitment efforts in areas hardest hit by Katrina.

"As a result of the hurricane, there are a lot of displaced and highly qualified professionals that are now available for hire," said Ken Smith, vice president of human capital at SMS.ac. "Primarily, SMS.ac is seeking software engineers, project managers and business development candidates.

"Upon hire, SMS.ac will provide relocation assistance for new additions to the SMS.ac team from that region and we will help them get situated in San Diego," added Smith. "What these individuals have endured is unimaginable for most of us. SMS.ac hopes that it can do its part to put some lives back on track that were derailed by the worst natural disaster the U.S. has ever known."

Of the mostly Louisiana-based organizations that SMS.ac is working with to locate qualified candidates, two are located in New Orleans, the Louisiana Technology Council and the regional chapter of Women in Technology International. Candidates interested in interviewing with SMS.ac for engineering, project management and business development positions should send their resumes and a cover letter to hr@corp.sms.ac. Ken Smith asks that candidates reference "Katrina" in the email subject line, to expedite response time.

Earlier this year, industry standard FierceWireless called SMS.ac one of the top 15 emerging wireless companies in the world, naming the Company to its "Fierce 15" list. And market intelligence firm IDC calls SMS.ac one of the top emerging wireless players to watch in 2005.

To receive SMS.ac press releases via email, register at prsubscribe@corp.sms.ac. You may unsubscribe from this service by sending an email to prunsubscribe@corp.sms.ac.

About SMS.ac

SMS.ac, Inc. is a global leader in mobile data communications. The company's proprietary MMSbox(tm) platform enables the interoperable exchange of mobile multimedia (MMS and SMS) and micro-transaction billing across all mobile standards, protocols and the Internet. A demonstration of the MMSbox platform is available at www.sms.ac

With more than 40 million registered mobile consumers in 180+ countries, and connectivity to more than 400 mobile operators worldwide, SMS.ac is host to the largest community of mobile phone users in the world. Through its global initiatives, SMS.ac is igniting the widespread adoption and use of wireless data. To view the SMS.ac corporate web site, visit www.sms.ac/corporate

CONTACT: SMS.ac:
Greg Wilfahrt
Executive Vice President
(619) 696-7300
prcomm@corp.sms.ac

Source: SMS.ac, Incorporated


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Monday, September 12, 2005

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Saturday, September 10, 2005

Financial Services Firm to Assist Katrina Victims

Financial Services Firm to Assist Katrina Victims

PLS Financial Services Announces the 'PLS Katrina Relief Plan' Consisting of Cash Donations, Collection and Distribution of Items for Needy Families, and The Donations of Computers and Computer Equipment to Small Businesses Impacted by Katrina

CHICAGO, Sept. 8 PLS Financial Services will donate over $35,000 and match the total donations from employees and customers to help victims of Hurricane Katrina. At their 200 store locations and corporate office, PLS will also collect donated clothing, toys, blankets and toiletries for needy families. More than two dozen computers and printers will be shipped from their corporate offices to small companies that were devastated by Katrina.


(Logo: http://www.newscom.com/cgi-bin/prnh/20050908/CGTH041LOGO )


The neighborhood stores of PLS Check Cashers of Texas, an affiliate of PLS Financial, are serving as a Red Cross/Western Union emergency cash distribution center for Katrina victims.


"We are concerned for our employees, customers, and everyone impacted by Hurricane Katrina," said Bob Wolfberg, president of PLS. "Our network of stores throughout the country will begin collecting and distributing supplies to needy families in Mississippi, Alabama, and Louisiana."


PLS Financial will also continue to pay all its employees in the affected areas until the company's stores in those areas are reopened.


Headquartered in Chicago, PLS Financial Services manages more than 200 store locations in Mississippi, Alabama, Texas, California, New York, Arizona, Indiana, Wisconsin and Illinois under its Payday Loan Store, PLS Check Cashers, and PLS Tax Services brands. Providing short-term loans and check cashing services, PLS employs more than 1,400 throughout their nine-state operation.


More information on PLS Financial can be found at http://www.plsfinancial.com/ .


PLS Financial Services, Payday Loan Store, PLS Check Cashiers and PLS Payday Loans have locations in Alabama; Arizona; Illinois; Indiana; Mississippi; Dallas and Houston, Texas; and Wisconsin.


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Thursday, September 08, 2005

Payday loans' topic of free forum

Payday loans' topic of free forum

Payday loans' topic of free forum

PAUL L. ALLEN
Tucson Citizen

advertisement

Nine local, area and state organizations are sponsoring a free Community Forum on Payday Lending, 6-7:30 p.m. today at Randolph Golf Club house, 600 S. Alvernon Way."



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Monday, September 05, 2005

Online Payday Loans to Break Historic Records for Remainder of 2005, Predicts Leadpile.com

Online Payday Loans to Break Historic Records for Remainder of 2005, Predicts Leadpile
Leadpile. expects the online demand for Payday Loans to continue to break all records for the remainder of 2005.

Phoenix, AZ -- Online Payday Loans are becoming such an easy alternative to going to the local Payday Store that Leadpile predicts that Online Payday Loan Sales for the remainder of 2005 will break all historic records.

Leadpile reports that their surveys indicate that as the Digital Divide becomes smaller, more and more people than ever will demand a fast, easy, and efficient marketplace to receive their Payday Loans.

Andy Jacob, CEO of Leadpile says, “Our survey shows that there will continue to be a very competitive atmosphere for Payday Loan providers on the Internet. It will be a race to the finish line for Payday providers who can provide the most efficient processes for Online Payday Loans.”

Jacob says, “We see an ever increasing number of people flocking to the Net for the popular Payday loan. As per our previous predictions that e-commerce will experience hyper growth this Holiday Season, we also forecast a continued upward swing of Online Payday Loans being offered to accompany the increased spending of consumers."

Jacob adds, “The Online Payday Loan Space is still in its infancy. Therefore, some companies are already building the infrastructures necessary to capture this ever growing market.” Jacob says, “We have not seen a space like Payday in a very long time. People want the convenience of the internet for this transaction, and they apparently, want it now."




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Thursday, September 01, 2005

Arizona Weblogs Directory - Hurricane Katrina Disaster Response

Arizona Weblogs Directory - Hurricane Katrina Disaster Response

We encourage you to help in the response to the disaster of Hurricane Katrina. If you have not yet donated to help the victims of Hurricane Katrina, please visit the "American Red Cross - Preparing for and Responding to Hurricane Katrina" site below.
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This message is posted on all of the following weblogs which are members of the Arizona Weblog Directory

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Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response
Hurricane Katrina Disaster Response

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