Alpina Debt Restructuring Confirmed

May 14th, 2015 Posted in Debt Restructuring | Comments Off on Alpina Debt Restructuring Confirmed

Kranj, 5 May – The Kranj District Court confirmed on Tuesday a debt restructuring plan for footwear maker Alpina after almost all creditors endorsed a ten-year debt repayment schedule.

SuiteWorld – pizzas, surfboards and the Holy Grail

May 14th, 2015 Posted in Cash Management | Comments Off on SuiteWorld – pizzas, surfboards and the Holy Grail

Omnichannel and omnibusiness means omnidisruption, said NetSuite CEO Zach Nelson as he announced SuiteCommerce InStore, the latest enhancement tothe firm’s e-commerce offering.

SuiteCommerce InStore is positioned as a system to integrate omnichannel capabilities into a mobile-first, point-of-sale (POS) solution that unifies the online and in-store customer journey. SuiteCommerce InStore is designed to empower the sales associate and elevate the shoppers brand experience.

SuiteCommerce InStore features include:

  • Full-featured POS with built-in reporting to provide real-time views into store statistics and cash management.
  • 360-degree customer profiles...

ATM cash loaders fill their pockets, arrested

May 14th, 2015 Posted in Cash Management | Comments Off on ATM cash loaders fill their pockets, arrested

Three persons, including two employees of a cash management services company, who had allegedly stolen Rs.1.49 crore from ATMs in which they used to replenish cash, were arrested by the police on Monday. The police recovered Rs.73 lakh, cell phones, motorcycles and household articles from them.

M. Sudheer Kumar (24), Mutha Ashok (26), both employees of CMS Info Systems, along with their associate Golla Manoj, took away cash from 23 ATM centres located on the ECIL route.

Sudheer and Ashok were entrusted the job of loading cash in 23 ATM centres on ECIL route.

As the duo was familiar with passwords and unlocking of the machines, they hatched a plot to steal cash without...

How Much Is the US Worth?

May 13th, 2015 Posted in Economic | Comments Off on How Much Is the US Worth?

Americans tend to have a good handle on how much their house is worth. But what about the land it sits on? Or all the land in their state?

Or, heck, how much is the continental US really worth? A government economist puts that figure, from sea to shining sea, at $22.98 trillion.

That’s William Larson’s estimate for the value of the 1.89 billion acres of land that accounts for the 48 contiguous states and the District of Columbia. The dollar figure–equal to about 1.4 times last year’s gross domestic productrepresents only the value of the land, and not buildings, roads or other improvements, and excludes bodies of water.

He also determined values...

Denmark moves step closer to being a cashless country

May 13th, 2015 Posted in Cash Management | Comments Off on Denmark moves step closer to being a cashless country

Financial institution lobbyist Finansraadet said going cashless would save shops money on security and time on managing change from tills.

Danish Prime Minister Helle Thorning-Schmidt and German Chancellor Angela Merkel

However, there are some fears that a complete move to electronic payment may increase the risk of fraud. In Sweden, for example, such cases have doubled in the past decade.

Denmarks biggest bank and owner of MobilePay, Danske Bank, has taken steps to prevent fraud by linking the app to NemID, a digital signature linked to the Danish equivalent of individuals National Insurance number.

Bill Gates, the founder and former chief...

EDITORIAL: Graduates must repay loans

May 12th, 2015 Posted in Education Loans | Comments Off on EDITORIAL: Graduates must repay loans

The way it has been treated by many beneficiaries as a social welfare agency with disregard for repayments can no longer be tolerated. There must be redress of this situation if others are to continuing benefiting.

The fund has long had a problem with delinquency, despite the pleas to pay up. The situation has got out of hand, with many borrowers disregarding the entreaties to honour their commitments.

We are clearly at a difficult stage. The state can no longer fund the scheme to meet expected demands at a time when there is a growing desire to pursue tertiary education. As the fund is not being replenished to the extent that it should be, an increasing number of would-be...

Veterans, members of armed forces have student aid options

May 11th, 2015 Posted in Education Loans | Comments Off on Veterans, members of armed forces have student aid options

Veterans and members of the US armed forces may be able to take advantage of numerous student financial aid programs, according to KHEAA.

They include the:

  • Montgomery GI Bill (Active Duty), available to armed forces members and some National Guard members who served on active duty. For more information, visit www.benefits.va.gov/gibill/mgib_ad.asp.
  • Post-9/11 GI Bill, available to those who served at least 90 days of active duty after September 10, 2001. Those who were honorably discharged after serving 30 continuous days of active duty after that day are also eligible. For more information, visit www.benefits.va.gov/gibill/.
  • Federal Tuition...

US Treasury eyes larger cash buffer against ’emerging threats’

May 11th, 2015 Posted in Cash Management | Comments Off on US Treasury eyes larger cash buffer against ’emerging threats’

WASHINGTON (Reuters) – The US government said on Wednesday it will start keeping more cash on hand for when it cant tap debt markets, a measure that could help it pay bills during a natural disaster or a cyber attack.

In its announcement, the US Treasury also said it would start raising the level of short-term debt on the market to meet demand for Treasury bills, which has been pumped up by rules enacted since the 2007-2009 financial crisis requiring firms to hold more cash-like securities.

The announcements are examples of how debt management strategies have shifted following a series of natural and manmade disasters over the last 15 years.

The Treasury will...

Best Practices in International Cash Management

May 10th, 2015 Posted in Cash Management | Comments Off on Best Practices in International Cash Management

Treasury teams need to ensure their cash management processes are optimized for all markets, to ensure the smooth running of their treasury operations, as well as complying with local regulations.

As globalization increases, treasury has become an increasingly international operation. However, the practices and regulation of treasury are not uniform across the globe. This comprehensive guide provides essential information for any treasury team that is looking to enter new territories, or already has an international presence, but wants to ensure that their cash management processes are optimized for all markets, to both ensure the smooth running of their treasury operations, as well...

SELENA SWARTZFAGER: Students best prepared by Master Teachers of …

May 9th, 2015 Posted in Economic | Comments Off on SELENA SWARTZFAGER: Students best prepared by Master Teachers of …

Last week, 20 teams from 18 schools from throughout Mississippi competed, flexing their intellectual muscle and testing their economic knowledge at the state Economics Challenge.  In its 12th year and made possible by BankPlus, Blue Cross amp; Blue Shield of Mississippi, State Farm, Millsaps College, and Security Ballew, Inc. and delivered by the Mississippi Council on Economic Education, high school students completed three rounds of testing, worked in teams to solve case problems, and participated in a quick-paced quiz-bowl in order to compete for the title of State Champions.

Every spring, the council applies the excitement of an athletic competition to academic excellence and encourages...