Point-of-sale debit cards boost customer service, but don't slow collections

Article Abstract:

Corporations are experimenting with point-of-sale debit cards that replace or supplement customer checks; it is hoped that the use of electronic debits will speed collections, allow for more accurate daily cash calculations, and improve the accuracy of cash forecasting. Vons Grocery Company has initiated the use of point-of-sale debit cards so that customers may pay for purchases with their cards; improved customer service is Vons' primary objective. Vons is not on-line with the ACH, which would guarantee that funds are available in the customers' bank accounts; instead, Vons wants to make the decision to accept payment itself. The system has been in operation since December 1985, and benefits have not yet been determined.

Grocery stores, Methods, Usage, Innovations, Computer peripherals industry, Cash management, Debit cards, Vons Companies Inc.

---

Federal guidelines alone won't ensure the stability of the bank you select

Article Abstract:

Although the U.S. Comptroller of the Currency is making regulatory efforts to determine capital adequacy standards, treasury managers should nonetheless impose their own standards for financial stability when choosing a financial institution. Assessing the financial stability of a bank should include: reviewing the bank's financial reports over a five-year period, examining its growth pattern during that time; carefully analyzing the bank's holding company (if it is owned by one); checking outstanding loans and bad-loan capitalization percentages; obtaining figures regarding off-balance sheet liabilities; and considering factors such as the bank's retail base, its profitability and direction.

DEPOSITORY INSTITUTIONS, Standards, Banking industry, Analysis, Financial institutions

---

Similar abstracts:

• Abstracts: Pension costs - practical help please. More practical thought on pension costs. Farewell to cash accounting
• Abstracts: BT fumbles for change. BT searches for a new connection. Telefonica
• Abstracts: Making sense of modified historical cost accounts. Depreciation: the DCF connection. ED 37 - accounting for depreciation
• Abstracts: Two year update on the Emerging Issues Task Force. Accounting for pensions - two key areas. Impairment of value of long-lived assets
• Abstracts: Coping with FASB's new pension rules. FASB re-examines compensation for stock plans. How the FASB exposure draft would revamp pension accounting

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.