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Ottawa, Ontario (PRWEB) June 10, 2014

Solace Systems announced today that Cr

AlignCloud Partners with Host Merchant Services to Offer Secure Credit Card Processing for Web Hosting Providers


Newark, DE (PRWEB) September 10, 2013

Credit card processor Host Merchant Services has announced a promising new partnership with cloud consulting firm AlignCloud. The product of extensive research and collaboration, this partnership represents an exciting opportunity for customers to benefit from the combined expertise of these two companies.

AlignCloud tailors services for cloud providers and end-users alike. From cloud readiness assessment planning to cloud vendor management, AlignCloud provides indispensable services for all cloud customers. For cloud hosting providers, AlignCloud can help providers train sales staff, draft sales plans and fully engage with Web marketing and SEO. With its focus on the cloud and web hosting market, AlignCloud is a natural referral partner for Host Merchant Services. HMS CEO Lou Honick has aptly summarized the buzz surrounding this collaboration. “Our expertise in e-commerce, payment cost optimization, and security meshes perfectly with AlignCloud to create compelling offerings,” Honick said of the AlignCloud partnership. AlignCloud clients can now seamlessly access secure, reliable merchant services, PCI compliance solutions, and e-commerce.

In the business world, demand for cloud services has reached an all time high. As mobile devices become more important for business, public worries about information security keep pace. For AlignCloud’s customers, HMS has designed services to insure absolute peace of mind. According to AlignCloud CEO Stacy Griggs, the program will provide clients with “lower rates and better service for credit card processing, mobile payments and merchant services.” The experts at HMS combine technical knowledge with uniquely dynamic customer service. Through expertise in data security and fraud reduction, Host Merchant Services promotes more confident commerce, both for businesses and customers alike.

For Host Merchant Services, the partnership with AlignCloud is part of their successful strategy to partner with the web hosting and cloud services industry. Companies like AlignCloud can better serve clients by integrating credit card processing into their offerings. Through Host Merchant Services, AlignCloud customers will experience hassle-free credit card processing with 24x7x365 hour technical support and responsive website. Clients of AlignCloud can also earn extra revenue by referring their customers to the program.

About AlignCloud:

Based in Louisville, Kentucky, AlignCloud is a recognized force in cloud consulting and training. With experience in all types of cloud projects, the experts at AlignCloud embody the cutting edge of IT consulting. As a provider of services for both cloud users and cloud providers, AlignCloud’s unusually broad experience allows for truly innovative problem-solving.

About Host Merchant Services:

A different type of financial service provider, HMS is changing its industry with a uniquely customer-oriented approach. The firm’s products include credit card processing, gift and loyalty cards, e-commerce, PCI compliance, mobile payments and other merchant services. Based in Newark, Delaware, this company provides truly outstanding pricing and support for discerning merchants.







Biz2Credit Analysis of Women-Owned Companies Finds Earnings, Credit Scores, and Small Business Loan Applications Rose Dramatically in 2013


New York, NY (PRWEB) March 04, 2014

Earnings and business credit scores of women-owned companies soared in 2013, according to Biz2Credit.com, the leading online credit marketplace, which analyzed more than 10,000 applications from all across the U.S. on its platform during the past year. Average earnings for women-owned businesses rose to $ 54,114 in 2013 from $ 35,135 in 2012 — a whopping 54% jump in a year-to-year comparison. Further, the average credit score for women-owned companies rose to 610 in 2013, up from 592 in 2012.

The 600 benchmark is critical for any business seeking funding. Companies with credit scores under 600 find it next to impossible to secure bank loans and often resort to borrowing money from higher cost sources of capital, such as alternative lenders, said Rohit Arora, CEO of Biz2Credit, who oversaw the research. While the average credit score for women-owned businesses was 14 points lower than for male-owned companies, the gap has closed; in 2012, the difference was 40 points.

The Biz2Credit report also found that twice as many women-owned businesses sought funding than they did in 2012. Overall, they raised $ 55 million with an average loan size of $ 85,000. Additionally, women are applying for loans after slightly more than two years in business (27 months), rather than 40 months in business, which was the case in 2012.

This demonstrates a growth in confidence and a desire for company expansion, Arora, one of the nations leading experts in small business lending, added. It is further evidence of the economys slow, but steady, rebound from the Great Recession. Companies do not borrow money unless they anticipate that they will have the ability to pay it back.

Key findings:


Twice as many women-owned businesses applied for credit in 2013 than they did in 2012.
Women-owned companies are applying for credit at an earlier stage in their life cycle.
The average credit score for women-owned companies rose to 610 in 2013 from 592 in 2012.
Average earnings for women-owned businesses rose to $ 54,114 in 2013 from $ 35,135 in 2012, a stunning 54% increase in a year-to-year comparison.

“These figures reflect confidence in the ability of women-owned businesses to pay back loans. Accordingly, the quality of companies applying for funding has improved as credit scores for female-owned companies rose to 610 from 592, said Arora. “Having a credit score below 600 is a critical for any business seeking.”

Women-owned vs. Male-owned Businesses:

Women to Men Ratio: 27% vs. 73% registrations on Biz2Credit.com in 2013.
Average Annual Revenue: Average revenue for women-owned businesses ($ 54,114) was $ 24,617 lower than the annual revenue of male-owned companies ($ 78,731) in 2013.
Average Operating Expenses: Women-owned businesses tended to have average operating expenses. Expenses were 41% of earnings for women-owned businesses; 38% for male-owned companies.
Average Credit Score: On an average, the credit scores for women-owned businesses (610) were 20 points lower than for male-owned companies (630). The difference was 40 points in 2012.
Average Age of Business (in months): 27 vs. 31 (the age of businesses applying for loans was lower for women-owned businesses).

Biz2Credit cited the following causes for the improvement of the fortunes of women entrepreneurs:

1. Education is making a difference. More women are enrolled and completing their college degrees at this point. Eventually this fact is showing up in the economy.

2. The U.S. is now a knowledge-based economy that takes advantage of technology. Women can work from home, take care of the family, and work on a laptop or, increasingly, a smart phone.

3. Women-owned businesses have become more competitive, more efficient, and more cost effective than ever before. For instance, the retail industry has changed. Traffic is built via social media as consumers check profiles, reviews and comments about businesses.

4. The rise of digital and social media has significantly reduced marketing costs. Companies can engage in mobile advertising and social media outreach, instead of spending a fortune on TV advertising. New tools in the marketing tool kit, and they are cheaper forms are more effective in reaching target audiences.

5. Online lending portals have incorporated lenders eager for the high yields that small business lending can produce while also lowering the cost of capital. Business owners shop for lower interest rates and faster loan approvals just as consumers comparison-shop online for deals from retailers. Entrepreneurs have taken to the web in order to find start-up loans, expansion loans, lines of credit and other types of financing.

6. New entrants, such as institutional investors, in the small business lending marketplace, and the aggressiveness of small banks in making SBA loans, have greatly benefitted small business borrowers. Interest rates, particularly among cash advance companies, dropped between 5-6% in 2013 primarily due to competition in the marketplace.

7. Overall startup costs of all types of businesses have gone down. Cloud computers have replaced big servers, and companies dont need big offices as many employees conduct business from home on their laptops, tablets and smart phones. The business world has gone virtual, which saves money for women who have entered high margin consulting businesses, such as p.r., social media marketing, etc.

The small business loan approval rate for women-owned companies was 31% in 2013, compared to the 2012 rate of 26%. However, the funding success rate of female-operated firms remains 8% lower than they are for male-owned companies (39%). Part of this can be attributed to large banks that are still relatively unwilling to fund firms that have been in operation for less than two years.

Women-owned businesses have been able to secure funding from non-bank lenders, which are more willing to lend to younger businesses than big banks are. The catch is that they usually charge higher interest rates, Arora explained. I expect that this scenario will correct itself as women-owned companies mature and expand. As female entrepreneurs gain experience, the gap should continue to close.

Overall, the gaps are narrowing. This report shows that clearly women are doing better. Education is making a difference as more men than women are enrolled in and graduating from college, Arora continued. Women are entering low investment, higher margin businesses, such as interior design, consulting, eLearning, social media and even cupcake businesses. Technology is helping them cut operating, marketing and financial costs.

On Thursday, March 6th, Biz2Credit will host a webinar, The Venus and Mars of Small Business Finance, from 3:00 – 4:00 p.m. ET, during which entrepreneurs can ask advice of small business experts. The webinar will be hosted by veteran female entrepreneur and small business expert Anita Campbell, founder, CEO and Publisher of Small Business Trends and feature Rohit Arora, CEO of Biz2Credit, who will examine small business lending programs for women entrepreneurs and sources of funding in a still tight credit marketplace; Lisa Cook, a former member of the Presidents Council of Economic Advisers, who will examine the overall impact of small business on the U.S. economy; and John Meyer, Director of Education for The Company Corporation, who will talk about the importance of choosing the right business structure, differences between forming a corporation (C-Corp or S-Corp) and an LLC, and some of the tax implications of each business format. Click here to register.

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than $ 1 billion in small business funding throughout the U.S. and is widely recognized as the #1 online cre

Bank Street Joint Lead Arranger for $135 Million Alpheus Credit Facility

Stamford, CT (PRWEB) June 10, 2013

Bank Street Group LLC announced that it served as joint lead arranger for a $ 135 million senior secured financing closed by Alpheus Communications, LLC on May 31, 2013. The financing comprised a $ 110 million term loan, $ 15 million underwritten delayed draw term loan and $ 10 million revolving credit facility. The financing solution also affords up to an additional $ 40 million under certain conditions with an accordion feature in order to accommodate future organic or strategic growth initiatives by Alpheus.

We are pleased to have accessed the credit markets on highly favorable terms and conditions in order to refinance our existing indebtedness and provide a solid base for future investment and growth, said Scott Widham, Chief Executive Officer of Alpheus. Bank Streets unique industry knowledge and insight, combined with the teams creativity and understanding of the credit markets, enabled Alpheus to structure and syndicate a transaction which most effectively addressed the companys capital requirements on an expedited basis.

Bank Street recently announced the expansion of its debt capital markets capabilities to go beyond the firms traditional role as a placement agent for broadly marketed leveraged loan transactions. Bank Street has aligned itself with large institutional pools of capital with broad credit capacity and significant experience across the Communications, Media and Technology sectors. With its expanded credit platform and capabilities, Bank Street will act, as we have in this transaction, as joint lead arranger to deliver underwritten solutions for highly customized senior and uni-tranche debt financings ranging from $ 25 to over $ 250 million for its U.S. and international clients.

About Alpheus Communications

Alpheus Communications is a leading provider of metro and regional fiber networking and data center solutions serving carrier and enterprise customers in Texas. Acquired by the The Gores Group, LLC in December 2011, the company operates a 6,000 route mile fiber network providing metro and intercity connectivity in Dallas-Fort Worth, Houston, San Antonio, Austin, Corpus Christi and the Rio Grande Valley. Alpheus also supports mission-critical information technology functions and cloud computing solutions through its resilient SSAE 16-compliant data centers for colocation and disaster recovery. Visit http://www.alpheus.net for more information.

About Bank Street

Bank Street Group is an investment banking firm providing a comprehensive array of financial advisory services to middle-market companies. Our senior professionals have originated, structured and executed more than $ 500 billion of financial and strategic transactions and are dedicated to bringing the breadth and depth of this experience to bear to the benefit of our clients. With a portfolio of capabilities that includes Financial Advisory, Mergers & Acquisitions, Private Placements of Debt & Equity, Restructuring & Turnaround Advisory, Valuation and Fairness Opinions, Bank Street offers one-stop shopping for our clients seeking sophisticated financial services. Bank Street is a member of FINRA and SIPC. Visit http://www.bankstreet.com for more information.







More Cloud Computing Press Releases

Doxim Partners With Neocog Technologies Inc. to Deliver Integrated Solution for Secure, Cloud-based Document Storage for Credit Union Clients


Toronto, ON (PRWEB) May 02, 2012

Doxim Inc., (http://www.doxim.com), a leading provider Automated Account Opening, cloud-based Enterprise Content Management and Advanced Document Processing solutions for Financial Service Providers, today announced that it has entered into a partnership with Neocog Technologies Inc. to provide secure Cloud based storage for all documents accessed by Neocog ACE CRM Users.

Working together, Doxim and Neocog will deliver a bi-directional interface between Doxim Enterprise Content Manager (ECM) and Neocog ACE CRM. This will allow any document uploaded to Neocog ACE to be routed and stored in Doxims secure online document archive. It will also allow all documents already resident in Doxim ECM to be seamlessly accessed through the Neocog ACE CRM user interface. These documents can include, among others, monthly statements, cheque images and year-end tax forms.

For many users, Neocog ACE CRM is the go to application for many of their day to day activities, so being able to store customer documents, like account opening information (e.g. KYC documents) or other documents in Doxim ECM yet access them quickly and easily from within the ACE interface will provide significant improvements in user productivity.

Key Benefits:

Simplified and transparent access to the entire collection of member files stored on Doxim ECM, driving staff efficiency and improved member service
Reduced effort by uploading files to one, centralised location that can be integrated with multiple other locations such as online banking portals
Enhanced data security, as all documents are stored in Doxims CSAE 3416 compliant cloud infrastructure, creating one secure authoritative source of client related documents.
Ability to leverage Doxims eDocument capabilities that allow a broad array of documents to be exposed to members via their online banking portal

Business Intelligence for Document-Based Campaigns

The partnership between Doxim and Neocog will also allow users of Neocog Cognito Data Warehousing and Data Mining to mine data by customer segments and use this to greatly enhance the demographic targeting of marketing messages on customer statements, direct mail letters or any other correspondence that needs to be targeted to a specific demographic.

Paperless Lending Strategy

The product level integration between Doxim ECM and Neocog ACE CRM will also facilitate the introduction of paperless lending for users of the Neocog Intellilender application. This will allow loan documents to be created and executed, and then archived online, without the need for printing loan files. Once these documents are resident on Doxim ECM, they can be easily accessed via the ACE CRM user interface or be exposed to members via their online banking portal.

Executive Quotes

Our recent field research identified variances in the way customers were storing different types of documents. Some were being stored locally In Neocog ACE CRM, others remotely in Doxim ECM. The latter were not easily accessible by ACE Users. This integration delivers a neat solution to these issues, providing a way for all critical customer documents to be stored in, and seamlessly accessed from, Doxims secure online document repository. Its a win, win, win for Doxim, Neocog and our many joint customers.

Chris Rasmussen, President and CEO, Doxim

Doxim and Neocog are both focused on delivering the very best in products and services, tailored to the needs of the common customers that we serve. So its particularly gratifying when partnerships like this can lead to new offerings that deliver such immediate and tangible benefits to our joint customers.

Chris Palmer, President and CEO, Neocog

About Doxim

Doxim builds and delivers automated account opening software, cloud-based Enterprise Content Management, and advanced document processing solutions for Financial Service Providers and their outsourcing partners. These solutions are used by thousands of clients in banking, credit unions, wealth management and investment brokerage to create, deliver and manage business critical documents and content more efficiently and cost effectively. Doxim solutions help these organizations to improve client communications, streamline document access and meet the stringent compliance requirements associated with transactional document output and delivery. Doxim is an SSAE16/CSAE 3416 compliant organization. Find out more at http://www.doxim.com.

About Neocog Technologies Inc.

Neocog Technologies delivers solutions designed to empower the entire organization. Neocogs Member 1st suite of solutions ACE, Cognito and IntelliLender empower staff by giving them a robust 360 degree view of their members, the ability to process and decision loans quickly and efficiently and gives management easy access to vital information for strategic decision making. Neocog Technologies provides its sales and service solutions to many of Canadas leading credit unions, including Meridian Credit Union and Libro Financial Group in Ontario, Conexus and Affinity credit unions in Saskatchewan, Servus Credit Union in Alberta and Westminster Savings Credit Union in British Columbia.







Related Cloud Infrastructure Press Releases

CoNetrix Launches New Tandem Compliance Calendar to Assist Banks and Credit Unions with Regulatory Compliance


Lubbock, TX (PRWEB) July 24, 2012

CoNetrix, the leading information security and technology solutions provider for financial institutions, announced the release of tandem Compliance Calendar on June 30, 2012. A new module in their tandem Security and Compliance software suite, the tandem Compliance Calendar is designed to help financial institutions effectively manage regulatory requirements and schedule compliance tasks such as the release of new rules and guidance, risk assessments, training, audits, exams, board related items, and other required events.

“We created this compliance management tool based on requests from our customers,” said Russ Horn, CoNetrix President. “We found there was an unfulfilled need to provide financial institutions with the ability to view, schedule, create and manage all of their required tasks from one location, so we are pleased to provide this new compliance software management tool complimentary to financial institutions as a way of giving back to the banking community,” Horn commented.

Some of the features and benefits of the complimentary tandem Compliance Calendar include: a dashboard overview displaying upcoming events, past due events, proposed events, year at a glance, and more; a calendar view for visually managing events; an event scheduler to easily view, schedule, and track repeating requirements; event categories allowing you to sort and filter events; email notifications and reminders; a list of recommended regulatory events and recurring requirements; the ability to add events and requirements; and much more.

About tandem Security and Compliance Software: tandem was the first comprehensive online Information Security Program software solution designed to help financial institutions create and maintain a complete program to comply with GLBA and the Interagency Guidelines Establishing Information Security Standards. While tandem was designed as a complete solution from the ground up, it was fashioned into modules which allow for versatility. The modules include risk assessment, policies, vendor management, business continuity plan, identity theft prevention program, internet banking security program, and now compliance calendar. Today, tandem serves more than 450 financial institutions, with over 9,500 active users in over 40 states.

About CoNetrix: CoNetrix is a full-service technology consulting, security and compliance firm with roots dating back to 1977. Founded in Lubbock, Texas, CoNetrix now serves customers across the U.S., providing a variety of technology and security solutions, including online security and compliance software, IT audits, security vulnerability testing, risk management, technology consulting, cloud hosting, and managed services. Security is designed into all of its offerings, from its software to its consulting services. CoNetrix specifically serves financial institutions such as banks, savings associations, credit unions, and trust companies as well as enterprises requiring a high level of security in their operations. CoNetrix is headquartered at 5214 68th Street, Suite 200, Lubbock, Texas 79424; telephone 806-687-8600 or (toll free) 800-356-6568; email info(at)CoNetrix(dot)com

Learn more about CoNetrix at http://www.conetrix.com