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(No Ratings Yet)American Express Credit Corporation Launches InterNotes® Retail Note Program
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NEW YORK, August 25, 2008 — American Express Credit Corporation announced today that it has commenced an American Express Credit Corporation InterNotes® program.
American Express Credit Corporation InterNotes® are unsecured medium-term notes due nine months or more from the issue date for sale to retail investors and will generally be offered at par in $1,000 increments. American Express Credit Corporation InterNotes® provide individual investors a variety of rates, maturity dates and interest payment options.
Banc of America Securities LLC and Incapital LLC will act as joint lead managers and lead agents under the American Express Credit Corporation InterNotes® program.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy American Express Credit Corporation InterNotes®, which may be made only by means of a written prospectus and related prospectus supplement. American Express Credit Corporation InterNotes® will not be sold in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Copies of the prospectus and related prospectus supplement for the offering to which this communication relates may be obtained from the Securities and Exchange Commission website at www.sec.gov or Banc of America Securities LLC at 1-800-294-1322 (toll free) or Incapital LLC at [...] Continue Reading…
(No Ratings Yet)State of Arizona Renews JPMorgan Contract for Paperless Distribution of Benefit Payments
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Arizona Quest Card Offers Claimants Easy, Secure Way To Receive State Assistance for Food Stamps, Other Programs
NEW YORK, August 21, 2008 - JPMorgan announced today that it has renewed its contract with the State of Arizona for the distribution of benefit payments to the more than 250,000 households currently participating in programs like food stamps and cash assistance. Utilizing JPMorgan’s electronic banking transfer services (EBT), program participants are able to access their benefits through convenient, easy-to-use debit cards. JPMorgan recently announced the renewal of similar programs with the States of Alaska and Colorado.
JPMorgan has served as the EBT contractor for the state’s Arizona Quest Card for more than a decade. JPMorgan’s EBT services enable state governments to cut the time and costs associated with the delivery of benefit payments. An alternative to expensive and cumbersome paper-based systems like checks or vouchers, debit cards reduce the significant costs of check delivery, administrative security and fraud, while enabling governments to enhance their paperless environmental initiatives.
“JPMorgan is honored to continue its partnership with the State of Arizona as we deliver efficient payment solutions designed to effectively meet the needs of its benefit claimants,” said Laurie Neill, Managing Director of Public [...] Continue Reading…
(No Ratings Yet)American Express Serves the Best Moments of US Open Tennis on and Off the Courts to New Yorkers and Fans Across the Country
American Express Entertains Cardmembers with Exclusive Benefits at the US Open
NEW YORK, August 19, 2008 — For the 15th consecutive year, American Express will offer sports fans and tennis aficionados everywhere boundless opportunities to experience the exhilaration of the US Open. Cardmembers will be able to take in all the action on complimentary handheld televisions streaming live matches from each court and, new this year, one-of-a-kind footage of favorite Open moments as told by tennis greats such as Venus Williams, James Blake and Billie Jean King. For fans that can’t make it to the courts, American Express will present daily online highlight shows in partnership with the United States Tennis Association (USTA) and invite New Yorkers to Madison Square Park to experience “US Open Live,” providing unparalleled access to this quintessential summer event.
American Express will support its 2008 US Open partnership with a multi-platform communications campaign featuring Venus Williams and James Blake. The campaign, which will include the Company’s “Are you a Cardmember®?” thematic, celebrates the excitement, energy and passion that is intrinsic to the Open. American Express ensures that Cardmembers never miss a moment of the Open and experience it like no one else can. The campaign will [...] Continue Reading…
(No Ratings Yet)Five-Time U.S. Olympic Swimming Gold Medalist Aaron Peirsol Is Honored by Bank of America for His Work to Protect the Oceans
Bank contributes $15,000 to Peirsol’s “Race for the Oceans” campaign
BEIJING, Aug. 19 /PRNewswire/ — Bank of America today announced a $15,000 contribution to Aaron Peirsol’s “Race for the Oceans” campaign, following the U.S. Olympic swimmer’s gold medal performances in the men’s 100 meter backstroke and 4×100 meter medley relay at the Beijing Olympic Games. Peirsol, a Bank of America endorsed athlete who also secured a silver medal in the men’s 200 meter backstroke, created “Race for the Oceans” with ocean advocacy group Oceana to raise awareness about the threats facing the world’s oceans by providing a forum for swimmers and swimming fans to “dive in” to ocean conservation. In addition to his accomplishments during the Beijing Olympic Games, Peirsol won three gold medals at the 2004 Olympic Games in Athens, Greece.
Peirsol, 25, and a native of Irvine, CA, is part of the Bank of America Hometown Hopefuls® program. Through this program, Bank of America provides financial support and marketing exposure to 12 U.S. Olympic athletes and hopefuls.
“Aaron’s accomplishments in the pool are equaled only by his dedication and commitment to protecting the world’s oceans,” said Ray Bednar, Global Sponsorship Marketing executive, Bank of America. “We are delighted to celebrate [...] Continue Reading…
(No Ratings Yet)The Catch 22 of Building Credit When You Have None
In today’s world it is almost impossible to obtain anything without having a good credit line behind you. However, when you are an individual who is just starting out in the financial world and you haven’t even had the chance to establish any credit yet, this can become extremely frustrating. You have to already have credit, to get credit. This type of problem can make any individual feel defeated very quickly. So where do you begin in this viscous circle?
Before you begin, it is important to realize how important it will be in the long run to make it a point to always pay your bills on time, and protect any type of credit you receive, no matter how small it may seem. After all, your credit line will end up following you around for the rest of your life. It can either be something that is extremely helpful to you, or it can be something that can end up causing you a lot of nightmares.
Almost everyone in today’s time either has, or plans to have cable or satellite T.V. Or, what about a telephone, or other utility? These are small things [...] Continue Reading…
(No Ratings Yet)Bank Of America And Housing Assistance Council Partner To Improve Rural Housing Opportunities With $10 Million PRI
HAC receives $200,000 grant from the Bank of America Charitable Foundation
Washington, DC, (August 15, 2008) – The Housing Assistance Council (HAC) today announced it received a $10 million Program Related Investment (PRI) from Bank of America, to improve affordable housing opportunities for rural Americans. The investment, the largest private commitment HAC has received to date, will allow the organization to provide financing for the creation and preservation of affordable housing in rural communities across the country.
“Millions of low-income rural families needed better, more affordable homes even before the housing market slump,” stated Housing Assistance Council Executive Director Moises Loza. “The demand for HAC’s lending resources has outpaced our ability to make loans to local organizations that build or rehabilitate affordable homes. We are delighted that Bank of America is helping address the needs of rural communities by helping us create more funding opportunities for these critical projects.”
A PRI, which is a long-term, repayable loan/investment, is a specially structured product available only to certified Community Development Financial Institutions like HAC. This investment will help capitalize HAC’s Rural Housing Loan Fund, which provides short-term loans at below market rates to local nonprofit organizations, for-profit companies, and government entities developing affordable housing [...] Continue Reading…
(No Ratings Yet)Knowing What To Compare On Different Business Credit Cards
As with any type of credit card that you might be applying for, one of the first important steps that you will want to do is to make a comparison on the many different business credit cards that are available today. By doing so, this will ensure that you will be receiving just the right card that will work best with your particular company, and one that will offer you the most advantages.
In making sure that you know exactly what you should compare on each of the different credit cards that are available is a big step in getting closer to receiving the right business credit card for your company.
Almost all cards, and even those that are business credit cards seem to be offering some type of rewards or rebates to customers who make purchases with their cards. This is one advantage you might want to compare between each card that is available and see which one offers the bonus flight miles, gift cards, or cash back rewards.
Because of the significant difference between the two, one important thing you need to compare would be [...] Continue Reading…
(No Ratings Yet)Bank of America Names Richard Warriner Middle Market Banking Client Manager
Leads Team Serving Clients in Springfield and Southwest Missouri
SPRINGFIELD, Mo., Aug. 13 /PRNewswire/ — Bank of America today announced that Richard Warriner has been named middle market banking client manager for Springfield and Southwest Missouri. He will be based in Springfield.
Warriner will be responsible for serving large corporations in various industries, including technology, financial, sporting and biotechnology, among others, with revenues between $20 million and $2 billion. In addition to delivering traditional banking products and services to these clients, Warriner will also assist registered representatives of Banc of America Securities LLC in bringing capital markets and advisory solutions to clients and prospects.
“Richard has over nine years of banking experience focused on meeting the needs of middle market companies like those in Southwest Missouri,” said Great Plains Middle Market Executive Lafayette Ford. “Richard and his team will leverage our comprehensive array of capabilities to deliver integrated solutions valued by our clients.”
Warriner joined Bank of America in 2000 as a credit analyst. Most recently, he served as a commercial product delivery officer based in Little Rock, Ark.
A native of Pine Bluff, Ark., Warriner graduated from the University of Arkansas in 1999 with a bachelor of science degree in Agricultural Economics, and [...] Continue Reading…
(No Ratings Yet)JPMorgan is First Major Bank to Offer Workers Compensation Debit Card
Prepaid Card Program Helps Businesses Like Central Mutual Insurance Company Streamline Claims Payment Processing for Injured Workers
New York, NY - August 13, 2008 — JPMorgan today announced that it is the first major financial institution to enable insurance companies to use prepaid debit cards to deliver workers compensation benefits to injured or disabled workers. The Chase Workers Compensation Card, issued by JPMorgan, provides insurance companies with an alternative method for paying injured workers and improves the benefits payment process by reducing the costs and time associated with paper-based check distribution. Cardholders benefit from efficient, economical and reliable access to insurance payments without having to wait for a check to arrive in the mail.
“Prepaid debit cards are an effective solution for bringing cost-cutting process improvements to any insurance company’s financial operations, especially in an environment where challenges include the long-tailed nature of claims and the continued rise of medical costs,” said Eduardo Vergara, global commercial card executive, JPMorgan. “The Chase Workers Compensation Card program not only delivers an automated, easy to manage electronic payments system that eliminates more expensive paper-based systems, but provides insurance companies with a custom-branded card designed to increase customer loyalty.”
The Chase Workers Compensation Card also helps [...] Continue Reading…
(No Ratings Yet)JPMorgan Appointed Successor Depositary Bank For Barclays PLC ADR Programme
ADR institutional ownership and trading strong in Europe
London, 11 August, 2008 - JPMorgan announced today that it has been appointed as the successor depositary bank for the American Depositary Receipt programme of Barclays PLC, a major global financial services provider.
The average daily trading volume of Barclays PLC’s ADRs is $55 million year-to-date, with total ADR holdings in Barclays at $1.7 billion at March 31, 2008.*
Claudine Gallagher, global head of depositary receipts at JPMorgan, said, “We are proud to have Barclays, a renowned blue-chip company, join our roster of clients. This mandate is testament to JPMorgan’s strong position in the depositary receipt industry, in both developed and emerging markets.”
Institutional ownership of, and trading in, the ADRs of UK and developed Europe companies remains strong. Institutional ownership of UK ADRs was $126 billion at the end of second quarter 2008. For the first half of this year, trading in UK ADRs totalled $199 billion, up from $128 billion in the same period last year. Developed Europe ownership of ADRs totalled $278 billion in the first quarter of 2008. Trading activity in ADRs in the first six months of 2008 totalled $518 billion.
JPMorgan created the first-ever DR in [...] Continue Reading…
