Mission Valley Bank News

Time for Telecommuting?

Time for Telecommuting?
Article Compliments of Steve Brown – Bank Investment Daily

Summary: Workplace changes are making telecommuting more prevalent. Would telecommuting work for your business?

Data by Funders and Founders finds people live an average 78 years and like dogs and cats, we spend most of our time sleeping (36%). Rounding out the other major ways we spend time: working (13%), social networking, TV, video (12%), doing chores (8%), eating and drinking (5%), education (4%), grooming (3%), shopping (3%), child care (2%), & commuting (2%). Now you know, so spend your time wisely!

While commuting doesn't take much out of your life, it is still important to think about, as the workplace changes and telecommuting becomes more prevalent. Consider this: …

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CELL PHONES & THE DO NOT CALL REGISTRY

CELL PHONES & THE DO NOT CALL REGISTRY

The Federal Trade Commission strongly urges consumers to place their cell phone numbers on the National DO NOT CALL Registry to notify marketers that they don't want to get unsolicited telemarketing calls. Despite viral email, there is no new cell phone database.

The truth about cell phones and the Do Not Call Registry is:

  • The government is not releasing cell phone numbers to telemarketers.
  • There is no deadline for registering a cell phone number on the Do Not Call Registry.
  • Federal Communications Commission (FCC) regulations prohibit telemarketers from using automated dialers to call cell phone numbers without prior consent. Automated dialers are standard in the industry, so most telemarketers are barred from calling consumers' cell phones without their consent.
  • There is only one Do Not

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CardValet® — A Quick & Simple Solution

CardValet® — A Quick & Simple Solution

Last March, Mission Valley Bank launched CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used.

CardValet was developed in partnership with Fiserv and is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.…

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Seismic retrofitting is not for the faint of heart

Seismic retrofitting is not for the faint of heart

What happens in Los Angeles often impacts surrounding communities. Specifically, the earthquake safety laws signed in October 2015 by Los Angeles Mayor Eric Garcetti are considered to be the toughest in the nation. It requires that the owners of an estimated 15,000 buildings most at risk of collapse during a major quake make the structures stronger.

The affected properties include non-ductile concrete buildings (not including detached single-family homes or duplexes built before 1977) and wood-frame apartment complexes built on top of carports. Property owners will have seven years to fix wood apartments and 25 years to fix concrete buildings under the new ordinance.

Considering Los Angeles sits in the heart of California earthquake country, the ordinance ends years of debate on whether the City of …

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Financial Projections — Key to Business Financing

Financial Projections — Key to Business Financing

A business seeking capital must recognize the importance of financial projections. A business financial projection is simply forecasting your sales and revenue to the lender. This information is important because it is a key indicator to your ability to repay a loan.

If you are unsure about financial forecasting for your business it might be best to hire a consultant. Most lenders will want to see a three- or five-year projection and there are as many as 14 items to include and fully support in your financial projection. You may also be asked to give a month-by-month breakdown for the first year, a quarterly breakdown for the next two years, and an annual breakdown for the final two years in your forecast.  …

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The Importance of a Job Description

The Importance of a Job Description

Employees deserve to know what is expected of them and how they will be evaluated. A clear and up-to-date job description addresses this expectation while providing a basis for employee performance reviews, salary increases and career development. A job description also forces management to define goals and expectations that are companywide, and determine how to implement them through the employee channel. Using job descriptions is part of good management. Read on to learn about writing or updating a job description. …

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Merchant Bankcard Conversions Less Costly Than the Alternative

Merchant Bankcard Conversions Less Costly Than the Alternative
by Cameron Brown
Vice President, Merchant Services and Sales Manager

As financial institutions scrambled to issue EMV cards – short for Europay, MasterCard, and Visa chip technology -- to replace the standard magnetic technology, merchants prepared for the conversion. Merchants without an EMV-ready terminal in place now take on the full financial responsibility and risk in the event a chargeback occurs.

A chargeback can transpire in multiple ways: a dissatisfied customer calls their bank to refute either a product or service received from a merchant, a lost or stolen credit/debit card resulting in a fraudulent purchase, or perhaps a reversal of an unauthorized purchase due to identity theft.…

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Stopping Unsolicited Mail, Phone Calls, and Email — Advice from the U.S. Federal Trade Commission

Stopping Unsolicited Mail, Phone Calls, and Email — Advice from the U.S. Federal Trade Commission

Tired of having your mailbox crammed with unsolicited mail, including preapproved credit card applications? Fed up with getting telemarketing calls just as you're sitting down to dinner? Fuming that your email inbox is chock-full of unsolicited advertising? The good news is that you can cut down on the number of unsolicited mailings, calls, and emails you receive by learning where to go to "just say no."

If you decide that you don't want to receive prescreened offers of credit and insurance, you have two choices: You can opt out of receiving them for five years or opt out of receiving them permanently.

To opt out for five years: Call toll-free 1-888-5-OPT-OUT (1-888-567-8688) or visit www.optoutprescreen.com. The phone number and website are operated by the …

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Take Control of Your Money Online

Take Control of Your Money Online

Ever wonder how you can keep better track of your spending? Save money more easily? Bank more efficiently? Eliminate late-fee charges on your bills?

The solution for all of that is in your hands — with Online Banking.  While most of us frequently use Online Banking -- we're not taking advantage of all of the benefits it can provide.

These services give you the power to connect with your money anytime, anywhere, and offer tools and features to help you control your money more easily than ever before. You can:

Monitor your accounts, 24/7. Keeping track of your money is key to successful financial management. And with the growth in identity theft, it's also essential for ensuring the security of your accounts. With Online Banking, …

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It’s All ABOUT the CASH

It’s All ABOUT the CASH

The phrase “Cash is King” rules in today’s business environment as much as ever. Access to cash for capital expansion, equipment purchases or necessary day-to-day operations is one of those ever-present challenges most businesses face on a regular basis.

Traditional commercial financing is readily available to qualified businesses from a vast array of lenders. The challenge for any borrower is determining which loan and which lender best suits their unique needs. For large capital expenditures such as financing (or refinancing) the purchase of a building or the modernization of facilities, a traditional commercial real estate or term loan may be the best solution. If seasonal or temporary fluctuations in cash flow are impeding business operations, the solution may be as simple as a line of …

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Financial Readiness in an Emergency

Financial Readiness in an Emergency

Financial Readiness in an Emergency

Unfortunately, the news in recent months has been full of headlines about natural disasters across the country. Home is where most people feel safe and comfortable. But sometimes when a hurricane, flood, tornado, wildfire, or other disaster strikes it's safest to pack up and go to another location.

When it comes to preparing for situations like weather emergencies, financial readiness is as important as a flashlight with fully charged batteries. Leaving your home can be stressful, but knowing that your financial documents are up-to-date, in one place, and portable can make a big difference at a difficult time.…

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FINANCIAL RECORDS. WHAT TO TOSS & WHEN

FINANCIAL RECORDS.  WHAT TO TOSS & WHEN

Bank statements, credit card bills, canceled checks and other documents can be useful for tax purposes, as proof of a transaction or payment, or for other reasons. But how long should you keep them?

There is no hard and fast rule as to when it's safe to throw away financial documents. One thing to remember, though, is that federal tax rules require you to have receipts and other records that support items on your tax return for as long as the IRS can assess you additional tax.  Basically, the IRS has about six years to assess additional tax if you underreported your income by more than 25 percent. Many tax advisors recommend holding all tax records for about seven years, allowing extra time for any …

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