Mission Valley Bank News

Take Control with Online & Mobile Banking

Take Control with Online & Mobile Banking

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? Even help protect yourself from fraud? The solution for much of these is already right in your hands — Online and Mobile Banking.

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:…

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Posted by Mission Valley Bank in Security, You & Your Money. Leave a Comment

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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Posted by Mission Valley Bank in Getting Things Done, Security, You & Your Money. Leave a Comment

What Tax Reform Means for Small Business

What Tax Reform Means for Small Business
by Marianne Cederlind

What keeps business owners awake at night? According to the National Federation of Independent Businesses’ (NFIB) “Small Business Problems & Priorities Report,” five of the Top 10 issues directly relate to taxes. To give context, concerns regarding cash flow ranked a lowly 25 on the list, with business financing trailing at 69 and 70. The entire report can be viewed online at www.NFIB.

It is no surprise that articles and arguments abound about how the newest Tax Reform rules will affect businesses. From the smallest Mom & Pop shops to the Walmarts of the world, no business entity has been left out of the mix in this major tax overhaul. Whether a sole proprietorship, partnership, LLC, C Corp or S Corp, change

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Posted by Mission Valley Bank in Client & Community Education, You & Your Money. Leave a Comment

7 Ways to BOOST Business Cash Flow

7 Ways to BOOST Business Cash Flow

What's the key to having a successful and long-standing business? Does it involve having a revolutionary product or idea? Possessing specialized expertise to offer a needed service? While those things are important, the most critical factor that contributes to business success is how well you manage your cash flow.

Yes, cash flow really is king. You can have the most innovative product on the market or be the most experienced service provider in your area, but if you can't manage the money that flows in and out of your business, your business won't be successful — or be around for long.

Here are seven ways you can boost your cash flow — and your chances of business success.                                                                              …

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Posted by Mission Valley Bank in Building Your Business, You & Your Money. Leave a Comment

8 Ways to Improve the Customer Experience —

8 Ways to Improve the Customer Experience —

It's the new buzzword in business. The trend that has companies of all sizes looking at how they serve their customers — at every stage. It's called the customer experience or CX for short, and it provides a unique opportunity for companies to

differentiate themselves and build ROI. The customer experience isn't about a single interaction a customer has when they first purchase a product or service; it's about all the interactions or touch points they have with a company. It could be an experience at the point-of-sale, online, or even when they receive your invoice. Building relationships, loyalty, and revenue. The theory behind CX is simple: If companies can better understand what customers want, they can deliver it to them, thereby increasing customer satisfaction,

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Posted by Mission Valley Bank in Building Your Business, Client & Community Education. Leave a Comment

Mission Valley Bank Goes Mobile

Mission Valley Bank Goes Mobile

Have you heard? Mission Valley Bank has launched two new Mobile Banking services – one of them is just right for you. Whether you use our more robust, Business Online Banking or our Small Business & Personal Online Banking service – we’ve got you covered.

Download the app that’s right for you today. Here’s how:…

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Posted by Mission Valley Bank in MVB News. Leave a Comment

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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Posted by Mission Valley Bank in Getting Things Done, You & Your Money. Leave a Comment

Trusted Advisors

Trusted Advisors

Trust can be an overused word in the business world but a necessary concept. Through what seems like an endless stream of advertising messages, we are asked to trust products and brands. Politicians ask for our vote of confidence at the polling place. It can be both emotional and logical. Emotionally, vulnerabilities are exposed with the belief people will not take advantage of that openness. Logically, we assess the probabilities of gain and loss, calculate expected utility based on hard performance data, and conclude that the person or entity in question will behave in a predictable manner. In practice, trust is often what matters most. It is the fabric that binds employees to employers, customers to companies, and companies to their suppliers and partners.

When …

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Posted by Mission Valley Bank in Building Your Business, Client & Community Education, You & Your Money. Leave a Comment

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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Posted by Mission Valley Bank in Building Your Business, Getting Things Done. Leave a Comment

More About Identity Theft Today

More About Identity Theft Today
by Marianne Cederlind 
Executive Vice President and Chief Business Banking Officer
Mission Valley Bank

 

Dependent as we are on computers and mobile devices, it’s no surprise that cyber criminals are getting craftier developing new scams aimed at getting more people to give them more of their money. The following are important trends to be aware of to keep fraudsters from separating you and your money.

Consumer loss at nearly $500 million

Last year, total consumer losses approached a half billion dollars. Individual losses averaged $4,187 per fraud.   Safety tip: Studies show that those who monitor their accounts online often detect fraud earlier than those who rely solely on paper statements. READ MORE --

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Posted by Mission Valley Bank in Client & Community Education, Cyber Security, You & Your Money. Leave a Comment

IRS Cautions Taxpayers to Watch for Summertime Scams

IRS Cautions Taxpayers to Watch for Summertime Scams

WASHINGTON – The Internal Revenue Service issued a warning (June 26, 2017) that tax-related scams continue across the nation even though the tax filing season has ended for most taxpayers. People should remain on alert to new and emerging schemes involving the tax system that continue to claim victims.

“We continue to urge people to watch out for new and evolving schemes this summer,” said IRS Commissioner John Koskinen. “Many of these are variations of a theme, involving fictitious tax bills and demands to pay by purchasing and transferring information involving a gift card or iTunes card. Taxpayers can avoid these and other tricky financial scams by taking a few minutes to review the tell-tale signs of these schemes.”

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Posted by Mission Valley Bank in Fraud Alert. Leave a Comment

Boost Morale — and Your Bottom Line

Boost Morale — and Your Bottom Line

It may sound cliché, but a happy workplace is a productive workplace. It comes as no surprise that employees who enjoy their jobs will work harder, ultimately impacting a business where it matters most — the bottom line.

Of course, one of the best ways to boost morale is to provide financial compensation. However, for many companies operating in today's competitive business climate, that's not possible. Rest assured, however, there are some easy ways to give your employees a lift without significantly lifting your expenses:

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Posted by Mission Valley Bank in Building Your Business. Leave a Comment

FTC Releases Alert on Identity Theft

FTC Releases Alert on Identity Theft
Original release date:  May 25, 2017

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Posted by Mission Valley Bank in Fraud Alert, Security, Your Online Safety. Leave a Comment

Identity Theft Today – A Constantly Changing Landscape

Identity Theft Today – A Constantly Changing Landscape
by Marianne Cederlind 
Executive Vice President & Chief Business Banking Officer
Mission Valley Bank

As cyber criminals get craftier, individuals need to arm themselves with facts on identity theft and take the necessary precautions to protect themselves.

Mobile phones and social media are the new frontier -- Fraudsters are expected to introduce as many as 1,000 different phone/social media scams this year, according to one expert. In fact, a social media identity may be more valuable to cyber criminals than credit cards since it offers them the opportunity to manipulate friends. Safety tip: Keep smart phone operating systems up-to-date. Use passwords to gain access to your phone and install apps that enable remote deletion of phone data if it is lost or stolen. (READ

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Posted by Mission Valley Bank in Client & Community Education, Cyber Security, E-Mail and Internet Fraud, Security. Leave a Comment

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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Posted by Mission Valley Bank in Building Your Business, Client & Community Education, Getting Things Done. Leave a Comment