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February
8, 2001
NCC Enterprises: Fraud Alert Joe Bonanno Has a Web Site!!! Charter One Registers Its 25,000th Online Customer--Free Banking/Service EqualFooting.com Launches New Financial Technology Company Called "Equidity" Banc One, Heller Financial Team With Compaq Leasing/Finance PAYNET Partners with Predictive Business Decision Systems--New Top Gun Schedule Linda Kester: Let's Get Some Positive News --------------------------------------------------------------------------------------- Fraud Alert---- NCC Enterprises, Tulsa, Oklahoma I wanted to put the word out on an attempted fraud scheme going on with a company based out of Tulsa, Oklahoma. It seems that NCC Enterprises, Inc. dba NCC Equipment Co. and its Owner, Mr. Orb Gahm is attempting to raise operating capital for Dentists by selling their existing equipment to Lessors under the guise of a true vendor sale from NCC. In preparing to fund NCC on their first referred transaction, we contracted for a site inspection. We learned from the field inspector that there was no new or recently purchased equipment at the practice. The Dr. was not in that day but the dental assistant was more than helpful in letting the inspector view the equipment and serial numbers. She also informed the inspector that the equipment listed on the lease had been there since she went to work for the good doctor over ten years ago. When Mr. Gahm learned of the site inspection, he became very flustered and aggravated. He said he wished someone would have told him about having a site inspection. When asked to produce a bill of lading or some evidence that equipment had been shipped from a contracted freight company, Mr. Gahm said that was "bulls..t" and that "nobody else ever requires that." After some heated discussion, Mr. Gahm claimed that "there's nothing fraudulent about a sale leaseback". I do find the nerve of Mr. Gahm extraordinary if not humorous. He has now demanded that we return the advance payments to the good doctor. Get a clue Mr. Gahm. Thanks for the communication tool to share this with our peer group, Kit. Sincerely, Steve Lundergan Richlund & Associates, Inc. 2050 Bluestone Drive St. Charles, Missouri 63303 800-456-5475 --------------------------------------------------------------------------------------------- Eastern Association of Equipment Leasing--National Association of Equipment Brokers Atlanta, Feb. 5 Meeting Kit: I forgot to mention that Larry Grant, Amembal Capital Corporation, also served as a panelist at our Atlanta meeting. I would appreciate it if you would also thank him publicly for me. Alison Pryor, EAEL Executive Director Amfnyc@aol.com -------------------------------------------------------------------------------------------------United Associaton of Equipment Leasing Funding Retreat--Tomorrow--Dallas---- 2/9, 2001 Tomorrow Funding Retreat Sheraton Dallas Brookhollow 1241 W. Mockingbird Lane Dallas, Tx. 75247 214.630.7000 http://www.uael.org/events/retreats/ Make appointments with dozens of funding sources and suppliers who will meet your needs for 2001. For registration and information on any meetings, please contact Joanie at the UAEL office: (510) 444-9235 x27 or Joanie Dalton <joanie@uael.org> -------------------------------------------------------------------------------------------- Shiver Me Timbers---Even Joe Bonanno Has a Web Site http://www.leasingissues.com/ Perhaps using his picture from his driver's license, you can now see the famous lease attorney Joe Bonanno on line. He has a site designed for the leasing industry with issues from fraud issues, advance fees, broker-lessor, ethics, and a great page about Joe. But the picture has to go!!!! Please visit the site, and let Joe know what you think of it---and his picture, too. http://www.leasingissues.com/ -----------------------------------------------------------------------------------------
Banc One, Heller Financial Team With CFS to Provide Large Ticket Leases And Loans to Mature Service Providers Compaq Financial Services Forms First-of-Kind Facility to Finance Internet Infrastructure Equipment MURRAY HILL, N.J., Feb. 8 /PRNewswire/ -- Compaq Financial Services Corporation (CFS), the wholly-owned leasing and financing subsidiary of Compaq Computer Corporation (NYSE: CPQ), today announced the formation of a first-to- market, uniquely structured $300 million financing facility to serve the information technology equipment financing needs of mature Service Providers in the United States. The facility is led by CFS with participation from leading financial industry partners Banc One Capital Corporation and Heller Financial, Inc. (NYSE: HF). Combining CFS' extensive expertise in structuring Service Provider financing arrangements with the strength of two highly respected financial institutions, the fund uses an innovative risk-sharing structure to provide large-ticket financing to finance Internet infrastructure development. The first of its kind in this market, the facility extends CFS' support of Compaq's leadership position in the Service Provider marketplace. "Recent developments in the financial markets may have limited traditional funding sources for Internet-related companies. Nonetheless, significant opportunities still exist for forward-thinking lenders to support well managed Service Providers that will be the Internet backbone of tomorrow," said Irv Rothman, Compaq Financial Services president and CEO. "This latest facility expands our ability to provide SPs with an innovative option for financing acquisitions of Compaq technology while giving Compaq and its shareholders, as well as our financing partners, the tools to prudently manage the risks of participating in this fast-evolving sector." Service Providers eligible for equipment financing under the CFS facility generally are in the post-IPO development stages. They include Application Service Providers (ASPs), Hosting Service Providers (HSPs) and Network Service Providers (NSPs) that use Internet technology to provide 24x7 access and hosting services from centrally managed facilities to other Service Providers and/or end customers. "While funding for the Service Provider community has consolidated in recent months, it is a very important growth segment as corporate and small- to-medium size organizations increasingly use their services," said Peter Blackmore, Compaq executive vice president, sales and services. "Consistent with Compaq's SP strategy, CFS has developed creative approaches to help fast- growing SPs acquire Compaq's exceptional and flexible solutions." "Compaq provides the premier Internet infrastructure, solutions and services to help Service Providers succeed in this evolving marketplace," said Mike Heald, vice president, Compaq Service Provider/dotCOM Business Unit. "SPs are in need of technology, services and financing to meet around-the- clock demands in this market. Compaq's specialized products, professional services, financial services and strategic partnerships enable SPs to deliver best-in-class solutions to their end customers." The facility is an extension of CFS' commitment to advance the development of the Internet infrastructure and supports Compaq's commitment to build and maintain long-term relationships with Service Providers as they grow. Since announcing its financial offerings to this market in March 2000, CFS has established over $700 million in credit lines to qualified SPs. "Compaq Financial Services has worked closely with us in managing the credit available for technology acquisition to match and facilitate Data Return's growth," said Stuart Walker, senior vice president and chief financial officer of hosting services provider Data Return Corporation. "As our business has grown, the CFS team has shown a keen understanding of our business requirements and developed creative solutions to help us acquire the Compaq technologies we need to service our enterprise customers." About Compaq Financial Services Compaq Financial Services Corporation is a wholly owned subsidiary of Compaq Computer Corporation. Compaq established Compaq Financial Services in January 1997 to provide information technology leasing and financing solutions for Compaq customers around the world. Today, Compaq Financial Services is the sole authorized provider of Compaq-branded financing, serving customers in 41 countries from regional headquarters in Dublin and Sydney, as well as from its worldwide headquarters in Murray Hill, N.J., which covers the Americas. The company serves all of Compaq's individual and business customers, including small and mid-sized businesses, government agencies, educational institutions and large, multinational corporations. Typical transactions range in size from $499 to $100 million. Additional information on Compaq Financial Services' financing and leasing programs is available at www.compaq.com/financialservices. About Compaq Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of technology and solutions. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs that are sold in more than 200 countries. Information on Compaq and its products and services is available at www.compaq.com. About Heller Financial Heller Financial, Inc., is a worldwide commercial finance company providing a broad range of financing solutions to middle-market and small business clients. Partnering with Compaq, Heller's EMX Group specializes in entertainment, media and technology equipment leasing. With over $19 billion in total assets, Heller offers equipment financing and leasing, sales finance programs, collateral and cash flow-based financing, financing for health care companies and financing for commercial real estate. The company also offers trade finance, factoring, asset-based lending, leasing and vendor finance products and programs to clients in Europe, Asia and Latin America. Heller's common stock is listed as "HF" on the New York and Chicago Stock Exchanges. Heller can be found on the World Wide Web at http://www.hellerfinancial.com. About Banc One Banc One Capital Corporation, a subsidiary of Bank One Corporation, invests in and manages Bank One's proprietary investment portfolio, including a broad-based tax-oriented structured finance business with major market positions in the leasing, affordable housing and energy industries. Bank One is the nation's fifth-largest bank holding company with assets of more than $265 billion. Bank One can be found on the Internet at www.bankone.com. Compaq is Registered with the U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. This release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include implementation of new distribution systems; changes in product mix; unanticipated component shortages; increased competitive factors and pricing pressures; market responses to pricing actions and promotional programs; inventory risks due to shifts in market demand; volatility of certain equity investments; and instability in developing countries that may affect operations. Further information on the factors that could affect Compaq's financial results is included in the company's Securities and Exchange Commission (SEC) filings, including the latest annual report on Form 10-K and the latest quarterly report on Form 10-Q. SOURCE Compaq Computer Corporation CO: Compaq Computer Corporation; Compaq Financial Services Corporation; Banc One Capital Corporation; Heller Financial, Inc.; Bank One Corporation ST: Texas, New Jersey ------------------------------------------------------------------------------------------------ Top Gun Kit: Please publish my new schedule. Top Gun Leasing Seminar Schedule Seminar Dates and Cites West Mon, March 5, 2001 - San Francisco, CA East Tues, Feb 6, 2001 - Long Island, NY Mon, Mar 12, 2001- Ft. Washington, PA Mon, April `16, 2001- Boston, MA South Mon, Feb 12, 2001 - Charlotte, NC Midwest Mon, March 19, 2001 - Chicago, IL Mon April 2, 2001 - Detroit, MI Topic: Lease Marketing Strategies. Time: 9:00 - 4:30 pm All members of the NAELB, EAEL, AND UAEL, please take a $25.00 discount per registration. Highlights Telemarketing Vendor Development Overcoming Objections Leasing Language and concepts For more information: Ph 732-828-8891 Fax 732-828-8887 e-mail: Granite63@aol.com Web site: http://members.aol.com/topgunclub Granieri Associates: A leader in Lease Education for over 25 years. Presents Target Topic Seminars (Intense One-day Seminars For New or rookie salespeople on Marketing and Selling the Equipment Lease. Target Topic: Lease Marketing Strategies. Target Times: 9:00-4:30 PM Mon, Jan 22, 2001 - Irvine, CA Tues, Feb 6, 2001- Long Island, NY Mon, Feb 12, 2001- Charlotte, NC Mon, Mar 5, 2001 - San Francisco, CA Mon, Mar 12, 2001- Ft. Washington, PA Mon, Mar 19, 2001- Chicago, IL Seminar Highlights FAST ( Financing as a Sales Tool ) Developing Lessees Vendor Development Telemarketing Foundations and Fundamentals of Leasing Overcoming objections Icing on The Educational Cake Discounts on all of Granieri Associates Training Material. A Free copy of Granieri Associates newsletter The Lease Closer. 4 Week Follow up program. No audio or video taping of seminar permitted. Seminar check in 8:30am. All tuition's are payable in U.S. Funds We now accepted Master Card, Visa, and American Express. No Cash or Credit Card refunds. Tuition: $ 200.00/per person. Two or more people from an related group $ 175.00/per person ( We do accept substitutions, Faxed registration is considered a contract and the no cancellation clause applies.) ------------------------------- Registration Form ------------------------------- Name________________________________________________________________________ Company_____________________________________________________________________ Address______________________________________________________________________ City__________________________ State______ Zip____________________ Phone________________________ Fax __________________________ e-mail__________________ Visa____ Master Card____ American Express_____ Check_____ Amount $ ___________ Card Number______________________________________ Exp. Date _________ Signature_________________________________________ ( Please do not print ) The completed order form must be mailed or faxed with all Credit card orders. Mon, Jan 22, 2001 - Irvine, CA___ Tues, Feb 6, 2001- Long Island, NY___ Mon, Feb 12, 2001 - Charlotte, NC __ Mon, Mar 5, 2001 - San Francisco, CA___ Mon, Mar 12, 2001 -Ft. Wash, PA___ Mon, Mar 19, 2001 - Chicago, IL ___ Granieri Associates Ph 732-828-8891 P.O. Box 276 Fax 732-828-8887 Milltown NJ 08850 E-Mail: Granite63@aol.com Web site: http://members.aol.com/topgunclub
( Mike, I can't do that because it might be considered advertising. editor ) ------------------------------------------------------------------------------------- Linda Kester: Let's Get Some Positive News
Every time I see an addition to your "list", it concerns me that it is making people discouraged about our industry. Here are some points that might help your readers have a more positive outlook: 1. The Equipment Leasing Association, www.elaonline.org , forecasts that 2001 business investments in equipment will be 882 billion dollars. Up from 820 billion in 2000 and 738 billion in 1999. Equipment leasing volume is also predicted to be 280 billion dollars up from 260 in 2000 and 234 billion in 1999. 2. There were a lot of irrational players (funding sources) that are either gone or are having significant problems. They were trying to buy market share with low rates. They had bad business strategies. A lot of the good guys who know what they're doing, are still doing well. I recently talked to an executive at a large leasing company, and I asked him "Who is your biggest competitor?" His response was: "The irrational player whose rates are too low and buys too many bad credits." Those are most of the competitors who are going under. 3. Dun & Bradstreet stated that in the years 1997 through 1999 a record number of new businesses were started. Those businesses are now becoming two to four years old which are the standard credit requirements most funders require. 4. Rates are low and have just come down further. 5. Most experts are projecting that we are not headed towards a recession, but rather continued growth at a slower pace. According to The National Federation of Independent Business web site, www.nfib.com , there will still be economic growth in the coming year, just slower in 2001 than it was last year. They are predicting that gross domestic product will rise 1 to 4 percent this year. 6. With some of those other business failing, a lot of high performing sales people have been recently laid off. This may be your first opportunity in years to upgrade your sales force. If your sales force isn't performing as well as you like you can either train them (my new CD program, Prospecting Tips for Leasing Sales Professionals , can help with that), or replace them with some of the high talent available right now. It is an easy time right now in our business? No. Are some leasing companies thriving? YES! There are more small businesses out there investing in equipment and looking for leases. It may not be growing as fast as it has over the past five years, but with more irrational players leaving the market and rates as low as they are, you too can thrive in these times. Linda Kester is founder of The Institute for Personal Development (IPD). IPD offers exciting and interactive training for leasing sales professionals. More information is available at www.lindakester.com . Linda can be reached at (856) 489-6558, or by e-mail at linda@lindakester.com. ----------------------------------------------------------------------------------------- DULLES, Va.--(BUSINESS WIRE)--Feb. 8, 2001-- EqualFooting.com "Equidity" -Technology Delivers Unparalleled Real-Time Credit Origination Solutions- -Equidity Enters Into a Strategic Alliance with Fleet to Deploy a B2B Point of Sale Payments Solution- EqualFooting.com announced today that it has launched a new company called Equidity (www.equidity.com) that offers cutting-edge credit origination technology solutions to web-enable business credit decisioning for financial institutions, vendors and online business-to-business (B2B) marketplaces. To meet the growing demand for real-time credit solutions, Equidity builds upon the proprietary technology platform created for EqualFooting.com's Finance Center to offer point of sale financing capabilities and loan origination solutions to companies looking to increase their small business offerings. Equidity and FleetBoston Financial have signed an agreement to jointly market a B2B point of sale solution to help Fleet's business customers finance and settle online transactions more efficiently. The solution will combine Equidity's proprietary instant credit origination platform and lender network with Fleet's automated clearing house (ACH) capabilities and payments expertise. "Equidity and Fleet have combined their technologies and expertise to create a valuable online B2B payments solution," said Ken Deveaux, senior vice president of B2B eCommerce Solutions at Fleet. "The combined Equidity-Fleet solution will not only allow for instant credit decisioning, but will also allow for electronic multi-supplier settlement, thereby keeping the entire transaction online and resulting in liquidity at point of sale." "Equidity's fully customizable solutions allow financial institutions, vendors and B2B marketplaces to significantly improve the efficiency of transactions and reduce costs," said Dr. M. Mintu Bachann, chief information officer, EqualFooting.com. "With great technology partners such as Sun Microsystems and Oracle Corporation, Equidity's easy to implement application service provider (ASP) model offers sophisticated back end systems behind an interactive, easy-to-use interface that can be tailored to meet a company's requirements and processes." "Equidity's credit origination technology solutions are poised to make significant traction in the market. Based on the secure and scalable technology platform built for EqualFooting.com's Finance Center, Equidity has a public `proof of concept' site that will enable faster and easier implementation for its customers," said Meredith Hickman, analyst, Celent Communications. "The sound e-commerce, technology and management experience of Equidity's leadership also gives the company instant credibility as a skilled and determined player in the market." Loan Origination Solutions Equidity's loan origination solutions help financial institutions both launch their own online lending capabilities and streamline their offline credit origination process. In a matter of weeks and at a fraction of the cost of developing it themselves, Equidity integrates this revolutionary infrastructure, including branded customer service, instant credit decisioning technology and a network of national lenders for rejected loan referrals, to create a web-based system that facilitates the entire loan application process. These technologies and services provide the solutions needed to efficiently process loans both on- and off-line to reduce loan origination costs; increase customer loyalty; and create new business opportunities. "The Internet and technological innovations have created an opportunity for companies to streamline their credit origination processes," said Raffi Kassarjian, vice president, Fair, Isaac & Company. "To leverage such an opportunity, new technology platforms like Equidity, when combined with Fair, Isaac's LiquidCredit(TM) decision engine, can be integrated to improve credit decisions and generate a more efficient financing transaction for all parties." Vendor Credit Solutions Equidity's vendor credit solutions allow equipment vendors and distributors to maximize sales and enhance customer satisfaction by offering their customers instant credit decisioning from funding sources at the point of purchase. This seamless and simple off- or on-line process helps close transactions by giving customers access to instant credit from a network of trusted lenders wherever and whenever they need it. In return, Equidity's credit solutions help vendors: create additional revenue streams; increase their transaction rate; strengthen their brand by increasing customer satisfaction and loyalty; compress their funding cycle; improve approval rates; and streamline workflows. Online B2B Point of Sale Solutions The sophisticated Equidity platform can be integrated into B2B exchanges, marketplaces and retail sites to offer partners the power and convenience of instant credit from national lenders at the point of sale. The solution integrates both point of sale equipment financing and point of sale unsecured financing capabilities to help partners realize efficiencies and cost savings such as: increased liquidity by closing more sales; minimized risk via instant credit data checks; an additional revenue stream; and greater site "stickiness" by allowing buyers to access persistent lines of credit on the site. BuildNet, Inc., a leading provider of supply chain-wide information synchronization for the annual $800 billion U.S. construction industry, has also integrated Equidity's financial platform into its website (www.buildnet.com) to offer the construction community convenient, easy access to a wide range of business lending and leasing services. BuildNet Financial's new financial platform, powered by Equidity, offers a comprehensive suite of small business lending services including term loans, line-of-credit services, Small Business Administration (SBA) products and equipment financing and leasing. "The Internet has enabled dramatic advances in the delivery of innovative financial services," said Scott Slifer, president and chief operating officer, BuildNet Financial. "BuildNet Financial is proud to be a leading provider of these services in today's construction industry and we believe this alliance with Equidity will enable us to respond more quickly to the expanding needs of our business customers." Equidity and BuildNet will unveil the capability to more than 70,000 attendees of the National Association of Home Builders' (NAHB) 2001 International Builders' Show in Atlanta, Georgia February 9-12, 2001 (Booth No. 614). About Fleet FleetBoston Financial is the seventh-largest financial holding company in the United States. A $179 billion diversified financial services company, it offers a comprehensive array of innovative financial solutions to 20 million customers in more than 20 countries and territories. Among the company's key lines of business are: retail banking, with over 1,200 branches and nearly 3,400 ATMs in the Northeast; commercial banking, including capital markets/investment banking and commercial finance; investment services, including discount brokerage; and full-service banking through more than 250 offices in Latin America. FleetBoston Financial is headquartered in Boston and listed on the New York Stock Exchange (NYSE:FBF) and the Boston Stock Exchange (BSE:FBF). About EqualFooting.com EqualFooting.com is a leading B2B online marketplace that places small manufacturing and construction businesses on "equal footing" with large companies in purchasing, financing and shipping. Small business customers can buy industrial and office supplies, get loans and leases, and schedule freight delivery by accessing EqualFooting.com's vast network of vendors through its website or toll-free number. EqualFooting.com is a privately held company based in Dulles, Virginia. For more information, please visit www.equalfooting.com or call 703/796-4000. CONTACT: Equidity, Inc. Susan Strawbridge, 703/796-4600 susan.strawbridge@equidity.com --------------------------------------------------------------------------------------------- Charter One Registers Its 25,000th Online Customer--free banking/service
Rapid Growth Continues as More than 500 Enroll Each Day CLEVELAND, Feb. 8 /PRNewswire/ -- Charter One Financial, Inc. (NYSE: CF) announced today that it has registered its 25,000th customer at www.charterone.com , its recently launched Online Banking and Bill Payment site. Charter One's free online service, which has been live for less than 50 days, includes bill payment capabilities, account transfers and a soon-to- be-released bill presentment service. "We're excited to see this level of demand -- especially since we have yet to advertise the service in any significant way," said Mike Dobbins, Senior Vice President, Charter One. "At this rate, we will exceed our first year goal of 100,000 by early summer. Additionally we have seen a dramatic increase in new online deposit account and loan applications, including more than $30 million in initial deposits in January." To further enhance its online offerings, Charter One will introduce bill presentment later this month and wireless banking via web-enabled mobile phones by mid-March. Those services will also be free to the consumer. Mark Grossi, Charter One's executive vice president of retail banking, said, "If banks want to realize the retention, satisfaction and account penetration benefits associated with online banking and bill payment customers, they need to remove the barrier to usage -- which is the big monthly fee." "Charter One's strategy is simple yet uncommon among large brick and mortar banks," said Octavio Marenzi, CEO of Celent Communications, a leading financial services consulting firm. "If the fee is the barrier to using the part of the service that retains customers and produces deeper relationships -- then get rid of the fee." Charter One has approximately $33 billion in total assets, making it one of the 30 largest bank holding companies in the country. The Bank has approximately 420 branch locations in Ohio, Michigan, New York, Illinois, Massachusetts, and Vermont. The branch locations operate under the Charter One name in all areas except Michigan (First Federal of Michigan). The Company's diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. For additional information, including press releases and investor presentations, investors are directed to Charter One's web site: www.charterone.com . SOURCE Charter One Financial, Inc. CO: Charter One Financial, Inc. --------------------------------------------------------------------------------------------- PAYNET Partners with Predictive Business Decision Systems Knowledge Works (dba PAYNET, Inc.) announces a partnership with Predictive Business Decision Systems, (PBDS), Tinton Falls, New Jersey, an independent statistical modeling, analysis, and consulting company, that provides knowledge-based decision solutions for broad applications in credit, customer relationship management, risk management, collections, and marketing. Knowledge Works developed the PAYNET Alliance, a network of commercial finance companies contributing their lease and loan payment history on applicants to an online database in exchange for Knowledge Works' proprietary information services. PBDS will apply its proprietary statistical modeling techniques to the PAYNET data, providing highly predictive, automated credit decision tools to the commercial leasing industry. "Our strategic partnership with PBDS to develop and market credit scoring products will allow equipment lessors to realize the benefits of the PAYNET information in their credit decision process," said Knowledge Works' president Bill Phelan. "PBDS's highly predictive scoring models coupled with PAYNET internal trade data will allow lessors to make faster and better credit decisions. This will help improve leasing companies' bottom line particularly in the current environment of deteriorating credit." Added Michael Banasiak, president of PBDS, "Now all lessors will have the ability to leverage the predictive power of lease specific trade data as part of their statistically-based decision system. We are offering a viable solution for these leasing companies to create a more productive and effective credit process. Knowledge Works is the only provider of online lease payment history and we are delighted to combine our statistical models with PAYNET's highly predictive data." PBDS develops statistical models that are empirically derived and customized to meet a company's specific business objectives. The customization process allows PBDS to handle any unique characteristics of their client's business portfolio, thereby ensuring maximum predictiveness. PBDS has expertise in developing commercial credit, collection and marketing statistical decision tools for various sized companies in many industries, with concentration in the areas of financial services, credit cards, and leasing. www.leasingnews.org |