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October 9, 2001
Headlines---
Balboa Capital Complaint Settled Amicably FNF Capital Closing Down Clarification CocoCommerce E-Transaction Management Partnerships Leasing News Classified Results
Balboa Capital Complaint Settled Amicably
According to Jerry Gonzalez, the complaint regarding his website and lease contract has been resolved by Balboa Capital. This originally had to do with a website about his complaint concerning the renewal of his lease.
Shawn Giffin, president of Balboa Capital, was on vacation as the problem escalated from Customer Service to the world wide web. Chairman Pat Byrne said in a previous interview he would not have ordered the website taken down. President Giffin said he would have personally gotten involved. He has given Leasing News his direct telephone number where he will personally look into any customer complaint that is brought to his attention.
It is not uncommon in the leasing industry to have 90 to 180 day cancellation notices. Pat Byrne said Balboa Capital ended the 180 day notice several years ago.
A kind word should go to Balboa Capital attorney Chris Parsons for his work in resolving all the issues. Peace on Earth.
FNF Capital Closing Down Clarification
We printed the memo and reaction from Mark Watkins about closing down the broker program, but heard from others that FNF Capital has other divisions, and asked Rich Viola for a clarification:
“I would offer the following to clarify - this applies to FNF Capital, Small Business Leasing Group.
“The Technology Lease Group continues to function as normal. Also, FNF Capital will continue to service (bill, collect, etc.) all of its leases through end of lease term with a small group in CA. The anticipated completion of this move is scheduled for 12/31/01.”
CocoCommerce Announces E-Transaction Management Partnerships
NEWPORT BEACH, Calif., / -- CocoCommerce, (www.cococommerce.com) one of the leading providers of electronic transaction management services for business trading partners, today announced partnerships with eight value-added service providers to deliver applications through its eNetSettle(TM) software platform. Expected for release later in 2001, eNetSettle(TM) will provide a single-source solution for B2B e-commerce logistics and financial settlement services for enterprises and e-marketplaces.
CocoCommerce will provide electronic transaction management services through partnerships with the following companies:
-- B2B Valuations -- Payment Resources International
-- Escrow.com -- PitneyPay
-- freightquote.com -- e-ValuCheck
-- ILS Leasing -- Virtual Purchase Connection
The range of services available on eNetSettle(TM) through the company's current partnerships includes appraisal, inspection, financing, shipping, escrow and payment. CocoCommerce plans to add insurance and warranty to its list of available services through new partnerships in the near future.
"I am pleased to work with all of our partners to deliver the most comprehensive and flexible solution for businesses -- on- or off-line -- to the complex and time-consuming challenge of bringing transactions to financial settlement," said Ariu Levi, president and CEO of CocoCommerce.
About CocoCommerce
CocoCommerce, Inc., provides a transaction management platform to enterprises and e-marketplaces that enables trading partners to manage the fulfillment, payment and settlement of transactions online. The company is based in Newport Beach, Calif., and is founded by Ariu Levi, who previously co-founded and served as president of Fundtech, Ltd. For additional information on CocoCommerce, Inc., call (949) 852-2777 or log onto www.cococommerce.com.
About B2B Valuations
B2BValuations is the world leader in providing independent, responsive and trustworthy third-party inspection and appraisal services to business-to- business e-marketplace. The company was created to eliminate the "trust factor" as an obstacle to seamless online trading. B2BValuations staff goes onsite and verifies that the condition of the assets for sale are as represented and, if not, why not. As a full spectrum provider of inspection and appraisal services, B2BValuations has the expertise, data, knowledge of market conditions, and support staff to assure that the parties have the right information to make informed business decisions.
About Escrow.com Inc.
Escrow.com and its operating subsidiaries offer comprehensive online transaction and payment settlement solutions, including licensed escrow services. The company delivers a secure and scalable business transaction platform with integrated transaction settlement services for business-to- business e-commerce.
About freightquote.com
Founded in August of 1998, freightquote.com is a leading B2B freight logistics company that is revolutionizing the freight industry with instant, fully-automated transactions. The company simplifies, expedites and lowers the cost of freight by providing a one-stop source for traffic managers to compare and utilize regional and domestic carriers, as well as multiple modes of transportation.
About ILS
Innovative Lease Services, Inc. (ILS) has been a consistent leader in the equipment leasing industry since 1985. ILS has funded thousands of customers for more than $100 million. The company's management team and directors have a combined total of more than seventy-five years experience in the leasing industry. Through its extensive banking relationships, ILS offers a full range of credit products for individual commercial needs.
About Payment Resources International
For almost two decades, a growing number of merchants has used the services provided by Payment Resources International(TM) to accept a variety of forms of non-cash electronic payments, including credit card, ACH and electronic check. PRI (TM) merchants processed over 66 million transactions in the year 2000 and will more than double that number in 2001.
About PitneyPay
PitneyPay is a full suite of Web-enabled financial services dedicated to building a more efficient e-commerce environment. It provides users with a variety of convenient payment options including eDirect service (via ACH), escrow, or a combination of the two. PitneyPay is offered through Pitney Bowes Capital Services, a division of Pitney Bowes.
About e-ValuCheck
e-ValuCheck is the secure online paper check payment solution provided by Valutech, the leader in disbursement management technology. Since 1983, Valutech has provided cash management payment solutions to a wide cross- section of major American companies. Each day Valutech payment systems process over $1 billion in payments (vendor, claims, payroll, royalty payments, etc.). The company's payment systems optimize cash flow, reduce payment costs and increase management control.
About Virtual Purchase Connection
Virtual Purchase Connection (VPC) provides a B2B electronic purchasing solution that resolves the fundamental issue slowing the growth of B2B e-commerce -- the spontaneous, electronic payment for goods and services between business buyers and online merchants. VPC is a payment utility that provides safety, privacy, speed, certainty, controls and comprehensive reporting to satisfy the rigorous needs of businesses. VPC's Merchant Toolkit Software quickly integrates into commerce engines on UNIX(R) and Windows NT(TM) platforms to enable secure electronic identification, authorization and transaction settlement.
Leasing News Classified Results
http://65.209.205.32/LeasingNews/JobPosting.htm
A person found a job through Leasing News, and will give us a report on his first day, we hope. Here are some other
Classified Ad Reaction----
Thank you for providing the medium. LeasingNews has become the essential daily read in the leasing industry. We have received one very qualified candidate with whom we are seeking an initial phone interview. We have also reached out to one candidate on the Jobs Wanted page (obviously the San Diego candidate) to see if there is an interest in a sales position.
In comparison to our other recent recruiting ads, your site has been the most rapid in return, not to mention the most targeted.
We hope to take this opportunity within the lease industry to increase our market share. It is our goal to add 3 Vendor salespeople by years end.
Andrew S. Nere ils@ilslease.com Innovative Lease Services, Inc. (800)438-1470 Ext. 204
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I received an application for a very junior processor from LA that looks very green and needs a relocation package so we'll keep looking.
I have 2 sales resumes which are stronger. We'll see. All in all I think it is a great service. I'll let you know how things go.
Thanks-
Tom Tom Williams tom@elease.com
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In this short time, Andrew from ILS in Carlsbad offered a sales position. Unfortunately I am looking for an operations or credit role. I did however send resumes to two companies that listed job openings on your site. I'm keeping my fingers crossed.
It's nice to have a site which lists jobs in the leasing industry only. The other sites seem to be recruiters harvesting resumes for their databases. The classified section was a great idea.
Keep up the good work.
Jason McCorman <jmccorman@hotmail.com>
I noticed that perhaps I shouldn’t be in “Jobs Wanted.” It is a job wanted ad, more specifically, work wanted as I am an independent contractor. I got one inquiry asking whether I'd be interested in relocating to Ohio. I'm not. But I have heard from people in the industry with whom I'd worked in various capacities, that's a plus. Thanks for running the ad. I assume there will be more responses, one way or another.
You should create another section and call it “outsourcing.” Perhaps a section that has categories of services would be appropriate. I'm just always looking for ways to get my name out there, not looking for a hand-out or to take advantage. Let me know what you want me to do or if I can be of help.
JOHN R KENNY JR.
Great idea. For work for yourself, or for Jim Buckles who does System 1 work. This would be a win-win situation for all concerned. If we leave out any categories, let me know. Perhaps we can have up and running by the end of the week as we figured a way to coordinate this off another server.
We are not charging any fee or remuneration as our effort is to help the industry, particularly to those out of work. editor
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