Business Bank of Nevada to Introduce New Business ATM/Debit Card Product Exclusively for Businesses.Business Editors LAS VEGAS--(BUSINESS WIRE)--Sept. 9, 2002 Business Bank of Nevada (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BBNV BBNV Business Bank of Nevada ) today announced that on Sept. 16, 2002 it will launch a new Business ATM/Debit Card product exclusively for businesses, which will link purchases directly to a client's business checking account. The new Business ATM/Debit Card will provide businesses with a more convenient way of making purchases without having to write checks, while at the same time providing a business owner with the convenience of performing ATM transactions, such as withdrawals, deposits, transfers and more. In January of last year, the bank introduced its Consumer ATM/Debit Card for individuals who wanted to enjoy the convenience of making purchases without having to write checks and linking those purchases to a personal checking account. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Business Bank's Larry Charlton, executive vice president and chief financial/operations officer, the introduction of the bank's new Business ATM/Debit Card is the result of the bank responding to the needs of its business customers. "So many times financial institutions develop products and services without the input of their customers, which forces customers into a box that doesn't allow them to bank when, where and how they want," Charlton said. "Soliciting feedback from your customers makes good business sense both from a product development and customer service standpoint The Standpoint is a newspaper published in the British Virgin Islands. It was originally published under the name Pennysaver, largely as a shopping-coupon promotional newspaper, but since emerged as one of the most influential sources of journalism in the . "If you establish a relationship with your client, and not a transactional one, you'll develop the products and services that will make you and your client successful." The bank's new Business ATM/Debit Card provides business owners access to more than 14 million retail locations worldwide that display the Visa symbol. Business owners can make purchases with their business debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. from office supply stores, hotels, restaurants and many other types of businesses around the world by swiping their debit card at various retail locations. The transaction is automatically paid from the business owner's checking account and appears on his/her next checking account statement, along with the location of the purchase. "Offering a dual-purpose ATM/debit card exclusively for businesses provides owners with a more convenient way of tracking business expenses that may have tax benefits as well as those that the owner may want to monitor for other business-related purposes," Charlton said. "This new ATM/debit card also provides Business Bank with one more product that levels the playing field between the small and large financial institutions. "Our goal, however, is not to necessarily have all of the products that the big banks have, but to provide the best possible service among banks in Nevada." Business Bank is working with Midwest Payment Systems in Cincinnati as the third-party processor for its new Business ATM/Debit Card product. Midwest Payment Systems is one of the largest debit/ATM processing companies in the country. About Business Bank Business Bank, with over $225.5 million in total assets as of June 30, 2002, is in its seventh year of operation and is one of the fastest-growing independent banks in Nevada. The bank has four branch offices in the state, with three in the Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. area and one in Carson City Carson City, city (1990 pop. 40,443), state capital, W Nev., in the Eagle valley; inc. 1875. The city is a trade center for a mining and agricultural area. State government is the major employer, and tourism is economically important. . Business Bank is FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). Insured and is a member of the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, . Its stock is listed on the Over The Counter Bulletin Board (OTCBB) at ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BBNV. Additional information about Business Bank is available at www.bbnv.com. |
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