Monthly Archives: May 2009

ACH Payments in 2008 Total More than $18.2 Billion According to NACHA

ACH payments totaled more than $18.2 billion in 2008 – an increase of $1.2 billion over 2007 according to a recently issued press release by NACHA. Continue reading

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AutoNation Supports GM Dealership Closings as ‘Difficult but Positive Step’

AutoNation Chairman and CEO Mike Jackson called the dealership consolidation plan by GM a “difficult but positive step that will strengthen America’s dealer network and improve dealer profitability over the long term.” Continue reading

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Auto Industry Update: GM Bankruptcy Closer to Reality After Debt-Equity Equity Swap Fails; GM and UAW Reach Agreements

The attempted debt-equity swap by GM failed to get the targeted amount of 90% of bondholders to swap their debt, making bankruptcy and imminent probability for GM. Also, GM and the UAW reached an agreement that will keep two U.S. plants open. Continue reading

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NCT Rated the 6th Largest Check Guarantee Company in the U.S. by The Nilson Report

National Check Trust is the 6th largest check guarantee company in the country according to The Nilson Report, with an average check guaranteed of $750.00. Continue reading

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