The Car Allowance Rebate System — better known by its nickname “Cash for Clunkers” — got underway yesterday with many auto dealers holding out high hopes that it could spurn better times. As expected, reviews for the program have been mixed.

We’ve compiled some of the up-to-date news about the C.A.R.S. program, with links and excerpts below. Additionally, to find out the list of dealers participating in the “Cash for Clunkers” program, follow the link to CARS.gov dealer locator.

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A quick roundup of news regarding a couple of NCT’s clients in the construction and building materials industry:

ABC Supply Promoted Greg Lanphear to Managing Partner

Greg Lanphear, who has been at ABC Supply since 1998, was recently promoted to the position of Managing Partner. Lanphear will continue to oversee operations at the El Cajon branch where he had been previously, but he will now also become an active member of the National Branch Advisory Board of ABC Supply.

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A quick roundup of some recent news regarding a couple of NCT’s clients in the furniture industry:

Ashley Furniture Expands Colton Distribution Center

While many in the furniture industry are experiencing the effects of the economic downturn, Ashley Furniture has expanded it’s footprint at its Cooley Ranch Industrial Park in Colton, CA.  The company recently announced that it was purchasing 439,000 additional feet of distribution space.  Ashley’s Colton distribution center supplies merchandise to the entire West Coast.

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One of the services NCT offers its merchant clients is point-of-sale (“POS”) electronic check conversion. Every product and service delivered by NCT is designed to improve efficiency, maximize cash flow, and minimize risk; electronic check conversion is no different.

What is POS Electronic Check Conversion?

Back in the “old days,” when a customer paid you by check, converting that check into cash required batch processing all of your checks together with physical trips to the bank. There were a few inherent problems with this system:

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