The Research Design Associates Blog

(financial institutions)

7 Reasons To Barter In This Or Any Economy!

Barter is simply the trading of goods or services for other goods or services with no cash involvement. To promote bartering and make it easier for companies to interact, barter exchanges were established. These systems enable bartering to be taken to a new level by offering "barter credits" which are used like cash within that specific network. When you "sell" something you get paid in barter credits which you can then use to "pay" for something from another vendor if necessary or bank until needed at a future time.

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My bank went bust

Much to my chagrin I found out that MY small local bank failed last Friday. was interested in a bank serving the local community and accountable to it in preference to multinational investors. I’m a bit stuck on real estate loans backed by land and not multiply sold paper. I remain troubled by the creation of the image of wealth or security in the absence of that value during the housing bubble. No I’m not harking back to the gold standard. We do need new financial vehicles. However I want my checking account, credit card and debit card fees to reflect the cost of those transaction, not to be building a pool of money to drive risky Wall Street commoditized investments.

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What Do the New Debit Card Laws Mean for You?

With the passage of the Durbin Amendment new debit rates became effective on October 1. The amendment lowered the interchange rate (wholesale costs) for debit transactions all the way down to the .05% and $.21 per transaction fees. The new law was meant to save some businesses money, so be sure to contact your merchant service provider to see if these savings apply to you and to insure that they are being passed on to you. There are plenty of business and consumer choices.

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Credit Unions - Meeting Members' Needs

Credit Unions offer real banking alternatives. Notable is its strong support for business accounts, a hard-to-find service in many other credit unions. Business deposit accounts and lending are supplemented by merchant card services for credit and debit card transactions and Automated Clearing House (ACH) electronic transfers – services usually associated with fee-charging commercial banks. Funding comes from member accounts - $1. per month per deposit account provides a $25 million source for community college and university scholarships, grants to state museums and the national guard, as well as an innovative teacher housing project.

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