Dodd-Frank provision allows banks to offer interest on corporate accounts

Banks can now offer interest on corporate accounts thanks to the Dodd-Frank Act's repeal of legislation passed in 1933. Capital One is the first to offer such an account, and other large banks plan to introduce their own options. Some drawbacks to interest-bearing accounts exist, including taxes, but Brian Boardman of financial-services technology provider Fiserv said he thinks "small and middle-market businesses will benefit eventually." Bloomberg Businessweek (7/22)

Billing your customers doesn't have to break the bank

Mailing out invoices can be a costly and time-consuming process, but Mitch Rose says there are ways to bring those costs under control. Batch your bills, fix address problems and push customers toward electronic delivery, he suggests. On the income side, use your invoices to send personalized marketing messages based on "geography, dollar amount purchased, or type of products purchased." BusinessNewsDaily.com (7/22)

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