Victory State Bank Points To NYC’s Bill Of Rights For Business Owners


STATEN ISLAND, N.Y. -- Did you know that New York City has a Business Owners’ Bill of Rights?

Victory State Bank recently visited NYC.gov, where the following information was posted:

AS A BUSINESS OWNER, YOU HAVE THE RIGHT TO:

  1. Courteous and professional treatment by City employees
  2. Inspectors who are polite, professionally dressed, and properly identified
  3. Information about how long inspections will take and the cost of all related fees
  4. Knowledgeable inspectors who enforce agency rules uniformly
  5. Receive information about agency rules from inspectors or other employees
  6. Contest a violation through a hearing, trial or other relevant process
  7. Request a review of inspection results or re-inspection as soon as possible
  8. Receive explanation from inspectors (if requested) on violation details and instructions for viewing inspection results
  9. Access information in languages other than English
  10. Comment, anonymously and without fear of retribution, on the performance or conduct of City employees

If you feel that the service you received is inconsistent with the above, you are encouraged to use the City's online feedback tool, located at www.nyc.gov/customersurvey.

According to the NYC.gov Web site, alll comments and information submitted through the feedback tool will be kept strictly confidential and used solely to enhance business owner service.

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Shines Light On Importance Of Business Money Management

 

STATEN ISLAND, N.Y. – Since cash is the key for operating small businesses, Victory State Bank shares financial tips to manage your money to success.

 Cash flow is the movement of money in and out of your business.

Inaccurate cash flow analysis – or lack of available cash – can affect the everyday operations of your business and your eligibility to receive a loan.

Inflow comes form operations such as the sales of goods and services, loans, lines of credit and asset sales.

Outflow occurs during operations such as business expenditures, loan payments and business purchases.

The Small Business Administration explains that cash flow analysis statements are generally separated into three parts:

  • Operating activities: This section evaluates net income and loses of a business. By assessing sales and business expenditures, all income from non-cash items is adjusted to incorporate inflows and outflows of cash transactions to determine a net figure.

 

  • Investment activities: This section reports inflows and outflows from purchases and sales of long-term business investments such as property, assets, equipment, and securities.

 

  • Financing activities: This section accounts for the cash flow trends of all money that is related to financing your business. For example: if you received a loan for your small business, the loan itself would be considered an inflow of cash.

Victory State Bank supports a healthy strategy in managing and maintaining your business’s cash.

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.



Victory State Bank: Cyber-Security Threats Are Real; Protect Your Business

 

STATEN ISLAND, N.Y. – Victory State Bank is at the forefront of pioneer in protecting small businesses and other banking customers from cyber-security threats.

 

Broadband and information technology are powerful tools for small businesses to reach new markets and increase sales and productivity. Businesses must implement the best tools and tactics to protect themselves, their customers and their data against cyber attacks.

 

  1. With this in mind, Victory State Bank is pointing to 5 key cyber-security tips from the Federal Communications Commission (FCC) for protecting your small business:
  2.  Train employees in security principles. Establish basic security practices and policies for employees, such as requiring strong passwords and establish appropriate Internet use guidelines that detail penalties for violating company cybersecurity
  3.  Protect information, computers and networks from cyber attacks. Keep clean machines: having the latest security software, web browser and operating system are the best defences against viruses, malware and other online threats.
  4.  Provide firewall security for your Internet connection. A firewall is a set of related programs that prevent outsiders from accessing data on a private network. Make sure the operating system’s firewall is enabled or install free firewall software available online.
  5.  Create a mobile device action plan. Mobile devices can create significant security and management challenges. Require users to password protect the devices, encrypt their data and install security apps.
  6.  Make back up copies of important business data and information. Regularly back up the data on all computers. If possible, backup data automatically and store the copies either offsite or in the cloud.

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Points to Avoiding Scams 101

 

STATEN ISLAND, N.Y. -- Now that new students have had a chance to adjust to the new academic year, Victory State Bank would like to remind our college patrons of a few tips to protect from being scammed. The Federal Trade Commission recommends following these guidelines to keep yourself scam-free:

 

  1. 1.Keep your personal information to yourself.
  2. 2.Socialize safely online.
  3. 3.Consider the National Do Not Call Registry.donotcall.gov
  4. 4.Stay away from “guarantees” of scholarships.
  5. 5.Don’t buy bogus weight loss products.
  6. 6.Understand credit.annualcreditreport.com. Watch out for lookalike sites that make it sound like they’re free, but then hit you up for monthly fees.
  7. 7.P2P file-sharing can be risky.
  8. 8.Travel scams turn summer breaks into summer busts.travel tips.
  9. 9.Phishing scams reel in personal information.
  10. 10.Some employment services are scams.looking for a job.

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com. .

 

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

www.RelevantPR.com

Mobile: 917 715 8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 


Victory State Bank: Debit Cards’ Consumer Protection 

Differs From Credit Cards


STATEN ISLAND, N.Y. -- Although both credit cards and debit cards are easy ways to pay for your purchases, debit cards have some different levels of consumer protection and the potential for consumer fees.

The government Web site USA.gov explains that debit cards are directly connected to your bank account, so when you swipe your card make sure that you have the money in your account to pay immediately.

If you don't have enough money in your account, your bank may "loan" the money and pay the overage. However they may charge you up to $35 for this courtesy, even if the dollar amount the bank covered was small. There may also be fees applied to your card when you use your card with your PIN.

Debit cards don't offer as much protection against fraudulent use, or if your card is lost or stolen. Also, if you need to dispute a purchase, you are in a weaker position because the merchant already has the money and it will only be returned if you win the dispute.

Another fact to keep in mind is when you use your debit card to make reservations for hotels or rental cars, a hold is placed on your debit card (and your checking account) which can affect your other pending transactions. Even if the hold is removed, it may take as long as a week to make the funds available to you again.

For more information about debit cards, visit http://www.usa.gov/topics/money/banking/atm-debit.shtml.

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.