May 16th, 2014 by Elma Jane
National Transaction discussed about credit card underwriting today, a training twice a week given to our Sales Representatives together with our partner Elavon. Training outlined the following why Elavon needs guidelines, credit decision factors as well as which merchants are restricted vs. which merchants are prohibited. For company understanding, facts about fulfillment will be outlined allowing for a better understanding of the department that receives and processes new merchant applications. Application requirements will be identified and then why applications pend.
Fulfillment Services – The department who manages merchant applications through the process of: Data Entry, Underwriting, Deployment and Merchant Activation.
Best way to get an application to boarding – Email and Fax.
The key to success is gathering the right information, such as data from a myriad of sources, including bank statements, credit reporting agencies, utility assessments, tax assessments and additional financial documentation. These are just some chunk of what we have discussed today. With the right tool and support from National Transaction Team closing a deal is feasible.
Posted in Best Practices for Merchants, Credit card Processing, nationaltransaction.com Tagged with: bank statements, credit, credit card underwriting, credit-card, data, Data Entry, Elavon, Merchant Activation, merchant applications, Merchant's, National Transaction, tax, underwriting
