All of this is voodoo. I just moved and the airline that services the main airport is not one I normally fly with. Okay, good airline, lets apply for their credit card to get miles, status, etc. Fill out the application online. Expect answer quickly. No. 5 days later turned down. We will send you a letter explaining why. Still waiting. I am CEO of a startup and have a FICO of 832 out of 850. IE perfect credit. Card is backed by BOA. Voodoo.
I am very much in favor of making the laws simple for payment providers as it is the best way for everyone to grow and succeed. That being said the laws for financial institutions need to require someone to talk to, a time limit on response time and an escalation process to resolve issues. We shoot ourselves in the foot here by not mandating clear, clean procedures for dealing with issues.
I am very much in favor of making the laws simple for payment providers as it is the best way for everyone to grow and succeed. That being said the laws for financial institutions need to require someone to talk to, a time limit on response time and an escalation process to resolve issues. We shoot ourselves in the foot here by not mandating clear, clean procedures for dealing with issues.