Inside the technical mind of Synaptic Database
I came across a rather amusing article today at the Minnesota Independent.
The OCC doesn’t have a problem with national banks offering this type of loan, spokesman Dean DeBuck said. “It’s not a payday loan. It’s available through banks and bank branches. It’s something you don’t get at a storefront,” DeBuck said. “This is a product [...]
It is no secret that the payday lending industry can be very profitable.
It is also no secret that the payday lending industry faces a very uncertain future, due mostly to proposed changes in regulatory legislation overseeing short-term lending.
Currently, Payday Loans are regulated state-by-state meaning that every state implements it’s own set [...]
As with most days, I like to spend a bit of dedicated time each day to look for useful and current information regarding the Payday Lending Industry, a task which sounds easier than it actually can be at times. I have found a surprising (and on some levels, not so surprising) lack of relevant and [...]
I would like to discuss an article I have found today. And it started off so well…..
“The best thing that can be said of payday lenders is that their practices are no more predatory than some by banks, credit unions and credit card companies.”
- YES!! Sometimes it seems so far and few between that [...]
It’s no secret that the Payday Loan industry is constantly facing changing regulations in States all over the United States. Not to worry, there are several States that have incurred seemingly strict regulations and Payday Loan operators are still able to flourish and maintain profits in the face of these changes. Of course, those who [...]
Its been a while since the last post so I figured I would chime you guys in on the latest news of our internet lending technology. For the longest time, our vision at Synaptic Database was focused on recreating the look and feel of the payday lending industry. I’ve actually written a short blog about [...]
The development of the call center software (previously referred to as the CSR module) has indeed been a long journey, and we’re starting to see the light at the end of the tunnel. Its times like these that make me anxious to finish - mainly because I just can’t wait to give it a full [...]
Its been a few years since I’ve started in the payday loan business, and along the way I’ve met a good bit of people. Now for those who know me personally, you would know that I’m pretty young compared to my own business experience. It hasn’t taken me long, but I started to realize two [...]
Wow. An entire work day finished! It seems to me that I should be a little further along than where I am at right now but, oh well. I’d rather take a longer time to make sure things are done right than rush through it. Anyways.
I just wanted to give you guys an update of [...]
I get a lot of different requests as my phone rings through out the week. Majority of these calls have to do with software inquiries and pricing. The problem is if you don’t know the payday loan industry well, shopping for software technology can be some what vague. You’ll see a lot of different options, [...]