Inside the technical mind of Synaptic Database
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 [...]
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 [...]
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, [...]
One of the requirements in carrying out a full scale internet payday loan operation is the CSR module. The purpose of the CSR (which btw, CSR means customer service representative) module is to enable customer service clerks to finish out the rest of the underwriting process. The web application as advanced as it is, will [...]
For a long while, I always felt a little timid when explaining to people what it is I exactly do for a living. Because of the recent stigma generated by the mass media, payday loan merchants are despised and viewed as “loan sharks”. Being the smart person that I am, I never bought into the [...]
The suggested accounting processes of Synaptic Database have been built to mark and document its business activities for several different reasons; profitability, economic trends, tax savings, and transaction reconciliation. The documentation of Synaptic Database’s accounting process contains 6 steps: Transaction Capture, Daily Activity Detail Invoice, Transit Reconciliation, Month [...]