[FunYouMan]

I heard from a un-reliable source recently that some major banks are using a "blacklist" for some funders. Meaning if a funder found on that list is debiting a merchants accounts, the the bank will shut them down. Navy Federal, PNC, BOA are the names he used. He wouldn't tell me the funders on the list but he said PAR was obviously on it. I understand that this doesnt make a whole lot of sense that this could be possible, but im curious if anyone else has heard anything like this.

[Yankeeman07]

I heard from a un-reliable source recently that some major banks are using a "blacklist" for some funders. Meaning if a funder found on that list is debiting a merchants accounts, the the bank will shut them down. Navy Federal, PNC, BOA are the names he used. He wouldn't tell me the funders on the list but he said PAR was obviously on it. I understand that this doesnt make a whole lot of sense that this could be possible, but im curious if anyone else has heard anything like this.

If the funder is not underwritten for ACH Debits Approval from their own bank - could be possible. Similar events took place
back in the pay day loan era and all of the aftermath of that disaster.

[TradeNicely]

heard this too --- thanks for sharing

[fundingsmbs]

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