[1StopFunding]

It was pretty cool. There was an ISO training all day for merchant processing iso's. I didn't get there until the close of that session. Vantiv sponsored the opening reception. There was prime rib and roasted turkey and of course FREE drinks!! Mostly merchant processing companies setup, but I did talk to a few of the MCA funders who were exhibitors- Rapid, Merchant Cash and Capital, GRP, On Deck, Principis and 2 Miami companies were exhibitors I'd never heard of but seemed interesting- The Funding Tree and NextWave. The guy from Nextwave was proud that they use their own money for funding deals and never have to use outside investors. He was quite convincing in a "mafia" look kinda way. He said they fund the stuff my regulars won't- car dealers, collection companies, etc. Merchant Cash Group had reps floating around, but they were not an exhibitor. Had a very interesting conversation with guy from Principis and Nextwave about stacking. They both said they frown upon it, and if funders keep allowing it, it's going to ultimately lead to our industry being regulated. After I finished about 3 beers, it was really time for me to go home!!!!!!!

Headed out this morning, there's a lot of speakers today. AMX is springing for lunch today. I'm quite interested to hear their speech today on Business Lending.

[cashguy]

Thx for the update keep it coming

[AndyYSCISOdept]

Thanks again for the update. If you have time please give us a detailed outline of what AMX has to say, I too am interested.

Thanks for the details on Day 1

[1StopFunding]

I will do!

[MCAVeteran]

Amex partnered with heartland and priority payment systems so far on their referral program. They pay 1 perc I believe to just refer them a loan applicant. Are they chasing more processors?

[Sean Cash]

Amex partnered with heartland and priority payment systems so far on their referral program. They pay 1 perc I believe to just refer them a loan applicant. Are they chasing more processors?

Is there an online story about the Priority split deal with Amex? I heard that as well but haven't seen it mentioned anywhere.

So many companies are in the funding business now that pretty soon Netflix will be offering cash advances. There are already rumors that the US Postal Service is going into the payday lending space. The hunger for lending right now is insatiable.

It's virtually impossible to not get money right now. It's like a cash tornado out there.

This is the market sentiment right now:

[1StopFunding]

AMX didn't announce that they were partnering with Priority. The guy just gave a general overview of the alternative lending market and what AMX offers.

Jason Oxman with Electran was really good. He was the keynote speaker and he addressed the state of the industry from Washington's view. He talked a lot about the different things Electran is doing in relation to data breaches.

I got a chance to meet with Strategic and Fora- they were exhibitors, as well. It was a great conference!

[Capital Stack]

good stuff thx alot