[J.Celifarco]

John - you mentioned earlier that you dont/didnt work with CAN and everything you know about their programs is from your brother. If JCoop is funding $15 million/year, I'm pretty sure the rep he has is doing a very good job.

then why has he never had a 36 month offer when my brother does a fraction of that volume with them and has done a few of them.. I doubt in all that volume he did not have any that would qualify for the 36 month programs. So what other assumption is there to be made other then whoever he was working with was not getting him the best deals possible?

[GSilverman]

What "Very Good Job" has his rep done in since December 1, 2016?

For a Third Time

Since December 1, 2016, what have you done with your CAN accounts > 50% remitted?

[Michael I]

then why has he never had a 36 month offer when my brother does a fraction of that volume with them and has done a few of them.. I doubt in all that volume he did not have any that would qualify for the 36 month programs. So what other assumption is there to be made other then whoever he was working with was not getting him the best deals possible?

not surprising at all. Some reps were terrible and some great.i know people who barely did volume that got on programs that people who did serious volume didn't have .

[J.Celifarco]

not surprising at all. Some reps were terrible and some great.i know people who barely did volume that got on programs that people who did serious volume didn't have .

Its like that at all the banks. It is why connections are so important. There are people who send deals to me because I get better treatment at a bank that they are signed up direct with. The opposite is also true I have tried banks and stopped sending them deals thinking they are awful while people I know and respect at other companies think they are the absolute best.. Depends on the relationship you have with that particular bank. If anyone on here thinks that banks treat all ISO's the same they are crazy, obviously this was the case at CAN

[WestCoastFunding]

Speaking of 36 month terms at CAN, I had a merchant come to me wanting a 2nd position behind CAN. When I looked at his statements I noticed he had been on reduced payments with CAN for months. His payment would revert to the original payment after a while, and then he would get another payment reduction a few days later. Long story short, when I did the math, at the current rate CAN was turning an 18 month term into a 36 month term through payment reduction. If this was wide spread (and I have no idea if it was, but this was a merchant that was failing, who was being rewarded with a de facto "prime" product) then I can understand why CAN is in this mess.

[HDF]

Called kicking the CAN down the road...

[mca54321]

Is the auction over?

[mca54321]

Do you know if the auction is over?
If it isn't do you know where I could find out the details?
Thanks!