The Payment Stream Financial Program: Consumer Contracts Funding
Ten Features Of The Payment Stream Financial Program
This program has several consumer oriented features created to qualify more prospective customers and thereby generate enhanced sales capabilities for our clients.
1. No credit checks are necessary in order to qualify the consumer.
2. No formal contracts are required, provided the consumer has authorized payments on their credit card.
3. The receivables will be purchased after the product has been shipped and typically after the 30-day money back guarantee has expired. The intent is that the returned accounts be eliminated prior to the consumer receivables being sold.
4. There is no interest charged to our client?s customers.
5. There is no recourse to our clients.
6. This program works well with credit card payments.
7. This program is great for infomercials.
8. This program works well for our clients who have high mark-ups.
9. The funding source absorbs the credit card fees.
10. The program is based on an automatic debit.
The Payment Stream Financial Program: ?? An Example
Let us say, for example, that you offer a five payment credit card transaction, and receive the initial payment with the first order. You then receive the second payment thirty days later. You may then sell the receivable immediately after having received the second payment and the funding source would purchase the remaining three payments.
However, if you only charge shipping and handling up front and receive the initial payment thirty days later, then the funding source would purchase the remaining four payments.
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Dr. Anthony F. Cicone, the owner of Access Funding Center, Inc. received his certification in the cash flow industry on Feb. 14, 1996 through the International Factoring Institute, Center for Business and Professional Development at the Open University. At that time, Dr. Cicone was conferred a Diploma as a Certified Factoring Specialist (CFS).
On April 2, 1996, Dr. Cicone was enrolled as a member of the National Association of Factoring Professionals.
On May 14, 1999, Access Funding Center, Inc. was incorporated in the state of South Carolina.
Dr. Cicone was named “top grossing broker” for MFSI, for 2002
Dr. Cicone has been the subject of several articles in the American Cash Flow Journal. Dr Cicone also actively contributes articles to the American Cash Flow Journal.
In January of 2003 the American Cash Flow Association designated Dr. Cicone as a Master Consultant in the areas of Consumer Receivables and Unsecured Business Loans.
Also in January of 2003, Dr. Cicone achieved the highest level of recognition in the cash flow industry when he was named to the Million Dollar Club.
In July 2003, Dr. Cicone became the founding president of the South Carolina Chapter of the American Cash Flow Association.
Tagged with: Consumer • Contracts • Financial • Funding • Payment • Program • Stream
Filed under: Transactional Funding
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