Quote:
Originally posted by bigredd
What is enough high risk for the bank? What about growth? How long have they been doing this?
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Well, I'm not on the board for the bank, so they don't tell me their entire portfolio, nor the exact figures that the VP of risk management comes up with (no bank will
), but they will get to a certain point and say....."that's enough"
I'm not sure what you're asking regarding growth, but merchants with a good history can easily get no cap accounts.
They have been doing high-risk for several years, but only as a small part of their business and I have basically persuaded them to expand it. ("and there was much rejoicing!")