Aha, so the client is offering direct credit: "we'll let you buy up to $500 on our site and bill you later for it" or something along those lines? If that's the case, then they don't need a bank, but they'll need some pretty robust business rules:
a) how do you verify that the person is 'good' for a $500 line on my site? b) how do you verify that the person placing an order today still has enough 'credit' left to make the current purchase? ($350 sale yesterday out of $500 line, means a $120 sale this afternoon is still good) c) how do you make sure that you can collect? if you offer credit and you send the $500 worth of ordered goods without payment, what's the penalty for non-payment? have to make sure that the lawyers are involved and that they agree they can make collections for you on the basis of whatever online agreement is signed with the customer; if the lawyers don't think your agreements for credit are tight enough for you to collect bad debt in court, then you better not be sending un-paid orders to anyone! I'm sure there are other risks as well, but these were my first 3 thoughts :) -Jason > That's a very good question. I'm not sure my client really knows which > one is needed and I have absolutely no knowledge of how this process > works ... so my answer is "Dunno!" > > The client's exact words were: "I want visitors to fill out a form and > submit it and get approved for a line of credit they can use to pay > for services on my site." > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-talk/message.cfm/messageid:314472 Subscription: http://www.houseoffusion.com/groups/cf-talk/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.4
