Faisal Khan

Money Transfer License MSB Friendly Bank Money Transmitter License

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5 Tips To Follow If Your Business Starts Struggling

Many business owners question what to do if their business starts struggling. Luckily, getting your business back on track isn’t as complicated (or alarming) as you may think. Businesses may struggle for numerous reasons, and in order to rectify the issue, you must pinpoint the problem. When individuals are facing an urgent financial emergency, they may consider a payday loan to provide them with short-term financial aid, however businesses may need to turn to banks and other financial institutions to help provide them with funds when they run into financial trouble. Once businesses have the funds in place, they are able to become more creative in order to help make the business stand out amongst competitors, and learn how to prevent similar problems in the future which may negatively impact the business. Here are our five tips to follow if your business starts struggling.

  1. Identify The Issue

Before you begin fixing the problem, you must identify where the gap in your business is. After all, you don’t want to spend hundreds, if not thousands, of pounds enhancing your marketing efforts if your business process is causing the issue. In order to gain clarity to find the issue, consider the demand for your product or service, competition and if your target market is defined correctly. This way, you can ensure you are reaching the correct audience in the most effective way.

  1. Embrace Change

Another tip to follow if your business starts struggling is to embrace the opportunity for change. If you own a business that has avoided moving into the digital age or one that is slowly building their online presence, it’s time to put your brand and business out there as much as you can. It is paramount that you adapt your business according to your individual requirements, and in order to do this successfully, you need to keep up to date with changing business trends and integrate these seamlessly into your current business practices.

  1. Get Creative!

Even if your business isn’t struggling, you should do your utmost to get creative in the most unique way possible, although some businesses may find themselves restricted by budget. If you are experiencing a difficult business patch, getting creative is an effective way to overcome your current struggles, and potentially prevent those that may occur in the near future. There are numerous creative ways you can help boost your business, whether it is redesigning your marketing resources or arranging new advertising opportunities to push your brand into the spotlight or conducting further research industry in order to cater better for audience needs.

  1. Cut Unnecessary Expenses

Once you have identified the issue, began to embrace change and have started considering new and exciting ideas, it is paramount you make a list of all your expenses and cut those that you don’t need. This way, you can decide whether it is in your business’ favour to put your savings towards something that will really help boost your business or put it aside. With good money management, you can turn your business around and this will help to ensure you stick to your business’ budget.

  1. Focus On The Future

It is important to continue focusing on the future of your business, even if your business starts struggling. Whilst finding new and creative ways to overcome your current business struggles, by taking time out to focus on the future, you can ensure your business is protected from experiencing the same struggles again, and if it does, they may not be as bad as they were the first-time round. In order to focus on the future, we suggest referring to your business sales, and marketing and operations plans. With these documents, you can take into account what has happened in the past in order to construct your future vision accordingly.

There are numerous tips you can follow should your business begin to struggle, these are just a few. As soon as your business starts struggling, you must identify the problem in order to prevent further damage. Once you have identified the issue, you can begin to embrace change and discover creative ways to rectify the issue in good time as you continue to focus on the future.

Check21 Money Transfer Israel

Check21 Money Transfer Israel

Does your money transfer business process Check21 money transfer Israel? Do you need access to banking and other services for Check21 processing?  We can help!

If you are a money transfer or money exchange company that is helping its customers send remittances or money to countries like Mexico, Israel or any non-sanctioned, low-risk country, then Check21 is a service that is imperative for your business.

With Check21, customers can send money to Israel through checks made out of US bank accounts. These checks can then be cashed by beneficiaries in the receiving country in a simple and efficient manner. Thousands of people in the United States send money to their family and friends in Israel through these checks.

If your business does not provide Check21 money transfer Israel, then you are missing out!

Are you processing a large volume of US Checks via Check21 and are looking for a suitable partner to help you set up Check21 money transfer Israel? We can help. With our network of partners, we can connect you with the best opportunity to access a bank account, process Check21 payments and grow your business. 

We understand the complications involved in finding a  Check21 processor who is engaged in Check21 processing for international money exchange / money transfer companies. If you are such a company, talk to us and find out how we can help your Remittance or Money Transfer business with Check21 money transfer Israel. 

Check21 International Processing

Check21 International Processing

Are you a money transfer or money exchange company looking for Check21 international processing services? We can help!

Whether your business operates in Israel, Mexico, Jordan or Latin America, Check21 processing makes it convenient and efficient for you to service your clients and customers.

Why Choose Check 21 International Processing?

Check21 provides vast benefits to both money transfer companies and their customers. By providing access to any US account, this payment method is not only fast and efficient but also convenient for customers who wish to send money abroad without the hassle. Check21 also services accounts that ACH payments do not like credit unions, savings and loans accounts, business accounts, and credit card checking accounts.

Check21 is one of the preferred methods of processing payments and allows a customer outside the US to cash in a US bank check. There are many Opportunities in Check21 Processing for Remittances (Money Transfer) companies who serve customers in other countries. Check21 international processing allows parents to send money to their children who might be studying in Latin America, or relatives who live in Mexico or Israel. 

As a money service business, Check21 enables you to provide this efficient service to your customers thus earning their loyalty and business.

Check21 International Processing Made Possible!

Becoming a processor capable of managing Check21 payments can be a complicated process. This is why we are here!

Working with Check21 Money Exchange companies and Money Transfer Operators, we can provide you with a steady stream of volume to be processed. All our partners have solid KYC programs in place (including biometric capture) and thorough Anti-Money Laundering policies. 

If you are a licensed money exchange / money transfer company and are processing a large volume of US Checks via Check21, talk to us. We can help.

The bad smell hovering over the global economy

Love the title of this article, and a brilliant (short) read on what is really happening in the world. If people paid more attention to those who conduct empirical research, they will find out that things are not as rosy as they seem. A storm on the horizon threat has been looming for too long.

As much as we may choose to ignore it – the sad things is – it is coming and we’re not giving it the serious attention that it deserves.

Attempts at economic stimulus have left a bad smell over the global economy. Central banks are starting to think the unthinkable – helicopter money

Source: The bad smell hovering over the global economy

Samsung Pay launches in China

samsung pay china

It was just a matter of time before Samsung Pay would enter the $1 Trillion Mobile Market – i.e. China.  Apple Pay recently launched in China (about a month back. Read this excellent article by the Telegraph).

Samsung which has a pretty strong presence in Asia, because of its low cost phones and a huge variety of models, sees the China market as a must-enter arena… which it has.

However, Samsung Pay is only available on its top end phones, there are rumors that Samsung might come out with a much more economical line that enables Samsung Pay (which would make sense), given the competition it faces from Apple and the incumbent Chinese wallet players.

Expect Samsung to ring up good numbers in China.

This comes about a month after Apple Pay arrived in China.

Source: Samsung Pay launches in China

Utah introduces white-collar crime registry

It was bound to happen, Utah introduces a White-collar crime registry. Such registries are bound to get more attention and would become mainstream. Just like the sex offenders list, US State Financial Regulators are now aiming at creating registries for white-collar crimes.

 

Why was the online database created, and how effective will it be?

Source: Utah introduces white-collar crime registry

Foreign banks cut remittance tie-ups – The Standard

Interesting development taking place for Philippines. Considered to be one of the safest countries to send money, now no more. Banks are severing their tie-ups with Philippines based banks – citing the risk that was associated with doing business in Philippines due to the recent central bank heist where US$ 81 Million was siphoned away – using the Philippines banking channel. Remittances are definitely going to be affected.

Not good news for the PH market.

The Finance Department pushed for changes in the Anti-Money Laundering Act, after several foreign banks cut ties with money transfer operators servicing migrant Filipinos.

Source: Foreign banks cut remittance tie-ups – The Standard