1 00:00:01.800 --> 00:00:04.650 Narrator: broadcasting from the Stewart Title studio on Broadway 2 00:00:04.650 --> 00:00:07.740 in Tucson, Arizona, another interesting and informative 3 00:00:07.740 --> 00:00:11.460 episode of the Mark Bishop show. In this segment, What's New in 4 00:00:11.460 --> 00:00:14.700 Biz. And now your host, Mark Bishop. 5 00:00:17.060 --> 00:00:19.760 Mark Bishop: We've been talking with various executives in the 6 00:00:19.760 --> 00:00:23.660 small business lending industry about a new and exciting service 7 00:00:23.660 --> 00:00:28.100 product that helps them immensely to avoid the scammers 8 00:00:28.250 --> 00:00:32.930 and fraudsters who prey on these merchant cash advance providers. 9 00:00:33.440 --> 00:00:37.070 Nationwide Management Services offers a virtual video 10 00:00:37.070 --> 00:00:41.360 verification software, which not only offers great security, but 11 00:00:41.360 --> 00:00:45.680 a massive time saved as well. There's a big event coming up in 12 00:00:45.680 --> 00:00:50.090 October named deBanked Connect in San Diego. And my next 13 00:00:50.090 --> 00:00:54.110 interview in this series comes from The Fundworks, LLC, one of 14 00:00:54.110 --> 00:00:58.970 the sponsors of this huge event. Avital Faershtein is the 15 00:00:58.970 --> 00:01:03.800 Director of Operations for The Fundworks, LLC. Hi there, 16 00:01:03.800 --> 00:01:05.030 Avital, how you doing? 17 00:01:05.780 --> 00:01:07.340 Avital Faershtein: Hi, great, Mark, how are you? 18 00:01:07.370 --> 00:01:10.070 Mark Bishop: I'm well, thank you. Tell me how has this 19 00:01:10.070 --> 00:01:13.070 process been helpful to your organization? 20 00:01:14.150 --> 00:01:16.010 Avital Faershtein: Well, thank you for taking the time to speak 21 00:01:16.010 --> 00:01:19.850 with me Mark, Nationwide Management Services was able to 22 00:01:19.850 --> 00:01:23.480 complete our virtual site inspection order very quickly. 23 00:01:23.720 --> 00:01:27.800 It did not take long at all to receive all the results, and our 24 00:01:27.800 --> 00:01:31.130 merchant was impressed with the ease of the process. We were 25 00:01:31.130 --> 00:01:34.640 able to receive the video of the inspection as well over 50 26 00:01:34.640 --> 00:01:38.750 photos of the exact location of the business on the map. 27 00:01:38.970 --> 00:01:42.030 Mark Bishop: Wow. I mean, do you see this process increasing your 28 00:01:42.030 --> 00:01:43.230 funding capabilities? 29 00:01:44.440 --> 00:01:46.390 Avital Faershtein: Oh, sure, having the ability to offer 30 00:01:46.390 --> 00:01:49.960 virtual site inspections is a great benefit. Since the virtual 31 00:01:49.960 --> 00:01:53.410 site inspection process is so quick, we'll be able to expedite 32 00:01:53.410 --> 00:01:56.710 the fundings of the approvals that require site inspections 33 00:01:56.710 --> 00:01:58.420 and help more small business owners. 34 00:01:59.100 --> 00:02:00.870 Mark Bishop: So what you're telling me is you were able to 35 00:02:00.870 --> 00:02:05.220 identify any fraudulent merchant activity pretty quickly. That's 36 00:02:05.220 --> 00:02:10.470 good. How easy is it to order a virtual video verification 37 00:02:10.470 --> 00:02:11.160 inspection? 38 00:02:12.390 --> 00:02:15.030 Avital Faershtein: It is just about a minute it's super easy. 39 00:02:15.300 --> 00:02:17.940 We were able to customize the reports as well, which is 40 00:02:17.940 --> 00:02:19.620 extremely helpful on our end as well. 41 00:02:20.340 --> 00:02:22.470 Mark Bishop: Okay, would you recommend these services to 42 00:02:22.470 --> 00:02:24.300 other merchant cash advance providers? 43 00:02:25.260 --> 00:02:26.040 Avital Faershtein: Definitely. 44 00:02:26.990 --> 00:02:29.960 Mark Bishop: Okay, Nationwide Management Services offers a 45 00:02:29.960 --> 00:02:34.040 virtual video verification software, which not only offers 46 00:02:34.040 --> 00:02:38.180 great security we're hearing but a massive time saved as well. 47 00:02:38.420 --> 00:02:42.740 Now this process has helped your organization. You see this 48 00:02:42.740 --> 00:02:46.880 process increasing your funding capabilities and you're able to 49 00:02:46.880 --> 00:02:50.720 identify any fraudulent merchant activity. That's pretty exciting 50 00:02:50.720 --> 00:02:52.130 stuff, I think Avital. 51 00:02:53.720 --> 00:02:55.160 Avital Faershtein: 100% Absolutely. 52 00:02:55.620 --> 00:02:57.930 Mark Bishop: Said it's easy to order as well. And you would 53 00:02:57.930 --> 00:03:01.200 recommend. Well listen, I know you're very, very busy and the 54 00:03:01.200 --> 00:03:03.600 conference is coming up and you're looking forward to that, 55 00:03:03.600 --> 00:03:06.210 I have I see you there. Thank you for giving us the time that 56 00:03:06.210 --> 00:03:11.430 you have. Avital Faershtein, She's the director of operations 57 00:03:11.520 --> 00:03:16.350 for The Fundworks, LLC. Another very happy customer it seems 58 00:03:16.350 --> 00:03:19.890 using the virtual site inspection software. Thank you, 59 00:03:19.920 --> 00:03:23.820 Avital Faershtein, the Director of Operations, The Fundworks, 60 00:03:23.820 --> 00:03:28.350 LLC, one of the sponsors of the deBanked Connect San Diego 61 00:03:28.350 --> 00:03:32.970 conference held once a year in San Diego, and it's being held 62 00:03:32.970 --> 00:03:37.590 at the Hard Rock Hotel in the Gaslamp Quarter, October 24 this 63 00:03:37.590 --> 00:03:42.240 year, 2019. It sounds like a lot of fun. It kicks off at 1:30pm 64 00:03:42.240 --> 00:03:45.240 with registration and networking. And that does sound 65 00:03:45.240 --> 00:03:48.600 like fun. It's the end of the only small business finance 66 00:03:48.600 --> 00:03:53.010 networking event from what I can find out of its kind in 67 00:03:53.010 --> 00:03:57.660 California. And apparently last year over 300 attended with an 68 00:03:57.660 --> 00:04:01.680 expected 400 this year. No wonder I guess when it's 69 00:04:01.680 --> 00:04:05.640 inclusive of merchant cash advance, small business lending 70 00:04:05.730 --> 00:04:10.020 equipment leasing, factoring an tabletops for sponsors. And of 71 00:04:10.020 --> 00:04:14.550 course top speakers, a virtual who's who of the Small Busines 72 00:04:14.580 --> 00:04:17.850 financial world. Now look, in case you're wondering, "am I too 73 00:04:17.850 --> 00:04:21.450 late to get discounted room rates?" Well, you're not. But 74 00:04:21.630 --> 00:04:25.590 you've only got to September 23 to get that special boys an 75 00:04:25.590 --> 00:04:28.500 girls so don't dilly dally because after that it's back to 76 00:04:28.500 --> 00:04:34.950 full price. So get a move on an go to www.debankedsandiego.com 77 00:04:34.950 --> 00:04:40.110 When the website Bob's up click the venue tab and 78 00:04:40.260 --> 00:04:42.960 take advantage of it all. I think it's going to be a 79 00:04:42.960 --> 00:04:45.570 wonderful event this year. And for those of you that are not 80 00:04:45.570 --> 00:04:49.620 privy to deBanked, it's a top notch trade publication based in 81 00:04:49.620 --> 00:04:54.450 New York City that is dedicated to non bank finance. Sean Murray 82 00:04:54.450 --> 00:04:59.340 is the founder of the company, producing events since 2017. 83 00:04:59.340 --> 00:05:02.910 I guess he's doing something right, all of its previous US event 84 00:05:02.910 --> 00:05:06.810 have sold out well in advance I've had to get my ticket fast, 85 00:05:06.930 --> 00:05:10.260 and I hope to meet you there. This is Mark Bishop for What's 86 00:05:10.260 --> 00:05:14.520 New in Biz, a syndicated radio podcast of the Mark Bishop show 87 00:05:14.610 --> 00:05:17.520 heard through the global footprint of the Tucson busines 88 00:05:17.520 --> 00:05:20.700 radio x network and major podcast platforms