No, this isn't a reference to The Contest a la Seinfeld. It's a reference to knowing and understanding the industry you work in. So far I've worked in Pharmaceutical Manufacturing (blood bank), Social Services, government health care and now Financial Services.
I've actually worked in Financial Services before when I tried and failed to start up my own company a few years back. Tried to create gift cards that could be used with taxis. I lived in Gainesville, Florida at the time which is a pretty big party town. Let's just say it took me almost 10 years to graduate.
Anyway, I had no idea what I was doing back then (as if I really do now).
I didn't do a very good job of learning the business of blood and that definitely hurt me. I was trying to stay above water on the technical side.
Social Services was a bit better as I would spend a lot of time asking questions.
Government health care, Medicaid, Medicare, PDP, so on and so forth, there's a lot of information out there. I spent most of my time on the technical aspects and didn't have a lot of exposure to the business of government health care plans.
I'm trying to change that now. I think my experience of starting my own business helped me understand many of the (very) basics of credit card processing. But there is so much more I don't know. In that vain (sp?) I'm going to start linking up rules and regulations from the banking industry as well to help me better understand. Hopefully you'll get something out of it too.
So CardReport is my first go. It looks cheesy and all, but it's a start. I'm sure that will lead me to more authoritative sources in the future or maybe I'll find that despite the cheese factor, it's good.
Credit Laws and Banking Regulations
Consumer Credit Overview