Quote:
Originally posted by shap
Stocktrader I believe you are wrong. All the risk gets moved to the new processing bank.
Remember First Data gets to hold the reserves for x amount of time and the reserve amount would be more than enough to cover the worst case scenario (that's why the reserve is so high, it's for worst case scenarios).
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Of course. So how long can FD hold the reserves in the event a new bank is used? I would wager it's a long ass time.
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