Quote:
Originally posted by Morphious
OK , My first post, but thought it was important.
I talked to my Ibill rep this morning in detail.
He said that if they do not get the injunction, that they would turn the system over to Stand In billing and that they already have an agreement with the new bank to run a Large batch job once this is up. He also said that this should not take to long as they have over 30 people working on getting this new system up and running ASAP.
* PS. This is only what I was told from them..........
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That's to be expected. However I imagine First Data will be holding money longer than usual and if the stock takes a dive it will hurt the cashflow even more. A stock being on hold isn't some minor issue.
Good luck to you and everyone else though. Hopefully it will all blow over as smoothly as possible but it's rather frightening what could happen.
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