Quote:
Originally posted by scoreman
IBill getting caught up is going to depend alot of whether they can get short term funding. At this point First Data is not something I would expect to be resolved in a matter of days or even weeks, its going to take either a bank giving them a line of credit or investors opening their deep pockets. The line of credit would seem to require some personal guarantees, which I am sure put some lead weight in the signature arms of the principals at iBill when iBill was not even able to function domestically. Now that they can do something in United States for Visa maybe that will change.
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Fine, but they at least need to start paying current amounts to their clients. I don't know many businesses that fare too well not paying out for six months.