Quote:
Originally posted by NetRodent
A somewhat sleazy move but understandable. The simple way out is to send them a couple of signups and be done with it.
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EVERY company who's going to last / survive has these clauses - IBill likely WOULD be dead now if they had to legally pay a lot of the mass-migration payments.
Mind you, that clause is being a bit stretched in the sense that most of the money owed to people was created while their accounts WERE ACTIVE, and should have been paid out but weren't.
So yeah, it's a somewhat sleazy technicallity though it will help keep them alive, will give them additional funds over the next 6 months to use - and I can imagine if IBill didn't do anything wrong, they will sue FirstData for damages - which sounds to me like it's in the $100ks per day of lost business, and therefore a decent % of revenues lost.
Matt