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Lots of negatives here, how about some positives?
Intercept provides IBILL with a closer path to the merchant banks, it will allow IBILL to stabilize relationships with Visa/MC that could not be accomplished with them using solely First Data. Intercept could provide significant infusion of capital to allow IBILL to accelerate buildout of their network, increase staffing, and provide better service to their clients. IBILL is also likely to reduce their costs through the economy of scale, particularly the costs they incur in processing as they now will be bundled into a much larger pool. Sort of like how Walmart crushes the competition.
The biggest plus that I see to this is the fact that I will now be able to, in a limited fashion, look inside of IBILL's books and see the health of the company that handles our monies. If things are going badly, at least I now have SEC disclosures that I can look to for some insight and not rely on rumors taken from webmaster BBS's.
If I were a fly on the wall inside of IBILL's competition, I would not be surprised if they were not a little envious of this turn of events.
David Uwate
The SCORE Group
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