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First Data?
Much of the focus lately has been on Ibill and their inability to pay for even current transactions.
But what about all that money First Data supposedly owes them?
Does anyone know contractually what date that money is supposed to be released to Ibill?
And what would happen if Ibill went bankrupt before First Data paid out?
Would First Data be required to release the money directly to Ibill clients? or would a court decide what happens to that money?
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