Quote:
Originally Posted by Taniwha
Everyone just chill out and relax. We all know what happened when the Feds stormed the Branch Davidian cult complex. Mass carnage. Noone was saved.
First Data will pay them. They will receive some new funding. By the middle of next year, this will have all blown over. Ibill will have reinforced itself as the lead brand in the credit card processing space.
The government doesn't like porn and its pressuring the credit card companies heavily. But there are ways around this. Stay calm. Sit tight. Talk to your reps. Stop upsetting everyone else - it only makes it worse and increases the chance of everyone getting nothing.
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Do you know what a fucked company is? :-)
It's one that has no money, lies to it's clients, allegedly claims to issue payments but don't and can't find a pen to sign mythical promissory notes. That alone is a decent indicator of what faith the management have left in their business.
Why do they do all this? Because there is nada money in the bank even to pay the current balances and they know they have nada hope in hell and currently flogging themselves around banks in the hope of linking up with a retarded bank manager stupid enough to tide them over for another month.
Do you seriously think iBill is processing anything near what they did in the past? :-) Nope!
First Data will probably not be dealing with iBill but a liquidator while he clears their shit up.