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and this from their merchantinfo page
We have entered into an agreement with First Data Merchant Services Corporation regarding the release of certain funds related to your account. First Data has agreed to release funds associated with your Visa reserves that date from April 2004 through September 2004, and settlement funds for transactions processed through September 22, 2004 (the last date on which First Data processed any transactions for iBill).
Visa reserves are calculated at 60.87% of the total reserve amount collected by iBill. The 60.87% is based on our Visa transaction volume over the three-month period prior to September 2004. (Please note that First Data did not hold reserve funds specifically related to MasterCard transactions).
Unfunded transactions relate to the transactions processed by First Data but not settled for the period from September 16 through September 22, 2004. (First Data had already released to iBill the settlement funds for all prior transactions).
You will need to validate and agree to the amounts being funded from First Data. Upon your agreement, your account will be approved for payout. These funds will be released from a First Data managed account. These funds will not flow through iBill.
In order to receive these funds, you will need to revalidate or provide your ACH instructions.
The release of funds from First Data will reduce the total amount otherwise owed by iBill. The First Data release will appear as a separate line item in your account detail.
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