:: A Message from Epoch / Paycom

Am I to understand that you'll keep scrubbing at present levels?
Good to know ;)

not sure whats so odd about that.....processors have to scrub fraud
care to fill me in?

I stopped listening to the rumors a long time ago.

It's just business

Why wasnt the press release done earlier? Surely if it was planned in advance there would have been a stategy to deal with his departure. It looks to me like "lets wait until it hits GFY".... then go into damage control..

these negative responses on these threads are just what kills a billing processor
ePoch are NOT iBill

Thanks Rand for the info...

True, companies change with staff or even the CEO, CFO, COO etc. can be changed...although Chris was like a major share holder if not the biggest? Also he played a big role for Epoch. He made the final decisions right?

Rand, Can these changes effect any any of companie business decisions? What was Chris's main role and whats going to happen now?

Thanks for your feedback....please let us know....

Raffi

OK guys. Chill. This industry is on pins and needles all the damn time. Granted, in many ways I can understand why. But Epoch's recent management changes do not signal the end of anything.

Officially, all that has happened, and I do mean ALL that has happened, is that Chris Mallick has departed as CEO of Paycom. The two guys who've been at Epoch from day one, Clay Andrews and Joel Hall, are still here doing what they've always done. They are looking out for their business and their clients with a long-term objective on all matters. As many of you know, Epoch has always taken on the role of fighting for the longevity of this industry. Those same guiding principals are still in place.

Sometimes a change in management is what is necessary for a company to grow.

For the record....

1) Epoch has not incurred any fines.
2) Epoch's merchant banking relationships are excellent.
3) Epoch's day-to-day operations remain unchanged.
4) Epoch's plans to expand services in the EU remain unchanged.
5) Epoch has not increased scrubbing.
6) Epoch's portfolio is strong and within all card association rules.
7) Epoch is fully committed to long term objectives.

Those people who feel the need to start rumors of any nature in regard to Epoch or its operations are not doing anyone any favors. The relationships of this industry are important and "Chicken Little's" need to get checked. I can say without any hesitation that everything at Epoch is fine. Any rumor serves some ulterior motive. If anything said anywhere does not agree with the points I made above, it is simply false. End of story.

Really guys, this is a management decision. It happens every day in business. It's nothing more. Business as usual.

Umm, this makes me breathe a little easier now but ummm didnt we hear the same spin from ibill, dont worry guys everything is fine, we are strong we are liquid everyone will get thier payouts.

exactly, if there wasn't more to this whole situation, as shemp questioned, there would have been a press release before the rumors fly. Instead almost a week after the fact it is found/confirmed that the CEO has left the company.