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.
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.
]![[illnet]-Jamie](data:image/svg+xml;base64,CgkJCTxzdmcgeG1sbnM9J2h0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnJyB2aWV3Qm94PScwIDAgNTAgNTAnPgoJCQkJPHJlY3Qgd2lkdGg9JzEwMCUnIGhlaWdodD0nMTAwJScgZmlsbD0nIzQ4Yjk2NCcgLz4KCQkJCTx0ZXh0IHg9JzUwJScgeT0nNTAlJyBmaWxsPSd3aGl0ZScgZm9udC13ZWlnaHQ9J2JvbGQnIGZvbnQtZmFtaWx5PSdBcmlhbCcgZm9udC1zaXplPSczMDAlJyBkb21pbmFudC1iYXNlbGluZT0nY2VudHJhbCcgdGV4dC1hbmNob3I9J21pZGRsZSc+WzwvdGV4dD4KCQkJPC9zdmc+CgkJ "[illnet]-Jamie")
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