WTF!! Paycom has lost its merchant bank?!?! ANOTHER iBILL!? - GoFuckYourself.com

gyrostastegood · 02-17-2005, 09:42 AM

Uhhhh, I've received a number of calls this morning telling me this.

Is this true?! Can anyone confirm?

ALSO, the CEO, Mallik, has left the company and is running now?

$1.5m has been fined to teh company and they have no more cash? Does that mean we do not get paid?

Someone please tell me it isn't true. Or if it is, more details please! I have $2,000 bucks that is owed to me! Not a lot of money, but it is to me...

Jace · 02-17-2005, 09:43 AM

oh wow...i hope this is just board crap and not for real...

Theo · 02-17-2005, 09:44 AM

if epoch doesnt have $1.5m to pay for a fine in this industry then nobody has.

StuartD · 02-17-2005, 09:45 AM

I've heard about the CEO leaving, haven't heard about it losing it's banking...

Got a link or something?

Phoenix · 02-17-2005, 09:45 AM

you should refrain from posting idiotic info unless you know something

threads like this just piss me off

Damian_Maxcash · 02-17-2005, 09:47 AM

Now this would be a major fuck up....

Lets hope its not true..........

polish_aristocrat · 02-17-2005, 09:49 AM

i wonder if that's true

who told you that, btw?

Theo · 02-17-2005, 09:51 AM

a bird

after reading the PR i can tell is bs.

cherrylula · 02-17-2005, 09:52 AM

666666

swedguy · 02-17-2005, 09:52 AM

Something tells me this is pure BS.

Furious_Male · 02-17-2005, 09:53 AM

I hate threads like this that leave everyone hanging without any true facts presented.

media · 02-17-2005, 09:55 AM

Quote:

Originally Posted by swedguy

Something tells me this is pure BS.

Word!

KRL · 02-17-2005, 09:55 AM

There is so much intentional mis-information on GFY these days its approaching the legal liability level for Lens.

I hope he starts waking up to this fact and starts taking the appropriate action and some responsibility for things posted on his board.

NoCarrier · 02-17-2005, 09:55 AM

Quote:

Originally Posted by Furious_Male

I hate threads like this that leave everyone hanging without any true facts presented.

That's because it's bullshit.

Tipsy · 02-17-2005, 09:56 AM

Time may prove me wrong but sounds like pure idiotic bullshit being so close to the news of Chris leaving. Simply people putting 2 + 2 together and making 50

vicki · 02-17-2005, 09:56 AM

The CEO is gone but Paycom is in capable hands

Kimmykim · 02-17-2005, 09:57 AM

Oh for Gods sake. I have talked to Clay personally and they have not lost their merchant account, Mallick is not running anywhere, and I will go and ride my bike over to their offices to see if the repo man is there yet.

What a stupid thread.

Just because there is a change in management does not mean a company is going out of business.

Manowar · 02-17-2005, 09:57 AM

sounds like someone just exaggerating the CEO leaving grossly

Eight · 02-17-2005, 09:58 AM

The sky is falling...:-(

Trax · 02-17-2005, 09:58 AM

why did Chris leave? I can imagine the paycheck at epoch was nice lol

MickeyG · 02-17-2005, 10:00 AM

and another one bites the dust...

Rand · 02-17-2005, 10:00 AM

Paycom merchant processing remains in good standing and there have been no fines.

These are nothing but rumors and are simply untrue.

Jer · 02-17-2005, 10:00 AM

This thread should be closed.

Drake · 02-17-2005, 10:02 AM

Quote:

Originally Posted by Jer

This thread should be closed.

Yes it should. Now the rumor mill will be underway.

Damian_Maxcash · 02-17-2005, 10:04 AM

Quote:

Originally Posted by Kimmykim

Oh for Gods sake. I have talked to Clay personally and they have not lost their merchant account, Mallick is not running anywhere, and I will go and ride my bike over to their offices to see if the repo man is there yet.

What a stupid thread.

Just because there is a change in management does not mean a company is going out of business.

I think Paycom should have expected a few nervous reactions concidering the current climate and the situation with IBill.

No-one likes change and Paycom have been ambling along very nicley with very few dramas in the past

KRL · 02-17-2005, 10:07 AM

All these threads where mis-information is being posted should be closed.

Kimmykim · 02-17-2005, 10:07 AM

Quote:

Originally Posted by damian2001

I think Paycom should have expected a few nervous reactions concidering the current climate and the situation with IBill.

No-one likes change and Paycom have been ambling along very nicley with very few dramas in the past

No argument from me at all on that one. When I spoke with Clay on the phone we discussed that very thing.

However - that is where the similarities end. Paycom hasn't been sold, sold again, missed any payments in years, or given people nothing but a string of excuses a mile long for not paying them.

I've said this for the last year or so, if I were looking for a third party solution, I'd get accounts with Paycom and with CCBill.

I would do the same today.

Shap · 02-17-2005, 10:09 AM

KK I have a feeling the person that posted this isn't making this out of Chris leaving. I'm pretty sure they were called and told this. Somebody has it out for paycom and is telling people the sky is falling there.

kmanrox · 02-17-2005, 10:10 AM

if rand says its all good then its all good... i had great sex with him once and he did everything he said he would without complaint... good ppls ;-)

DateDoc · 02-17-2005, 10:11 AM

This is from another GFY thread:

Quote:
Originally Posted by gyrostastegood
I'm getting calls with news that:

1. Paycom has been fined $1.5m and slapped with a lawsuit (this is true)
2. Paycom has lost its merchant (is this true?)
3. paycom has no money to pay us this month (is this true too?)

someone please verify! i'm getting hte jitters here because i have a couple grand with them...

1) False
2) Flase
3) False
__________________
Rand at Epoch

Epoch Transaction Services
Paycom Billing Services
ePassporte.com

Kimmykim · 02-17-2005, 10:12 AM

Quote:

Originally Posted by shap

KK I have a feeling the person that posted this isn't making this out of Chris leaving. I'm pretty sure they were called and told this. Somebody has it out for paycom and is telling people the sky is falling there.

I'm sure I could speculate on just who is doing the telling, too. I choose not to since there's no truth to it.

Cory W · 02-17-2005, 10:17 AM

Quote:

Originally Posted by KRL

All these threads where mis-information is being posted should be closed.

I agree. But it will never happen.

Unless the post is from a valid source or at least someone that has a reputation for qualified post, they should be deleted, and yes, with discretion.

Freedom of Speech arguments on a private corporations Internet real estate absolutely kills me.

A plight of ignorance and uninformed peoples lives on....

punker barbie · 02-17-2005, 10:18 AM

*to the boys that sent me a text last night* (you know who you are)

OMG you were so freaking right!!!! ROFL! *wink wink*

Shap · 02-17-2005, 10:18 AM

Exactly KK. You know they've been sitting there waiting to have a chance to take a shot at Chris and paycom

Kimmykim · 02-17-2005, 10:20 AM

Quote:

Originally Posted by shap

Exactly KK. You know they've been sitting there waiting to have a chance to take a shot at Chris and paycom

Glass houses and rocks don't exactly mix. Everyone would do well to remember that.

PerfectionGirls · 02-17-2005, 10:21 AM

Quote:

Originally Posted by KRL

There is so much intentional mis-information on GFY these days its approaching the legal liability level for Lens.

I hope he starts waking up to this fact and starts taking the appropriate action and some responsibility for things posted on his board.

Exactly! Its amazing that this stuff is aloud to happen, but its been the norm here for about 6 months. To bad really and kind of sad.

Vitasoy · 02-17-2005, 10:23 AM

Ok.. I'm wide awake now.

tony286 · 02-17-2005, 10:30 AM

Quote:

Originally Posted by WEG Cory

I agree. But it will never happen.

Unless the post is from a valid source or at least someone that has a reputation for qualified post, they should be deleted, and yes, with discretion.

Freedom of Speech arguments on a private corporations Internet real estate absolutely kills me.

A plight of ignorance and uninformed peoples lives on....

I dont think thats true because I belong to a bunch of serious videography boards. You write off topic you are bounced, you write about anything doesnt have to do with videography you are gone. If this thread is a caseof some one yelling fire in a crowded building it should be deleted but this board has no monitoring really so what do you expect lol

gyrostastegood · 02-17-2005, 10:35 AM

My main question is, why would Chris Mallick leave as CEO?

I'm pretty sure the $1.5m fine is true. Well, I guess we'll have to wait for the press release...

Stephen · 02-17-2005, 10:43 AM

Quote:

Originally Posted by gyrostastegood

I'm pretty sure the $1.5m fine is true.

I have it on reliable authority that there were no fines.

You can read the story here: http://xbiz.com/news_piece.php?id=7500

We'll be posting factual updates throughout the day and as the story progresses.

gyrostastegood · 02-17-2005, 10:50 AM

Quote:

Originally Posted by Stephen

I have it on reliable authority that there were no fines.

You can read the story here: http://xbiz.com/news_piece.php?id=7500

We'll be posting factual updates throughout the day and as the story progresses.

That story says NOTHING about a $1,500,000 fine. Which is good, right? No news is good news.

SGS · 02-17-2005, 10:52 AM

This thread should be closed.

Jace · 02-17-2005, 10:55 AM

Quote:

Originally Posted by KRL

There is so much intentional mis-information on GFY these days its approaching the legal liability level for Lens.

I hope he starts waking up to this fact and starts taking the appropriate action and some responsibility for things posted on his board.

i doubt it, drama=money

Stephen · 02-17-2005, 10:59 AM

Quote:

Originally Posted by gyrostastegood

That story says NOTHING about a $1,500,000 fine.

Because there wasn't one. ANY news of 'shakeups' at a prominent billing company are bound to be exaggerated and rife with fear and speculation, as well as outright bullshit from those with their own agenda.

02-17-2005, 11:05 AM

Quote:

Originally Posted by JaceXXX

i doubt it, drama=money

= pageviews = more exposure for advertizers

Sly · 02-17-2005, 11:07 AM

Threads like this could cause serious health issues, and I'm not exaggerating.

Aly · 02-17-2005, 11:11 AM

This thread is absolute crap. Please stop fucking with people's sanity here.

SmokeyTheBear · 02-17-2005, 11:12 AM

Once its on page 10 then a mod will lock it

Rochard · 02-17-2005, 11:29 AM

Posts like thsi should lead to lawsuits. When threads like this other companies drop everything, have meetings, and in some cases make changes. Imagine if Paycom lost $30k a day because a single company pulled their business from them because of a thread like this.

If Kimmy Kim is saying it's not true, I believe her. KK would never lie about such a thing.

SetTheWorldonFire · 02-17-2005, 11:33 AM

Quote:

Originally Posted by KRL

There is so much intentional mis-information on GFY these days its approaching the legal liability level for Lens.

I hope he starts waking up to this fact and starts taking the appropriate action and some responsibility for things posted on his board.

I read somewhere that a law has passed that board owners are not responsible for anything that sufers/webmasters post.

Just what I heard.

02-17-2005, 09:42 AM	#1
gyrostastegood Confirmed User Join Date: Nov 2004 Posts: 112	WTF!! Paycom has lost its merchant bank?!?! ANOTHER iBILL!? Uhhhh, I've received a number of calls this morning telling me this. Is this true?! Can anyone confirm? ALSO, the CEO, Mallik, has left the company and is running now? $1.5m has been fined to teh company and they have no more cash? Does that mean we do not get paid? Someone please tell me it isn't true. Or if it is, more details please! I have $2,000 bucks that is owed to me! Not a lot of money, but it is to me... __________________ I am studying for my PhD in Pornology

02-17-2005, 09:45 AM	#4
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	I've heard about the CEO leaving, haven't heard about it losing it's banking... Got a link or something? __________________ This is me on facebook This is me on twitter

02-17-2005, 09:45 AM	#5
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,465	you should refrain from posting idiotic info unless you know something threads like this just piss me off __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

02-17-2005, 09:49 AM	#7
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	i wonder if that's true who told you that, btw? __________________ I don't use ICQ anymore.

02-17-2005, 09:53 AM	#11
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,883	I hate threads like this that leave everyone hanging without any true facts presented. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

02-17-2005, 09:43 AM	#2
Jace FBOP Class Of 2013 Industry Role: Join Date: Jan 2004 Location: bumfuck, ky Posts: 35,562	oh wow...i hope this is just board crap and not for real...

02-17-2005, 09:44 AM	#3
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	if epoch doesnt have $1.5m to pay for a fine in this industry then nobody has.

02-17-2005, 09:47 AM	#6
Damian_Maxcash So Fucking Banned Join Date: Oct 2002 Location: MaxCash.com Posts: 12,745	Now this would be a major fuck up.... Lets hope its not true..........

02-17-2005, 09:51 AM	#8
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	a bird after reading the PR i can tell is bs.

02-17-2005, 09:52 AM	#9
cherrylula lol Industry Role: Join Date: Jan 2002 Posts: 15,969	666666

02-17-2005, 09:52 AM	#10
swedguy Confirmed User Industry Role: Join Date: Jan 2002 Posts: 7,981	Something tells me this is pure BS.

02-17-2005, 09:55 AM	#13
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	There is so much intentional mis-information on GFY these days its approaching the legal liability level for Lens. I hope he starts waking up to this fact and starts taking the appropriate action and some responsibility for things posted on his board. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

02-17-2005, 09:56 AM	#15
Tipsy Confirmed User Join Date: Jul 2001 Location: See sig Posts: 6,989	Time may prove me wrong but sounds like pure idiotic bullshit being so close to the news of Chris leaving. Simply people putting 2 + 2 together and making 50 __________________ Ignorance is never bliss.

02-17-2005, 09:56 AM	#16
vicki Confirmed User Industry Role: Join Date: Feb 2002 Location: Deep in the heart o' Texas Posts: 1,478	The CEO is gone but Paycom is in capable hands __________________ If at first you do succeed - try to hide your astonishment. HR merchant accounts from 3.45% solid biz since 98 victoriakozub AT gmail.com skype: victoria.kozub \| ICQ: 74296746

02-17-2005, 09:57 AM	#17
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	Oh for Gods sake. I have talked to Clay personally and they have not lost their merchant account, Mallick is not running anywhere, and I will go and ride my bike over to their offices to see if the repo man is there yet. What a stupid thread. Just because there is a change in management does not mean a company is going out of business.

02-17-2005, 09:57 AM	#18
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	sounds like someone just exaggerating the CEO leaving grossly

02-17-2005, 09:58 AM	#19
Eight Registered User Join Date: Feb 2005 Posts: 43	The sky is falling...:-(

02-17-2005, 09:58 AM	#20
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	why did Chris leave? I can imagine the paycheck at epoch was nice lol

02-17-2005, 10:00 AM	#21
MickeyG Confirmed User Join Date: May 2004 Location: South Florida Posts: 4,134	and another one bites the dust...

02-17-2005, 10:00 AM	#22
Rand Industry Vet Industry Role: Join Date: Jan 2002 Location: Santa Monica, CA Posts: 2,663	Paycom merchant processing remains in good standing and there have been no fines. These are nothing but rumors and are simply untrue. __________________ -- Rand Payment Industry - Communications - Quality Assurance

02-17-2005, 10:00 AM	#23
Jer God is Brazilian Join Date: Feb 2001 Location: Brazil Posts: 10,601	This thread should be closed.

02-17-2005, 10:07 AM	#26
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	All these threads where mis-information is being posted should be closed. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

02-17-2005, 10:09 AM	#28
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	KK I have a feeling the person that posted this isn't making this out of Chris leaving. I'm pretty sure they were called and told this. Somebody has it out for paycom and is telling people the sky is falling there.

02-17-2005, 10:10 AM	#29
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,292	if rand says its all good then its all good... i had great sex with him once and he did everything he said he would without complaint... good ppls ;-) __________________ Crypto HODLr Crypto mining Angel investor

02-17-2005, 10:11 AM	#30
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	This is from another GFY thread: Quote: Originally Posted by gyrostastegood I'm getting calls with news that: 1. Paycom has been fined $1.5m and slapped with a lawsuit (this is true) 2. Paycom has lost its merchant (is this true?) 3. paycom has no money to pay us this month (is this true too?) someone please verify! i'm getting hte jitters here because i have a couple grand with them... 1) False 2) Flase 3) False __________________ Rand at Epoch Epoch Transaction Services Paycom Billing Services ePassporte.com __________________

02-17-2005, 10:18 AM	#33
punker barbie Meow Meow!!! Industry Role: Join Date: Nov 2003 Location: San Diego, California Posts: 10,228	to the boys that sent me a text last night (you know who you are) OMG you were so freaking right!!!! ROFL! wink wink __________________ Chaturbate Affiliate Support: [email protected]

02-17-2005, 10:23 AM	#37
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Ok.. I'm wide awake now. __________________ [email protected]

02-17-2005, 10:35 AM	#39
gyrostastegood Confirmed User Join Date: Nov 2004 Posts: 112	My main question is, why would Chris Mallick leave as CEO? I'm pretty sure the $1.5m fine is true. Well, I guess we'll have to wait for the press release... __________________ I am studying for my PhD in Pornology

02-17-2005, 10:52 AM	#42
SGS Confirmed User Industry Role: Join Date: Dec 2002 Location: Mallorca - Nottingham Posts: 5,176	This thread should be closed. __________________ See sig...

02-17-2005, 11:07 AM	#46
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,337	Threads like this could cause serious health issues, and I'm not exaggerating. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

02-17-2005, 11:11 AM	#47
Aly President, ePufferProfits Industry Role: Join Date: Dec 2004 Location: Toronto, Canada Posts: 1,881	This thread is absolute crap. Please stop fucking with people's sanity here. __________________ . . Aly's ICQ: 51504163 . Aly's Email: [email protected]

02-17-2005, 11:12 AM	#48
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	Once its on page 10 then a mod will lock it __________________ hatisblack at yahoo.com

02-17-2005, 11:29 AM	#49
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,244	Posts like thsi should lead to lawsuits. When threads like this other companies drop everything, have meetings, and in some cases make changes. Imagine if Paycom lost $30k a day because a single company pulled their business from them because of a thread like this. If Kimmy Kim is saying it's not true, I believe her. KK would never lie about such a thing. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION