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-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   :: A Message from Epoch / Paycom (https://gfy.com/showthread.php?t=433105)

The Adult Broker 02-17-2005 01:06 PM
Great detailed clarification Rand. Things happen for a reason. I wish all parties the best.

Farley 02-17-2005 01:14 PM
Thanks Rand. If there's anything AVN Online can do for you or anyone there, please don't hesitate to contact us.

pornguy 02-17-2005 01:18 PM
I stopped listening to the rumors a long time ago.

Nima 02-17-2005 01:24 PM
thanks for the heads up so there would be no confusion! the right way to do it for a stand up company like Paycom =)

Jimatcohf 02-17-2005 01:28 PM
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.

D-Money 02-17-2005 01:49 PM
I wish nothing but the best for both Chris and Epoch.

Poppy 02-17-2005 01:54 PM
Kudos Rand.

Antonio 02-17-2005 02:04 PM
Quote:
Originally Posted by Rand
5) Epoch has not increased scrubbing.
Am I to understand that you'll keep scrubbing at present levels?
Good to know ;)

the Shemp 02-17-2005 02:06 PM
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..

andrej_NDC 02-17-2005 02:10 PM
Any news about epochEU?

Dugan 02-17-2005 02:14 PM
Quote:
Originally Posted by Antonio
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?

jimmyf 02-17-2005 02:37 PM
well shit I guess no Paycom/Epoch drama.

I live for GFY drama.

Thanks Rand :thumbsup

BrainClaude 02-17-2005 02:41 PM
Nice to have some news...:)

Always have good services from you

Master_Yoba 02-17-2005 02:42 PM
maybe it?s not a good time to find a real alternative to CCBill..
However plz recommend me good guy from Paycom
I talked with somebody already but I have encountered the worst support service at that time.

Thanks

RogerV 02-17-2005 02:45 PM
It's just business

Antonio 02-17-2005 02:49 PM
Quote:
Originally Posted by TheNewKid
not sure whats so odd about that.....processors have to scrub fraud
care to fill me in?
brain fart, ignore ;)

Ray@TastyDollars 02-17-2005 03:01 PM
Quote:
Originally Posted by pornguy
I stopped listening to the rumors a long time ago.
the same rumors as with Ibill, WSB, Globill..etc? :Oh crap

For what its worth, i have faith in Epoch and cant wait for them to go EU.

Ray

JJSLIMM 02-17-2005 03:10 PM
Quote:
Originally Posted by RogerV
It's just business
what Roger said....

axelcat 02-17-2005 03:12 PM
good to hear

WWC 02-17-2005 03:25 PM
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

Damian_Maxcash 02-17-2005 03:30 PM
Quote:
Originally Posted by the Shemp
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..
I agree, its seems that way to me....

And as far as the "Everything is fine" quotes, how many times have we heard that?

I THINK it is OK with them, but I just be 100% sure and that makes nervous.

Rui 02-17-2005 03:36 PM
Good to know, I really do hope nothing bad happens to Paycom...the billing market is already limited as it is :(

V_RocKs 02-17-2005 03:38 PM
WOW... wow... WOW.. Wow... wooooooooooowwww... wow... hmmm... ughh.. Wow... wow.. ohhh shit.. wow... shit howdy... wowsers... wow.... wowwie... wohhh... damn.. wow... hmm... ok.. going to tell us why one of the most stable processors just had its CEO go bye-bye? WOW!
Fuck...
wow...
woohhhhhh shit....
wow...

Zester 02-17-2005 03:44 PM
these negative responses on these threads are just what kills a billing processor
ePoch are NOT iBill

andrej_NDC 02-17-2005 03:52 PM
Quote:
Originally Posted by Zester
these negative responses on these threads are just what kills a billing processor
ePoch are NOT iBill
yes, boards are the reason when a processor goes down :1orglaugh




cant wait for epochEU, btw...

dirtysecrets 02-17-2005 03:54 PM
Dirty Secrets
 
Dirty
1. Defiled with dirt; foul; nasty; filthy; not clean or pure;
serving to defile; as, dirty hands; dirty water; a dirty
white. --Spenser.
[1913 Webster]

Secret, a.]
1. Something studiously concealed; a thing kept from general
knowledge; what is not revealed, or not to be revealed.
[1913 Webster]


Everyone has their share of secrets and some may be dirty.... I think someone over at Paycom knows exactly what I mean.....!!!!

MarkTiarra 02-17-2005 04:36 PM
Good post. When we have an executive change we just whack a guy.

iBanker 02-17-2005 05:42 PM
Quote:
Originally Posted by AdultLoungeRaffi
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
My 2 cents...

I have dealt personally with 19 other public companies, and one thing is a constant with all of them.

"When management degrades or upgrades (and I'm not saying it has gone either way), the company goes with it."

I sold out major positions in companies I took public when key management left for whatever reason. From the looks of it though, Mr. Mallick remains a large shareholder...which also has meaning.

magicmike 02-17-2005 09:42 PM
Yeah... Mallick did a lot of good for the company, but lets hope this only helps us all for the best.

Raven 02-18-2005 11:10 AM
Klixxx has always been a great supporter of Epoch and has enjoyed a phenomenal relationship with them...

Not only that, but my own sites process with Epoch/Paycom...

While I understand that we, as site owners, respond with a knee jerk reaction when rumours of ANY kind emerge, it's important that we take a deep breath.....

Because of so many billing companies going down for one reason or another, we are sensitive to any air movement...whether true or not true.

As far as I'm concerned, as a site owner....if Rand says Epoch is okay....then it is. Period.

If Klixxx can do anything for you, Rand...let us know. We're there for you!

JFK 02-18-2005 02:26 PM
Quote:
Originally Posted by Rand
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.

Thanks Rand :thumbsup

txl 02-18-2005 02:35 PM
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.

gyrostastegood 02-18-2005 03:42 PM
Quote:
Originally Posted by Jimatcohf
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.
Yup, same spin from iBill. But these guys are suppose to be "different" and they are my processor, so they had better be different. :)

:thumbsup :thumbsup :thumbsup

fuelcell 02-18-2005 04:01 PM
Ridiculous that Paycom has to post an official thread responding to some jackass tool posting some rumors. Posting harmful rumors should be an automatic ban.

Kimmykim 02-18-2005 04:04 PM
Quote:
Originally Posted by txl
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.
Found? Confirmed? Did it ever occur to you that maybe both sides of the equation waited until they were ready to make an announcement? Maybe they made that announcement after they had called their larger clients tell them about the situation?

If it didn't, maybe it should have.


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