Visa M/C problems Guess who! - GoFuckYourself.com

President · 08-16-2005, 08:28 AM

Okay, who can guess who BLANK is?

"BLANK said it was negotiating with a third party to process its Visa/Mastercard charges. Its current contract expires Aug. 29, and the prospective processor is asking that BLANK deposit a "significant cash reserve" once the new contract begins.

But BLANK added it might not find a new processor. "

Just amazing how much power credit card companies have

JD · 08-16-2005, 08:28 AM

iBill?...........

Theo · 08-16-2005, 08:31 AM

that's easy

it's BLANK

BVF · 08-16-2005, 08:33 AM

Delta Airlines....come on man...others watch cnn besides you.

President · 08-16-2005, 08:36 AM

Quote:

Originally Posted by BVF

Delta Airlines....come on man...others watch cnn besides you.

Wow you are an informed GFY'er

For the record many GFY get their news right here at GFY

President · 08-16-2005, 08:38 AM

I wonder how many charge backs Delta has that they would have this sort of problem. I never considered doing a charge back for my airline tickets

justsexxx · 08-16-2005, 08:38 AM

August 9, 2005
Delta Air Lines, struggling to avoid Chapter 11, said on Tuesday it was trying to reduce the amount of money it needs to pay up front to secure a new credit card processor.

Delta told the US Securities and Exchange Commission it would delay a routine quarterly filing while it explored options to the full cash requirement, but noted it might not be successful.

"There can be no assurance whether or when it can implement any such alternative," the airline said.

Delta said it was negotiating with a third party to process its Visa/Mastercard charges, which is necessary to operate. The current contract expires on August 29.

The prospective processor is requiring that Delta deposit "a significant cash reserve" once the new contract begins, the airline said.

Delta would not identify the potential processor, its upfront cash demand or how much the carrier wants to shave from that requirement.

Separately, Merrill Lynch said in a research note on Tuesday that soaring oil prices could trigger a Delta bankruptcy filing in the next two months. Merrill cut its rating on Delta shares to "sell" from "neutral."

The airline has been battered, along with the rest of the industry, by skyrocketing oil prices, which set a record high of USD$64.27 per barrel on Tuesday.

Delta shares were also pressured by Monday's news that Todd Helvie, the airline's treasurer, has left the company a year after being promoted to the job.

(Reuters)

directfiesta · 08-16-2005, 08:38 AM

Quote:

Originally Posted by BVF

Delta Airlines....come on man...others watch cnn besides you.

What's CNN ????

OldSchoolJim · 08-16-2005, 08:40 AM

Yo Pres.....HOLLER at me on icq if you get a chance!!!

justsexxx · 08-16-2005, 08:41 AM

Quote:

Originally Posted by directfiesta

What's CNN ????

The national station of Bush

President · 08-16-2005, 08:45 AM

Quote:

Originally Posted by 2getit

Yo Pres.....HOLLER at me on icq if you get a chance!!!

Give me a few and I'll HOLLER at ya

crockett · 08-16-2005, 08:49 AM

Damn this is why I'm aginst credit cards.. I think they are trying to push plastic money on us, by way of debit cards and so on. Which I'm cool with but I think it should be issued by the govt and not some 3rd party.

Just like dollars are issued by the govt, so should plastic money. It gives 3rd party companies way too much power.

VirtuMike · 08-16-2005, 08:56 AM

It isn't that it gives third party companies too much power - there are not enough of them, and they are violating all kinds of laws.

Michael O · 08-16-2005, 09:01 AM

Quote:

Originally Posted by justsexxx

The national station of Bush

No that would be foxnews

08-16-2005, 08:28 AM	#1
President Confirmed User Join Date: Dec 2002 Location: Honduras Posts: 383	Visa M/C problems Guess who! Okay, who can guess who BLANK is? "BLANK said it was negotiating with a third party to process its Visa/Mastercard charges. Its current contract expires Aug. 29, and the prospective processor is asking that BLANK deposit a "significant cash reserve" once the new contract begins. But BLANK added it might not find a new processor. " Just amazing how much power credit card companies have __________________

08-16-2005, 08:33 AM	#4
BVF Black Vagina Finder Join Date: Jan 2002 Location: The Midwest Posts: 13,975	Delta Airlines....come on man...others watch cnn besides you. __________________ Black Pussy Click On Mr Cosby..CCbill, 60/40, 136 FHG's....The Cos Loves Black Ghetto Pussy!!

08-16-2005, 08:38 AM	#6
President Confirmed User Join Date: Dec 2002 Location: Honduras Posts: 383	I wonder how many charge backs Delta has that they would have this sort of problem. I never considered doing a charge back for my airline tickets __________________

08-16-2005, 08:38 AM	#7
justsexxx Too lazy to set a custom title Join Date: Aug 2001 Location: The Netherlands Posts: 13,723	August 9, 2005 Delta Air Lines, struggling to avoid Chapter 11, said on Tuesday it was trying to reduce the amount of money it needs to pay up front to secure a new credit card processor. Delta told the US Securities and Exchange Commission it would delay a routine quarterly filing while it explored options to the full cash requirement, but noted it might not be successful. "There can be no assurance whether or when it can implement any such alternative," the airline said. Delta said it was negotiating with a third party to process its Visa/Mastercard charges, which is necessary to operate. The current contract expires on August 29. The prospective processor is requiring that Delta deposit "a significant cash reserve" once the new contract begins, the airline said. Delta would not identify the potential processor, its upfront cash demand or how much the carrier wants to shave from that requirement. Separately, Merrill Lynch said in a research note on Tuesday that soaring oil prices could trigger a Delta bankruptcy filing in the next two months. Merrill cut its rating on Delta shares to "sell" from "neutral." The airline has been battered, along with the rest of the industry, by skyrocketing oil prices, which set a record high of USD$64.27 per barrel on Tuesday. Delta shares were also pressured by Monday's news that Todd Helvie, the airline's treasurer, has left the company a year after being promoted to the job. (Reuters) __________________ Questions? ICQ: 125184542

08-16-2005, 08:49 AM	#12
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Damn this is why I'm aginst credit cards.. I think they are trying to push plastic money on us, by way of debit cards and so on. Which I'm cool with but I think it should be issued by the govt and not some 3rd party. Just like dollars are issued by the govt, so should plastic money. It gives 3rd party companies way too much power. __________________ In November, you can vote for America's next president or its first dictator.

08-16-2005, 08:28 AM	#2
JD Too lazy to set a custom title Industry Role: Join Date: Sep 2003 Posts: 22,651	iBill?...........

08-16-2005, 08:31 AM	#3
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	that's easy it's BLANK

08-16-2005, 08:40 AM	#9
OldSchoolJim Confirmed User Join Date: Nov 2004 Posts: 3,117	Yo Pres.....HOLLER at me on icq if you get a chance!!!

08-16-2005, 08:56 AM	#13
VirtuMike Confirmed User Join Date: May 2002 Location: Seat 1A Posts: 2,483	It isn't that it gives third party companies too much power - there are not enough of them, and they are violating all kinds of laws. __________________ Host it in AMSTERDAM at EUROTIVITY! - We also offer BACKUP SERVICES! XYZZY4L