:: A Message from Epoch / Paycom
 

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 for the info, too many rumors going around here now

LOL, I looked to see if the repo man was at the office when I rode by. Since I didn't see him there, I figured things were fine.

Thanks for clarifying things Rand.

:thumbsup

Thanks for the update Rand!

now haters.. go play in the corner..

Always good to get rumours squashed

way to clear the air rand :thumbsup

now everyone see my sig for some sponsors still happily processing with paycom. :winkwink:

thans for the info Rand

Keep on keepin on

Thanks, Rand. The drama was of course inevitable, but hopefully everyone will think for 2 seconds and then chill the fuck out and get back to work! ;)

sig spot.... since I don't know what to believe anymore....

Good to hear Rand. Agreed there are too many clowns on GFY posting stuff that is totally incorrect.

Alot of things being buzzed around. Thanks for the info.

Thanks for the update Rand! Epoch is a great company, it's too bad that some folks will seize any opportunity to cause havoc and rumors...

i sure hope you didn't have to pay for this sticky thread!

So it's not true that Epoch was indicted in the Michael Jackson scandal?

Good to hear. ;)

not that it should shock you that people talk just to hear themselves talk. without the ability to false gossip, the lot of these people would truly have no life.


thanks for the clarification rand.

Thanks for the post Rand.....I couldnt agree with you more on the fact that this happens everyday in business....

Thanks for the update!

Thanks for the update Rand.

Rand for Prez!

OMG..that is funny...and sad.

Thanks for clearing that up, panic started to drift into my bones...now its all good!

Nicely written Rand-
There is no spin here folks-

Turnover is a part of the game...
Epoch is and has always been a pioneer and leader in the CC processing biz and one departure of an individual doesn't change that.

this is toooo funny

Good to hear. Thanks for squashing the rumors!

Good post - Thanks Rand :)

good to hear

Rand, I caught you a delicious bass.

:1orglaugh




But seriously, good update.

:thumbsup

that's what I like to see, Rand always on top of his game.
thanks for the update-

Dam.

And I thought I was going to retire.

Back to work.

Rand, this might be in bad taste but can I apply for the CEO job now? ;)

DH

Good pinned post. People love to BS, this cuts through it.

Rand and Epoch are stand up and righteous. If Rand says, it, I believe it.

I am confident that Paycom / Epochsystems are as strong as they can be. My confidence in them has not waivered a bit due to this "change in pace".

I wish both parties all the best.

Sincerely,
Oystein

If epoch ain't strong and liquid nobody in this industry is.

always good to clear things up!

thanks rand for the update!

I hope this is not spin!

If there is a problem you would be better off being honest with everyone now! instead of it all coming out a week or so from now:2 cents:

Keep in mind you can be held liable for the statements made above.

rumor is kimmykim has dumped mallick and is going after the other ceo's and turning them into crazy party animals as well!!

Dam At least now I know that my $14.76 in my epassporte account is good. I can eat this week

:1orglaugh :1orglaugh :1orglaugh

Glad to hear that :P keep up the good work .

btw could you have somebody hit me up about setting up processing ? 23606902

Great detailed clarification Rand. Things happen for a reason. I wish all parties the best.

Thanks Rand. If there's anything AVN Online can do for you or anyone there, please don't hesitate to contact us.

I stopped listening to the rumors a long time ago.

thanks for the heads up so there would be no confusion! the right way to do it for a stand up company like Paycom =)

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.

I wish nothing but the best for both Chris and Epoch.

Kudos Rand.

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

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..