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. " :disgust

Just amazing how much power credit card companies have :(

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

that's easy

it's BLANK

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

Wow you are an informed GFY'er :thumbsup

For the record many GFY get their news right here at GFY :321GFY

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 :(

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)

What's CNN ????

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

The national station of Bush

:1orglaugh

Give me a few and I'll HOLLER at ya :1orglaugh

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.

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.

No that would be foxnews