Quote:
Originally posted by Shoplifter
Here is my take on this after reading through some of the filing..
Paycom has no real choice but to fight it in court as a tactical measure to contest some pretty heavy fines and restrictions on their business.
MC looks like they are telling Paycom to restructure their business to the extent that it probably precludes adult high risk transactions. As well that 1.5 million cash fine is pretty stiff. I have no idea about Paycom's financials but it could conceivably push them into a WSB style catchup payout situation which would be the kiss of death.
Possibly as long as the suit is before the courts this can all be delayed.
I am in no way being negative about Paycom here, I hope they get us all a tiny bit of payback. Just my addled take on things.
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Payments will not be delayed or restructured. The fine money was taken. The "rules" apply to all high risk merchants, so the restructure is for everyone.
Paycom / EPOCH is fighting to stop future fines, etc...