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After reading the lawsuit, a few interesting tidbits:
Mastercard apparently is trying to put Paycom out of business. Mastercard refuses to meet or even discuss these issues with Paycom --- only with their bank.
Apparently Paycom's bank reported a higher chargeback ratio to Mastercard which, Paycom says, was reported in error? Seems like that kicked off a series of never ending fines and penalties.
Mastercard now says Paycom has to host and operate all of the websites that they process for.
This is really interesting to me because when my husband got into the interent biz years ago, there was much debate about whether third party processing was allowed since third party processors were not the actual operating merchants.
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