tag:blogger.com,1999:blog-8661737.post169977626494843758..comments2023-09-25T06:47:42.119-05:00Comments on Worcester Blog: Question for SteveBill Randellhttp://www.blogger.com/profile/12621739944440784768noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8661737.post-79415133058108752532012-05-06T10:43:56.131-05:002012-05-06T10:43:56.131-05:00This is news? Ya, OK I guess it is news that ri...This is news? Ya, OK I guess it is news that rises to the level of being Saturday front page material.<br /><br /> Once again I reiterate, the City Of Worc's finances and inablity to meet pension, health ins, and other prospective claims pales in comparison to this penny ante, chump change pre-paid travel agency scam.<br /><br /> Where's the parity in teh news coverage? Half a Jahnnoreply@blogger.comtag:blogger.com,1999:blog-8661737.post-27190027752549787932012-05-04T14:52:26.674-05:002012-05-04T14:52:26.674-05:00The new filing contains a list of consumer credito...The new filing contains a list of consumer creditors. The list is over 3200 pages!!!Steve Foleynoreply@blogger.comtag:blogger.com,1999:blog-8661737.post-10822893517878332252012-05-04T11:57:54.519-05:002012-05-04T11:57:54.519-05:00Just went online today 5/4/12 T&G online @ 12:...Just went online today 5/4/12 T&G online @ 12:55pm and in a story publised 8 minutes ago story about Direct Air owing millions but only having roughly $232,000 in assets.<br /><br />Good concise story. May answer some questions here.<br /><br />JohnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8661737.post-33140633806831004342012-05-03T14:42:16.633-05:002012-05-03T14:42:16.633-05:00great inputgreat inputBill Randellhttps://www.blogger.com/profile/12621739944440784768noreply@blogger.comtag:blogger.com,1999:blog-8661737.post-7675169408512200342012-05-03T14:40:29.889-05:002012-05-03T14:40:29.889-05:00When I opened a merchant account with W.C.I.S, I h...When I opened a merchant account with W.C.I.S, I had to fill out an application. Mechanics bank would not give me one because I didn't have three years of financial history for the business.<br /><br />W.C.I.S. gave me one because I owned a home and was unlikely to abscond with their money.<br /><br />If a new business were to suddenly deposit 500 $1000 transactions, I suspect the bank would Steve Foleynoreply@blogger.comtag:blogger.com,1999:blog-8661737.post-53385256552142510362012-05-03T14:40:25.371-05:002012-05-03T14:40:25.371-05:00It is done all the time, Bill. But when you get c...It is done all the time, Bill. But when you get caught you'll catch a federal fraud charge as you just outlined your hypothetical scheme on the internet. <br /><br />In the case of a legitimate business its written off as a loss and the world goes on. We're not all paying these insane transaction fees because its a cost of doing business, but as a form of private insurance as Steve Brendan Melicanhttps://www.blogger.com/profile/04157104291619996657noreply@blogger.comtag:blogger.com,1999:blog-8661737.post-54384891912819468552012-05-03T14:33:05.636-05:002012-05-03T14:33:05.636-05:00Steve
My point is that if what you are saying is ...Steve<br /><br />My point is that if what you are saying is true this would be getting done all the time.<br /><br /><br />BillBill Randellhttps://www.blogger.com/profile/12621739944440784768noreply@blogger.comtag:blogger.com,1999:blog-8661737.post-59298063887155966312012-05-03T14:30:46.261-05:002012-05-03T14:30:46.261-05:00You'll need to find someone else. I'm not ...You'll need to find someone else. I'm not interested in committing fraud.Steve Foleynoreply@blogger.comtag:blogger.com,1999:blog-8661737.post-4489370865454608712012-05-03T14:17:51.499-05:002012-05-03T14:17:51.499-05:00So you are saying that we could do this??So you are saying that we could do this??Bill Randellhttps://www.blogger.com/profile/12621739944440784768noreply@blogger.comtag:blogger.com,1999:blog-8661737.post-16898176393918872382012-05-03T14:03:42.215-05:002012-05-03T14:03:42.215-05:00The credit card companies (the processor and the i...The credit card companies (the processor and the issuers) end up holding the bag.<br /><br />Now, it's unfortunate Jetpay opened themselves up to so much exposure without properly insuring against the potential loss, but that's what they're in business for. The same goes for BOA, Citi, Chase, and the rest of the issuers.<br /><br />The customers get the refunds from the issuer (BOA,Steve Foleynoreply@blogger.com