The thing that is most interesting to me at the moment is what happens when ibill converts 15+ million in payables to promissary notes. Does that then allow them to move them off the balance sheet and either meet First Data's financial litmus test and allow release of the funds,
I am questioning this part. surely the ONLY possible reason for first data to hold funds, is against massive chargebacks. if this is so its probally going to be for a set amount of time ( 6-12 months) and nothing ibill can do or say will change that. As First dada has killed the relationship they know they wont be getting in any more income from ibill so all they have to guard against chargebacks is the money on hand.