Posted by walthtz on 4/16/10 9:25am
Msg #331962

Just Rec'd the Folloing E-Mail from SecoLink

Dear Valued Vendor,

On March 31, 2010 an announcement was made that SecoLink Settlement Services will close on June 30, 2010. This is a strategic business decision based on current business volumes.



I want to assure you all that you will be paid promptly and fully for your services. SecoLink stands behind this statement. We understand that this news could make you hesitant about accepting future orders or concerned about getting paid for completed work. To reiterate, you will be paid for the services you render to SecoLink.

Over the next 30-45 days, our Accounting area will be aggressively looking to pay all vendors in full. If you have a dispute or concern about a particular order, this must be brought to our attention ASAP, but no later than June 15. After June 15, no further disputes will be addressed. Please email any disputes/concerns to [e-mail address].

Thank you for your support and partnership over the last 9 years.

Regards,
Mike Krupa
SecoLink Settlement Services
Director - Information Services Division

Reply by Joann Willis on 4/16/10 9:46am
Msg #331965

me too. . Sad since I get alot of work from them.

Reply by Jack/AL on 4/16/10 11:37am
Msg #331990

It's good to see someone who will step up and fess up, before closing up. Sorry for them, but I admire their openness.

Reply by tony1994CT on 4/16/10 10:33pm
Msg #332078

That is the same analogy as if the pilot of an Alitalia airplane,that lost all engines while in flight
were to say to the passengers:I'am sorry, the plane is about to crash, thank you for flying Alitalia airlines

Reply by Moneyman/TX on 4/27/10 2:55am
Msg #333675

Disagree, Would you rather the pilot not say anything

then you realize it when you decide to look out the window and see a cow at eye level out the window? At least this company has enough respect for their vendors to at least give them a heads up and appears to be proactive in terms of settling all outstanding bills due NSAs.

I have not worked for them, however, if they decide to reopen at a later date, I would sign up to be on their list without hesitation based on the respect they have shown to their NSAs alone.

Too many other SS companies do not show their vendors any amount of respect. They just close their doors without any real notice, if any at all, leaving NSAs holding a bag full of unpaid outstanding invoices. Or they drag on for months with cashflow issues paying 2 or 3 times the original agreed upon Net days and either are able to turn business around and survive or just close up.