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Old 02-17-2005, 11:50 AM   #1
Rand
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:: A Message from Epoch / Paycom

OK guys. Chill. This industry is on pins and needles all the damn time. Granted, in many ways I can understand why. But Epoch's recent management changes do not signal the end of anything.

Officially, all that has happened, and I do mean ALL that has happened, is that Chris Mallick has departed as CEO of Paycom. The two guys who've been at Epoch from day one, Clay Andrews and Joel Hall, are still here doing what they've always done. They are looking out for their business and their clients with a long-term objective on all matters. As many of you know, Epoch has always taken on the role of fighting for the longevity of this industry. Those same guiding principals are still in place.

Sometimes a change in management is what is necessary for a company to grow.

For the record....

1) Epoch has not incurred any fines.
2) Epoch's merchant banking relationships are excellent.
3) Epoch's day-to-day operations remain unchanged.
4) Epoch's plans to expand services in the EU remain unchanged.
5) Epoch has not increased scrubbing.
6) Epoch's portfolio is strong and within all card association rules.
7) Epoch is fully committed to long term objectives.

Those people who feel the need to start rumors of any nature in regard to Epoch or its operations are not doing anyone any favors. The relationships of this industry are important and "Chicken Little's" need to get checked. I can say without any hesitation that everything at Epoch is fine. Any rumor serves some ulterior motive. If anything said anywhere does not agree with the points I made above, it is simply false. End of story.

Really guys, this is a management decision. It happens every day in business. It's nothing more. Business as usual.
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Old 02-17-2005, 11:52 AM   #2
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thanks for the info, too many rumors going around here now
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Old 02-17-2005, 11:53 AM   #3
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LOL, I looked to see if the repo man was at the office when I rode by. Since I didn't see him there, I figured things were fine.

Thanks for clarifying things Rand.
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Old 02-17-2005, 11:53 AM   #4
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Old 02-17-2005, 11:53 AM   #5
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Thanks for the update Rand!

now haters.. go play in the corner..
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Old 02-17-2005, 11:53 AM   #6
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Always good to get rumours squashed
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Old 02-17-2005, 11:54 AM   #7
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way to clear the air rand

now everyone see my sig for some sponsors still happily processing with paycom.
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Old 02-17-2005, 11:54 AM   #8
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thans for the info Rand

Keep on keepin on
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Old 02-17-2005, 11:55 AM   #9
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Thanks, Rand. The drama was of course inevitable, but hopefully everyone will think for 2 seconds and then chill the fuck out and get back to work! ;)
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Old 02-17-2005, 11:55 AM   #10
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sig spot.... since I don't know what to believe anymore....
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Old 02-17-2005, 11:55 AM   #11
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Good to hear Rand. Agreed there are too many clowns on GFY posting stuff that is totally incorrect.
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Old 02-17-2005, 11:57 AM   #12
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Alot of things being buzzed around. Thanks for the info.
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Old 02-17-2005, 11:57 AM   #13
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Originally Posted by Manowar
Always good to get rumours squashed
Thanks for the update Rand! Epoch is a great company, it's too bad that some folks will seize any opportunity to cause havoc and rumors...
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Old 02-17-2005, 11:57 AM   #14
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Old 02-17-2005, 11:58 AM   #15
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So it's not true that Epoch was indicted in the Michael Jackson scandal?

Good to hear. ;)
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Old 02-17-2005, 11:59 AM   #16
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Quote:
Originally Posted by KRL
Good to hear Rand. Agreed there are too many clowns on GFY posting stuff that is totally incorrect.


not that it should shock you that people talk just to hear themselves talk. without the ability to false gossip, the lot of these people would truly have no life.


thanks for the clarification rand.
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Old 02-17-2005, 11:59 AM   #17
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Quote:
Originally Posted by Rand
OK guys. Chill. This industry is on pins and needles all the damn time. Granted, in many ways I can understand why. But Epoch's recent management changes do not signal the end of anything.

Officially, all that has happened, and I do mean ALL that has happened, is that Chris Mallick has departed as CEO of Paycom. The two guys who've been at Epoch from day one, Clay Andrews and Joel Hall, are still here doing what they've always done. They are looking out for their business and their clients with a long-term objective on all matters. As many of you know, Epoch has always taken on the role of fighting for the longevity of this industry. Those same guiding principals are still in place.

Sometimes a change in management is what is necessary for a company to grow.

For the record....

1) Epoch has not incurred any fines.
2) Epoch's merchant banking relationships are excellent.
3) Epoch's day-to-day operations remain unchanged.
4) Epoch's plans to expand services in the EU remain unchanged.
5) Epoch has not increased scrubbing.
6) Epoch's portfolio is strong and within all card association rules.
7) Epoch is fully committed to long term objectives.

Those people who feel the need to start rumors of any nature in regard to Epoch or its operations are not doing anyone any favors. The relationships of this industry are important and "Chicken Little's" need to get checked. I can say without any hesitation that everything at Epoch is fine. Any rumor serves some ulterior motive. If anything said anywhere does not agree with the points I made above, it is simply false. End of story.

Really guys, this is a management decision. It happens every day in business. It's nothing more. Business as usual.
Thanks for the post Rand.....I couldnt agree with you more on the fact that this happens everyday in business....
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Old 02-17-2005, 12:00 PM   #18
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Thanks for the update!
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Old 02-17-2005, 12:00 PM   #19
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Thanks for the update Rand.
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Old 02-17-2005, 12:03 PM   #20
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Rand for Prez!
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Old 02-17-2005, 12:07 PM   #21
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Quote:
Originally Posted by Pornwolf
So it's not true that Epoch was indicted in the Michael Jackson scandal?

Good to hear. ;)

OMG..that is funny...and sad.

Thanks for clearing that up, panic started to drift into my bones...now its all good!
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Old 02-17-2005, 12:11 PM   #22
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Nicely written Rand-
There is no spin here folks-

Turnover is a part of the game...
Epoch is and has always been a pioneer and leader in the CC processing biz and one departure of an individual doesn't change that.
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Old 02-17-2005, 12:12 PM   #23
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this is toooo funny
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Old 02-17-2005, 12:12 PM   #24
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Good to hear. Thanks for squashing the rumors!
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Old 02-17-2005, 12:17 PM   #25
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Good post - Thanks Rand
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Old 02-17-2005, 12:17 PM   #26
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good to hear
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Old 02-17-2005, 12:20 PM   #27
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Rand, I caught you a delicious bass.






But seriously, good update.

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Old 02-17-2005, 12:23 PM   #28
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that's what I like to see, Rand always on top of his game.
thanks for the update-
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Old 02-17-2005, 12:27 PM   #29
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Dam.

And I thought I was going to retire.

Back to work.
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Old 02-17-2005, 12:30 PM   #30
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Rand, this might be in bad taste but can I apply for the CEO job now? ;)

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Old 02-17-2005, 12:31 PM   #31
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Good pinned post. People love to BS, this cuts through it.
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Old 02-17-2005, 12:32 PM   #32
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Rand and Epoch are stand up and righteous. If Rand says, it, I believe it.
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Old 02-17-2005, 12:33 PM   #33
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I am confident that Paycom / Epochsystems are as strong as they can be. My confidence in them has not waivered a bit due to this "change in pace".

I wish both parties all the best.

Sincerely,
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Old 02-17-2005, 12:37 PM   #34
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Old 02-17-2005, 12:38 PM   #35
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always good to clear things up!
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Old 02-17-2005, 12:41 PM   #36
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thanks rand for the update!
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Old 02-17-2005, 12:42 PM   #37
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I hope this is not spin!

If there is a problem you would be better off being honest with everyone now! instead of it all coming out a week or so from now

Keep in mind you can be held liable for the statements made above.
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Old 02-17-2005, 12:48 PM   #38
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rumor is kimmykim has dumped mallick and is going after the other ceo's and turning them into crazy party animals as well!!
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Old 02-17-2005, 12:50 PM   #39
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Old 02-17-2005, 12:57 PM   #40
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Glad to hear that :P keep up the good work .

btw could you have somebody hit me up about setting up processing ? 23606902
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Old 02-17-2005, 01:06 PM   #41
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Great detailed clarification Rand. Things happen for a reason. I wish all parties the best.
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Old 02-17-2005, 01:14 PM   #42
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Thanks Rand. If there's anything AVN Online can do for you or anyone there, please don't hesitate to contact us.
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Old 02-17-2005, 01:18 PM   #43
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I stopped listening to the rumors a long time ago.
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Old 02-17-2005, 01:24 PM   #44
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thanks for the heads up so there would be no confusion! the right way to do it for a stand up company like Paycom =)
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Old 02-17-2005, 01:28 PM   #45
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Umm, this makes me breathe a little easier now but ummm didnt we hear the same spin from ibill, dont worry guys everything is fine, we are strong we are liquid everyone will get thier payouts.
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Old 02-17-2005, 01:49 PM   #46
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Old 02-17-2005, 01:54 PM   #47
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Kudos Rand.
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Old 02-17-2005, 02:04 PM   #48
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Quote:
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5) Epoch has not increased scrubbing.
Am I to understand that you'll keep scrubbing at present levels?
Good to know ;)
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Old 02-17-2005, 02:06 PM   #49
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Why wasnt the press release done earlier? Surely if it was planned in advance there would have been a stategy to deal with his departure. It looks to me like "lets wait until it hits GFY".... then go into damage control..
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Old 02-17-2005, 02:10 PM   #50
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Any news about epochEU?
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