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As a result, the company was ordered to pay restitution of more than million and to forfeit assets totaling over million.
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In July 2006, Marc Gardner was scheduled to be deposed in the case, but Marc Gardner’s counsel terminated his deposition immediately after he was sworn in.
Unfortunately, we are unable to locate any third-party sources or legal documents that explain how this suit was ultimately resolved.
In particular, the company appears to function as a “hiring mill” that relies heavily upon recruiting independent agents and resellers.
This marketing practice often results in problems for merchants and damage to a provider’s reputation because the sales practices of resellers are hard to control.
In May 2017, North American Bancard acquired Total Merchant Services for an undisclosed sum.
North American Bancard is sponsored by The Bancorp Bank, Philadelphia, Pennsylvania, and by Wells Fargo Bank, N.
However, the parties were known to have reached a settlement amount in April 2006. If you have any knowledge of how this case was resolved, please share that information in the comment section below this review.
Key Points North American Bancard’s most frequently cited drawback seems to be its marketing practices.
North American Bancard’s standard contract (available below) has a service agreement of 36 months with what appears to be a Liquidated Damages Early Termination Fee (ETF) that is automatically debited from a merchant’s checking account upon cancellation of service.Tags: Adult Dating, affair dating, sex dating