Elavon Aka Nova Information Systems First Horizon Attempted to charge $1300 for estimated liquidated damages, money they thought they would earn over the next 8 months. Knoxville, Tennessee

Did you have a contract with First Horizon? They have owned First Horizon for years as Nova Information Systems. They are also known as Member Services. They just recently (past two years) change the name to Elavon. I would ask they produce your contract. If they can't, seek legal advise.

I did request a copy of the contract. They sent me 3 pages of the original contract with First Horizon, but nothing signed with Elavon. They told me that when Elavon bought First Horizon they purchased their customers and their contracts. The First Horizon contract stated in fine print that after the initial two year period, the contract would automatically renew annually. This is what they are basing their claim on. My original contract was signed during the month of July, I ended service after the month of October when I purchased a new computer with processing built into the software. Their claim is the loss of anticipated revenue for the next 8 months of my business. Well, my business may not be what they anticipated for the next 8 months. It wasn't what it was 3 years ago, does that mean I have the right to go banging on the doors of my former customers demanding what I anticipated they would spend at my store.  Elavon should have presented contracts to be signed on the anniversary dates of those customers whose signatures only appear on First Horizon documents, otherwise, what they are suggesting is illegal.