Sam Chanin, BPS, TIBUL,BUSINESS PAYMENT SYSTEMS ACH Theft from Merchant Customer checking accounts New York, New York

This first business day of January, 2010 brought surprise to many, many merchant customers of Tribul when they discovered that Tribul stole $198 from their checking account via ACH.  These funds were stolen without any notice or warning.  The ACH was defined as an "annual fee".  Several of my customers were victims of this disgusting bunch of thieves.  It was a money grab that occurred with the assistance of Cynergydata.  Cynergydata was the processor that agreed to the unauthorized theft.

The credit card industry is bloated with companies and reps that misrepresent and mislead merchants.  But to try to pull a fast one like Sam and Rick did is despicable.  Anyone that knows of a merchant that is processing with Tribul Merchant Services must have them check with their customers to see if they also had funds stolen.  I am aware of many reps around the US that have reported this same action taken against their customers.

I am appealing to all sales reps who have sold through Tribul or who know someone who has or is aware of a Tribul customer to please have them check their January statement.  It is up to the 'feet on the street' to protect our current and future customers from these leaches.

If there is an attorney in NY that is looking for a great class action suit, this is it.  Interstate, unauthorized removal of funds from unknowning 100s or 1,000s of merchants.  Add to that the problems some merchants incurred when the ACH'd amount created an overdraft and the fees and embarrassment that goes with it.  Some single moms and struggling small business owners having funds stolen by greedy credit card processors.  How low life can you get.