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Old 10-28-2014, 03:19 AM  
H-Tom
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And here is something about Pipeline Data Files:

"Pipeline Data Files for Bankruptcy Protection in Delaware

Pipeline Data Inc. (PPDA), a provider of payment-processing services for merchants, filed for bankruptcy protection in Delaware and plans to sell its assets.

The company listed assets of less than $10 million and debt of more than $50 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Ten affiliates also sought court protection.

Pipeline Data, through its subsidiaries, provides payment- processing services to small and midsize retailers that operate in physical ?brick-and-mortar? stores or over the Internet, according to its website. The Alpharetta, Georgia-based company provides services to about 15,000 merchants, according to court documents.

The company was hurt by merchant closures and a lack of new clients to make up the difference and was unable to ?acquire merchant portfolios and sales channels on terms that would improve its financial condition,? according to court filings..."

http://www.bloomberg.com/news/2012-1...-delaware.html
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