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The article said that Cachet is covering the transactions, even though they haven't been paid. The companies will have to find a new payroll provider before the
by kaikai 7y ago
The article said that Cachet is covering the transactions, even though they haven't been paid. The companies will have to find a new payroll provider before their next payroll, but not have to come up with the extra cash.
- londons_explore 7y agoIf I were Cachet's shareholders, I wouldn't be happy about that...
- notfoss 7y agoIf I was one of their shareholders, I would be happy instead, as they seem to have come out as the real good guys in the whole story (unless they were legally obligated for covering the mess).
- philpem 7y agoIf they begin to offer payroll services directly to some of the affected companies, I imagine the shareholders would be quite happy. They might be out the money until the insurance pays up, but ongoing fees and goodwill could well cover that inside of a year or two.