Well...the true word on the street is that ODC now does over 50% of their business direct (this is also backed up in their securitization prospectus). They are moving to do away with ISO's entirely. As a first blow, they are contacting a chuck of ISO's and offering ultimatum. Take a drastic cut in commissions or no more new deals. those who have no other options or power, take the bait.

I got two prequal offers for On Deck funding already for my Quickbooks accounts.