Quote Originally Posted by Scott Williams View Post
I guess you are right. It wouldn't surprise me. If ISOs call merchants pretending to be the current funder on the UCC and tick them into signing new contracts.....then this wouldn't be that different.
during the financial crisis, UCC hunters were calling and saying:

"your current company [went out of business] [is shutting down][is not funding anymore][wishes they never got involved in this stupid industry] and we're in charge of your account going forward."

With so many ISOs and funders closing their doors or turning off funding, it was really easy for merchants to fall for. It was a feeding frenzy.