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Resumo da Biografia The account has been switched to U.S. Data Capture. Observers believe that the recent legal troubles of Dial Mattress proprietor Napoleon Barragan induced Nabanco to take steps to make sure its security. best futon mattress szdg

Nabanco, The big credit card processor, has fallen out of bed with Dial a Mattress Corp.. In a large way. Nabanco "behaved in ways that we normally associate with gangster films," the futon mattress merchant charged last week at severing its ties with the business.

At Problem is 75,000 which Daniel Flamberg, marketing director for Dial a Mattress, stated Nabanco"hijacked" from daily transactions,"like they expected that we'd have a high number of chargebacks, or we'd go bust, not pay them." In An unusually caustic press launch, Dial a Mattress also faulted Nabanco's consumer service, which it stated was"inferior."

Mark Pyke, manager of risk management for Jacksonville, Fla. based Nabanco, said the company acted in good faith in creating an escrow accounts for possible chargebacks and educated Dial a Mattress in writing of its actions. "It Is unfortunate that Dial a Mattress is leaving us, but Nabanco is within its rights to protect itself."

Eric Turille, senior vice president of First National Bank of Omaha, a top chip for telemarketers, stated it isn't unusual to request an escrow accounts as there are particular dangers related to telemarketers.

Mr. Flamberg explained that Dial a Mattress was never advised of Nabanco's action and that his firm has a"sterling track record" with"very low chargebacks." Mr. Flamberg complained that Nabanco also required reserves of the company's franchisees, which,"you may imagine, made them feel real warm and fuzzy toward us."

Mr. Pyke said that"as a regular course of business we monitor our account, and we believed it was proper to establish an account." Dial A Mattress stated its sales volume increased to $65 million in 1994, 60 percent higher than the previous year. Ninety percent of those sales are paid by charge card.

New York based U.S. Data Capture Inc., a four year old company specializing In telemarketing and mail order firms, will be the beneficiary of the spat, handling transaction processing for the round the clock retailer.
Lately, Telemarketing was in the information for shady practices and customer rip offs, and Dial a Mattress's owner, Napoleon Barragan, has been making headlines for his own. Convicted Of tax fraud in late 1994, he agreed to pay $1 million to New York State. Serving a 1 year work release jail sentence, he remains at the company.

Although Mr. Pyke would not comment on the problem, Mr. Flamberg supposes Nabanco is reacting to that situation, that has raised questions about the future of this powerful New York based company.

"When We are riding high, they are very pleased to take their fee. Well, the days are long gone when banks can tell you to roll over and cluck like a chicken."

Dean Leavitt, president of U.S. Data Capture, stated his company will now deal with all processing, deposit funds via the Federal Reserve, and provide customer services.

"Any issues we had seeing (Dial a Mattress) were addressed entirely and to our comfort level," he said. Mr. Leavitt would not be specific but stated the"boutique" chip Handles thousands and thousands of transactions per month, worth hundreds of Millions in dollar volume. best futon mattress reviews on top

He said that in terms of consideration size Dial a Mattress ranked in U.S. Data's top 50.