Our small business signed up with a new credit card merchant (North American Bancard and then decided not to go with the company because their rates were not as good as we could get. No services, equipment were provided, no software installed, we gave a 3 business day cancelation notice. Unfortunately, the CEO of our company gave the North american Bancard a copy of a voided check at time of contact. After months North American Bancard without our OK, began to pull funds, in varying amounts from our business account on a monthly basis always under a different name (these we looking like Visa/MC charges) to the sum of $1000.00. It took us and our bank a while to figure out what was going on and put a stop to it. Now after 2 years, they are threatening us to pay them additional money - as an additional cancelation fee, or they will take us to a collection agency. Any ideas to stop these deceptive people?
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