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ired what became NetBank Payment Systems, a provider of off-premise ATM and merchant processing services. NetBank acquired the assets of Beacon Credit Services, a leading provider of RV, boat and aircraft financing. They also introduced a tiered deposit system, where they paid the highest interest rates to people who also were customers of their other products (home or auto loan, savings account, or CD) and the lowest interest rate to people that only had a savings or checking account. They shuttered a number of businesses and sold off most businesses that were not shuttered. The large network of ATMs were sold off to other companies. NetBank normally originates loans and resells the loans to other financial institutions on the open markets. Since the loans that do not meet the underwriting guidelines are often past due loans, NetBank was forced to repurchase a large number of failed loans that it had written. NetBank received a similar notice from Nasdaq in March 2007 because it did not file its 2006 annual car loans aor very bad credit

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