Johnny
Well bearing in mind the bast$rd credit card companies keep a fraction (typically 3-5%) of every transaction for themselves anyway (and that's before they charge the customer interest at premium rates) , even though the have done no work, added no value and taken no risk themselves, why should they not pass the money on to the vendor who did do the work, or who has added the value and taken the risk.
Rather than bankrupting them.
Seems to me that if they were holdiong £34m of Globespans money, that they were in rather better shape than the firm that was actually doing the business that they themselves were profiting from.
Parasites!