Since its untimely demise all areas of payment processing at Merrill is suffering. Since August 2008, I have incurred $200.00 in late fees as Merrill is now taking between 10-20 days to process payments. Payments mailed on the 14th of each much are not applied until well after the due date (21st) of each month. There managers play the blame game and really do nothing to acknowledge that they are beginning to have a payment processing issue.