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Originally posted by Kimmykim
IBill and Epoch are not in trouble, I don't know where you come up with that -- Jettis has also admitted to being fined under the STUPID Mastercard monopoly and I will bet you every dime you own that EVERY other processor has been as well, but is just keeping quiet about it.
IBill has a massive corporation behind them, one that just posted something like a 62% increase in profits for the quarter. That is certainly not in trouble. Epoch didn't pass the Mastercard bs fines on to their clients, so that doesn't sound like they are in trouble either.
As to how they work without charging the $750? While I am no genie, my guess is not going to be too fucking well once Visa gets through with them... they'll either be charging the fee and registering folks properly or Visa will take action --
but then again you already knew that the guys from Compliance for Visa US have taken over Compliance for Visa International, right?
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Hey Kimmy. This is only a question but, do you know what happened to Websitebilling's lawsuit against Visa? Obviously, it didn't do them much good but I was wondering if you knew why.
Was it because they actually lost the case or did they not have enough money/resources to see it through? I couldn't find anything except the original press releases on it.
I agree that IBill and Epoch have a better shot at weathering this (especially IBill with the profits you mentioned). And I agree that WB screwed up with Visa and the $750 fee. I wonder if Globill will be next. Very interesting info on the Visa compliance people.
One point of disagreement though: If all of the IPSP's lose Mastercard, that would certainly be "trouble." And Mastercard is certainly threatening to do that.
What's your prediction if that happens?