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The reason iBill's account was frozen is because there was a dispute between iBill and First Data. It is common for the bank offering the merchant account to include in the agreement the right to freeze the bank account that is linked to the merchant account when there is a dispute. As long as there are legal issues between iBill and First Data, the account will be frozen. The fact that it got frozen in the first place is really stupid on iBill's part. They decided to sue First Data to make them continue to process iBill transactions even though First Data gave them plenty of time to find other aggregators. When they sued, bang, the money was frozen. It's not rocket science....
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