I don't think any of them will have folded. I also don't think you'll have seen any new serious contenders in that market space. Let's face it, allowing a bajillion adult webmasters to process transactions on a Merchant Account someone over there is personally responsible for has to be at least a bit scary.
I think more of what you're seeing is backroom dealing between the government and Visa. The government wants to start tracking information on where the money is coming from in our industry, and Visa wants desperately for changes to the bankruptcy laws. A little horse trading goes a long way in politics.
What do you suppose the US has given away to buy the other countries into our little war in Iraq? Not to get off on a rant here...
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