365 billing did not make payroll Friday for some of their call center employees and the reason given was that they were having issues with their bank. A separate source confirmed that their acquiring bank had pulled their US merchant account.
I dug a little bit and would not have posted what I did if I did not discover what follows.
All logos except for the Visa/Mastercard logos are gone from their signup pages. If they are settling the transactions, they may be doing it from a non-US merchant account, which leaves their clients open to cross-border acquiring violations.
https://secure.365billing.com/cgi-bi...f2e45026538ce7
A look at a signup form shows a prechecked "Check here to certify that you are 18 years of age" statement, which now removes the legal protection for the ipsp as well as the website owner, of requiring the consumer to opt-in to the premise that they are over 18. A website owner or ipsp will have a tough time in court defending how they keep the content away from minors when they have a prechecked ?I am over 18? statement. The only reason I could think of why they would change this is that they need throughput, regardless of the consequences.
https://secure.365billing.com/cgi-bi...2de7ff8e10295f