Quote:
Originally Posted by Kimmykim
If you cannot see how owning a company that collects data for clients, and also owning a company that uses the same data that you are collecting for clients using a competing processor is a conflict of interest, then you need to have your eyes checked, in my opinion.
What is to stop some rogue employee from either SEGPAY or NATS from figuring out a way to misuse the information that you potentially have access to from these clients?
Trust you, you say. That is fine. No one is saying that you are untrustworthy. As I told you in icq, this is not personal and has no bearing (on my part) as to whether or not I like you and Charlie. This is a simple matter that a Business Ethics 101 class would dispose of in a single sitting.
If CCBill or Epoch were to start running websites tomorrow, I would be the first person to say it was a conflict. If they decided to start a NATS type program that they were offering to sites not using them for processing, I would find that to be a conflict as well, and would have no problem saying so publicly.
One last time, nothing personal, just an evaluation of the situation as I see it from my chair.
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I've said I can understand my owning sites can be a conflict and people will have to exercise their trust on that as they have for years. All I've said is that the addition of a processor to TMM, exclusive of my owning of sites, is not a conflict in and of itself which people have said it is.
Many people in this business own many things, and they do it without telling anyone. I'm not being secretive about it. I'm being fully upfront about it. You should worry about those in this business who do not reveal what they do and own.