Quote:
Originally posted by rdunn404
So does this mean Glo-bill could run into problems now?
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I doubt it. They're always two steps ahead.
What I think Visa is gearing up for is to try and shut down all the porn in the US. At the last Internext they talked a bit about that. When Congress passed that bill to make it harder to get out of credit card debt, Visa/MC returned the favor to Congress and started doing all this registration shit. Congress can't shut down porn because of a little thing called the First Ammendment. But Visa/MC are not subject to this little consititutional technicality since they are private companies. So once Visa and MC register all those thousands of adult sites out there, they will then pull what American Express did and say "No more adult!" AND they will have a method to follow up to ensure that all those thousands of sites no longer use Visa/MC.
At the end of the day I think the only processors left standing will be Verotel, Glo-Bill, Globosale and the rest of the eurotrash* lot. It's Visa USA that is the extremist group. Visa International is much more lax.
*I'm not racsist. Just like the sound of that word.
