05-11-2003, 09:01 PM
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we'll miss you our friend. RIP
Industry Role:
Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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Forbes Covering Ibill
http://www.forbes.com/technology/200..._0501porn.html
Quote:
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In a move that must have seemed smart at the time, InterCept last year paid $104 million for something called Internet Billing Co., or iBill, which acts as a third-party credit-card processor for Internet businesses that are too small or shaky to deal with credit-card banks directly. IBill makes its money by taking a 15% cut of every transaction.
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i'm sure intercept must just love this kind of publicity.
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we'll miss you our friend. RIP
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