View Single Post
Old 05-17-2003, 08:58 AM  
nevermind
Confirmed User
 
Join Date: Feb 2003
Posts: 276
Quote:
Originally posted by JDragon

What do you mean by "crackdown"?)
All of this was discussed at length on page 5 of the Epoch/Mastercard lawsuit thread:

http://www.gofuckyourself.com/showth...4&pagenumber=5

But, if you like, I will briefly summarize:

Epoch violated Mastercard's chargeback rules for several months in 2001 and 2002. After that, Mastercard cracked down hard --- imposing millions of dollars in fines and demanding that Epoch restructure their business. Epoch has filed suit saying Mastercard's demands will put their U.S. company out of business.

I just found it interesting that, in the face of these problems, Epoch's principal officers have set up the seperate Epassporte processing entity overseas.

_________________________________

"I have rules, and one of them is that if you lie to my face, I will come back and bury you repeatedly in every forum I have. " -- James Cramer, Thestreet.com

Last edited by nevermind; 05-17-2003 at 09:26 AM..
nevermind is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote