Quote:
Originally posted by Indeed
ok and your point is what? that all cc processors will die?
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It's a distinct possibility.
I don't think IBill will die because Intercept has pretty deep pockets.
But I won't be surprized if Ibill dumps adult either. Intercept has stated they're going to work closely with MC and Visa, and that "high risk" adult processing is not a big priority for them.
As for the rest, who knows? I thought Epoch had some deep pockets but, with today's news, that may not be the case.
Unless there's a fundamental change in the industry's attitude toward billing --- which is highly unlikely --- yeah, they might all go under.
Especially if MC cuts them off, as they are threatening to do with Epoch.