07-17-2003, 08:21 PM
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Confirmed User
Industry Role:
Join Date: Dec 2002
Location: SeATtle
Posts: 6,033
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Quote:
Originally posted by HardProfits
I have been aware for some time regarding the "NEW" MasterCard changes coming soon, that are really designed to fuck our industry up
The Visa issues are harsh, but you all aint seen nothin yet.
So whilst many of you were smashing iBill to death on this and other boards, iBill has been quietly and efficiently working its ass off to get themselves into gear for our needs
So to all you iBill naysayers : 
And to all the iBill supporters - now is the time to get behind your IPSP - speak out mates
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URGENT: MasterCard Compliance Information
Boy, are you ever right on!!
Now if they would only pay all the Webmasters they owe money to, they might be a c- rated e-processor!
MasterCard has recently announced significant new requirements for merchants who use IPSPs to accept MasterCard as a form of payment. These requirements affect iBill as well as all IPSPs. iBill has developed a solution that has been accepted by MasterCard and will allow our merchants to continue to accept MasterCard as a payment type.
The purpose of this notice is to notify iBill clients that we will be hosting a web cast on Wednesday, July 23 from 6:00 to 7:00 PM eastern time to communicate these changes. The web cast will serve as a forum during which iBill will outline the MasterCard requirements, explain the impact to clients and demonstrate how clients become MasterCard compliant in the new operating environment. iBill is committed to supporting our customers through the compliance process. Following the web cast, iBill clients can expect comprehensive ongoing communication including access to a compliance discussion forum on our iBill Website. As soon as the details related to the web cast are determined, you will be notified as to how you can participate.
Please understand that we are not prepared at this time to offer details of the requirements or the iBill solution via customer service, client service, sales, or CMI. Calls to us at this time will not result in additional information beyond what is being shared here. iBill is working diligently to prepare our service and sales associates to address your questions following the web cast. We ask that at this time our clients reserve their inquiries regarding this matter; detailed information will be made available at the time of the web cast. Until then, we urge you to participate in the web cast as a means of receiving the most current information possible.
iBill has put forth considerable effort and resources to negotiate a viable alternative for our clients to ensure they can continue to accept MasterCard as a payment type. We look forward to sharing the details of that effort with our merchants next week. We thank you for your patience as we work though this issue.
iBill
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