garv

August 6, 2003

MasterCard Compliance Initiatives

Dear Merchant,

In an effort to remain in compliance with MasterCard regulations regarding aggregate transaction processing, iBill, as well as all other processors, will be required to initiate changes in the way aggregated clients (iBill Catalog Complete clients) accept and process MasterCard payments. These new MasterCard regulations will result in changes to iBill processing operations. Consequently, due to the nature of your business, your iBill Catalog Complete account does not qualify for any of the alternatives that we are able to offer in regards to the new regulations. iBill regrets to announce that in order to continue processing for your account, MasterCard will need to be disabled on your account so that you will not continue to process transactions utilizing MasterCard effective August 22, 2003.

It is an ongoing goal of iBill to notify clients as soon as possible regarding business-critical issues related to our operating procedures.

Additionally, we would like to thank our clients for contacting us and assisting in this effort by providing their acquiring bank's contact information. We want you to know that we are doing everything possible to reduce the negative impact this incident may have on your customer relationships.

iBill has built its reputation by offering unsurpassed tools, products and services that enhance our clients' internet-based transaction processing. Although the regulations affecting our industry are ever-changing, our commitment to supporting our clients to the highest possible degree remains constant. As always, we thank you for your business.

Sincerely,

iBill

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left the biz