Ibill Intercept Fiasco

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  • Shap
    Confirmed User
    • May 2001
    • 8313
    #1

    Ibill Intercept Fiasco

    Ok, I know the writing has been on the wall for some time now. I think Garrett leaving ibill was a bad thing for all ibill clients. Right now they have a non porn guy running the show. And chances are he probably is against porn.

    To top things off check this out:
    http://biz.yahoo.com/pz/030303/37343.html

    looks like intercept is going to really hate porn after this.


    Anybody from paycom wanna drop me a line?


    Shap
    Twistyscash.com
    Last edited by Shap; 03-04-2003, 08:39 AM.
    Tags: None
    • Kimmykim
      bitchslapping zebras!!!!!
      • Jun 2001
      • 16015
      #2
      It gets better shap...

      http://www.classlaw.com/FSL5CS/case%...ummaries59.asp

        Comment

        • FlyingIguana
          aspiring banker
          • Mar 2002
          • 10870
          #3
          that has to do with intercept execs not releasing information that they knew was material to shareholders.

            Comment

            • Shap
              Confirmed User
              • May 2001
              • 8313
              #4
              I'm no lawyer, but I think they have a REALLY good case against intercept. Will be interesting to see how much the lawsuit is for and how this will change the acceptance of PORNOGRAPHY at intercept.

                Comment

                • [Labret]
                  Registered User
                  • May 2001
                  • 10945
                  #5

                  Plaintiff alleges that, during the Class Period, defendants made material misrepresentations and/or omitted to make material disclosures due to their false assurances that the adult pornography internet portion of their merchant processing business was insignificant and due to their failure to disclose that VISA regulations implemented on November 1, 2002, which were targeted specifically to address risks of internet pornography card processing, had caused a material loss of business.


                  hehe

                    Comment

                    • quiet
                      we'll miss you our friend. RIP
                      • Sep 2001
                      • 25115
                      #6
                      hmm
                      we'll miss you our friend. RIP

                        Comment

                        • [Labret]
                          Registered User
                          • May 2001
                          • 10945
                          #7
                          An open letter to my rebills.

                          "I'll miss you".

                          Love,

                          me.

                            Comment

                            • Shap
                              Confirmed User
                              • May 2001
                              • 8313
                              #8
                              Labret

                              You Rock!

                                Comment

                                • Interlude
                                  Confirmed User
                                  • Feb 2001
                                  • 1147
                                  #9
                                  Originally posted by [Labret]
                                  An open letter to my rebills.

                                  "I'll miss you".

                                  Love,

                                  me.
                                  You can keep them if you want. iBill kept charging my rebills for two months after they stopped paying me.

                                    Comment

                                    • playa
                                      Confirmed User
                                      • Feb 2001
                                      • 6432
                                      #10
                                      If you ask me if Ibill goes bust

                                      you guys might wanna find a way to transfer your rebills to another merchant,,

                                      i am pretty sure if possible your next proccessor will try to find a way

                                      and if not help out by taking any legal actions,, cause there should be law for it

                                        Comment

                                        • Processing Princess
                                          Confirmed User
                                          • Aug 2002
                                          • 175
                                          #11
                                          Shap:


                                          Since you asked..
                                          Call me at 888-627-3888 ext. 207
                                          or email me at [email protected]
                                          or hit me up on ICQ

                                          Isabel
                                          -- Isabel
                                          icq# 151180901
                                          [email protected]

                                            Comment

                                            • scoreman
                                              Confirmed User
                                              • Nov 2001
                                              • 1491
                                              #12
                                              Its a really bad sign that so many of IBILL's staff have left in the last month or so. This to me is clear indication that Intercept is calling the shots and that there is a significant morale issue in Deerfield Beach. When have you known a company with morale problems to fire on all cylinders? No, there has to be alot of clock punching and Monster.com searching going on over there right now. Everything points to large amounts of adult business leaving IBILL. Their February/March volume has got to be down and this will not sit well with shareholders.

                                              All this turmoil and still no mission statement from Intercept as to how they plan to help the adult business go forward. The staff at IBILL all say, "oh its business as usual over here", well thats not good enough. Im not looking for static performance, Im looking for innovation, drive and a clear motivation from our billing agents to help us go forward, not stand still. I for one am very disappointed that there has not been so much as an email from upper management at IBILL indicating what exactly are their plans for the adult business. If they are telling all their sales people, PUSH THE ENVELOPE WITH SONY and not PUSH THE ASIAN BILLING OPTIONS, then we adult providers with IBILL are second class class citizens, whose business is being taken for granted. Our business pays the bills right now but I get the sense that they look at us as just the means to get by until they can ramp up mainstream and can afford to kick us to the curb.

                                              I disagree completely with those that say IBILL is going under. What I see happening is that they will not be dedicating resources to meeting the needs of the adult clientele. Of course, I could very well be wrong about IBILL not going under. The one thing I do know is that lately its felt like Im standing on a volcano that is rumbling constantly. I can chose to continue to stand at the lip bu I will get incinerated in an eruption. Or, I can back off this mountain some and keep watch from lower ground. I can always climb back up later if in fact I am wrong.

                                                Comment

                                                • iBill-Cathy
                                                  Registered User
                                                  • Feb 2002
                                                  • 61
                                                  #13
                                                  iBill has been providing payment processing services since 1996 and will continue to focus on the segments that it services today as well as new market segments. We will continue to enhance and develop our offering to support ALL of our clients. We have no intentions of walking away from any type of business that is in compliance with FTC and Card Association regulations.

                                                    Comment

                                                    • [Labret]
                                                      Registered User
                                                      • May 2001
                                                      • 10945
                                                      #14
                                                      I bet iBill Cathy is hot.

                                                        Comment

                                                        • playa
                                                          Confirmed User
                                                          • Feb 2001
                                                          • 6432
                                                          #15
                                                          Originally posted by iBill-Cathy
                                                          iBill has been providing payment processing services since 1996 and will continue to focus on the segments that it services today as well as new market segments. We will continue to enhance and develop our offering to support ALL of our clients. We have no intentions of walking away from any type of business that is in compliance with FTC and Card Association regulations.

                                                          gotta love these copy/paste canned statements

                                                          i bet you tell that to all your clients

                                                            Comment

                                                            • TDF
                                                              Triple OG nigga on GFY
                                                              • Mar 2002
                                                              • 27296
                                                              #16
                                                              Originally posted by [Labret]
                                                              I bet iBill Cathy is hot.

                                                              a very hot bot....wheres my spray bottle..
                                                              Sig heil

                                                                Comment

                                                                • Cindyff
                                                                  Confirmed User
                                                                  • Sep 2002
                                                                  • 1187
                                                                  #17
                                                                  I am going to get my guys to build Ibill Cathy a site so that when Ibill drops of the map she will be able to support herself in the porn industry ???

                                                                  Cindy xx

                                                                    Comment

                                                                    • ronin
                                                                      Confirmed User
                                                                      • Aug 2002
                                                                      • 1300
                                                                      #18
                                                                      iBill Cathy ROCKS!

                                                                        Comment

                                                                        • scoreman
                                                                          Confirmed User
                                                                          • Nov 2001
                                                                          • 1491
                                                                          #19
                                                                          Originally posted by iBill-Cathy
                                                                          iBill has been providing payment processing services since 1996 and will continue to focus on the segments that it services today as well as new market segments. We will continue to enhance and develop our offering to support ALL of our clients. We have no intentions of walking away from any type of business that is in compliance with FTC and Card Association regulations.
                                                                          pfffttttttt, pulease....

                                                                          Cathy, this tells me nothing. You might as well have just said, "Its business as usual over here" or "IBILLs #1, everybody do the WAVE!"

                                                                          I could care less if IBILL has been processing since 1996 or 1896, why even mention that? This whole thread is about issues RIGHT NOW, not resting on the laurels of past accomplishments. The "segments" and "support" you speak of, how much is being dedicated to new products for the Adult market? What exactly? Are they actively dedicating development resources towards improving Revshare? In what manner? Are they able to tell me what they are doing to improve our hello page to join submit click ratio? How about European Debit and Dialer integration with Revshare? HOW ABOUT JOHN PERRY OR JOHN COLLINS SPEAKING UP AND TELLING US IN BLACK AND WHITE THAT THEY ARE COMMITTED TO EXPANDING AND SUPPORTING THE ADULT PORTFOLIO AND IN WHAT MANNER? Or is there a problem with that?

                                                                          There is a big difference to yes we will continue to process you as we have done in the past, and Yes we WANT your business and in fact we have all these plans on how we can make your business grow. You can bet the FTC and Card Association compliant business that Paycom and CCBILL are looking to grow their adult portfolio and neither CEO would be shy to say so right now in writing. Is it unusual that we would expect to see a similar mission statement from IBILL?

                                                                          If you arent willing to really address issues beyond single posts of no substance, you should refrain from posting. You are damaging your position not improving it.

                                                                            Comment

                                                                            • playa
                                                                              Confirmed User
                                                                              • Feb 2001
                                                                              • 6432
                                                                              #20
                                                                              scoreman you wasting your time man,,
                                                                              they never respond, just use canned statements

                                                                              this is one of the reasons why Ibill has been declining
                                                                              lack of client support

                                                                                Comment

                                                                                • iBill-Cathy
                                                                                  Registered User
                                                                                  • Feb 2002
                                                                                  • 61
                                                                                  #21
                                                                                  Scoreman-I don't think the GFY board is the place to comment anything further than what I have. Yes, we are enhancing our system to support the adult segement. I think you have been privy and part of the development of our NexGen platform. I also know that John Perry as well as many other individuals at iBill have reached out to you personally to make sure that you are comfortable with our direction. We are looking forward to the meeting.

                                                                                    Comment

                                                                                    • [Labret]
                                                                                      Registered User
                                                                                      • May 2001
                                                                                      • 10945
                                                                                      #22
                                                                                      so hot.

                                                                                        Comment

                                                                                        • FATPad
                                                                                          Confirmed User
                                                                                          • Oct 2001
                                                                                          • 6693
                                                                                          #23
                                                                                          Originally posted by iBill-Cathy
                                                                                          iBill has been providing payment processing services since 1996 and will continue to focus on the segments that it services today as well as new market segments. We will continue to enhance and develop our offering to support ALL of our clients. We have no intentions of walking away from any type of business that is in compliance with FTC and Card Association regulations.
                                                                                          There's a nice paragraph of nothing.
                                                                                          <a href="http://www.adultcontent.co.uk">Adult Content UK - Great British Content</a>

                                                                                            Comment

                                                                                            • FATPad
                                                                                              Confirmed User
                                                                                              • Oct 2001
                                                                                              • 6693
                                                                                              #24
                                                                                              Originally posted by iBill-Cathy
                                                                                              Scoreman-I don't think the GFY board is the place to comment anything further than what I have. Yes, we are enhancing our system to support the adult segement. I think you have been privy and part of the development of our NexGen platform. I also know that John Perry as well as many other individuals at iBill have reached out to you personally to make sure that you are comfortable with our direction. We are looking forward to the meeting.
                                                                                              You don't think GFY is a place to make announcements and tell people what you're doing to improve your services and products?

                                                                                              Your other clients don't deserve to know what is being done at IBILL to improve the products and services?
                                                                                              <a href="http://www.adultcontent.co.uk">Adult Content UK - Great British Content</a>

                                                                                                Comment

                                                                                                • quiet
                                                                                                  we'll miss you our friend. RIP
                                                                                                  • Sep 2001
                                                                                                  • 25115
                                                                                                  #25
                                                                                                  keep posting Cathy. i'd rather hear something (anything) rather than complete silence - from someone other than my rep.
                                                                                                  we'll miss you our friend. RIP

                                                                                                    Comment

                                                                                                    • playa
                                                                                                      Confirmed User
                                                                                                      • Feb 2001
                                                                                                      • 6432
                                                                                                      #26
                                                                                                      Originally posted by iBill-Cathy
                                                                                                      Scoreman-I don't think the GFY board is the place to comment anything further than what I have.
                                                                                                      thats the problem

                                                                                                      In this business perception is everything, not taking a stand in a public board automatically makes people assume your having troubles

                                                                                                        Comment

                                                                                                        • MetaformX
                                                                                                          Confirmed User
                                                                                                          • Mar 2002
                                                                                                          • 6704
                                                                                                          #27
                                                                                                          I am sooo psychic. http://bbs.adultwebmasterinfo.com/sh...ight=MetaformX

                                                                                                            Comment

                                                                                                            • DyannaDoes
                                                                                                              Confirmed User
                                                                                                              • Aug 2002
                                                                                                              • 212
                                                                                                              #28
                                                                                                              Nevermind, THIS is the most interesting thread of the day.
                                                                                                              "Profanity is the inevitable linguistic crutch of the inarticulate motherfucker."

                                                                                                                Comment

                                                                                                                • goBigtime
                                                                                                                  Confirmed User
                                                                                                                  • Nov 2002
                                                                                                                  • 7761
                                                                                                                  #29
                                                                                                                  Originally posted by scoreman
                                                                                                                  Its a really bad sign that so many of IBILL's staff have left in the last month or so.
                                                                                                                  Blah blah blah. They are publicly traded, (currently) shortable, and have options contracts available. If you really think they are going belly up... then you can always put your money where your mouth is.

                                                                                                                  Last edited by goBigtime; 03-04-2003, 01:33 PM.

                                                                                                                    Comment

                                                                                                                    • scoreman
                                                                                                                      Confirmed User
                                                                                                                      • Nov 2001
                                                                                                                      • 1491
                                                                                                                      #30
                                                                                                                      You spend your time on your April puts there buddy. I dont get paid to look at the VIX on SCORE time.

                                                                                                                        Comment

                                                                                                                        • skeet
                                                                                                                          Registered User
                                                                                                                          • Feb 2002
                                                                                                                          • 89
                                                                                                                          #31
                                                                                                                          iBill Cathy -

                                                                                                                            Comment

                                                                                                                            • EscortBiz
                                                                                                                              Fuck Checks, CASH only!
                                                                                                                              • May 2002
                                                                                                                              • 19422
                                                                                                                              #32
                                                                                                                              Originally posted by ronin
                                                                                                                              iBill Cathy ROCKS!
                                                                                                                              Hey you are in NYC why don't we hook up for some drinks

                                                                                                                              Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING

                                                                                                                              Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts

                                                                                                                              ICQ# 158802076

                                                                                                                                Comment

                                                                                                                                • EscortBiz
                                                                                                                                  Fuck Checks, CASH only!
                                                                                                                                  • May 2002
                                                                                                                                  • 19422
                                                                                                                                  #33
                                                                                                                                  I dont use iBill but I can tell you this much that a lawsuit like this is common in the stock market, investors lose money on a stock they try to cook some shit up.

                                                                                                                                  Those investors will mostlikly get shit and ibill wont fold because of this.

                                                                                                                                  Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING

                                                                                                                                  Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts

                                                                                                                                  ICQ# 158802076

                                                                                                                                    Comment

                                                                                                                                    • picindex
                                                                                                                                      Confirmed User
                                                                                                                                      • Oct 2002
                                                                                                                                      • 1038
                                                                                                                                      #34
                                                                                                                                      as long as the earnings are NOT in red you should be cool, no?

                                                                                                                                      (you at least know they have money... heh)
                                                                                                                                      Good Content:

                                                                                                                                        Comment

                                                                                                                                        • BluMedia
                                                                                                                                          Confirmed User
                                                                                                                                          • Dec 2002
                                                                                                                                          • 3973
                                                                                                                                          #35
                                                                                                                                          So glad we did not go with IBill we were so close to going with them but we decided on CCBill and Epoch. Real sorry guys hope everything works out for you.

                                                                                                                                          Mark
                                                                                                                                          IntenseCash - If you can't convert us then you might want to look for a new job
                                                                                                                                          .
                                                                                                                                          BrokeStraightBoys.com converting 1:124 stats counted by Nats

                                                                                                                                            Comment

                                                                                                                                            • SR
                                                                                                                                              Confirmed User
                                                                                                                                              • Jul 2001
                                                                                                                                              • 2239
                                                                                                                                              #36
                                                                                                                                              I still have the best results with IBill and every payment on time!
                                                                                                                                              SOmething I can't say from some other processors.
                                                                                                                                              I'm sure IBill will continue.

                                                                                                                                                Comment

                                                                                                                                                • FlyingIguana
                                                                                                                                                  aspiring banker
                                                                                                                                                  • Mar 2002
                                                                                                                                                  • 10870
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by EscortBiz
                                                                                                                                                  I dont use iBill but I can tell you this much that a lawsuit like this is common in the stock market, investors lose money on a stock they try to cook some shit up.

                                                                                                                                                  Those investors will mostlikly get shit and ibill wont fold because of this.
                                                                                                                                                  they might have a case. they would have to prove the execs knew that the numbers they were giving out on nov 4th weren't accurate given how the new visa regulations would change earnings.

                                                                                                                                                  this statement here is the key

                                                                                                                                                  defendants made material misrepresentations and/or omitted to make material disclosures due to their false assurances that the adult pornography internet portion of their merchant processing business was insignificant and due to their failure to disclose that VISA regulations implemented on November 1, 2002, which were targeted specifically to address risks of internet pornography card processing, had caused a material loss of business.

                                                                                                                                                  obviously the adult portion of their business wasn't insignificant because it ended up taking a significant chunk out of their stock price.

                                                                                                                                                    Comment

                                                                                                                                                    • javok
                                                                                                                                                      Confirmed User
                                                                                                                                                      • Jun 2001
                                                                                                                                                      • 710
                                                                                                                                                      #38


                                                                                                                                                      Well, I never lost an ibill payment!
                                                                                                                                                      dickrate.com

                                                                                                                                                        Comment

                                                                                                                                                        • Cogitator
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Feb 2002
                                                                                                                                                          • 672
                                                                                                                                                          #39
                                                                                                                                                          I'm betting the shareholders will win this lawsuit. They had to have known their degree of exposure to adult sites by the fourth quarter of last year.
                                                                                                                                                          - this space intentionally left blank -

                                                                                                                                                            Comment

                                                                                                                                                            • HardProfits
                                                                                                                                                              So Fucking Banned
                                                                                                                                                              • Jan 2003
                                                                                                                                                              • 346
                                                                                                                                                              #40
                                                                                                                                                              I have never ever seen a more over hyped lump of shit in my life

                                                                                                                                                              Yes - the billing companies are going thru some hard issues right now, and they are working thru them (some better than others)

                                                                                                                                                              Yes - this in turn affects us and the performance of our sales and payments (from time to time)

                                                                                                                                                              Yes - this is an issue to concern oursleves with

                                                                                                                                                              But can I ask this one question please.....

                                                                                                                                                              Where has it been formally announced that iBill is going down or is removing itself from the porn business?

                                                                                                                                                              Daniel

                                                                                                                                                                Comment

                                                                                                                                                                • ronin
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Aug 2002
                                                                                                                                                                  • 1300
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by EscortBiz


                                                                                                                                                                  Hey you are in NYC why don't we hook up for some drinks
                                                                                                                                                                  traveling, will be back in a couple of months, can try then-

                                                                                                                                                                    Comment

                                                                                                                                                                    • playa
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Feb 2001
                                                                                                                                                                      • 6432
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by HardProfits


                                                                                                                                                                      Where has it been formally announced that iBill is going down or is removing itself from the porn business?

                                                                                                                                                                      haven't you learned anything from GFY?

                                                                                                                                                                        Comment

                                                                                                                                                                        • Kimmykim
                                                                                                                                                                          bitchslapping zebras!!!!!
                                                                                                                                                                          • Jun 2001
                                                                                                                                                                          • 16015
                                                                                                                                                                          #43
                                                                                                                                                                          From a purely nitpicky standpoint, didnt IBill cease to exist when it and EPX were folded into the new Intercept Payment Solutions that was announced, what I thought to be retroactively, yesterday, with an effective date of 3/1?

                                                                                                                                                                          It's very disturbing to me that the news is coming from the press releases and not from IBill, especially in a community that has supported the company through more than a years worth of outages, faulty upgrades and imo, plain technical incompetency. These things I know of first hand since I did work for a company that does considerable business with IBill as a backup processor last year.

                                                                                                                                                                            Comment

                                                                                                                                                                            • duffmann
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Aug 2002
                                                                                                                                                                              • 21
                                                                                                                                                                              #44
                                                                                                                                                                              I've know ibill-cathy 10 years. trust me, she's hot...

                                                                                                                                                                                Comment

                                                                                                                                                                                • javok
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Jun 2001
                                                                                                                                                                                  • 710
                                                                                                                                                                                  #45
                                                                                                                                                                                  poor Kathy
                                                                                                                                                                                  dickrate.com

                                                                                                                                                                                    Comment

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