Originally Posted by DAVESNOTHERE

8. segpay is essentially ibill without the debt. their prime players over at segpay, namely cathy beardsley, whom your humble author of this post has never met, is in charge over there. she and the others that run that joint are the real crooks that took off with your money. You see, ibill was once huge. but to pay for their huge houses, expensive cars, coke habits etc..they kept borrowing against YOUR money a month in advance. and they kept doing that to pay their humoungus salaries. well, they kept "paying themselves forward" that it finally caught up to them after 6 months to a year, and BOOM-their 43million in debt. there were just simple sales people, not executives or management or anything like that, bringing in $300,000 a year. thats $25,000 a month just to sign your account up. but segpay is this new, honest company! ya right.

Originally Posted by chodadog

Originally posted March 2005

"02/05/2005

Toccata Ltd, a U.K. financial services company, is launching a new subsidiary Segregated Payments. Segregated Payments (SegPay), a Gibraltar company, will operate as an IPSP initially for European merchants and intends to partner with Toccata, Inteca and other leading ecommerce service providers to expand into other regions before year end."

Who then partnered with INTECA to handle payments to clients earlier this month (14th Feb 2005). Does anyone actually believe these are seperate companies?

And does anyone else find it curious that at a time when all the shit has hit the ibill fan, a company that used to have the same address as them has just set up a brand new european IPSP?