10-09-2002, 10:13 AM
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Confirmed User
Join Date: May 2002
Posts: 4,982
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Quote:
Originally posted by Fitzit
OK, Day two of being on this board and it looks like there is a lot of work to be done.
a) Your 3rd party billing companies have no pull with Visa. In reality they are not even allowed to be in business by Visa rules, and will only become legit when the new rules become effective in November. That?s from Visa
b) On Sept 19th, in Seattle. Martin Elliott, Dir. High Risk Management Visa USA and Linda Gage, Sr VP Visa USA. Gave a briefing at the ETA EXPO. I saw CCbill, Ibill, Jettis and Electracash in that room. We all knew about what was being presented 2 months before this conference. Your billing companies don't know what to do and were hoping this would go away.
c) These rules apply globally, all six Visa regions had say so on these rule changes, and all adopted them.
d) If you are TMF, not a legal company, or don't want to put up $750. You are out of the Visa market. Start pushing MasterCard, checks and Paypal (while you can, Visa does not like Paypal)
I would gladly post the slides Visa used in this expo; Visa by policy does not distribute its presentation slides. Sorry.
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Fitzit has some interesting info.
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