** Breaking VISA News (March 31, 2004): 3rd Party Processors are History - GoFuckYourself.com

McVisa · 04-01-2004, 10:01 AM

March 31st, 2004 (Not April's Fools!!!)

Breaking VISA News:
http://www.pimpcafe.com/article2/art...p?article=1779

You can search Google News too, there are articles about it also.

What will this mean?

High Quality · 04-01-2004, 10:01 AM

It means nothing to me

TheSenator · 04-01-2004, 10:03 AM

means nothing

McVisa · 04-01-2004, 10:05 AM

It could mean the end of chargebacks... or that more webmasters lose their money when more 3rd party processors go out of business. Anyone has inside scoop on this?

quiet · 04-01-2004, 10:05 AM

mryellow · 04-01-2004, 10:05 AM

Quote:

"IPSP's (3rd Party Processing Companies) are still able to resell VISA processing, but all credit card information entry pages and all databases will be located in VISA's central databanks for real-time management.", said Belinda Walters, Development Manager for Visa USA.

Sounds like a good move.... Means Visa will soon be able to tell
which transactions are friendly fraud. Then we won't have to pay
chargeback fees on those transactions. Our chargeback limits will
be smaller but only by the percentage that Visa calculates as
friendly fraud.

-Ben

chupacabra · 04-01-2004, 10:06 AM

i like how they mispelled the word "merchants" in that article, very pro..!

psyko514 · 04-01-2004, 10:07 AM

Can anyone say "April Fool's"???

McVisa · 04-01-2004, 10:09 AM

haha, you people are too paranoid.

shogun3k · 04-01-2004, 10:09 AM

Don't believe anything today lol

More Booze · 04-01-2004, 10:10 AM

Some other resource-page did this last year too.

McVisa · 04-01-2004, 10:10 AM

Maybe that's why they announced it yesterday/today... so nobody would take it seriously.

mryellow · 04-01-2004, 10:14 AM

I don't see it on any other sites. Looks like someones gone to
some effort to actually make a pretty decent april fools. Although
it's not very scary....

Apart from the central database which FTC would probably frown
on it's pretty much the kinda thing Visa would like to do. They
don't know what percentage is friendly fraud, so in the meantime
we pay the costs and they guess the percentage and adjust our
total chargeback limit.

-Ben

twistyneck · 04-01-2004, 10:16 AM

When was the last time that anyone heard anything directly from Visa? Uh, that would be never.

KRL · 04-01-2004, 10:40 AM

So is that bullshit or not?

McVisa · 04-01-2004, 10:50 AM

the processors are silent... makes u wonder, eh?

body · 04-01-2004, 10:52 AM

Its no bullshit, major processor have a meeting today

Rand · 04-01-2004, 11:38 AM

It's total bull shit.

April Fools.

-Rand

icu33774 · 04-01-2004, 11:39 AM

Quote:

Originally posted by High Quality
It means nothing to me

what he said

Doctor Dre · 04-01-2004, 11:41 AM

Good thing if it'S true . They will bring everything together so that will cut the online scamming a lot

pornkitten · 04-01-2004, 12:20 PM

is this an april fools joke

body · 04-01-2004, 12:23 PM

Quote:

Originally posted by Doctor Dre
Good thing if it'S true . They will bring everything together so that will cut the online scamming a lot

sooooo true !

tootie · 04-01-2004, 12:31 PM

I don't know if this is an April Fool's joke or not, but I just got this from Verotel:

-------------------------------------------------------------------------------
Dear XXXX XXXXXX,

Verotel has an important update about an important subject:
Verotel Pro and Verotel Ticketsclub.

VEROTEL PRO WEBMASTERS, CHANGED IPSP REGULATIONS PER APRIL 1ST

Starting April 1st 2004 VISA and MasterCard require that there is
more transparency regarding larger merchants for which Verotel
processes. End-users need to know which company they are dealing
with when they are using their credit card on the Internet.
This is good for your business and ours, as it will reduce the number
of chargebacks and complaints.

The solution is that larger merchants will need to show their
company name on the descriptor portion of credit card
statements. Currently the name 'VEROTEL' shows up on an enduser's
credit card statement. Webmasters that process, on average,
more than USD 1,000 a week, have been selected in February to
become a VEROTEL PRO customer, and it is required that the webmaster's
company name is shown on the descriptor.

The affected webmasters have been notified by registered/courier
mail and by e-mail.

Please note that starting May 1st 2004, everybody can become a
Verotel Pro customer, regardless of the amount of weekly processing
volume. At that time there is a one time registration fee of
USD 1,500.00 and an annual fee of USD 250.00.

The current preselected group of Verotel Pro customers do not have
to pay any one-time registration fee -and- their annual fee is waived
until January 1st 2006.

VEROTEL CUSTOMERS THAT ARE NOT SELECTED TO BECOME A VEROTEL PRO
CUSTOMER WILL BE A VEROTEL TICKETSCLUB CUSTOMER STARTING APRIL 15TH.

Starting April 15th 2004 Verotel wants to gain more control
over its portfolio with merchants, processing for smaller websites.

That's why Verotel introduces the Ticketsclub (www.ticketsclub.com)
for all Verotel merchants, that have not been selected to become
a Verotel Pro customer. With Ticketsclub, Verotel can actively
monitor endusers that bought a subscription for your website,
reducing the number of fraudulent transactions.

All future Verotel Ticketsclub accounts stay free of charge. However,
some restrictions will be introduced:

- all members being subscribed to a Verotel Ticketsclub merchant
website should login every time at www.ticketsclub.com. That
means that that MEMBERS button link should be replaced on all
Verotel Ticketsclub merchant websites.

- all members being subscribed to a Verotel Ticketsclub merchant
website are being monitored, each time they login to www.ticketsclub.com.
The login information will be shared with all Verotel Ticketsclub
merchants in the Verotel Control Center.

- all websites, owned by a Verotel Ticketsclub merchant, should
be described more detailed in a so called 'Website profile'
by the Verotel Ticketsclub merchant.

- for all credit card, US Check, and Direct Debit Europe transactions
a non-negotiable fixed fee of 14.5% will be charged for all transactions.
There is a 1.5% surcharge for recurring transactions. Please note that
all previous discounts and surcharges will be cancelled for
Verotel Ticketsclub customers starting April 15th.

Please read the full story at:
http://www.verotel.com/new_ipsp.html

You can see on the first page of the Verotel Control Center
if you are a selected Verotel Pro or a future Verotel Ticketsclub merchant.

If you have any questions about our company policy regarding
Verotel Pro and Verotel Ticketsclub, don't hestitate to email
us at [email protected].

We thank you for your business and we hope that we both can
increase our sales and security using these new rules and
regulations.

Kind regards,

Verotel Management
Amsterdam - Netherlands

Edguy! · 04-01-2004, 12:40 PM

Quote:

Originally posted by tootie
I don't know if this is an April Fool's joke or not, but I just got this from Verotel:

-------------------------------------------------------------------------------
Dear XXXX XXXXXX,

Verotel has an important update about an important subject:
Verotel Pro and Verotel Ticketsclub.

VEROTEL PRO WEBMASTERS, CHANGED IPSP REGULATIONS PER APRIL 1ST

Starting April 1st 2004 VISA and MasterCard require that there is
more transparency regarding larger merchants for which Verotel
processes. End-users need to know which company they are dealing
with when they are using their credit card on the Internet.
This is good for your business and ours, as it will reduce the number
of chargebacks and complaints.

The solution is that larger merchants will need to show their
company name on the descriptor portion of credit card
statements. Currently the name 'VEROTEL' shows up on an enduser's
credit card statement. Webmasters that process, on average,
more than USD 1,000 a week, have been selected in February to
become a VEROTEL PRO customer, and it is required that the webmaster's
company name is shown on the descriptor.

The affected webmasters have been notified by registered/courier
mail and by e-mail.

Please note that starting May 1st 2004, everybody can become a
Verotel Pro customer, regardless of the amount of weekly processing
volume. At that time there is a one time registration fee of
USD 1,500.00 and an annual fee of USD 250.00.

The current preselected group of Verotel Pro customers do not have
to pay any one-time registration fee -and- their annual fee is waived
until January 1st 2006.

VEROTEL CUSTOMERS THAT ARE NOT SELECTED TO BECOME A VEROTEL PRO
CUSTOMER WILL BE A VEROTEL TICKETSCLUB CUSTOMER STARTING APRIL 15TH.

Starting April 15th 2004 Verotel wants to gain more control
over its portfolio with merchants, processing for smaller websites.

That's why Verotel introduces the Ticketsclub (www.ticketsclub.com)
for all Verotel merchants, that have not been selected to become
a Verotel Pro customer. With Ticketsclub, Verotel can actively
monitor endusers that bought a subscription for your website,
reducing the number of fraudulent transactions.

All future Verotel Ticketsclub accounts stay free of charge. However,
some restrictions will be introduced:

- all members being subscribed to a Verotel Ticketsclub merchant
website should login every time at www.ticketsclub.com. That
means that that MEMBERS button link should be replaced on all
Verotel Ticketsclub merchant websites.

- all members being subscribed to a Verotel Ticketsclub merchant
website are being monitored, each time they login to www.ticketsclub.com.
The login information will be shared with all Verotel Ticketsclub
merchants in the Verotel Control Center.

- all websites, owned by a Verotel Ticketsclub merchant, should
be described more detailed in a so called 'Website profile'
by the Verotel Ticketsclub merchant.

- for all credit card, US Check, and Direct Debit Europe transactions
a non-negotiable fixed fee of 14.5% will be charged for all transactions.
There is a 1.5% surcharge for recurring transactions. Please note that
all previous discounts and surcharges will be cancelled for
Verotel Ticketsclub customers starting April 15th.

Please read the full story at:
http://www.verotel.com/new_ipsp.html

You can see on the first page of the Verotel Control Center
if you are a selected Verotel Pro or a future Verotel Ticketsclub merchant.

If you have any questions about our company policy regarding
Verotel Pro and Verotel Ticketsclub, don't hestitate to email
us at [email protected].

We thank you for your business and we hope that we both can
increase our sales and security using these new rules and
regulations.

Kind regards,

Verotel Management
Amsterdam - Netherlands

sounds pretty serious, maybe it might not be a joke then ?

Calvinguy · 04-01-2004, 01:11 PM

It's true. Read all about it by following this link

Shoplifter · 04-01-2004, 02:03 PM

The Verotel stuff is true but nothing new. The rest is BS.

04-01-2004, 10:01 AM	#1
McVisa Registered User Join Date: Feb 2003 Posts: 38	** Breaking VISA News (March 31, 2004): 3rd Party Processors are History March 31st, 2004 (Not April's Fools!!!) Breaking VISA News: http://www.pimpcafe.com/article2/art...p?article=1779 You can search Google News too, there are articles about it also. What will this mean?

04-01-2004, 10:01 AM	#2
High Quality Confirmed User Join Date: Feb 2002 Location: Vegas Posts: 5,741	It means nothing to me __________________ RecurCash.com - Averaging $38/sale with 60% revshare in the first 4 months alone! Convert your TEEN traffic today @ better than 1:500 guaranteed. ICQ me: 18287590!

04-01-2004, 10:03 AM	#3
TheSenator Too lazy to set a custom title Industry Role: Join Date: Feb 2003 Location: NJ Posts: 13,340	means nothing __________________ ISeekGirls.com since 2005

04-01-2004, 10:05 AM	#5
quiet we'll miss you our friend. RIP Industry Role: Join Date: Sep 2001 Location: Fernie, BC Posts: 25,115	weak __________________ we'll miss you our friend. RIP

04-01-2004, 10:07 AM	#8
psyko514 See sig. Join Epic Cash. Join Date: Oct 2002 Location: Montreal, Quebec. ICQ: 214702014 Posts: 22,366	Can anyone say "April Fool's"??? __________________ Bad Girl Bucks - 50% Revshare through CCBill. Promote BrandyDDD, Pixie's Pillows, Action Allie and more! Phoenix Forum Pics \| Webmaster Access Montreal pics email: psyko514(a)gmail.com \| icq: 214-702-014

04-01-2004, 10:06 AM	#7
chupacabra Confirmed User Join Date: Sep 2002 Posts: 3,626	i like how they mispelled the word "merchants" in that article, very pro..!

04-01-2004, 10:09 AM	#9
McVisa Registered User Join Date: Feb 2003 Posts: 38	haha, you people are too paranoid.

04-01-2004, 10:09 AM	#10
shogun3k Confirmed User Join Date: Mar 2004 Posts: 480	Don't believe anything today lol __________________

04-01-2004, 10:10 AM	#11
More Booze Confirmed User Join Date: Mar 2004 Posts: 5,116	Some other resource-page did this last year too.

04-01-2004, 10:14 AM	#13
mryellow Confirmed User Industry Role: Join Date: May 2001 Location: Australia Posts: 934	I don't see it on any other sites. Looks like someones gone to some effort to actually make a pretty decent april fools. Although it's not very scary.... Apart from the central database which FTC would probably frown on it's pretty much the kinda thing Visa would like to do. They don't know what percentage is friendly fraud, so in the meantime we pay the costs and they guess the percentage and adjust our total chargeback limit. -Ben __________________ Cyberwurx Hosting After trying 5 different hosts, I found the best. Since 1997 I've had 2 hours of downtime. Fast support, great techs, no hype, no gimmicks. <- I in no way endorse whatever just got stuck on the left of my post.

04-01-2004, 10:16 AM	#14
twistyneck So Fucking Banned Join Date: Jan 2002 Location: Hanging by the neck until dead. Posts: 4,660	When was the last time that anyone heard anything directly from Visa? Uh, that would be never.

04-01-2004, 10:40 AM	#15
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	So is that bullshit or not? __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

04-01-2004, 10:50 AM	#16
McVisa Registered User Join Date: Feb 2003 Posts: 38	the processors are silent... makes u wonder, eh?

04-01-2004, 10:52 AM	#17
body Confirmed User Industry Role: Join Date: Oct 2002 Posts: 5,016	Its no bullshit, major processor have a meeting today __________________ The Goddess Of Steps

04-01-2004, 11:38 AM	#18
Rand Industry Vet Industry Role: Join Date: Jan 2002 Location: Santa Monica, CA Posts: 2,663	It's total bull shit. April Fools. -Rand __________________ -- Rand Payment Industry - Communications - Quality Assurance

04-01-2004, 12:20 PM	#21
pornkitten Confirmed User Join Date: Dec 2003 Posts: 1,412	is this an april fools joke __________________ too lazy to find advertising for this sig space

04-01-2004, 12:31 PM	#23
tootie Confirmed User Join Date: Jun 2003 Location: Planet Earp Posts: 6,041	I don't know if this is an April Fool's joke or not, but I just got this from Verotel: ------------------------------------------------------------------------------- Dear XXXX XXXXXX, Verotel has an important update about an important subject: Verotel Pro and Verotel Ticketsclub. VEROTEL PRO WEBMASTERS, CHANGED IPSP REGULATIONS PER APRIL 1ST Starting April 1st 2004 VISA and MasterCard require that there is more transparency regarding larger merchants for which Verotel processes. End-users need to know which company they are dealing with when they are using their credit card on the Internet. This is good for your business and ours, as it will reduce the number of chargebacks and complaints. The solution is that larger merchants will need to show their company name on the descriptor portion of credit card statements. Currently the name 'VEROTEL' shows up on an enduser's credit card statement. Webmasters that process, on average, more than USD 1,000 a week, have been selected in February to become a VEROTEL PRO customer, and it is required that the webmaster's company name is shown on the descriptor. The affected webmasters have been notified by registered/courier mail and by e-mail. Please note that starting May 1st 2004, everybody can become a Verotel Pro customer, regardless of the amount of weekly processing volume. At that time there is a one time registration fee of USD 1,500.00 and an annual fee of USD 250.00. The current preselected group of Verotel Pro customers do not have to pay any one-time registration fee -and- their annual fee is waived until January 1st 2006. VEROTEL CUSTOMERS THAT ARE NOT SELECTED TO BECOME A VEROTEL PRO CUSTOMER WILL BE A VEROTEL TICKETSCLUB CUSTOMER STARTING APRIL 15TH. Starting April 15th 2004 Verotel wants to gain more control over its portfolio with merchants, processing for smaller websites. That's why Verotel introduces the Ticketsclub (www.ticketsclub.com) for all Verotel merchants, that have not been selected to become a Verotel Pro customer. With Ticketsclub, Verotel can actively monitor endusers that bought a subscription for your website, reducing the number of fraudulent transactions. All future Verotel Ticketsclub accounts stay free of charge. However, some restrictions will be introduced: - all members being subscribed to a Verotel Ticketsclub merchant website should login every time at www.ticketsclub.com. That means that that MEMBERS button link should be replaced on all Verotel Ticketsclub merchant websites. - all members being subscribed to a Verotel Ticketsclub merchant website are being monitored, each time they login to www.ticketsclub.com. The login information will be shared with all Verotel Ticketsclub merchants in the Verotel Control Center. - all websites, owned by a Verotel Ticketsclub merchant, should be described more detailed in a so called 'Website profile' by the Verotel Ticketsclub merchant. - for all credit card, US Check, and Direct Debit Europe transactions a non-negotiable fixed fee of 14.5% will be charged for all transactions. There is a 1.5% surcharge for recurring transactions. Please note that all previous discounts and surcharges will be cancelled for Verotel Ticketsclub customers starting April 15th. Please read the full story at: http://www.verotel.com/new_ipsp.html You can see on the first page of the Verotel Control Center if you are a selected Verotel Pro or a future Verotel Ticketsclub merchant. If you have any questions about our company policy regarding Verotel Pro and Verotel Ticketsclub, don't hestitate to email us at [email protected]. We thank you for your business and we hope that we both can increase our sales and security using these new rules and regulations. Kind regards, Verotel Management Amsterdam - Netherlands __________________

04-01-2004, 01:11 PM	#25
Calvinguy Confirmed User Join Date: Oct 2002 Location: European Union Posts: 1,752	It's true. Read all about it by following this link

04-01-2004, 02:03 PM	#26
Shoplifter Richest man in Babylon Industry Role: Join Date: Jan 2002 Location: Posts: 10,002 Posts: 5,742	The Verotel stuff is true but nothing new. The rest is BS.