I'm sure we all second that motion.

Well said, I am quite surprised how many programs do not have backups or cascade billing. I could never put all my eggs in one basket like that to have it all gone one day.

Mark

I'm in the process of setting up my business there... Great country! :thumbsup

All I know is that they are publicly traded, and virtually impossible for them to go under without significant advanced warning.....

Which has little to do with the ability or inability to process transactions.

Things still look hopeful though if Mark is to be believed so wanna add another best of luck for tomorrow. Last thing anyone needs is another processor going down.

good to see epoch and ccbill have the integrity not to slam their competator. not many industries have that

I agree. It caught me by surprise.

First Data is obviously in breach of their agreement. I'll be damned if I EVER process any of my mainstream business through a First Data IMA.

I have all the faith in the world in iBill!
They Take a Lickin' & Keep on Tickin' :)

Yeah that is awesome and very professional and shows what kind of companies they really are. :)

Mark

The bank itself is in Utah but main offices are out of New York. We have several merchants placed there.

We would like to wish Ibill luck fighting First Data and securing their new merchant account. First Data has been playing games with them and other merchants too long and are certainky trying to strong-arm this industry.

Mitch

So why don't Ibill payout their clients money? Is your backup plan to steal as much as possible if this turns down for you?

Back online after a 6 hr break...I see nothing much has changed.

Rick: We both do our homework. Admit it.

Dawgy: If your seeing strong joins past the 17th, your in luck because those are real transactions and not stand in processing. Stand In processing ended on Friday when the Judge granted a TRO to iBill. To iBill's credit I can say that the throughput we have seen with them this past year has been just GREAT. I hate telling folks about it because it makes me think everyone will pile in and screw it all up for those of us already here.

On the matter of the TRO, I find it unlikely that iBill will have the TRO lifted tommorrow. Judges are very hesitant to lift injunctions when one party would suffer tremendously and the other party would hardly suffer at all if the injunction were left in place and the matter resolved by the fact finding and negotiation process of discovery, interrogatories and possibly trial. This is especially true in cases where there is even a hint to the judge that there are serious issues in dispute and the case is not a clear cut winner for the party seeking to have the TRO removed. I believe iBill has documentation that was presented to the Judge in the matter that bolsters their argument that FDR was in agreement to allow processing through Nov 15th. In this specific case iBill would be devastated if FDR pulled all processing whereas to leave the processing in place for a few more weeks is not likely to damage FDR at all. If they lose this I would be very surprised.

My last comment here before I crash is probably going to rub folks the wrong way but wtf---its the truth . Paycom and CCBill are on the boards making supportive statements to iBill but anyone who thinks they arent licking their chops and manuevering behind the scenes through instant messaging and phonecalls to stir the fear and get more business is naive. Its happening, but they arent stupid enough to do it here.

Did you not get your wire? I would wait until tomorrow to see if it comes and then go berserk if it doesn't.

Have you received yours?

Best of luck to iBill. I hope things go in their favor. Rick, as always you are a wealth of information. scoreman, thanks for digging that up also. It is nice to see other billing companies post and let everyone know how things stand with them.

Now this is what I call a quality thread! It's more than clear CCbill and Epoch are true professionals answering and clearing things up, and even wishing Ibill good luck!

:thumbsup

No.

well duuuuuuu, it's the class shown here that's impressive though

Nice to see that Epoch and CCBill are not taking this thread and turning it into an advertisement for their own companies. When a major player in this industry is having problems, it is important for all of us to keep them up and going. If they fail, the George Bush and Conservative Christian types get to thinking they should see us all go. I don't know about you, but I like money. I have been making a damn good living from this business and I'd hate to have to go back to a real job again.

Good luck Ibill.

100 fools spreading rumors about iBIll.

Good luck for tomorrow iBill.

Is Wednesday normally a wire day?

guess the little birdy that told me yesterday was right

Are you kidding? You think just because they are publicly traded that means something? Wanna buy some old Enron shares? Just because something is publicly traded, doesn't mean it's a viable company.

BTW,
Ticker IBD (who PHSL pawned iBill off on, but not really since they maintain ownership in the deal)
The trading of this security has been Halted by the exchange.

Yes. It's mostly class and PART politics.

No company would look good kicking another company while they're down.

If me and a girlfriend broke up, it would make me look like an asshole to try to make a fool out of her after the fact. It would be better for me to take the high road and be civil about the whole thing. Why? Because if I don't act like an asshole and take the high road, maybe the girls FRIENDS would take an interest in me and give me a little punani on the rebound.

How poetic coming from a guy whose status reads as
"The Bitch Left Me "
All true though.

you guys are a class act :thumbsup

:thumbsup :1orglaugh :1orglaugh

Oficially it's the 4th and 19th for EU clients but it's rare that they actual pay that day

I'm curious to know the U.S. payout schedule. It appears that the E.U. may not be as affected by all this, unless of course they go completely belly up.

Anyone know what happened in court today? When will we know more?

From the CMI:

Check Date Pay Date
Reserve Payout 8/31/04 8/31/04
US Semi-Monthly 9/1/04 9/1/04
EU Semi-Monthly 9/5/04 9/8/04
US Revshare 9/8/04 9/9/04
US Monthly & Semi-Monthly 9/15/04 9/15/04
EU Monthly & Semi-Monthly 9/19/04 9/21/04
US Revshare 9/22/04 9/22/04
US Catalog 9/26/04 9/28/04
US Partner 9/27/04 9/29/04
Reserve Payout 9/30/04 9/30/04

"Checkdate" is the official payoutdate. "Paydate" is the actual payout date

They will post a message at CMI soon regarding late payouts for EU clients (I called them)

Last thing I heard is that they are not done yet. They are still in court.

I also doubt this is going to go bad for ibill. There is no real harm done to the bank if they are made to keep ibill until they are fully moved to the new bank.

If their meeting was at 9:30 it could take all day if not longer. It's a pretty important decision and I'm sure both sides brought heavy defenses.

little birdie was right...shit did hit the fan today

http://www.avn.com/index.php?%20Prim...tent_ID=192798