Former iBill CEO gets stripped by VISA - GoFuckYourself.com

Giorgio_Xo · 07-19-2005, 10:58 AM

http://news.yahoo.com/s/ap/20050719/...t_cards_breach

BOSTON - Visa USA Inc. is cutting ties with the payment-processing company that left 40 million credit and debit card accounts vulnerable to hackers in one of the biggest breaches of consumer data security.

CardSystems Solutions Inc. "has not corrected, and cannot at this point correct, the failure to provide proper data security for Visa accounts," Rosetta Jones, a Visa vice president, said in a statement.

She said banks that issue Visa cards would have until Oct. 31 to cease having CardSystems process payments.

Representatives for Atlanta-based CardSystems did not immediately return calls seeking comment.

Visa's statement said that while CardSystems has taken some remediating actions since the breach was disclosed, those could not overcome the fact that CardSystems had inappropriately held on to data ? purportedly for "research purposes" ? in violation of Visa's security rules.

While information relating to 40 million accounts was laid bare in the CardSystems computer break-in, credit card companies have said a much smaller amount, at least 200,000, were known to be stolen, primarily MasterCard and Visa cards.

Spokeswomen for MasterCard International Inc., American Express Co. and Discover Financial Services Inc. did not immediately say whether they would take similar steps to ban CardSystems.

Privately held CardSystems, whose CEO is a former Visa executive, has 115 employees in Atlanta and Tucson, Ariz., where its system was hacked. Backed by such investors as Principal Financial Group Inc., CardSystems has been in business for more than 15 years and processes more than $15 billion in payments annually.

AdultX · 07-19-2005, 11:20 AM

Maybe i am missing something here, but what does this have to with IBLL??

Ycaza · 07-19-2005, 11:24 AM

Quote:

Originally Posted by AdultX

Maybe i am missing something here, but what does this have to with IBLL??

i was curious about that too?

Giorgio_Xo · 07-19-2005, 11:26 AM

Quote:

Originally Posted by AdultX

Maybe i am missing something here, but what does this have to with IBLL??

I said "Former" ... some of you people need Tala to whack you in the back of the head.

Relish XXX · 07-19-2005, 11:27 AM

New excuses when shit fucks up:

1) Technical gliche
2) It was Ibill

WhoGivesaShit · 07-19-2005, 11:29 AM

hire the handicapped, they are fun to watch!

AdultX · 07-19-2005, 11:31 AM

Quote:

Originally Posted by Giorgio_Xo

I said "Former" ... some of you people need Tala to whack you in the back of the head.

?? Where does it say in that article that someone was a "former" IBILL CEO?

MacDaddyPlaya · 07-19-2005, 11:33 AM

So they took down another solid company. Talk about the "Midas Touch". Great management group, one cluster fuck after the next. As the saying goes, "they could fuck up a wet dream."

I just feel bad for all the workers there who are going to have to pay the price.

3piece chicken Dinner · 07-19-2005, 11:37 AM

Quote:

Originally Posted by Relish XXX

New excuses when shit fucks up:

1) Technical gliche
2) It was Ibill

Can you get the official verbiage in word format for me so I might file them in the cabinet with Rouge Designer, Rouge Ex-employee, and simple human error???

BigWebRev · 07-19-2005, 12:13 PM

couldn't have happened to a nicer guy....

I wonder how he will handle himself when he has to testify in Washington...

acratophorum · 07-19-2005, 12:17 PM

Quote:

Originally Posted by Giorgio_Xo

http://news.yahoo.com/s/ap/20050719/...t_cards_breach

BOSTON - Visa USA Inc. is cutting ties with the payment-processing company that left 40 million credit and debit card accounts vulnerable to hackers in one of the biggest breaches of consumer data security.

CardSystems Solutions Inc. "has not corrected, and cannot at this point correct, the failure to provide proper data security for Visa accounts," Rosetta Jones, a Visa vice president, said in a statement.

She said banks that issue Visa cards would have until Oct. 31 to cease having CardSystems process payments.

Representatives for Atlanta-based CardSystems did not immediately return calls seeking comment.

Visa's statement said that while CardSystems has taken some remediating actions since the breach was disclosed, those could not overcome the fact that CardSystems had inappropriately held on to data ? purportedly for "research purposes" ? in violation of Visa's security rules.

While information relating to 40 million accounts was laid bare in the CardSystems computer break-in, credit card companies have said a much smaller amount, at least 200,000, were known to be stolen, primarily MasterCard and Visa cards.

Spokeswomen for MasterCard International Inc., American Express Co. and Discover Financial Services Inc. did not immediately say whether they would take similar steps to ban CardSystems.

Privately held CardSystems, whose CEO is a former Visa executive, has 115 employees in Atlanta and Tucson, Ariz., where its system was hacked. Backed by such investors as Principal Financial Group Inc., CardSystems has been in business for more than 15 years and processes more than $15 billion in payments annually.

$15 billion? Dang, that's a lot of cake. I wonder how that stacks up to some of the adult IPSPs...

llporter · 07-19-2005, 12:19 PM

Good the bastard gets what he deserves

webhoward · 07-19-2005, 12:52 PM

I wonder what that schmuck puts in his resumes that keeps on getting him hired.
Human Wrecking Ball for Hire??
The King Midas of Shit- let me destroy your company today.
You think your company is worthless now?? You ain't seen nothin'
Just when you thought things couldn't gey any worse....here's John Perry.
John Perry- The Quicker Fucker Upper!!
WOW!!
Well, I hear that The corner adult book store is looking for a booth cleaner. How could he possibly fuck that up?

Giorgio_Xo · 07-19-2005, 12:54 PM

Quote:

Originally Posted by AdultX

?? Where does it say in that article that someone was a "former" IBILL CEO?

The title of the thread!

webhoward · 07-19-2005, 12:55 PM

He was the CEO of iBill when Intercept bought them.

MacDaddyPlaya · 07-19-2005, 12:56 PM

Quote:

Originally Posted by webhoward

I wonder what that schmuck puts in his resumes that keeps on getting him hired.
Human Wrecking Ball for Hire??
The King Midas of Shit- let me destroy your company today.
You think your company is worthless now?? You ain't seen nothin'
Just when you thought things couldn't gey any worse....here's John Perry.
John Perry- The Quicker Fucker Upper!!
WOW!!
Well, I hear that The corner adult book store is looking for a booth cleaner. How could he possibly fuck that up?

LMAO! God I love you brother!

AsianDivaGirlsWebDude · 07-19-2005, 12:57 PM

Quote:

Originally Posted by webhoward

I wonder what that schmuck puts in his resumes that keeps on getting him hired.
Human Wrecking Ball for Hire??
The King Midas of Shit- let me destroy your company today.
You think your company is worthless now?? You ain't seen nothin'
Just when you thought things couldn't gey any worse....here's John Perry.
John Perry- The Quicker Fucker Upper!!
WOW!!
Well, I hear that The corner adult book store is looking for a booth cleaner. How could he possibly fuck that up?

ADG Webmaster

Radik · 07-19-2005, 12:57 PM

rofl.. oh well atleast i don't lose money this time.

BillyHoe · 07-19-2005, 01:00 PM

Quote:

Originally Posted by webhoward

I wonder what that schmuck puts in his resumes that keeps on getting him hired.
Human Wrecking Ball for Hire??
The King Midas of Shit- let me destroy your company today.
You think your company is worthless now?? You ain't seen nothin'
Just when you thought things couldn't gey any worse....here's John Perry.
John Perry- The Quicker Fucker Upper!!
WOW!!
Well, I hear that The corner adult book store is looking for a booth cleaner. How could he possibly fuck that up?

webhoward · 07-19-2005, 01:03 PM

Perry is supposedly going to appear before Congress over this. Maybe Bush will appoint him while he is there?

Nad · 07-19-2005, 01:07 PM

this is what I don't understand.. the fucker destroys two companies... yet he has made more money in the process than most people on this board will ever make.. what the fuck is wrong with corp america? just baffling! and you know that someone is going to hire his slack ass again and destroy yet another organization

ivet · 07-19-2005, 01:13 PM

Quote:

Originally Posted by Nad

this is what I don't understand.. the fucker destroys two companies... yet he has made more money in the process than most people on this board will ever make.. what the fuck is wrong with corp america? just baffling! and you know that someone is going to hire his slack ass again and destroy yet another organization

If only it were two companies. I think it is 4 and counting. Before he fucked iBill up he destroyed Realestate.com which went bankrupt. Before that it was Nova. I will never forget the conference call with ibill's clients when asked if he was going to continue doing business with adult clients. His answer was "I don't think we have a choice." Absolute moron...

Cogitator · 07-19-2005, 01:25 PM

John Perry is the CEO of CardSystems, and ex CEO of iBill.

KingK7 · 07-19-2005, 01:38 PM

Quote:

Originally Posted by webhoward

I wonder what that schmuck puts in his resumes that keeps on getting him hired.
Human Wrecking Ball for Hire??
The King Midas of Shit- let me destroy your company today.
You think your company is worthless now?? You ain't seen nothin'
Just when you thought things couldn't gey any worse....here's John Perry.
John Perry- The Quicker Fucker Upper!!
WOW!!
Well, I hear that The corner adult book store is looking for a booth cleaner. How could he possibly fuck that up?

Hahaha thats fucking funny!

MacDaddyPlaya · 07-19-2005, 01:41 PM

Quote:

Originally Posted by webhoward

Perry is supposedly going to appear before Congress over this. Maybe Bush will appoint him while he is there?

Too fuckin funny Howard!
He would fit right in though.

MacDaddyPlaya · 07-19-2005, 01:50 PM

By the way...AMEX dumped them too

Mr.Fiction · 07-20-2005, 02:19 PM

Quote:

Originally Posted by MacDaddyPlaya

By the way...AMEX dumped them too

American Express said Tuesday that it would soon end its relationship with CardSystems Solutions, the small payment processor at the center of perhaps the credit card industry's biggest data breach.

MasterCard International, meanwhile, said that it would continue to allow its cardholders' data to be handled by CardSystems provided security was upgraded. "As of today, we are not aware of any deficiencies in its systems that are incapable of being remediated," MasterCard said in a statement.

http://news.com.com/American+Express...3-5795679.html

Manowar · 07-20-2005, 02:21 PM

Quote:

Originally Posted by Cogitator

John Perry is the CEO of CardSystems, and ex CEO of iBill.

yup

Dirty-Dough · 07-20-2005, 02:41 PM

Finally... Some justice...

pornguy · 07-20-2005, 02:45 PM

I guess that I missed that part as well. Maybe I dont kow enough of the names.

DatingGold · 07-20-2005, 02:53 PM

Quote:

Originally Posted by Relish XXX

New excuses when shit fucks up:

1) Technical gliche
2) It was Ibill

lol thats funny

07-19-2005, 10:58 AM	#1
Giorgio_Xo Confirmed User Join Date: Mar 2003 Location: Las Vegas, NV Posts: 4,263	Former iBill CEO gets stripped by VISA http://news.yahoo.com/s/ap/20050719/...t_cards_breach BOSTON - Visa USA Inc. is cutting ties with the payment-processing company that left 40 million credit and debit card accounts vulnerable to hackers in one of the biggest breaches of consumer data security. CardSystems Solutions Inc. "has not corrected, and cannot at this point correct, the failure to provide proper data security for Visa accounts," Rosetta Jones, a Visa vice president, said in a statement. She said banks that issue Visa cards would have until Oct. 31 to cease having CardSystems process payments. Representatives for Atlanta-based CardSystems did not immediately return calls seeking comment. Visa's statement said that while CardSystems has taken some remediating actions since the breach was disclosed, those could not overcome the fact that CardSystems had inappropriately held on to data ? purportedly for "research purposes" ? in violation of Visa's security rules. While information relating to 40 million accounts was laid bare in the CardSystems computer break-in, credit card companies have said a much smaller amount, at least 200,000, were known to be stolen, primarily MasterCard and Visa cards. Spokeswomen for MasterCard International Inc., American Express Co. and Discover Financial Services Inc. did not immediately say whether they would take similar steps to ban CardSystems. Privately held CardSystems, whose CEO is a former Visa executive, has 115 employees in Atlanta and Tucson, Ariz., where its system was hacked. Backed by such investors as Principal Financial Group Inc., CardSystems has been in business for more than 15 years and processes more than $15 billion in payments annually. __________________ Make Levees, Not War

07-19-2005, 11:20 AM	#2
AdultX Confirmed User Join Date: Jun 2003 Location: South Florida Posts: 689	Maybe i am missing something here, but what does this have to with IBLL?? __________________ VisualXcitement.com - Adult Web, Graphic, & Print Design AdultXModels.com - the Premier Talent Site For the Adult Industry TheFetishGrid.com - the Ultimate Fetish Ad Portal

07-19-2005, 11:27 AM	#5
Relish XXX Confirmed User Join Date: Dec 2004 Location: www.adultlabel.com Posts: 4,904	New excuses when shit fucks up: 1) Technical gliche 2) It was Ibill __________________

07-19-2005, 11:33 AM	#8
MacDaddyPlaya Confirmed User Join Date: Nov 2004 Location: Just north of Cuba Posts: 1,785	So they took down another solid company. Talk about the "Midas Touch". Great management group, one cluster fuck after the next. As the saying goes, "they could fuck up a wet dream." I just feel bad for all the workers there who are going to have to pay the price. __________________ Sigless

07-19-2005, 12:57 PM	#18
Radik Confirmed User Join Date: Sep 2003 Location: Vancouver ICQ: 3588423 Posts: 808	rofl.. oh well atleast i don't lose money this time. __________________ 100% Exclusive, Check Us Out!

07-19-2005, 11:29 AM	#6
WhoGivesaShit Confirmed User Join Date: Sep 2004 Posts: 307	hire the handicapped, they are fun to watch!

07-19-2005, 12:13 PM	#10
BigWebRev Confirmed User Join Date: Aug 2004 Location: L A Posts: 1,631	couldn't have happened to a nicer guy.... I wonder how he will handle himself when he has to testify in Washington...

07-19-2005, 12:19 PM	#12
llporter Confirmed User Join Date: Jul 2005 Location: Boston Posts: 3,221	Good the bastard gets what he deserves

07-19-2005, 12:52 PM	#13
webhoward Registered User Join Date: Jun 2005 Posts: 59	I wonder what that schmuck puts in his resumes that keeps on getting him hired. Human Wrecking Ball for Hire?? The King Midas of Shit- let me destroy your company today. You think your company is worthless now?? You ain't seen nothin' Just when you thought things couldn't gey any worse....here's John Perry. John Perry- The Quicker Fucker Upper!! WOW!! Well, I hear that The corner adult book store is looking for a booth cleaner. How could he possibly fuck that up?

07-19-2005, 12:55 PM	#15
webhoward Registered User Join Date: Jun 2005 Posts: 59	He was the CEO of iBill when Intercept bought them.

07-19-2005, 01:03 PM	#20
webhoward Registered User Join Date: Jun 2005 Posts: 59	Perry is supposedly going to appear before Congress over this. Maybe Bush will appoint him while he is there?

07-19-2005, 01:07 PM	#21
Nad Confirmed User Join Date: Feb 2003 Posts: 503	this is what I don't understand.. the fucker destroys two companies... yet he has made more money in the process than most people on this board will ever make.. what the fuck is wrong with corp america? just baffling! and you know that someone is going to hire his slack ass again and destroy yet another organization __________________ Racecar spelled backwards is Racecar! A MAN A PLAN A CANAL PANAMA 202740086

07-19-2005, 01:25 PM	#23
Cogitator Confirmed User Join Date: Feb 2002 Location: Florida Posts: 672	John Perry is the CEO of CardSystems, and ex CEO of iBill. __________________ - this space intentionally left blank -

07-19-2005, 01:50 PM	#26
MacDaddyPlaya Confirmed User Join Date: Nov 2004 Location: Just north of Cuba Posts: 1,785	By the way...AMEX dumped them too __________________ Sigless

07-20-2005, 02:41 PM	#29
Dirty-Dough Confirmed User Join Date: Dec 2004 Posts: 496	Finally... Some justice...

07-20-2005, 02:45 PM	#30
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I guess that I missed that part as well. Maybe I dont kow enough of the names. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!