CAL bank (Isreal) stops processing most ecommerce transactions

Its time to get phone billing alongside credit card billing incase it does all go pear shaped

cards getting banged harder than tiger's suv.

that's a serious softball of a question...

gonna be real interesting to see how this all shakes out, to say the least

Isreal is not a proper country for web based business because of bank monopoly (they have 5 major banks, all are national), and high tax rates. I realized that after living there for 3 years, so I moved.

This shit was obvious a long time ago. Years ago.

The pieces were all there, no one bothered to connect the dots though.

Dont worry, they already had new billing set up a month ago. Like monkeys swinging on the vines...

Yea, his name rhymes with "Flea." I heard the same thing. One guy pretty much crippled the entire thing. Insane if you think about it.

i am very affected

http://launderingmoney.blogspot.com/...aundering.html

Bank of Israel in money laundering audit at Cal Credit Card Services


By Eran Peer

The central bank is believed to be unhappy with Cal's activity in clearing payments at gambling and pornography sites. The Bank of Israel is carrying out a money laundering audit at Cal (Israel Credit Cards Ltd.), managed by Boaz Chechik. Cal is Israel's second largest credit card company. It issues Visa and Diners cards, and is owned by Israel Discount Bank (TASE: DSCT) (71.8%) and First International Bank of Israel (TASE: FTIN1;FTIN5) (28.2%).
The audit will examine, among other things, the clearing of electronic commerce of overseas Internet sites by subsidiary Cal Properties,. The overseas activity, which includes clearance for gambling and soft pornography sites, contributed NIS 92 million to the company's revenue, or 12% of the total. Because of the nature of the activity, the profit margin is very high, and the contribution to profit was NIS 40 million, 24% of the total net profit.

Sources in the banking system said that the audit at Cal was designed to send a message to the company from the Bank of Israel, and pointed to the "reputation risk" that arises from this kind of activity. It is believed that the Bank of Israel is unhappy at Cal's involvement in clearing payments at gambling and pornography sites, and would prefer it not to engage in it.

In response, Cal said, "This is a routine audit that will take several months. The audit is examining processes and procedures, and overseas activity. All Cal International's activity has received the Bank of Israel's approval and blessing."

Fuck it... I can get $50 PPS by sending sales to the very companies that will get all the adult banks shut down. Piss on you guys, I'm gonna get paid.

i get about $45.

I heard the same thing.

Gasp!!!!!!!!!!!!!

d is for destruction.

This what happens when you bang cards?