CAL bank (Isreal) stops processing most ecommerce transactions

[VirtualAdultAgent]

Shap touched on this a few days ago in one of his threads, and it just happened, but CAL, one of the few banks that still aquire for high risk internet sales, had notified many of their merchants that they can no longer process for them. something like half a billion porn transactions a year that they can no longer settle

lots of people in this industry have/had merchant accounts at cal. huge programs running on their own merchant accounts, processors, merchant account providers

Huge news, you can imagine how many people are scrambling right now to find a place to process their cards

[jcsike]

Originally Posted by VirtualAdultAgent

merchant account providers

netbilling?

[Agent 488]

mossad front company.

[PornoStar69]

Originally Posted by Agent 488

mossad front company.

fucking right there Agent488, them fucks helped in the 9/11 terrorist (inside job) attack.

Fuck you Mossad, you fucking cunts.

[AtlantisCash]

sad news i hope we can always find a place to process...

[american pervert]

i posted something about this before and was told by 12clicks i had no idea what i was talking about.

[xNetworx]

Originally Posted by PornoStar69

fucking right there Agent488, them fucks helped in the 9/11 terrorist (inside job) attack.

This guy agrees with you

[american pervert]

http://www.gfy.com/showthread.php?t=939620

https://gfy.com/16563362-post62.html

[WiredGuy]

Any major IPSP's here affected by this?
WG

[Tango]

This whole thing is deeper than anyone here knows, its going to get very messy very soon.

[mattyboy]

Originally Posted by Tango

This whole thing is deeper than anyone here knows, its going to get very messy very soon.

[Johnny come lately]

Originally Posted by jcsike

netbilling?

Payprin will take em

[After Shock Media]

Originally Posted by WiredGuy

Any major IPSP's here affected by this?
WG

Insert cricket noises and an owl.

[count of monte cristo]

Originally Posted by Tango

This whole thing is deeper than anyone here knows, its going to get very messy very soon.

please, tell more

[xxxjay]

Originally Posted by american pervert

i posted something about this before and was told by 12clicks i had no idea what i was talking about.

Yep, I had a meeting with a guy who does banking for 30 different programs, 60 corps - I knew this was coming.

He also had some serious dirt on one of the other gateways (not netbilling).

I heard it was one guy who pretty much blew this up.

Can you guess who it is?

[halfpint]

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

[Agent 488]

cards getting banged harder than tiger's suv.

[wiggitywack]

Originally Posted by xxxjay

Yep, I had a meeting with a guy who does banking for 30 different programs, 60 corps - I knew this was coming.

He also had some serious dirt on one of the other gateways (not netbilling).

I heard it was one guy who pretty much blew this up.

Can you guess who it is?

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

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

[rvn]

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.

[tical]

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

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

[Les Grossman]

Originally Posted by VirtualAdultAgent

Huge news, you can imagine how many people are scrambling right now to find a place to process their cards

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

[Les Grossman]

Originally Posted by xxxjay

Yep, I had a meeting with a guy who does banking for 30 different programs, 60 corps - I knew this was coming.

He also had some serious dirt on one of the other gateways (not netbilling).

I heard it was one guy who pretty much blew this up.

Can you guess who it is?

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.

[katharos]

i am very affected

[Agent 488]

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."

[Les Grossman]

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.

[Agent 488]

i get about $45.

[fuzebox]

Originally Posted by xxxjay

I heard it was one guy who pretty much blew this up.

I heard the same thing.

[Les Grossman]

Originally Posted by fuzebox

I heard the same thing.

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

[Agent 488]

d is for destruction.

[V_RocKs]

This what happens when you bang cards?

[tical]

This sucks for revshare affils

[madawgz]

yeah its fucked up :\

[american pervert]

Originally Posted by xxxjay

Yep, I had a meeting with a guy who does banking for 30 different programs, 60 corps - I knew this was coming.

He also had some serious dirt on one of the other gateways (not netbilling).

I heard it was one guy who pretty much blew this up.

Can you guess who it is?

im gonna guess he likes to wear sunglasses inside night clubs in vegas and looks like a douche

[The Duck]

Originally Posted by Agent 488

mossad front company.

[12clicks]

Originally Posted by VirtualAdultAgent

Shap touched on this a few days ago in one of his threads, and it just happened, but CAL, one of the few banks that still aquire for high risk internet sales, had notified many of their merchants that they can no longer process for them. something like half a billion porn transactions a year that they can no longer settle

lots of people in this industry have/had merchant accounts at cal. huge programs running on their own merchant accounts, processors, merchant account providers

Huge news, you can imagine how many people are scrambling right now to find a place to process their cards

In other breaking news, Neil Armstrong lands on moon.

[12clicks]

Originally Posted by american pervert

i posted something about this before and was told by 12clicks i had no idea what i was talking about.

here's what you posted, shit stain:

Originally Posted by american pervert

I would worry more about Paygea and ICC-CAL ruining it for everyone than anything else.

and this:

Originally Posted by american pervert

well, this bill will most likely not pass so I would still worry about losing the ability to process visa cards.

so yes, you don't know what you are talking about.
the ability to process visa cards will not change. bad banks come and bad banks go.

your method of picking up crumbs of information and then shouting about the slice of inaccurate bread you've created doesn't always work out.

[american pervert]

Originally Posted by 12clicks

here's what you posted, shit stain:


and this:



so yes, you don't know what you are talking about.
the ability to process visa cards will not change. bad banks come and bad banks go.

your method of picking up crumbs of information and then shouting about the slice of inaccurate bread you've created doesn't always work out.

well, looks like ical wont be processing adult. so im right ppl are fucked

[american pervert]

Originally Posted by 12clicks

shit stain:

the name calling is very endearing.. stay classy as you wipe the jizz off your chin

[wiggitywack]

so whats next? a few predictable scenarios:

1) the shit starts running downhill, more programs shut down, affiliates get screwed

2) the same bad apples who caused this have set up banking someplace else and have put the wheels in motion to possibly take another bank down?

[american pervert]

Originally Posted by wiggitywack

so whats next? a few predictable scenarios:

1) the shit starts running downhill, more programs shut down, affiliates get screwed

2) the same bad apples who caused this have set up banking someplace else and have put the wheels in motion to possibly take another bank down?

#2- Paygea/Optimal Payments, same shit different name

http://www.gfy.com/showthread.php?t=939620

[12clicks]

Originally Posted by american pervert

well, looks like ical wont be processing adult. so im right ppl are fucked

well if you want to pretend thats what you said, I guess we can pretend you're right too.

[american pervert]

Originally Posted by 12clicks

well if you want to pretend thats what you said, I guess we can pretend you're right too.

did you see the thread i posted about paygea? why dont you comment about that?

[SleazyDream]

Originally Posted by 12clicks

well if you want to pretend thats what you said, I guess we can pretend you're right too.

[american pervert]

Originally Posted by SleazyDream

i said ical/paygea is gonna ruin it for everyone..

it's slowly starting to happen

laff it up!

[Slappin Fish]

Originally Posted by 12clicks

well if you want to pretend thats what you said, I guess we can pretend you're right too.

He doesn't need to pretend, that is exactly what he said

[12clicks]

Originally Posted by american pervert

did you see the thread i posted about paygea? why dont you comment about that?

I didn't use them. I didn't use ibill, I didn't use any number of other failed processors.
since most GFYers will tell you I'm an idiot, I must just be very lucky.

[american pervert]

Originally Posted by 12clicks

I didn't use them. I didn't use ibill, I didn't use any number of other failed processors.
since most GFYers will tell you I'm an idiot, I must just be very lucky.

i dont care what most ppl say. i posted facts and you said im in the wrong

i said to worry about visa b/c of ical/paygea.. keep stealing from the cookie jar and the cookie jar will get taken away sooner or later, you really think visa needs the headache porn causes???

[12clicks]

Originally Posted by american pervert

i dont care what most ppl say. i posted facts and you said im in the wrong

I quoted what you said, please point to those quotes and point out the facts. cut and paste, please. not a rewrite of what isn't there.

[gleem]

why won't my parakeet eat my bloody diarrhea ??

[SiMpLe]

hmmmmmmmm