| Rodrigo-Ibills |
12-01-2005 12:01 AM |
Here is some company information for new clients
Company
iBill (Internet Billing Company, LLC.) is the premier provider of turnkey e-commerce solutions for leading businesses around the world. Recently acquired by Interactive Brand Development (OTCBB: IBDI), iBill is focused on enabling businesses to market and sell their products over the Internet, including online subscriptions. iBill also manages all back-office functions including reporting, tracking, and customer service. Its products are powered by technology that integrates online payment processing, fraud control, affiliate management and financial reporting and tracking.
Since its inception, iBill has successfully processed over $2.0 billion in online subscriptions representing tens of millions of consumer transactions. Thousands of iBill clients have demonstrated that the Internet is an efficient sales distribution channel for products, services, and content. iBill has been cash flow positive for the past five years, and has positioned itself as one of the more profitable e-commerce business models born from the dot-com era.
Industry Overview
In 2004, Forrester research predicts North America, Asia-Pac, and Europe to realize $6.6 trillion in ecommerce transactions. As consumers pay for more products and services online, convenience and security will emerge as primary concerns. For merchants, reliability, affordability, and breadth of service offerings will be key factors in determining who will gain favor among the many players in the online merchant services business.
History
In 1986, iBill's predecessor, Logicom, Inc., was established in Fort Lauderdale, Florida. For the next ten years the company developed payment solutions in conjunction with telephone billing systems and the Internet. In 1997, iBill transaction processing was unveiled, providing the secure high-performance infrastructure that enables websites to submit credit card charges to an authorization network and manage back-office functions. The company continued to grow - establishing itself as the only profitable company in the e-commerce space, setting sales records, enhancing services and expanding e-commerce solutions.
In April of 2002, Intercept, Inc (NASDQ: ICPT), acquired iBill for $112 million in cash. In March of 2004, InterCept sold iBill as part of their plan to exit credit card processing. iBill was acquired by new Investors which included Penthouse International and backing from a large US insurance company. Since the acquisition, iBill has rededicated itself to supporting the growth of its clients
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