PSW E-Mail this morning
 

Notice from PSW Billing to Clients
RE: Current Updates and Changes

PSW Updates & Changes

In light of recent announcements from various IPSPs, we want to thank you for your continued support as all of us push through the latest wave of regulations set forth by the card associations and our acquiring banks. Here we wish to be as forthcoming as possible with our status since, as you may know, many circumstances can arise at a moment's notice.

PSW is healthy and running at full speed, processing transactions, providing the services and support you've come to expect. However, there are a few updates we felt we should bring to your immediate attention.

1. We have been in a constant state of negotiation over the past few months, successfully addressing various aspects of the IPSP/bank relationship. However, in an effort to increase reserves to an excessive level, our acquiring banks have chosen to withhold funds, therefore causing a brief delay of payouts to our clients. We want to be clear that the funds exist, will be released, and that we will be working diligently through the course to remit all appropriate funds to you. Thankfully, no fines have been appropriated, nor will clients funds be used for any other purpose. Please note that the exact time frame payouts will be released is currently being determined and all clients will be notified in a follow up email notice in the coming days. This temporary situation will be resolved as quickly as possible.

2. We are excited to be establishing new international banking relationships to create a better playing field for our European clients. That said, while US clients will experience no interruption in service, EU clients may notice periods of downtime while we solidify our new settlement channel.

As always, we will keep you updated if and when any new circumstances arise and apologize for any inconvenience this may cause. Our staff will be available to address any individual questions or concerns at our booth at Internext this weekend in Hollywood, FL or at our offices Monday 4th.

We want all of our clients to know that we at PSW are working hard to comply with all new card association regulations and changes in the industry with both our stability and our clients business interests in mind. We encourage our clients to contact us directly with any questions or concerns.



Thank you for your patience and for your business.

The Staff of PSW Billing

Hey,

There's another (informative) thread about this: http://www.gofuckyourself.com/showth...hreadid=159106

The others said the same shit, were are they now?

greentea/escortbiz: "bs" and "lube"

Yes yes, the bs was addressed in this thread and some additional comments can be found in this one.

hey steffie, i would like to ask you some questions on verotel? It seems to me you know your shit, so please get back to me. Thanks, KING ARTHUR