The VISA you're in adult so you're fucked program
 

January 30, 2004

VISA RIS Announcement

Dear Client,

As part of our continuing effort to keep our merchants informed about Card Association programs and regulations, we would like to update you on Visa?s RIS program.

Visa operates the Risk Identification Service Program or RIS, a monitoring program that records and tracks potentially fraudulent transactions reported to these systems by card issuers. Visa sets activity parameters for merchants and their acquiring banks. Unacceptable fraud levels at merchant locations or acquirers due to merchant activity are penalized by the card associations. These programs have existed in association regulations for some time, but are only now being aggressively enforced.

It is important to remember that, in accordance with your iBill processing agreement, penalties assessed by the card associations for violations are passed along to clients contributing to those violations.

Merchants in violation will receive proper notification of any penalties and an itemization of transactions contributing to fraud and the resulting penalties. You should be aware that the card associations do not readily report potential fraud transactions to acquirers in the same manner as chargebacks. It is important to note that information pertaining to fraudulent transactions will only be available once a violation is committed. Therefore, it is urged that clients be mindful of reducing their use of marketing techniques that, although legal, may contribute to an increased number of potentially fraudulent transactions.

We will soon be providing more detailed information on the RIS program, as well as how you can avoid being subject to fines under the program on iBill.com. You will be notified when that information is available. Please feel free to contact your customer service representative at [email protected] if you have any questions.

Sincerely,

iBill

what does this mean in laymens terms please?

IMO anything they deem as a fraud "attempt" they can fine you.

ibill...always leading the way in fucking webmasters before the others can do it

rest assured the others will follow if they last as long as Ibill.

Lancelot, WebsiteBilling and Globil are way ahead of iBill.

heh

The IPSP's just comply with the regulations that the card associations lay down -- it's part of their agreements to do business with them.

I'm not sure how this is a case of "ibill fucking over webmasters again"

I think its the opposite - Ibill is trying to stay ahead of the game and give you a heads up that there are more rules ahead from the card associations.

I dont disagree.. I'm not saying Ibill is at fault.

this doesnt even make any sense.....wtf???

Your reserves will be withheld for another month.

What they are saying in that notice is that websites that lie, cheat and scam will be fined even when their lying, cheating and scamming is legal.

This is no threat, just don't lie, cheat and scam.

For example: 3 day free trials that have to be canceled in 48 hours is lying, cheating and scamming; but nothing illegal here because the surfer still has access for three days for free.