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IBill Says It?s Still in Visa?s "Risk" Program!
NEW YORK ? Penthouse International Inc.?s iBill division said that it hasn?t been released from Visa U.S.A.?s risk identification service (RIS), which adds $1.2 million annually in costs to its business. IBill said last month it had been notified by its processing bank and San Francisco-based Visa that it was the first Internet payment service provider to be released from the program that targets ?high risk? merchants. Full Story...
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Wow, some info there I hadn't heard. Doesn't sound like things are going any better for InterCept, either.
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""The Justice Department is investigating iBill in an antitrust probe along with two other large adult processors. The probe is seeking to determine whether the two competing online adult payment providers, as well as iBill, collaborated to set fees and if so, whether practices are anti-competitive. """
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oh oh ...
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I will go without comment on this one:helpme
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Didn't want to scare anybody here. That's just a press.
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