iBill just sent this email out... PEEP THIS SHIT !!!
 

from [email protected] *Visa - MasterCard Regulations*

Dear iBill Client,

I would like to update you on several new Visa and MasterCard regulations
that will affect the way iBill and all other Internet Payment Service
Providers (IPSP) and their clients conduct business. Both credit card
associations now will require a unique set of operating guidelines that must
be implemented by November 1st. Under new rules adopted by Visa, iBill will
be considered an IPSP that provides services to Sponsored Merchants (iBill
clients). In contrast, MasterCard will consider iBill the merchant that
supplies the goods and services of its clients.

It is our mutual responsibility to ensure that we fully comply with all
regulations implemented by the card associations. iBill is committed to
seamlessly implementing the new regulations while retaining a business model
that is good for our company and our clients. Below is a summary of the
requirements for Visa and MasterCard that we must implement by November 1st:

VISA
* Each Sponsored Merchant must complete a registration form
that iBill will submit to Visa on their behalf.
* Visa and our processor will require an initial registration
fee of $750; $500 will be paid to Visa and $250 to our processor.
* Visa and our processor will require an annual registration
fee of $375; $250 will be paid to Visa and $125 to our processor.
* Sponsored Merchants must be approved by Visa before we can
begin processing Visa transactions.
* The pay page must present the client's country of domicile.
* iBill must provide Visa with monthly sales, chargeback and
refund data on each Sponsored Merchant for Visa's review. Sponsored
Merchants not performing to Visa standards can be terminated directly by
Visa.
* The credit card descriptors must pass iBill's name, as well
as the Sponsored Merchants name. Sponsored Merchants will have 10
characters to identify their name ie: iBillCS.com*Merchant Name
* iBill pay pages must include the following language: "iBill
is a designated payment processor for Merchant Name. iBillCS.com*Merchant
Name will appear on your cardholder statement."
* Sponsored Merchants must display their privacy policy on
their site. iBill will provide a web resource to assist clients in adopting
a privacy policy.
* Sponsored Merchants will need to update each of their master
accounts client email address with a single email address. This will help
iBill create a single identification number for your business.

MasterCard
* The join page that resides on our client's server can no
longer negotiate any aspect of the transaction. iBill will provide all
clients with a standard join page format that our compliance group will
approve for account activation.
* Selection of specific purchase options for goods and
services will occur on a join page on iBill's servers.
* iBill must allow for consumers to make purchases from
multiple iBill client sites. iBill will support a consumer portal and all
clients will be required to register their sites on the portal.
* At the time of checkout, iBill must offer the consumer the
ability to make additional purchases. iBill receipts will now contain a
link to this portal for additional consumer purchases.
* MasterCard logos cannot be displayed on the client's
servers.

October will be a month of change for all of us, though we expect the
transition should be a relatively smooth process. Following is a timetable
for preparing for the November 1st deadline:

* By October 14th, iBill will begin the Visa registration and
MasterCard portal sign-up process.
* By month end, clients will need to have a privacy policy up
on their site and have implemented the new MasterCard sign-up process.

I will provide you with additional updates on these initiatives throughout
the month. Rest assured that your iBill account manager or our client
service team will be available at every step of this process if you have any
additional questions or need support in making these changes. Thank you in
advance for helping us to ensure a successful implementation of these new
regulations.

Sincerely,

Garrett M. Bender

Welcome out from the rock you've been hiding under - in case you haven't noticed, there are about 300 threads already discussing this issue since it was announced two days ago.

that's what I was going to say but didn't....lol....

I've already finished hyperventilating. The shock is now over. Time to get back to work.

simple ass mutha fuckas...

lol

i know this isn't new news totally, but if you read, this is the first time i have heard anything about ibill implementing portals and shit where everyone will be listed. which means, all of your traffic to your ibill join page will instantly become competitors traffic also.

bvf... what's up kid. i see you are still a dumb ass shit talker

Look man, I don't even know who you are and if I wanted to be talking shit to you, I WOULD. Even though I wasn't in this post.

And one has to be SMART to be a known shit talker. Especially if someone like me already has that reputation with you. And I've never had a written or spoken conversation you in my whole life, I don't think... so that must mean I'm very good at what I do.

Regardless, I don't know how my shit talking applies to this thread. Since I was referring to MYSELF hyperventilating about the news, not you. And how I need to put MYSELF back to work, not you.

So please direct your misguided comments to someone who actually knows you.

eat shit style biter

how intelligent of you. however, the only style being bitten is MINE. I can list 3-4 clones of my site right now. Who's copying your weak shit?....Nobody.

You're nothing but someone elses sidekick who ventured out of the nest with his weak shit....so go back to suckling dicks faggot.

lol.

fuck you buster

fuck me fuck you fucker you dont know me hahah

lol

not you buster

so no mention of presence requirements from IBILL. Is that something CCBILL pulled out of its ass or what?

More info please. :Hollering

Yes I noticed that too...I wonder why though