Thread: Ibill
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Old 11-16-2002   #5
slavdogg
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Join Date: Oct 2002
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interesting quotes

Worldcom owes ibill $2.4 million for WEB900, the good news its not effecting webmaster payouts.


also this

"" In the third quarter of 2001 and the first quarter of 2002,
Visa determined that iBill violated its operating rules by having excessive
charge-backs, which resulted in fines. Also, MasterCard is currently reviewing
our charge-back ratios. If MasterCard or Visa determine that our charge-back
percentages exceed their limits, it could result in additional fines or the
termination of our ability to accept credit cards for payment, either of which
would materially adversely affect our financial condition and results of
operations.
""

also MasterCard fined their bank $75,000
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