It's been unfortunate to see these guys on the boards who think that they are doing some "clever" detective work, but who don't seem to have a grasp of business realities on an international scale. SegPay has nothing to hide.
Ibill hired an auditing company, Intecca, to deal with it's banks in the EU and get the webmaster's money released when ibill went down. Chris had left ibill years ago, even before the take over of Intercept. That Chris is involved is no surprise, he has a very long history dealing with merchant banks. INTECA WAS RESPONSIBLE FOR GETTING MONEY TO WEBMASTERS THAT THEY WOULDN'T HAVE RECEIVED OTHERWISE.
SegPay has done a deal with that same company to oversee the payouts from SegPays merchant bank to it's merchants, and ensure that they are timely and accurate. Chris has a financial interest, but he is NOT in the management of SegPay, and frankly his involvment is a VERY GOOD THING.... there are few people in the world that could have negoiated the release of funds for ibill clients that Chris did, and there are few people in the world with his knowledge, contacts and expereince in the field
Are there some people that used to work for ibill working for SegPay now? Sure. They needed jobs, and they had experience in this business. You will probably see ex ibill employees popping up all over the place.
They are in no way the same owners, financial interests, etc....
I've been in the processing business for over 6 years now. I wouldn't want to work with a company if they were an ibill front. I have a long reputation and lots of friends in the business, and I have more than enough different projects going on right now that I don't need to jeopardize my long built reputation for some shenanigans involving ibill.
That's the straight story.
SegPay is a good company, with great products and great people, and a great business model. I joined them because I think that they will go far.
Things can SEEM a certain way.... that doesn't MAKE them a certain way. I don't know what to tell you. Some people will believe what they wish to believe. I'm just telling you what I know to be true.
Do people in different companies have prior history with each other? Sure, happens all the time when one is in the same industry.
Do companies sometimes make use of the same business facilities? Sure, even in a city as large as NY for example, why are all financial firms in the same buildings/streets. It doesn't mean that they are the same owners, or even connected.
All I can say is that I DO know that what I told you is the fact. If people choose to believe otherwise, there is nothing I can do about that.
In Inteca is not Ibill and Inteca is not SegPay, and SegPay is not Ibill.
I don't know how to tell you any other way! :-) .
I'll be in San Diego if you want to ask me more.... :-)
Best Regards,
Michael
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