I-bill Down For The Count?

Toolz · 01-16-2003

Anyone listen to the complete conference call that Intercept had? I had it on in the background and picked out a few key points.

#1. CEO claims he doesn't know what % of Ibill is adult, later question is asked again and questioner asks if 90% of Ibill is adult, CEO says he doesn't know COO or whomever else was in the room says yes.

#2. Not sure what the reported purchase of Ibill was initially but in the conference call the CEO put it at 118 million

#3. One of the callers (I assume the callers are industry analysts but who knows) Says that since Intercept acquired Ibill and they lost their largest client purportedly in the beginning and then they screwed up again with the Visa regs thing why doesn't Intercept just right them off as a loss.

Entire call is here, warning it's over an hour but well worth the listen as 80% of it pertains to Ibill and will give you a better understanding of processing in general. BTW, EPX that they keep referring to was initially Ibill's processor but with the new Visa regs they had to switch it to offshore. EPX was owned by Intercept and they make reference to lost profits that they could have gained by getting the $750 registration fees from all the merchants processing under Ibill.

http://biz.yahoo.com/cc/3/25083.html

Oh and I know this is an old thread but I thought I dig it up cause I wasn't sure if anyone had bothered to listen to the whole conference call but me

01-16-2003	#26
Toolz Members Join Date: Nov 2002 Location: Last seen trolling the Detroit River Posts: 494	Anyone listen to the complete conference call that Intercept had? I had it on in the background and picked out a few key points. #1. CEO claims he doesn't know what % of Ibill is adult, later question is asked again and questioner asks if 90% of Ibill is adult, CEO says he doesn't know COO or whomever else was in the room says yes. #2. Not sure what the reported purchase of Ibill was initially but in the conference call the CEO put it at 118 million #3. One of the callers (I assume the callers are industry analysts but who knows) Says that since Intercept acquired Ibill and they lost their largest client purportedly in the beginning and then they screwed up again with the Visa regs thing why doesn't Intercept just right them off as a loss. Entire call is here, warning it's over an hour but well worth the listen as 80% of it pertains to Ibill and will give you a better understanding of processing in general. BTW, EPX that they keep referring to was initially Ibill's processor but with the new Visa regs they had to switch it to offshore. EPX was owned by Intercept and they make reference to lost profits that they could have gained by getting the $750 registration fees from all the merchants processing under Ibill. http://biz.yahoo.com/cc/3/25083.html Oh and I know this is an old thread but I thought I dig it up cause I wasn't sure if anyone had bothered to listen to the whole conference call but me