What I found interesting from the article was the continual reference to the "old ibill" ... I know it is common procedure to dump crap on the old team & owners after you take over a company/business that isn't operating well in the public's eyes.
As KK said, there is more to this story then meets the eye. Perhaps the "practises" of the old team in making ibill look 'juicy' to intercept & the public has something to do with it ... it's common knowledge that 6+ months ago they recruited many of the large operators like cecash, sexhit/intergal & more. to get some of those accounts they must have offered good deals or inducements.
but I'm not sure if this happened before or after the buyout.
The 3rd party processing business model has to be one of the more profitable models on the net.
It would be great if intercept/ibill did a deal with Paypal to process adult transactions, with their 20 million users it would make good sense for ibill to tap into that consumer base.
Last edited by meatloaf at Apr 1 2003, 08:37 PM
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04-01-2003
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