Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Advertise with AINews Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Porn for GEEKS! Meet me & my friends!

Kayden Kross at Twistys

October 02, 2002 10:12am
Epoch/Paycom CCBill & iBill Released Joint Statement to Webmasters
Source: Epoch / Paycom
by: Company Press Release

Dear Webmasters,

CCBill, Epoch / Paycom and iBill would like to jointly inform and update you on several new Visa regulation that will affect the way we, as Internet Payment Service Providers (IPSPs) and our clients conduct business. Visa has mandated that a new, unique set of operating guidelines will be implemented by November 1st. These rules are worldwide, not just in the USA.

Under the new Visa rules, iBill, CCBill, and Epoch / Paycom along with other providers in our market space will be considered IPSPs. An IPSP is a company that provides a broad array of services and has financial responsibility and liability for merchant accounts whereby you, our clients (Sponsored Merchants) are allowed to process and settle Internet transactions.

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

Visa

* Each Sponsored Merchant must complete a registration form that we will submit to Visa on your behalf. A form will be provided to you by each of us, electronically, as soon as possible. Some of the data elements required are: company name, address, transaction counts, dollar volumes, URLs, etc.

* An initial registration fee of $750.00 per company (not per URL) will be charged to register each Sponsored Merchant. $500.00 of this fee is payable by the Acquiring Banks to Visa, the balance are administrative fees to the banks and processors. These fees are due November 15th.

* An ongoing annual registration fee of $375.00 will be charged. $250.00 of this fee is payable by the Acquiring Banks to Visa, the balance are administrative fees to the banks and processors.

* Sponsored Merchants must be approved by Visa for processing Visa transactions under the new rules, and will be checked against Visa's TMF list (Terminated Merchant File) and the Match File, a joint Visa / MasterCard database. You are obviously processing now, so that service will not be interrupted if you have paid your registration fee and completed your registration form.

* IPSPs can only register Sponsored Merchants in the country where the Sponsored Merchant has a presence.

* IPSPs are required to provide Visa with monthly sales, chargeback and credit data for their review, by Sponsored Merchant and down to the URL of each Sponsored Merchant site. Sponsored Merchants who are out of compliance on chargeback and / or credit ratios may be terminated at Visa's discretion. Please Note: Your ratios at all IPSPs will be evaluated by Visa. ? the credit card descriptor on the cardholder's statement must be the IPSP's name, as well as the Sponsored Merchant's identifier, such as your company code.

* The IPSP's Join Form must disclose the IPSP's name and the fact that the billing descriptor will be the name of the IPSP and the Sponsored Merchant's identifier.

* IPSPs will display, on the Join Form, their Privacy Policy along with Terms and Conditions.

MasterCard

* The MasterCard logo cannot be displayed on the client's sites.

* Several other rules will be changed and we will advise you as soon as these are solidified.

October is the month to implement these changes. We expect the transition should be a relatively smooth process. The following is a timetable for preparing for the November 1st deadline:

By October 8th, we will begin the Visa registration process. We will email you a form, which must be completed immediately.

By October 15th, we will have a Privacy Policy up on our Join Pages.

By October 15th you must have all MasterCard logos removed from your sites.

We will provide you with additional updates on these initiatives throughout the month. Thank you in advance for helping us to ensure the successful implementation of these new regulations. Please be assured that we, as IPSPs are working together to provide a more robust industry environment and to attempt to have our client's voices heard at the card associations. We have many common goals and interests. Maintaining the viability of the adult Webmaster business model, by keeping you informed, is our primary focus.

Sincerely,

iBill, CCBill, and Epoch / Paycom

Advertise with AINews

Related Stories

Related Sites - WARNING! Graphic Content

RavenBay02.3gp

PumaSwede.com

Top Stories

A Season for Hope

MWA: 12/06/17

MWA: 12/05/17

Gonzo with Eddie Powell

Guild Demands New HIV Testing!

ED Award Winners

MWA: 11/07/17

Burlesque Documentary

Farrah Abraham Fired for Porn Return

Heaven and Hell 2017

Farrah Abraham's Vaginal Tightening

Lesbian Sex 17 ~ Reviewer Rated

MWA: 10/06/17

OJ Picks 'Nicole Brown' Escort

Emma Marx Evolved ~ Reviewer Rated

MWA: 08/27/17

MWA: 08/26/17

EthicalPorn.TV

Reid Mihalko MC Sex Expo

Recycled Percussion at Awards Show

Lesson From Belle Knox

Bad Babes Inc

MWA: 07/27/17

Tori Black Party

MWA: 07/24/17

MWA: 07/01/17

Thicksundaes Total Nude Contest

Help Heal Rhiannon

Romantic Depot Harlem

MWA: 06/21/17

Dr. Chauntelle Tibbals Interview

Bush is Back

Paradise, Astroglide StorErotica Nom

MWA: 06/20/17

MWA: 06/05/17

MWA: 05/27/17

Getting Into Porn

­­­­Lisa Licious Live!

More
Stories From

Internet & Mobile News

EthicalPorn.TV

Dinner With Ron

Patriots Win = Superbowl BJs!

Jelena Jensen Girlsway GOTY

New Model Leila Sugarcookie

VNALive Marathon

Rachel Raxxx CumBang

Vote Porno Dan

Inked Angels Now Podcasts

Lauren Phillips Launches Site

Alexis Golden Skype Show 12/6

Vicky Vette AVN Nom

Bunny De La Cruz Website

VNA Celebrates 10,000 Shows

Angelina Castro Anniversary

Sugarcookie Earns Nom

Sabrina Deep AWA Noms

#RedtubeoverYoutube

Its Cleo Lands Radio Show

FreePornDay 9/8/2016

Teri Weigel on Rock'N'SeXXXy

Sins Explore Limits on Snapchat

Internet & Mobile News Section Index

Jelena Jensen Girlsway GOTM

Penny Pax New Site

Brooke Bliss on Fleshbot

Katrina Jade GOTM

Marica Hase Official Site

World Bukkake Tour

Shawna Lenee Dogfart GOTM

New Webcam Opportunity

NaughtyAllie Facelift

Paradise Marketing New Website

RNSU Radio Thurs March 24

New Gay News Site

Danni Ashe Awarded

New Wave Porn: BrightDesire.com

XBIZ Trophy Girls

Adult Webcam Conference

Hirsch XBIZ Keynote Speaker

Hill and Howard Raw

Night, Rai, Moore, on Inside

More w/Mo Celebrates 100

Introducing Bitcoin Porn Sites

Rock'N'SeXXXyu Radio This Thurs

Mindbrowse with Royalle, St. James

Rock’N’SeXXXy UnCensored Thursday

Raven Bay on Jukeboxx

After Hours on CyberstationUSA

Amia Miley Brazzers Contract

Payton Sin Claire on SDR

     
Copyright © 1998 - 2017 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).