IBILL sold to INTERCEPT! [Archive] - Adult Webmaster Info BBS

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Ride

03-20-2002, 04:48 PM

Just got a message from a friend, don't know how many of you have seen this... Very interesting.. <a href="http://biz.yahoo.com/bw/020320/202027_1.html" target="_blank">http://biz.yahoo.com/bw/020320/202027_1.html</a> Ride

Terrance11

03-20-2002, 04:56 PM

Damn, that's fucked up. When I used to live in Georgia, I lived down the street from intercept main building. Shit, I can't believe they bought ibill.

Ride

03-20-2002, 06:20 PM

I wonder if any drastic changes will be made... I guess we will have to wait and see. Ride

Terrance11

03-20-2002, 06:39 PM

<blockquote>quote:<hr />Originally posted by Ride: I wonder if any drastic changes will be made... I guess we will have to wait and see. Ride<hr /></blockquote>From the article it sounds like Ibill will stay intact, and there's only a transfer in the ownership. But since 80% of Ibill's net revenue comes from adult sites, you never know what'll happen. But I'm sure intercept knew what they were getting themselves into before they bought the company.

Muff

03-20-2002, 06:48 PM

PeepNTom

03-20-2002, 09:07 PM

this can only be a positive for all adult webmasters as things might actually begin to work on a regular basis <img border="0" title="" alt="[Big Grin]" src="biggrin.gif" />

playa

03-20-2002, 10:35 PM

<blockquote>quote:<hr />Originally posted by Terrance11: Damn, that's fucked up. When I used to live in Georgia, I lived down the street from intercept main building. Shit, I can't believe they bought ibill.<hr /></blockquote>interesting their from my home town

DartDave

03-21-2002, 12:26 PM

I'm not the only one from Norcross here? Cool!! <img border="0" title="" alt="[Cool]" src="cool.gif" />

Terrance11

03-21-2002, 01:54 PM

<blockquote>quote:<hr />Originally posted by DartDave: I'm not the only one from Norcross here? Cool!! <img border="0" title="" alt="[Cool]" src="cool.gif" /> <hr /></blockquote>yeah, I used live in Norcross, and grew up in Buford.

Antic

03-21-2002, 02:19 PM

That explains all the lost rebills. The former owner(s) had to make a few quick millions before selling.

DamageX

03-21-2002, 08:15 PM

I wouldn't touch iBill if they payed me... Ooops, they never did! Does anyone know of some email which I can use to write someone at iBIll and hope I'd get my money out?

TwinTone

03-21-2002, 08:34 PM

Here is a copy of the letter: Dear Valued iBill Customer: I’d like to begin by communicating how much we truly value your selection of iBill as your online transactions processor. We strive to provide the absolute best in customer service and technology infrastructure and appreciate your confidence in our abilities. Through your support and loyalty, we’ve been able to assume and maintain a true industry leadership position. That said, iBill has been presented with an opportunity that will ultimately allow us to strengthen our service and technology capabilities. I’m very pleased to announce that iBill has agreed to be acquired by InterCept, Group Inc. a publicly traded company that is a leading provider of banking technology products and services for community financial institutions. The company is listed on the NASDAQ market under the symbol ICPT and is based in Atlanta, Georgia. I can assure you that this is a very positive move for both iBill and each and every one of our customers. iBill will continue to be based in Fort Lauderdale, operating as a subsidiary of InterCept. The core management team that has been in place at iBill will remain in place and operations will continue in a very similar manner as they have in the past. After many years of building the company, Albe Angel, our Chairman and General Counsel, will become the Chairman of a joint venture that is sponsored by iBill and Tocatta called DebitPayments.com. Although he will not be involved in day-to-day operations, iBill will still have a strong relationship with him. All of the employees that you have come to know and trust will remain in place, including the sales, customer service, and technology teams. As a matter of fact, we will be adding members to each of these groups. Becoming a part of InterCept presents a number of advantages for our customers. It allows us to advance our schedule for upgrading our technology infrastructure. It allows us to add staff to our customer service team to enhance the response time and overall level of support. It allows us to offer advanced product and service offerings. InterCept’s strong relationships with financial institutions will allow iBill to provide more efficient credit card and check processing. Finally, with InterCept’s support, iBill will benefit from a strengthened relationship with credit card associations. With more than 1,300 employees in fifteen states, InterCept is recognized as a pioneer in financial data processing. The company’s products and services include core data processing, check processing and imaging, electronic funds transfer, and data communications management. InterCept’s revenues were $130 million in 2001. Again, I’m extremely pleased to make this announcement and look forward to the opportunity to provide you with the best transaction processing capabilities in the industry. I’ll continue to provide updates in the coming weeks. Sincerely, Garrett M. Bender President & CEO

arthurdent

03-21-2002, 08:57 PM

<blockquote>quote:<hr />Originally posted by DamageX: I wouldn't touch iBill if they payed me... Ooops, they never did! Does anyone know of some email which I can use to write someone at iBIll and hope I'd get my money out?<hr /></blockquote>I never get any problems with iBill payments. Every two weeks on time, for PMB which I promote 2 years, and last year for two of mine pay sites. Yes I have some doubts about rebills, but like someone says 3-4 months ago on this board, all CC operators steals, only iBill steal lesser than others <img border="0" title="" alt="[Wink]" src="wink.gif" /> When site swich from iBill to any other CC processor I note drop of sales. Maybe this is my imagination, but I don't promote sites which don't use iBill (backup processor is fine also). Yes I know that iBill had problems in past, but last two months everything recur to normal <img border="0" title="" alt="[Wink]" src="wink.gif" /> peace

arthurdent

03-21-2002, 09:04 PM

<blockquote>quote:<hr />Originally posted by TwinTone: Here is a copy of the letter: Dear Valued iBill Customer: I'd like to begin by communicating how much we truly value your selection of iBill as your online transactions processor... Sincerely, Garrett M. Bender President & CEO<hr /></blockquote><img border="0" alt="[Hi]" title="" src="graemlins/hi.gif" /> Hi TwinTone What you think, biz will be untouched? iBill will be better or worse? I'm too "small", and don't have backup processor, still have faith in iBill, but... peace

DamageX

03-25-2002, 09:25 PM

arthurdent, got an e-mail where I can write and bitch about this?

arthurdent

03-25-2002, 09:44 PM

You have P/M peace