[ic] Mastercard

[Ed LaFrance]

At 11:01 AM 4/20/2002 -0500, you wrote:
>This artical may or may not be of interest to some of you
>
>http://www.usatoday.com/life/cyber/tech/2002/04/19/paypal.htm
>--

[OT arg=slightly]

I received a similar message from a third-party aggregator I have been 
using. They are not waiting to see how things go with this; they are 
migrating all accounts to Authorizenet and an affiliated merchant account 
issuer by special arrangement. Apparently it is has been tough going for 
third-party processors for some time, including recent policy changes by at 
least one card issuer which would fine them $150,000 if their charge-back 
frequency crossed a certain threshold. Looks like these types of businesses 
may be on borrowed time.

- Ed L.


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