IBill says
Dear iBill Client,
Visa regulations state that a web site operated by a Sponsored Merchant must contain a consumer data privacy policy. A link to your privacy policy must reside on any page of your web site where you collect consumer data. As a Sponsored Merchant, you may not collect consumer data, and your privacy policy can reflect that. If you don't have a policy, please visit the URL below for a sample that you can customize for your web site.
Sample Privacy Policy - http://www.ibill.com/sampleprivacypolicy.cfm
Please add this to your web site as soon as possible. Thank you.
So if this statement must go on any page where information is collected and we are not allowed to collect any information, what is the point of asking us to do it in the first place?