Quote:
Originally posted by FATPad
Maybe. But it's not very fair either. If MC was so unhappy with Epoch they should have terminated the relationship instead of setting Epoch and other processors up to accept stolen cards then nailing them with fines for accepting stolen cards.
I also don't think that MC should be forced to change it's business model. The TicketMaster example was good.
MC is saying Ticketmaster can operate one way in that they merely sell access to a venue, but is at the same time saying Epoch cannot do the same.
I know that Epoch needs to do some sort of control and remove shitty sites that deliver shit and leave the consumer feeling ripped off leading to excessive credits and chargebacks, but they shouldn't be forced to change their entire business structure.
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Well, I've pointed this out before. But back in '96, when my husband was in the biz, there was a big concern about whether the IPSP model was even "legal" so to speak ... and allowed under card association rules.
Obviously the IPSPs proceeded anyway, but the original "model" was always in question.
Now that the industry has really pissed them off, they're really cracking down with all of the rules --- including this one.
So, as usual, the industry only has itself to blame -- even on this one.
I'd bet Mastercard wouldn't be making that demand if billing practices were ethical and under control.