Quote:
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Originally Posted by Webby
Bullshit.
Inteca has NO CREDENTIALS to act as an "entrusted third party".
It is an unknown organization, supposedly operating out of an unknown jurisdiction with an unknown address, phone or fax numbers and with unknown officers and no published accounts.
Until this information is either volunteered by the officers of Inteca or - failing that, by law enforcement, - and there is transparency and honesty - the "moving forward" will not happen.
The creditors of iBill have every right to know exactly who this "entrusted third party escrow agent" is, - not least because the the management or "shareholders" of iBill have already demonstrated a pathetic track record in judgement, the ability to state truth and failed on so many undertakings/commitments and even legal contracts to avoid further court judgements.
Once again, we have an email which has still not stated *any* credentials. This will not last much longer.
If Chris Williams is actually associated with Inteca - I invite you to step forward and provide full credentials on the inteca.org website and explain, in detail, exactly what your brief from iBill is.
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You have probably already seen this in the CMI and I´m not saying that you should put any faith in it,but at least it´s an explanation:
FROM THE CMI
iBill EU Follow Up
iBill has received several calls regarding our relationship with Inteca. Hopefully this will help clarify any additional concerns that have been raised by the iBill EU sponsored merchants.
The International e.Commerce Association (Inteca) is a not for profit association. It is not linked to iBill in any way, other than some members of its executive management have prior experience with iBill, as detailed below.
The officer of Inteca who has been instrumental in setting up this escrow payment service for iBill EU clients is Chris Williams, who set up and was the Director of iBill EU when it was formed in 2002. He has no ties with the current ownership of iBill. He does work closely with the acquiring bank and the EU processor on a number of other accounts and areas of business. Chris has one area of personal interest in respect to his company?s ownership of http://
www.toccata.com which does offer a service involving the use of Inteca as an escrow agent.
Inteca has contacted EU merchants who are owed funds for Visa transactions processed through iBill?s European bank through February 28th, 2005. This contact data has been provided to Inteca by iBill. Merchants are required to email Inteca their sponsored merchant id (SMID) as soon as possible. Note, this is not your merchant password. It is not necessary or advisable to send the password.
The reason for emailing the SMID is so that Inteca can match the listed email address against the SMID. It will be necessary for clients to log in to an Inteca web interface to download and sign a release document from the bank. The bank will not release the relevant funds unless the release document is signed by the merchant. Funds owed will be viewable through both the Inteca web interface as well as in the iBill merchant information area.
Inteca is making every effort to contact all eligible iBill EU merchants that will be receiving settlement through Inteca, but cannot guarantee it will be successful, mainly if email addresses are out of date or blocked.
All calls regarding Inteca should be submitted to the iBill sales and client service teams.