Business Operation Choke Point Strikes Again AEBN Has To Change Banks For Affiliates Using ACH - GoFuckYourself.com

mikesouth · 07-10-2014, 03:11 PM

From

http://www.mikesouth.com

As you probably know from pornstars having accounts closed, the Operation Choke Point campaign, designed to crack down on potential fraud, has been setting its sights on the adult industry. Instead of targeting only fraudsters, Operation Choke Point casts a wide net. Since Operation Choke Point began, banks have been terminating the financial dealings of legitimate, law-abiding corporations across a broad spectrum of legal industries, including the adult entertainment business.

The most recent is AEBN who had the accounts suddenly closed (my checks came from Fifth third Bank so I expect thats who it is)

Porners should probably have plans in place so that in the event that an account gets cancelled they have fall back positions because this could hit anyone.

AEBN told me that "despite being in good standing and having a compliant business history. On June 30th, we were informed by our bank that our ability to disburse funds through ACH and wire transfers was being terminated that same day. This came after previous assurances that reasonable time frames would be given to properly transition our business to avoid operational disruptions."

AEBN goes on to state:

"This development will delay some of our business payouts to studios and affiliates ha payouts that otherwise would have been seamless, standard operating transactions as they have been for years. A new banking relationship has been finalized, and ACH and wire functionality is being re-established. We will begin to make disbursements on time; however, this interruption is likely to delay some disbursements for up to a week as the payment information is transferred to the new system. This is a one-time delay and once the new system is set up, disbursements will be made on time.

This news follows similar high-profile bank account closures for banking customers who were in good financial standing and happened to work in the adult industry.

All of us here at AEBN place a high value on our business partners and understand the challenging economic realities we all face. We are doing everything we can to minimize business disruptions. We apologize for any inconvenience. If you have questions, please contact your studio/affiliate sales representatives through the contact information listed in the ?Contact Us? page at www.aebn.net."

AEBN has long been a solid company with an excellent standing in the business and pay attention to this story because if it can happen to them it can happen to YOU!

$tandaman · 07-10-2014, 03:29 PM

went through that a couple of times last year.. such a pain in the ass.. but can happen to anyone it seems.

the Shemp · 07-10-2014, 06:17 PM

great, i guess thats why i didnt get my AEBN money today ...

mikesouth · 07-10-2014, 06:45 PM

Quote:

Originally Posted by the Shemp

great, i guess thats why i didnt get my AEBN money today ...

That would be why but AEBN has assured me (and I totally believe them) that its just a set back for this month and it will be no longer than a week

I have never once heard of any problems with AEBN at all, so I feel sure itll be fine.

Flavaworks · 07-10-2014, 08:54 PM

Why they wait until the payout date to tell us? smh

mikesouth · 07-10-2014, 09:04 PM

Quote:

Originally Posted by Flavaworks

Why they wait until the payout date to tell us? smh

because the bank gave them no notice and they were hoping to never even miss a beat but the changeover is taking a tad longer than expected...did you read the story? aebn was notified on June 31st without warning

the Shemp · 07-10-2014, 09:27 PM

Quote:

Originally Posted by mikesouth

That would be why but AEBN has assured me (and I totally believe them) that its just a set back for this month and it will be no longer than a week

I have never once heard of any problems with AEBN at all, so I feel sure itll be fine.

ya, ive never missed or had a late payment from them until today...thats over 13 years, not bad...

Fat Panda · 07-12-2014, 08:10 AM

received payment yesterday via wire and not ach

bank nailed me with a nice fee

Adraco · 07-12-2014, 10:30 AM

Quote:

Originally Posted by mikesouth

because the bank gave them no notice and they were hoping to never even miss a beat but the changeover is taking a tad longer than expected...did you read the story? aebn was notified on June 31st without warning

June 31st???

Excellent date to receive notifications on...

JFK · 07-12-2014, 01:44 PM

Quote:

Originally Posted by mikesouth

because the bank gave them no notice and they were hoping to never even miss a beat but the changeover is taking a tad longer than expected...did you read the story? aebn was notified on June 31st without warning

It's easier to skim the headlines, then actually read the content

NickBaer · 07-13-2014, 08:20 AM

I can't image someone in the adult industry hasn't started their own bank.

It's not impossible. Even if it doesn't have a storefront.

NickBaer · 07-13-2014, 09:33 AM

I've been paid faithfully by AEBN for 9 years. Since they started doing business with the bank mentioned above, there were a couple of times payments were late, and my Rep grumbled about the staff at the Bank.

I don't remember anyone complaining in March 2012 when we got paid twice! Same amount, a couple days apart! (Of course, the next month, the extra payment got deducted!!)

For all of the companies they own in San Francisco, I'm confused as to why they bank in their hometown, with visions of the cast of Mayberry RFD and Dukes of Hazzard working security, and processing!

I like Payoneer a lot - since 2008. I didn't like PAXUM at first, but every idiotic obstacle I encountered and complained about, Ruth got fixed. Paxum is now quite impressive.

I get paid from Programs in the US, Canada, UK, and EU. I like to travel, therefore hate checks, but for the one processor who does not do ACH, but does do checks, all of my Banks have Apps with take-a-picture deposits. Almost as good as $30 Wires (which cost $15 to send and $15 to receive).

One Program pays me from Canada to my UK Bank through Western Union (via IBAN). A US Program uses Bill.com / IDMpay (ACH).

NickBaer · 07-13-2014, 09:46 AM

For webmasters here, who have female traffic that likes softcore male, I have 200 VOD movies on AEBN with non-sexual male nudity. With AEBN being the top VOD platform, and being able to leap-frog financial obstacles in their way, now is a good time to think about strengthening business with AEBN.

My soft-core male theater on aebn.net is "Triangle Dream". They pay a healthy 30% to webmasters.

NickBaer · 07-13-2014, 09:49 AM

AEBN did send the e-mail on July 10, but mine wound up in spam!! Didn't check spam until this morning. They could have sent on June 30, but by waiting until July 10, they were able to say they had finalized new banking.

DBS.US · 07-13-2014, 10:00 AM

A organized boycot promoted on social media targeted on one bank could stop this.
(Bank is refusing to work with small businesses, not "porn stars")

To bad nobody around here knows anything about how social media works

07-10-2014, 03:11 PM	#1
mikesouth Confirmed User Industry Role: Join Date: Jun 2003 Location: My High Horse Posts: 6,334	Operation Choke Point Strikes Again AEBN Has To Change Banks For Affiliates Using ACH From http://www.mikesouth.com As you probably know from pornstars having accounts closed, the Operation Choke Point campaign, designed to crack down on potential fraud, has been setting its sights on the adult industry. Instead of targeting only fraudsters, Operation Choke Point casts a wide net. Since Operation Choke Point began, banks have been terminating the financial dealings of legitimate, law-abiding corporations across a broad spectrum of legal industries, including the adult entertainment business. The most recent is AEBN who had the accounts suddenly closed (my checks came from Fifth third Bank so I expect thats who it is) Porners should probably have plans in place so that in the event that an account gets cancelled they have fall back positions because this could hit anyone. AEBN told me that "despite being in good standing and having a compliant business history. On June 30th, we were informed by our bank that our ability to disburse funds through ACH and wire transfers was being terminated that same day. This came after previous assurances that reasonable time frames would be given to properly transition our business to avoid operational disruptions." AEBN goes on to state: "This development will delay some of our business payouts to studios and affiliates ha payouts that otherwise would have been seamless, standard operating transactions as they have been for years. A new banking relationship has been finalized, and ACH and wire functionality is being re-established. We will begin to make disbursements on time; however, this interruption is likely to delay some disbursements for up to a week as the payment information is transferred to the new system. This is a one-time delay and once the new system is set up, disbursements will be made on time. This news follows similar high-profile bank account closures for banking customers who were in good financial standing and happened to work in the adult industry. All of us here at AEBN place a high value on our business partners and understand the challenging economic realities we all face. We are doing everything we can to minimize business disruptions. We apologize for any inconvenience. If you have questions, please contact your studio/affiliate sales representatives through the contact information listed in the ?Contact Us? page at www.aebn.net." AEBN has long been a solid company with an excellent standing in the business and pay attention to this story because if it can happen to them it can happen to YOU! __________________ Mike South It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.

07-10-2014, 03:29 PM	#2
$tandaman Pimping 8EZ Industry Role: Join Date: Jun 2001 Location: New Jersey Posts: 3,528	went through that a couple of times last year.. such a pain in the ass.. but can happen to anyone it seems. __________________ CentroProfits.com - Make money with 3000+ Models! ModelCentro.com - Multiple award winning hosted CMS designed to run solo model sites, with affiliate program built in. Launch your model site in 24 hrs or less! FanCentro.com - Premium social network for SWs & Fans!

07-10-2014, 06:17 PM	#3
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,891	great, i guess thats why i didnt get my AEBN money today ... __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

07-10-2014, 08:54 PM	#5
Flavaworks Confirmed User Join Date: Jun 2006 Posts: 44	Why they wait until the payout date to tell us? smh __________________ Flava Works, Inc. World Leader in Black & Latino Gay XXX! Check out our Affiliate Program! FLAVAGOLD

07-13-2014, 08:20 AM	#11
NickBaer Nick Baer Industry Role: Join Date: Jun 2005 Location: In Europe. Using high speed Internet to update my studios. Posts: 1,353	I can't image someone in the adult industry hasn't started their own bank. It's not impossible. Even if it doesn't have a storefront. __________________ Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

07-12-2014, 08:10 AM	#8
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	received payment yesterday via wire and not ach bank nailed me with a nice fee

07-13-2014, 09:33 AM	#12
NickBaer Nick Baer Industry Role: Join Date: Jun 2005 Location: In Europe. Using high speed Internet to update my studios. Posts: 1,353	I've been paid faithfully by AEBN for 9 years. Since they started doing business with the bank mentioned above, there were a couple of times payments were late, and my Rep grumbled about the staff at the Bank. I don't remember anyone complaining in March 2012 when we got paid twice! Same amount, a couple days apart! (Of course, the next month, the extra payment got deducted!!) For all of the companies they own in San Francisco, I'm confused as to why they bank in their hometown, with visions of the cast of Mayberry RFD and Dukes of Hazzard working security, and processing! I like Payoneer a lot - since 2008. I didn't like PAXUM at first, but every idiotic obstacle I encountered and complained about, Ruth got fixed. Paxum is now quite impressive. I get paid from Programs in the US, Canada, UK, and EU. I like to travel, therefore hate checks, but for the one processor who does not do ACH, but does do checks, all of my Banks have Apps with take-a-picture deposits. Almost as good as $30 Wires (which cost $15 to send and $15 to receive). One Program pays me from Canada to my UK Bank through Western Union (via IBAN). A US Program uses Bill.com / IDMpay (ACH). __________________ Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content Last edited by NickBaer; 07-13-2014 at 09:35 AM..

07-13-2014, 09:46 AM	#13
NickBaer Nick Baer Industry Role: Join Date: Jun 2005 Location: In Europe. Using high speed Internet to update my studios. Posts: 1,353	For webmasters here, who have female traffic that likes softcore male, I have 200 VOD movies on AEBN with non-sexual male nudity. With AEBN being the top VOD platform, and being able to leap-frog financial obstacles in their way, now is a good time to think about strengthening business with AEBN. My soft-core male theater on aebn.net is "Triangle Dream". They pay a healthy 30% to webmasters. __________________ Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

07-13-2014, 09:49 AM	#14
NickBaer Nick Baer Industry Role: Join Date: Jun 2005 Location: In Europe. Using high speed Internet to update my studios. Posts: 1,353	AEBN did send the e-mail on July 10, but mine wound up in spam!! Didn't check spam until this morning. They could have sent on June 30, but by waiting until July 10, they were able to say they had finalized new banking. __________________ Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

07-13-2014, 10:00 AM	#15
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,830	A organized boycot promoted on social media targeted on one bank could stop this. (Bank is refusing to work with small businesses, not "porn stars") To bad nobody around here knows anything about how social media works __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight