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!

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

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.

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

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

received payment yesterday via wire and not ach

bank nailed me with a nice fee

June 31st??? :error:error:error
Excellent date to receive notifications on... :upsidedow

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

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.

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).

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.

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.

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:disgust