Too Much Media Acquires Equity Stake in Segregated Payments Ltd.

[avolongold]

Congrats on the acquisition.

I'm not sure if I missed the part on merchant accounts but do you require your own merchant account or do you provide that like CCBill?

Have you ever considered getting clients funds protected in some way so that people may feel a little more comfortable using your processing company? Broker protected or insured? Just curious on that idea.

Anyways, how do I get in on this. I am very interested in discussing this with you more.

[TMM_John]

Congrats on the acquisition.

I'm not sure if I missed the part on merchant accounts but do you require your own merchant account or do you provide that like CCBill?

Have you ever considered getting clients funds protected in some way so that people may feel a little more comfortable using your processing company? Broker protected or insured? Just curious on that idea.

Anyways, how do I get in on this. I am very interested in discussing this with you more.

TMMSegPay is a registered Visa IPSP the same as Epoch & CCBill. This is the correct way to be doing 3rd party processing and something you should absolutely look for when choosing a processor. This of course will also mean a Visa registration fee when you setup an account with TMMSegPay.

The merchant's (client's) funds are protected as they are distributed to the merchant from the bank. Our hands never touch your funds. I don't know if anyone can provide more protection than that. IMO it is a groundbreaking move forward in the protection of your funds.

There will be a whole lot more info in the coming weeks. We just wanted to get the news out there as we are all very very excited.

[TMM_John]

Hmm interesting. Would be great if ppl who use TMMsegpay, can have TMMsegpay the individual affiliates(as stated aerlier) And even better of they can merge accounts...

Maybe I misread it, but is there a date you want this all going live? Like an ETA?

The plan is to have a system such as CCBill has where the application is hosted and you can merge multiple affiliate accounts with one payout from the bank itself.

This concept will be taken even a few steps further, we just aren't quite ready to share exactly how yet

We hope to have that system up during February 2008 or possibly a bit sooner.

[avolongold]

TMMSegPay is a registered Visa IPSP the same as Epoch & CCBill. This is the correct way to be doing 3rd party processing and something you should absolutely look for when choosing a processor. This of course will also mean a Visa registration fee when you setup an account with TMMSegPay.

The merchant's (client's) funds are protected as they are distributed to the merchant from the bank. Our hands never touch your funds. I don't know if anyone can provide more protection than that. IMO it is a groundbreaking move forward in the protection of your funds.

There will be a whole lot more info in the coming weeks. We just wanted to get the news out there as we are all very very excited.

That is great news!

I will contact you to discuss with you in the new year

[justsexxx]

Hmm interesting. Would be great if ppl who use TMMsegpay, can have TMMsegpay the individual affiliates(as stated aerlier) And even better of they can merge accounts...

Maybe I misread it, but is there a date you want this all going live? Like an ETA?

[TMM_John]

Hmm interesting. Would be great if ppl who use TMMsegpay, can have TMMsegpay the individual affiliates(as stated aerlier) And even better of they can merge accounts...

Maybe I misread it, but is there a date you want this all going live? Like an ETA?

Replied to above

[Braincash Fred]

Congrat on the move. Should do amazing for you and all the Nats customers

[Ice]

Congrats John

[O MARINA]

John & Charlie taking over the world !!
Why only SegPay why not AdultFriendFinder too

[Kimmykim]

Seems like a very obvious conflict of interest here to me, given some of the things that have been stated for the record in the last year or so...

[TMM_John]

Seems like a very obvious conflict of interest here to me, given some of the things that have been stated for the record in the last year or so...

If you read the thread you would have seen that this has been addressed. You can believe whatever you want.

[Kimmykim]

If you read the thread you would have seen that this has been addressed. You can believe whatever you want.

I read the thread, and I have my own opinions. You've just jumped to some conclusion based on whatever it is you think I mean, and that's more than likely incorrect.

I like Cathy, I have nothing against you and Charlie, however, I was pretty clear in my initial statement as to what I might have been referring to, so maybe you want to read it again.

[BOSS1]

this is good news since I use both of SegPay and NATS

[TMM_John]

I read the thread, and I have my own opinions. You've just jumped to some conclusion based on whatever it is you think I mean, and that's more than likely incorrect.

I like Cathy, I have nothing against you and Charlie, however, I was pretty clear in my initial statement as to what I might have been referring to, so maybe you want to read it again.

What are you referring to?

[Kimmykim]

The fact that I think it's a conflict of interest for you to own part of a processing company? That's pretty clear.

I don't see CCBill or Paycom with any access to data that is not processed by them directly.

[TMM_John]

The fact that I think it's a conflict of interest for you to own part of a processing company? That's pretty clear.

I don't see CCBill or Paycom with any access to data that is not processed by them directly.

No, I had no idea thats what you meant.

If you don't trust myself & Charlie then don't use any of our offerings. Many people do trust us, and I think that says a lot.

[FakeNick]

what a stupid fucking name

tmmsegpay

lmao retards

[FakeNick]

what a stupid fucking name

tmmsegpay

lmao retards

[TMM_John]

what a stupid fucking name

tmmsegpay

lmao retards

Thanks for the bump

[Snake Doctor]

The fact that I think it's a conflict of interest for you to own part of a processing company? That's pretty clear.

I don't see CCBill or Paycom with any access to data that is not processed by them directly.

This was the point I made earlier and I got the brush off like I was a kid who didn't understand the discussion the grown ups were having.

Nice to see I'm not the only one who sees the potential for major conflics of interest.

[TMM_John]

This was the point I made earlier and I got the brush off like I was a kid who didn't understand the discussion the grown ups were having.

Nice to see I'm not the only one who sees the potential for major conflics of interest.

Can you explain to me what is a conflict of interest here?

[acratophorum]

I understand you are frustrated and you have every right to be. Anyone who loses money is going to be angry about it and they will usually direct that anger to whoever is the face of that company at the time.

As you said, Cathy took leadership during the worst of it. She became the face of iBill's downfall even though the events that caused FD to terminate iBill's relationship with them had been set in motion prior to Cathy's taking the position of CEO. She had no idea of the situation when she took the position and could have very easily walked away when she found out what was going on. She chose not to because she hoped she could do something positive for those who were about to lose a lot of money. She did do things for iBill clients that would not have happened had she not been there. For example, $20 million was freed up and paid out to EU merchants during Cathy's time there which most likely would not have been paid out had she not been there. Unfortunately, the US reserves were a lot harder to have distributed.

Again, I totally understand your anger and frustration. I had close friends of mine who were screwed by iBill. I know what went on there. It was a shitty thing that happened. Of course Cathy is going to tell you she is doing everything she can to get you paid, she was. Unfortunately she did all she could and that left a lot of people out in the cold and unpaid.

That article is from The New York Daily Times, whatever that is, not the New York Times. I have no idea what that is and how respectable it is and therefore I'm not going to comment on the article.

Again, I understand your anger and you have every right to be angry. Hopefully one day you'll place that anger where it is deserved, at those who caused iBill to fall as it did and not at those who were the face of iBill when things became public and did everything she could to get as much paid out as possible.

John,

Cathy demonstrated a lack of ability as the top executive at ibill. She came in to to fix the problems, and failed. She could not execute.

So, we have one mediocre (at best) executive running TMMSegPay. Next, and with all respect, what do you and Charlie know about banking/payment processing?

Think about it. What if TMMSegPay begin to experience problems similar to iBill (or other problems, for that matter)? You have a one mediocre executive and two other totally inexperienced executives calling the shots...

It's a good thing the adult industry is a tight community, where friends do business with friends just for the sake of keeping friendships. In the real world, this kind of deal would be destined for failure imo...

[acratophorum]

The fact that I think it's a conflict of interest for you to own part of a processing company? That's pretty clear.

I don't see CCBill or Paycom with any access to data that is not processed by them directly.

Your logic is flawed here. Not saying I disagree with you, but just because CCBill and Paycom don't have access to this sort of data, doesn't make it wrong...

[TMM_John]

John,

Cathy demonstrated a lack of ability as the top executive at ibill. She came in to to fix the problems, and failed. She could not execute.

So, we have one mediocre (at best) executive running TMMSegPay. Next, and with all respect, what do you and Charlie know about banking/payment processing?

Think about it. What if TMMSegPay begin to experience problems similar to iBill (or other problems, for that matter)? You have a one mediocre executive and two other totally inexperienced executives calling the shots...

It's a good thing the adult industry is a tight community, where friends do business with friends just for the sake of keeping friendships. In the real world, this kind of deal would be destined for failure imo...

Who said Cathy is running TMMSegPay? Myself & Charlie are, and IMO we know what we are doing regards to running a company. Even if you think we are "inexperienced executives".

You're right, Charlie and myself don't know about the banking industry. However, Cathy and other people at SegPay do, which is what they will be handling.

It is a good fit, and everyone will be doing what they know how to do.

[C H R I S]

Congrats John - Great news!

[Kimmykim]

Your logic is flawed here. Not saying I disagree with you, but just because CCBill and Paycom don't have access to this sort of data, doesn't make it wrong...

I've been in the processing business for 8 years +, going all the way back to being VP at CCBill. I don't think that my logic is flawed.

I simply see too many chances for impropriety with the data.

[acratophorum]

Who said Cathy is running TMMSegPay? Myself & Charlie are, and IMO we know what we are doing regards to running a company. Even if you think we are "inexperienced executives".

You're right, Charlie and myself don't know about the banking industry. However, Cathy and other people at SegPay do, which is what they will be handling.

It is a good fit, and everyone will be doing what they know how to do.

Ok so say that you and Charlie will be running TMMSegPAy...we now have two executives with no experience in the field running a billing company...That is a recipe for disaster in my opinion...

I wish you the best of luck though...It wouldn't surprise me if you do well, but only because your friends will support you

[acratophorum]

I've been in the processing business for 8 years +, going all the way back to being VP at CCBill. I don't think that my logic is flawed.

I simply see too many chances for impropriety with the data.

Your logic was flawed...you said that because CCBill and PayCom don't do something, that makes it a conflict of interest. That is flawed logic.

While you may be right, just because those two billing companies don't do something, doesn't necessarily make that activity wrong.

[TMM_John]

Ok so say that you and Charlie will be running TMMSegPAy...we now have two executives with no experience in the field running a billing company...That is a recipe for disaster in my opinion...

I wish you the best of luck though...It wouldn't surprise me if you do well, but only because your friends will support you

There are many aspects to running a business. We are very good at many of them. If you feel we're not I only wish to know why you feel that way.

There are people involved with SegPay with a tremendous amount of banking experience and they will be handling the banking relationships. One person at a company does not handle all aspects of a company.

Sorry you have such a negative outlook for us without even knowing exactly who or what is involved nor the backgrounds of those people.

What is it exactly that you do in this business that allows you to know how well I will do in the future?

[acratophorum]

There are many aspects to running a business. We are very good at many of them. If you feel we're not I only wish to know why you feel that way.

There are people involved with SegPay with a tremendous amount of banking experience and they will be handling the banking relationships. One person at a company does not handle all aspects of a company.

Sorry you have such a negative outlook for us without even knowing exactly who or what is involved nor the backgrounds of those people.

What is it exactly that you do in this business that allows you to know how well I will do in the future?

Don't turn this around to me. I'm just saying, usually executives of a company have experience in the respective field of the company, particulalry in the banking/finance world. There is good reason you'll never see the CEO of gap running Goldman Sachs. And your new business, as a payment processor, is definitly one of those businesses who could profit from an experienced exec.

There is a simple solution to this problem: hire an executive with payment processing experience (one without a dirtied reputation would help your cause, I'm sure).

Again, nothing personal John.

[Kimmykim]

Your logic was flawed...you said that because CCBill and PayCom don't do something, that makes it a conflict of interest. That is flawed logic.

While you may be right, just because those two billing companies don't do something, doesn't necessarily make that activity wrong.

Perhaps you'd want to look for your logic, as you seem to be missing it at the moment.

There is a very good reason that CCBill and Paycom don't do things, such as owning sites, accessing data that is processed by their competitors, etc. It would give way too much potential to a conflict of interest.

[TMM_John]

Don't turn this around to me. I'm just saying, usually executives of a company have experience in the respective field of the company, particulalry in the banking/finance world. There is good reason you'll never see the CEO of gap running Goldman Sachs. And your new business, as a payment processor, is definitly one of those businesses who could profit from an experienced exec.

There is a simple solution to this problem: hire an executive with payment processing experience (one without a dirtied reputation would help your cause, I'm sure).

Again, nothing personal John.

Sorry if you thought I was trying to make it personal, not what I meant, just curious who you are Text can be very misleading at times.

A company's ability goes much further than its CEO. Myself & Charlie are there to make sure the business end of things goes the right way. That customer's are treated right and directional decisions are made to keep the company headed in the right direction.

Cathy (who has a fantastic relationship with Visa/MC and a number of processing banks despite some people blaming her for what iBill did to them) and other people are there to make sure the banking relationships are 100% solid.

I'm very confident that the people in place will make this company very successful. I don't see why you have any reason to believe otherwise. I don't know if you know myself & Charlie, or anyone involved very well. Maybe if you did you would think differently.

[acratophorum]

Perhaps you'd want to look for your logic, as you seem to be missing it at the moment.

There is a very good reason that CCBill and Paycom don't do things, such as owning sites, accessing data that is processed by their competitors, etc. It would give way too much potential to a conflict of interest.

Again, I'm not saying you are wrong. I am saying that just because CCBill and Paycom don't do something, doesn't make that something wrong. CCBill and PayCom don't give away free credit card processing. Just because they don't, doesn't make the act of giving away credit card processing a conflict of interest.

This sounds like a silly example, but according to your logic, giving away free credit card processing would be a conflict of interest.

[acratophorum]

Sorry if you thought I was trying to make it personal, not what I meant, just curious who you are Text can be very misleading at times.

A company's ability goes much further than its CEO. Myself & Charlie are there to make sure the business end of things goes the right way. That customer's are treated right and directional decisions are made to keep the company headed in the right direction.

Cathy (who has a fantastic relationship with Visa/MC and a number of processing banks despite some people blaming her for what iBill did to them) and other people are there to make sure the banking relationships are 100% solid.

I'm very confident that the people in place will make this company very successful. I don't see why you have any reason to believe otherwise. I don't know if you know myself & Charlie, or anyone involved very well. Maybe if you did you would think differently.

I gotta disagree with you on the CEO point John. A company is all about its leadership in my opinion. A good competent qualified leader will make or break a company. You and Charlie clearly have done well running NATS, but that doesn't guarantee that you will have the same success running a more or less unrelated business. I hope you do well, just because this industry needs more payment options.

[TMM_John]

I gotta disagree with you on the CEO point John. A company is all about its leadership in my opinion. A good competent qualified leader will make or break a company. You and Charlie clearly have done well running NATS, but that doesn't guarantee that you will have the same success running a more or less unrelated business. I hope you do well, just because this industry needs more payment options.

Give us a chance and let us show you When Charlie got involved with me at TMM he knew NOTHING about software. Now you would think he was a seasoned veteran at running a software company. We are both very quick learners and very good at what we do, which is lead.

[acratophorum]

Give us a chance and let us show you When Charlie got involved with me at TMM he knew NOTHING about software. Now you would think he was a seasoned veteran at running a software company. We are both very quick learners and very good at what we do, which is lead.

John, I hope I will eat my words. I really do.

[DWB]

I would like them to explain exactly what happened in detail to you.

The people from IBill should have explained EXACTLY what happened, in detail, a long time ago when it happened. To do so now is a little late if you ask me.

I know TMM is a solid and honest company but that just sounds bad.

Congrats none the less. Nice move.

[TMM_John]

The people from IBill should have explained EXACTLY what happened, in detail, a long time ago when it happened. To do so now is a little late if you ask me.

I know TMM is a solid and honest company but that just sounds bad.

Congrats none the less. Nice move.

Thanks. We're really looking forward to what we can do for the industry with this acquisition.

And you're right. They should have handled their situation much differently than they did. Cathy's hands were tied for much of it and she did what she could. Now that it is all said and done you should hear the story of what went on there. That is something best to do face to face tho.

[charlieb]

My dear friend Charlie Berrebbi informed me a short time ago about this acquisition and I was thrilled by it, practically jumped out of my chair in excitement for such wonderful people. Too Much Media is an amazing company to be apart of and they have done all of us all a great service by staying honest and professional in all that they do.

My best wishes and hope for more great things to come from everyone of you

Thanks for the kind words. Looking forward to seeing you again in Vegas!

[will76]

Sorry, But to even hear the word "Ibill" and any past association with them is enough to say no thanks. I have a 10,277.61 reasons for this. I have every email from them as they promised payment to me. To date... ZERO payout. Cathy might just be a great person... but you know what... she GOT her paycheck. I never got mine.

yeap. I have to agree with this as well. I have 50,000+ reasons of my own.

She was the CEO of a company that fucked me out of a nice chunk of cash. Not to mention she worked with the company in an upper level position for several years. Sorry, she might not have been the problem BUT she had to know that there was a problem and she stayed on and collected money. I would have quit personally instead of staying knowing that it was a fucked up situation. Maybe she is a great person, i know she didn't own the company, but i can't get passed it. I've seen it happen before with Web800. They go under and before the flame are out their "crew" starts digiblaze. 1 year later that one is out of business. There other options out there that have been in business for years that have not had any trouble in the past. Why should I try someone who worked at the company (for a long time and was in upper level position) that not only went out of business but cost me a lot of money in the process. For me there is no second chances, I am not in the business of giving someone the benefit of the doubt. Now if Segpay wanted to pay me what ibill owed me, then i would be willing to give them a shot. until then I would stick with a company that has a proven record, not CEO's and employees with questionable pasts.

[harvey]

Bump for John and the NATS crew, nice move and I'm sure things will go great now, they're top notch people

[TMM_John]

yeap. I have to agree with this as well. I have 50,000+ reasons of my own.

She was the CEO of a company that fucked me out of a nice chunk of cash. Not to mention she worked with the company in an upper level position for several years. Sorry, she might not have been the problem BUT she had to know that there was a problem and she stayed on and collected money. I would have quit personally instead of staying knowing that it was a fucked up situation. Maybe she is a great person, i know she didn't own the company, but i can't get passed it. I've seen it happen before with Web800. They go under and before the flame are out their "crew" starts digiblaze. 1 year later that one is out of business. There other options out there that have been in business for years that have not had any trouble in the past. Why should I try someone who worked at the company (for a long time and was in upper level position) that not only went out of business but cost me a lot of money in the process. For me there is no second chances, I am not in the business of giving someone the benefit of the doubt. Now if Segpay wanted to pay me what ibill owed me, then i would be willing to give them a shot. until then I would stick with a company that has a proven record, not CEO's and employees with questionable pasts.

It was good talking with you. Hopefully as you said, time will heal some wounds, and I hope you'll see how things will be run with us at the helm.

[DWB]

BTW... when is 4.0 coming out?

[TMM_John]

BTW... when is 4.0 coming out?

We are on track to do the first betas of v4 at the end of this month

[Kimmykim]

So, is Chris Williams still at Segpay? Just curious.

[TMM_John]

So, is Chris Williams still at Segpay? Just curious.

Yes.

5678

[DEA - banned for life]

Why would anyone use a company that employs cathy beardsley or ANY ex-ibill EXECUTIVES !

Are you fucing kidding me?

FACT: Cathy Beardsly GOT PAID EVERY SINGLE DIME IBILL Owned her for Work.

FACT: HER CHECKS CAME FROM WEBMASTERS UNPAID REVENUE.

FACT : SHE ASSURED IBILL CLIENT THEY WOULD GET THERE MONEY

FACT: SHE NEVER CONTACTED A SINLGE WEBMASTER TO APOLIGIZE FOR HER/IBILLS ACTIONS DURING OR AFTER HER NUMEROUS PROMISES THAT SHE FAILED TO KEEP.


FACT: WEBMASTERS SHOULD NOT USE SEGPAY OUT OF PRINCIPLE.


AND PR...you can make exxcuses for cathy all day long but unles you deat with her/ibill during the revelant time period and lost THOUSANDS of dollars then what you have to say means jack fucking shit....

Did ibill burn you for tens of thousands of dollars?
did you deal with cathy beardsly 2 yeas ago?
Me thinks not.

[DEA - banned for life]

would i buy stock in a new company that former ENRON Ceo and convicted felon Kenneth Lay was a Executive at? No i wouldnt.

Why would i trust my money to a new company <segpay>thats employing the Ex-CEO <cathy beardsly> of an old company<ibill> that stole my money once before?

[TMM_John]

Why would anyone use a company that employs cathy beardsley or ANY ex-ibill EXECUTIVES !

Are you fucing kidding me?

FACT: Cathy Beardsly GOT PAID EVERY SINGLE DIME IBILL Owned her for Work.

FACT: HER CHECKS CAME FROM WEBMASTERS UNPAID REVENUE.

FACT : SHE ASSURED IBILL CLIENT THEY WOULD GET THERE MONEY

FACT: SHE NEVER CONTACTED A SINLGE WEBMASTER TO APOLIGIZE FOR HER/IBILLS ACTIONS DURING OR AFTER HER NUMEROUS PROMISES THAT SHE FAILED TO KEEP.


FACT: WEBMASTERS SHOULD NOT USE SEGPAY OUT OF PRINCIPLE.


AND PR...you can make exxcuses for cathy all day long but unles you deat with her/ibill during the revelant time period and lost THOUSANDS of dollars then what you have to say means jack fucking shit....

Did ibill burn you for tens of thousands of dollars?
did you deal with cathy beardsly 2 yeas ago?
Me thinks not.

I'm done saying the same thing over and over again to a few people. If you don't like it, don't use it. It is as simple as that.

[will76]

yeap. I have to agree with this as well. I have 50,000+ reasons of my own.

She was the CEO of a company that fucked me out of a nice chunk of cash. Not to mention she worked with the company in an upper level position for several years. Sorry, she might not have been the problem BUT she had to know that there was a problem and she stayed on and collected money. I would have quit personally instead of staying knowing that it was a fucked up situation. Maybe she is a great person, i know she didn't own the company, but i can't get passed it. I've seen it happen before with Web800. They go under and before the flame are out their "crew" starts digiblaze. 1 year later that one is out of business. There other options out there that have been in business for years that have not had any trouble in the past. Why should I try someone who worked at the company (for a long time and was in upper level position) that not only went out of business but cost me a lot of money in the process. For me there is no second chances, I am not in the business of giving someone the benefit of the doubt. Now if Segpay wanted to pay me what ibill owed me, then i would be willing to give them a shot. until then I would stick with a company that has a proven record, not CEO's and employees with questionable pasts.

i just wanted to note that my comments about " CEO's and employees with questionable pasts" were directed at the people who use to work at ibill. It had sounded like the old ibill CEO (katy) is also the one running the show at segpay as well. If John is the "CEO" of tmmsegpay i am not implying he is the one with the questionable past.

I hope this works out for the best for everyone involved. This industry has had too many 3rd party processors fail.