i just went to that first link and entered my cc number to see if I am eligible for a password ...
it spat me back an error page, that had my local bank here in australia with a contact phone number for the branch that handles it. pretty cool ...
but is this how it will work when someone wants a wank? they have to make a phonecall to their bank first?
does it work for american's easier than that? can someone please try it?
Rolo, all I can say is that I'm glad the 3 month membership option, paid up front, has always been so popular with my female surfers ;-)
IMO the companies that this will effect the most are the high paying programs who pay per trial or even per active member. lots of old classic never fail billing/payout models are not going to work anymore.
lots depends on what happens with recurring billing options and how visa chooses to handle that, and what loop holes they forget to cover. hopefully a big mainstream company like aol tries to sue them on behalf of recurring billers everywhere ;-)
I like this part:
Quote:
Better still, Visa and MasterCard are mandating a global "liability shift" from
April 2003 which places liability for some fraud-related costs with the card
issuer rather than the merchant.
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