Here is all I have to offer (and some of this cannot be classified as fact or fiction ..... Yet)
1) It seems that Verfied by Visa (VBV) will be introduced in the United States from April 2003, and the progressively rolled out internationally (hence why my Aussie mates cant register their Visa Cards)
2) VBV is not compulsory, but will be offered to any Visa Cardholder who has a card with an acquiring bank that is VBV enabled
3) This wil probably mean that the IPSP's will somehow (how, I am not too sure on) allow Visa to advertise VBV during each transaction
And finally - the big one
4) I havent yet been given concrete evidence of whether or not the VBV system will require a password to be entered with each rebill yet. I have spoken with a close contact of mine in Visa, and been advised (quietly) that this may be an option, and the umpire is out on the decision.
I did ask this question of the Billing panel at InterNext, and the answers werent totally forthcoming on that one
It is obvious to me that if a surfer has to OK every rebill B4 it happens, Pay Per Join systems based on rebil income will be FUCKED
Now I hope the IPSP's all come along now and tell me how fucked in the head I am re point 4. But I remember back to around Aug/Sep last year when I asked one of my IPSP's "will these new Visa rules affect me much"?
The answer was "nah, its just reporting stuff, which we have been doin for ages anyways, you''ll be right".
Now, those Visa changes have so far:
a, cost me about $40k in compliance costs
b, made me hire another accountant just to figure out the entire mess
c, made me have to put up with missed payments and or low payments
So c'mon the IPSP's - this time give us the full story - or just say like me "fucked if I know". At least that way we are all in the same boat
Other than that, I have fuck all to add except:
Brisbane shits all over Harvey Bay for the best place in the world to live
Hugs to all
Daniel