Montreal, Quebec (January 27, 2004) – 2Much Internet Services,
company responsible for last year’s surprise entry in high-end video-audio streaming and billing software, LiveCamNetwork 1.9, was forced to a standstill over weekend of January 16-19 when its newly formed network of websites virtually lost capacity to accept payments from clients.In what can be seen as yet another deadly Internet undertow, ProBilling, third-party billing company 2much.net has dealt with since last summer, announced it would cease all credit card billing services, with only e-checking remaining.
Citing “challenging times for all online credit card processing companies” in their January 16 bombshell communiqué, Probilling claimed “due to increased scrutiny by credit card associations we feel that we can no longer offer reliable credit card processing”. Calling credit giants “high risk processing” Pro Billing cancelled these services with only a four-day warning on Visa and none for MasterCard.
2Much Internet services, which powers a few dozen chat websites and requires a reliable third-party billing processor to enable customer purchases, was obliged to put normal operations on hold and hunt market to seal a deal before January 20th deadline.
2Much President and CEO Mark Prince and his programming team immediately began approaching companies, dealing for compatibility to 2Much system. Each billing company is unique and shares no standards when communicating sensitive customer data between transaction points. “We have had to write new software,” said Ye Zhang, head programmer at 2Much.net, “for each of billing companies we have tested.”
The distinctive E-Wallet system LiveCamNetwork 1.9 uses simplifies purchases for end users but can’t be universally adapted to just any third party billing system. 2much.net had unpleasant option to either re-write its LiveCamNetwork software or reconsider system altogether, but in end decided against either course.
