2Much Internet Services was forced to a standstill over the weekend of January 16-19 when its newly formed network of websites virtually lost the capacity to accept payments from clients.
February 1, 2004 (Press Release) --
Montreal, Quebec, February 1 2004-- 2Much Internet Services, the 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 the weekend of January 16-19 when its newly formed network of websites virtually lost the capacity to accept payments from clients.
ProBilling, the 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 the increased scrutiny by the credit card associations we feel that we can no longer offer reliable credit card processing”. Pro Billing cancelled these services with only a four-day warning on Visa and none for MasterCard.
2Much powers a few dozen chat websites and requires reliable third-party billing to enable customer purchases. But normal operations were put on hold until a deal could be inked.
2Much President and CEO Mark Prince immediately began approaching companies for compatibility to the 2Much system. Billing companies aren't standardized. “We have had to write new software,” said Ye Zhang, head programmer at 2Much.net, “for each billing company we tested.”
“It was hell,” Prince said. “Phones rang, customers were nervous. They just dropped $12,000 on our software and they needed service. It has been hectic.” Prince remained upbeat throughout, he claims.
Five days past the deadline, 2Much was still testing. “We’re looking into standardizing ourselves with one company in particular, but I won’t say any more for now,” said Prince.
His lack of rancor notwithstanding, Prince had a bone to pick with ProBilling. “They announced it on a Friday, making finding another company to work with harder. Nobody was open on Martin Luther King Day, a three-day weekend.”
Despite a quick response by 2Much, the eleventh-hour announcement has been unduly harmful. “2much sites had approximately 70% drop in sales, ” said Prince.
"They may have lost a few sales," said 2Much Communications Director Greg Jones, “but not faith in 2much. Actually, reactions have been encouraging and calm on behalf of the webmasters. I think that demonstrates a great amount of faith and understanding on their part. I just hope no one took too much of a financial beating.”
Prince was even more confident. “LiveCamNetwork 1.9 features MBase model sharing and our e-wallet system. All this will be forgotten inside a week. We’ve already signing with billing companies as I speak. Now is time to get back to making money.”
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ProBilling, the 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 the increased scrutiny by the credit card associations we feel that we can no longer offer reliable credit card processing”. Pro Billing cancelled these services with only a four-day warning on Visa and none for MasterCard.
2Much powers a few dozen chat websites and requires reliable third-party billing to enable customer purchases. But normal operations were put on hold until a deal could be inked.
2Much President and CEO Mark Prince immediately began approaching companies for compatibility to the 2Much system. Billing companies aren't standardized. “We have had to write new software,” said Ye Zhang, head programmer at 2Much.net, “for each billing company we tested.”
“It was hell,” Prince said. “Phones rang, customers were nervous. They just dropped $12,000 on our software and they needed service. It has been hectic.” Prince remained upbeat throughout, he claims.
Five days past the deadline, 2Much was still testing. “We’re looking into standardizing ourselves with one company in particular, but I won’t say any more for now,” said Prince.
His lack of rancor notwithstanding, Prince had a bone to pick with ProBilling. “They announced it on a Friday, making finding another company to work with harder. Nobody was open on Martin Luther King Day, a three-day weekend.”
Despite a quick response by 2Much, the eleventh-hour announcement has been unduly harmful. “2much sites had approximately 70% drop in sales, ” said Prince.
"They may have lost a few sales," said 2Much Communications Director Greg Jones, “but not faith in 2much. Actually, reactions have been encouraging and calm on behalf of the webmasters. I think that demonstrates a great amount of faith and understanding on their part. I just hope no one took too much of a financial beating.”
Prince was even more confident. “LiveCamNetwork 1.9 features MBase model sharing and our e-wallet system. All this will be forgotten inside a week. We’ve already signing with billing companies as I speak. Now is time to get back to making money.”
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