Jettis EU and PSW take a dive

Fisty Palmer · 2003-11-26, 06:53 PM

From email that went out today to Jettis clients:

"As we are sure you are aware, we have witnessed significant changes in the High Risk processing Industry over the past year, but none quite as dramatic as the past six months. Due to the increased scrutiny of this industry by the credit card associations, our EU bank just notified us that it has decided to close this portion of their portfolio as of Friday, November 28, 2003. As a result, we will no longer be able to process your Visa EU transactions after that date. For clarification purposes, Jettis' accounts were in good standing. The bank notified us that their decision to no longer support the processing activities of adult IPSP's was widespread and was not aimed solely at Jettis. It is important to note that this notice has no effect whatsoever on Jettis clients based in the US."

Well, perhaps for the time being.

Also read that PSW is going belly up.

This industry sure changes fast.

2003-11-26, 06:53 PM	#1
Fisty Palmer Lord help me, I'm just not that bright Join Date: Aug 2003 Location: The Left Coast Posts: 104	Jettis EU and PSW take a dive From email that went out today to Jettis clients: "As we are sure you are aware, we have witnessed significant changes in the High Risk processing Industry over the past year, but none quite as dramatic as the past six months. Due to the increased scrutiny of this industry by the credit card associations, our EU bank just notified us that it has decided to close this portion of their portfolio as of Friday, November 28, 2003. As a result, we will no longer be able to process your Visa EU transactions after that date. For clarification purposes, Jettis' accounts were in good standing. The bank notified us that their decision to no longer support the processing activities of adult IPSP's was widespread and was not aimed solely at Jettis. It is important to note that this notice has no effect whatsoever on Jettis clients based in the US." Well, perhaps for the time being. Also read that PSW is going belly up. This industry sure changes fast.