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More on Stormpay – the Clarksville company imbroiled in scandal February 23, 2006

Posted by Pontiff in micropayments, stormpay, StormPay Messages.
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Some more news on Stormpay which is the Clarksville company that’s been in the middle of a serious web scandal.

Meanwhile, the BBB in Nashville, Tennessee rolled out a new report on Storm Pay, the online payment service that froze the 12 Daily Pro account, precipitating this mess. The report is not flattering, highlighting a history of unresolved complaints. With the consent of the people who submitted complaints, the BBB of Middle Tennessee has also shared its information with the FBI’s resident agent in Nashville.

One other thing: When ABC 4 talked with Storm Pay executives on Monday, they claimed that 12 Daily Pro was just a small portion of their overall business; 3 to 10 percent, they said. But a graphic from Alexa.com of web traffic for the two companies seems to indicate a different story. The tracks are almost identical. Both rise sharply through January, and then plummet in February. It would appear that Storm Pay’s fate is more closely tied to 12 Daily Pro than its executives care to admit.

Article Writing and Marketing Blog : Webblogerz Dot Com » FBI leading the investigation of 12 Daily Pro

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Micropayment Mess in Clarksville February 12, 2006

Posted by Pontiff in micropayments, Pontification.
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Micopayments are one of those Slashdot – ‘Web 2.0’ subjects that never die. Or so it seems. Acording to the Clarksville Leaf-Chronicle the FBI has taken an interest in one of the other [non Pay Pal] micropayment vendors after thousands of Stormpay customers complained they couldn’t access their money. Stormpay is based in Clarksville and untill now was one of the more viable competitors to Pay Pal.

The scoop is that Stormpay was probably acting in good faith when it froze the accounts of the customers of 12DailyPro.com which is a a web ponzi scheme of the pay for clicks variety.

According to Netcraft Stormpay has been under a constant DDos attack for the last few days.

“StormPay has been mentioned in recent news stories after it froze the payment processing account of 12daily-Pro.com, a controversial service that pays users to view Internet ads. 12daily-pro.com is under investigation by the FBI and SEC, according to a front-page story in today’s Wall Street Journal (subscription site). Many web hosting companies use Stormpay to process payments for recurring services, and its outages have been widely discussed this week on web hosting forums.”

So where are we now with Micropayments? It seems we’ve come so far and yet micropayments seem to be the golden goose that never lays and egg. Is Google going to ride to our rescue?

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