A Jettis / Paycom Announcement - Important Industry News - GoFuckYourself.com

Chris Mallick · 07-29-2004, 12:08 PM

I am posting this announcement here and on other Webmaster boards on behalf of Paycom and with Jettis' permission. Replies will be from Kjell Petridis, Ken Lawson, Clay Andrews and / or me.

A Jettis / Paycom Announcement - Important Industry News

July 29, 2004, Marina del Rey, California? Paycom.net, LLC, a California based Internet Payment Service Provider (?IPSP?), announced today that it has completed the acquisition of certain credit card processing contracts from Jettis, Inc., another California based IPSP. The privately held companies did not disclose the details of the transaction. However, both company?s Officers commented on the transaction.

Christopher Mallick, CEO of Paycom commented, ?We are pleased to announce that we have completed the acquisition of Jettis? IPSP portfolio. This transaction brings to the marketplace the best services and systems available in online credit card transaction processing today and solidifies our role as an industry leader. We are also extremely proud to announce that Kjell Petridis and Ken Lawson have agreed to join Paycom exclusively as our IPSP Consultants. Kjell and Ken will assist Paycom and Jettis? former clients in migration to our platform and will ensure continuity in our operations.?

Ken Lawson, the Jettis CEO commented, ?Jettis has sold its IPSP business in the credit card processing space, on a going forward basis, to Paycom. We see this as a tremendous opportunity for our clients to go forward with a trusted leader in credit card processing services. We have been impressed with the quality of service Paycom provides to its clients and are confident that our clients will agree that this is a positive move. Jettis has seen very rapid growth in its ACH division over the last year and has recently developed several new technologies which will enable us to become leaders in that space. This transaction will allow us to focus 100% of our time and resources on our rapidly growing ACH and Credit Card Gateway services.?

Kjell Petridis, Jettis? President commented, ?Paycom?s Zero Reserve Policy will be considered an additional financial benefit to those Jettis clients that will now be processing through Paycom. Jettis will continue to provide ACH check processing and credit card gateway services to our valued clients.?

Clay Andrews, Paycom?s President commented, ?We at Paycom have always held Ken, Kjell and the entire Jettis operation in the highest regard. We are therefore very fortunate to be welcoming Ken and Kjell as integral members of Paycom?s IPSP team of Consultants. The combination of our mutual talents and expertise will strengthen the marketplace through a focused attention to specific areas of expertise.?

Joel Hall, Paycom?s Chief Technical Officer stated, ?Jettis? former clients will not have any technical issues to deal with, nor will there be any interruption in processing of new sales or recurring transactions. Our system is robust and scalable and the technical integration process has been seamless ? we are live now.?

Both companies confirmed that Jettis is still responsible for all aspects of any credit card transactions processed by Jettis prior to the date of sale to Paycom. Paycom and Jettis will continue to compete in the ACH check processing and credit card gateway markets. However, Jettis will no longer be an IPSP, as a condition of the sale.

Mallick further commented, ?We believe that both our clients and the payment card processing industry will view this as a positive development. Today?s announcement is one which ensures long-term success to our clients and continues to provide the marketplace with the excellent service and financial strength they have come to know and trust from both Paycom and Jettis.?

Press Inquiries should be directed to Rand Pate, Corporate Communications Director, Paycom.net, LLC by email to [email protected]

J.R. · 07-29-2004, 12:10 PM

Nice!

Best of luck!

robfantasy · 07-29-2004, 12:12 PM

WOW Paycom is the major player in IPSP

mb · 07-29-2004, 12:13 PM

I knew I made a good choice when I went with Paycom ;-)

marc

Theo · 07-29-2004, 12:13 PM

Now these are BIG news. Congratulations.

tony286 · 07-29-2004, 12:14 PM

Congrats Chris

SleazyDream · 07-29-2004, 12:14 PM

Dax · 07-29-2004, 12:14 PM

Fuck!!!!

That sucks.. I liked Jettis!!

J.R. · 07-29-2004, 12:15 PM

I have proudly been using Epoch/Paycom
since 1997!

12clicks · 07-29-2004, 12:15 PM

Congratulations Chris.

Dax · 07-29-2004, 12:15 PM

What is jettis gonna do / be now?

JFK · 07-29-2004, 12:15 PM

Congrats Chris and Paycom

Bryan Havoc · 07-29-2004, 12:16 PM

wow. that's big.

SleazyDream · 07-29-2004, 12:18 PM

this looks like a good move - size matters when dealing with visa, and jettis and paycom together will have a better voice to represent the industry as a whole which is in all our interests

Dax · 07-29-2004, 12:19 PM

Quote:

Originally posted by Chris Mallick

Joel Hall, Paycom?s Chief Technical Officer stated, ?Jettis? former clients will not have any technical issues to deal with, nor will there be any interruption in processing of new sales or recurring transactions. Our system is robust and scalable and the technical integration process has been seamless ? we are live now.?

NO need to change links?

This is gonna be one LOOOONG thread!

imageman · 07-29-2004, 12:19 PM

The Best just got better !

Congrats Chris

.

Jason · 07-29-2004, 12:20 PM

this will be interesting.

D-Money · 07-29-2004, 12:20 PM

I've been saying this for years.

Epoch/Paycom is the #1 processor and the biggest.

TDF · 07-29-2004, 12:21 PM

Mike AI · 07-29-2004, 12:25 PM

Congradulations to Jettis and Epoch.

CyberAgeGary · 07-29-2004, 12:25 PM

Paycom is now one huge company, will they be in Miami? What does that mean for people that are using Jettis?

WiredGuy · 07-29-2004, 12:29 PM

Congrats Chris and Rand, a great acquisition

WG

$tandaman · 07-29-2004, 12:30 PM

what happens to everyone who was doing cascading with paycom and jettis

)))

Congrats Chris! Paycom all the way!!!

Dax · 07-29-2004, 12:32 PM

Quote:

Originally posted by garygmoney
Paycom is now one huge company, will they be in Miami? What does that mean for people that are using Jettis?

" Joel Hall, Paycom?s Chief Technical Officer stated, ?Jettis? former clients will not have any technical issues to deal with, nor will there be any interruption in processing of new sales or recurring transactions. Our system is robust and scalable and the technical integration process has been seamless ? we are live now.? "

gsimm33 · 07-29-2004, 12:32 PM

bleargh. Now my secondary processor is my primary all over again...

the Shemp · 07-29-2004, 12:32 PM

very big news, congratulations Chris and Paycom...

RP Fade · 07-29-2004, 12:34 PM

Congrats..paycom is our primary processor for a reason

sybianguru · 07-29-2004, 12:35 PM

very skinteresting-= I am curious to see how it plays out

aimeesweet · 07-29-2004, 12:36 PM

Congratulations Chris!

xoxo

Ken · 07-29-2004, 12:36 PM

Quote:

Originally posted by Dax
What is jettis gonna do / be now?

--------------------------------------------------------------------------

Good Question!

Dax,

Paycom specializes in the IPSP (third party) business and we feel they are the best in the industry at what they do. This is why we choose to trust them to service our valued IPSP clients on a going forward basis.

Jettis has always had a large portfolio of "gateway" clients whom we will continue to service.

In addition, Jettis has experienced rapid growth in it's ACH division over the past year. Due to some very strategic relationships and innovative technology, we have very big plans for our ACH business both in adult and mainstream. Our ACH and gateway business units will become a major focus for us.

Epoch · 07-29-2004, 12:37 PM

Quote:

Originally posted by Dax
NO need to change links?

This is gonna be one LOOOONG thread!

Yes we need for you to change your links.

We have a temporary solution in place to transfer joins from Jettis join forms to Paycom. But this is only temporary.

Common Paycom/Jettis Clients - Please remove your links to Jettis Join forms and only use Paycom Join Form Links, this will obviously bypass the temporary solution. Once this is done you will not need to do anything else.

Jettis Clients New to Paycom - You will need to obtain your join form link information from our support staff. Replace your current Jettis links with Paycom links.

If you want to use our flexpost interface you can obtain the API from support.

Please emaiil [email protected] with your company name and site information. Support will also be able to provide you with your account login information.

Clay
EPOCH

gsimm33 · 07-29-2004, 12:41 PM

Quote:

Originally posted by Ken
--------------------------------------------------------------------------

Good Question!

Dax,

Paycom specializes in the IPSP (third party) business and we feel they are the best in the industry at what they do. This is why we choose to trust them to service our valued IPSP clients on a going forward basis.

Jettis has always had a large portfolio of "gateway" clients whom we will continue to service.

In addition, Jettis has experienced rapid growth in it's ACH division over the past year. Due to some very strategic relationships and innovative technology, we have very big plans for our ACH business both in adult and mainstream. Our ACH and gateway business units will become a major focus for us.

Canadian checks, maybe?

Dax · 07-29-2004, 12:41 PM

Quote:

Originally posted by Epoch
Jettis Clients New to Paycom - You will need to obtain your join form link information from our support staff. Replace your current Jettis links with Paycom links.

If you want to use our flexpost interface you can obtain the API from support.

Please emaiil [email protected] with your company name and site information. Support will also be able to provide you with your account login information.

Clay
EPOCH

I imagine that you will be sending out an email with our new user / pass ??? For the epoch support? Webmaster area?

That is even if we do not email support right now...

V_RocKs · 07-29-2004, 12:42 PM

Sounds great. I always thought both companies were very similar anyway. I imagine that because they are so similar the only change that is needed is the sign on the door.

Look out Ibill... ;)

Does Ibill even have a rep on this board?

BuckLover · 07-29-2004, 12:43 PM

Hey Chris, excellent work!

Shap · 07-29-2004, 12:43 PM

ARGH this is the worst news i've had in the last 5 years. Just great ARGH

07-29-2004, 12:45 PM

Excellent news!
This will be great when more battles with the major CC's take place. Large companies have much more pull than a bunch of small processors together.

smack · 07-29-2004, 12:46 PM

XBizLori · 07-29-2004, 12:46 PM

http://www.xbiz.com/

for added scoop

Xenophage · 07-29-2004, 12:46 PM

Well congrats to ken and chris for puttin it all together !

You guys are both leaders and I do biz with both of you !

Rick Latona · 07-29-2004, 12:47 PM

Paycom is the smartest and most powerrful company in the entire industry. Chris Mallick, you will always be my mentor. I bow to you, again.

SomeCreep · 07-29-2004, 12:47 PM

wow, big news. Congrats paycom

adonis · 07-29-2004, 12:48 PM

How about EU clients of Jettis??
Paycom doesn't accept EU clients.

gsimm33 · 07-29-2004, 12:48 PM

Is this effective immediately, or do we have to scramble to get a secondary processor (for those of us who use Epoch and Jettis)?

ElvisManson · 07-29-2004, 12:48 PM

Chris,

That is fantastic news!!!

On Behalf of DVP, Chad and everyone here at Python, Congrats.

I am sure you, Clay and more than a few others have worked hard on making this happen.

and Congrats to Ken and the rest of the Jettis team.

You going to be passing out Cigars at the show?

Epoch · 07-29-2004, 12:49 PM

Quote:

Originally posted by Dax
I imagine that you will be sending out an email with our new user / pass ??? For the epoch support? Webmaster area?

That is even if we do not email support right now...

You will need to contact support and verify yourself. We will not be sending out login information until your account is verified for security reasons.

Clay
EPOCH

Shap · 07-29-2004, 12:49 PM

What really sucks is that webmasters that wanted to use epoch would be using them. There is a reason we never used them and don't want to use them.

Giorgio_Xo · 07-29-2004, 12:51 PM

Wow. Chris! Start a fucking bank. That would be the best next move. Congrats.

Epoch · 07-29-2004, 12:52 PM

Quote:

Originally posted by gsimm33
Is this effective immediately, or do we have to scramble to get a secondary processor (for those of us who use Epoch and Jettis)?

Effective immediately

Clay
EPOCH

Lensman · 07-29-2004, 12:52 PM

Clay and Chris, the 2 richest guys in the biz.

Congrats!

07-29-2004, 12:12 PM	#3
robfantasy Confirmed User Industry Role: Join Date: Jun 2002 Location: Medellin, Colombia Posts: 6,445	WOW Paycom is the major player in IPSP __________________ Looking to speak w/ high volume nutra CPA affiliates or networks... msg me

07-29-2004, 12:14 PM	#7
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	wow __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

07-29-2004, 12:15 PM	#10
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,737	Congratulations Chris. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.

07-29-2004, 12:15 PM	#12
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,381	Congrats Chris and Paycom __________________ Sig Spot Available –contact JFK @ FUBARWebmasters.com FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

07-29-2004, 12:16 PM	#13
Bryan Havoc Confirmed User Join Date: Aug 2002 Location: New Jersey Posts: 784	wow. that's big. __________________ Bryan Havoc // ICQ - 165029472 [email protected] FreePaysiteCash.com

07-29-2004, 12:08 PM	#1
Chris Mallick Confirmed User Join Date: Jan 2002 Location: Marina del Rey, CA, USA Posts: 679	A Jettis / Paycom Announcement - Important Industry News I am posting this announcement here and on other Webmaster boards on behalf of Paycom and with Jettis' permission. Replies will be from Kjell Petridis, Ken Lawson, Clay Andrews and / or me. A Jettis / Paycom Announcement - Important Industry News July 29, 2004, Marina del Rey, California? Paycom.net, LLC, a California based Internet Payment Service Provider (?IPSP?), announced today that it has completed the acquisition of certain credit card processing contracts from Jettis, Inc., another California based IPSP. The privately held companies did not disclose the details of the transaction. However, both company?s Officers commented on the transaction. Christopher Mallick, CEO of Paycom commented, ?We are pleased to announce that we have completed the acquisition of Jettis? IPSP portfolio. This transaction brings to the marketplace the best services and systems available in online credit card transaction processing today and solidifies our role as an industry leader. We are also extremely proud to announce that Kjell Petridis and Ken Lawson have agreed to join Paycom exclusively as our IPSP Consultants. Kjell and Ken will assist Paycom and Jettis? former clients in migration to our platform and will ensure continuity in our operations.? Ken Lawson, the Jettis CEO commented, ?Jettis has sold its IPSP business in the credit card processing space, on a going forward basis, to Paycom. We see this as a tremendous opportunity for our clients to go forward with a trusted leader in credit card processing services. We have been impressed with the quality of service Paycom provides to its clients and are confident that our clients will agree that this is a positive move. Jettis has seen very rapid growth in its ACH division over the last year and has recently developed several new technologies which will enable us to become leaders in that space. This transaction will allow us to focus 100% of our time and resources on our rapidly growing ACH and Credit Card Gateway services.? Kjell Petridis, Jettis? President commented, ?Paycom?s Zero Reserve Policy will be considered an additional financial benefit to those Jettis clients that will now be processing through Paycom. Jettis will continue to provide ACH check processing and credit card gateway services to our valued clients.? Clay Andrews, Paycom?s President commented, ?We at Paycom have always held Ken, Kjell and the entire Jettis operation in the highest regard. We are therefore very fortunate to be welcoming Ken and Kjell as integral members of Paycom?s IPSP team of Consultants. The combination of our mutual talents and expertise will strengthen the marketplace through a focused attention to specific areas of expertise.? Joel Hall, Paycom?s Chief Technical Officer stated, ?Jettis? former clients will not have any technical issues to deal with, nor will there be any interruption in processing of new sales or recurring transactions. Our system is robust and scalable and the technical integration process has been seamless ? we are live now.? Both companies confirmed that Jettis is still responsible for all aspects of any credit card transactions processed by Jettis prior to the date of sale to Paycom. Paycom and Jettis will continue to compete in the ACH check processing and credit card gateway markets. However, Jettis will no longer be an IPSP, as a condition of the sale. Mallick further commented, ?We believe that both our clients and the payment card processing industry will view this as a positive development. Today?s announcement is one which ensures long-term success to our clients and continues to provide the marketplace with the excellent service and financial strength they have come to know and trust from both Paycom and Jettis.? Press Inquiries should be directed to Rand Pate, Corporate Communications Director, Paycom.net, LLC by email to [email protected] __________________ Chris Mallick [email protected]

07-29-2004, 12:10 PM	#2
J.R. Confirmed User Join Date: Feb 2002 Location: Calif & Washington Posts: 3,467	Nice! Best of luck!

07-29-2004, 12:13 PM	#4
mb Confirmed User Join Date: May 2001 Location: San Diego Posts: 1,550	I knew I made a good choice when I went with Paycom ;-) marc

07-29-2004, 12:13 PM	#5
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,524	Now these are BIG news. Congratulations.

07-29-2004, 12:14 PM	#6
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	Congrats Chris

07-29-2004, 12:14 PM	#8
Dax Confirmed User Industry Role: Join Date: Apr 2002 Location: USA Posts: 3,161	Fuck!!!! That sucks.. I liked Jettis!!

07-29-2004, 12:18 PM	#14
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	this looks like a good move - size matters when dealing with visa, and jettis and paycom together will have a better voice to represent the industry as a whole which is in all our interests __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

07-29-2004, 12:19 PM	#16
imageman Confirmed User Join Date: Jun 2003 Posts: 1,938	The Best just got better ! Congrats Chris .

07-29-2004, 12:20 PM	#17
Jason Confirmed User Industry Role: Join Date: Dec 2002 Posts: 4,287	this will be interesting. __________________ I stay busy.

07-29-2004, 12:20 PM	#18
D-Money Too lazy to set a custom title Industry Role: Join Date: Feb 2002 Location: Player Del Ray Posts: 9,716	I've been saying this for years. Epoch/Paycom is the #1 processor and the biggest. __________________ Still Ballin'

07-29-2004, 12:21 PM	#19
TDF Triple OG nigga on GFY Industry Role: Join Date: Mar 2002 Location: in the BP4L family compound Posts: 27,296	wow __________________ Sig heil

07-29-2004, 12:25 PM	#20
Mike AI Confirmed User Join Date: Jan 2001 Location: Elysian Fields Posts: 3,624	Congradulations to Jettis and Epoch. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!

07-29-2004, 12:25 PM	#21
CyberAgeGary Confirmed User Join Date: Jul 2004 Location: Los Angeles Posts: 2,869	Paycom is now one huge company, will they be in Miami? What does that mean for people that are using Jettis? __________________ 13 solid years strong. http://www.CyberAge.com-http://www.CyberSexNetwork.com http://www.UGAS.com-http://www.NastyCash.com. Tri-Tech Internet Services. We are here for you! Email For Info

07-29-2004, 12:29 PM	#22
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,363	Congrats Chris and Rand, a great acquisition WG __________________ I play with Google.

07-29-2004, 12:30 PM	#23
$tandaman Pimping 8EZ Industry Role: Join Date: Jun 2001 Location: New Jersey Posts: 3,527	what happens to everyone who was doing cascading with paycom and jettis ))) Congrats Chris! Paycom all the way!!! __________________ CentroProfits.com - Make money with 3000+ Models! ModelCentro.com - Multiple award winning hosted CMS designed to run solo model sites, with affiliate program built in. Launch your model site in 24 hrs or less! FanCentro.com - Premium social network for SWs & Fans!

07-29-2004, 12:32 PM	#25
gsimm33 Confirmed User Join Date: Mar 2004 Location: <enter funny quip here> Posts: 259	bleargh. Now my secondary processor is my primary all over again... __________________ http://www.camazoncash.com

07-29-2004, 12:32 PM	#26
the Shemp congrats to the winners Industry Role: Join Date: Nov 2001 Location: Echo Beach Posts: 10,882	very big news, congratulations Chris and Paycom... __________________ i use Vacares...so should you Submit your picture galleries to my site...Outlaw TGP

07-29-2004, 12:34 PM	#27
RP Fade Confirmed User Join Date: Sep 2003 Location: Los Angeles Posts: 3,343	Congrats..paycom is our primary processor for a reason __________________ HomemadeCash.com - Homemade & GF sites powered by NScash.com HomemadeVideoPass.com - The only all homemade mega site OurHomemadePorno.com - Real couples fucking on camera Contact ICQ: 400-786-531 Email: fade AT nscash.com

07-29-2004, 12:35 PM	#28
sybianguru Registered User Join Date: Jun 2004 Location: Florida Posts: 53	very skinteresting-= I am curious to see how it plays out __________________ as funky as I wanna be

07-29-2004, 12:36 PM	#29
aimeesweet Confirmed User Join Date: Oct 2003 Location: Southern California Posts: 2,917	Congratulations Chris! xoxo

07-29-2004, 12:42 PM	#34
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,303	Sounds great. I always thought both companies were very similar anyway. I imagine that because they are so similar the only change that is needed is the sign on the door. Look out Ibill... ;) Does Ibill even have a rep on this board?

07-29-2004, 12:43 PM	#35
BuckLover Confirmed User Join Date: Feb 2003 Location: I'm everywhere Bitches!! Posts: 1,656	Hey Chris, excellent work!

07-29-2004, 12:43 PM	#36
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	ARGH this is the worst news i've had in the last 5 years. Just great ARGH

07-29-2004, 12:45 PM	#37
shermo Guest Posts: n/a	Excellent news! This will be great when more battles with the major CC's take place. Large companies have much more pull than a bunch of small processors together.

07-29-2004, 12:46 PM	#38
smack Push Porn Like Weight. Industry Role: Join Date: Mar 2002 Location: Inside .NET Posts: 10,652	bump __________________ Cry havoc and let slip the dogs of war.

07-29-2004, 12:46 PM	#39
XBizLori Confirmed User Join Date: Jul 2003 Posts: 325	http://www.xbiz.com/ for added scoop

07-29-2004, 12:46 PM	#40
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	Well congrats to ken and chris for puttin it all together ! You guys are both leaders and I do biz with both of you !

07-29-2004, 12:47 PM	#41
Rick Latona The Best Ideas Start Here Join Date: Dec 2002 Location: Atlanta Posts: 6,037	Paycom is the smartest and most powerrful company in the entire industry. Chris Mallick, you will always be my mentor. I bow to you, again. __________________ Regards, Rick Latona http://latonas.com Latona's - We Sell Money Making Web Properties Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.

07-29-2004, 12:47 PM	#42
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	wow, big news. Congrats paycom __________________ Webair Hosting I use and recommend Webair for hosting.

07-29-2004, 12:48 PM	#43
adonis Confirmed User Join Date: Oct 2002 Posts: 231	How about EU clients of Jettis?? Paycom doesn't accept EU clients.