Sunday, October 22, 2006
Visa and MasterCard to AllOfMP3: No Soup for You!
Posted by Damion Chaplin in "CONTENT" @ 11:30 AM
"Visa International and MasterCard Inc. have stopped accepting credit card transactions for purchases of online music made on a Russian Web site accused of selling music illegally, officials for both payment systems said Wednesday. San Francisco-based Visa asked member banks not to process purchases from AllofMP3.com as of Sept. 1, said Simon Barker, a spokesman for the company. "The action Visa has taken is in line with legislation passed in Russia and with basic international copyright and intellectual property norms," Barker said... There was no mention of it by Mediaservices officials during an online news conference on Tuesday, although Vadim Mamotin, the firm's director general, said through a translator that the company's business dispute with major recording companies and other copyright owners "has hurt our business.""
Well, good. I guess it's about time someone stepped up and actually did something about AllOfMP3.com. But what does it say about our society that the politicians and 'the system' are so impotent it takes the credit card companies to step in? What does that say about who's got the real power here? Just a thought... :wink:
Well, good. I guess it's about time someone stepped up and actually did something about AllOfMP3.com. But what does it say about our society that the politicians and 'the system' are so impotent it takes the credit card companies to step in? What does that say about who's got the real power here? Just a thought... :wink:
