Visa and Mastercard shun allofmp3.com

October 19, 2006

After my recent post about trusting allofmp3.com with my credit card details, it seems that the dillema is moot.

Credit card giants Visa and Mastercard have stopped accepting transactions from allofmp3.com, both saying that they don’t want their payment networks used for “illegal activity”. I wonder how much pressure the Recording Industry Ass. of America had to apply to get this result?

Am I alone in thinking that allofmp3.com are appearing in the news as often as Google and YouTube at the moment? I’m sure they must see an increase in business every time - perhaps on the basis of the old addage, “all publicity is good publicity” - but I wonder how long it will be before all electronic payment providers shy away from allowing allofmp3.com to make transactions across their networks?

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Posted in business, internet, media