ICC-Cal Sees Big Dip in Revenue Without Porn, Gambling

RISHON LE-ZION, Israel — ICC-Cal, which was forced to halt its online adult and gambling processing last year, hasn't fully rallied from a storm of problems it incurred in 2010.

Earlier this month, ICC-Cal said that the storm of events last year caused it to see net profit fall 20 percent. Porn and gambling clearing activities made up a majority of its income in 2009.

The company, formally known Israel Credit Cards-Cal, received fines totaling about $20 million from both MasterCard and Visa last year over alleged excessive chargebacks and instances of fraud, forcing its president to resign and making it scale back porn and gambling. The processor also received demands from the Bank of Israel for changes in its procedures.

Visa complained of excessive chargebacks, particularly in relation to porn sites, as well as nutriceuticals. MasterCard's complaints were related to ICC-Cal's alleged clearing services for gambling sites, which it is accused of hiding by using false transaction code numbers.

"We mainly devoted 2010 to dealing with the crisis," said ICC CEO Israel David.

ICC-Cal earlier this month reported that revenue from online clearing activity fell 72 percent in 2010. It also reported that it posted a $3.6 million loss on its international business in 2010, compared with a profit of $12 million in 2009. Total revenue fell five percent to $307 million in 2010 from $323 million in 2009.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

European Commission to Assess Pornhub, XVideos, XNXX Compliance With Digital Services Act

The European Commission plans to conduct a study to determine how well adult sites Pornhub, XVideos and XNXX are addressing illegal content and other potential harms under the EU’s Digital Services Act.

German Higher Court Upholds Ban on PornHub, YouPorn

The Higher Administrative Court of Rhineland-Palatinate on Thursday upheld a “network ban” on Aylo-owned adult sites Pornhub and YouPorn for failing to comply with German age verification regulations.

Alabama Notifying Adult Sites of New Tax Set to Take Effect Sept. 1

The Alabama Department of Revenue has begun sending notices to adult site operators about a new 10% tax on their revenues, set to be enforced starting Sept. 1.

Ondato, CCBill Announce Strategic Partnership for Global High-Risk Market

Age and identity verification firm Ondato and payment processor CCBill have formed a strategic partnership to serve the global high-risk market.

Ofcom Investigates 4 More Adult Companies for OSA Compliance

U.K. media regulator Ofcom has launched investigations into whether four companies operating adult websites have implemented requisite age assurance measures under the Online Safety Act, the agency announced Thursday.

Taylor Nicole Launches New Site Through YourPaysitePartner

Creator Taylor Nicole has launched her new official website through YourPaysitePartner (YPP).

Adult Networking Platform SpicyGigs.com Launches

SpicyGigs, a new adult industry networking platform, has officially launched.

Pineapple Support to Host 'Cream Pie Challenge' Fundraiser

Pineapple Support is hosting its Cream Pie Challenge through August to raise funds for mental health services for industry performers.

Kyrgyzstan President Signs Measure Outlawing Internet Porn

President Sadyr Japarov of Kyrgyzstan on Tuesday signed into law legislation outlawing online adult content in the country.

NC Legislature Overrides Veto of Extreme Anti-Adult Industry Bill

The North Carolina state legislature on Tuesday voted to override Gov. Josh Stein’s veto of a bill imposing regulations that industry observers have warned could push adult websites and platforms to ban most creators and content.

Show More