WOODLAND HILLS, Calif.—EMC2 Billing has received a letter dated April 9, 2011 from Edwin Gonzales, Jr., International Payout Services GMBH (IPS) stating that IPS will cease and discontinue all business operations on Monday June 6, 2011 5pm EST.
The following is an excerpt from that letter:
“In order to properly wind-down its current business, IPS GMBH shall provide its clients and program managers with a formal thirty day (30) written Notice of its discontinuance of business pursuant to its assigned contracts, and, require that they find an alternative provider of services ('Client Notice')."
EMC2 Billing is currently working with other strategic partners in the payouts industry to provide an alternative eWallet solution to our clients well ahead of the June 6 deadline, and plans to have a new strategic partner and offer a new payout system in May 2011
“We would like to thank all of our affiliate program clients and the account holders themselves for their valuable feedback and insight into the payouts program over the last year, and we look forward to serving you with our own product offering in the very near future,” said EMC2 Billing CEO, Greg Berard.
In the interim, direct any questions regarding the wind down of the International Payout Service GMBH program directly to IPS via their e-wallet website support or to:
International Payout Service, GMBH
Waldstr 38
85567 Bruck, Germany
1-866-844-5682
