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YouTeller Delays Launch

Discussion in 'America the Beautiful' started by s163999, Apr 19, 2007.

    Apr 19, 2007
  1. s163999

    s163999 Dormant account

    Occupation:
    Analyst
    Location:
    United States
    You must register/login in order to see the link.

    After facing legal problems with NETeller Plc. Seed Capital Ltd. decided to delay the launch of their new payment processor YouTeller.com. "It is in everyone's interest that YouTeller will not be confused with NETeller," said Seed Capital spokesman Florian Schweitzer. If Seed Capital will not be able to make the legal situation clear the company will introduce an all-new online payment system next summer.

    Just a matter of time

    Meanwhile the regulatory situation is getting better and better. The World Trade Organization (WTO) said two weeks ago that the US ban on offshore Internet gambling payments is illegal upholding a previous decision that allowed for possible sanctions. "US customers will be able to transfer money to gaming companies again. It's just a matter of time", Schweitzer underlined. YouTeller is part of an international lobbying task force that works on this issue with the WTO and the European Union.

    No takeover

    Seed Capital denies rumors about a possible takover of NETeller Plc. "We are not interested in a traditional online payment system. We have developed a service that is tailor-made to the current challenges", Schweitzer emphasizes.

    One month ago NETeller's legal counsel demanded YouTeller.com cease to conduct payment processing business under the name YouTeller. "Such use by Seed Capital Ltd. causes confusion, including initial interest confusion leading to persons familiar with the teller-suffixed brand of services to believe Seed Capital Ltd. is somehow affiliated with, related to or endorsed by our client," the letter states.
     
    2 people like this.
  2. Apr 19, 2007
  3. dominique

    dominique Dormant account

    Occupation:
    webmistress
    Location:
    The Boonies
    Very interesting!
     
  4. Apr 19, 2007
  5. GrandMaster

    GrandMaster Ueber Meister CAG

    Occupation:
    Mathematician by day, online gambler by night.
    Location:
    UK
    I also categorically deny any rumours that I am planning to take over Microsoft.
     
  6. Apr 19, 2007
  7. dominique

    dominique Dormant account

    Occupation:
    webmistress
    Location:
    The Boonies
    Now there's an idea!
     
  8. Apr 19, 2007
  9. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    :lolup: :lolup: :lolup:
     
  10. Apr 19, 2007
  11. lojo

    lojo Banned User - repetitive violations of <a href="ht

    Occupation:
    Tradesman
    Location:
    USA
    I posted in another thread awhile back how neteller has already infringed on Netteller

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    Youteller could use this?
     

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