i'm going to post all of the information from the IBill CMI here...regarding these payouts...

Over the past several months iBill and our customers have endured a difficult period. As you can see with some of the recent announcements, we are now in a position to move forward. In addition to First Data releasing, directly to iBill clients, funds it was holding for Visa reserves and transactions processed during September 16-22, 2004, iBill is offering settlement of funds that iBill owes up to March 1, 2005 for US transactions and February 15, 2005 for gkard transactions in conjunction with our overall restructuring efforts. The offer represents a more significant recovery of the funds owed than would otherwise occur without a settlement in place. The objective is to provide as much of a settlement to our customers as is economically possible and to position the company to move forward in a positive manner with our customers. The iBill settlement will provide you with a high overall payment relative to the amount owed. As part of the new direction, iBill has implemented programs to pr ovide you with secure payouts in the future. Our goal is to offer you and your customers high quality processing services while separating financial payouts to independent third parties to ensure timely and consistent payouts going forward.


And here is the agreement for the FDMS reserves

LIMITED RELEASE
This Limited Release ("Release") is given by [merchant name] ("Releasor") to Internet Billing Company, LLC, a/k/a/ iBill, a limited liability company organized under the laws of the State of Georgia, Media Billing, a New York limited liability company, Interactive Brand Development, Inc., a Delaware corporation, PHSL Worldwide, Inc, a Florida corporation, First Data Merchant Services Corporation, a Florida corporation, (jointly and severally "Releasees"), in consideration of the payment of the aggregate sum of [$ iBill settlement amount] (the "Settlement Amount") by iBill.

Releasor hereby completely and forever waives, releases and discharges Releasees, and each of them, and their respective parents, subsidiaries, affiliates, shareholders, members, agents, directors, officers, employees, and consultants and their successors and assigns, from any and all actions, causes of action, suits, whether arising in contract, tort or at law, debts, sums of money, accounts, reckonings, covenants, contracts, controversies, agreements, promises, damages, judgments, obligations, claims, and demands whatsoever, in law or equity, known or unknown, suspected or unsuspected which Releasor and its parents, subsidiaries, affiliates, agents, directors, officers, employees, successors and assigns ever had, now have or hereafter can, shall or may, have, arising out of, or resulting from, directly or indirectly, the processing of merchant vendor transactions by Releasees, or any of them on or prior to March 1, 2005 for U.S. transactions and February 15, 2005 for gkard transactions except that the foregoing shall not release iBill from its obligation to pay the Settlement Amount.

Releasor waives and relinquishes the rights and benefits afforded by Section 1542 of the Civil Code of the State of California, or similar law in any other jurisdiction, which reads as follows:

"A general release does not extend to
claims which the creditor does not
know or suspect to exist in his favor
at the time of executing the release,
which if known by him, must have
materially affected his settlement with
the debtor."

Releasor represents warrants and agrees that it has thoroughly read and understands the terms of this Release, that it is accepting this Release agreement freely and voluntarily, upon his best judgment and solely for the consideration described herein.