I can answer this first hand. I use ibill to manage all my lawn care customers and I run my financing thought them. What is cool about them, is that they can run credit on all your applications so you can extend credit to people with a good credit history. They also report all the payments your customer make to the big 3 creditors EQ TU and EX.
I noticed the same thing before I signed up, and found out that iBill was in Florda back in 97 and after being sold in 02 i think the new owner took it into the ground around 2006. That owner if i remember was penthouse.
Jonas took it over in 06 and started to rebrand it. I got to talk to him at a tradeshow in Bosie in Feb 09. This is what he told me and I noticed it is online somewhere.
P.S They have had as much as 40,000 of my money at any one time and I get it when I request the ACH everytime with no issues.
Hope this helps.