Velti ad network users complaining of delinquent payments

|By:, SA News Editor

More bad news for the mobile ad services firm: many app developers relying on Velti's (VELT +0.9%) Mobclix ad network are complaining about delinquent payments.

A Google search for "Mobclix payments" drives home the extent of developer frustration, as does a forum created to deal with such complaints.

The CEO of German developer Windfinder: "We contacted [Mobclix] and they made their last payment on Feb 6, 2013 for revenues generated until July 2012. They have not made any payments since then."

Velti, of course, has been dealing with its own collection issues.