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Old 09-04-2010, 04:17 PM  
cams2chat
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Quote:
Originally Posted by harvey View Post
well, I will wait to see how the events develops, to me Epass is really convenient and I'd hate to see it gone. To be honest, I'm 99% sure on how will it end, but for now I'll keep my mouth shut on most of it and what do I think it happened.

I'll just say that it doesn't help Epass cause that its official statement is a bunch of lies, I was a manager for banks AND for VISA and I know what they said is pure bullshit, it simply doesn't work that way.

I just called a former fellow at VISA with a very high position and asked if there were changes on VISA policies and if he had any info on this. He answered me today that nothing changed and that even though he doesn't have any info on this specific subject, he told me all the possible scenarios where this could happen (which confirmed what I thought).

Anyway, to make it short and sweet, despite ONLY 1 OF THOSE SCENARIOS (which is the worst possible) it all ends the same: Even if VISA unplugs a company, the money should be at the bank and it would be possible to withdraw it via wire or any kind of bank transfer, which, as we all know, is impossible. Now, if that ONLY POSSIBLE SCENARIO is true and VISA kept the money (believe me, highly unlikely, difficult and it doesn't happen from one day to the other), kiss your money goodbye and good luck to all people involved with Epass. And this is not "GFY mob" mood, just plain objective facts on how VISA REALLY WORKS
IF the cards were issued as reloadable prepaid cards the money would be with Visa
If the cards were issued without sufficient ID and over $1000 passed through that may trigger a problem
If there are the hundreds of thousands of cards then it is a big problem

Sorry, dont think you have a clue
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