Quote:
Originally Posted by Tempest
More likely what's happened is that Visa told the bank to get things in order for the new regulations. The bank told ePass. ePass lowered limits. Visa said that ain't enough and because we don't like you we're going to suspend things until you get your ducks in a row.
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Sounds great, and may very well be the case.
However, this could be a situation in which ePassporte knows it won't be able to comply with VISA's requirements and related banking regulations / laws while maintaining its existing business model...
Without the virtual visa / cards, ePassporte is of limited usefulness to many ... bank wires are expensive while ACH / bank transfers take days verses the ease of popping in an ATM card and getting cash out right away.
Ron