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Old 09-09-2010, 01:31 PM  
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Join Date: Nov 2004
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Epass /Chis Mallick/Michael O Explain "...Funds in Motion..." for Us?

Quote:
Originally Posted by Michael O View Post

Second, ePassporte is working with the St. Kitts bank to work out how all payments will be made and when. The details are complicated, because there are funds in motion and where and when they settle requires us to all be careful that we fully and properly account for all those funds and their rightful owner. This issue stems from our processing and reporting ability through the Visa system and their processor.


Chis Mallick

Sooo...The money is safe but because of the way visa's operates and their processor theres an issue because there are funds in motion and you have to be carefull you properly account for account holders funds?


Strange i thought evry person had access through epassportes website on exactly how much they have in there account ?

How is it difficult to determine how much each account holder is owed..and why is this "issue" related to Visa?

Didnt Visa say epassporte and the st kitss bank have the funds?

is "Visas Processor" as you put it the Bank in St Kitts? ...

If thats the Case..does that mean the Bank in St Kitts is holdiing all the funds ?

And if thats the case...PLease Explain why the Bank in St Kitts is not giving epassport access to the money?
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