Quote:
Originally Posted by jalami
It's entirely possible that SKNA did not require the Virtual Visa balances to be 100% funded by deposits with SKNA. After all, every ePassporte user has a daily ATM withdrawal / POS purchase limit. It's likely there would be a daily reconciliation between United and ePassporte's account with SKNA. This also makes sense in light of the fact that daily limits were reduced a few weeks ago. Of course this is pure speculation.
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I'm sure it is not 100%. It is, and this is only a guess, probably roughly equal to the amount that cardholders can take out (by ATM, card transaction and virtual visa use) over a set period of time. Lowering daily limits a few weeks ago very well could have been an attempt to lower the amount they need to keep on deposit with SKNA because of liquidity problems.