Quote:
Originally Posted by Vjo
From 9-7 (3 days ago) Visa released their statement as reported here on AVN:
http://business.avn.com/articles/Vis...ts-411375.html
This sentence from Visa contains the truth if someone had the inside scoop:
"At the request of St. Kitts-Nevis-Anguilla National Bank (SKNA), on September 2, 2010, Visa blocked network access for prepaid cards issued by SKNA and operated by ePassporte.com to address certain program deficiencies."
1) "Visa blocked network access" - So that is certainly true.
2) "to address certain program deficiencies" - This is the million dollar question. What were the program deficiencies?
Were they just new regs in which case Epass did nothing maliciously or intentionally wrong. Or are the deficiencies internal to Epassporte and "breakdowns" within Epassporte.
Thus, New Regulations being implimented or Current Regulations being broken? OR a combination of both?
Would think that if it was just new regs then why not just tell everyone what's up. However, if they broke regs, then I would understand the quiet.
So that does not look good but, also does not conclude they broke any current regs.
Either way it could be assumed that after the deficiencies are "addressed" and met, Visa may flip the switch back on. But that can only be assumed.
What were the program deficiencies? That is the million dollar question. |
You know this visa statement only appears at Krebs...
http://krebsonsecurity.com/2010/09/v...ks-epassporte/
Some people here say they got the same one from Visa, however I am skeptical at this point whether it is genuine.
Every media outlet quotes the Krebs article.
But what we do know is:
1.) Visa cards not functioning.
2.) It's been been a week or more...
3.) People only reporting ACH transfers from "Wallet Account" only, wire transfers are yet to be reported coming in.
4.) Where's the cash from the Visa Virtual Account...no access available...can't transfer..it's sitting in never never land?
