The situation is a little confusing so let's look at it without hysteria.
1) Did VISA really suspend the cards?
Yes, VISA issued a statement to that effect. Epassporte says they're suspended and SKNA confirms. Great, all 3 line up
2) Why were the cards suspended?
According to VISA, there were certain "program deficiencies", and SKNA asked VISA to suspend the cards, and VISA did so.
SKNA stands by VISA's statement and provides no further information. That means they confirm that they asked VISA to suspend the cards.
According to Epassporte they don't "fully understand" why the cards were suspended. Please note that Epassporte's statement allows for the possibility that they do understand why... just not "fully".
3) What are "program deficiencies"?
That's the big secret, and it seems neither of the 3 players are telling.
4) Is money on the cards safe?
Both Epassporte and VISA issued statements to say that the money is safe. SKNA has been mum on this question.
5) What's going on now?
Epassporte says:
"September 16, 2010
ePassporte N.V. has had several extensive meetings with St. Kitts Nevis Anguilla National Bank (the “Bank”) in an effort to resume operations and card functionality.
We are encouraged and believe these meetings and ongoing discussions with the Bank will result in all card functions becoming operational shortly, although a date has not yet been determined.
ePassporte and St Kitts Nevis Anguilla National Bank want to assure cardholders that their funds are safe and that resuming operations is a key and attainable goal."
They also ask to leave Mr. Elias alone
Links:
http://www.thestkittsnevisobserver.c...ntroversy.html
http://krebsonsecurity.com/2010/09/f...porte-edition/