Quote:
Originally Posted by TylerBang
It means that transactions are still clearing and haven't settled yet.
When you (I) use my visa at a gas station for example, the gas station places a 30-50.00 hold on it as a deposit, until 30 days (or sooner) the real amount is cleared and the hold is released.
Happens on many retail sale transactions. Imagine the number of epass VV transactions taking place this month and the number of holds/clears?
This is no big mystery and doesn't require a conspiracy.
On the other hand, I'm not saying that this is truthful reason for the delay, only that it is A REASON that he is giving us.
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I call bullshit on this BRO. The only way MiM would make sense is IF epass knew they were finished with the card relationship at the bank. If that were the case, wouldn't they say that for various reasons they were moving the cards to another bank and it might take up to 90 days to have the vv restored... or something to this effect? No, Cm chose the " we dont know" path... which anyone with a brain knows is complete bullshit.
Visa said SK requested the action because of DEFICIENCIES in the program. If this were paperwork deficiencies then I don't think the bank takes this action unless epass had blown them off for months.