Quote:
Originally Posted by SmokeyTheBear
The most logical explanation is in july 2010 visa issued new rules regarding prepaid cards, they gave banks 30 days to comply, that would put us into august-sep , shutdown was on sep 3. I dont know the exact details of the new reg's but i would guess something to do with money laundering or anti-terror rules, probably reporting of suspicious activities.
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Subject to slight adjustment, it is expected that from Wednesday, October 6th, the overwhelming majority of cardholders will be able to access the funds on their Visa Card using their existing card, without providing SKNANB further information. A small percentage of cardholders will be asked to provide certain confirming information."
Sounds like that percentage, or amount of money, was big enough to cut off business.