Possible Issues With Cal Bank?/Important

[IPSKeith]

Thought you might find this interesting. We have heard but don't want to imply it's factual,ha that CAL/Paygea have lost $60M a month in processing of merchant transactions due to Visa investigations into some of their business practices in the last few weeks and that everything they are doing is under extreme scrutiny.ha We havehaheard of good merchantshawho have been shut off with no notice on good, performing accounts and can't speak to anyone.ha They appear to be suffering from guilt by association with the bad apples in that CAL portfolio.
ha


The below is translated using google translator from an Israeli news article. Some of the translation might not be perfect. If you have processing going on there please be aware and read below:

globes.co.il/news/article.aspx?QUID=1055,U1251644798244&did=10004933 22
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Bank of Israel recently began a quiet examination of procedures and relationships between Israeli companies and credit card clearing companies and businesses online. The reason: fears of money laundering arising from gambling sites, porn domains, sensitive and dangerous in terms of credit card companies but also extremely profitable. Money laundering concern stems from the fact that the source of funds might be illegal gambling. 


Tests were conducted a few weeks before the guidelines were passed that included a warning to banks in relation to the entry of criminal organizations into clearing on the Internet. Bank of Israel contact CEO J. Banks - Smadar Barber - Saint International, Zvi Ziv, Eli Yunis, Galia Maor - National Giora Offer Discount - demanded that they not honor online transactions suspected to be illegal. 


New guidelines of the Bank of Israel prohibit credit card companies to approve payment if "there is concern that the transaction is a forbidden game, lottery or gambling". The prohibition also applies to the concern that the deal is against the law in a country where the ticket was issued. 
The credit card companies were forbidden even to call businesses, in Israel or abroad, "which - according to information found in their hands, field activity is a violation of the law from them." 
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How does this relate to credit card companies performing online gambling clearance? Israelcard, the largest of companies, which is controlled by Bank Hapoalim, has decided on no clearance for gambling or porn sites on the Internet. Leumi Card, under the control of Bank Leumi, adopted, hosted by Bank CEO Galia Maor, the same policy. CAL, controlled by Israel Discount Bank (71%) International Bank (29%) decided otherwise. The policy of the company's CEO Boaz Czech Chick is that the company will not allow gambling Clearing Israeli credit card, but will allow clearing of tickets that were issued from non-Israeli businesses. Thus, for example, payments of credit card holders for virtual casino gambling in Gibraltar, or Card Holder's forha Brazilian or Swedish porn sites, can pass through Cal.


Press releases recently emphasized Czech Chick the global clearing rapidly growing Internet as an engine of growth which is the principal subsidiary of CAL properties. CAL income assets first six months of 2009 were 92 million, an increase of 48% compared to last year. Bc.a. net profit to assets in the first half of 2009 stood at 33 million, compared to 26 million in the first half of 2008. The share of CAL's assets CAL profitability even more impressive - 26%. 
The actual clearing in front of porn sites (as opposed to gambling) on the Internet said CAL a year ago, is exclusively, the companyha Paygea registered in Gibraltar, controlled by Canadian businessman Jacob Jacobson. 
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Gambling in disguise:

In 2006 the United States began moves aimed at legislation to ban Internet gambling payments for U.S. credit cards. Businesses, even outside the United States, quickly adapted themselves to the trend to not get involved with the American authorities. Now an American citizen, an American credit card holder, can not openly do gambling on the Internet, because the company that issued the card in the United States would not approve the deal. 


Internet gambling sites, and with clearing agents, created panic. They began lookingha in countries where laws do not ban on Internet gambling. Another method was based on disguising gambling transactions with other types of businesses. For them, seemingly legitimate business is actually a cover for online gambling. Cover the most common are behind the companies that deal, so to speak, selling digital products and services, sale of DVD devices, or sale of telephone services VOIP. This camouflage of credit card companies has created not a simple problem. How to recognize the illegal gambling sites among hundreds of thousands of businesses throughout? 


The answer came analyzing payment patterns on sites. It is unlikely that a customer would pay three times a week, ostensibly for videos, 100 dollars each time, and not twice a week would pay 200 dollars for services to VOIP. A senior at the credit card companies say that "all risks test novice knows that charges profile suspiciously heavy, almost certainty, that this is actually camouflage Internet gambling". 
What happens when a credit card company chooses to overlook the pattern of payments such deals which charge fees? If you refer to the instructions and warning the Bank of Israel - it can be considered for those who albida capital. True description of the transaction 7995 is the international code of gambling sites operating openly on the Internet. Codes of business types are determined as part of a global standard called MCC - Merchant Category Code. 
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The code was removed as part of the duty announced business clearing company describe the nature of the real business is conducted there. Transaction which attempts to disguise the gambling site itself is called the credit card companies deal wallet "or Uncoded. Credit card issuer could not automatically prevent such fictitious transaction, since it is not selected as -7995. You can reduce or eliminate the phenomenon only if the credit card company and the ongoing monitoring conducted clearing block the sites of businesses have them suspected. 


Competitive market of credit cards are heard claims that credit cards are not careful enough about filtering Business autumns, and have no particular problem with gray transactions. Extent of such deals, according to estimates, could reach tens of millions of shekels a month. Policy Isracard and Leumi Card ensures that even if the deals fell victim disguised, it was relatively low amounts. Isracard response "refers to the phenomenon Isracard hardware meets the provisions of law. Isracard systems detect when purchasing tickets, issued on - us, * * sites abroad and their characteristics are similar deals, gambling, and in the wallet transactions, which identified reasonable behavior, we Deals instant * tests which includes entry to which the purchases were made. "If it turns out that site also does gambling occur, * We take the necessary steps, * * granting approvals blocking our tickets, * * inform the appropriate parties abroad. Isracard, unlike its competitors, investing effort * Excluding such cases. 

Leumi Card responded: "The issue is not relevant at Leumi Card, which focuses on Internet activity alone is not active in the field of gaming. For CAL, as, also because of the deep involvement in the Internet market clearing, concern arose. CAL response: "There was suspicion that the businesses themselves is not true and if so removed through us, and no such activity of such scale. Never happened. We are not satisfied with the control operations of the business report. If such business is described , or report comes from visa business world, we are immediately removing the merchant from the list of businesses allowed Clearing ".**

Hopefully our community has found this to be useful as I did. Cal Bank has been known to be an aggressive bank with open minded underwriting. The question we need to ask now is, at what expense?

Regards,

Keith Reilly
[email protected]
O800.439.1974 ext.122

[PornoStar69]

illuminati doing there thing Israel OWNS America Looks like people they will get their
NEW WORLD ORDER. No one is waking up to the global conspiracy/agenda.