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хакеров?
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Creating a run on the bank is not going to solve things, just makes matters worse.
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No it's not visa 100% sure
Visa would provide an explanation. |
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So for instance ePass has a bank account at St. Kitts and let's say everyone's ePass accounts are "sub-accounts." So you have money in VV and in the wallet and want to move it. So you move wallet your wallet money to VV - now that wallet money pulls and goes into the ePass bank account. Then ePass' bank account then sends the money pulled out from the wallet over to VV. And once on VISA, in their control until you spend it or move it again. So if VISA decides to freeze accounts, ePass can't act as the middle man to move the money. |
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I heard the owner is stuck in Dubai. His visa electron card was declined trying to refuel his jet.
Please leave your money in so he can come home. !!! |
Damn hope we get it fixed, have been a happy epass user for many years, but I am keeping the happy face on, hoping they are gonna make it :)
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https://www.epassporte.com/secure/transferwithin.cgi How can VISA be the one controlling this and if funds are safe and it is just the cards who are no longer working, then why the hell can't we use this EPASSPORTE transfer function? |
because it's risky ?
because there is not so much money on the wallets so you can give this to your users to make them wait ? |
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I think you're partially correct. Money from the wallet "called" by a VV holder would move into a quasi-account attached to the VV for availability to withdraw through the Interchange and ATM networks. VISA, is a "Card Association" which means they license banks to issue their product and they operate the interchange networks through which transactions are cleared. They do not actually hold the money. In this instance, the funds on VVs should still reside at St. Kitts on a different ledger balanced back to the "balances" on all outstanding VVs. The fact that ePassporte has been able to settle requests for payouts by other means (ACH/Wire) from the wallet, while encouraging, does little to address the issues related to the original problem, which is the freeze of the VV program. In my opinion, it now comes down to what action was taken by whom. If the program was simply closed by VISA and/or the Bank, then those funds should be migrated back to the wallets, but this may take a bit of time to do because they'll have to review the accounts for outstanding pending auths, etc. If there was a bigger problem with the way the VV was operated and some regulatory agency forced the shut down then it could take significantly longer to recover the funds and move them back to the wallet. I look forward to hearing from ePassporte today. I would assume that post holiday they're going to be able to provide some clarification on the actions taken to meet their obligations to their clients. |
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We are not all as rich as you. |
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Thank you for a breath of fresh air. |
this is one of the worst advices given in this situation and second, they should have every penny in the bank otherwise they have been playing with your money. Mark my words there will be a lack of funds for epassporte or the bank backing them.
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If you and a group of others are being chased by a bear, you just need to be faster than the rest of them to get out unhurt.
Apply that here. |
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Payment Operations, as boring as this may sound, is my life. I wanted to help clarify the issue based on my experiences in wallet land. If there's anything I can do for you, feel free to get in touch. Mike |
Yeah everyone, go and watch "It's A Wonderful Life" and do what George Bailey did and save the Savings & Loan! Shah - this ain't 1942, this is Potterville.
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Should we withdraw the money now?
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I heard that the Virtual cards will be re-instated soon. Anyone know anymore?
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hell can i still load money into my account LOL
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All of these threads are golden to see who the douches are.
Is the Bro romance over? |
Epass is dead.. Get over it.. Move on...
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Don't worry guys, OP found 10k+ in a safe he almost put in the trash.
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Brad |
glad to see everything has been solved :thumbsup
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Great advice choker. We should listen to the "Bros" a lot more for sound advice. </sarcasm>
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Choker had the right idea with the "run on the bank" economic concept but it was already too late with this company.
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umm hoping this well get things better ................
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Choker prepared for end of world, but what happened later?
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