VISA Blocks ePassporte
Summary: Visa International suspended the ePassporte Visa program effective September 2, 2010, cutting off card issuance, point-of-sale purchases, and ATM withdrawals for accounts processed through St. Kitts Nevis Anguilla National Bank. Visa later said it blocked network access at the bank's request to address program deficiencies, while ePassporte owner Christopher Mallick told customers the e-Wallet remained running but funds could not move between it and Visa accounts.
What you should know: Commenters on the post reported thousands of dollars stranded in ePassporte wallets, with figures cited including $4,000, $4,960, and $11,000, and months of unanswered wire-transfer requests. When a payment processor's sponsor bank pulls the plug, the balances your customers or partners hold inside it can become the thing nobody will answer for.
Read the original at Krebs on Security ↗
- Topics
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