Found this take on the matter at Italkcash, which is scary as Hell:
"I would say Epassporte has a huge problem now.
If it shows that Visa shut down their bank due to Epassporte, then Epassporte will most likely never be able to conduct any business with Visa. It all basically depends on how "toxic" Epassporte is in Visa's eyes.
They could go to Mastercard, but thats more or less the same thing as those two companies are sharing each others mothers too.
If Epassporte is not toxic and they only lost their bank, they still will face trouble.
A) Either they find a new bank on the very same Island under the same license/legislation
or
B) They start over on another Island, which means re-applying for a license to conduct e-money business online. This cannot be done within 3 months even on a small Island.
B1) Then contact a bank to start issuing cards, which will take months to work out
C) They apply to become a full bank
C1) Then they have to apply directly to Visa for a Visa license
C2) Or they would have to go to a wholesale BIN Visa/Mastercard bank
No matter the route Epassporte will be shut down for the next 3 months most likely. And if they are toxic, then none of the above will work. Visa will simply prevent any bank from working with Epassporte."
Hoping the best for all you ePass users!
Sally.
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