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Old 09-23-2010, 09:57 AM  
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Join Date: Sep 2004
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Actually these kind of things usually take at least a month to settle and resolve, so I still think it is most likely that they will rectify the problem. I am pretty much confident that the money is not lost as well, because it's preloaded on VISA cards, so technically it's just frozen by the bank.

Everything that's frozen should be unfrozen after certain requirements are met and conditions fulfiled. They (the bank) don't have the right to hold the money frozen forever nor seize it, because it's not ePassporte's money, but its card holders.

The situation is also way different than what happened to payment processors like iBill or Globill or whatever. They are acquiers, not issuers. IF you look up the terminology you'll see that these two things are totally distinct. Issuers (ePassporte) can't run with people's money because it's actually on the account connected to VISA, so the chances for the money to be gone are very slim.

That's why I am pretty much sure this will be resolved, but not so fast (as I originally thought). It may hurt epassporte a lot, but the fact that account holders will get their money back is crucial and the most important.
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