Originally Posted by John Marco

St. Kitts Nevis Bank actually issues the cards. The way I understand it ePassporte simply ties into their switch so when someone accesses transactions, it debits their account with ePassporte.. basically the issuing bank checks with ePassporte to make sure the person has funds in their account, and if they do, they debit them or settle with ePassporte regularly, somehow.. This is the part we are not familiar with. We are perfectly capable of coding the system, etc.

We just don't have any banking relationships, which is why we would need either consulting from someone who does or would be interested in developing a partnership with someone who can bring things to the table (i.e. equity as well as knowledge).

The way I understand it is you do not have to have a commercial banking license to start a service like this, you just have to have a bank that will allow you to co-brand their cards and tie into their switch, as far as I understand it