DO NOT withdraw all your money from Epass

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

This is url to use to transfer money from VV to Wallet

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 ?

Visa blocked the cards and they have the right to do so i guess, cause it's their cards. But they know the money is in epassporte accounts and does not belong to visa, so why would they even care if we, epassporte's clients, would get our money back in our bank accounts via epassporte wallet system wire transfer.

I bet it is wrong

Kristin:

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.

We are not all as rich as you.

This people, is an example of a well thought out and written post.
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.

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.

http://en.wikipedia.org/wiki/File:No...r_14,_2007.jpg

Thanks, Pimp!

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.

Should we withdraw the money now?