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Well, I guess we don't have to worry about anything from them anymore. I got the following email today:
NOTICE OF TERMINATION OF MERCHANT SERVICES
Please be advised that effective immediately iKobo, Inc.is ceasing to provide processing for merchant services in order to comply with a direct request from VISA International under their processing regulations. This request from VISA has no impact on our person-to-person money transfer product.
Your merchant account has been changed to not allow for new sales and your current funds will be available to you under the existing terms using your iKard. Please update your web site to remove iKobo as a payment provider.
We apologize for the timing of this action.
iKobo, Inc.
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