ePassporte Official Statment

[ArtWilliams]

Originally Posted by tickler

Sorry to hear about that guy.

The money apppears to have something to do with gambling, which may be part of the problem at ePass.

The whole problem has to be that these prepaid VISA cards which can be loaded with literally hundreds of thousands of dollars from any bank account in the world breaks every money laundering rule in VISA's book.

My guess is that VISA is bowing to pressure from the U.S. Treasury and DOJ. There are other companies trying to step in and offer the same service but they too will suffer the same fate.

I guess is that people may actually see their virtual VISA money but it may take months or years as every account is checked in detail to see whether it has ties to organized crime or the worse terrorism.

I have no proof to offer but I this is my gut feel.

[plateman]

Originally Posted by artwilliams

The whole problem has to be that these prepaid VISA cards which can be loaded with literally hundreds of thousands of dollars from any bank account in the world breaks every money laundering rule in VISA's book.

My guess is that VISA is bowing to pressure from the U.S. Treasury and DOJ. There are other companies trying to step in and offer the same service but they too will suffer the same fate.

I guess is that people may actually see their virtual VISA money but it may take months or years as every account is checked in detail to see whether it has ties to organized crime or the worse terrorism.

I have no proof to offer but I this is my gut feel.

I agree to some of that or it may be all that happened, I know I had to verify my account and got the message on sept 1 and here is what it says

I sent the stuff the 13th and havent got anything back yet

ePassporte closely monitors all of our Accounts to comply with relevant governmental identity verification regulations. Your account has been flagged for additional identity verification as our records indicate that the CUMULATIVE amount of funds LOADED INTO your Account has reached or surpassed US$5,000.00 . To allow ePassporte to comply with these relevant regulations, you are required to provide current identity verification documents within 30 days of this notice.

Please submit the following documents within 30 days:

1) A photocopy of a valid government-issued photo ID
2) A copy of a recent bank statement or a copy of a utility bill (i.e. phone, water or gas) which clearly displays your name and address as shown on your ePassporte Account.

Please upload these verification documents by logging into your ePassporte Account and clicking on the "Upload Documents" link located on the left side navigation bar. You will then be given instructions for uploading the requested documents.

We prefer that you scan and upload your documents through our website, as this method provides ePassporte with the most legible documents. Please ensure your scanned documents can be read clearly before submission, as incomplete or unclear documents will not be considered for review.

Alternatively, you may submit these documents via e-mail to:

BE ADVISED that the review of your documents may take up to 10 business days. Please take this into consideration when submitting your documents. If you fail to provide these documents within 30 days of this notice, your Account will be placed in "Receive Only" Mode wherein you will be unable to load funds to you Account, send Peer to Peer transfers or withdraw funds. You will only be able to receive transfers from ePassporte Business Accounts via Business to Peer transfers.