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.