Epassporte Dropped by Visa

This was pretty surprising to see:

Dear ePassporte Account Holders,

Please be advised that, at 12:00 PM PDT today, September 2, 2010, we were notified that effective immediately, Visa International has suspended our banking partner’s (St. Kitts Nevis Anguilla National Bank) ePassporte Visa program. The ePassporte e-Wallet program continues to be up and running, except funds cannot be transferred between your Visa Account and your e-Wallet. At this time ePassporte can no longer issue Visa Cards, and the ability for our Account Holders to make point of sale purchases and withdraw funds from ATMs has also been suspended.

At this time we do not know why this drastic action was taken by Visa. To us, it is unconscionable that such action would be taken without the opportunity for ePassporte to fully understand Visa’s reasons and to be able to take all steps necessary to keep our program running the way it has so successfully done for over 7 years. But that is what Visa has done.

As soon as we have more information we will be in contact with you.

In the meantime please be assured that your funds are safe.

We are very sorry for the short notice and apologize for any inconvenience this may cause. The ePassporte team is working diligently to rectify this situation.

We kindly ask you to bear with us while we work through this issue.

Please feel free to contact us via the message center or at our call center, should you have any questions, comments or concerns.

Thank You,
Christopher Mallick

Pretty amazing the did that all at once like that: leaving epassporte high and dry.

Both comments and pings are currently closed.

2 Responses to “Epassporte Dropped by Visa”

  1. I saw in other article interesting idea… that epassporte account was hacked so VISA rather blocked this in order to protect its clients… well in that case we should see funds soon.

  2. Werty says:

    I have 3700$ or so tied up on my virtual visa. I am not too happy about this. My business partner had his in his “wallet” so he was able to pull it out, but it looks like I got “trosed” on my 3700.

    It will be interesting to see how they handle it. I might need to take a trip and chop the owner in neck.