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Visa: ePassporte Suspension Due to Program Deficiencies

Visa: ePassporte Suspension Due to Program Deficiencies
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Sep 7, 2010 4:15 PM PDT    Text size: 
SANTA MONICA, Calif. — Visa has released a statement saying that it blocked network access for prepaid cards issued by St. Kitts-Nevis-Anguilla National Bank and operated by ePassporte.com to address certain program deficiencies.

KrebsonSecurity.com reported that Visa said ePassporte is a third-party agent that works with the Anguilla National Bank.

“It is important to note that impacted SKNA prepaid cardholders are still able to access their funds through SKNA or SKNA’s agent, ePassporte.com,” the statement said.

“Visa is committed to maintaining the integrity of its global payment network and routinely conducts due diligence to ensure Visa prepaid programs adhere to the company’s stringent program requirements and controls.”

Other adult webmaster forums suggested that the move is in response to new anti-money laundering requirements mandated by the Credit Card Act of 2009, which affects prepaid cards and other payment card instruments that can be reloaded with funds at places other than financial institutions.

For more information cardholders should contact SKNA or ePassporte.com.

Representatives from St. Kitts-Nevis-Anguilla National Bank and Visa were unavailable to comment further by post time.

XBIZ will update this story as more information becomes available.

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