Quote:
Originally Posted by Lipshtich Lady
interesting Pam
other credit cards or the credit card they issue and mail (if you choose to do that)? any other credit cards I have are not relevant to them.
voided check - for account they are wiring to? many ask for this.
bank statements - none of their business?
Utility bills are not relevant and not their business - though in some places that is a way addresses are verified.
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The credit card on file. I have 2 -- both Mastercards -- and neither is an active number. Both clearly state they are inactive, yet they want a copy of the credit cards I don't have any longer and they don't even take Mastercard any more! And my Mastercard is for business so is in my business name and address.
Voided check for the account tied to my bank account. I transfer my ePass funds to this account and it's a business account, so my name and address can not be verified by providing this.
Bank statement tied to the voided check account. Again, business name plus I'd black out everything on there as it's no one's business who I pay each month, or who pays me.
Utility bill to verify who you are and the address. Most of my bills have my PO Box address on them OR my mailing address, which isn't my home address.
I'm with Varzi on this, why are some who get $5k a week not being asked for this yet one of my accounts only gets about $1k a month ... I'm told it's $5k over time, not at one time. And I'm told it's a Visa regulation. ePassporte offers Virtual Visa cards. If I were going to defraud anyone in another name, I'd have been doing it for the past 4-5 years I've had the card.
Also, sending in a copy of the credit card with the CVV code on the back, and ePass storing this document ... well, the card associations make it illegal to store a CVV code and I do believe it's also a Federal law. They are not a credit card processor but I don't believe it would be legal for them to store this, but I am not a lawyer.
It sounds like their bank is clamping down and requiring them to adhere to the Patriot Act, but they are not a USA company, right?