Ann: ASX Query Letters re ISX suspension & termination by Visa, page-41

First 41 Last

Share
Profile

Follow
NashaNasha

1,967 Posts.

1973

26/10/20

16:34

Post #: 48394575
Share

Originally posted by Scott th Ratbag: ↑

ASX Query Letters are a concern....

There are significant discrepancies between ISX reporting of Visa business and the comms from Visa - particularly 05/05/20 Termination. With ISX posting on 15/05 the statement that: -

Processing to merchants across the Visa network was also suspended for parts of March pending response to Visa re queries on ASX “investigation”, concerns re “derogatory media” and the focus on high risk merchants. The Company is providing Visa with information regarding the ASX “investigation” and other matters. Visa has notified that their response times on this matter have been impacted by COVID-19.

This was clearly not accurate.

Also the Clayton Utz report discussion of Visa shows that ISX were not disclosing accurate information.

I hadn't noticed this in the CU Report earlier (perhaps a bit glazed over with anxiety).

I'm forced to admit that ASX may actually be making a point here that indicates that ISX have not been fully forthcoming with truthful disclosures.

This is very worrying. But I'll look forward to reading better analyses of this than I'm capable of.

I'll reserve my opinion.

Expand

Scott, you missed one VERY important line. Who do you believe? ASX/VISA or Austrac? If VISA has AML concerns do you think they would be in talks with AUSTRAC? .........it does not make sense right? I mean ISX would be one brave entity claiming they were clear on AML issues with Austrac if they weren't......

"Neither iSignthis nor its subsidiaries are under investigation for any operational matters, or for thosematters raised by Visa. AUSTRAC has also confirmed that it has not engaged with any business or financialinstitution with regards to iSignthis’ business operations."

Last edited by NashaNasha: 26/10/20

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
30 Upvote

1 Great analysis

Reply

Top Stories

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

There are more pages in this discussion • 509 more messages in this thread...

First 41 Last

Add SP1 (ASX) to my watchlist

Ann: ASX Query Letters re ISX suspension & termination by Visa, page-41

Top Stories

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Featured News