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Something is very wrong. Is anyone watching? Does anyone care? Can this be another government screw-up?, page-125

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LongNWrong

669 Posts.

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27/10/20

22:15

Post #: 48435345
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Originally posted by Rodeoshow: ↑

I think personally the negative media got to VISA and they looked for a reason to cut ISX on brand risk (fairly or not). I think those select quotes are probably just excuses (in much deeper, broader conversations) to cut them, but probably without any supporting evidence. For example, JKs email said VISA is legally required to report any AML issue involving processors to regulators, they have not reported a single issue involving ISX. We know ISX was audited on all card schemes for AML between November 2019 to March 2020 and had no issues. To be fair if I was VISA and a company was getting panned in the media like ISX was, I would have been concerned about being linked to them as well. The ASX is picking and choosing what it puts out there to paint a desired picture, it’s appalling really. But just remember no independent expert has sided with them on anything.

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One more thing - why the JK tweet re an own goal and paperwork being the reason for suspension? If your view is correct then wasn't JK's tweet disingenuous at best and misleading at worst?

ISX Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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