How Minex can deliver card without making issuing contract first ?? It is not possible or legal.
These cards are not branded, valid Minex card,but ordinary bank company card which Minex is desperately pushing forward as a legal,valid one. They did not learn absolutely nothing from previous cases.
Why Minex is constantly using misleadings,disinformations,half-truths and lies to make false impression about payment card situation?
Only after immense pressure and presentation of irrefutable evidences they are starting to say some truth.The moment pressure subside,here we go again,invalid test cards become valid branded cards by pure magic.
Like people who lead Minex really wants to push theirs reputation to absolute zero or they really dont care about it at all.Stop manipulate people,stop lying. When you make valid payment card issuing contract,make announcement.Then finish all needed regulations and when first batch of branded,valid cards come ,make some pictures to prove it,test your software,etc.
People should be extremely cautious,because VISA or Mastercard can block such invalid cards any time due to serious violations of regulations and freeze funds on theirs card accounts.
I agree with you because it seems they are still overplaying their hand. Using test cards give no guarantee of actually getting a contract in place and a bunch of cards printed ready to use.
The bank would require liquid capital to cover fees to create cards and the finances of Minexsystem are not exactly looking great. Maybe things will become clearer in the coming days because I would like to know how they will fund their card issuer fees.
About software and things like that it is not a difficult issue to get around because there are ready made all-in-one packages available which cover billing, fees and everything. They can be selected when you sign a deal with a Visa/Mastercard program manager but that has to link with their crypto-FIAT software conversion and that is probably going to require a FIAT buffer which needs to be in place before the cards get sent out if a eal is in place therefore more expense.