Originally Posted by
MilesGator
First,just want to say the direction this thread has taken is awesome. I actually feel like I learned something about the underlying architecture of how these GCs/prepaids work.
So if the FDIC has stopped Bancorp products from being run as an ACH pull, then why is only Walmart affected?
I used a OV for a MO at another establishment and it went through fine (at least I got the MO, deposited into my bank and waiting for it to clear...not until it does will I really feel OK).
This is pure guess but the reason could be that WM offers billpay which is a ACH mediated transaction. Maybe the fact that the establishment has some ACH mediated transactions allow them to test funds of debit cards that not necesarily are money transfer, like buying MO or loading BB. Or may be the software is not able to diferenciate and process all transactions similarly.
Other establishment were they offer only MO may not be hardwired the same way. Pure guess