Nov 15, 2013, 2:29 pm
Last edit by: ChrisFlyer66
As of 6/19/2014, Walmart does not accept debit transactions above $49.99 from cards issued by Bancorp, namely Vanilla Visas (OV, VGC, etc.). Attempts result in "Alternate Tender Required," "Debit Not Available," and/or some other error message, at both registers and the Money Center Express (MCE, kiosk, Kate, ATM).
There is no workaround.
There is no workaround.
Problem loading Bluebird with Vanilla Visa GC
Jun 22, 2014, 10:37 am
#796
Join Date: Sep 2005
Location: CVG
Programs: AAdvantage, Delta Skymiles, CapOne Venture, Citi ThankYou
Posts: 486
http://www.fool.com/investing/genera...collapsed.aspx
According to Bancorp's SEC filing, the FDIC has restricted the bank, until further notice, from issuing nonbenefit reloadable prepaid cards and from any automated clearing house transactions for merchant-related payments.
According to Bancorp's SEC filing, the FDIC has restricted the bank, until further notice, from issuing nonbenefit reloadable prepaid cards and from any automated clearing house transactions for merchant-related payments.
I'm mostly thinking out loud now but the logic sequence is:
1. FDIC takes action against Bankcorp
2. Bankorp prohibited from using ACH to pay merchants (WalMart)
3. WalMart likes to be paid so they stop Bankcorp activities (Billpay) requiring payment
So even though Visa Debit transacts through Plus and Interlink, WalMart gets an ACH payment for debit processing and with that blocked they stop Visa Debit on Bankcorp products.
I still think the motivation for Bankcorp, prepaid market leader, will be to comply ASAP so their business may resume. That means a temporary glitch for our MS activities. Not even temporary if you use non-Bankcorp products.
Jun 22, 2014, 10:45 am
#797
Join Date: May 2014
Posts: 201
I think there will be considerable "collateral damage" here; many merchants, CSRs, cashiers, etc being spooked by anything more than someone purchasing anything more than $25 Starbucks cards.
Jun 22, 2014, 10:54 am
#798
Join Date: May 2014
Posts: 201
Jun 22, 2014, 10:56 am
#799
Join Date: Mar 2014
Posts: 148
Jun 22, 2014, 11:17 am
#800
Join Date: Jun 2014
Programs: marybethhebert
Posts: 19
all GCs dead
As of this a.m., both WMs I visited said that it was WMs policy not to accept any debit or gift card that did not have the person's name printed on it. They were quite clear that is was "federal regulation" (not saying they're right, but it's clearly what they've been told) and that it is to prevent money laundering. As much as I wish this was a glitch, I fear it's the end of GCs to BB. (And, if I had a way of only letting helpful posters read this, and block it from the "I got mine, you get yours, with no help from me" posters, I absolutely would. The purpose of FT is to be HELPFUL. For you pros who have benefitted a lot from these forms of MS, good for you; but saying "it was hard for me, it should be hard for you" is just plain selfish.)
Last edited by respectfulhelper; Jun 22, 2014 at 11:22 am Reason: learning how to post--posted too soon!
Jun 22, 2014, 11:21 am
#802
Join Date: Jun 2013
Posts: 1,060
Other cards not working are the mall cards, so far anyway. The need for cards with names on it is old news...
Jun 22, 2014, 11:24 am
#803
Join Date: Apr 2013
Posts: 47
I could not load my cards yesterday.
They asked for ID that matches both the bb and debit card.
Jun 22, 2014, 11:31 am
#804
Join Date: Nov 2006
Location: RDU
Programs: Marriott Gold Elite, Hyatt Explorist, AA, Delta, Southwest CP, Citi Prestige, MLife Platinum
Posts: 103
data point - I was able to find US Bank at another grocery today and loaded to BB at WM with no problems and was not asked for ID. Seems business as usual for US Bank cards.
Jun 22, 2014, 11:38 am
#805
Join Date: May 2014
Posts: 201
Jun 22, 2014, 12:42 pm
#806
Join Date: Mar 2005
Location: ATL
Programs: AA, AGR, DL, MR, WoH, UA
Posts: 951
Jun 22, 2014, 12:44 pm
#807
Join Date: Mar 2012
Posts: 407