Visa suspends its services to BOD due to US blockade

The Visa company will not provide its services to the Western Discount Bank (BOD), following the blockade by the United States Department of the Treasury and the administrative intervention of the Superintendency of Banks and Other Financial Institutions (Sudeban).

On September 12, Sudeban took “administrative measures of intervention of the State in protection and assurance of the funds of Venezuelan users” to the BOD, for a period of 120 bank business days.

In that context, the information regarding the cessation of the service transcended by the dissemination of a letter sent by the Visa company to the Executive Vice President of the BOD, Jorge Fernández, which states that “according to the official circular of the Sudeban, effective as of from September 12, 2019 and for 120 days, the Western Discount Bank will be intervened. ”

Likewise, the document details that due to the blockade carried out by the US department “Visa is prohibited from providing services, directly or indirectly, for the benefit of the Western Discount Bank, Banco Universal C.A”.

The text also states that the credit card operator blocked the BINs associated with the BOD, which are the following: 402686/407427/407616/414640/422242/441132/441133/474154/493752/493753.

After the intervention, Sunaval reported the suspension of the BOD of the Caracas Stock Exchange, reports Noticias24.