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Saturday, August 26, 2006 

Uniclear : Suspending Transactions

Good thing I stopped using them long ago. Mail from Uniclear.

Dear UniClear Customer,

In light of recent events, we sincerely regret to inform you that we are
suspending all transactions other than credit card processing for merchants
for at least 120 days. This is due to the fact that the issues surrounding
our problems with Wachovia, debit cards, ACH and our previous credit card
processor have resulted in almost no new business, making it impossible to
continue business at this time.

Instead we will continue to pursue legal actions against Wachovia, the State
of Delaware and others in order to recover every last penny that has been
frozen that belong to our clients. The funds are by no means lost, just tied
up in litigation. These matters can and often do take lengthy court
proceedings and has resulted in this temporary suspension of services.

Furthermore, we are suspending all Canadian issued UniClear debit cards
indefinitely as a result of continued difficulties with the Financial
Institutions Commission of British Columbia (FICOM). Previous balances are
being credited back to UniClear accounts.

During this 120 day period:

We will not be accepting any funds for credit to any UniClear accounts;
We will not be offering any debit cards or card loads;
We will not be honoring any funds transfer requests from any UniClear
accounts;
We will not be providing telephone or email support for any UniClear
accounts;

We are working to succeed through tremendous difficulties, including
Wachovia Bank and the State of Delaware freezing millions of dollars in
assets, our merchant and credit card processing being discontinued
unexpectedly, and a cease and desist order issued against our Canadian
debit card platform.

These issues have eliminated many of our most profitable services and
created constant delays for our customers, which has caused immeasurable
damage to our reputation and slowed our business to a crawl. We cannot
afford to employ the staff necessary to support your accounts until we
resolve these issues and resume merchant processing.

We appreciate your understanding and continued patience during the next
120 days.

Sincerely,

UniClear



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Autosurf Guide and News 2006