Originally Posted by Eric

I have zero skin in this game, but it gets very disturbing to see the number of people that do not understand the basic fundamentals that a financial institution must adhere to so they are able to do business.

This is not a Paxum requirement, this is a requirement of the bank that backs Paxum and a requirement that Paxum must adhere to so they can keep the Mastercard Logo on their cards and Paxum users can continue to enjoy the luxuries that a Paxum card provides.

KYC is not some made up regulation. READ IT. LIVE IT. LOVE IT!

http://en.wikipedia.org/wiki/Know_your_customer

I do not work for Paxum, I do not even have a Paxum account.