It is my understanding that Parex Bank is closing down all its so-called
anonymous debit card (Cirrus) accounts on 31st May unless the
cardholders provide fully notarized ID by then.

This does NOT have any immediate effect on Fidex's Bearer ATM cards
which are issued through another Latvian bank, Lateko. However, my
personal opinion is that other Latvian banks will be under a lot of
pressure to follow Parex's lead... it's just a matter of when.

I would like to take this opportunity to remind people that our primary
debit card product, the Fidex Maestro card, has absolutely nothing to do
with Latvia and is not affected by these changes. It is issued in St
Vincent.

Fidex Maestro cards are NOT anonymous they can be opened with much less
hassle than the standard Latvian procedure of visiting a notary,
certifying your ID etc...

Take a look at Fidex's site http://www.e-fidex.com for details of the
Fidex Maestro and Privacy Accounts.

Regards
Nick Scott
Fidex



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