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Monthly Archives: January 2010

Consumer Protection Comments Off

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The court enforced administration order granted today against Eclear (UK) was widely expected. However what ultimately has to come out of the undoubted ensuing enquiry is how such an “aggregator” type company could function unregulated in the UK. The other questions that need to be answered is who is the “Acquirer of Record” (Eclear was not a bank and could itself not clear credit cards)?. What role do Visa and Mastercard who formulate the credit card rules have to play in this fiasco? What checks did travel regulators and trade associations do for their licence holders and members in relation to Eclear?