By TheMarker Correspondent and AP , By Guy Griml
Employees at the Payoneer are still trying to understand what hit them: the Israeli startup company has faced a wave of unwanted publicity after Dubai police claimed that suspects in the assassination of Hamas commander Mahmoud al-Mabhouh used its credit card technology.
Payoneer provides prepaid credit cards, which means holders can fill them with money and use them, without the card being tied to a standard bank account. Thirteen of the 27 suspects used prepaid MasterCards issued by MetaBank, a regional American bank, in order to purchase plane tickets and book hotel rooms, said the Dubai police. The police then tied MetaBank to Payoneer.
It is still not clear how bad the publicity is. One source close to Payoneer said: "All such publicity hurts," but added that customers were unlikely to be deterred from buying the company's products.
Of course, what everyone wants to know is whether Payoneer knew, or even helped. Most people think there is no chance the company had anything to do with the affair, since the Mossad - if the Mossad was indeed responsible for Mabhouh's assassination - does not tend to reveal the details of its secret operations to Israeli startups. |
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