Atlanta, GA-based iKobo, a company that provides a worldwide money transfer service, is discontuining its operations, effective immediately. In an e-mail to its users, the company writes:

We regret to inform you that iKobo is discontinuing services. Effective immediately, no further money transfers to your iKobo account will be allowed. Your card issued by Palm Desert National Bank will continue to be active until November 13, 2008. Your card will no longer work after this date. However, the card funds are safe and guaranteed, even after the card is de-activated.

The rest of the e-mail after the jump.