Prepaid Cards

Prepaid Cards

Our firm has extensive experience with regulatory compliance of prepaid cards and encompasses all aspects of the implementation and management of prepaid card programs, including:

  • Federal, state and offshore regulatory compliance.
  • Development of consumer protection and unclaimed property escheatment manuals.
  • AML & KYC compliance.
  • Money transmitter licensing.
  • Privacy policies and Gramm-Leach-Bliley Act (GLBA) compliance.
  • Compliance with the Electronic Funds Transfer Act (EFTA).
  • Breakage and slippage management strategies.
  • Third party service provider and bank sponsor agreements.

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