Prepaid Card Compliance

Legal and Practical Know-How for Structuring Products and Mitigating Risk

Tuesday, June 17, 2008

About

Different prepaid products trigger different regulatory treatment. Have you applied the appropriate federal and state regulatory frameworks to each of your products? Have you overcome the legal and compliance challenges affecting conventional, new and emerging prepaid offerings, including gift cards, reloadable, payroll, health care and benefit cards? Many federal and state enforcers have become more aggressive – are you prepared?

With the enhanced threat of money laundering, terrorist financing, security breaches and troubling litigation, ongoing prepaid compliance is critical for mitigating risk. This publication from The American Conference Institute’s “Prepaid Card Compliance” conference is the only U.S. event that is solely devoted to your most pressing legal, regulatory and enforcement concerns. Get updates and best practices from an outstanding faculty. Hot topics will include:

  • Federal and state regulatory and enforcement frameworks: Expert updates and insights
  • Federal preemption in the prepaid context: When is it triggered?
  • AML updates and compliance strategies for prepaid products
  • Reloadable cards: Compliance, data security and AML best practices
  • Third party arrangements: Minimizing the risk of privacy and security breaches
  • Escheat and abandoned property laws: What happens to remaining value on gift cards?
  • Disclosure, fees and expiry dates: What are the limits?
  • Structuring partnerships with retailers

Contents & Contributors

About

Different prepaid products trigger different regulatory treatment. Have you applied the appropriate federal and state regulatory frameworks to each of your products? Have you overcome the legal and compliance challenges affecting conventional, new and emerging prepaid offerings, including gift cards, reloadable, payroll, health care and benefit cards? Many federal and state enforcers have become more aggressive – are you prepared?

With the enhanced threat of money laundering, terrorist financing, security breaches and troubling litigation, ongoing prepaid compliance is critical for mitigating risk. This publication from The American Conference Institute’s “Prepaid Card Compliance” conference is the only U.S. event that is solely devoted to your most pressing legal, regulatory and enforcement concerns. Get updates and best practices from an outstanding faculty. Hot topics will include:

  • Federal and state regulatory and enforcement frameworks: Expert updates and insights
  • Federal preemption in the prepaid context: When is it triggered?
  • AML updates and compliance strategies for prepaid products
  • Reloadable cards: Compliance, data security and AML best practices
  • Third party arrangements: Minimizing the risk of privacy and security breaches
  • Escheat and abandoned property laws: What happens to remaining value on gift cards?
  • Disclosure, fees and expiry dates: What are the limits?
  • Structuring partnerships with retailers

Contents & Contributors

PREPAID CARDS
Jonathan Fink, Office of the Comptroller of the Currency

FDIC’S TREATMENT OF STORED VALUE CARDS
Christopher L. Hencke, FDIC

FEDERAL REGULATORY & ENFORCEMENT FRAMEWORKS: UPDATES AND PERSPECTIVES REGULATION E UPDATE
Ky Tran-Trong, Federal Reserve Board

STATE REGULATORY & ENFORCEMENT PANEL: RECENT DEVELOPMENTS AND CHALLENGES
Marjorie E. Gross, Skadden, Arps, Slate, Meagher & Flom LLP (Washington, DC)
Paul Russinoff, Visa Inc., Skadden, Arps, Slate, Meagher & Flom LLP (Washington, DC)
Molly A. Meegan, Skadden, Arps, Slate, Meagher & Flom LLP (Washington, DC)
Chris C. Daniel, Paul, Hastings, Janofsky & Walker LLP

PREPAID STRUCTURES AND FEDERAL PREEMPTION
Russell Schrader, Visa Inc.

PREPAID CARDS AND BANK SECRECY ACT REQUIREMENTS
Robert Curry, Fifth Third Bank
John L. Douglas, Paul, Hastings, Janofsky & Walker LLP (Atlanta/Washington, DC)

PARTNERING WITH RETAILERS: REGULATORY CONSIDERATIONS FOR STRUCTURING RELATIONSHIPS AND CO-BRANDING AGREEMENTS
Scott D. Feinstein, Sears Holdings Management Corporation

PARTNERING WITH RETAILERS: REGULATORY CONSIDERATIONS FOR STRUCTURING RELATIONSHIPS AND CO-BRANDING AGREEMENTS
Lisa M. InComm

THIRD PARTY ARRANGEMENTS: MINIMIZING LIABILITY FOR PRIVACY AND SECURITY BREACHES
Richard M. Schwartz, Federal Deposit Insurance Corporation

PRIVACY AND DATA SECURITY ISSUES: PREPAID PAYMENT CARDS
Kristen J. Mathews, Proskauer Rose LLP (New York)

RECOMMENDED PRACTICES FOR ANTI-MONEY LAUNDERING COMPLIANCE FOR PREPAID CARD PROGRAMS
Terrence P. Maher, Baird Holm LLP (Omaha, NE); Network Branded Prepaid Card Association

AML COMPLIANCE STRATEGIES FOR PREPAID PRODUCTS: MANAGING THE THREAT OF MONEY LAUNDERING
John C. Ricci, Green Dot Corporation (Monrovia, CA)

BEST PRACTICES FOR PREPAID CARD DISCLOSURES
John Hagy, MetaBank

DISCLOSURES FOR PREPAID CARD PROGRAMS: AN OVERVIEW OF THE RULES
Andrew J. Lorentz, WilmerHale (Washington, DC)



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0