Telephone Briefing/Webcast Series*
The American Bankers Association announces the "2012 Prepaid Cards: The Opportunities and Regulatory Risks Telephone Briefing/Webcast Series." Prepaid cards are the fastest growing form of payment. This series will help you understand both the opportunities and the risks of adding prepaid to your product offerings.
| Program Date |
Audio Recordings Now Available |
| Per Site Fees** |
$255 ABA Member/Service Member • $385 Non-Member |
| Registration |
Not applicable |
| Audio CD |
Order Series Recordings or Select Individual Recordings (PDF)
Please note recordings are not eligible for CPE for CPA or CFP credits. |
| Credits |
Recordings of these telephone briefings have been approved for continuing education credits. See below.
The Institute of Certified Bankers (ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. |
Session 2: The Prepaid Regulatory Environment
(This recording is eligible for 2.5 CFSSP, 2.5 CRCM continuing education credits ) Many regulatory rules, both at the federal and state level, come into play when developing and administering a prepaid access program.
This recording of the session held on August 14, 2012 highlights some of the regulatory compliance elements banks and other financial institutions should take into consideration, including:
Rules under the CARD Act for prepaid
Current application of Regulation E for prepaid - Special disclosures required for prepaid programs
- Payroll cards and the rules and regulations
Dodd/Frank: - Durbin Amendment issues regarding prepaid programs
Role of CFPB
FinCEN rules on prepaid - Customer identification requirements
- Risk assessments for different types of cards
- Proposed reporting for cross-border transportation of prepaid access devices
Role of States in developing prepaid regulations
Speakers:
- Steve Kenneally, VP, Center for Regulatory Compliance, American Bankers Association
- Richard Santoro, VP, Government Affairs, MasterCard
- John MacKessy, Anti-Money Laundering and Trade Sanctions Officer, Global Compliance & Forensics, MasterCard
- Joel Feinberg, Partner, Sidley Austin
- Patrick Dwyer, VP, Global Prepaid Strategy, MasterCard
Who Should Attend?
- Chief Risk Officers
- Bank Counsel
- Compliance Officers
- Compliance Managers
- Lending Officers
- Risk Managers/Auditors
Session 1: Prepaid Card Business
(This recording is eligible for 2.0 CFMP continuing education credits)
This recording of the session held on July 18, 2012 focused on the business -- the types of cards available, how customers are using them, the revenue potential, and the keys to successful implementation. The panelists examined the following topics:
- The different types of prepaid cards available
- Customer demographics attracted to each type of card
- How customers are using the cards
- Business use of prepaid
- Resources required for a successful prepaid program
- Live case studies.
Speakers:
- Kari Mitchum, Sr. Director, Card Solutions, American Bankers Association
- Tim Sloane, VP, Client Services/Director, Prepaid Advisory Services, Mercator Advisory Group
- Jane Haskin, Pres/CEO, First Bethany Bank & Trust
- Arnold Galit, VP, Prepaid Card Products, SunTrust
Who Should Attend?
- Chief Executive Officers
- Chief Operations Officers
- Chief Financial Officers
*ABA's Telephone Briefings include reference materials and telephone audio. Telephone/Webcast Briefings include reference materials, telephone audio, and simultaneous webcast presentation (requires 56K or faster with JavaScript and cookies enabled in the browser, i.e., Microsoft Internet Explorer 4.0 or later, or Netscape 4.7X).
**Each site license (registration fee) entitles you to one phone connection and one Internet connection (when there is a simultaneous webcast presentation) where an unlimited number of listeners can participate. Any transmission, retransmission or republishing of the audio or Web portions of this briefing is strictly prohibited.