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OnDemand Webinar

Prepaid Cards: An Alternative to Traditional Checking Accounts?

This OnDemand Webinar will provide banking and other financial services companies with essential information to evaluate prepaid card/access products that will best complement their current business models and risk tolerance. The program will explore the advantages and disadvantages of this rapidly evolving financial product line. It will provide organization with solid guidance on key issues to consider in evaluating and structuring such programs and provide an update on critical legal and regulatory issues that may impact further development of the product.


Runtime: 88 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Why Offer Prepaid Cards?

  • Should Prepaid Cards Be Offered Instead of or in Addition to Traditional Checking Accounts?
  • What Advantages Do Prepaid Cards Offer - to the Bank, to the Consumer?
  • What Are the Disadvantages of Prepaid Cards - to the Bank, to the Consumer?

Managing the Prepaid Card Product?

  • Recognizing Economies of Scale - Lowering Overhead Costs, Leveraging Vertical Marketing Partners, Containing Facilities Cost, Reducing Borders, Increasing Reach
  • Addressing Portfolio Economics - Defining, Quantifying and Reaching the Market for the Product, Reclaiming Market Share
  • Risk Management - Eliminating Overdrafts, Negative Balances and Checking Kiting, Increased AML Concerns, Dealing With Additional Association Rules, Confronting Rules for Payroll Cards and More
  • Managing Vendor/Partner Relationships - Allocating Responsibilities and Liabilities

Addressing Legal and Regulatory Concerns

  • View of the Bank's Regulator (OCC Guidance)
  • Does Durbin Make a Difference?
  • To What Extent Is FDIC Insurance Coverage?
  • FinCEN, the Bank Secrecy Act and Anti-Money Laundering Compliance
  • The Consumer Financial Protection Bureau's Jurisdiction
  • Role of State Money Transmitter Laws
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In Partnership With

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 23, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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In Partnership With

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

No photo available

Shawn Carden

ACHIEVECARD

Carol R. Van Cleef

Carol R. Van Cleef

Baker & Hostetler LLP

  • Partner in the Washington D.C. office of the law firm, Patton Boggs LLP
  • Counsels banks, money service businesses and other financial services companies on anti-money laundering (AML) compliance and enforcement matters, privacy and data security, and other banking regulatory issues
  • Advises extensively on alternative and emerging electronic payments products, services and systems, including stored value/prepaid cards, digital and virtual currencies, and international money transmissions
  • Created the highly acclaimed Boot Camp for BSA/AML Compliance Professionals sponsored by the Conference of State Bank Supervisors
  • Founder of the AML Training Institute and Comptegrity Inc., a company providing AML and other compliance training solutions
  • Certified Anti-Money Laundering Specialist (CAMS) and serves on the Editorial Task Force of ACAMS Today
  • Writes and speaks frequently on both AML compliance and payments issues
  • J.D. degree, American University Washington College of Law; B.S. degree, Georgetown University, School of Foreign Service
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In Partnership With

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 389103
Published 2012
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Available in Multiple Formats

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