Dates of Event & Pricing

$295 for Webinar and Playback*

*Playback has no expiration.

  • Wednesday, August 14, 2024

  • 12:00 – 1:00 pm (Eastern Time)

  • 11:00 – 12:00 pm (Central Time)

  • 10:00 – 11:00 am (Mountain Time)

  • 9:00 – 10:00 am (Pacific Time)

Curriculum

Prepaid cards are a popular and versatile financial tool, but implementing a successful prepaid program requires careful planning and attention to detail. In this informative one-hour webinar, we'll guide you through the essential considerations for launching a compliant and profitable prepaid card program.

We'll begin by demystifying the Consumer Financial Protection Bureau's (CFPB) Prepaid Rule, highlighting the key provisions you must understand to ensure your program is compliant. We'll then delve into the top 5 strategic points you should consider before launching your prepaid card, from selecting the right program partner to defining your target market and crafting a compelling value proposition.

Next, we'll provide a comprehensive checklist for reviewing contracts, policies, and procedures, ensuring your program is legally sound and operationally efficient. You'll learn what red flags to look for, how to negotiate favorable terms, and how to develop robust policies that protect both your institution and your cardholders.

Whether you're new to prepaid cards or looking to optimize an existing program, this webinar will equip you with the knowledge and insights to launch a successful prepaid card program with confidence.

Why You Should Attend:

  • Stay Compliant: Ensure your prepaid card program meets all regulatory requirements and avoids costly penalties.
  • Maximize Profitability: Learn how to design a program that delivers value to your customers and generates revenue for your institution.
  • Mitigate Risk: Identify and address potential risks before they impact your program's success.
  • Streamline Operations: Discover best practices for efficient program management and customer service.
  • Competitive Advantage:Gain a competitive edge by offering a well-designed and compliant prepaid card program that meets the needs of your target market.


Instructor

Lawyer - Banking and Fintech: BairdHolm Eli Rosenberg

Eli A. Rosenberg counsels both industry leading and start-up FinTech companies as well as financial institutions with respect to their financial services products. Eli routinely advises clients on numerous financial services issues including electronic banking, merchant-acquiring, electronic fund transfer, credit card, debit card, and prepaid card businesses. He also assists clients with state and federal regulatory compliance and other regulatory matters including money transmitter/money service business licensing and marketplace lending issues. Additionally, Eli leads financial services clients in contracting with service providers and negotiates services agreements and independent sales organization, BIN, agent bank, and association contracts. Notably, Eli serves as regulatory counsel to the Innovative Payments Association and works closely with industry leaders and government regulators on emerging issues facing financial services providers.

Instructors Money Services Business Association

The Money Services Business Association, MSBA, is a leader in the non-bank money services industry. The Association works to support the non-bank financial service industry, track legislation and regulation while increasing awareness about the benefits and security provided by our members' services. The Association strives to promote education and communication with Federal and State Regulators.

Credits

1.0 CPE Credits & 1.2 AAP Credits