Prepaid Payment Products

Florida AG Announces Settlement With Prepaid Debit Card Companies

On January 16, Florida Attorney General Pam Bondi announced that she obtained “first of their kind” settlements from the state’s five largest prepaid debit card companies. The settlements resolve claims that the companies...more

Single Purpose Commercial Prepaid Cards and Their Implementing Practices in Shanghai

In September 2012, the Ministry of Commerce (“MOFCOM”) issued the Administrative Measures on Single Purpose Commercial Prepaid Cards (Tentative) (“Single Purpose Cards Measures”), which took effect on Nov. 1, 2012, and...more

2012 Payments Systems Year-in-Review

The interchange fee and the potential of mobile payments were the dominant payment system issues in 2012. From a landmark antitrust settlement to seemingly daily announcements of a new prepaid or mobile payment product, there...more

FAQ on the Proposed Canadian Regulations for Prepaid Payment Products

Retailers and Financial Institutions in Canada need to be aware of the proposed Prepaid Payment Product Regulations which will apply to both physical and electronic payment cards that are, or can be, loaded with funds and...more