Final Word
Final Word This course has provided a general overview of the many parts that it takes to run a prepaid card program. The information provided includes many best practices. …
Lesson Category: Prepaid 101
Rules and Regulations
Rules and Regulations There are many rules and regulations that apply to the prepaid card industry. The primary enforcer of the regulations is the Consumer Fraud Protection Bureau or …
Card Packet
Card Packet The envelope that the cardholder receives containing their card is referred to as a card packet. In addition to the plastic card, the card packet contains a …
Load Options
Load Options The key to a successful debit or prepaid program is loading funds onto the card. There are many different options that Program Managers have to choose from.
International Usage
International Usage Most prepaid cards can be used domestically in the United States and in other foreign countries. During these transactions, the question of currency conversion often needs to …
Disputes
Disputes If a cardholder does not receive services/product, receives a defective product, or did not make a purchase that is showing in the prepaid account, the cardholder can file …
ATMs
ATMs We’ve already learned about ATMs a couple of times in this training. Now, let’s dive into the nitty-gritty when it comes to these transactions.
Features
Features Features are what a prepaid card can do and how it can do it. This ranges from making purchases to withdrawing cash to loading funds. Lets take a …
Payment Card Fees
Payment Card Fees All fees are charged in the processor’s system. No fees are charged directly to the cardholder by the Issuing Bank or the network. All fees must …
Types of Prepaid Cards
Types of Cards There are only two types of debit cards (traditional bank and Fintech debit) and two types of credit cards (revolving credit and charge cards) that are …
