International Loads
International Loads Most U.S. banks cannot support ACHs coming in from outside the country. If the Issuing Bank is able to receive the ACH from an international bank, most …
Topic Category: Prepaid 101
Mailing Cards
Mailing Cards Most networks and issuers will not allow Program Managers to mail a card outside of the United States. Some even limit issuing cards to individuals living in …
Open Loop vs Closed Loop
Open Loop vs Closed Loop One of the big advantages of prepaid cards is that the Program Manager can determine where the funds can be spent. Program Managers can …
Introduction to Prepaid Quiz
Introduction to Prepaid Quiz Now that you have completed the review, it is time to take the quiz. Note that you cannot take the quiz until you have reviewed …
Bank Requirements
Bank Requirements The Issuing Bank is the owner of the card program and the Program Manager is an agent of the bank. Because of this, any materials that mention …
Network Rules
Network Rules Each Network has specific rules that cover the Issuing Bank, merchant and Program Manager. Many are derived from Visa and MasterCard, which are very similar. The links …
PCI
PCI Payment Card Industry (PCI) is a set of standards used to keep payment card information protected. PCI is primarily concerned with the 16-digit card number, PIN, and the …
Government
Government Here is a list of some of the most active regulations in the prepaid industry. Reg E – Prepaid and debit cards that have funds deposited from an …
Card Destruction
Card Destruction If you are mailing cards to cardholders, you will receive cards returned in the mail. The cards will be returned to the address showing through the envelope. …
Envelope
Envelope All the items mentioned in this Lesson are inserted into the envelope. The envelope is usually plain white and there is no indication that there is a prepaid …
