Thursday, November 19, 2009


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Auditing the Deposit Operations of ATM Cards, Debit Cards & Prepaid Stored Value Cards - Tele/Web Seminar
HIGHLIGHTS:

• Definitions and descriptions: types of prepaid programs
• Card controls: individual and geographic limits
• Card issuance procedures: card stock tracking, order access, and instant issue controls
• Card cancellation procedures
• File transmission verification procedures: real-time environment and memo post
• Regulation E considerations
• Regulatory guidelines
o FIL 129-2008 Stored Value Cards and Other Nontraditional Access Mechanisms
o FIL 127-2008 Guidance on Payment Processor Relationships
o Vendor and information-security concerns
o Fair Credit Reporting Act and debit cards
o Pending regulatory considerations – access devices and credit-line advances
• Charge Card – zero-liability clauses
• Complications with business ATM and debit cards
• Advertising concerns
• Future of cards – decoupled debit cards?

For a complete seminar brochure, please contact the CBA office. Thank You