Resources
See latest resources ยป
Cash on the cards

Cash on the cards

Source:

Pre-paid cards: How do they function and how are they regulated? A summary analysis of a Federal Reserve Bank of Philadelphia-hosted conference.

On 3 June, 2004, the payment cards centre of the Federal Reserve Bank of Philadelphia hosted a conference on pre-paid cards. The conference brought together representatives from eight major banks, seven national retailers, three state governments, three federal regulators, a score of providers of prepaid card services, and a number of legal professionals to discuss the development of the pre-paid card market and its regulation.
What follows is a summary of the conference, beginning with the opening comments of Federal Reserve Bank of Philadelphia president Anthony Santomero. His comments are followed by a synopsis of the conference keynote on broad trends in the consumer payments industry. This keynote was delivered the evening before the formal conference proceedings by Ronald Congemi, president of debit services and Star Systems for First Data Corporation.
The rest of the summary is structured around the two key questions the event was designed to answer: How do pre-paid cards function and how are they regulated?

Download the document now 1.23Mb - PDF

Comments: (0)

Research resources
See all Research resources »
Webinar - The Art and Science of Customer Relationships
/research

Webinar - The Art and Science of Customer Relationships

Accurately quantifying customer experience can seem an immensely nebulous task. While the benefits of improving this are evident, there is no clear method of measuring it.

Central Bank Digital Currency and Monetary Policy
/research

Central Bank Digital Currency and Monetary Policy

A Bank of Canada investigation into the benefits and costs of issuing a central bank digital currency for monetary policy.

Data in the payments industry
/research

Data in the payments industry

The UK's Payment Systems Regulator starts a conversation on how data is used in payment systems and explores the potential barriers to its objectives.