Sunday, October 20, 2013
WORKSHOP A - LAUNCHING A PREPAID PROGRAM: WEIGHING THE RISKS AND REWARDS
Regulatory changes and actions have had a noticeable chilling effect on the traditional program manager/BIN sponsorship card issuance model. Prepaid card processors and program managers are frustrated by their inability to find BIN sponsors for new card programs. The lack of BIN sponsors in the US is now at a crisis level.
Philliou Partners recently met with regulators, issuers and program managers about this crisis yielding a detailed understanding of what is required to be a BIN sponsor in this new environment.
During this workshop you’ll understand the new requirements and procedures for BIN sponsorship. You’ll learn about the redefined role of a BIN sponsor and focus on operational, financial and regulatory requirements.