SRZ Attorneys Discuss Compliance Considerations for Prepaid Businesses

SRZ attorneys Donald J. Mosher and Kara Kuchar have authored an article for Paybefore.com exploring the aspects of the Dodd-Frank remittance transfer provision that are applicable for prepaid businesses. The Dodd-Frank Act added a new section to the Electronic Fund Transfer Act to require remittance transfer providers (RTPs) — which include traditional money transmitters, banking institutions and certain providers of prepaid cards that provide international remittance transfers in the normal course of their business — to provide certain consumer protections. Former SRZ attorney Diana Whitaker also contributed to the article.

Donald and Kara will also present at IIR’s 7th Annual Prepaid Expo on March 12–14, 2012, with Donald serving as chair of the Regulatory Summit and speaking on "Complying with State Consumer Protection Laws." Kara’s topic for the panel is "Emerging Payment Systems: Legal, Regulatory, and Compliance Considerations." IIR is offering attendees the opportunity to "Test Drive an Expert" in a one-on-one meeting and Don will be available to discuss mergers, acquisitions and investments.

To view the article for Paybefore.com, please click here. For more information about the 7th Annual Prepaid Expo, please click here.