Prepaid Card Compliance by C5Group

EARN CLE CREDITS

January 27 – 28, 2021 (EST)

Virtual Conference

PREPAID CARD COMPLIANCE Mitigating Risks and Ensuring Compliance When Structuring and Managing Plastic, Mobile and Virtual Products

Benefit from the Insights of Our Distinguished Conference Co-Chairs: Kimberly Schmid Senior Counsel, Global Regulatory Affairs Visa

Anthony M. Sharett EVP, Chief Legal and Compliance Officer MetaBank

Meet and Learn From Industry Leaders From: Visa

MetaBank

Marqeta

Mastercard

Netspend

Gusto

The Bancorp, Inc.

Sunrise Banks

Incomm Financial Services, Inc.

Greenlight Financial Technology

Innovative Payments Association Stride Bank

AmericanConference.com/PrePaidCard • 888 224 2480

Highlights for this Year’s Event Include: Caret-right Interactive GC/CLO Think-Tank: Engage in a virtual, face-to-face think-tank with GCs and CLOs

from some of the industry’s leading prepaid card companies on how the current payments industry is impacting prepaid programs

Caret-right Spotlight on Federal Initiatives Impacting Prepaid: Regulatory leaders will shed light on how to prepare for the latest CFPB, OCC, FDIC, FinCEN and FTC initiatives affecting the prepaid space

Caret-right Special Focus Sessions: Advanced discussions on avoiding compliance pitfalls when diversifying

a traditional prepaid program and weighing the business and compliance issues of offering prepaid vs. DDA products

PLUS – Gain a Competitive Edge by Attending our Post-Conference Workshop:

Associate Sponsor:

“Know Your Tech” Boot-Camp: A Complete Guide for Lawyers and Compliance Professionals on the Technologies Underlying the Latest Innovations in Prepaid Products Part of C5 Group’s FINANCIAL COMPLIANCE GLOBAL SERIES

Interactive Virtual Conference Experience

This program is designed to bring the dynamic, in-person conference experience to you virtually with multiple ways to engage with speakers, stay connected with industry peers and expand your professional network through 1-on-1 conversations.

Virtual Breakfast “Meet-Ups” with Industry Peers Interested in meeting other attendees before the conference begins? Join in on coordinated, zoom-style breakfast meet-ups and catch up with fellow attendees prior to the event.

Virtual Networking Opportunities Take advantage of 1:1 speed networking, exhibit hall meetups and direct video chats with fellow conference participants. Your next legal team, business partner, or client could be right in one of our virtual networking rooms – it is up to you to find them!

Polling Weigh in and seize the opportunity to benchmark with industry peers in real-time on leading issues such as sensitive, complex hypothetical scenarios.

Virtual Speaker Meet and Greets Come camera ready and engage in virtual Q+A with some of our key speakers. Take advantage of the opportunity to meet and learn from our speakers by asking targeted questions, receiving real time answers and benefitting from an interactive discussion of key takeaways.

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2 | #ACIPrepaid

CO-CHAIRS

Kimberly Schmid Senior Counsel, Global Regulatory Affairs Visa Anthony M. Sharett EVP, Chief Legal and Compliance Officer MetaBank SPEAKERS

Allyson Baker Partner Venable LLP Chad Brown, CRCM, CAMS Senior Vice President Compliance & Risk Manager Stride Bank Chris Daniel Partner Paul Hastings LLP Duncan Douglass Partner Alston & Bird LLP Jonathan B. Engel Partner, Co-Leader, Enforcement and Investigations Practice Davis Wright Tremaine LLP Brad Fauss Senior Vice President and General Counsel Greenlight Financial Technology Joel Feinberg Partner Sidley Austin LLP

Who You Will Meet?

\ Regulatory and Enforcement Officials \ Financial Products and Payments Professionals, Including: • General Counsel • Compliance Officers/Managers • Risk Officers/Managers • AML Managers • Privacy Officers • Data Security Officers • Regulatory Affairs Officers/Managers

Distinguished Faculty

\ Private Practice Attorneys Specializing In: • Prepaid Cards • Financial Services • Regulatory Compliance • Banking Law • Payment Systems • AML • Privacy/Data Security • Advertising & Marketing Compliance

Eric Goldberg Partner Akerman LLP Barry Hester Counsel Bryan Cave Leighton Paisner LLP Jason Honeycutt Chief Compliance Officer Netspend

Nicole Ibbotson General Counsel Incomm Financial Services, Inc. James Kim Partner Ballard Spahr LLP J.H. Jennifer Lee Partner Arent Fox LLP Siobhan Moore Partner Locke Lord LLP Linda Odom Partner K&L Gates LLP Thomas G. Pareigat General Counsel The Bancorp, Inc. Jeanette Quick Legal Counsel, Financial Services Gusto Claire Sammon Roberts VP Risk & Compliance Marqeta Anthony M. Sharett EVP, Chief Legal and Compliance Officer MetaBank Kimberly Schmid Senior Counsel, Global Regulatory Affairs Visa Brian C. Tate President & CEO Innovative Payments Association Andrew Toftey General Counsel and Secretary Sunrise Banks Heidi Wicker Partner Schwartz & Ballen LLP David Whitaker Partner DLA Piper LLP (US) Tina Woo Senior Managing Counsel, Regulatory Affairs Mastercard

twitter: @ACI_Finance linkedin: ACI: Financial Services – Legal, Regulatory and Compliance Professionals

Day 1 – Wednesday January 27, 2021 (EST) 9:15

Co-Chairs’ Welcome Remarks Kimberly Schmid Senior Counsel, Global Regulatory Affairs Visa Anthony M. Sharett EVP, Chief Legal and Compliance Officer MetaBank 10:00

A View from the Top on the State of Payments: How the Current Payments Landscape is Impacting Prepaid Programs and Traditional Banking Relationships Thomas G. Pareigat General Counsel The Bancorp, Inc.

card issuers and their counsel can best set their priorities for 2021 and beyond. • Examining the impact of Covid-19 on the payments industry, consumer behavior and the prepaid space • Assessing how the rise of challenger banks/neobanks are influencing the prepaid industry • Addressing the latest developments and compliance considerations surrounding the intersection of fintech and prepaid • Taking a look at recent activity surrounding crypto-backed prepaid cards • Examining the latest fintech charters and their impact on the businesses of prepaid companies and banks 11:00

Breakout Think Tank and Q+A with “View from the Top” Panelists Following our opening panel, take advantage of an exclusive opportunity to join a smaller, interactive group segment where attendees can meet the “View from the Top” speakers face-toface and engage in a “boardroom style” think tank and Q+A on our morning’s topics. 11:30

Insights on the Latest Federal Regulatory Agency Initiatives Affecting the Prepaid Industry Tina Woo Senior Managing Counsel, Regulatory Affairs Mastercard Kimberly Schmid Senior Counsel, Global Regulatory Affairs Visa

Anthony M. Sharett EVP, Chief Legal and Compliance Officer MetaBank

Tune in as a panel of GCs and CLOs from some of the industry’s leading prepaid card companies share critical insights on the current state of the payments industry, how the latest changes in banking activity are impacting prepaid products and how prepaid

Joel Feinberg Partner Sidley Austin LLP • Assessing the latest federal agency priorities and initiatives affecting the prepaid space (CFPB, FTC, SEC, OCC, FinCEN) • The latest guidance from the CFPB that is impacting prepaid • What does the industry need to know about the OCC’s new Payments Charter and how it is expected to impact the regulation of payments companies as banks?

AmericanConference.com/PrePaidCard • 888 224 2480

• The latest updates on how the various agencies are tackling innovation » An update on regulatory sandboxes, how they are working and where they are heading • What are the regulators looking at in connection to the rise of neobanks • Recent FTC enforcement and initiatives under the FTC Act and EFTA – how do these affect prepaid programs? • Preparing for examinations and investigations by the different regulatory agencies 12:45

Speaker “Meet & Greets” and Q+A with “Federal Regulatory Initiatives” Panelists Come camera ready and engage in a unique, virtual Q+A with the speakers from our “Federal Regulatory Initiatives” panel. Take advantage of the opportunity to meet and learn from our speakers by asking targeted questions, receiving real time answers and benefitting from an interactive discussion of key takeaways. 1:15

Lunch Break

2:00

11:45

Nicole Ibbotson General Counsel Incomm Financial Services, Inc.

Andrew Toftey General Counsel and Secretary Sunrise Banks

Morning Break

• Addressing the potential impact that the FDIC’s proposed rulemaking on broker deposits could have on the prepaid space

Politics, Policy and Prepaid: Examining the Impact of the Recent Election on the Prepaid Space Brian C. Tate President & CEO Innovative Payments Association James Kim Partner Ballard Spahr LLP • What impact will the presidential administration of 2021 have on the prepaid space? • What initiatives and regulations will be subject to change and evolve vs. remain and expand given the election results? • Assessing the implications of the recent election on: » The Durbin Amendment » The CFPB Prepaid Rule » Innovation and Regulatory Sandboxes

Part of C5 Group’s FINANCIAL COMPLIANCE GLOBAL SERIES

2:45

Avoiding Compliance Pitfalls When Diversifying a Traditional Prepaid Program: How Program Managers Can Branch Out and Expand a Product While Mitigating Compliance Risks

3:45

INTERACTIVE CASE SCENARIOS AND AUDIENCE POLLING

Implementing Effective AML/BSA Compliance and Fraud Deterrence Programs

Claire Sammon Roberts VP Risk & Compliance Marqeta

Jason Honeycutt Chief Compliance Officer, AML/BSA/OFAC Netspend

Linda C. Odom Partner K&L Gates LLP

Chad Brown, CRCM, CAMS Senior Vice President, Compliance & Risk Manager Stride Bank

Duncan Douglass Partner Alston & Bird LLP In today’s rapidly evolving and competitive payments industry, program managers of traditional prepaid cards are often contemplating how to take their product to the next level and make it more diverse and attractive to consumers. This panel will address the various compliance considerations that program managers must keep top of mind when expanding and diversifying their traditional program to:

Due to ongoing supervisory and enforcement actions and increased monetary penalties, prepaid card companies are facing increased pressure to address AML/BSA and fraud risks head on. This panel will walk through a series of complex, hypothetical scenarios which demonstrate the unique risks that prepaid companies face when establishing AML/BSA compliance and fraud deterrence programs. Test your AML/BSA skills through anonymous polling questions during the hypothetical series and benefit from a practical discussion of the polling results and important takeaways for your practice.

» Setting forth the allocation of risk between a processor, program manager and bank issuer » Identifying hot-button provisions that should always be included • Ensuring that less sophisticated program managers have an understanding of the regulatory framework at play, and the tools needed to build the necessary internal compliance controls • Conducting an annual review of your third-party servicer 5:30

Navigating the Legal and Compliance Challenges of Advance Wage Payment Products Jeanette Quick Legal Counsel, Financial Services Gusto Eric Goldberg Partner Akerman LLP

4:45

Avoiding the Top Ten Pitfalls in Third-Party Relationships: Maintaining Strong Oversight and Compliance Without Sacrificing Efficiency

• What state bills have been passed enabling the payroll advance industry, and what state bills and enforcement actions have been pushing back against it?

4:30

• Add remittance features

Networking Break

1:1 PEER-TO-PEER NETWORKING Make new connections, face-to-face. Troubleshoot top pain points, share breakthrough strategies or simply engage in a peer-to-peer meet and greet by using an interactive virtual feature that will introduce you to fellow industry peers for a quick conversation.

Heidi Wicker Partner Schwartz & Ballen LLP Siobhan Moore Partner Locke Lord (UK) LLP • Strategies for exercising sufficient oversight over third-party servicers without sacrificing efficiency and increasing costs

4 | #ACIPrepaid

• Devising well-constructed, enforceable contracts with third-party program managers

“Wages-on-demand” or “advance wage payment” products enable employees to get paid immediately for the hours they have worked, even if their scheduled payday is days or weeks away. While these new payroll advance products are becoming increasingly popular, they are raising a number of questions surrounding how these services work, whether these payments are considered loans or wages, whether they are legally allowable and what requirements are placed on these services under state laws. This panel will address these myriad questions, and provide additional insights on topics including:

• Add new types of loads (including cryptocurrency loads) • Add mobile payment, mobile app-based digital account or virtual wallet features

• Examining best practices for managing third-party service providers

• What should companies offering advance wage payments on payroll cards be considering so as not to run afoul of governing regulations? • For companies that are considering offering wage advance benefits to their employees, how should they be structuring their product so as not to violate state lending, licensing, wage and payroll card laws? 6:15

Conference Adjourns

twitter: @ACI_Finance linkedin: ACI: Financial Services – Legal, Regulatory and Compliance Professionals

Day 2 – Thursday January 28, 2021(EST) 9:45

Co-Chairs’ Welcome Back and Recap of Day 1 10:00

Examining the Implications of PayPal’s Lawsuit Against the CFPB: What Do the CFPB’s Final Prepaid Rules Mean for New and Future Products? Barry Hester Counsel Bryan Cave Leighton Paisner LLP

11:45

Take advantage of this extended networking break and see how many people you meet. Your next legal team, business partner, or client could be right in our virtual networking room – it is up to you to find them! To maximize your connections, benefit from virtual business card exchange opportunities. 12:15

Prepaid Accounts vs. DDAs: Weighing the Business and Compliance Issues When Deciding Which Product to Offer Brad Fauss Senior Vice President and General Counsel Greenlight Financial Technology

J.H. Jennifer Lee Partner Arent Fox LLP

Chris Daniel Partner Paul Hastings LLP

• Examining the full scope of compliance risks involved with linking prepaid cards to digital wallets • Analyzing the implications of the latest CFPB prepaid account rules on digital wallets, checkless checking and other potential future digital banking products • What are the potential far reaching implications of the PayPal lawsuit against the CFPB, and how could it change the face of prepaid in the future? • The future of prepaid vs. e-wallets: what is best for business, what is best for consumers and what is best for payments innovation? 10:45

Special Focus on State Enforcement Efforts and Examinations in the Prepaid Space Allyson Baker Partner Venable LLP Jonathan B. Engel Partner, Co-Leader, Enforcement and Investigations Practice Davis Wright Tremaine LLP

Morning Networking Break

1:1 Networking Opportunities

David Whitaker Partner DLA Piper LLP (US) • Addressing considerations for companies and program managers when deciding whether to issue a GPR card vs. a Demand Deposit Account • Weighing the compliance burdens associated with GPR cards vs. checking accounts now that the new prepaid rules are in effect • Understanding the “plumbing” behind the prepaid model vs. a DDA model » What are the business and compliance considerations at play? » How are the impacts of regulations evolving as the products are evolving? » Under what circumstances/use cases would a fintech entering the market want to specifically offer a prepaid card vs. a DDA product? 1:00

Tune in while key state regulators and industry experts provide a deep dive into what they are focusing their attention on in recent investigations in the prepaid space, what trends they are observing as far as enforcement actions by their agencies, and how to best prepare for examinations and ensure compliance.

AmericanConference.com/PrePaidCard • 888 224 2480

Conference Ends

“Know Your Tech” Boot-Camp 2:00 – 4:00

A Complete Guide for Lawyers and Compliance Professionals on the Technologies Underlying the Latest Innovations in Prepaid Products Michelle Harold COO BorrowWorks Melissa Daniels-Zaineb Senior Attorney, PSG-Cloud & AI | Commerce & Ecosystems Microsoft McGregor K. Johnson Partner Stinson LLP In order to provide accurate and effective advice to your company or clients, it is essential that you have an in-depth understanding of the technologies underlying new and emerging payment systems that are impacting prepaid products. Join this interactive boot camp and gain an essential working knowledge of the technologies that are used in a wide range of prepaid product innovations. You will also gain a thorough understanding of how the underlying technology impacts legal and compliance considerations.

Part of C5 Group’s FINANCIAL COMPLIANCE GLOBAL SERIES

C5 GROUPâ&#x20AC;&#x2122;S VIRTUAL EVENTS

Join Us Virtually this January! Our new virtual events continue to be guided by our unifying philosophy: we believe that growth and success occurs when the power of people and the power of information come together. We may not be able to gather in person, but nothing stops connection and innovation. As the current global situation continues to unfold, we understand that it may not be possible to attend our events in person. At the same time, we also understand that collaboration is more vital than ever and for that, you can still rely on CI to bring the industry together but in a different way. We are transforming quickly to ensure you can now connect virtually and continue to gain unparalleled access to market leading intelligence and to the facilitation of a global exchange of expertise.

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Participate in Meaningful Networking Enjoy an Easy to Use, Dynamic Online Platform Immerse Yourself in Live Presentations and Panel Discussions Engage with Attendees and Speakers in an Interactive Format Meet 1-on-1 with Your Fellow Attendees

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FINANCIAL COMPLIANCE GLOBAL SERIES