24th National Forum on Prepaid Accounts Compliance - DS

April 8, 2024 • NY Bar Association, New York, NY

24th National Forum on PREPAID ACCOUNTS COMPLIANCE

Navigating Legal and Compliance Risks with Cards, Checkless DDA Accounts and Digital Wallets

EARN CLE CREDITS

NEW FOR 2024:

Attend both events & SAVE!

Immediately following this conference on April 9–10, 2024.

Timely In-Depth Sessions on:

Angle-Right Current State of the Prepaid Industry

Angle-Right Consumer Financial Protection Bureau – New and Proposed Changes to Keep on Your Radar

Angle-Right Successful Strategies to Monitor Your Partners and Providers to Ensure Compliance

Angle-Right Lessons Learned from Recent AML and Sanctions Enforcement Action

Angle-Right Loyalty, Award, Promotional and Rebate Programs:: What’s New, What’s Working and What Needs to Change

Angle-Right Innovation and the Future of Stored Value Cards

Sponsored by

Network with Senior Legal and Compliance Professionals from:

• Cantaloupe

• Central Payments

• eBay

• InComm Financial Services

• Mastercard

• Square @ Block, Inc.

• Stripe

• U.S. Bank

Sridevi Anwar

Executive Vice President, Chief Risk Officer

Central Payments

Jennifer Borden Attorney Borden Consulting Group

Erin Cass Of Counsel

Paul Hastings LLP

Brian Crist

Vice President (Legal) Payments, Risk and Growth

eBay

Duncan Douglass Partner Alston & Bird

Eric Goldberg Partner Akerman LLP

Christine Habeeb

Chief Legal Officer

Tango Card

Kara Kuchar Partner

Schulte Roth & Zabel LLP

Nicole Ibbotson

SVP, General Counsel & Chief Privacy Officer InComm Financial Services, Inc.

Khalil N. Maalouf Counsel

Skadden, Arps, Slate, Meagher & Flom LLP

Anna Novoseletsky

Chief Legal & Compliance Officer and General Counsel Cantaloupe

Scott Pope

SVP, CRO Risk and Compliance Senior Manager

– Consumer and Small Business Payments

U.S. Bank

Silvio Piserchia

Senior Vice President, Global Segment Lead

– Fintech & Digital, SME Mastercard Data & Services

Ryan Richardson Partner

Davis Wright Tremaine LLP

Nicole Sayegh Succar Partner

Crowell & Moring LLP

Kayce Seifert

Lead Payments Regulatory Counsel

Square @ Block, Inc.

Jennifer Talbert Product Counsel Stripe

Monday, April 8, 2024

8:00 Registration and Continental Breakfast

9:00

Co-Chairs’ Opening Remarks

microphone-alt Eric Goldberg, Partner, Akerman LLP

9:15

State of the Prepaid Industry: Evolving Products with New Uses Amid Additional Scrutiny

microphone-alt Ryan Richardson, Partner, Davis Wright Tremaine LLP

Jennifer Talbert, Product Counsel, Stripe

Given the current rapid pace of payment innovation, the industry continues to evolve and create new products to meet the needs of consumers. Prepaid cards are the preferred payment vehicle for millennials. This timely session will present an overview of the key issues for the prepaid industry to address including:

• Role of mobile wallets

• Future of physical cards

• Increased regulatory oversight

• New and evolving use cases

9:45

Third Party Oversight: Regulatory Focus on the Need for Increased Partner Monitoring

microphone-alt Kayce Seifert, Lead Payments Regulatory Counsel, Square @ Block, Inc.

Brian Crist, Vice President (Legal) Payments, Risk and Growth, eBay

Erin Cass, Of Counsel, Paul Hastings LLP

The Federal Financial Institution Examination Council (FFIEC) issued Third Party Relationships: Interagency Guidance on Risk Management to describe sound risk management principles to consider for financial institutions with any type of third-party relationships. In June 2023, the FDIC, The Federal Reserve, and the OCC issued joint guidance on managing risks with third party relationships. It is critical for financial institutions to know who they are partnering and conduct proper due diligence.

• Potential impact of CFPB’s plan to directly supervise certain general-use digital consumer payment applications on third party oversight

• Lessons/best practices regarding third party oversight coming out of the near failure of Silicon Valley Bank

• CFPB’s focus on the fact that popular payment apps may lack FDIC protection

• Need to carefully consider partnership structures and oversight

11:00 Networking Break

11:15

Regulatory and Enforcement Update: What’s New and Impact of Recent Enforcement Action

microphone-alt Sridevi Anwar, Executive Vice President, Chief Risk Officer, Central Payments

Scott Pope, SVP, CRO Risk and Compliance Senior Manager – Consumer and Small Business Payments, U.S. Bank

Eric Goldberg, Partner, Akerman LLP

The prepaid industry is facing a unique and rapidly evolving set of regulatory challenges. Get an overview of the latest federal agenda priorities and initiatives at CFPB, FTC, SCE, OCC, FinCEN and OFAC and discuss the impact on the industry. Discuss strategies to boost your compliance program. Hear how state regulation is causing companies to navigate multi-jurisdictional requirements.

• Gain insights from recent enforcement actions within the prepaid accounts space and learn vital takeaways to ensure your operations remain compliant.

• Proposed guidance on illegal dark patterns.

• Impact of proposed 1033 rules from CFPB

• Lessons learned from recent enforcement action.

• Get up to date with the latest state developments.

12:30

Networking Lunch

Sponsored by 1:45

AML and Sanctions: New Developments and How to Strengthen Your Screening Process

microphone-alt Khalil N. Maalouf, Counsel, Skadden, Arps, Slate, Meagher & Flom LLP

Nicole Sayegh Succar, Partner, Crowell & Moring LLP

2:30

Loyalty, Award, Promotional and Rebate Programs: What’s New, What’s Working and What Needs to Change

microphone-alt Christine Habeeb, Chief Legal Officer, Tango Card

Kara Kuchar, Partner, Schulte Roth & Zabel LLP

Jennifer Borden, Attorney, Borden Consulting Group

Engaging your customers is paramount today and companies have a variety of options to improve customer loyalty. Many of these programs work better than others and this panel will discuss the latest type of programs and focus on leading strategies to attract and retain your customers.

• Discover the latest trends in reward and loyalty programs and the rise of refund cards.

• Managing state money transmission law compliance issues.

• State escheat implications and developments.

• Sanctions, fraud, and AML considerations for reward programs.

• Have the revenue drivers changed

• What is the future of refund cards?

• State escheat implications

3:15 Networking Break

3:30

Card Networks: Latest Proposals on Interchange Fees and Dual Network Routing

microphone-alt Anna Novoseletsky, Chief Legal & Compliance Officer and General Counsel, Cantaloupe

Duncan Douglass, Partner, Alston & Bird

Regulation II on debit card interchange fees and routing establishes a standard on where the fee is reasonable and proportionate and prohibits issuers and networks from restricting the number of networks over debit transactions are processed. Find out how the industry is working together to comply.

• Uncover tried-and-tested methods for fostering successful collaborations with prepaid card networks to optimize debit, credit, and prepaid account operations.

• Durbin Amendment (Reg II) – Covers Debit Card Interchange Fees and Dual Network Routing

4:15

International Developments

microphone-alt Silvio Piserchia, Senior Vice President, Global Segment Lead – Fintech & Digital, SME, Mastercard Data & Services

The international market is booming but it is not expanding at the same rate for every area. In Latin America and Asia, prepaid cards provide a valuable benefit to everyday life and are growing at a fast pace. In Europe, the regulators are focusing on reducing fraud while demand is still strong. Overall, the industry is poised for continued growth.

• Stay abreast of key developments from the global prepaid cards landscape and their potential implications on domestic markets

• Hear about innovations abroad

• International regulatory developments to be aware of

5:00 Conference Adjourns

Services: Legal, Regulatory, Insurance and Compliance Professionals

Tuesday, April 9, 2024

8:00 Registration and Continental Breakfast

9:00 Conference Co-Chairs’ Opening Remarks

April 9 – 10, 2024 | New York

9:15 Senior Executive Panel: Key Factors to Overcoming the Challenges Facing the Industry

10:00 CFPB Increased Regulatory Oversight: New Developments and Proposals That Require Constant Monitoring

11:00 Networking Break

11:15 Bank and Money Transmitter Failures: Lessons Learned from Recent Bank (SVB and Signature Bank) and Crypto Company (FTX, Voyager) Failures and What to Expect Going Forward

12:00 Enforcement Trends: Lessons Learned from Recent Penalties to Meet Increased Regulator Expectations

12:45 Lunch

2:00 Regulator Panel: Unravelling the Regulatory Landscape on the FinTech Industry

2:45 Third Party Risk Management (TPRM): Understanding Your Accountability for Your Partners and Providers

3:30 Networking Break

3:45 Structuring an Appropriate BaaS Agreement: What is the Projected Growth for This Popular Service?

4:30 Earned Wage Access Cards: How States are Determining if Earned Wage Access is a Loan

5:15 Networking Reception

Wednesday, April 10,

2024

8:55 Opening Remarks

9:00 State Regulation Update: Unravelling the Complex Maze of Complying with Different State Regulations

10:00 Responsible Innovation: Implications of the New Novel Activities Supervision Program

10:45 Networking Break

11:00 Buy Now Pay Later (BNPL): Consumer Interest, Potential Regulation and Product Offerings

11:45 AML and Sanctions: Key Strategies to Strengthen Your Compliance Program with Emerging Geopolitical Issues

12:30 Lunch

1:45 Artificial Intelligence: The Coming Revolution for FinTech’s and Banks

2:45 Fraud Prevention: Privacy, Data Governance and Cybersecurity Developments to Watch

3:30 Market Compression: Recent M & A Activity in the Payment Space

4:15 Conference Adjourns For detailed

UPCOMING RELATED EVENTS

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CONTINUING LEGAL EDUCATION CREDITS

Accreditation will be sought in those jurisdictions requested by the registrants which have continuing education requirements. This course is identified as nontransitional for the purposes of CLE accreditation.

ACI certifies this activity has been approved for CLE credit by the New York State Continuing Legal Education Board.

ACI certifies this activity has been approved for CLE credit by the State Bar of California.

ACI has a dedicated team which processes requests for state approval. Please note that event accreditation varies by state and ACI will make every effort to process your request.

Questions about CLE credits for your state? Visit our online CLE Help Center at www.AmericanConference.com/Accreditation/CLE/

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American Conference Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate. To take advantage of these rates, please contact the hotel directly and quote “ACI April Event.”

HOTEL: Sofitel New York

ADDRESS: 45 West 44th Street

RESERVATIONS: Anna.Li@sofitel.com or 212-782-3015

Please note that the guest room block cut-off date is March 11th, 2024. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

Book with Confidence!

Register and pay to lock in your early rate and be eligible for a full refund until April 2, 2024.

If you are unable to attend for any reason, you will have the following options:

y A full credit note for you, or a colleague to attend another event.

y A full refund.

All cancellations and changes must be submitted to CustomerService@CanadianInstitute.com by April 2, 2024.

Accounts Compliance to be entitled to a 10% DISCOUNT on your Prepaid Accounts Compliance registration cost.

Registration for both events at the same time is required. This discount cannot be combined with any other offers. This offer only applies to in-person attendance.

To register for both events and review the discounted rates, please email our Customer Service team at CustomerService@AmericanConference.com.