Practical Guidance
Time-saving Solutions
Knowledgeable Insights

Stored Value Cards and Other New Payment Devices

Focuses on the legal ramifications and regulation of prepaid stored value cards, as well as other new payment mechanisms.
Publisher: LexisNexis
Print Book
$81.00
Quantity
In Stock
Published:
ISBN: 9781422428818
Publisher: LexisNexis
International Order Inquiry

Product details

Technological advances and the changing demands of consumers, merchants and the financial services industry have combined to create new methods of paying for goods and services. This special pamphlet focuses on the legal ramifications and regulation of prepaid stored value cards, as well as other new payment mechanisms. It discusses the sources of law applicable to these payment devices, application of the Electronic Fund Transfer Act and Regulation E to payroll cards under new regulations promulgated by the Federal Reserve Board, and state gift card legislation and new cases on preemption of such legislation by the National Bank Act.

Table of Contents

1.01 New Payment Devises: An Introduction

1.02 Stored Value Cards
  
[1] Generally
  
[2] Types of Stored Value Cards
  
[3] Stored Value Cards: Legal and Regulatory Framework
    
[a] Sources of Laws That Govern Payment Systems

[b] Sources of Law for Stored Value Card Transactions

[c] Payroll Card Accounts

[d] Customer Identification Requirements

[e] Deposit Insurance for Stored Value Card Accounts and Other “Nontraditional
Access Mechanisms”

[f] State Gift Card Legislation

[g] Federal Preemption of State Gift Card Legislation

[h] Regulation of Prepaid Telephone Calling Cards

[i] Mobile Banking

[j] Transportation Cards

1.03 Conclusion


[d] Customer Identification Requirements

[e] Deposit Insurance for Stored Value Card Accounts and Other “Nontraditional
Access Mechanisms”

[f] State Gift Card Legislation

[g] Federal Preemption of State Gift Card Legislation

[h] Regulation of Prepaid Telephone Calling Cards

[i] Mobile Banking

[j] Transportation Cards

1.03 Conclusion