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CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

The rule, initially passed, also modified requirements for the prepaid card industry in regards to official procedure on lost or stolen cards, error resolution and investigation, fee disclosures, access to account information and overdraft features, if offered in conjunction with prepaid accounts.

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FICO Fights Prepaid Card Fraud with AI and Machine Learning

FICO

In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. In 2019, we released our first consortium prepaid card fraud models for the US market, as well as the international market. For a while now, it seems that every drugstore in the U.S. Our timing was right on.

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