The prepaid card industry continues to face a rapidly moving legal landscape. As the prepaid industry is changing dramatically with the provision of financial services moving from brick and mortar to online and mobile, the regulatory framework governing today’s prepaid card products is both expansive and complex.
Attend ACI's 19th Prepaid Card Compliance Conference and convene with regulatory and enforcement officials, legal and compliance experts from industry leading companies, and outside counsel specializing in prepaid card compliance who will provide you with best practices and key insights in these most uncertain times for the industry.
Event details and registration
Featured agenda item
Tuesday, January 29
2:45 pm: Exploring the Impact of Europe's GDPR and California's Consumer Privacy Act of 2018 on U.S. Prepaid Card Companies
Cooley partner Boris Segalis is a featured speaker.
Although many in the industry wish there was still time to procrastinate – time is up. The EU’s massive General Data Protection Regulation (GDPR) has just gone into effect impacting all businesses that collect and process personal data of EU consumers. As such, many U.S. prepaid card and payments companies are being compelled to change their data-collection and notification protocols. In the midst of this, on June 28, 2019, the state of California passed its sweeping Consumer Privacy Act of 2018 (dubbed the “Mini-GDPR”), which aims to give consumers more control over their personal information online. It is anticipated that other states will soon follow California in enacting similar legislation, and that the privacy and data implications for prepaid companies will be tremendous.