The proliferation of stored value cards and the various issues they present is covered in a comprehensive roundtable discussion on of stored value cards and other prepaid products conducted by the Federal Reserve System's Payments System Development Committee (PSDC). The roundtable participants included “twelve industry experts, representing retailers, processors, networks, banks, and the legal profession, provided the PSDC with insights into these developing payment instruments.” According to the Federal Reserve System's Payments System Development Committee (PSDC), “the participants discussed three overarching issues: the business case for prepaid cards, infrastructure issues, and the legal and regulatory environment.” This overview contains essential information for all business that accept or offer stored value cards.
A Summary of the Roundtable Discussion on Stored-Value Cards and Other Prepaid Products
http://www.federalreserve.gov/paymentsystems/storedvalue/
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