Prepaid Cards: How Do They Function? How Are They Regulated?

The conference brought together representatives from eight major banks, seven national retailers, three state governments, three federal regulators, a score of providers of prepaid card services, and a number of legal professionals to discuss the development of the prepaid card market and its regulation. This summary of the conference is structured around the two key questions the conference was designed to answer: How do prepaid cards function? How are prepaid cards regulated?