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Insolvency Risk in the Network-Branded Prepaid-Card Value Chain Philip Keitel* September 2011 Summary: The value chain for network-branded prepaid cards involves more parties than those commonly present in credit- or deb
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Document Date: 2011-09-08 08:33:26


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City

Cincinnati / Washington D.C. / Philadelphia / Atlanta / /

Company

Nationwide Insurance / Fifth Third Processing Solutions L.L.C. / Silverton Bridge Bank N.A. / See Federal Deposit Insurance Corporation / Dallas Morning News / Group O Inc. / Denver Business Journal / Starz Entertainment / MasterCard / Fifth Third / Silverton N.A. / American Express / Mercedes-Benz Financial / Silverton Bank N.A. / FDIC Creates Bridge Bank / Baird Holm LLP / Springbok Services Inc. / Client Bank Conference / /

Continent

North America / /

Country

United States / /

Currency

USD / /

/

Event

Reorganization / M&A / Bankruptcy / Conference Call / /

Facility

Ten Independence Mall / /

IndustryTerm

payment card networks / prepaid products / credit-cardrelated value chain / prepaid-card-processing platform / deposit insurance rules / payment networks / payment network / insurance proceeds / client banks / payment card processing / deposit insurance coverage / insurance limit / network-branded prepaid-card value chain / value chain / card processing services / risk management services / prepaid-card value chain / customer support services / transaction processing / merchant acquiring bank / card distributer / bank / settlement services / card-issuing bank / deposit insurance protection / deposit insurance / electronic media transfers / law / /

Organization

Comptroller of the Currency / National Association / Department of Financial Institutions / Center for Financial Services Innovation / Network Branded Prepaid Card Association / Department of the Treasury / Federal Reserve Bank of Philadelphia / Money Transmitter Division / Atlanta Georgia / Payment Cards Center / US Federal Reserve / Federal Deposit Insurance Corporation / /

Person

Ann Kjos / David Newville / Ted Martinez / Kirsten Trusko / Sherrie Rhine / Jeremy Kuiper / Mark Furletti / Melissa Koide / Julia Cheney / Elizabeth Souder / Adam Saytanides / Terry Maher / John Yeomans / /

Position

custodian / program manager / director of the Bancorp Bank / president / manager / distributor / general counsel / head / author / manager / a distributor / managing director / Banker / Prepaid Program Manager / head of Visa’s North America credit settlement risk team / /

Product

Prepaid Platform / /

ProvinceOrState

Pennsylvania / Georgia / /

PublishedMedium

The Dallas Morning News / /

Technology

acquiring processor / issuer processor / /

URL

www.fdic.gov/bank/individual/failed/silvertonconference.html / www.philadelphiafed.org/payment-cards-center / www.fdic.gov/news/news/financial/2008/fil08129.html / www.digitaltransactions.net/news/story/2648 / www.fdic.gov/bank/individual/failed/silverton_q_and_a.html / www.dfi.ca.gov/licensees/moneytransmitters / www.philadelphiafed.org/payment-cardscenter/publications/discussion-papers / /

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