My question has to do with periodic statements. Our holding company has a stored value product that is offered through the internet. We have been providing monthly electronic statements. However, in a POS situation is it still required to provide the statement monthly? We would rather do it quarterly if permitted. This is an area in which I know almost nothing, so I am not sure where to search. I have looked in Reg E and find that in 205.9(b) and (c) it refers to when periodic statements are required and what the exceptions are. A side question to this: is a stored value card looked at like a preauthorized transfer and could it meet the exception under 205.9(c)(1)(ii) which permits quarterly statements? Sorry for the long post....Thank you.