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#2181403 - 06/12/18 03:00 PM Prepaid Cards/Non-customers
NoJustNo Offline
100 Club
Joined: Oct 2013
Posts: 189
Midwest
What information do you collect for non-reloadable cards sold to non-customers? I understand this isn't a monetary instrument, but just curious what others are doing. Also, what is the max that you can load to the card?

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#2181707 - 06/13/18 09:13 PM Re: Prepaid Cards/Non-customers NoJustNo
EB, CAMS Offline
100 Club
EB, CAMS
Joined: Mar 2009
Posts: 133
flyover country
This type of information is usually set forth by the program manager or the card issuer. If you are simply a distribution point for these cards, I would advise you to reach out to the program manager/issuing bank for answers.

The Prepaid CIP rule specifically addresses what information is required based on who the customer is and how the card can be used.
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