Mergers and Acquisitions in the Prepaid Card Industry:How the Industry is Changing and Key Legal and RegulatoryConsiderations When Program Managers Buy Banks, Banks areBought and Sold, and Blocks of Prepaid Card Portfolios Are Sold

October 7, 2014 12:50pm


Kristina M. Schaefer
General Counsel
Fishback Financial Corporation

Brad Fauss
President and CEO

Donald J. Mosher
Schulte Roth & Zabel LLP

  • Buying and selling program managers/processors
  • Buying and selling prepaid card portfolio which implicates Bank Merger Act
  • Buying and selling banks
  • What are the issues, risks, and challenges when mergers and acquisitions take place in the prepaid card industry?
  • Best practices for conducting due diligence
  • What needs to be reviewed and investigated?
  • Strategies for negotiating contracts
  • Avoiding pitfalls
  • Contract drafting
  • Ensuring that the appropriate reps and warranties are made
  • Regulatory reps and warranties
  • Navigating the closing
  • Overcoming the hurdles associated with integrating an acquired business into your company
  • Managing regulatory issues that can arise after the closing
  • Special considerations when dealing with private equity investments