Payroll Card Programs: Ensuring Regulatory Compliance

October 6, 2014 5:30pm


Ted Teruo Kitada
Senior Co. Counsel
Wells Fargo Law Dept

  • Types of pay cards used by employers
  • Where this expanding market has been and where it is going, especially in light of the evolving regulatory landscape, at both the state and federal levels
  • Key factors for successfully creating a new payroll program or improving upon an existing one; gain strategic insights into the payroll card chain and the entities involved
  • Determining the key messages, education needs, and value propositions for each of these groups
  • Assessing the increasing state activity in the area of payroll cards
  • Compliance with the panoply of state laws and regulations
  • Legal issues specifi cally associated with pay cards
  • Legality of payroll cards in states without express state payroll card laws
  • Comparison of payroll cards with other prepaid cards
  • State payroll card laws and state employment laws
  • Structuring payroll card relationships and drafting agreements
  • The CFPB’s potential impact on payroll cards
  • Compliance challenges as to loads on payroll cards
  • Money Transmitter Licensing Issues
  • Interchange Restrictions under Durbin Amendment