Introductory BSA AML Examiner School Manual Palm Springs 2019

Prepaid Cards

Closed Loop System:

• Generally can only be used to buy goods or services from the merchant issuing the card or a select group of merchants or service providers that participate in a specific network • Examples include retail gift cards, mall cards, gas cards, etc.

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Trends in Noncash Payments 2000-2017

2018 Federal Reserve Payments Study Update

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