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Digital Money

Payments Innovation Day

Who is the next disruptor? The breakthrough in payments? The start-up that changes how consumers pay for things?

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Wednesday, October 23, 2013

8:00 a.m. - 8:45 a.m.


Moderator: Andrew Dresner, Partner, OLIVER WYMAN
Alpesh Chokshi, President, Global Payment Options, AMERICAN EXPRESS COMPANY
Chuck Harris, President, NETSPEND
Steven Streit, President and CEO, GREEN DOT CORPORATION

The general purpose reloadable (GPR) prepaid space is growing very quickly, offering a convenient, low-cost banking and payments option for millions of consumers.  This panel discussion with some of the country’s top GPR program managers will explore:

  • The market – How large is the GPR market today?  How fast is it growing?  Who is the target customer?  Is growth coming at the expense of banks or do GPR cards expand the overall market?
  • Economics – How do GPR program managers make money?  Reg II currently exempt interchange on most GPR prepaid cards.  Is this exemption critical to the business case?  Does this create an unfair advantage over traditional bank debit cards?
  • Market entry – two large new players have entered the GPR market recently.  If a bank wants to participates in the GPR space, what advice would you offer?  How important is distribution vs. functionality vs. fees?
  • Fraud – are there unique fraud considerations for GPR cards?  How can an issuer most effectively mitigate against fraud?

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