ATM Withdrawals and Money Transfers<\/strong>: Consumers using regulated prepaid cards for money transfers and ATM withdrawals, benefiting from capped fees and clear disclosures.<\/li>\n<\/ol>\n\n\n\nAnalogies<\/h3>\n\n\n\n
Imagine a public transportation system where the fares for certain routes are capped by the government to make travel affordable for all citizens. Similarly, regulated cards are like these capped-fare routes in the financial world, ensuring that the costs associated with using these payment methods are kept within limits for the benefit of consumers and merchants alike.<\/p>\n\n\n\n
This comprehensive overview reflects the critical role of regulated cards within the banking and financial services domain, illustrating their impact on promoting fair practices, enhancing consumer protections, and fostering a competitive payment processing landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"
The term “regulated card” in the context of the banking, payments, cards, card schemes, money transfer, economics, compliance & AML, trade, cryptocurrency, and financial services sector, particularly in the United States, broadly refers to debit and prepaid cards that are subject to government-imposed rules and regulations, such as those introduced by the Durbin Amendment under […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":"
The term “regulated card” in the context of the banking, payments, cards, card schemes, money transfer, economics, compliance & AML, trade, cryptocurrency, and financial services sector, particularly in the United States, broadly refers to debit and prepaid cards that are subject to government-imposed rules and regulations, such as those introduced by the Durbin Amendment under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Let’s dive into the specifics: Definition A “regulated card” is a debit or prepaid card issued by a bank that is subject to specific regulatory requirements, such as caps on interchange fees and rules on transaction…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":"
The term “regulated card” in the context of the banking, payments, cards, card schemes, money transfer, economics, compliance & AML, trade, cryptocurrency, and financial services sector, particularly in the United States, broadly refers to debit and prepaid cards that are subject to government-imposed rules and regulations, such as those introduced by the Durbin Amendment under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Let’s dive into the specifics: Definition A “regulated card” is a debit or prepaid card issued by a bank that is subject to specific regulatory requirements, such as caps on interchange fees and rules on transaction…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n
Regulated Cards - Faisal Khan<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n