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BayPay Event: Prepaid Card and Mobile Payment Risk: Compliance and Best Practices

The BayPay Forum

Tuesday, June 25, 2013 from 6:00 PM to 9:00 PM (PDT)

BayPay Event: Prepaid Card and Mobile Payment Risk:...

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Ticket Type Sales End Price Fee Quantity
BayPay Member Ended $30.00 $2.64
Non BayPay Member Ended $60.00 $4.29
Pay at the door (Member & non Member) Ended $90.00 $5.94

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Event Details

Dear BayPay Members ,


In December 2011, we organized an event to look at the Prepaid market to look at this already fast maturing market and its impact on the new wave of mobile on the horizon. Panelists included Andrew Radlow from Citi, Eric Dunn from Intuit, Brian Triplett from Visa, Chris Britt from Green Dot (who retired last year after Green Dot's IPO), Amir Wain from i2C, David Tate from Blackhawk and Gwenn Bezard from AITE.

While there are still many innovations in the Prepaid, Money Transfer, and Mobile Payment market that create compelling business models, we are also seeing a significant increase in the illegal use such as money laundering, drug trafficking, terrorism, and other criminals through money transfer, laundering money onto prepaid cards, and general fraud .

These illegal activities are just a few of the present reminders of our fiduciary responsibility as a fast growing industry to stay vigilant with our fraud, risk management, and compliance practices to know the customer (KYC), screen sanctioned entities against OFAC and other lists, and understand the effect of the Dodd-Frank Act, FinCEN’s mission, and other Federal and State laws and rules on our day-to-day operations. 

None of us want to experience enforcement actions because of non-compliance with the laws or rules, such as Cease & Desist Orders and other penalties as experienced by companies such as Square and Bitcoin (who learned that the enforcement orders can be retroactive). Or a more extreme situation recently with MT.Gox's Dwolla account seized by the Department of Homeland Security for unlicensed Money Transmission (MtGox is the largest bitcoin exchange). 

With an ever changing risk and compliance landscape facing this Industry, we invite you to attend this BayPay Event for an engaging discussion on the darker side of the risks and how several of your peers and industry leaders are tailoring best practices and compliance mandates to help us mitigate these challenges.  We will also discuss:

*         The economics and government regulation of network branded general-purpose reloadable prepaid (GPR) cards. These cards are processed by major payment network brands as Visa, MasterCard, American Express and Discover and are accepted almost everywhere like a debit or credit card would be (Open loop).

*         Several regulatory changes that are increasing the number of unbanked and underbanked consumers creating a whole market to service with prepaid cards and mobile applications.

*         The last updates in the requirements for providing mobile wallets and payment transfer services in all 50 states as money transfer licenses are managed by each state independently with varying rules.

*         Technology that is designed to simplify the compliance process, including watch list screening. 

We hope you will be able to join us for this engaging knowledge-sharing and networking exchange. This event is specifically designed to foster innovation, share information, and help you and other payment professionals network and grow.

Date: Tuesday, June 25, 2013
Time: 6pm - 9pm
6:30 pm - 8:30 pm (Presentations  & Panel Discussion)

Wells Fargo

333 Market Annex Building-Clementine
San Francisco, CA


Speakers and Panelists:


David MelnickPrincipal, Security, Privacy & Data Protection at Deloitte & Touche LLP. (Moderator)

Davie Melnick

David Melnick is a Principal in the Los Angeles office of Deloitte & Touche LLP with more than 20 years of experience, advising organizations to set strategy, develop risk based priorities, and operationalize effective governance of highly sensitive and regulated data. His focus on building a risk and requirements driven approach to information management leverages his experience in both US and Global data protection regulatory requirements including U.S. Federal and State level breach requirements as well as European privacy laws. 

David has worked extensively in payments including starting his career with GE Capital’s credit card companies working in credit scoring, fraud and bankruptcy prevention. Additionally he has architected and audited platforms for the secure processing of credit card, ACH and SWIFT transactions. His payments experience combines with a deep understanding of mobile device security illustrated by his McGraw Hill published book on PDA security.

David is a Certified Information Privacy Professional (CIPP),  a Certified Information Systems Auditor (CISA), a Certified Information Systems Security Professional (CISSP). Additionally David is an elected member of the International Board of Directors of ISC2 and travels internationally representing security and privacy. David has authored several books through McGraw Hill Publishing and Macmillan Publishing. Currently his books have been translated into 4 languages including Japanese, Chinese and Italian.


Paul ReynmanChief Risk Officer at CSI

Paul Reymann

Paul Reymann is Chief Risk Officer at CSI Regulatory Compliance, where he leads the successful execution of the company's compliance and risk management initiatives and services. He is the pioneer and visionary behind the CSI cloud-based managed compliance services for community financial institutions. As co-author of Section 501 of the Gramm-Leach-Bliley Act Data Protection regulation, Paul is considered to be one of the leading regulatory experts in the country. He continues to actively educate audiences on regulatory developments, new compliance mandates debated in legislation and their effects on the industry today and in the future. 

With three decades of experience, Paul has authored numerous regulatory directives and advisories on emerging risk management issues, including the first regulatory directive on "Transactional Internet Banking." Paul previously served as CEO at the ReymannGroup before the firm was acquired by CSI in 2011. 

Paul is frequently cited in news and publications, and is a sought after speaker and subject matter expert. He has authored numerous articles and papers on enterprise risk management, technology risk, transactional web sites, customer information, network security and other technology, cloud computing and safety and soundness topics. He works with CSI and regulatory bodies to help translate compliance requirements into innovative tangible solutions that help financial institutions and consumers.


Patrick RussCorporate Fraud Risk Management Program at Wells Fargo

Patrick Russ serves as Vice President of Operational Risk Management at Wells Fargo Bank. He manages the Fraud Corporate Risk Management Program at Wells Fargo and is responsible for providing leadership and direction around cross-organizational fraud management for the enterprise including all consumer, small business, and wholesale businesses. His responsibilities include providing oversight for both external and internal fraud risks.  

Mr. Russ has over 20 years of experience working in a Risk Management capacity and has held several positions at Wells Fargo including managing Operational Fraud Risk for Home Equity, the development of fraud strategies and tools for Wells Fargo online, and the enterprise Customer Authentication Program. Prior to Wells Fargo, he served at Providian Financial managing fraud detection strategies for the card portfolio. Mr. Russ is a graduate of the University of California with a Bachelor of Science degree in Sociology. He is also a graduate of the Utica College with a Masters degree in Economic Crime Management, where he was a member of the Alpha Phi Sigma criminal justice honor society.


Patricia McPeakVP Product Marketing at i2c Inc.


Patricia McPeak has more than 20 years experience in the payments industry, with senior product management and marketing roles at Visa, Wells Fargo Bank, WageWorks, Inc. and Xerox Services. As Head of Global Debit Products at Visa, McPeak played a key role in the growth of debit in the U.S. and globally. She launched Wells Fargo’s Campus Card program, as Vice President in the Consumer Products Marketing Group.

Most recently, McPeak led product marketing initiatives in the healthcare prepaid card industry at WageWorks, Inc. and Xerox Services and was a member of the industry group chartered with improving the healthcare prepaid ecosystem. As head of Product Marketing, McPeak focuses on developing solutions that deepen customer engagement and loyalty and value for clients.

She is responsible for driving how i2c’s robust portfolio of innovative solutions addresses clients’ needs.


Arkady FridmanSenior Analyst at AITE Group

Arkady Fridman is a senior analyst with Aite Group's Retail Banking team. He covers the global payments ecosystem, including cross-border remittances, alternative payments, and emerging technologies complementary to payments processing, commerce, and merchant acquiring.

Mr. Fridman brings to Aite Group abundant expertise in digital transactions; he has multiple payments patents pending and has led global, cross-platform innovation initiatives that resulted in the invention of new payments constructs. Mr. Fridman has over 12 years of global experience with PayPal, where he was one of the first 50 employees and over the years held various business development, product management, and operational roles. While with PayPal, Mr. Fridman was responsible for launching the company’s low-value, high-value, and card-based payments products in more than 40 countries as well as for developing operational standards and protocols for the management of PayPal’s underlying payments processing systems. Mr. Fridman also oversaw the launch of the PayPal X open API platform, including development of a global strategy for PayPal to better engage in directed innovation with myriad financial services firms.

A seasoned public speaker, Mr. Fridman has appeared at top industry events, including NACHA Payments, BAI Retail Delivery, Card Forum & Expo, NACStech, and BAI Payments Connect, and served as the keynote speaker at the RDC Summit and the College and University Bursar SFS conference. As a result of Mr. Fridman's thought leadership, he has been quoted extensively in publications such as Credit Union Times, Bank Innovation, Bank Systems & Technology, and eCommerceBytes.

Mr. Fridman holds a B.S. in Operations Management from California State University, Stanislaus, where he graduated with honors.


 This event is sponsored by:

CSIWells Fargo Technology & Venture Banking Group


Feel free to contact us if you want to sponsor this or another BayPay Forum event


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When & Where

Wells Fargo - Clementine Building
333 Market Annex Building-Clementine
San Francisco, CA

Tuesday, June 25, 2013 from 6:00 PM to 9:00 PM (PDT)

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The BayPay Forum



If you are a member of the payment industry, you are invited to join BayPay, a networking group of the Silicon Valley focused on payments and composed exclusively of members in the payment community or investors in this area. If you are not yet a member and would like to join, reply to this email to get your free membership with a quick description on how you fit in the payment industry. Even after all these years, the payments industry is still expanding in both mature and emerging markets worldwide as the industry adapts to new market opportunities. New technologies including contactless cards, cell phone integration, biometrics, RFID and strong authentication are emerging and potentially creating new challenges for both financial institutions and their customers. Prepaid cards, gift cards, new forms of payment like PayPal, are all vivid demonstrations of the vibrancy of new thinking in the payments industry. With wireless ubiquity now essentially a reality, transaction aggregation and micro payments become a necessity. As the financial industry and merchants provide more and more services online, phishing emerges as a problem that requires more education and communication with consumers.

Objective BayPay's primary goal is to provide a face-to-face professional networking forum for the regular exchange of views on these issues among active professionals within the payments industry who are located in the San Francisco Bay Area. An online BayPay group on Yahoo! provides opportunities for members to interact among themselves between regular face-to-face meetings.

BayPay Is a joint initiative of Glenbrook, Edgar Dunn & Company and Daniel Chatelain from QSecure, Inc. that is open to other companies or individuals contributions.

Membership To ensure an appropriate level of professional participation, membership in BayPay group is by invitation only. BayPay members invite others to join based upon their own judgment as to who could best contribute to the group. To subscribe please go here.


Code of Conduct All information shared by BayPay members is considered their own personal opinion and does not represent the official position of any company. All member comments are not for attribution in any form whatsoever outside of the BayPay membership. While we would like any information exchanged in this forum or in our events remain private, members must understand that this is a semi-public group and there can be no assurance of confidentiality.

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BayPay Event: Prepaid Card and Mobile Payment Risk: Compliance and Best Practices
San Francisco, CA Events Business

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