Prepay

Europe's leading prepaid
Services Company
Proven Global Experience

Regulatory

PrePay Solutions is authorised and regulated by the Financial Conduct Authority (FCA) for the issuance of E money. We also comply with the following regulatory frameworks:

Regularity Framework:

  • Electronic Money Directive (“EMD”)
  • Payment Services Directive (“PSD”)
  • Anti Money Laundering Directive
  • Proceeds of Crime Act 2002 (“POCA”), Terrorism Act 2000, Counter Terrorism Act 2008
  • EC Wire Transfer Regulations
  • Co operation with Law Enforcement Agencies
  • The Data Protection Act (“DPA”) and various Information Security Standards
  • Payment Card Industry Data Security Standards (“PCIDSS”)

PrePay Solutions also adheres to:

  • Financial Conduct Authority (FCA) supervision
  • Mastercard® bi-annual Fraud Management Program (“FMP”) review and RAMP review
  • Edenred Internal audit
  • Annual PCIDSS audit
  • Audits from agents as necessary

As part of this framework, PrePay Solutions will sometimes carry out audits on some of the processes performed by our clients, including compliance with anti money laundering (AML) and Know Your Customer (KYC) regulations and appropriate customer due diligence.

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