A Solution in Search of a Problem

by PaymentsJournal 0

The NBPCA developed this White Paper because we believe that the NPRM—specifically, the suggestion to include prepaid cards under the definition of monetary instruments and the related efforts to place terminals at the U.S. border to check card balances at U.S. entry and exit points—will not solve problems related to transporting funds cross-border for illegal purposes in any significant way.

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