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Card Compliant recognizes the tremendous need to establish and maintain a support system for companies navigating the maze of regulatory compliance matters pertaining to their stored value card programs. Companies are faced with answering the following questions. Which states are owed escheat dollars and when are the escheat dollars due? Which cards and their dollar amounts are escheating to which states? How much should be reserved for future escheat? Have all necessary reports for each state, including any negative escheat reports, been filed on time? How can we take breakage to earnings? What is the impact of the Sarbanes-Oxley Act of 2002 and the IRS regulations on a giftco? Does nexus exist with your stored value card?
Currently, there are over 60 federal, state and provincial jurisdictions, rules and regulations that combined create a possibility of 5.7 million rule combinations for one single card. Card Compliant was created to manage this system of rules and deliver a series of simplified reports to analyze each and every card. Card Compliant helps our clients manage their card portfolio with more accurate foresight, insight and compliance along with ability to accelerate earnings.
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