FREQUENTLY ASKED QUESTIONS ABOUT OUR ESCHEAT TECHNOLOGIES

Issuers of electronic payment instruments and cards typically record liabilities on balance sheets to reflect the instruments. On occasion, these liabilities are not used and become stale or abandoned. In accounting terms, stale liabilities are classified as “unexercised customer rights.” “Breakage” is a common term for these liabilities.

Breakage is subject to regulation by unclaimed property and escheat laws adopted by the States. Card Compliant is a leading provider of escheat compliance services for payment instrument and prepaid card programs. Our services are supported by proprietary technology systems addressing escheat on a per item basis and providing necessary metrics for compliance including escheat reports filed with States and escheat due diligence notices.

Below is a collection of frequently asked questions about our escheat services.