In a filing with the Securities and Exchange Commission on Oct. 18, 2010, NetSpend said that it plans to have at least three issuers for its prepaid card programs and that its board of directors will review its banking relationships on a regular basis. This shows that program managers will be taking a much more active role in regulatory compliance in the future.
Read referenced article:
http://www.sec.gov/Archives/edgar/data/1496623/000110465910052561/a10-13848_13fwp.htm
