Newline's Card Issuing Sponsorship Program
Overview
This guide provides information on setting up and managing a Card Issuing Sponsorship Program with Newline. It covers the essential roles, responsibilities, and processes involved in the program.
What is Card Issuing Sponsorship?
Card Issuing Sponsorship allows Program Managers to access payment networks and banking infrastructure. Program Managers are responsible for product development, processing, distribution, sales, marketing, and customer service. The issuing bank oversees compliance with applicable laws and regulations, provides risk management oversight, technical and operational support, and handles settlement and reconciliation processes. (This list is not comprehensive.)
Roles and Responsibilities
Role | Description |
---|---|
Program Manager | Responsible for product development, processing, distribution, sales, marketing, and customer service. Manages customer service within the Card Issuing Program, with CSC as a point of contact specifically for MFT support. |
Issuing Bank | Provides oversight for compliance with laws and regulations, provides risk management oversight, offers technical and operational support, and handles settlement with Card Networks. |
Program Setup
Key Activity | Description |
---|---|
Initial Evaluation | Assess capabilities, information security, BSA/AML, OFAC compliance, regulatory compliance, and contract negotiations. |
Ongoing Oversight | Provide ongoing oversight, as appropriate, to ensure adherence to bank standards. |
Document Review | Outline duties and responsibilities for collecting and reviewing initial and ongoing documents. |
Data Transmission | Request cardholder, business, beneficial owner, and transaction information for BSA/AML transaction monitoring, sanctions screening, and fraud investigations. |
Updated 24 days ago