Compliance Guidelines

Compliance Guidelines

We at Hallmark Prepaid firmly believe in the world globalization and welcome international clients from all over the world which meet the below requirements. In order to become our client please make sure to have the following list of documents prepared:

  1. Company documents (Articles, Certificate)
  2. Certificate of Good Standing If company is more than 12 months old
  3. Director Appointment document
  4. Utility bill copy for each director (not more than 3 months old)
  5. Bank reference for each director (not more than 3 months old)
  6. Passport copy for each director
  7. Resume for each director
  8. Information on the shareholders (points 4, 5, 6) if individuals and points 1 and 2 if companies.

Geographical Compliance

Hallmark Prepaid may decline applications originating from certain countries which pose high risks for our card programs and countries which are included in national and international black-lists, such as: order to protect the integrity of our card programs, certain countries are excluded from program participation due to sponsoring state terrorism or non-cooperation on global money laundering policies or high risk of card fraud. Any requests from companies incorporated in these territories or looking to distribute card products to these territories will be declined.

 

  • Office of Foreign Asset Control (OFAC). For further details on countries that have been sanctioned by OFAC.
  • Financial Action Task Force (FATF). For further details on countries that have recently been taken off the FATF.

Hallmark Prepaid reserve the right not to work with the clients outside of the above sanctioned lists but which still may pose significant risk due to political instability, human rights policies, network and processing compliance terms.

Becoming a Franchise Partner

Hallmark Prepaid welcomes new partners and agents. Being our partner means:

  • Education. Knowledge is power. We possess the latest information and prepaid financial technologies and we share this information with our partners to help them grow
  • Legal, MasterCard and VISA compliance, local and international laws and regulations. We help our partners to come to this business and to stay in this business for long providing legal support and help being in full compliance with all required laws and regulations
  • Income. Hallmark Prepaid gives up to 85% commissions to its partners. Our agents and franchise partners have one of the strongest and most lucrative commission schedules from ongoing ATM, POS and other card transactions
  • Reputation. Hallmark Prepaid helps it partners’ reputation develop with VISA and MasterCard, assists with getting official recognition such as MasterCard Service Provider, Independent Sales Organization, Program Manager, Issuing Approvals, licensing and other statuses.
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