Card Association Crime Cross-Border 
Clearly Payments
FEBRUARY 12, 2024
Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank Card Association (ICA), later known as Master Charge and then Mastercard.
PYMNTS
AUGUST 11, 2016
Treasury Department’s Financial Crimes Enforcement Network spokesman Stephen Hudak said the rule is being reworked and could be resubmitted in 2017. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. to report cross-border movement of cash that is $10,000 or more.
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