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Prepaid Risk Assessment

Providing companies with a thorough understanding of the prepaid programs and current fraud tools.

How do negative balances occur on prepaid cards?


Do I need to issue EMV cards? and If so, how does this affect my liability and consumers?


How do I protect my prepaid card program?

Managing Risk Proactively

Risk is the topic of the day in today’s prepaid and credit card industries. With heavy financial penalties being
assessed to banks for not adequately supervising programs and partners, today’s issuers are all aware of the
consequences of not maintaining proper risk management.

Avoidance, Denial Or Ignorance – Not A Wise Strategy For Understanding And Controlling Risk

We see it all the time. A provider takes on a prepaid card program without an understanding of the risks involved.
Everyone relies on the issuer to know what the risks are and how to deal with them. The program manager believes
they have a handle on fraud, but in reality they have only a limited understanding of what could go wrong. With few peers in the industry willing to speak openly on the topic of risk, the program manager moves forward with a false sense of security. Just days after their cards hit the market, millions of dollars in losses have occurred. Suddenly everyone involved is scrambling to figure out why.

Experiencing A Lot of Risk Losses But Don’t Know Why?

The team of payments professionals at Double Diamond Group Prepaid can help. Our team has extensive experience running prepaid programs of all types and sizes. We understand every type of prepaid program risk on the issuing and acquiring sides because we have faced it. Our Risk Assessment services help clients control the risk losses they have and mitigate risk in the future.

Our risk assessment services include helping you set up policies and procedures for assessing risks within third party partners as well as risks inherent in new card programs.

Is Risk Assessment Right For Me?

If you are not sure whether our Risk Assessment service makes sense for your prepaid program, consider the common sources of risk listed below. Does your programs have controls and procedures in place? Are you comfortable that you understand and are actively managing and mitigating the following risks:

  • Issuing risk – risk of taking on a prepaid card program.
  • Consumer risk – cardholders may commit fraud.
  • Internal systems risk – risk of employee fraud such as running ACHs illegally to load cards or put money in their account.
  • Distribution risk – happens at the employer or retail level and could be fraud, lost cards, lost distribution of cards, or shrinkage.
  • Chargeback risk – it is very costly to process chargebacks in a prepaid card system so chargeback losses must be managed carefully to minimize loss.
  • Acquiring risk – this risk is particularly problematic if prepaid cards are distributed on the Internet.

To learn more about Double Diamond Group Prepaid, tell us more about you. CONTACT US.

Prepaid Services we offer:

Partner Selection

For companies looking for the optimal bank or processor for their prepaid card program, Double Diamond Group Prepaid offers the most comprehensive and objective partner selection services available.


Prepaid Program Development

Looking to set up a new prepaid card program or change partners? Double Diamond Group Prepaid is ready and prepared to get your prepaid card program to market quickly.


Fraud Mitigation

Double Diamond Group Prepaid can tell you current risks, trends and risks coupled with fraud mitigation strategies.


Program Analysis

Double Diamond Group Prepaid will examine every aspect of your prepaid program, identify its weaknesses, and recommend appropriate remedies.


Risk Assessment

Double Diamond Group Prepaid provides companies with a thorough understanding of the prepaid programs and the current fraud tools to have in place.


“We appreciated how professionally the Double Diamond Group and Rich Consulting team managed the project. They were genuinely interested in our success, and worked as partners throughout the entire process by continually looking for ways to provide value.”

Russ Jones

Read our case study:
aggregation solutions.

See Examples Of Our Work

Double Diamond Group Specialties


Since it’s founding in 2008, Double Diamond Group has helped dozens of payments industry clients solve their most critical business challenges.

Payments Industry Professionals

Go To Market

We are a team of payment professionals, with hundreds of years of combined experience taking payments products to market around the world.

Payment Facilitator

Merchant aggregation is growing in popularity as a way to reduce friction in the boarding process, streamline pricing and build market share in the small business arena.
Market Research - Payments Industry

Market Research

Payment acceptors of all sizes are looking for focused research expertise in electronic payments. We address the full-range of payments issues and payment acceptance.
Prepaid Programs - Payments Industry

Prepaid Programs

In today’s competitive market, creating and maintaining a successful prepaid program requires solid partners, capable management and proactive maintenance.

To Learn More About Us Tell Us More About You.

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