Stored Value. An issuer, seller or redeemer of stored value may be a money services business subject to compliance with the Bank Secrecy Act. Such entities may also require licensing from their state and need to comply with various requirements dealing with their registration or licensing, documentation and record retention, bonding,...What is a stored value credit card?
A stored-value card (SVC) is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection terminals as funds can be withdrawn and deposited straight from the card.What is stored value systems?
Stored Value Systems supplies stored value services and gift cards to merchants. Stored Value Solutions has been the innovative force behind gift cards since 1996 when they began creating, managing and growing gift card programs for some of the best-known names in retailing.