PREPAID ACADEMY
Finally...Compliance Training Designed Specifically for Payments Companies
With the right training, your employees can make better decisions which will help your company avoid fines and launch products faster.
Designed for Payments Program Managers - Not Bank Tellers
I was introduced to Compliance Training when I was a Financial Advisor at Merrill Lynch. Most of the training made sense because I was meeting with customers face to face. But then I left financial advising and went into a product role in the payments space. I took the exact same compliance training as a Product Manager that I took as a Financial Advisor. It did not make sense and I had a hard time connecting the dots of the training to my my day-to-day job - it was a complete waste of time. And worst of all, the training disappeared once I took it so I could not go back to reference it in the future when I had questions.
Why choose us?
BTW, of all of these courses that I've taken, this seems to apply the best to our particular industry and is easy to read through. Some of the courses I've taken in the past were far too skewed towards in-person banking making it difficult for the average person to comprehend.
Sarah Zeal
VP Compliance, Cascade Fintech
I’ve been doing this for a long time and this program is great.
Doug McGann
Founder, Vamos Pay
Keep your training cost low
Some of our competitors will charge you $400-$800 for every new employee you add to your platform on top of the thousands or tens of thousands of dollars you already pay them. You will never pay additional money when you add employees or contractors.
Mitigate risk
Well-trained employees are less likely to inadvertently violate regulations, thus significantly reducing the risk of fines.
employees make better decisions
When you train employees in a way that makes it easy for them to apply the new knowledge to their job, you get employees that make better decisions for the company.
employees spend time working, not training
Our courses average 24 minutes and 51 seconds each. Get your employees trained and back to work.
built with your cashflow in mind.
- Monthly and Yearly Plans
- Cancel at Any Time
- 100% Money Back guarantee
- Pause Your Program During Launch
Packed with
Features you'll love
Forever Pricing
The price you pay out of the gate is the price you will pay forever. No price increases and no extra charges when you add more employees.
Your Basics are Covered
Our basic package covers 1) all the regulations that apply to debit and prepaid card programs, 2) all of your information security training requirements - even if you are PCI Certified, and 3) getting your new employees up to speed on the industry.
Impactful Content
Your employees will receive access to the best training in the industry that they can relate to and use to drive your business forward.
Technology that Helps
We are FinTechs and everything we do should have technology at its core.
We Put You and Your Team First
For the Managers
- Concierge level service
- Self Service Reports
- Multiple Administrators
- Phone/Email Support
- Progress Tracking Reports
- Track Reviews of Your Policies
For the Learners
- Printable Certificates for Passing Each Course
- Pick Up Where You Left Off
- Direct Access to Our Support
- Train on their schedule
- Student Transcripts
For The Banks and Regulators
- Quick Approval Process (approved by many payment banks today)
- Easy Audit Reports
- Custom Content When Required
- Tips for your employees to make the bank's job easier
- 90% Mastery Requirement
Available Courses
Compliance Rules and Regulations
Covers AML, BSA, CIP, CDD, OFAC, Risk Assessments, Fraud, Consumer Complaints, PCI, GLBA, Reg E, UDAAP, CFPB Rule and Non-Compliance. Average Time To Completion: 34:29
INFORMATION SECURITY AWARENESS COVERING PCI-DSS 4.0
Covers Reporting Incidents, Common Security Incidents, Phishing, Passwords, Data Access, Computer Security, Phone Security, Internet Usage, Software, Building Security Working in Public Places, Data Retention and Non-Compliance. Average time to Completion: 32:32
INTRODUCTION TO PAYMENTS
Covers Prepaid, Debit and Credit Cards, Types of Prepaid Cards, Payment Card Fees, Features, ATMs, Disputes, International Usage, Card Packets Load Options, Rules and Regulations. Average Time to Completion: 28:04
OWASP (latest VERSION) TOP 10 PCI Training
Covers each of the top 10 most prevalent vulnerabilities scenarios and prevention. Average Time to Completion: 31:15
MARKETING MATERIALS COMPLIANCE FOR CREATORS
Covers 10 most important tips and details by marketing type. Average Time to Completion: 21:02
Payments boot camp
10 Hours of Video Courses covering the ecosystem, Partners, Cards, Revenue opportunities, Expenses, Partners, Load Types and Risk, Account Features, Compliance and Fraud.
Consumer Complaints Advanced
Covers and Introduction, Complaints Management Process, Policies and Procedures. Average Time of Completion: 19:05
ACH and WireS Advanced
Covers an Overview of the Systems, How They Work, Regulations, Compliance, NACHA Rules, Regulation E, Return Codes, Wire Errors, and Non-Compliance. Average time to Completion: 22:11
Regulation E Advanced
Covers Reg E Purpose, Basics, Prepaid Card Specific Provisions, Debit Card Specific Provisions, Communicating with the Cardholder, Errors, Chargebacks, Liability, Recordkeeping, Policies, Procedures, and Non-Compliance. Average Time to Completion: 25:22
Regulation p advanced
Covers Scope and Purpose of GLBA, Privacy Notices, Safeguarding Data, and the Components of an Information Security Program . Average Time to Completion: 25:20
UDAAP/UDAP Advanced
Covers UDAAP and UDAP Regulations and a Breakdown of Each, Consumer Complaints, Notifications, Policies and Procedures. Average Time to Completion: 19:37
HIPAA for Business Associates - new
Covers HIPAA Introduction and Definitions, the Privacy Rule, Security Rule, and Breach Notification Rule. Average Time to Completion: ~19:00
AI For Fintechs - NEW
Covers AI Overview, Ethical Considerations, Applications in Payments, Impact on our Industry, Large Language Models, Best Practices, Prompt Suggestions, Who Owns Inputs and Outputs, Protecting Inputs, What not to Input, and Departmental Usage. Average Time to Completion: 23.13
Budget Friendly Pricing
Individual
Great For Small Teams
NA
Monthly Plan Not Available
Compliance Rules & Regs Course
Information Security Course
Concierge Level Support
Certificates & Transcript
Team Administration
Company Logo & Policies
Startup
Great For New Program Managers
$300
Per month
All Basic Courses (Compliance Regs, Info Sec, OWASP, Intro to Payments)
All Premium Courses
BONUS - AI for FinTechs Course
Concierge Level Support
Certificates & Transcripts
Team Administration
Company Logo & Policies
Unlimited
Great for Experienced Program Managers and Payment Banks
$700
Per month
All Basic Courses (Compliance Regs, Info Sec, OWASP, Intro to Payments)
All Premium Courses (Boot Camp, Marketing Materials, Complaints, ACH/Wires, Reg E, Reg P, UDAAP, HIPAA, AI)
Concierge Level Support
Certificates & Transcripts
Team Administration
Company Logo & Policies
Individual
Great For Small Teams
$595
Per year
Compliance Rules & Regs Course
Information Security Course
Concierge Level Support
Certificates & Transcript
Team Administration
Company Logo & Policies
Startup
Great For New Program Managers
$3,000
Per year
All Basic Courses (Compliance Regs, Info Sec, OWASP, Intro to Payments)
All Premium Courses
BONUS - AI for FinTechs Course
Concierge Level Support
Certificates & Transcripts
Team Administration
Company Logo & Policies
Unlimited
Great for Experienced Program Managers and Payment Banks
$7,000
Per year
All Basic Courses (Compliance Regs, Info Sec, OWASP, Intro to Payments)
All Premium Courses (Boot Camp, Marketing Materials, Complaints, ACH/Wires, Reg E, Reg P, UDAAP, HIPAA, AI)
Concierge Level Support
Certificates & Transcripts
Team Administration
Company Logo & Policies
You are fully protected by our 100% Satisfaction-Guarantee
If, for any reason, you don't like this product you will receive a refund. If you are on a yearly plan we will refund your full year's tuition. If you are on a monthly plan, we will refund your most recent payment.
About the Instructor
Jake Posey is a Certified Anti-Money Laundering Specialist (CAMS) and has served as a AML Compliance Officer, Information Security Compliance Officer and HIPAA Compliance Officer for Program Managers. Jake has his MBA and is an Adjunct Instructor at a state college. He has served as a compliance officer for leading edge programs transacting in crypto, international money transfers, and other high risk programs. His typical AML and SOC II audit has 5 or fewer minor findings. He has also helped banks start up their AML and CDD programs as well as fix their compliance systems.
Get best in class training today!
Faq.
Our competitors serve big banks and over complicate their training. Since they sell their training to banks for tens of thousands of dollars, they think they can do the same to you. We created our training with Payments Program Managers in mind. We have very low overhead and create only the training you need.
We will hit pause on your payments until after you launch. This happens quite a bit. The bank requires you to take the training before you launch and then something unexpected delays your launch. If this happens, contact us and we will hit pause on your payments and resume them after you launch. Easy as that!
Yes, we do this all the time. If you identify a training idea that you would like to have created, we are happy to quote this for you. If it is something that we can use and sell with our course offerings, then we will give you a large discount (like 80% - 90% large) to create the course. Just like you, we are entrepreneurs and love to sell something before we create it :-).
First, we would be surprised because this has never happened before. But if it does, we will work directly with the bank to make any necessary changes to get it to a point where it will be approved.
Of course, click on this link at the Prepaid Academy and sign up for free access to our legacy Intro to Prepaid Course. This will give you the look and feel of the training material. If you want to preview specific courses, just reach out to me (you'll get an email after signing up) and I'll add additional courses for a limited time preview.
We created a bank approval packet just for this reason. Here is a link to our latest bank approval packet.
No. Forever pricing means just that - FOREVER. If you have less than 25 employees and contractors that need training when you sign up, you are locked in at that price even if you 10x your company size. If you have more than 25 employees or contractors that need training when you sign up, you will need to buy the Unlimited Plan and that will grow with you the same as the Startup Plan.
We're guessing you're in the middle of an audit...or just a person who does not like to wait. We've got you covered. After your onboarding, you will know how to contact us via email and phone - phone is the best though for help right now.