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Complex overlapping rules from multiple authorities and jurisdictions |
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Breakage enables cash flow and earnings opportunities, but escheat and consumer laws limit cash and earnings |
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Compliance is required by law - Noncompliance requires risk assessment and management |
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Compliance requires the application of hundreds of combinations of legal and factual variables - These variables change by the types of cards and programs, and from time to time and card to card |
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Revenue recognition requires compliance with additional standards |
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Compliance solutions influence redemption risk, and redemption risk requires assessment and management |
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Risk tolerances and objectives vary from client to client and time to time |
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Design decisions and compliance variables must be applied effectively to massive volumes of cards |
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Current design solutions and structures may be inadequate, incomplete, or require support |
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Decision makers often have limited portfolio visibility and should be empowered with periodic real time information coupled with pertinent forecasts |
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Informed decisions require technology-supported tools built by industry specialists for use by clients and their professionals |
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