I'm going through vendor selection for a card program and the pitch decks are starting to bother me since every provider claims fast time to launch and full compliance handling.
I am trying to understand if they are a direct network member or working through a sponsor bank, what does compliance look like in practice(like do they own KYC/AML or hand it back to us) and what's the difference between signed agreement and a card in a user's hand. Geographic coverage outside North America is also a big one for us because a lot of providers I have looked at have a we cover X countries slide and then the asterisks get interesting in the follow up call.
I think I need some advice from people that have gone through this evaluation in the last year or so like what mattered most once you were live?
Thanks