On May 23, 2012, the Financial Crimes Enforcement Network (“FinCEN”) published an administrative ruling in which FinCEN concludes that (i) although non-bank participants in a prepaid access arrangement may designate one party as the “provider of prepaid access,” the designation of a bank in this regard is ineffective unless it exercises primary oversight and control over the arrangement; and (ii) sellers of prepaid access acting as agent of a bank are not exempt from treatment as money services businesses (“Ruling”).