MobilMat IMEL SPA is one of the leading Institutes of Electronic Money (IMEL) authorized by Banca d'Italia (with decree law dated 29/5/2006) to issue electronic money (accounts and prepaid cards) and to provide payment and cash collection banking services in compliance with art. 114-bis of Legisl.Decree no. 385/93 (Consolidated Banking Law).
According to European community regulations (EU directives 2000/46/CE, 2000/12/CE and 2000/28/CE and later updates) and the consolidated Banking Law, the IMEL are considered new credit bodies that support banks in supplying monetary services.
The IMEL are subject to anti-money laundering rules (L.197/91 and subsequent implementation measures) and to the obligation to keep a compulsory fund reserve at Banca d'Italia for customer protection.
The IMEL may not grant any loans. The IMEL activities undergo strict controls by Banca d'Italia according to the provisions of the T.U.B.-consolidated banking law and the procedures provided
by Banca d'Italia in the circular letter n°253/2004.
MobilMat Principal Member of the Mastercard system for which it issues prepaid cards.
MobilMat has developed a standard package that consist of payment and e-money products that are simple, economic and high secure and innovative.
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