Sean Sposito

The prepaid card company will introduce a bank account with a traditional debit card attached to it sometime this year, chief executive Steve Streit told American Banker.

The Monrovia, Calif., prepaid card company plans to roll out the bank account with a traditional debit card later this year, chief executive Steve Streit told American Banker.

Cash and traditional cards are entrenched. Without rewards, the digital wallets are unlikely to make a dent.

MasterCard said Wednesday that it is testing a mobile payments system in Australia that lets the user choose whether to use a bar code or an embedded payment chip.

Green Dot said Thursday that it is working with the AARP Foundation to issue a MasterCard-branded prepaid card in mid-February.

Prepaid card companies have had great success at attracting the underbanked, but their prices remain high compared to banks' — and they might have no choice but to keep them high.

Bank of America is working with Cardlytics to test an online rewards system called BankAmeriDeals.

UniRush plans to lower the fees on its reloadable prepaid cards. The plan was disclosed Tuesday afternoon on the Twitter account of UniRush founder and music mogul Russell Simmons.

The Southeastern Pennsylvania Transportation Authority is working with a unit of Xerox Corp. to add contactless payment acceptance at public-transit turnstiles.

PayPal, which has been testing a point of sale payment system with Home Depot, is reportedly testing the same system with Office Depot.

ACI Worldwide announced Monday that CVS chose to use its check management service at its CVS Pharmacy stores.

Corporate payment automation provider Syncada said it processed more than $21 billion in payments last year.

Proximiant is attempting to create a mobile payment system that focuses on digital receipts and rewards. And it leaves payments out of the process.

PayPal, which has been testing a point of sale payment system with Home Depot, plans this week to expand that trial and offer consumers a card linked to their PayPal accounts.

The Monrovia, Calif., prepaid card company said Mark Troughton, who has been with Green Dot almost since its inception, will leave at the end of the month.

Amex is licensing its digital wallet to Lianlian Group to expand its reach into the coveted Chinese market. Lianlian operates its own mobile payment business, Lianlian Pay, in China.

Prepaid card provider nFinanSe Inc. has asked the U.S. District Court in Atlanta to stop InComm Inc. from operating its new Vanilla Reload Network.

Ingenico is working with PayPal on what the companies say is a faster way to improve the point of sale than investing in contactless mobile payments.

Microsoft is making its Kinect motion controller easier to use in banking settings. Kinect, which was designed to be a hands-free video game controller, has already been used to allow a Russian bank's customers to interact with a window display.

The French terminal maker Ingenico is working with iMobile3 to promote mobile retail payments through a collaboration called iMRP.