The prepaid card marketer PaySpot Inc. has agreed to distribute Futura Card Services's MasterCard Inc.-branded prepaid products.
Futura in Carlsbad, Calif., announced the exclusive, multiyear distribution deal last week but did not give a value for the contract.
Futura's prepaid cards are issued by Palm Desert National Bank, of California. PaySpot is a unit of Euronet Worldwide Inc., a Leawood, Kan., electronic payments provider.
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid.
Agency lawyers called the rule, which was almost a decade in the making, "unlawful" in a court filing.
A recent deal involving a troubled Texas bank shows that even the most lopsided depository can find an exit.
The card issuing fintech has worked for years to expand its business outside of Block. Mike Milotich, who in February became the third person to hold the fintech's top job in as many years, has been tasked to do just that.
As the class action lawsuit settlement industry became overwhelmed with fraud, a bank and a fraud scoring company teamed up to fight back.
