‘Tis the season for making gift cards a more attractive option to buyers. Card Lab Inc. and Visa have launched a new online Visa gift-card site that offers customizable gift cards in denominations of $10 to $250 embossed with either an uploaded personal image or from a site-image catalogue. Letting users choose their own card design is a premise born out of UK-based card design firm Serverside, which, in addition to PayJr Inc. of Dallas, has partnered with Card Lab to support GiftCardLab.com. “Our partnership with Card Lab will give shoppers a new channel through which to get a Visa Gift card, with the added ability to customize each card for a truly personal gift,” says Steve Diamond, vp, prepaid products for Visa. Serverside and PayJr previously teamed on backing the customizable PayJr VisaBuxx prepaid card for the teen market. The new designable prepaid cards will be issued by Marshall Bank, N.A., according to a release.
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Some last-minute drama has derailed planned votes on crypto and stablecoin in the House, but the political maneuvering isn't likely to improve the long list of criticisms that bankers have raised about the legislation before it heads to President Donald Trump's desk.
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The global bank reported solid second-quarter results as executives maintain confidence in the bank's ability to achieve a return on tangible common equity of 10-11% next year. But an analyst said Citi's progress on reducing expenses will hinge on its ability to get freed from various enforcement actions.
July 15 -
The U.K. challenger bank would follow London fintech Wise in emphasizing New York over London in an effort to boost valuation and establish a foothold in the U.S. Plus, Lloyds is in talks to buy all-in-one card fintech Curve; and more news in the global payments and fintech roundup.
July 15 -
Luke Pettit, a Senate Banking Committee staffer, will serve as the Treasury Department's next assistant secretary of financial institutions.
July 15 -
The Minneapolis-based bank worked with WaveBL and ICICI Bank to handle an export shipment with fully digital documents via blockchain technology.
July 15 -
The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't understand the terms of the emerging credit offering.
July 15