Fintech

Payroll cards have gotten a lot of bad press over the past year, but the product is nevertheless a bright opportunity, says Rick Savard, CEO of UniRush, the company behind the RushCard prepaid cards.

Shares in prepaid card issuer Green Dot tumbled today amid fears that the firm would need to keep spending heavily to stave off new competitors, such as T-Mobile.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

Online payment provider Acculynk is offering online merchants a real-time service to make payments directly to the debit card account of small businesses or individuals.

Amazon.com is developing a person-to-person payments system that would compete against the likes of PayPal, according to a job listing on the e-commerce company's website.

The recent spate of retailer data breaches demonstrates the need to embrace security methods such as EMV-chip cards and tokenization to protect transactions, Visa CEO Charlie Scharf told investors on Jan. 30.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.

TAMPA, Fla. -- GTE Financial has introduced a unique new program that aims to reduce members' waistlines and fatten their wallets.

Ribbon is extending its payments services beyond merchant acceptance to include person-to-person payments.

JPMorgan Chase has partnered with electronic payment processor ElectraCard Services (ECS) and the University Students Community Organization (UNISCOO) to offer MasterCard prepaid cards to its customers in Kenya.