Cards

Virtual Piggy has undergone a few changes of direction and brand in the past while formulating payments applications for the under-18 market.

Jeffrey Osher, who led a bare-knuckle fight last year to oust the prepaid card company’s CEO and chairman, will serve as an adviser to the firm’s board.

The Consumer Financial Protection Bureau said Thursday that it will delay the effective date of its final rule on prepaid cards by six months because industry participants need more time to comply.

Instant card issuance is an older technology, but it's tailor made for the digital and mobile world, where instant gratification is key.

First Data Corp. and Fleetcor are bringing their various gift card operations together in a joint venture designed to streamline distribution and share digital gift card technology.

Issuers are using mobile technology to bolster plastic cards, adding new features and controls for consumers.

Downward pressure on Canada’s bank fees continues, as Bank of Montreal this week announced it’s eliminating fees for Interac e-Transfers for all customers with Canadian checking and premium-rate savings accounts.

There are lots of new technology driven payment startups, though most still at least partly rely on the traditional card/bank model.

The card brand and bank will offer lending and prepaid cards to a traditionally underserved demographic.

The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.