Cards

Wirecard Card Solutions is taking over as the issuer of Bread4Scrap, a prepaid card program used by U.K.-based Payment Card Solutions (PCS) to distribute funds to scrap metal dealers.

Green Dot Corp.’s move to buy UniRush, the biggest independent prepaid marketer in a steadily consolidating industry, is the latest sign that remaining stalwarts with reloadable cards will need to look in new directions for growth as acquisition targets dwindle.

Spark ATM expects the deal will help expand services offered to local banks and retailers in South Africa and other markets in the region.

Shoppers are going to have to choose which apps to keep and which to delete or hide, making it important that retailers develop an app that's worthy of repeated use.

President Donald Trump's plans to deregulate the financial services industry still lack detail, though Mastercard is betting on a more favorable legal environment in the future.

The Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal.

Mastercard CEO Ajay Banga was among the financial services, payment and technology executives to express worry or opposition to President Trump's travel ban for certain Middle Eastern countries.

The CFPB several years ago announced plans to introduce formal rules for prepaid cards. Issuers were optimistic, but when the agency finally published its rules, they exceeded 1,600 pages and contained some surprises.

Congress has proposed repealing the Durbin Amendment, a move that would be costly to small businesses which have benefited from the reform.

Prepaid-card provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music industry entrepreneur behind rap label Def Jam, according to people familiar with the matter.