Cards

ItzCash and India’s RBL Bank have formed a partnership to launch the country’s first cobranded prepaid card powered by the government-backed RuPay Network, the latest example of India's efforts to rapidly accelerate financial inclusion.

New documents shed light on the recent incident in which many prepaid card users reported that they were unable to access their own money.

Payza, a U.K.-based global online payments platform, has expanded the reach of its prepaid Mastercard, which is linked to an existing mobile wallet, to 190 countries.

M&T Bank just added 120 more branded ATMs across New Jersey and Long Island, N.Y.

Card manufacturer Oberthur Technologies is offering issuers facing a shortage of EMV chip cards an option to receive as many as 25,000 in five days, rather than waiting the standard three to four weeks.

Payment technologies are in an unwelcome spotlight this month, as security researchers expose their weaknesses just as the products are winning a long-desired trust among mainstream consumers.

Three quarters of debit cards will have chips by the end of the year, but slow merchant adoption is limiting use, according to Pulse.

Green Dot profits more than doubled to $8 million in the second quarter as revenues rose slightly and expenses ticked down.

It may seem as if the Visa Direct payments platform came out of the blue this week as part of its collaboration with the bank-run clearXchange network, but the card brand has used the same technology in other countries for more than a decade.