Cards

Green Dot's embattled founder and chief executive, Steve Streit, is expected to be re-elected to the board based on preliminary voting results from its annual meeting, the company announced Monday.

Green Dot Corp.’s longest-serving directors, Timothy Greenleaf and Michael Moritz, resigned from the board hours before they were to stand for re-election as the firm’s largest shareholder wages a proxy fight.

TD Bank announced Thursday that is doing away with the Penny Arcade coin-counting machines that are stationed in more than 1,000 of its branches along the East Coast.

Users of the Walmart MoneyCard, issued by Green Dot, took to social media Wednesday to complain about problems they've encountered checking balances and accessing funds. The problems come at inopportune time for Green Dot.

Visa's rules for card acceptance exceed 800 pages — plus supplements — and MasterCard's are nearly 300 pages. But even though the card networks have explained their expectations in painstaking detail, the difference between strict rules and mere guidelines is much blurrier when finally given to the merchant.

Green Dot Corp., the prepaid debit-card company, agreed to split the roles of chairman and chief executive officer.

RushCard has agreed to a preliminary settlement of $20.5 million to resolve thousands of customer claims that their accounts were frozen last year.

Like any long-term relationship, Walmart and Visa have had their ups and downs. Sometimes these interactions were solely between the two companies; but many times, Walmart and Visa's conflicts gave a voice to the entire retail and payments industries.

While Walmart's lawsuit against Visa this week centers on authorization and routing methods, the Debit Network Alliance LLC — a group of independent debit networks — is also taking issue with EMV routing in addressing how terminal software is handling the choices presented to consumers.

Citigroup is testing Bluetooth beacon technology in a pilot that gives customers cardless access to branch ATMs after business hours, among other services.

Walmart and Visa have had a long and volatile relationship, and the retailer's latest lawsuit against the global card brand gives voice to a struggle that many other companies are too small to fight.

In the latest salvo in a long-running feud over the costs of processing payments, Wal-Mart Stores Inc. sued Visa Inc.’s U.S. unit on Tuesday, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks to boost profits.

Merchants that now accept EMV-chip cards at the point of sale are not happy with the user experience, and First Data sees itself in a position to help.

Wal-Mart Stores Inc. sued Visa Inc.’s U.S. unit, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks.

Counterfeit card fraud is finally on the way down as EMV creeps into the U.S. marketplace, but card not present (CNP) fraud through online channels is skyrocketing. It's too soon, however, to blame the EMV shift.

Mobile wallets may not have eliminated cash and cards, but they are becoming almost unavoidable in many retail settings. However, there are still a few areas where mobile technology is slow to arrive.

Despite having fewer prepaid cards in the market, Green Dot delivered a first quarter that exceeded its executives' expectations with $78.3 million in adjusted earnings.

Bitcoin payments company BitPay has partnered with the payments giant to launch a co-branded debit card allowing U.S. consumers to spend the digital currency at Visa merchants,

RBC is giving up the revenue it gets from its $1-per-transfer service by offering free Interac transfers from all personal checking accounts, in effect betting that the relationship it builds with customers will be more valuable than its fee income.