Cards

UniRush is finding that the audience for prepaid cards is going well beyond the underbanked. The company, which offers the prepaid RushCard, is responding with a new approach to better appeal to this new audience.

Several money transmitters are offering their state licensing portfolio to emerging payments agents, allowing them to get to market quicker — but startups lose some autonomy if they go this route.

The Federal Reserve Board will appeal a court ruling that calls for the central bank’s debit swipe fee cap to be invalidated, its top lawyer said.

PayPal is paying attention to locally owned stores in its initiative to support in-store payments, but the small-business segment has posed many challenges for companies that try to introduce new technology.

Near Field Communication technology is regaining its momentum as a payments tool with Desjardins Group's planned mobile payments rollout.

KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies.

As check registers and passbooks fade into obscurity for a growing number of bank customers, Realex seeks to further modernize payments by putting a human face on accounts.

While some Bitcoin businesses hesitate to respond to the evolving regulatory framework surrounding digital currency, Robert Pargac, director of global investigations and compliance at Navigant Consulting, says Bitcoin businesses should stay proactive and aggressive in their approach to risk and compliance.

The demise of PerkStreet, a startup that offered generous cash back on debit card purchases, illustrates how the business is changing. Interchange-funded rewards are out; merchant-funded perks are in.

A federal judge raised the possibility that banks will have to repay billions of dollars to merchants, but legal experts say the court lacks the authority to enact such an order.

Canadian financial services technology developer Davis and Henderson closed its $1.2 billion acquisition of Lake Mary, Fla.-based Harland Financial Solutions on Friday.

As the Isis mobile wallet comes out of pilot, it's important to note that not every emerging payments initiative makes it this far. But in experiments, any result can be valuable if the companies behind the test find something to learn from it.

A court ruling that debit card fee caps be lowered could also enable merchants to play card networks against one another.

The company behind the German mobile payments app GO4Q has had a busy — and challenging — summer, adding payments for taxi drivers, golf courses and beer gardens.

Travelex Currency Services has joined with MasterCard to offer U.S.-based travelers a prepaid card that handles currency conversion and uses EMV-chip security.

Groupon aims to attract more merchants to its mobile payment offering by letting them remove the mobile device from the equation.

The U.S. Federal Reserve was given a week to tell a federal judge its position on immediately rewriting regulations setting debit card swipe fees after a court found the current rule unlawful.

WASHINGTON – The Federal Reserve was given a week to tell a federal judge its position on immediately rewriting Durbin amendment regulations setting debit card swipe fees in the wake of last month’s ruling that the current cap is unlawful.

DALLAS – A new group of merchants, including Delta Airlines, Emerald Foods, Callaway Golf Sales, Duke Energy, Mens’ Warehouse, MGM Resorts and Travelocity, filed suit in federal court here yesterday claiming Visa and MasterCard are violating the Sherman Antitrust Act by operating under identical rules for card acceptance.

In another move to win over video game devotees, American Express Co. created a League of Legends-branded prepaid card, which could be more fitting than its earlier efforts to appeal to gamers.