Cards

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.

Achieving the coveted “top of wallet” status is tough for banks, not least because their own credit and debit cards often compete with one another for priority status with the same customers.

Achieving the coveted “top of wallet” status is tough for banks, not least because their own credit and debit cards often compete with one another for priority status with the same customers.

Over the past five years, the slow-but-steady rise of mobile wallets seemed to signal the end of the plastic card era. But that's not how things played out.

Banks such as TCF Financial and Citigroup are adding Near Field Communication to their EMV cards to address consumers' displeasure.

Engage Financial Technology, a provider of prepaid card programs for banks, healthcare providers, retailers and other organizations, has partnered with software provider Ensenta for a cloud-based approach to loading funds to prepaid cards.

Since the Dodd-Frank Act was passed in 2010, bank industry representatives have confidently predicted that the next year would bring significant changes, only to see their hopes dashed amid partisan divisions over proposed fixes. Until now.

In another move that furthers India's movement away from cash, police in Pune plan to initiate a cashless policy by the end of the first week of January.

The wheels are already turning on one of the biggest fleet card portfolio flips in North America, with South Portland, Maine-based WEX Inc. poised to take over in 2018 as the issuer of Chevron and Texaco fleet cards, replacing FleetCor Technologies, which is looking to make up revenue growth elsewhere.

Consumers, particularly younger people, are placing an importance on being able to obtain a plastic card in a branch and use it right away.

The large scale of the U.S. payment card market prompted many issuers to keep things simple by sticking with contact-only chip cards when they finally moved to support EMV, but now certain issuers are taking a new tack by adding Near Field Communication technology to their chip-enabled cards.

A new analysis from the Federal Reserve shows checks as one of the few non-cash payment types to decline, while many others are on the rise.