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.

Cash has been notoriously stubborn in light of the relentless onslaught of new payment methods, and though it has started a very slow decline, it is perhaps decades away from declaring defeat.

Three months shy of the EMV liability shift’s one-year anniversary, issuers are making brisk progress but merchants are stuck at a crawl.

At its launch in 2004, ThankYou had its own separate identity, customer base and website from the rest of Citi – even logging into the program was difficult.

WEX Health has launched a benefits card with Fifth Third Bank in Cincinnati, Ohio and employee benefits administrator Chard Snyder to help manage employee health plans.

JPMorgan Chase & Co.’s contract to provide debit cards to inmates released from federal prison may have backfired after a former convict raised a ruckus.

The mega-banks behind Early Warning's clearXchange network provided a huge base to push the speedy processing necessary for digital payments—but even the biggest banks don't blanket the country as well as Visa and Mastercard.

Wells Fargo's embrace of Near Field Communication technology is rapidly approaching at least one milestone — a customer experience that does not require a card to use an ATM or pay in a store.

Many times, bitter rivals must set aside their differences for the common good. This has happened a lot in recent years as the payments industry adjusts to the fast pace of innovation.

Retailers insist that the EMV migration in the U.S. is weak because there is no PIN requirement to verify chip-card transactions, a process that is standard practice in other nations.

To hear PayPal CEO Dan Schulman tell it, his company's agreement with Visa this week is a transformative and history-making deal. But in at least one way, PayPal must make sure that history does not repeat itself.