Prepaid cards

The prepaid card industry already succeeded in getting one delay for complying with new Consumer Financial Protection Bureau rules, and at least one top prepaid card issuer is now requesting additional rule-changes and an extra year to comply.

Lowe’s has long offered financing through its private-label credit card programs, but for many construction crews, a corporate credit card is a poor fit for handling ongoing expenses.

The Pasadena, Calif., company reported net income of $19.3 million, up from $8 million in the same period a year earlier.

Indonesian online payments company KinerjaPay has opened a gift card center enabling consumers to purchase gift cards with bitcoin from major U.S. merchants including Amazon, Starbucks and Barnes & Noble.

Six states and D.C. still charge in-network fees when unemployed workers cash in assistance delivered through prepaid cards.

Vienna-based paysafecard, which enables unbanked consumers to make online payments using a service backed by a prepaid card, is expanding to the United Arab Emirates.

American Express is giving its card customers an easy way to transact in cryptocurrency.

The simplest scams are sometimes the hardest to thwart. Rather than redesign its prepaid card with added security, InComm is redesigning the packaging in a way that should render stolen cards unusable.

Prepaid payroll companies are delivering new functionality and processes that enhance cardholder experience, writes Tal Clark, senior vice president and head of Money Network at First Data.

Square has long been considered at the vanguard of digital payment innovation, so it may be a little unexpected to see the company take a step backward into physical card issuance.