Prepaid cards

JetPay has received a fresh round of funding from payments industry veteran Larry Stone, who is joining the company’s board.

Businesses and consumers using Ingo Money will be able to pay credit card bills through U.S. MoneyGram locations.

The biggest surprise for many who awaited the Consumer Financial Protection Bureau’s final rule for prepaid cards was discovering that its reach extends to some of the payments industry’s highest-profile tech firms, such as PayPal Inc.’s Venmo, Square Inc.’s Square Cash and Dwolla.

The Consumer Financial Protection Bureau's final rule on prepaid cards will improve fraud protection and provide greater transparency of costs for such products, but is already drawing fire from both consumer advocates and bankers over how it treats overdraft fees.

New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.

A new tool developed by the federal government may put the brakes on certain counterfeit card scams during the holidays, if law enforcement agencies can replicate the results of an initial test.

Approximately 37 million adults in the United States — a number roughly equivalent to the population of California — do not have a checking account. Some of those individuals have never relied on traditional banking.

Prepaid card issuer Green Dot Corp. has made an executive change, hiring board member Mary Dent to lead the company's banking unit.

Just weeks after welcoming a new CEO and launching a fresh marketing push following some unwelcome technical issues, UniRush LLC is rolling out a new mobile app for its prepaid RushCard with improved security features.

Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.