Prepaid cards

One of the nation's biggest prepaid card companies said that it expects to lose 10% to 12% of its current revenue as a result of new federal rules governing the industry.

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.

Fuel card issuers in recent years have consolidated operations through acquisitions. Norcross, Ga.-based Fleetcor in 2014 purchased Comdata for $3.45 billion, and WEX in 2012 bought Fleet One.

With the Consumer Financial Protection Bureau expected to release tighter rules for prepaid cards in the next several weeks, prepaid issuers are pushing what they see as advantages over banks, such as fast access to payroll funds.

Five months after creating Instant Pay to allow Uber drivers to get faster payments into Green Dot's GoBank accounts, the companies are expanding the program to include nearly any U.S. debit card.

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.

Green Dot profits more than doubled to $8 million in the second quarter as revenues rose slightly and expenses ticked down.

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.