Prepaid cards

Silicon Valley companies like Marqeta, Stripe and Braintree cut their teeth on the open network concept, creating a place for themselves at the table of future embedded payments, instant card issuing or instant credit.

U.S. Bancorp has hired John Steward as president of its retail payments solutions division.

Media properties and financial services rarely go hand in hand, but in Canada one partnership is testing whether today's millennials will be more open to that kind of pairing.

The digital gift card is one of the rare examples in the payments market where more options may not necessarily be the best thing for consumers.

Prepaid Financial Services, a provider of e-money and banking solutions, is rolling out a government-sponsored prepaid card program for refugees and asylum seekers in Europe.

Steve Streit, who founded the prepaid card pioneer in 1999, is taking fire from an investment firm that owns 6.2% of the company.

Canada’s prepaid card market—still relatively small—is experiencing a healthy growth surge, according to new data from the Canadian Payments Association, and key industry players confirm the trend.

A startup geared toward the prepaid market thinks it has found a way to effectively bridge the gap between high-touch onboarding and all digital experience: operating like a food truck.

Millions of consumers without traditional banking relationships can use Apple Pay, now that ADP, a major provider of payroll cards, has joined the mobile payments bandwagon.

After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards.

From fairly humble beginnings three years ago with the low-fee Bluebird prepaid Amex card and the Serve platform, Walmart has gotten more and more aggressive — and welcoming — with payments innovation.

Glacier Restaurants, having examined the wide array of choices to tap mobile technology, has concluded that the best entry-level mobile transaction is the digital gift card.

Wilmington,Del-based The Bancorp Bank has agreed to pay $4.3 million on charges brought by the Federal Deposit Insurance Corp. that the prepaid card issuer deceived consumers.

Green Dot is giving its chief financial officer job to Mark Shifke, who has been the firm's acting CFO for the last seven months.

The uncertain state of the prepaid card market doesn’t faze Texas entrepreneur Houston Frost, who has relaunched the Akimbo prepaid card, a concept he’s championed since 2011.

WASHINGTON -- More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users’ funds after a payment processor switch, the company told lawmakers.

Chief Executive Steve Streit said that the company's lower fee structure did not generate enough additional purchase volume to overcome the loss of revenue.

Graves had been executive vice president since 2008 at the prepaid card maker, and he has worked at InComm since 1997. In his new position, Graves will report to Brooks Smith, chief executive.

Mobile wallets have long struggled to displace cash and cards, so Ingo Money chose a different target: check-cashing.

Payroll cards are part of the emerging mobile payments capabilities that are shifting the nature of financial transactions.