Prepaid cards

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.

As shopping gets more digital, so does fraud. The rise in technology at shoppers' fingertips provides many new channels for scammers to exploit.