Prepaid cards

When Chris Winship, partner of FTV Capital, paid $35 million in private equity funds for a slice of the digital gift card player Tango Card in May 2018, he did so with the expectation that he would quickly find a buyer.

The Texas bank, which partners with the U.S. Treasury to dispense federal benefits via prepaid cards, is alleged to have dropped the ball as hundreds of cardholders say their money was forwarded to fraudsters posing as them.

Texas-based digital gift card platform company Swych has launched a gift card service for instant cross-border gifting to India following its recent acquisition of GiftCardsIndia.

From its beginnings as a standalone Starbucks Card app, the Starbucks mobile experience was always a bit different from what other companies tried to do.

Digital money platform Wirex has added a Ripple cryptocurrency wallet to its portfolio, giving its users the ability to exchange and spend Ripple's XRP token through their Wirex Visa cards.

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders.

Starbucks achieved rapid adoption of its mobile card app by building it on top of the highly successful Starbucks closed-loop gift card. Such a model could also apply to the cannabis market, which is largely shunned by mainstream banks and card networks.

Rural Alaskans, including Native Americans living in the mountains, may not have access to traditional banks. But they aren't exactly living off the grid.

On the surface, the Uber-Venmo partnership sounds like a coup for Venmo, getting its brand into the app that defined the ride-sharing category. But the partnership is a much bigger deal for Uber.

Attempts to legislate or regulate innovative payments treat consumers, who have affirmatively selected to use prepaid accounts or some other emerging access device to access their money, much differently than consumers who have decided to open a traditional bank account with an associated debit card, writes Brian Tate, president and CEO of the NBPCA.