prepaidRSS

Consumer prepaid card sales drop in US – Mercator report

prepaid

US consumers aren’t buying as many prepaid cards, according to a new consumer survey from Mercator Advisory Group. The data show 56% of US adults bought prepaid cards in the year preceding this survey, down from 63% in 2016.

Stack taps Mastercard for challenger mobile banking app

Stack

There’s a new fintech challenger in town. Toronto-based Stack has partnered with Mastercard ahead of the beta launch of its mobile financial services app and companion prepaid card.

How does your prepaid card rank?

US flags

Two reports ranking US consumer prepaid cards have just been released. Find out which cards made the lists and why.

NBPCA requests more changes and time to comply with CFPB’s prepaid accounts rule

OCC

US-based Network Branded Prepaid Card Association (NBPCA) submitted its comment letter to the Consumer Financial Protection Bureau’s (CFPB) on the bureau’s proposed changes to the final prepaid accounts rule. The trade group is calling for additional revisions to the rule as well as an extended implementation period.

Paysafecard enters UAE to enable online payments with cash

paysafecard logo

Paysafecard announced its entrance into the UAE with its flagship prepaid payment solution, which enables consumers to pay cash in retail stores for a prepaid PIN they can use to shop online.

FitPay and Mastercard take prepaid to wearables and IoT

FitPay

FitPay Inc, a US-based provider of payment, credential management and authentication platform services, is planning to offer prepaid capabilities on wearable and other devices connected to its FitPay Payment Platform.

PFS deal to provide Moneymailme users with prepaid cards

Moneymailme

Users of Moneymailme will have the option of using physical and virtual prepaid cards to make purchases with the funds in their e-wallets.

CFPB seeks comments on proposed changes to US prepaid rule

CFPB

The US Consumer Financial Protection Bureau (CFPB) has issued a request for comment on proposed changes to its final rule on prepaid accounts that would adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets. Paybefore (Banking Technology‘s sister publication) reports that the bureau first floated […]

Ebix buys majority stake in India’s payments tech vendor ItzCash

Ebix

Indian payment solutions provider ItzCash Card has a new main backer. This is Ebix, a US-based vendor of on-demand software and e-commerce services to the insurance, financial, e-governance and health care industries. Ebix has taken an 80% stake in ItzCash for $120 million.

Bitpay’s Visa branded prepaid card for Bitcoin goes global

Get you Bitcoins

Bitpay has released its Visa-based prepaid debit card in 131 countries. The card “makes it possible for users to convert Bitcoin into a spendable dollar, euro or pound balance” on the card in a matter of minutes, the company says.

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