PayTech


2013 Paybefore Awards: Best General Purpose Reloadable Card Program-U.S. Solutions

Best use of a consumer-funded reloadable network branded prepaid card for general use, such as ATM access and purchasing. Includes travel, remittance and youth-focused (including campus and student) programs; excludes payroll programs. For Paybefore’s purposes, card may mean a physical card or alternate form factor, including a virtual card. Best in Category: PayPal Prepaid MasterCard  […]

Oakland ID/Prepaid Card Fills Dual Needs for Underserved (March 2013)

By Adam Perrotta, Assistant Editor Oakland, Calif., residents who lack bank accounts and U.S. government-issued photo IDs now have an option for electronic payments and identification. While several U.S. cities issue identification cards for residents who need an ID, the program’s backers say the Oakland City ID Prepaid MasterCard is the first to also act […]

2013 Paybefore Awards Continuing Coverage (March 2013)

In this installment of our Paybefore Awards coverage, get to know each of the winning programs in the following categories: Industry Achievement Winner: Brooks Smith Industry Achievement Winner: Roy Sosa Best Network Branded Gift Card Program  Most Effective Closed-Loop or RAN Prepaid Card Program  Best General Purpose Reloadable Card Program-U.S. Solutions  Best General Purpose Reloadable […]

M-Payments’ Next Chapter: Get Ready for ‘Wallet Wars’ (March 2013)

By Kate Fitzgerald, Emerging Payments Editor  The proliferation of mobile wallet concepts enabling consumers to make payments with smartphones and tablets already may seem daunting, but get ready for more. Experts say it’s still quite early in the cycle as card-based payments morph into new, mobile forms with countless approaches to enriching the shopping process […]

Viewpoint: Early Days for NFC (March 2013)

By Lori Breitzke, E&S Consulting LLC In the initial installment of this article, we addressed how trends in EMV will impact the prepaid sector. But developments in near field communication (NFC) merit an equally close watch, as they, too, should have bearing on the prepaid market and how it plays out moving forward. Let’s start […]

Viewpoint: Early Days for NFC (March 2013)

By Lori Breitzke, E&S Consulting LLC In the initial installment of this article, we addressed how trends in EMV will impact the prepaid sector. But developments in near field communication (NFC) merit an equally close watch, as they, too, should have bearing on the prepaid market and how it plays out moving forward. Let’s start […]

Bluebird Adds FDIC Insurance, Direct Deposit of Gov’t Payments (March 26, 2013)

American Express and Walmart today announced that accounts held under the companies’ Bluebird program now will be eligible for FDIC insurance and, as such, will be able to receive direct deposit of government disbursements, including Social Security payments, military pay and tax refunds. The companies also have added a pre-authorized check-writing function, as well as […]

Allpoint ATM Network Passes 55,000 Mark (March 26, 2013)

Allpoint Network, the Bethesda, Md.-based ATM network operator, has expanded its surcharge-free network by 5,000 new cash machines located across the upper Midwest and northern Plains states. Allpoint’s surcharge-free ATM network, already the world’s largest, according to the company, now totals more than 55,000 machines across North America, the U.K. and Australia. An affiliate of […]

Banco Sabadell Launches NFC Pilot with Visa (March 26, 2013)

Spain’s Banco Sabadell, operating under various local bank brands from its headquarters in the city of Sabadell, has launched an NFC payments pilot with mobile network operator Telefónica and BlackBerry. Participating customers will receive an NFC-enabled BlackBerry Curve smartphone with their Visa payment card details stored in the handset, the bank said. Customers may download […]

People on the Move: Shay Artzi and Gal Steinberg, Zappix (March 2013)

Zappix, a Boston-based mobile portal and customer service app company, has announced the hiring of two executives. Shay Artzi, Ph.D, joins Zappix as chief technical officer and Gal Steinberg as vice president of marketing. Artzi previously served as senior software engineer for IBM, where he was a key member of a software group leading the […]

People on the Move: Neil Steinhardt, Skrill USA (March 2013)

Skrill, one of Europe’s largest payment providers, has appointed Neil Steinhardt, currently managing director of paysafecard.com USA Inc., to the position of CEO at Skrill USA Inc. He will be responsible for the management and continued growth of Skrill and paysafecard USA, including shaping the evolution of e-wallets in the United States. Steinhardt brings payment processing […]

People on the Move: John Park, Matthew Francis and Robert Pinataro, Alegeus Technologies (March 2013)

Alegeus Technologies, a Waltham, Mass.-based health care and benefit payments solutions provider, has appointed John Park chief strategy officer, Matthew Francis chief sales officer and Robert Pinataro chief service officer. Park will lead corporate strategy and corporate development for Alegeus. Prior to joining the company, he was a senior leader at CIGNA Healthcare, responsible for […]

Millennials Leaning on Prepaid through Economic Recovery (March 25, 2013)

The U.S. economy’s slow recovery from the recession is driving millions of consumers between 18 and 34 years old to use prepaid cards as an alternative to a traditional bank account, forcing banks to rethink how they market financial services to young adults, various experts suggest. And as underemployed young adults in the so-called Millennial […]

More U.S. Consumers Pay Bills Online; Plan to Use Mobile (March 25, 2013)

More U.S. consumers are paying bills online and more are considering using their mobile phones to pay bills as well, according to the Western Union Payments Money Mindset Index, released today. The online survey of more than 3,000 respondents conducted by Javelin Strategy & Research, found that consumer preference for online and mobile bill payments […]

Report: Contactless Card Payments Rise in Turkey (March 25, 2013)

Contactless payment cards are gaining a significant foothold in Turkey, passing the 10 million card milestone in 2012, according to a new report from the Interbank Card Center of Turkey (BKM). The pace of growth has been rapid, with the number of contactless prepaid, debit and credit cards expanding to 10.3 million in 2012, up […]

TransCard Expands Product Line with Student Prepaid Card (March 25, 2013)

The growing student card market has a new entrant. Chattanooga, Tenn.-based processor and program manager TransCard is targeting banks that want to offer prepaid cards to college students with its newest reloadable prepaid product. The company’s announcement of its Student Prepaid Card comes just weeks after unveiling a prepaid card for banks to offer customers […]

SEPA – Time to Make the Change

The shift to SEPA offers significant benefits to businesses – from lower bank fees on euro payments and direct debits to opportunities to streamline processes.

SEPA direct debit uptake “unacceptable” says ECB

The European Central Bank says that the speed of adopion of direct debits in line with the Single Euro Payments Area standards is “unacceptable” and urged regulators and payment service providers to make greater efforts to push the instrument or risk damaging the reputation of the scheme.