Mobile Payments Growth Tapering: Report April 22, 2014The IDC Financial Insights 2014 Consumer Payments Survey polled consumers in regards to emerging payments methods.
The New Year in Regulation and Compliance. January 10, 2014What will banks be required to heed in the regulatory sphere in 2014? Here are four views on new CFPB regulations, FATCA, and everything else on the compliance priority list. Mercator Examines Risks and Trends in Prepaid Fraud November 19, 2013A new report from the analyst firm analyzes recent prepaid fraud cases and offers best practices for dealing with them. 5 Insights On Industry Preparations for FATCA November 01, 2013A recent study shows that banks are pushing forward on FATCA compliance but are in need of clarification from regulators about some requirements. Understanding The Banking System's Role In the Post-9/11 World September 11, 2013A new book outlines the role the U.S. Treasury Department has played in the war on terrorism. The Marriage of Mobile and Prepaid July 12, 2013Prepaid products and mobile banking apps both aim to give customers ease-of-use with practical functionality, and combining the two can offer a number of ways for banks to deepen their customer relationships. How Banks Win the Battle for Prepaid Customers May 08, 2013Banks can leverage current assets to grow their share of the younger and underbanked customer segments through prepaid products, as long as they keep in mind what these customers are looking for. Javelin Forecasts Big Growth in Mobile Payments By 2018 April 03, 2013Javelin released a report today forecasting payments trends at the point of sale over the next few years, with growth expected in mobile payments and further decline in cash and checks. Fiserv Launches Prepaid Mobile Deposit Service April 02, 2013Prepaid Source Capture allows consumers to load funds from checks onto prepaid cards.
FDIC Insurance Added to Bluebird Debit Program from American Express and Walmart March 26, 2013American Express and Walmart are adding new checking capabilities to their Bluebird debit joint program designed for unbanked consumers, which also now offers FDIC insurance for account holders. PayPal Launches Prepaid Cards December 14, 2012PayPal released its first prepaid card yesterday, allowing users to easily load cash into their PayPal account as funds that can be used for online purchases. U.S. Bank Expands Prepaid Services With Acquisition of FSV November 27, 2012The bank announced today the acquisition of FSV Payments Services, a prepaid processing company, to offer more varied prepaid services. Chexar and Visa Deliver Mobile RDC to Prepaid Cardholders October 23, 2012Visa prepaid cardholders will be able to deposit their checks with their mobile devices on to their prepaid cards, gaining immediate access to their funds. MasterCard Prepaid Card Users Can Now Reload at Western Union Locations September 18, 2012MasterCard and Western Union announced today that MasterCard prepaid cardholders will be able to fill up at Western Union locations anywhere in the U.S. Adding Salt to Wounds: Consumers Shun Banks for Alternatives September 14, 2012FDIC data shows that the number of households managing their finances without a bank is growing. It sounds like bad news for banks – but maybe it’s actually an opportunity. MasterCard Launches Prepaid Refill Service in Europe September 12, 2012The rePower service allows MasterCard prepaid card holders to refill their card with cash at merchant locations.
Treasury Department Introduces New Head of Anti-Laundering Enforcement Agency August 21, 2012The Financial Crimes Enforcement Network at the Treasury Department named Jennifer Shasky Calvery as its new director following recent money-laundering scandals. Bank of America Merrill Lynch Expands Card Solutions Internationally and Introduces SEPA Direct Debits July 26, 2012Hoping to help clients looking to expand overseas, Bank of America introduced card solutions in new countries along with SEPA Direct Debits. New Study Highlights Growing Importance of Mobile Payments July 09, 2012IDC Financial Insights 8th annual Consumer Payments Survey found a significant increase in the use of mobile payments. BofA Merrill Lynch Announces Updated Card Solution May 29, 2012Exact auth override is an enhancement to its flagship card solution, ePayables.