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.
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. Consumers Want Bank-Offered Prepaid Cards, Survey Says May 24, 2012According to research from Market Rates Insight bank customers and credit union members say they are more likely to use prepaid reloadable cards if offered by their financial institution. Banking the Unbankable Requires a Targeted Effort February 28, 2012To tap the growing number of unbanked and underbanked consumers worldwide, banks need to be more aggressive in offering services and products specifically designed for the market. Sunrise Community Banks Select Fiserv for Card Processing Services December 08, 2011Fiserv will provide prepaid and gift card processing for the consortium of community banks. Visa Global Development Head Joins Green Dot December 05, 2011The prepaid card company announced that John MacIlwaine will served as its new CIO. MasterCard Rolls Out Prepaid Contactless Wristwatch in U.K. November 30, 2011The product, called Watch2pay, will be enabled with MasterCard's PayPass contactless technology. The Underbanked by the Numbers March 08, 2011Who are the American underbanked? Author Brett King's video explains. Treasury Department's Prepaid Debit Card Tax Refund Pilot Begins January 13, 2011More than half a million tax returns could be dispersed via prepaid debit cards under the U.S. Treasury's new program. JPMorgan Chase Pilots Prepaid Card for Disabled NYC Commuters December 16, 2010Transit authority expects to save 70% on Access-A-Ride costs by having non-wheelchair-using customers take taxis and pay with their prepaid cards. MasterCard to Buy Travelex Prepaid Program for $485 Million December 09, 2010Placing a big bet on the prepaid and travel market, especially outside the U.S.