Prepaid cards

Neobanks pose latest threat to prepaid card issuer Green Dot

11/08/19

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.

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Green Dot renews vital card partnership with Walmart

10/29/19

The two companies agreed to continue to collaborate on a prepaid card program until 2027. The deal holds particular importance for Green Dot, which relies heavily on revenue generated at the discount retail giant.

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MetaBank sees consumer demand for faster payments

08/27/19

A new study released by the prepaid issuer MetaBank finds that most consumers want businesses to use faster payment methods when sending them money for refunds, rebates and claim payments.

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IG to Treasury: Don't whitewash lapses in Comerica benefits program

08/22/19

An inspector general’s findings suggest that the Texas bank could face more consequences over how it handled fraud cases last year tied to the Direct Express program.

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As benefit payments went digital, banks had to improve cash access

07/26/19

Most agencies use electronic benefit transfer to deliver funds to prepaid cards, but recipients who need access to cash are often caught in a bind, with fewer convenient or free ATMs available in an increasingly digital payments landscape.

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6 takeaways from the Global Payments-TSYS merger

05/28/19

Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last.

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Buffett offers Wells CEO advice; Leveraged loans again sparking fear

04/08/19

The bank’s biggest shareholder says Wall Street shouldn't yield its next CEO; concern that mistakes that led to the financial crisis are being repeated.

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Green Dot's profits surge on higher swipe fees, purchase volume

02/20/19

The results suggest that consumers who buy Green Dot cards are using them with greater frequency or for longer periods of time than they have in the past.

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Warren: Comerica fraud shows need for security fix in prepaid program

01/10/19

The senator wants Treasury to enhance fraud protection in the Direct Express prepaid program — now a partnership with Comerica Bank — when its contract is rebid in 2020.

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Can bank-issued prepaid cards appeal to U.S. crypto market?

10/25/18

One U.K. fintech hopes its cryptocurrency-based prepaid debit card will gain traction with bitcoin and ether enthusiasts here.

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