Prepaid cards

Neobanks pose latest threat to prepaid card issuer Green Dot


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.


Green Dot renews vital card partnership with Walmart


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.


MetaBank sees consumer demand for faster payments


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.


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


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.


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


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.


6 takeaways from the Global Payments-TSYS merger


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


Buffett offers Wells CEO advice; Leveraged loans again sparking fear


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.


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


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.


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


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.


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


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