Prepaid

Payment Cards and the Unbanked: Prospects and Challenges

by

Julia S. Cheney

On July 13 and 14, 2005, the Payment Cards Center hosted a two-day conference, "Payment Cards and the Unbanked: Prospects and Challenges," that brought together experts from the financial services industry and from the policymaking, community development, and academic communities to examine ...
23 pp.   
Posted: November 2005

City National Removes Branch Clutter With E-salaries

by

John Adams

Over the past year, City National Bank has found a solution in deploying Card Technology that allows the institution to "deposit" the salaries in cards that employees of corporate customers who can use corresponding ATM and POS terminals. It's a move that
Published in US Banker on . Posted: November 2005

FDIC's Fresh Thinking on Stored Value

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Vartanian, Thomas P.; Ledig, Robert H.

Bankers may soon have to adjust their approaches to stored-value products if the Federal Deposit Insurance Corp. adopts a proposed rule.
Published in American Banker on . Posted: October 2005

Reloadability Demand Up for Prepaid Debit Cards

by

Lavonne Kuykendall

The growth of branded prepaid debit cards, which are used mostly by the unbanked, has boosted demand for outlets where they can be reloaded easily. MoneyGram International Inc. planned to announce over the weekend the launch of a prepaid MasterCard that c
Published in American Banker on . Posted: October 2005

Direct Response Financial Services Enters Into Agreement With Poder de Compra

by

Unknown

Direct Response Financial Services, Inc., a "provider of stored value and debit card products and services to Hispanics and other underserved consumers" with Optimum Pay USA, Inc. has entered into a purchase and sale agreement to provide 50,000 ATM/debit
Published in Business Wire on . Posted: July 2005

Branded Prepaid Card Trade Association Announced

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Anil D. Aggarwal, Michelle Chea

TSYS Prepaid is sponsoring the creation of a prepaid card industry trade association.
Published in TSYS Prepaid on . Posted: July 2005

Q-Series: Transaction Processors - Can An Old Dog Learn New Tricks and Change the Money Transfer Market?

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Adam B. Frisch, Stephen Stout

This report looks at the use of prepaid money transfer cards and their impact on the remittances market. It also focuses on the efforts of banks and card association to penetrate the unbanked population through prepaid and remittance programs and the comp
Published in UBS Investment Research on . Posted: July 2005

Visa Follows MasterCard's Footsteps By Allowing Interlink To Be Invisible

by

Unknown

"Visa has lifted its rules requiring that issuers of Visa's Interlink PIN-debit POS network place Interlink on their debit cards." This rule change is likely to benefit third-party stored value card distributors as they are likely to workout advertising d
Published in ATM & Debit News on . Posted: July 2005

Revolutionary Savings Program Helps Unbanked Americans Save for the Future;

by

Unknown

FiSCA and NetSpend are forming a partnership to allow NetSpend prepaid debit card holders to open a savings account linked to the card through the new All-Access Naitonal Savings Program. The program will provide savings products to unbanked consumers in
Published in PR News Wire on . Posted: June 2005

ITI Unit of Fiserv and FSV Payment Systems Join Forces to Offer Stored-Value Solutions

by

Unknown

ITI and FSV Payment Systems are offering "FSV's PAYCHECK PLUS! PDQ, a stored-value payroll card solution, and FLEXGIFT(TM), a turnkey gift card program for consumer and commercial banking customers." Employers who want to use payroll cards can use PDQ.
Published in Business Wire on . Posted: June 2005

Progress, But Doubts Linger: Funding issue still dogs N.Y. Community

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Matthias Rieker

N.Y. Community Bancorp may have trouble funding loan growth because deposits are not keeping pace. To address the problem N.Y. Community will form a banking subsidiary to "gather municipal deposits."
Published in American Banker on . Posted: June 2005

A Texas Bank's Unseen Driver: The Unbanked

by

John Reosti

Inter National Bank has introduced the All-Access National Savings Program, that links a prepaid debit card with a savings account. Created by NetSpend the program allows consumers to transfer some of the money that they load on their debit card to an ...
Published in American Banker on . Posted: June 2005

H-E-B Marketing Branded Prepaid Visa Card

by

Unknown

H-E-B in partnership with NetSpend is launching a prepaid Visa card with an interest-bearing option. Users of the card can also access All-Access Bill Pay which allows them to make on-line bill payments.
Published in progressivegrocer.com on . Posted: June 2005

Ace Cash Finds More Convenient Loading System

by

Unknown

Ace Cash and Net Extend are allowing pre-paid debit card holders to make money transfers without visiting a retail location - using the web and phone. Net Extend will use Payment Data, whose "IPS-ACH service allows so-called electronic checks to be used ...
Published in ATM & Debit News - PREPAID CARD NEWS on . Posted: June 2005

Entrepreneur finds success with prepaid credit cards

by

Andrew Blazier

Next Estate Communications Inc., allows customers, many of whom are unbanked to purchase prepaid credit cards with a MasterCard or Visa logo. The cards can be purchased at 40,000 retail stores in 49 states.
Published in San Gabriel Valley Tribune on . Posted: June 2005