PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Rush Card Hires New CEO and Plans New Services

Ben Jackson by Ben Jackson
July 8, 2016
in Analysts Coverage
0

Vintage still life. Vintage compass lies on an ancient world map in 1565.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

UniRush LLC, the parent company for RushCard, announced that it has hired Ron Hynes, a former MasterCard Executive, as its new CEO and that it plans to offer new services for cardholders.

UniRush, the parent company for RushCard, announced Thursday that it had appointed a new chief executive. Ron Hynes, who previously worked at MasterCard and worked most recently at mobile payments startup Mozido, replaces former chief executive Rick Savard, who took the helm in 2014.

The company plans to offer a larger range of services to help its customers manage their money and possibly build credit.

Simmons said the new services the company will introduce include an option RushCard plans to roll out over the next several weeks that gives card-holders the ability to temporarily freeze access to their accounts if they worry their card was lost or stolen. He said he is open to researching new credit scoring models that might make it easier for people to qualify for mortgages based on payments that aren’t traditionally factored into their credit score, such as a rent payment. He also said the company would look into services that appeal to “affluent” customers who want to do more of their banking online.

RushCard has continued to face scrutiny from an outage last October when it was switching processors, and it now is in the same place as the rest of the prepaid industry in facing an uncertain future due to regulations from the Consumer Financial Protection Bureau. The company has shown a willingness to adapt to changing conditions, so it will need to continue to be flexible in order to be successful in a new operating environment.

Overview by Ben Jackson, Director, Prepaid Advisory Service at Mercator Advisory Group

Read the full story here

Tags: Prepaid
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cashless payments mobile

    The Synergy Between Cashless Payments and Seamless Mobile Coverage

    September 22, 2023
    The Power of AI and How its Transforming the Financial Landscape

    The Power of AI and How It’s Transforming the Financial Landscape

    September 21, 2023
    “You’re a Fintech, I’m a Legacy Bank – How Can We Collaborate?”

    Investing in Fintech: Opportunities and Challenges in the Payments Industry

    September 20, 2023
    real-time payments across the globe

    In 2023, Real-Time Payments Expanding Across the Globe

    September 19, 2023
    AI

    AI in EBPP: Small Changes, Huge Impacts

    September 18, 2023
    Amazon

    How Tech Is Changing the Checkout Process

    September 15, 2023
    fraud risk models

    Consortium Approach Dramatically Improves Fraud Risk Models

    September 14, 2023
    Disrupting the Disruption: Where Banking Is Heading Next

    Disrupting the Disruption: Where Banking Is Heading Next

    September 13, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result