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Netspend Continues to Create Access for Consumers by Supporting Samsung Pay Cash with Prepaid Debit

by Sue Brown

October 10, 2019

Today's article covers a press release from Samsung: Many of us are turning to our smartphones to manage their most ...

Galileo Financial Technologies: Powerful APIs and a Penchant to Reduce Card Fraud Losses Drive This Fast-Growing Fintech Provider

by PaymentsJournal

October 10, 2019

Fintechs have been driving innovation across the entire payments industry. By harnessing APIs, artificial intelligence and other technological advances, fintechs ...

Branch Expands Scheduling Flexibility Platform with General Availability of Pay

3 Key Payroll Card Takeaways Each for Employers & Employees:

by PaymentsJournal

September 20, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

Comdata to Acquire Payroll Card Provider SOLE Financial

Payroll Card Users Might Not Be Who You Thought They Were:

by PaymentsJournal

September 18, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

The Greenlight Card Teaches Young Adults How to Manage Money

by Sue Brown

September 17, 2019

Here's an article from Finextra that's worth exploring: Atlanta-based Greenlight combines a "smart" debit card with an app to help ...

About the report The report titled U.S., Canada, and U.K. Prepaid Markets: Similarities and Differences provides a comparison of these markets including market size, taxonomy, regulations, and key players. Mercator Advisory Group has been covering the U.S. prepaid debit card market since 2004 and created the taxonomy that is used industrywide to categorize and segment the different prepaid debit card types in the market. In 2014, Mercator was asked to provide the same type of analysis for the Canadian market. Every year new data is collected and analyzed using the baseline data and trending to benchmark and forecast market size for five additional years, which helps program managers and processors to anticipate where growth will happen as well as where to expect declines. Additionally, the report looks at the regulatory environments for prepaid debit cards, which are continually changing especially in Canada and the United Kingdom as regulators learn the nuances of the card market and where risk lies. While some controls are necessary, prepaid programs face risks at both the state/providence and federal level provoking continual compliance concerns. “The prepaid debit card market is unique in that there are many product offerings under prepaid debit cards that are not widely known under that designation. People are more likely to know them as gift, payroll, incentive, travel, or general purpose reloadable (GPR) cards. Each country has its own set of products that function primarily the same but with major differences in the regulatory requirements. It’s valuable to players in the prepaid market to see how each country is evolving in this space,” C. Sue Brown, Director of Mercator Advisory Group’s Prepaid Advisory Service, and author of the report, commented. This research report has 21 pages and 15 exhibits. Companies and other organizations mentioned in the report include: Bank of Canada, Bank of Montreal, Barclays, Berkeley Payments, Blackhawk, Canadian Imperial Bank of Commerce (CIBC), City Services Benefits Card (CSBC), Clydesdale Bank, Consumer Financial Protection Bureau (CFPB), Contis Group, Ltd, Co-operative Bank, Desjardins, Discover, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement (FinCEN), Greendot, HSBC, InComm, Industrial and Commerce Bank of China, KEB Hana Bank of Canada, Laurentian Bank, Lloyds Banking Group (Bank of Scotland, Halifax, and Lloyds), Mastercard, National Bank, National Gift Corporation (NGC), Nationwide, Netspend, North West, Ontario Disability Support Program, PaySafe Group, Peoples Trust Company, Prepaid Financial Services (PFS), PrePay Solutions, PSI-Pay, Ltd, Rapid Payroll, RBC Royal Bank, RBS Group (NatWest, Royal Bank of Scotland, and Ulster Bank), Santander, Scotiabank, TD Canada Trust, Toronto Employment and Social Services (TESS), TSB, UK Gift Card and Voucher Association (UKGCVA), US Bank, Vancity Community Investment Bank, Virgin Money, Visa, Wirecard, and Yorkshire Bank.

3 Misconceptions about Payroll Cards:

by PaymentsJournal

September 17, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

What Percentage of the Prepaid Market Are Payroll Cards?

by PaymentsJournal

September 16, 2019

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen ...

Synchrony Expands its Closed Loop Multi-Store Private Label Credit Card

Multi-Currency Prepaid Debit Cards Provide Rwandans with Financial Inclusion

by Sue Brown

September 10, 2019

This article from PaymentsSource reports on how a Rwandan bank launched a new prepaid product: Rwanda-based I&M Bank has rolled out a ...

There’s Power in Partnership: Money20/20

by PaymentsJournal

September 9, 2019

It’s that time of year again; Money20/20 is upon us. Held in Las Vegas on October 27-30, this annual event ...

Tag: Prepaid

In 2009, 45% of Consumers Bought Prepaid or Gift Cards – How Many Do Today?

Netspend Continues to Create Access for Consumers by Supporting Samsung Pay Cash with Prepaid Debit

Galileo Financial Technologies: Powerful APIs and a Penchant to Reduce Card Fraud Losses Drive This Fast-Growing Fintech Provider

3 Key Payroll Card Takeaways Each for Employers & Employees:

Payroll Card Users Might Not Be Who You Thought They Were:

The Greenlight Card Teaches Young Adults How to Manage Money

3 Misconceptions about Payroll Cards:

What Percentage of the Prepaid Market Are Payroll Cards?

Multi-Currency Prepaid Debit Cards Provide Rwandans with Financial Inclusion

There’s Power in Partnership: Money20/20

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