Total cash volume in POS transactions fell 10 percent from 2012 to 2013, while mobile and prepaid card payments surged. A sign of things to come?
A study by the US Federal Reserve indicates that Americans are making fewer trips to the ATM, but taking out (or depositing) more cash when they do stop by.
Leo Tolstoy had it right. A century after his death, I find myself marveling at the stark contrasts in a country still wrestling with the evolving payments industries.
I just returned from a speaking engagement at the Fifth International PLUS Forum Cash Circulation + Self-service Banking and Retail 2013 in Moscow.
The debate over the use of GPRs for payroll is more hype than reality. What are we really talking about here?
When it comes down to it, it's an old song.
For those outside the banking system, the ATM can be the payments hub for "plugging in" to a modern economy.
Market forces often collide, some resulting in tremors that portend things to come. The recent passage by the Connecticut General Assembly of legislation in favor of adopting new requirements for many prepaid products could be a harbinger of things to come.
Quietly set to take effect Oct.
Now offering FDIC insurance and paper checks, the prepaid is looking like an online bank with ATM branches.
From coupon deals with local merchants to open-loop prepaid ventures with the likes of Visa and MasterCard and a multi-merchant myGift card offering with Discover, ATM-dispensed giftcard provider Better ATM Services has come a long way in a relatively short...
Todd Nuttall, CEO of Better ATM Services discusses results of a study indicating a strong correlation between ATM users and giftcard buyers. Nuttall says this makes ATM-dispensed prepaids and giftcards an excellent new revenue stream for ATM operators.
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As the underbanked increasingly choose prepaids for their money management needs, new opportunities arise for the ATM industry.
As proposed, the legislation doesn't seek to limit or abolish surcharges. The concern is that, if enacted, it might later be leveraged to introduce restrictions.
The insurance division of the Oregon Department of Consumer and Business Services has proposed a rule change that would allow insurance claims to be paid by automated teller machine. Specifically, the rule allows an insurer — with the consent of...
First Data Corp. has released its SpendTrend analysis for April 1–30, 2014, compared to April 2–May 1, 2013.
American Express this week announced that its full-service reloadable prepaid account, Serve, is now available through 4,100 Walmart stores nationwide. Serve customers can add cash to their account for free at 19,500 Walmart, CVS and participating 7-ELEVEN locations in the...
Cardtronics Inc. has extended its ATM services agreement with Walgreens.
Visa Inc. has completed technical development of a new service designed to detect and prevent fraud schemes involving prepaid cards.
T-Mobile U.S. is offering a raft of cheap banking services with its new reloadable T-Mobile Visa prepaid card, issued by The Bancorp Bank.
The T-Mobile prepaid card comes with the Mobile Money by T-Mobile smartphone app, and has no charges for card activation, monthly maintenance, in-network ATM withdrawals or for replacing lost or stolen cards.
New research from Mercator Advisory Group, "Prepaid Distribution Strategies in the United States," examines the tactics available to prepaid card program managers as they look for new ways to get their cards in the hands of customers. The report provides...
Payments processor First Data Corp. has released its First Data SpendTrend analysis for the period of Dec. 3–30, 2013, as compared with Dec.
First Data Corp. SpendTrend analysis for Oct. 31 through Dec.
New research from Mercator Advisory Group examines fraud risk and best practice for fraud prevention in prepaid card programs. The report, "Prepaid Card Fraud and Risk Controls in the United States," examines the methods criminals use to commit fraud, money...
Growth in the prepaid card industry has slowed and may remain depressed, by comparison with past years, due to ongoing economic turmoil and increased legislative and regulatory action. Key segments will continue to witness a decline over the next four...
Arroweye Solutions, a single-source provider of payment card marketing and production solutions, has released a new EMV On-Demand solution. The technology offers FIs the ability to manufacture, personalize and fulfill EMV chip cards with better cost control and return on...
Global Payout Inc. is now offering cash loading of their MoneyTrac Prepaid Discover Cards at 60,000 Green Dot retail locations nationwide.
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Payteller LLC, the company behind the Payteller financial services kiosk, announced today that they have selected the CheckAlt Remote Deposit Capture solution, which the company said will generate higher traffic levels for merchants. The Payteller kiosk offers prepaid cellular phone...