How the Interchange Fee Cap Affects Prepaid Card Issuers, Users
The Fed's cap on debit interchange fees exempts prepaid cards, with a catch for large issuers; that's great news for consumers with low credit scores....
Tag: prepaid cards
AmEx’s New Prepaid Card Shows How Issuers Will Fight Debit Fee Limit
A new prepaid card, just introduced by American Express, shows how issuers will fight the 12-cent interchange fee limit on debit card transactions....
American Express Takes on PayPal with Serve
American Express has launched a service that is pretty much identical with PayPal, allowing users to send and receive money, make purchases, etc....
Start-up Gives ATM, Credit Cards to the Unbanked
Plastyc, a New York-based start-up, has just closed a $2 million round of strategic investment by the financial arm of the Center for Financial Services Innovation – a nonprofit financial services organization, specializing in the growing industry of serving unbanked and...
Faced with Lower Debit Card Revenues, Big Banks to Start Issuing Prepaid Cards
The big U.S. banks are about to enter the prepaid card market, which is expected to reach $118.5B in revenue in 2012, up from $1.8B in 2006....