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prepaid cards

September 8, 2014

GoBank may be re-thinking its practice of charging a voluntary monthly maintenance fee.

On GoBank's website, it now says that accounts opened after July 23rd will have to submit to an $8.95

August 6, 2014

Governor Pat Quinn signed a new bill into law today that strengthens protections for Illinois workers that receive their wages on payroll cards. The new law will limit costs and establish better

August 5, 2014

Steve Streit's comments in his 2nd quarter earnings call contained a number of interesting facts on his company and on the prepaid industry in general. It is worth a read, because it stands out from what most earnings calls suffer from: too much boiler plate and too little commentary. Streit

July 24, 2014

Card.Com just released an interesting study that documents how spending differs among the sexes. The data in the report is derived from the prepaid debit card accounts that they manage. 

June 17, 2014

The New York Times says that Suze Orman intends to shut down the Approved prepaid card. That follows a recent decision by Magic Johnson to discontinue his Magic Card.

June 16, 2014

In case you were wondering where they stood, important leaders from two of the largest companies in prepaid debit cards told an audience at last week's Power of Prepaid that their firms still want to find a way to restore credit to the prepaid card platform. They were similarly in synch in defending overdraft. 

When asked why he thinks people like prepaid cards, Dan Henry of NetSpend ("A TSYS Company") redirected the conversation

June 13, 2014

In spite of the fact that the industry has seen price compression for the last two years, prepaid card program managers and issuers have found it difficult to shake a perception held by the public that their cards are expensive.

Here is the messaging problem: the oft-heard question about the product is “aren’t those cards loaded with fees?”

June 3, 2014

This morning VISA announced a series of new standards for prepaid cards in its network which should make

June 2, 2014

Details from an unintentionally-leaked document show that BBVA's recent acquisition of Simple may not be going as planned. In other words, the deal may be turning out as the skeptics expected. In this blog entry, I sided with the latter group. 

Current Simple CEO Josh Reich mistakenly emailed a draft presentation to a reporter at Quartz magazine which outlined

May 21, 2014

When Power of Prepaid kicks off on June 11th, most of what can be said about the regulation of prepaid cards will already have been said.

But the special opportunity of a conference is to put ideas in to context, to show where forces complement