Stopping Tax Refund Fraud in Its Tracks (June 2013)

Strong customer authentication and account monitoring are keys to preventing tax refund/benefits fraud on prepaid cards. By Loraine DeBonis, Editor-in-Chief  As identity theft increases in the digital age, fraud perpetrated with stolen identities has risen dramatically. And, tax refunds have become a target for fraudsters. Tax-related identity theft jumped more than 650 percent between 2008 and […]

Apple Grows Payments Patent War Chest (June 10, 2013)

  Just days before Apple’s annual Worldwide Developers Conference, which runs all this week in San Francisco, the U.S. Patent and Trademark Office (USPTO) has granted Apple another patent that could be a signal of what the tech giant is planning for mobile payments. The patent relates to a “method and system for managing credits […]

Green Dot to Replace GE Capital as Walmart MoneyCard Issuer (June 10, 2013)

Green Dot Corp. will benefit from its exempt status from debit interchange caps by becoming the issuer of one of the largest GPR programs on the market—the Walmart MoneyCard. Green Dot Bank, which also serves as the issuer for Green Dot’s GPR cards, replaces GE Capital Retail Bank, which is bowing out of the relationship […]

Making cross-border payments work

As the value of global cross-border payments such as workers’ remittances increases, billions of dollars are being lost to inefficient legacy systems – but that could be about to change, according to Hank Uberoi, executive director at Earthport.

Tescher: ‘Set Up People for Success’ (June 6, 2013)

During the opening keynote address at the Underbanked Financial Services Forum, which kicked off yesterday in Miami, CFSI President and CEO Jennifer Tescher suggested that conference attendees view themselves as being in the financial health business. Drawing heavily on analogies to the health care industry throughout her address, Tescher explained that the American psyche is […]

2013 Paybefore Awards: Breakout Company of the Year (June 2013)

The organization that stood out from the crowd in 2012 to make a positive, game-changing difference in the prepaid/emerging payments environment in a geographic region or globally. Best in Category: Rêv Worldwide  Launched low-cost mobile card reader targeting 400 million SMEs in 12 countries, along with Brazil’s first GPR card and Mexico’s first mobile banking/prepaid […]

2013 Paybefore Awards: Best Retail-Based Prepaid Card Program (June 2013)

The retailer that has used prepaid most effectively to increase sales, promote its brand and/or extend convenience to customers. Best in Category: Walmart Prepaid Card Program    Jason Marshall and Sabrina Chin, Walmart Aggressively promotes broadest assortment of innovative prepaid products at everyday low prices through extensive merchandising in the most valuable space in the […]