CFSI Nonprofit Exec: Prepaid Could be ‘Anchor’ for Broad Financial Services for Changing Society (March 7, 2013)

March 7, 2013 “Banklike” card products, such as American Express Co.’s Bluebird, Chase Liquid and Green Dot’s GoBank, that target underserved customers who are disproportionately “young and mobile” are just the tip of the iceberg of innovative new products emerging to serve a changing society, according to Rachel Schneider, senior vice president for insight and analytics for […]

Card Design, Customer Experience Key to Reducing GPR Churn (March 6, 2013)

March 6, 2013 As GPR card providers seek to develop long-term cardholder relationships, a panel of industry experts at the Prepaid Expo USA in Orlando, Fla., discussed strategies of dealing with one of the prepaid industry’s biggest hurdles—reducing customer churn. The lifespan of a typical GPR card is a short one; cards distributed online average […]

Ex-Southwest Airlines Exec Sees Industry Parallels in Prepaid Card Competition, Consolidation (March 6, 2013)

March 6, 2013 The prepaid card industry may appear to have little in common with the airline industry, but prepaid card marketers could learn a few lessons from Southwest Airlines about surviving turbulent times and transforming commodity-like financial services products into unique and successful brands, Southwest’s former top executive told attendees during a keynote session […]

Experts Offer Sales-Boosting Tips for Gift Card Retailers (March 6, 2013)

March 6, 2013 Visibility, replenishment and store associate awareness are three keys to energizing a retailer’s gift card category, according to Colleen Dorwart, senior manager of gift card services at Cabela’s Inc. Dorwart, who was part of a panel discussion this week at Prepaid Expo USA in Orlando, Fla., also stressed frequent conference calls between […]

Paybefore Honors Innovation in Orlando (March 4, 2013)

March 4, 2013 Paybefore celebrated 72 programs in 23 categories, naming for the first time Best-in-Category honorees at the 7th Annual Paybefore Awards Ceremony, which capped off the first day of Prepaid Expo USA in Orlando, Fla. This year—for the very first time—there was a sixth judge, consisting of the votes of visitors to, […]

CPI Card Group Expands Secure Packaging Capabilities in U.K. (March 5, 2013)

March, 5, 2013 CPI Card Group, a Littleton, Colo.-based card producer, has expanded capabilities at its Petersfield facility in the U.K. to support demand for secure prepaid card packaging, the company announced yesterday. The new capabilities, which include gift card packaging for distribution within an open- or closed-loop environment, add to the existing products and […]

Giving the Millennial Generation What They Want (March 5, 2013)

March 5, 2013 Tracking their finances, saving time and money, avoiding risk and maintaining close relationships with their parents are some of the hallmarks of older “Millennials,” the generation born between 1982 and 2005, according to Neil Howe, founding partner and president, LifeCourse Associates, a consulting company focused on the attributes of generations. Howe, a […]

Prepaid Resources Partners with IDology to Combat Benefit Enrollment Fraud (March 5, 2013)

March 5, 2013 Prepaid Resources, a New York City-based technology specialist for the prepaid and banking industry, has announced a partnership with Atlanta-based technology provider IDology to incorporate advanced identity verification and prescreening solutions within Prepaid Resources’ FraudGuard security services. Fraud Guard protects against unauthorized direct-deposit enrollments using Prepaid Resources’ BenefitsDirect Direct Deposit Management application. […]

eGifter Takes Social Gifting to LinkedIn (March 5, 2013)

March 5, 2013, the developers of the eGifter Web and mobile social gifting app, debuted its integration with LinkedIn at the Prepaid Expo USA in Orlando, Fla., yesterday. The new feature enables consumers to send eGift cards to their LinkedIn Connections. “Social gifting in a business context is now a reality,” said Tyler Roye, […]

Paybefore Honors Innovation in Orlando (March 4, 2013)

March 2013   Expanding the Boundaries of PrepaidLeft to right: Lisa Breitengross and Kevin Boglarsky, Discover On March 4, Paybefore celebrated 72 programs in 23 categories, naming for the first time Best-in-Category honorees at the 7th Annual Paybefore Awards Ceremony, which capped off the first day of Prepaid Expo USA in Orlando, Fla. This year—for […]

Discover Launches Checking, Debit Service with Rewards Lure (Feb. 28, 2013)

Feb. 28, 2013 Discover Financial Services is taking on the likes of online banking specialists Simple and Moven with Discover Cashback Checking, introducing a mainstream debit card, to be processed on its Pulse network. Initially targeting only select Discover credit card customers by invitation, Discover’s new banking service carries no monthly fees or minimum balances […]

MasterCard Inks VimpelCom Deal, Launches NFC Services in Brazil (Feb. 28, 2013)

Feb. 28, 2013 MasterCard Worldwide pushed its global mobile payments strategy forward this week with announcements of diverse initiatives targeting new customers, including a strategic partnership with Amsterdam-based mobile network operator VimpelCom Ltd. to reach unbanked consumers in 18 countries with a “mobile money” service, as well as the card network’s first NFC launch in […]

PayPal Founder’s New App ‘Simplifies’ Mobile Shopping (Feb. 28, 2013)

Feb. 28, 2013 A new startup from PayPal co-founder Max Levchin is aiming to improve the process of making online purchases via mobile device—an improvement he says is a boon to customers and retailers alike. Known as Affirm, the new company is the brainchild of Levchin’s tech incubator Hard, Valuable, Fun and is launching a […]

CO-OP Financial Services to Offer TMG Prepaid Cards (Feb. 28, 2013)

Feb. 28, 2013 As part of a partnership established last year with The Members Group (TMG), a Des Moines, Iowa-based card processing and payment solutions provider, CO-OP Financial Services today announced it will be offering TMG’s reloadable prepaid cards to all of its client credit unions. The TMG reloadable prepaid cards are in addition to […]

AccountNow Reports Major Call Volume Shift with VoltDelta (Feb. 28, 2013)

Feb. 28, 2013 Customer service is in the news for the second time this week as prepaid card provider AccountNow Inc. reported that more than 90 percent of its call volume is now resolved in the automated system rather than via live agent. The increase follows AccountNow’s move to VoltDelta for customer service 18 months […]

Blog: New Credit Card Surcharges Could Impact Prepaid Market (February 2013)

Blog: New Credit Card Surcharges Could Impact Prepaid Market February 2013   By Lori Breitzke, E&S Consulting LLC A proposed settlement agreement in the In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation—filed in 2005 on behalf of approximately 7 million merchants alleging, among other claims, that MasterCard and Visa had separately colluded […]