Walmart Bolsters Prepaid Offerings with 6 New Cards (Nov. 4, 2013)

Just over a year since launching the Bluebird prepaid card with American Express, retail giant Walmart is expanding its suite of prepaid products, adding six new cards to its Paybefore Award-winning line of GPR cards—all issued by Green Dot Corp.’s Green Dot Bank. Four of the new cards will be under Walmart’s own MoneyCard brand. The […]

Mercator Forecast: Prepaid Growth Expected to Slide (Oct. 31, 2013)

Growth of the open- and closed-loop prepaid card markets will be slower than previous years as the industry weathers a stubbornly sluggish economy and regulatory uncertainty, according to Mercator Advisory Group. Total loads on open-loop cards, which include GPR, payroll, open-loop gift and unemployment benefits, will drop from a previously forecasted 21 percent compound annual […]

Report: Mobile Bill Pay Has $2.1 Trillion in Potential (Oct. 31, 2013)

More than 12.5 million Americans already are taking advantage of mobile bill payments, but the untapped potential of the market could be worth $2.1 trillion, according to a new report from Javelin Strategy & Research. That’s the total amount Javelin estimates Americans spend annually on seven essential bill types: open-loop credit cards, store-branded credit cards, […]

Crane Bank of Uganda adopts Temenos banking system

Uganda’s Crane Bank has chosen a core banking system from Temenos, together with various add-on systems, to support the bank’s Uganda head office as well as its expansion into neighbouring Rwanda.

Furness Building Society installs core banking platform

Furness Building Society has chosen a mortgage and savings suite from vendor Sopra Banking Software, to act as the society’s core banking platform. The new system is intended to help the society become more flexible and develop new products, especially online products.

Moscow Exchange debuts cleared OTC derivatives market

Moscow Exchange has opened its new cleared OTC derivatives market, marking a major step towards Russia’s G20 commitments. But some observers still have doubts about Russia’s reputation as an investment destination.

Global mobile money transfer to top $10 billion in 2013

The value of international money transfers made via mobile phones will exceed $10bn for the first time this year, according to Juniper Research. However, the cost and complexity of regulating cash transfer has led many service providers to focus exclusively on airtime top ups, the research firm reported.