- Eufora, LLC Obtains Patent On Their Prepaid Debit Credit Builder
On October 27, 2009, Eufora, LLC was issued a U.S. Patent covering aspects of their prepaid debit card “credit builder” features. The patent is U.S. Patent No. 7,607,570 and is titled: “Methods of Establishing Credit”. The patent, apparently, relates to techniques used by Eufora in their Eufora Elite Credit Builder line of cards.
- Prepaid Debit Cards and Internet Gambling
Like it or not, one of the popular uses for prepaid debit cards in the United States is to transfer funds to and from offshore Internet gambling sites. Those transfers may be coming to an end, as the date of enforcement of Federal Regulations prohibiting the transfer of funds to illegal Internet gaming sites went into force on June 1, 2010.
- Green Dot Earnings Call: A Prepaid Card Tutorial
On August 12, 2010, Green Dot Corporation (NYSE:GDOT) had its first earnings conference call. The conference call, of course, included lots of discussion about Green Dot’s second quarter 2010 earnings and outlook. The call also included some excellent information about the prepaid debit card industry. Analysts, investors and others who are interested in covering or better understanding this relatively new industry should listen to the Green Dot Q2 earnings call.
- Prepaid Debit Plays Bigger Role in Earnings
Prepaid debit was, of course, a central earnings theme for two U.S. financial services companies that recently went public Green Dot Corp. (NASDAQ: GDOT) and Netspend Corporation (NASDAQ: NTSP). Other, more established financial services providers also featured a common theme in their earnings: prepaid debit cards are increasingly important to many businesses, including Visa [
- Star Network Allows Prepaid Card Reloads at ATM and Point of Sale
enable load and reload functionality at participating ATM and POS locations. The expanded transaction set includes activation, load/reload and split tender purchases with PIN-security and the associated reduction in fraud built in. The new STAR RELOAD service icon denoting load/reload card capabilities will be displayed with the STAR brand on participating cards, merchant point-of-sale and ATM locations.