Debit Card News

Green Dot Goes Head to Head With Traditional Banks, Introduces GoBank

GoBank by GreenDotGreen Dot (NYSE: GDOT) provided a preview of its new banking service GoBank revealing how Green Dot will combine 3 of its largest assets: its bank (Green Dot Bank), its mobile platform (acquired from Loopt), and its prepaid debit card platform. The combination has the potential to be a great one. Read More

Convert Your Cash to PayPal Funds

Convert Cash to PayPal Funds with PayPal Prepaid Debit CardOver 100 million people use PayPal to pay for goods and services online. Until today, the most convenient way to load your PayPal account with funds is from a linked payment account. For example, most people link their PayPal account to their bank account, and transfer funds from their bank account to their PayPal account. But what about the millions of people who don’t have a bank account or credit card? How do they load funds onto PayPal? Today, PayPal announced the launch of the “PayPal My Cash Card”, allowing anyone with cash to load funds onto a PayPal account. Read More

Prepaid Cards for Kids

debit card for children from PKTMNYShould kids have debit cards? Even 8 year old kids? One company in the UK thinks so, and recently launched the PKTMNY (pronounced “pocket money”) prepaid card for kids. Read More

Chase Joins Ranks of Prepaid Card Issuers

JPMorgan Chase & Company (NYSE: JPM) has joined the trend of large consumer banks issuing their own line of prepaid debit cards. Following a turbulent national economic collapse and tougher federal regulation, many of the larger national banks like Chase are seeking new forms of revenue. Chase has branded their offering as The Chase Liquid Prepaid Card.
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Effects of the Durbin Amendment — Good For Prepaid Issuers?

The Durbin Interchange rules went into effect in October 2011, after a heated battle and much lobbying on both sides. One of the arguments against the Durbin amendment was that it would hurt smaller banks (even though most banks with assets less than $10 Billion are “exempt”). A report released yesterday by the Federal Reserve may indicate the opposite — that exempt banks are benefitting from the Durbin amendment, thanks to two tier interchange. Read More

Prepaid Technology Experts Team Up With Leading Prepaid Bank

Mar 12, 2012 – A subsidiary of The Bancorp Bank (NSDQ: TBBK) called The Bancorp Bank Payment Solutions Group announced today a partnership with Swift Prepaid Solutions where Bancorp will issue plastic prepaid debit cards through Swift’s innovative technology platforms.
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Three New Extra Features Added to Prepaid Vision Visa(R) Cards

Feb 22, 2012 – Yesterday, PreCash, Inc., a national leader in payment processing services announced three new value-added features to intice more prepaid customers to their Vision Visa prepaid debit card. For many un-banked or under-banked customers who can not or will not use traditional checking accounts or credit cards, PreCash is offering extra services such as roadside assistance, optional interest bearing savings and cash back for gasoline purchases (see website for details and restrictions).
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PayPal Offers New “Linked” Prepaid Debit Card

Feb 14, 2012 — GlobeNewswire today released that online payments guru, PayPal is venturing with prepaid goliath, NetSpend to offer a new General Purpose Reloadable prepaid debit card called the PayPal Prepaid MasterCard. A notable feature worth mentioning, is the cross-functionality or “linking” between the prepaid product and the renowned PayPal online payment portal.
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