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PREPAID WORLD                       

RBI Could Alter Regs to Promote Financial Inclusion 

Unbanked consumers in India may have better access to financial services if the Reserve Bank of India allows for-profit organizations to become Business Correspondents of banks.

Canadians in Prepaid Address Mobile Opportunities

The potential for mobile and contactless channels to deliver prepaid payment capabilities along with social networking, loyalty and business-building applications was the focus of a retreat for prepaid professionals in Toronto.

Coinstar Acquisition Could Boost InComm's Growth Overseas  

Atlanta-based third-party prepaid product distributor InComm has acquired Coinstar’s E-Payment Services division, which operates gift card malls for retailers in the U.S. and the U.K., the companies announced on May 26.

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COMPANIES & PEOPLE

Executive Profile: One on One with Gilles Coccoli, PrePay Solutions 

From Brazil to Turkey to London, Gilles Coccoli has moved the prepaid voucher business from paper to plastic.



Companies to Watch: IDology

A growing number of companies in prepaid are turning to IDology, an Atlanta-based technology provider that is automating the process of identity verification.

 

 

 People on the Move   

Promotions and new hires of movers and shakers in the prepaid industry.

VIEWPOINTS

Teri LlachViewpoint: Prepaid Fraud: Protecting Consumers, Your Brand and Your Business

In today’s retail environment, prepaid fraud is becoming more of a growing concern for consumers, card issuers, distributors and third-party retail locations alike.



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To subscribe, click here or contact Alison MacDonald at amacdonald@paybefore.com or (617) 671-1157.
FeaturesNEWS & FEATURES
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Deconstructing Dodd-Frank for the Prepaid Card Industry 

What prepaid businesses need to know about the new financial reform law. Plus: Are your cards covered by Durbin?

Viewpoint: Money Laundering and Prepaid Access: Thoughts on FinCEN’s Proposed Rulemaking 

Courtney J. Linn, Of Counsel, Orrick, Herrington & Sutcliffe offers some initial thoughts on the proposed regulation.

 

Gift Card and Voucher Sales Show Q2 Strength in U.K.

Sales of gift cards and vouchers in the U.K. surged by more than 20 percent during the second quarter of 2010, according to British trade group members.

Western Union, InComm Expand In-Lane Money Transfer Service

Following a successful pilot, Western Union and InComm expanded their POS money transfer service at Family Dollar stores nationwide.

Q&A with Tim Wall, Citi Prepaid Services

What Citi is learning in its quest to become the premier prepaid provider across the globe.

 


RBI Could Alter Regs to Promote Financial Inclusion

Unbanked consumers in India may have better access to financial services if the Reserve Bank of India allows for-profit organizations to become Business Correspondents of banks.

President Signs Financial Reform Bill   

President Obama signed what is considered to be the most sweeping financial reform since the New Deal. The much-debated Dodd-Frank Wall Street Reform and Consumer Protection Act (US HR 4173) passed in the Senate last week by a vote of 60–39, which was no surprise after the Senate secured the 60 votes needed to avoid a Republican filibuster and move the bill to a final vote.

Read Paybefore’s coverage of the impact of financial reform on the prepaid industry.

Senate Passes CARD Act Extension for Prepaid Cards

On July 13, the U.S. Senate passed a measure by unanimous vote that will extend the deadline for compliance with some of the gift card provisions of the CARD Act.

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