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- Elan Tests New Card-Dispensing Kiosk (Aug. 31, 2007)
Elan Processing, the transaction processing subsidiary of US Bancorp, plans to launch a kiosk that will dispense prepaid cards in merchant locations as well as in financial institutions. Elan will begin testing the kiosk system, called Pass Plus, in the next few months.
- FundsTech Trading on Frankfurt Stock Exchange (Aug. 28, 2007)
FundsTech Trading on Frankfurt Stock Exchange Aug. 28, 2007 By Prepaid Media Staff FundsTech Corp., a provider of network branded prepaid card services for the underbanked, is now trading on the Frankfurt Stock Exchange under the symbol FT4 (WKN number
- Office Depot to Accept MasterCard PayPass (Aug. 28, 2007)
Office Depot to Accept MasterCard PayPass Aug. 28, 2007 By Prepaid Media Staff National office supply retailer, Office Depot, will begin accepting MasterCard PayPass as a contactless payment option in its more than 1,000 retail stores nationwide. MasterCard’s PayPass uses
- Younger Consumers Prefer Web Banking (Aug. 28, 2007)
Younger Consumers Prefer Web Banking Aug. 28, 2007 By Prepaid Media Staff While branch banking still ranks first overall among consumer's usage, younger customers are continuing to choose the anonymity of their laptops over the in person contact of a
- Bopo and MTV Launch New Teen Card (Aug. 27, 2007)
Bopo and MTV Launch New Teen Card Aug. 27, 2007 By Prepaid Media Staff Bopo and MTV Networks Australia have entered into a five year agreement for the distribution and promotion of a co branded prepaid Visa card for the
- Springbok Services Provides Prepaid Incentive Cards to Starz Entertainment (Aug. 23, 2007)
Springbok Services, Inc. will provide prepaid card consumer and sales incentive programs for movie service provider Starz Entertainment, LLC beginning in October. Companies selling Starz service, which include various cable and satellite service providers, receive personalized reloadable MasterCard-branded prepaid cards that are loaded each time one of their sale agents makes a sale or reaches certain sales goals.
- An Arrest in the TJX Breach Case (Aug. 21, 2007)
An Arrest in the TJX Breach Case Aug. 21, 2007 By Prepaid Media Staff The U.S. Postal Inspection Service, the investigative arm of the U.S. Postal Service, confirmed the arrest of a Ukrainian national, Maksym Yastremskiy, by Turkish authorities for
- Card Printer Expands Imaging Capabilities (Aug. 20, 2007)
Card Printer Expands Imaging Capabilities Aug. 20, 2007 By Prepaid Media Staff Jet, a Downers Grove, Ill. based card printer and manufacturer that specializes in closed loop gift cards and loyalty cards, has added a drop on demand (DOD) imaging
- MasterCard PayPass Continues Rollout in NYC Taxis (Aug. 17, 2007)
MasterCard PayPass Continues Rollout in NYC Taxis Aug. 17, 2007 By Prepaid Media Staff MasterCard Worldwide says it is expecting increased adoption of its PayPass contactless payment terminals, which accept prepaid, debit, and credit cards, by New York City taxi
- NACHA Requiring International ACH Code (Aug. 17, 2007)
NACHA Requiring International ACH Code Aug. 17, 2007 By Prepaid Media Staff The voting membership of NACHA The Electronic Payments Association, approved an amendment to the NACHA Operating Rules that will require all international payments made via the ACH Network
- MasterCard Names New Head of Prepaid Product Development (Aug. 15, 2007)
MasterCard Names New Head of Prepaid Product Development
Aug. 15, 2007
By Prepaid Media Staff
Laura Kelly has been named senior vice president of global prepaid product development and management at MasterCard Worldwide. In this role, she leads MasterCard’s efforts to develop and deliver prepaid product
- EDebitPay Resumes Some Business After FTC Action (Aug. 14, 2007)
EDebitPay Resumes Some Business After FTC Action Aug. 14, 2007 By Prepaid Media Staff Prepaid card marketer EDebitPay LLC resumed “some business operations” yesterday after responding to a complaint and temporary restraining order filed by the Federal Trade Commission. The
- Pershing Square Now Supports Ceridian Deal (Aug. 14, 2007)
Pershing Square Now Supports Ceridian Deal Aug. 14, 2007 By Prepaid Media Staff Pershing Square Capital Management, L.P. says it intends to fully support the proposed buyout offer of Ceridian Corp. by affiliates of Thomas H. Lee Partners, L.P. and
- Capital One Financial to Acquire NetSpend for $700 Million in Cash (Aug. 7, 2007)
Capital One Financial Corp. announced an agreement to purchase NetSpend Holdings Inc. for $700 million in cash. NetSpend will become a subsidiary of Capital One N.A. as part of the transaction. NetSpend Holdings is the parent of NetSpend Corp., a vertically-integrated card processor and program manager that markets prepaid cards to unbanked and underserved consumers through a network of third-party retailers, including check cashers and supermarkets.
- Tim Hortons to Introduce New Prepaid Card (Aug. 7, 2007)
Tim Hortons to Introduce New Prepaid Card Aug. 7, 2007 By Prepaid Media Staff Tim Hortons Inc., will be launching the closed loop, reloadable TimCard this fall as part of a movement by the restaurant chain to increasingly accept electronic
- Sterling Aims Prepaid at Debtors, Travelers (Aug. 7, 2007)
Sterling Aims Prepaid at Debtors, Travelers Aug. 7, 2007 By Prepaid Media U.K. based Broadcastle Bank LTD is launching a consumer website to promote and manage its Sterling Card, a MasterCard branded, reloadable prepaid card. At the website, customers can
- Coinstar Revenues Rise on Prepaid Product Offerings (Aug. 6, 2007)
Coinstar Revenues Rise on Prepaid Product Offerings Aug. 6, 2007 By Prepaid Media Coinstar Inc., which operates coin counting machines that allow consumers to deposit funds onto prepaid cards, reported second quarter revenue increase of 5.4%, to $137.4 million during
- PaySpot Selects TNS for Managed Communications (Aug. 3, 2007)
PaySpot Selects TNS for Managed Communications Aug. 3, 2007 By Prepaid Media Staff Transaction Network Services, Inc. (TNS) has been selected by PaySpot, Inc. to provide a managed solution for both dial up and IP connectivity. PaySpot, a prepaid
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