Prepaid Cards

Some 38% of U.S. small businesses have tried generative AI tools—27% for fun and another 11% to run their businesses—according to an April survey of 1,003 businesses by Web-site provider and payments platform GoDaddy Inc. Such payments companies as Stripe Inc. have incorporated chatGPT, a form of generative AI, to support their …

Citizens Bank has launched the Private Client World Elite Mastercard, which uses tactile notches on the side of the card to help visually impaired consumers determine the type of card they are using—credit, debit or prepaid—by touch alone. The card features different types of notches to distinguish the card type …

ABI Research forecasted the number of physical, instantly issued payment cards globally will grow to 471.1 million shipments in 2027 from 243.2 million in 2022. Citicorp’s Citi Retail Services unit introduced its Citi Pay line of services, with the first product consisting of Citi Pay Credit, a digital credit card. An installment-loan product will …

Payments provider Deluxe Corp. reported its first-quarter revenue dipped nearly 2% year-over-year to $545.4 million. Net income swooned from $9.7 million to $2.8 million owing to higher interest expense and a higher income-tax rate, according to the company. Revenue in its payments division, its second-largest unit after checks, rose 3.5% to $172 …

Working with Searchlight Capital Partners, payments provider Rev Worldwide closed on its $1-billion all-cash acquisition of the Netspend consumer business from Global Payments Inc. Netspend is a specialist in prepaid and debit cards for more than 100,000 retail locations. Payments provider Finix Payments Inc. said it is now a payment processor, having completed direct connections to …

The impending arrival of a commercial real-time payments service from no less an entity than the Federal Reserve will be a major event, but one Mastercard Inc.’s top brass says the card company will take in stride. “We’ll have to wait and see how it plays out, we’re well-positioned,” Michael …

Payments analysts looking for where the growth is can find it in the automated clearing house network and in debit cards. With respect to transaction volume, no U.S. payment system grew faster over the three years from 2018 to 2021 than the ACH, which posted a compound annual growth rate …

NCR Corp. said it is investigating a ransomware incident affecting one of its data centers and its Aloha cloud-based services for the hospitality industry. Its ATM, digital banking, payments and other retail services are not impacted. Huntington National Bank said it has extended Huntington ChoicePay to payments in higher education and business services. …

Digital-payments platform Kasheesh, which allows consumers to split purchases between debit, credit, and prepaid cards for online purchases, has introduced a one-time-use Visa card to its mobile wallet that can be used at physical stores. The feature, called Mobile Wallet Dashboard, allows users to add their Kasheesh account to their …

Cross-border payments fintech Higlobe Inc. said users can make payments in the United States from their Higlobe account with a new Visa prepaid card issued by Dash Solutions. POSaBIT Systems Corp., a payments platform specializing in the cannabis industry, said a previously announced agreement under which it would acquire MJ Platform, Leaf …